Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
It’s just another day in the Solgold journey, towards whatever the outcome may be. Shock horror, one is able to buy or sell shares on the London Stock Exchange. I don’t need twice hourly updates on this fact, nor do I need what is supposed to be an informative chat board clogged up with seventeen guesses each day on the intention of each significant shareholder.
BNC... in response to my post you’ve put “made it up” in quotes, yet that phrase doesn’t appear in my post. Now that may sound pedantic, but it’s really not. There’s a fundamental difference in me pointing out how posters on here have been continually inaccurate in there predictions of a bid for 9 years, and me accusing them of making things up. This first point is accurate and true. The second point was one I did not make.
Lots of the regular posters on here have been stating an offer or bidding war between majors was imminent..... since 2014. Not only for a couple of years. Yet here we are. Nearly 2023, and not a dickie bird. Initially it was after hole 5. Then it was going to be when the shackles were off BHP. Then they were waiting for the election results. There was also a time we we waiting for the outcome of a court case against mining in Ecuador. Then it was to be after the PEA, then the PFS....... it’s been interminable, painful, and loathe as I am to say it, so far the only person who has been consistently correct was Quady. But even he must admit that now that the project plan to build a mine has been surreptitiously swept under the carpet and removed from the website, we are drifting aimlessly without direction. Strategic review being the latest Solgold brainwave to deliver shareholder value. I’m not holding my breath.
LILO I confess I am not invested, but looking to buy in t this sort of price as research telling me that recent drops may be overdone, however isn’t the obvious answer to your question the fact that they will have to service the increased debt, in a rising interest rate environment, from reduced income? That’s why this has dropped, and that’s the clear investment risk going forward. Reducing expenses and overheads will help, but they can’t do that with the pre existing debt.
Wait...... are you telling me buys and sells are matched on the stock exchange, and it isn’t those pesky market makers accumulating a shedload of shares in every FTSE company in order to manipulate the price of each and every company in order to screw us poor investors?
Other traders and investors are on the opposite side of a transaction, not usually the broker. To say "everyone is selling" is usually an erroneous statement, because in order for transactions to occur there needs to be buyers and sellers transacting to create trades—even though those trades may occur at lower and lower prices. If everyone were to sell, there is no market in that stock (or other assets) anymore until sellers and buyers find a price they are willing to transact at.
When a stock is falling it does not mean there are no buyers. The stock market works on the economic concepts of supply and demand. If there is more demand, buyers will bid more than the current price and, as a result, the price of the stock will rise. If there is more supply, sellers are forced to ask less than the current price, causing the price of the stock to fall.
For every transaction, there must be a buyer and a seller. If the last price keeps dropping, transactions are going through, which means someone sold and someone else bought at that price. The person buying was not likely the broker, though. It could be anyone, like another trader or investor who thinks the price offers an opportunity to make a profit, whether in the short-term or long-term.
The more shares we gift away at this level, or the more future royalties we sell, in order to create “competitive tension” the more we erode the value of our share in any future bid or mine. And.... the bit that really sticks in my craw.... the longer it takes, the more of this money being raised is used to pay the salaries of people who are creating absolutely no additional value to the already known assets of the company. But hey ho, why not get another set of consultant “experts” in at exorbitant cost to advise us how to do our jobs.
Another day in Solg, yet another dilution, further eroding the value of our stake. No further exploration news, no details on the long forgotten mine design or build, and no sign of a bid.
Clueless, directionless, and treating shareholders like mugs.
Snuggz & Orthern....... 100% agree with both your points. This company has been directionless for years, ate in delivering anything, and now seems clueless as to how best to realise value from a Tier 1 asset. They have alienated all their shareholders, large and small, and the market has no faith in them. Yet as Snuggz points out, they continue to draw fat cat salaries, and pay for these by first asking the long suffering shareholders for more cash, and then selling off the asset small piece by small piece.
We are not holding all the cards, nor has anyone played a blinder. Sick of hearing that. We are, in effect, in a position whereby we either
a) Sell off future value tiny piece by tiny piece to pay staff and keep the lights on
Or
b) Go cap in hand back to our long suffering shareholders and ask them to further dilute their holdings to pay staff wages and keep the lights on.
Neither option is beneficial to the small shareholder, and meanwhile BHP and other majors can, as they have done for years now, just sit on the sidelines and let it unfold.
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?