Member Info for ToS1963

That £325k placing is just bizarre though. Who goes to the trouble of a placing, at such a low SP, to raise enough working capital for a couple of months? It’s puzzling at least. I am, however, heartened by today’s buying. Perhaps some folk know more about things than I do.

HfH..... I too am certainly hoping to see that, although I’m perhaps slightly more sceptical around the dates. They’ve stated Q1... or perhaps even early Q1, so given their track record I’m hoping for something around Q3. Or for us to issue another smoke and mirrors RNS rationalising a further delay. But something has to happen soon.

Copper price up over 40% in the years since we discovered it. Solg down 80% in that time. So, for the millionth time Red, stop banging on about the price of copper and gold as though it has any relevance here. Can I remind you, once more, that we don’t own any gold or copper. The Ecuadorean state do. All we have is a discovery, and the license to exploit it. Now if we were, say, to provide the market with a credible and funded plan to extract those resources, our SP might just start to rise. Further on, if we were to actually start extracting the stuff, then you might want to start paying attention to those metal prices you’re so fond of. Until then, please, can you just stop it? All you’re doing is adding to the frustration here. We all know what we’ve discovered. What we need is a clear strategy to benefit from it. Which, to date, has not been forthcoming.

Wow, the bashers and shorters must be really bricking it.

M007j.... I would assume so, therefore TR1 today or tomorrow?

Red, the somewhat obvious answer and explanation for your incredulity is contained in your first sentence.

“will commence mining this quarter”

It’s the difference between a miner and an explorer, it’s the valuation difference between precious metals and a load of soil, it’s the difference between a clearly viable and funded mine and a mountain in the jungle, and it really is investing 101.

For the umpteenth time.

This chat board is about as pleasant to read as SOLG is to hold.

Trouts yes, tried them all, Singleton not as peaty as the two you like. If peat is your thing, try Laphroaig (if you haven’t already).

On DGE, I think many of their brands are in danger of rapidly losing market share because of the transition to more premium brands, despite there being a cost of living crisis. Gordon’s, Captain Morgan, Smirnoff. I’d like to see a heavyweight like Diageo trying to sweep up a few of the smaller players, like DIS and EISB, to expand their brand portfolio. To my mind a much better use, in the long term, of their financial clout than share buybacks.

The combined annual salary of the CEO and CFO is roughly £325k. They’ve bought themselves another year.

Grim news this morning, and I’m angry at the timing, and the paltry amount, and the chunk of the company gifted away at our expense. If we have burned through over £2 million in such a short period of time, how long can this be expected to last? At least, I suppose, it might pay the directors salaries for another few months. Cowboys. Well, this has become a put away and forget about it mistake, no point in selling now at these levels. You know the risks with these types of punts, but surely we could have put out a promising trading statement to try to at the very least raise capital at a higher price.

Not an overly meaningful question regarding a junior exploration company. Assets v Liabilities more meaningful, main assets being our licences and the Cascabel discovery, and significant part of the liabilities being in the form of off take agreements, so no gold, no copper, no fee.

Bozi

Can’t disagree with much of your post, to be fair. Save for the fact you state I’m bearish on Solg. Embittered, jaded, yes, but at Sub 8p, given the value of the resource, I regard it as a great investment, albeit a risky one. Sadly my average is around the 20p Mark, so I’ve a way to go to break even. But daft £1.20 suggestions do get my goat.

And auto bots, as you insist on calling them, are merely Automated Tradig Systems, algorithm based, used by traders. Each automatic trade still represents shares, and an auto buy or sell has exactly the same impact on the SP as a manual trade. Complaining about automatic trades is the modern day equivalent to complaining about trades that don’t involve paper certificates changing hands. A trade is a trade. Get over it.

You can either believe Red, or alternatively, DYOR by simply clicking on the Solg Trades button above, and scroll down, to see if what he says is true.

BBG if I checked in there weekly over the past 5 years, I’d have checked in 260 times, and seen my investment shrink by 80%.

But clearly, as I have an alternative view of this debacle to you, I cannot be invested.

Fantastic Orthern, a project plan I remember well. So by now we should have constructed the mine, and be commissioning it...... hmmm. Funny how that plan has disappeared from the presentations of late......

The phrase be patient would be a lot more palatable, and the SP more robust if this company stopped continually promising and publishing deadlines and key milestone deliverables which it subsequently not only fails to meet, but regularly just then either ignores, or pretends never existed, in the hope that the market would forget. The market never forgets which is why we’re sub 8p and falling.

But all of a sudden, a £1.20 sale price is nailed on. Some great investing advice for the newbies there.

Https://www.rns-pdf.londonstockexchange.com/rns/8119N_1-2020-5-22.pdf

Love this bit

these studies are scheduled for completion by the end of 2020 for the PFS and early 2021 for the DFS.

Pwlx - thanks for the clarification. The price concerned me!