Member Info for TheItalian

He seems quite fond of SOLG and hopes to mimic our success
https://www.proactiveinvestors.co.uk/companies/amp/news/216869?__twitter_impression=true

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I think that "additional exit opportunities" just means that SOLG positions itself to maximize its corporate value and then the exist opportunity can be a number of things, as opposed to an explorer that finds the resource and then sells it and moves on, as the only possible outcome.
In other words NM only refers to increased optionality, not to having a sequence of exit points.
GLA

Ehy Pad, and all, where do we think an offer might come in, min/max?

I will surely forgive myself for daft posts that day if I finally get to a seven digit profit!

While it would be interesting to know why the animosity is so intense, I think that a better update schedule, for regional updates, drilling permits, and of course the PEA, would be far more relevant to help move the price. But I have to think that NM must be really determined not to sell and had been repelling the suitors, otherwise WI would have no reason to be so bitter.

And this is just because NM decided to not sell when it suited Warren Irwin? And decided instead he wanted to develop his company further to a higher value instead?

Happy to exchange notes, on the GGP bb

Good for you. I had an order to buy at 1.80 two days ago, only came down to 1.83, and next thing you know it's 2.4. There will be more opportunities, GGP is a trader's dream.

There will be a regional update, followed by the PEA, methink. All in the next 2-4 weeks.

Say something useful, don't antagonize the entire BB, and let's just be friends.

...hijack....spelling mistake.....

The equity market was created so that companies could be funded and could develop, and this is particularly true for SMEs. Allowing tools that encourage speculation (and you only need the ability to short and leverage) only permits financial players with no interest in corporate development to highjack corporate agendas and benefit at everyone else's expenses. I have been working in financial markets all my life, and even I think there are some excesses, this being one.
But this is jut my opinion of course, not really trying to convince anyone.

If you want the rules to change people may wish to sign the petition to ban shorting on AIM:- https://petition.parliament.uk/petitions/242399

If you want the rules to change people may wish to sign the petition to ban shorting on AIM:- https://petition.parliament.uk/petitions/242399

Thank you for the link, I signed it.
What happened to the previous 7 naked truths btw?

Mate, my post was in no way negative, by the way.

Well, we are in the land of speculation, so nothing can be called a no brainer.
NM is certainly playing his game to try and maximize the payday, however the fact that this fantastic offer we dream about has not materialized yet just indicates that there are still some critical milestones to reach before one or more majors decide to part with their own money to buy SOLG or ENSA or whichever part of the pie is agreed.
To that extent we could speculate that the PEA might be a catalyst, although we might need a PFS/DFS/BFS (we just don't know what will really titillate the majors), the acquisition of CGP might be a trigger of further M&A (but we don't really know in actual fact how much of an holdback the CGP situation really is), the arrival of one of the majors who has not shown their cards yet might be the catalyst to a bidding war (but we don't really know if the initial investment by Newcrest and BHP has pre-empted the opportunity for the others), the new mining law or the grant of the drilling permits might be the catalyst (but again we don't really have a measure of their relevance in the grand scheme of SOLG).
The only thing that seems clear-ish to me is that the share price describes a waiting game and the possibility of still too many outcomes, otherwise we would easily be priced higher.

@owhatanight, have you got a link to it by any chance?

WHILE WE WAIT FOR NEWS....
I was getting a refresher on the cup and handle pattern, and interestingly, based on the Investopedia description it looks like we tick all the boxes, and the article ends with the statement "The pattern has historically preceded large gains in many stocks"
We have to be one of those many stocks, right?
Happy Monday everyone!