Member Info for ToS1963

Sorry BPHIL, but over 30 posts in a week telling us what the price is when it’s at the top of the page serves no purpose whatsoever, and only serves to clog up the board with useless drivel.

Well.... I’m in here...... anyone else?

RK, if, as you say, you have filtered me, you probably won’t get this post, but in case you have held back on pressing that button, here goes.
My last post did not mention you by name, however you correctly assumed it was directed at you. It was meant to be a lighthearted critique of you recent posting history on here, but I agree, it was slightly barbed. If I’ve offended you, I apologise.
However, there is a serious message here. Please, for your own sake, and health, try to obsess slightly less on this share. It can’t be good for you. It’s a beautiful day. Go for a walk. If ever anyone needed to sell down part of their holding in one share, it’s you. I suspect you are in this well over your head, and are absolutely desperate for a profitable exit. You’re right, that may be just around the corner. But, as bitter experience here has taught us all, it could still be years away.
There are better was to spend your time (and money). You can’t take it with you.
Best wishes.

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.

. Which was subject to numerous conditions, was non binding and valued Solgold at less than the then share price of 19p. So to paraphrase Fred Goodwin, not so much a bid as a drive by shooting.

Their not there.

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.

Me too. Think this drop overdone, got in for just under 85p, more of a speculative trade than a long term investment. Target price +33% £1.13. Fingers crossed......

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.

I’ve only been here for 12 years, so I apologise and bow to your clearly far superior and extensive research.

That “offer” you speak of has been “imminent” according to these chat boards since we announced Alpala hole 5 results. On 30th January 2014. Getting on for 9 years ago.
DYOR.

You finish that post with dyor? Seriously?!? LMFAO.

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.

Fortissimo.... “drop the sniping and aggressive reposts “ here here. Although I think what you ask for is unlikely, It would make for a far more readable and informative chatboard.

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.