Member Info for TheItalian

Swanley, sorry for the name typo...

@Swanly, W1 first half of April, W2 lateral decline to mid July, W3 until last Friday. Also happens to be a 100% Fib extension, which leads to a possible W4 to 61.8% (i.e. 10.30) before a W5 to 161.8% at 17.9. However W3 was a very strong impulse and I think the W4 personality is one of mild lateral retracement, 11-12p, in good part because holders have no reasons to sell at this stage so the price should be supported.

My two cents on the current price movement, irrespective of any news flow, is that following the big impulse up to 13.7ish, we are at the end of a W3 wave or beginning of a W4 retracement. This should be shallow and lateral, longer in time than W3 and possibly dropping only to 12p or worse case to around 11p, which would be a good time to buy. The next move from there would be a W5 impulse reaching at a minimum 15p but possibly 18-19p.

Https://www.gbreports.com/interview/dan-vujcic

Apologies if already shared

Https://www.youtube.com/watch?v=qdHXEp3ztB8

You tell me if that short should not be outlawed. Shame on them and shame on the regulators that allow that to happen on small caps.

@PBOW, on the theoretical valuation principle I agree with you, I generally think that eventually we should see north of 50p. But then on a practical and subjective level, we have been invested for a very long time and even 20p may feel like a liberation. There are those two dimensions and they are bound to bring different conclusions IMHO.

Https://www.mining.com/web/ecuador-expected-to-delay-new-mining-fee-industry-leader-says/

Bozi, I just reported the comments to this BB to have a constructive conversation about it, which as it happens is repeatedly a waste a time.

I will ponder on my own about the effects of dilution and I will keep my thoughts to myself, no point in debating here any further. Then I will count from 1 to 1528000 to remind me of the financial commitment I put into SOLG and will wait for any developments as it's been the case in the last few years.

GLA

Bozi, and Jack, this has nothing to do with the colour of my spots, the comment came straight from the CEO and if you think he talks through his **** then you should reconsider your investment in the company.

Not sure though what raising equity when the price is systematically below 10p entails, given the huge amount of capital required.

Add, I suppose that diluting can be ok if the project can be advanced to development and then production quickly enough, as valuation multiples are much higher. Diluting and just continuing the studies without actually advancing the project is the killer on the other hand.

Seems fair to me.

Someone pointed out to me that the reason the share price is down has been due to the reticence of prior management to raise capital in equity markets to maintain a strong balance sheet to allow acceleration of the project (including permitting). Too many studies not enough activity. Spending the dollars to start the project would be the smartest dollars we will spend.

Instead of insulting each other and add nothing to the conversation, have a serious thought and share with the group what do you make of it?

Thank you for sharing Add, it will be interesting to see if 2025 is indeed the year of the rerating catalysts. So far it seems that any form of derisking is met with market indifference. Historically the share price has moved rapidly when a rerate took place so I suppose this is a classic binary play, either suffer like today or rejoice like May 2017, Sep 2018, Oct 2020, April 2022, all fairly short live spikes.

GLA

Panda, I am not abusing anyone and I wish you all the riches you are aiming for. You should just stop being so aggressive, it's pointless. But what we discuss here does not matter. We have collectively been discussing the theoretical value of SOLG at any step of the process and we agree that theoretically we should be valued around 30p at the exploration stage, about 70p at the feasibility stage, over 100p at the development stage, and I dare above 200p at the production stage.

But we all know the history and the missteps, so SOLG's value is 7p right now and since we are just investors and value the investment by the difference between paid and sold price, the theory does not materially matter. You are most welcome to wait until you are my age to see 150p, I just don't have the time and patience anymore.

Good luck to you.

Panda, perhaps you should divert all that positive energy to the company to make sure we see a 100+ price before we are all too old to enjoy the proceeds.

For us investors time has a value, almost as much as price, whether or not SOLG will be priced at 100+ in the next 5-10 years it's immaterial to many, I for one after 11 years would sell as low as 20p and walk out a happy and relieved man (if given a chance).

IMHO each investor will ponder on the appropriate target level for selling, based on risk appetite and time, and of course realism and delusion.

However I would be fairly confident that most of the long term investor would sell well before we see those 100+ levels, in fact likely before we see 50p.

Not judging any other investor or speculator for seeing it differently, just sharing an opinion.

The Australian executive met with another top SolGold investor, Jiangxi Copper Co., in China last week. Next week, he is off to Spain. It’s all part of the firm’s response to market underperformance, with shares down more than 20% in the past year.

As SolGold’s biggest shareholder, BHP has long been seen as a likely buyer for the company, although the relationship hasn’t always been smooth, with tensions arising over corporate governance and project delays and financing.

Despite having three large miners at the top of its share register when big copper projects are scarce, SolGold isn’t grooming itself for a takeover, Vujcic said in a Wednesday interview.

“Considering how undervalued we are as a company, saying we’re for sale just doesn’t make sense,” he said.

Cascabel, not Cascable....

Https://x.com/mining/status/1920529589236879477