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To reiterate the point about bad sentiment. First 2 minutes of the interview.
I concur with BBG, this could be the first of a string of RNSs leading to the AGM, and if that's the case the first RNS would not be the strongest update.
Still, always good when the company bothers to tell us something.
I might be wrong of course, but I think that the big noise made on this BB will just result in a non event at the AGM, which will run rather smoothly and with no particular surprises. The company will continue along the path it has explained, comms will still poor and at best ambiguous, and PIs will be left to just wait as usual. But I see that as inevitable and almost desirable since we are on the receiving end of whatever resolution SOLG will get to, sale, JV, else...I really don;t see an alternative to letting the new cast go on with their job.
Now, if Bob really wanted to impress me with a £2+ sale, I would love one of these...https://www.cnbyachts.com/en/yachts/78/
One can dream......
Yep, the new Beneteaus are pretty cool and sportier than the previous models. If you buy one of these you might just need to get some of the systems rewired and refitted as Beneteau has cut corners with the things you don't see.
When we were dreaming of £1+ sales, I was thinking of one but realistically it's not going to happen.
Would you use it in Australia or the Med?
ROC(40) is also negative but has been showing good vibes in the last few days.
Supertrend still absolutely bearish with a strong negative bias.
SAR(0.02,0.02,0.2) is the only positive signal, which I would read in sync with the ROC(40), so possibly indicating some short-term upward move. Even if that's the case I doubt it will be a big move.
EMAs still heading south but the EMA(20) seems to finally slow down its fall and might eventually meet the EMA(50) by the end of the year.
Best guess and I hope I am wrong, nothing material is going to happen to the price until at least Mar-May 2024.
MOG, thanks again for the useful post.
For those who don't speak Spanish, the interview is basically the demonstration that we need to worry more about Ecuador's convoluted politics and sensitivities, than SOLG's management.
@Eloro, about your comment about the Godfather, A) it wasn't me, and B) it's a completely inappropriate undertone and bad taste on your side.
Thank you Mog...and we were discussing sentiment just a few minutes ago, what a coincidence!
Even though I am les rampy than Red, let e add a couple of factual points to support his general argument.
1) I asked Scott specifically whether there was any chance that they were being too greedy, hence the lack of bids. He said he completely agreed with Nick's view about the value, and they were working to advance Cascabel exactly to make it a turnkey project with the NAV as a benchmark. Now the assumption we can make, but that is an assumption and not a fact, is that indeed prospective buyers may have been dissuaded from bidding low because they were not going to get us, but if that was the case then equally we should conclude that management still feels strong about the prospects even though they cannot tell us in a form that some of the PIs here can understand or appreciate.
2) Investors in this sector, even the half wits, should be able to understand the share price in the context of the general market sentiment. For example, all my "junior" portfolio stocks are down YTD, from -22% to -77% even if most of them actually made some operational progress. The same stocks between Q4 2020 and Q1 2021 were on average 200% higher. Now these are facts, and so is our choice of when to buy and sell and if we bought 200% higher it's not the management's fault. I have commented in a previous post that just based on sentiment returning positive, SOLG would be worth 20-22p, not guessing but actually studying the correlation with GDXJ. Sentiment is an externality and many obviously don't understand it, in fact if the price today was 22p we would each still make exactly the same comments.
Personally, considering the shape and levels of the cup and handle starting 2011, and the fact that inflation has simply not been factored in the price, I would not bother commenting on gold unless the price goes beyond 2200.
Forte, come one man, anything you have to comment on, just bring it on with Scott instead of just spreading misinformation and misinterpretation here. You were a much more respected and enjoyable poster to read, but recently you have become incredibly unreasonable.
I for one would love to see you in your previous form.
If you had bothered to engage the company instead of people you don't know in an anonymous BB, Scott would have told you that the feedback from the data room is that we need to advance the project in order to make Cascabel palatable to investors (what he called the "turnkey" project), as in getting the permits (not made faster by the change of government) and repackaging the project at the right size in order to make it easier to swallow for investors (hence the new phased approach that is in progress).
Of course the repackaging can be read, or not, as an attempt to lure tier 2 investors or negotiate other streaming-type deals, as opposed to selling to tier 1 miners (like BHP) who would only pay at heavy discount to NAV to take on board such a huge project.
Eloro, my young friend, once again you show how inexperienced you are as an investor. Genuinely, if I were you I would seriously question myself and my way of understanding the companies I invest in.
I don't mean to patronize but that was a very unintelligent post.
For one thing, instead of ranting here, I have emailed Solgold asking for a clarification about the rationale for resolutions 10,11 ad 12, the intended use of the funds and a good reason for existing shareholders who would be diluted in case of capital raise.
Let's see if they answer.
I seriously think you should all email them asking similar questions, prior to the AGM, which might be the only way to make them aware that there is an unhappy group of shareholders.
I am having a dense moment, not sure what to make of this
I think we are "almostdone"
By the way, given the BB anonimity, don't you all wander what we look like in real life?
I for example have a mental picture of some of you, hopefully one day if we finally sell and wish to celebrate in person, we will see what our rampers and derampers look like.
@Mathersfinger, I am pretty sure that my screen has more green than most, even if it's not enough.
I don't mind the usual suspects at all even if 80% of the time I disagree with the excessive ramping or deramping or fantasizing about this and that scenario.
But I do mind the constant bickering, that one says more about the writer than it does about the receiver, and it's ultimately completely useless.
Anyway, I said mine, have a lovely day everyone, one less day to go until we know if SOLG will make us win or lose money.
GLA