Omars takeover code says they would have to pay highest price paid in previous 12 months.
Jumped in too early on Friday, but back in profit now. Hoping to sell this afternoon if it keeps rising.
I always think if a CEO isn’t willing to take a personalhone call from me it’s a red flag.
Muppet.
If there’s one thing I know about rubber.... it bounces.
Ok, I’m in. 1103.5.
Hi HigherRating.... understand the point you are making, and it’s usually wise to strip out one offs, i.e. income that is unlikely to be recurring, and I think you are correct, that’s why the drop.
My counter view in this instance though is that as far as vaccines are concerned, they are very likely to be a growing area in the years ahead. My instinct is to buy or add on this drop, but I’m often wrong about these things!
Solgold have estimated a lot of things. I’d take that with a pinch of salt if I were you. Typical lifecycle.... you’re saying 9 years from discovery to PFS (i am, perhaps foolishly given their track record, assuming the PFS will be out in 2022) then a mere 4 or 6 years to design, build, test, prove, finance, resource and get the mine producing? Seriously, that’s your view?
Rcgl2... if average from first discovery to first metal is 14 years..... remind me again when we made that first discovery? And how close, in your expert opinion, are we to first metal?
Some of us armchair experts can count. And google. And have done this before. So patronise all you like.... Solgold is proceeding with Cascabel at an absolute snails pace.
Well said Sean. There a lot of BS on here. I have held for 11 years now, and my average is just under 20p..... and it’s only that low because I managed to go against a lifetime of investing and average down via a trade in and out shortly after the last capital raise, buying at just over 21p and selling that tranche at around 33p.
Cheeky top ups my sharny a***
Well, having taken some time to digest and try to understand what the letter means, confess to not really being sure whether it’s a good thing or not, but here’s what I have concluded. Usual caveats, DYOR etc, and be aware I’ve been wrong more often than I’ve been right with Solgold.
I believe I am now in the position of having to support a board I’ve got precious little confidence in, in order to preserve my investment, and ensure it realises its true value sooner or later. In all likelihood later, given the track record here. We’re I to revolt against the current board, I would, in effect, be paving the way for a lowball takeover by BHP. Whilst part of me has had enough here, and just wants out even at a much smaller profit than the assets deserve, my sheer stubbornness won’t allow it. I’m in for the long haul. So I’ve therefore decided to support the board, NM et al, but can’t say I’m happy about it. It’s their sheer inability to progress anything on time, and provide meaningful and clear communication for years that has led us to this point. On the plus side, surely this fires the starting pistol for the end game.
Colonel... above all else, Lasso wants the income stream extraction will produce in order to implement social reform and populist policies which will pave the way to reelection. And he needs it quickly. Before the next election. Should the Mirador mine prove an ongoing success he won’t hesitate. The Chinese have already proven they are capable of delivering (on time). Something which sadly we are struggling with.
Agree with most of the positivity around this, and the BNY Mellon purchases on behalf of US investors. However the x10 bit is stretching it, almost to the point of ramping. Perhaps if the share was in the £50 region I could see that, but it’s 74p. Multiples of 10 makes any purchase - potentially - £6.66 bigger than it otherwise might have been.
This share is very possibly the most solid in my portfolio. Really a put away and forget one. However, from time to time (like today) there does seem to be some pretty significant price swings on no news. This would seem strange for such a reputable share which is (I believe) unlikely to feature in the sights of day traders. So what gives? Not concerned, price always recovers, but I do find it puzzling. Any ideas anyone?
Anyone who invests in an explorer is taking a punt. Therefore, any investor on here, who held Solg shares prior to the big hit in Ecuador (think it was hole 5 in Cascabel, but please correct me if wrong .... whichever hole it was, it was around 10 years ago) was both excited, and delighted, to have seen their initial analysis proven correct, and thought they would see some pretty rapid profits. To be fair..... they did. But only if they sold on the SP rise that hole initiated. If.... like me.... you were of the mind that this was potentially that once in a lifetime stellar opportunity to really make some serious money, you didn’t sell. You held, because if, like me, you were prepared to hold for the longer term ( I.e until a major bought us out, or the copper and gold started coming out of the ground) there were much greater profits to be made. However.... since that stellar drilled hole, this whole thing has been a complete cluster Fock. Badly managed, and the only people making money here are the well paid board. Don’t get me wrong. I’m holding until the end game here. Doesn’t mean I’m happy about it.
DBW. Re it not coming to pass.... I still agree. However, I’d say a year ago I was 90% certain, it’s now probably 75%......and falling by the month.
The majors should... in my view.... be keen to prevent any more Franco Nevada type deals diluting their potential future margins. Yet other than moaning a lot, and forcing NM into the background via shareholder revolt, they’ve done little to prevent it.
DBW fair point.... but anything designed to get Solg appear to make progress to any kind of plan gets my approval. In truth, their ability to meet any kind of self declared milestone has been shocking, progress to their own published plans has been glacial, and its constantly had a negative impact on SP.