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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.

@Red and all, I just ran through the numbers myself.
If I got them right, in April 2017 we had 1.432 bln shares when the price reached 46.88p.
As of today, with 3 bln shares in issuance that 46.88 would correspond to 22.37p, so we would not be priced so badly even though we are horrified at the effects of dilution mixed with bad management.
Factoring in that we cannot transition to a development phase and achieve the relative valuation multiples because we are not producing a BFS or allegedly conducting any meaningful activities leading to development, with a great sense of loss I need to conclude that at this stage the price has limited upside, perhaps only as far as 30-35p best case.
If I am reading the use case incorrectly in any way, by all means speak up and share your thoughts.
GLA

I missed something, sorry, where is this swap advertised and do we know who traded it?

Any news somewhere y any chance?

@needalife, it definitely sounds like you do!
Since you are not invested, please come back when you are, no hurry, take your time.

Q, I don't have a grudge with anyone here, so I don't like wasting time or those wasting time demeaning the other posters.
None of us honestly has a full grasp of everything related to investment or trading, we just have a personal wealth of knowledge and tools we use to make a somewhat rational set of decisions.
If we did we would be running a hedge fund or else and would not be wasting our time on anonymous BBs.
So let's drop it and be nice and supportive of each other.
Or filter them and move on....
GLA

About Blackrock, and while I enjoy the Colonel's posts even if half the time there is more interpretation than actual fact, I would like to point out, after asking a dear friend who is actually an MD at BR, that their buying and selling and crossing thresholds and having to inform the market about it refers to passive funds and ETFs. BR just invests in stocks and have to periodically rebalance, and SOLG happens to be one of very many they invest in. There is just no BR conspiracy here. When BR wants to influence a company's direction, they don't buy and sell to speculate on price, they invest more heavily for increased leverage with the management and directly affect the strategy.

My best 10 songs of 1981 in no specific order what are yours:

Siouxie and the Banshees - Spellbound
Kim Karnes - Bette Davies Eyes
The Police - Every little thing she does is magic
Soft Cell - Tainted Love
Phil Collins - In the air tonight
Earth Wind & Fire - Let's groove
Genesis - Abacab
Visage - Fade to Grey
Rolling Stones - Start me up
Queen - Another one bites the dust

Price retrace to about 18p, then up to 26.8p.
Spot the pattern.....

guymac, not sure whether yours was a loaded question or a genuine one.
You don't trade SOLG on technicals, you trade it on events (e.g. a takeover, a new find, the BFS, ec.) or you traded it on value (e.g. the future value in the ground being monetized).
Fibonacci works to an extent but the timing is tricky, Elliott waves less so. The other technicals (Bollinger, RSI, etc.) are just good for the short term if you want to trade the share, but as many have experienced, it's not an easy science given the lack of liquidity and the event-driven nature of SOLG's price movements.
That's my take anyway.....good luck with your money

Thank God that Novice knows what is really going on, among so many clueless posters picking on each other's guesses....
C0m3 on a11, b3 n1c3 t0 3ach 0th3r

https://www.ft.com/content/c3da84fd-efe2-4487-accb-511a8104ee3e