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That is another pedantic and one sided commentary about CGP. And they "forgot" to mention that SOLG has first right of refusal over CGP, and the real effect of that is such that even NCM, who are in bed with CGP, are not bidding for them. Absolute clowns, no dignity in not accepting they were outplayed by SOLG ay each step of the way.

I thought Dominic Cummings was running the country.....

Thank you forest, same one then.
Weak price today, no material news, still following the downtrend line, all momentum indicators down, not happy to be honest....

Is it the same content as the RNS by any chance?

Does anyone have access to the ********** article from the 17th July?
"Asiamet responds to media article"?

Thank you

Hi
Many thanks for your support.
Your points are acknowledged and we are conscious of obtaining an outcome that’s in the best interests of all holders. The PI’s were the ones who helped support us for many years before the big boys came along. We won’t forget that.

For what it's worth, I appreciate the quick response from Karl, and the general tone of his reply to my critique of SOLG pursuing the long winded road to production and the missing exit points that NM promised.

Where is the bid?

Daniel, I am using M&A data as reference. $47/oz might be low but that's what I am using, COBR is still in early exploration and there is no official resource or feasibility study, so I don't think it's realistic to price it higher.
But as I wrote earlier, it's a back of the envelope calculation just to give myself some context, and if I am being cautious it just means a higher chance that we can grow 1000% from here.

Hi Rich, likewise but I am not touching SOLG at the moment, I will pull the sell trigger once I see some movement.
Jut to give myself some context, I am pricing COBR assuming the 1mln oz Au used for the options and a value of $47/oz, which gives me a target price of 19.8p at the current GBPUSD exchange rate. Obvious back of the envelop, but lacking any better informed analysis that's all I can come up with, and good news.
Good luck with your investments.

It' early days so not surprised but if any fellow BB participant has seen any "expert" COBR price forecast I would be grateful for the sharing.
Thank you, TheItalian

HI Shippy, I have emailed Karl as well, a long and detailed email to show support but also to highlight how the ambition to become a producer has resulted in more damage then shareholder value so far.
I am not expecting a response actually, I would just be happy to see SOLG trying to be more forthcoming and collaborative so that we can all finally get some value out of our investment.

I second Copperpot's comment even if it's not what I hoped SOLG would do when I invested, but if anything NM seems a better leader than the CGP mob, so it's still a no brainer to me.

Cornerstone wants to spill the SolGold board for fears the company is not being run in the best interests of all shareholders, nor with appropriate governance standards. Aside from being a SolGold shareholder, Cornerstone is SolGold's joint venture partner in Cascabel with 15 per cent of the asset. To complicate matters further, SolGold is trying to complete a hostile takeover of Cornerstone. Mr Mather said a board spill would cause massive disruption for little gain and he had no plans to step down. "I don't intend to resign nor have any plans to resign at the moment because my job is not done,'' he said. Cornerstone chairman Greg Chamandy said the time had come to put an end to SolGold management's "suspect corporate governance and self-dealing practices''. ''It is obvious to Cornerstone that the current SolGold board is incapable of managing the affairs of SolGold for the benefit of all shareholders in a prudent and transparent way,'' he said in a statement. The development of Cascabel is expected to cost about $US2.7 billion, but despite the challenges with securing project finance to date, Mr Mather said he was confident SolGold could raise the money. "The financing of this project is the least of our concerns. Of course, it is a very big task to raise $US2.7 billion, but the outstanding characteristics of the project the upside in the copper and gold markets, the low global interest rates are all assisting us," he said.

