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Usually nothing Bubble, but who knows this time?!.....
I think that we failed to grasp the extent of how badly SOLG was being managed, with too much money wasted on too many priorities, too little progress and too many burned bridges. The CGP overhaul will probably produce a leaner and meaner SOLG, in better shape when the buyers show up or if there are no buyers and we have to develop ourselves (hopefully not).
But A) it will take time, and B) in the meantime it will look like nothing significant is happening because house cleaning is not RNS material.
So perhaps, as we are still in some orphan stage and are unfortunately still not ready and presentable as a proper selling proposition , it's for the best that we need to wait, at least for those who hope that when we get sold, we get sold for a congruous price.
It does not mean that we are happy to wait longer after all that has gone through, but for all practical purposes we are likely to be in a better shape this year than we thought we were in the last 2-3 years.
Just a personal opinion, GLA.
I have no issues. I use Adblock Plus on my Chrome browser and the only problem is with the useless posters, not the website.
Nice
as someone famous said, the problem is that the stupid are always ****sure while the intelligent are full of doubts...
@Pad, too bad we live in different cities. You could write the lyrics and sing your line, I could write the music and play the drums, that could be the start of a great geriatric band!
If WI's comment is accurate, that means we would need to delist from TSX before being able to sell to the Chinese.
Zap, I don't think it's fair to actual investors. Not everyone who invests has the time to engage the BB every hour of every day, and the company has not performed as well as we investors expected, which is measured in price (bought vs sold). Of course the resource is there but if it does not get monetized, which is the very point of an enterprise, then the actual investors are more than entitled to complain or at least comment on the adverse events. I am down 81% after today on a material amount, I think the strategy needs some rethinking, especially if there is an actual resource that could be monetized (and it has not!).
GLA
Forte, I am not a fan of the efficient markets theory since it's proven that prices are constantly moving up and down away from balance sheet based appraisals, and I also trust that there is a theoretical and rational valuation for SOLG that puts the price to 60p or 111p.
However, until the fair value is achieved, the only "real" thing about the price is the price itself at any point in time because that's what dictates our entry and exit points and therefore our profit or loss.
The only three times I have seen the SOLG price at a level that resembled a fair valuation are in May 2017, briefly in October 2018, and again briefly in April 2022. Otherwise, the 999days EMA has been floating around 25p which is higher than today's price and a major discount to the target prices we keep dreaming about.
So, what is the only thing we have unless a majority buyer steps in and pays some premium to acquire the company? The current price, that's it, everything else is forecast at best and aspiration at worst.
I still see USD 75c as medium forecast, or 60p.
I suppose it does not really matter if 60p goes to 111p if we cannot even reach the 30s in the real market.
I have been saving a bottle of Montevetrano 2008 for the day I sell my last SOLG share, I hope it does not turn into vinegar by then!
Right now the technical indicators are not showing sufficient momentum to forecast a 28p without some tangible event to justify it. Having said that a couple of good days might move the Super-trend and the Parabolic SAR in bullish mode.
IMHO 28p would be fantastic news and I suspect many here would sell between 22p and 28p so there might be some resistance getting up there. Just a personal opinion.
Have a good one!
Byron, still in Veneto drinking Amarone?
@needalife, if you selectively answered here and there when it matters one could take you as a genuine SOLG investor, but since your coming you have been polluting each message and thread with a pointless and mostly repeatedly uninformative bickering commentary. No real investor has the time to waste everyone else's time to the extent you do, so one has to assume you are one of the paid ones.
Perhaps if you tone it down some 99% you will be appreciated and won't end up filtered like many before you.
https://www.mahannahsscifiuniverse.com/blogs/star-trek-news/q-a-star-trek-species-file
Q, come on, at least try! There is no dimension in the multiverse where you instead know more about S0LG than WI.
Be at peace with it, and with fact that SOLG needs to be sold.
@Bubble, I think that the difference between all the different shareholders who have invested the 50-100mln in SOLG (mostly at low entry prices) and what we are all eagerly waiting/hoping for is the majority share acquisition or outright acquisition of SOLG at the premium price.
We are still overdue the one single life changing event and we have for a long time, so it does not really matter how many large shareholders we have since it has not moved the dial a bit. The evidence is in the price.
Methink, when last week I was listing the three main topics affecting the SOLG price at the moment, that country risk is indeed a concern and the one we cannot control. The other two variables (IMHO), i.e. spinning off the regionals before selling SOLG (corporate challenge) and how to resolve the block cave approach economically (technical challenge), are the foundation of the Strategic Review that is required to allure a buyer.
But if a country gets toxic for investors, whether or not this is the case for Equador and whether or not it is to such a degree to push even the Chinese away, it might push us back years.
Just for balance and hopefully not of course.
How about a plain poll on the three top variables at play for SOLG?
Mine are: Spin-offs strategy to work out the SR, addressing the block cave challenge, country risk
Any other views, just to pass the time?
Fair enough pactrol, pricing that in the top 2017 price corresponds to 27.97 today and the current price corresponds to a 2017's 32.85, upside to 40-45p.
Still no lifechanging, but better than my initial estimate.