Member Info for TheItalian

I am surprised actually that BHP could top up at market prices instead of the original 45p, I don't see much sense in it. Couldn't SOLG sell them ten full amount at 45p?

@schlemiel, L2 is appreciated.
At what price are the cappers? Still 45p?

Yep, done it, up 80pct mostly thanks to SOLG. Great idea if you can afford some money there.

when one of these days the price is 61p, the options are exercised, are you going to feel less happy than today with the price at 39p?
I really won't, whether or not the price subsequently goes higher or not.
Let the employees get their reward if a 10% dilution delivers a 60% rise.

Don't forget that while SOLG are working to keep suitors at bay, they are also working to make the resource more attractive for them so the numbers must be right and that takes extra care, and preparing the update MRE and the PEA in order to organize the conditional funding that was discussed.
In that mix there might be some NDAs in place slowing the pace, in case some conversations with the potential suitors are indeed taking place in the background.
So of all things SOLG will be more interested in getting the most appealing numbers out than rushing any information out of the door.
IMHO, DYOR.

...that if Alpala has to be built and NM does not sell, we will be here for a few more years debating the ups and downs of SOLG's price before we can cash in. Then maybe we cash in bigger, but it seems to describe a scenario where there is more long term upside for SOLG to keep ownership. Methink...

Some BBs are more addictive than others. I def don't spend much time in PANR GGP GLR PREM, while I always found SOLG more engaging, certainly due to a core group of contributors who have indeed contributed to my knowledge and wealth, and I thank wholeheartedly. GLA ans happy Sunday.

One aspect we should all be able to agree upon is the 2 years clause sets the clock for the very latest date by which the big number will be achieved. Until then, I think there is only upside from here.

There is only one big buy we really need, and it starts with the £ sign.
Fingers crossed!

May the Lord bless us all with the gift of market foresight!

The mindset of someone who has been given stock options in exchange for work is the not the same of someone who speculates on the price. Most people who exercise stock options tend to lock in the profit and just cash in.

He he AK, we would all love that!

Lotto you are correct, the 100m were already accounted for.

If you can believe a bot and want to feel good about investing in SOLG...

https://lse.swingtradebot.com/equities/SOLG:LSE
https://lse.swingtradebot.com/equities/SOLG:LSE/trend-table

Long term seems a fairly safe bet, in the very short term it will require a few ups and down before we get to the dream price. One of the charts that BNC kindly posted some days ago gave some perspective of where we might be in that process.

Whatever tool you can use to find patterns, brings order to the apparent chaos of share price movement, and everything moves in waves of various degrees. So if you can use more tools and especially if they reinforce each other, I don't see the point of discounting one or another. If you make money without Elliot waves good for you, you probably don't need further enlightenment.

Agreed. Prices breath as buyers and sellers flow in and out.
We have seen some relatively mild retracements and extended surges, which in the context of the SOLG macro picture indicate an overall upward movement and a vastly derisked situation for investors.
For those nerdy enough, please note the last price movements (as per Yahoo finance):
from 20.50 to 29.30 (+42.95%)
9.9% retracement to 26.4 in one day, followed by
a 406.7% extension to 38.20 (close enough to a 423.6% fib value in my book), followed by
a 22% retracement to 29.80 (close enough to a 23.6% fib value), followed by
a 181.50% extension to 45.05 (close enough to a 161.8% fib value), followed by
a 19.53% retracement to 36.25 so far (but still close enough to a 23.6% fib value).
If 36.25 is the bottom, then the next extension could bring us around 47.45 (if 127.2%-ish) or 50.49 (if 161.8%-ish).

Just playing with the numbers trying to find some order in the waves. DYOR of course, and good luck.

Thanks. I say it as I see it and have no hidden agendas. This and other BBs have been very helpful and I have benefitted greatly from some contributors.

Monte we all trade in the way that suits our mindset and risk appetite the most.
I think that SOLG actually has some relatively predictable patterns, especially around fib retracements.
I just made 5k (in a 6 days trade) looking at retracements, and sadly just missed on a 29.65 top up that would have made me another 10k.
While I am vastly long on my main position here, I still see short term opportunity, and while I am not looking forward to more retracements, I am watching the space between 30p and 36p, just in case we have a final move down before we break the previous peak and head towards 55p-ish.
Just my thoughts, feel free to disagree.
Good luck everyone.

indeed

I wander what happened, there are no news...