Member Info for TheItalian

Many thanks.
At this rate it might take a while to build a decent position!

We are all here to make money, learn something new from each other, and have some good time together even if it's all virtual.
This BB is very enjoyable and has helped many of us to achieve better trading results, so let's keep it going in the right spirit.

Not sure swazers, you are more verse on this pattern probably since you feel very strongly about it, and I think I see the pattern you describe, but then the trough on the right side should be much much lower than 16p, more like 10-11p, which these days is as possible as seeing 40p on the upside but seems a bit unlikely.
Are you basing the neckline on the lower part of the channel you put on your chart?

Ahhh, mine is the 200k trade (partial of a much larger order submitted at 08:00). I don't see it here though, isn't that weird?
Thank you.

I really did not expect liquidity to be so bad, I have been waiting all day for confirmation
Today I got a partial fill, and weirdly I don't see the trade, only 5 are reported and mine is not there.

.

DartFrog, in general, as I understand, exploration companies can be valued at any point during the lifecycle of exploration to production in a quick and dirty way by using a dollar value per unit of resource, which in my spreadsheet I keep as follows:
Exploration: 0.05 USD / Pound Cu
Feasibility: 0.08 USD
Development: 0.25 USD
Production 0.31 USD
Of course you can massage those values if you find better benchmarks.
Right now, I value SOLG in exploration stage between 50p and 55p, so a good buy at 20p.

Then to your question, in my opinion it depends on the probability you allocate to reaching any of those milestones and the relevance of time in your investment strategy. 40p very likely within a year may be worth more than 400p much less likely in 10 years, but that depends on your appetite.
Good luck for your investment.

https://www.sedar.com/GetFile.do?lang=EN&docClass=13&issuerNo=00043090&issuerType=03&projectNo=02649566&docId=4148457

ssmith_trade, I was under the assumption that while Cornerstone can be bought, no one can buy Cornerstone's 15% share of ENSA without SOLG's approval, SOLG having a right of first refusal based on the 2017 agreement. Is that not accurate? I am not informed about the change of ownership clauses in the SOLG/CGP agreement, but given NM's machiavelian attitude I would not be surprised if SOLG had ringfenced ENSA against the possibility of a CGP takeover.
Anyone knows better?

Thank you moneybags1, very informative.
I am not sure how to read it, TM had a lot to say but all the outcomes seem to be still open, we don't know what the Aeternum offer will look like, bureaucracy is a massive pain, and we don't seem to have a string of buyers knocking at our the door. Interesting the comment about possible offtake agreements. My take is that nothing too exciting is coming our way at this stage, so TM could only report some progress but no real breakthrough. Kind of more certainty of pain in the short term for a possibility of gain in the long term.
Any alternative views are welcome, I am still undecided as to whether upsize or downsize my holding.

I am a Napoli supporter. I suppose I won't get any sympathy here?!

@swazers, most of the obvious technical indicators are pointing to a weak trend in SOLG's share price.
If you were trying to offer a valuable contribution, you fell short (don't mean to be rude).
If you were trying to look smart in your deramping, you have been clumsy.
If you genuinely think that the price can fall lower, sure, given everything happening around SOLG, the price has been pushed higher and lower depending on how close the company might be to a corporate event, this is just another one of those movements, and depending on market sentiment it might hit 18p, 16p or 14p, but so equally the right good news will push it to 30p, 40p, etc....
State your agenda, this is a fairly tight and transparent BB.
Cheers, TheItalian

Perhaps due to inevitable caution, the market seems to be weak both in price and in volume.
My take is that the presentation is not about something conclusive in either direction, otherwise an RNS would have been necessary. But since we need positively conclusive news, the lack of it will keep the price weak for now, IMHO.
GLA

The way I look at it, like for any other investment, any price target carries a probability, which is best an educated guess.
Given how non-linear the price action has been as a result of everything that has and is happening around SOLG, at this stage I only feel confident enough we can see 40p (90% for me, or 36p weighted), I see a reasonable chance of reaching 55p (60% for me, or 33p weighted), I see a possibility of reaching 80p further down the line (25%, or 20p weighted) and ultimately aim at 150p or higher (5%, or 7.50 weighted).
With those subjective odds in mind, while my odds-weighted target price should be around 96.50, which has to be considered also in terms of time, not just price, the highest odds-weighted price is 40p*90% = 36p, so until I see that in a stable way I don't even want to dream of higher prices.
But each to their own, that's me, I hope the £1+ valuations materialize soon enough.
GLA

Perhaps a combination of low volume, waiting pattern, and the consideration that the price has been above the 20 day EMA since the beginning of April and might need to breath a bit before resuming its course, up or down depending on the direction of the breakout?

Thank you, my wife will be delighted that the more bottles invade the Italian kitchen!

I need to try it, any preferred vintages?

Thank you

Something smells

And perhaps the price has been crushed just so that the right people could buy.
But then the price is king when investing, so I bought another 200.000 shares in the afternoon.
Funny games these days.....