focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Hi all, been away for quite a while. To save me scrolling through pages and pages of arguments, can anyone tell me how the mine build is coming along? Have we been hitting all those milestones?
Or are we in the exact same position we’ve been in for years, save for the fact we’ve now sunk a shedload more cash?
Held this several years ago, but took my profits too early. Have been keeping an eye on it, hoping for a good opportunity to get back in. Think this drop is overdone, so am back in. Viewing as a long term hold growth opportunity rather than a quick trade, as I don’t see a rapid rise back to previous highs.
Still well underwater here, but happy to hold. Keeping the faith.
No, I haven’t lost my belief.
I sold 10% of my holding at 39.95p. Wish I’d sold more, as I believe I could now get them back at 25p. Even if I’m wrong, under 30p is available now.
Having been a holder since 2011, yes, I can’t bring myself to share your enthusiasm.
However, as George Galloway once said, I admire your indefatigability.
Don’t think anyone mentioned 10p.
RK you ask.....”Where is the logic in trashing the share price to start the drills going, so that when the results emerge they impact a much lower share price...”
I agree. 100%. But isn’t this EXACTLY what Solgold have a history of doing? Have you forgotten my ire, and the abuse I received on here the last time? I confess, the rose tinted spectacles you appear to wear as far as Solgold is concerned are a little tiresome.
AST
Sean... no disrespect intended, but that’s exactly the sort of post I saw on here prior to the last placing. And the one before that. And the one before..... you get the idea. And frankly, it’s nonsense.
Of course I don’t want the SP down at 25p. That’s a ridiculous assertion. I didn’t want it sub 30p post PFS either, yet here we are.
But do try to be realistic. What chance an imminent placing will be at 32p, or 36p, or whatever, if the price today is 10 - 25% below that?
The amount of posters on here who seem to believe “market makers” just set whatever price they like, irrespective of market forces, supply and demand etc, purely to mess around with holders of shares, and in particular Solgold, is breathtaking in its naivety and paranoia.
Fairly certain there will be a placing before the end of Q3. In the absence of a bid, there has to be in order to keep operations going. Equally certain it won’t be at anything like 32p. Look at the SP for heavens sake. My best guess would be around 23-25p. Which.... unless BHP and NCM gobble them up.... we will be lucky to get through. .
Offloaded 10% of mine at 39.95p. Just to Derek’s in the event we retrace, as we have done on more than one occasion, and I’ve regretted it. This time feels different, and with the imminent PFS it should be. But that’s my decision, and I’ll live with it. FWIW I’m at the stage of life where I’ve moved the rest of my shares into decent dividend payers anyway, so bought WIX with the proceeds. That’s not a recommendation by the way! Watch Solg fly and WIX plunge now!
With this reaction, I reckon every three months we should announce we are releasing the PFS. Oh wait a minute..... we have.
Just jesting. This is far more like it and a long time coming. Well done all LTH’s for sticking it out.