SolGold boss lashes Newcrest's 'dog in the manger' act
Jul 23, 2020 – 4.47pm
SolGold managing director Nick Mather says Newcrest Mining's decision to remove its board representative is a "dog in the manger act" and has signalled that he will resist a campaign to remove him from the helm of the hotly contested copper and gold explorer. Mr Mather angered his two biggest shareholders, BHP and Newcrest, when he opted to fund the development of SolGold's Cascabel project in Ecuador through high-cost debt rather than equity. BHP and Newcrest are not happy with Nick Mather's management of SolGold. SolGold's $US15 million ($20.97 million) loan from Franco Nevada carries interest rates of 12 per cent and was labelled value-destructive by SolGold's fourth-biggest shareholder, Cornerstone Capital Resources, which is now calling for a spill of the SolGold board over concerns about Mr Mather's management. Franco may lend SolGold a further $US100 million if it can travel to Ecuador to conduct due diligence at the Cascabel site, but the loan remains in limbo as pandemic lockdowns have prevented Franco from visiting the site to date. Asked why he preferred the loan to an equity raising, Mr Mather said he wanted to avoid a situation where BHP and Newcrest's financial firepower enabled them to dilute small shareholders and gradually creep towards control of SolGold. ''One of the valuable themes for small shareholders is a takeover premium and if you lose that, then you have not served your shareholders in the best manner,'' he said. "The board has got to look after the interests of all shareholders, not just a few of them.'' Mr Mather said the Franco deal also gave Cascabel a higher implied valuation than SolGold's current market capitalisation. Newcrest and BHP collectively own close to 27 per cent of SolGold and have long been viewed as likely acquirers of the explorer. But an increasingly frustrated Newcrest removed its representative, technical expert Craig Jones, from the SolGold board in June out of concern for the way the company was being managed, and Mr Mather said that decision would not help SolGold achieve its potential. ''Taking their mining guy off our board is a sort of dog in the manger act by Newcrest,'' he said in a reference to a Greek fable about spitefully denying things to those who need them. "Craig Jones is a block cave mining expert. If you are intending to help look after the future of the company, why would you take your block cave mining expert off the board?" The removal of Newcrest's board representative has come four months before BHP is unshackled from a swathe of standstill clauses that prevent it from exercising its muscle within SolGold, and as SolGold is mired in a messy stoush with Cornerstone.

Also, Cornerstone shareholders have an opportunity to be managed by a proper team with a clear sense of vision, not a bunch of pirates (not in the SOLG document, my personal touch!).

With the kind reminder that these technicals only describe the effect of collective price action, my latest read is as follows:
- the 20 EMA is crossing the 50 EMA, so short term momentum is definitely on the side we like
- the 20 EMA should cross the 200 EMA in 2-3 days if the trend continues
- 8th day of positive supertrend, seems like we are heading towards a longer bull run but we shall see how the next 4-5 trading days go to confirm, but basically all momenum indicators are pointing north at the moment
- the 23-24p range is just a tough one to crack on the way up, look at the chart, especially from 2018 onwards
- if we crack that, I think that 26-36p is the new range, with some bouncing around at 31p before reaching the top of the range
- we are repeatedly testing the downtrend line from the 29th April peak, so that's another healthy signal
- my personal calculation of the SOLG "fair value" at the exploration phase, so before PFS, is currently indicating 66.8p
- coincidentally, this target price is very close to the 261.8 EW extension projected as W3, but now I am perhaps reading too much into it!

Anyway, I think we are looking pretty good at the moment, pending news.
GLA

My take as a LTH.....
I bought into SOLG as explorer, not producer, but I am hooked in now with a good amount and I need to play along with the strategy even if I am not planning to wait forever.
I think we could have sold between 60p and 80p in 2017 if NM had taken a different direction, which would have spared us a lot of pain.

Rich3r, I am very much Italian, I committed all my sins in Italy before moving to the UK and I am not in the restaurant business!
How about you, is the name aspirational and you have three ex wives to pay for?

@RICH3R, make a guess about mine.....

Colonel, I might be wrong but I doubt very much that NCM woudl put a low ball bid just to see if they can trigger other majors. No major would react to that and SOLG would just reject the bid.
The only bid that will trigger other majors is one that looks credible enough to be possibly accepted by SOLG.