... and of all the ways to raise cash quickly, they seemingly chose the worst. Enough to get by for a couple of months only, at the expense of the SP and shareholders. It was short sighted in the extreme, and the corporate equivalent of a payday loan.
Top locks, you are correct, directors move on all the time. However, when your CFO moves on, unexpectedly, it’s almost always negatively perceived by the market. Coming hot on the heels of a ridiculous, miniscule cash raise the timing is suspicious, and couldn’t be worse.
well the solg thread has taken a bit of a turn tonight! personally, i’m a total atheist. if any god does exist, i don’t think he or she isn’t someone i’d like or respect. they’d have to be a bit of a **** really.
HfH I know I come across as a miserable old so and so on here, but I always try to be mannerly unless seriously provoked. My hopes here are very much aligned with what is in your post, so I certainly won’t be reacting adversely to it. My hopes along these lines have been dashed so often here, that I’m more in the “I’ll believe it when I see it” camp. Fingers crossed.
Look, BBG, and Red, you’re clearly both in a very big hole here. Most of us are, and under normal circumstances, being a nice guy, I would sympathise. But I’m just so very tired of the way you both react to your situation and circumstances. Ironically, the constant d1ck waving about your holdings, your salary, your misuses holdings, and questioning of others integrity just makes you both sound as though you’ve gotten yourselves in deeper than you can afford. So rather than offering me £1k that I really don’t need, use it wisely. Get yourself a wee holiday or something. Incidentally, I earn nothing. That’s £0k per month, or year. As if it’s any of your concern. And I, unlike you, could readily afford my to date misplaced investment here. I don’t need the money.
Is that £10k worth at today’s SP?!?! LMFAO
Ok Italian I hear you. I understand the impact of metal prices, particularly in regard to valuations for our forthcoming feasibility figures..... but daily updates on the Cu and Au prices which we can all readily find?
Cc... can you explain your first paragraph? I can’t make head nor tail of it. Shake out a few what?
BBG, 9th September, 2018. Yes, OVER 5 YEARS AGO!!!
Solg will go in its entirety, it’s just a race against time. The more drawn out, the better for NM and us shareholders. I will be surprised if we are still about this time next year. I believe we have max 3-6 months to go. I’m happy for anything between £1.00-£1.50
BBG, on 14/10/2021, when the SP was well north of 20p, said this.......
I absolutely believe NM is shopping around both a high level PFS and BFS (both in draft format) to financiers in order to understand where they sit re financing the project. This would be part of their defence strategy to defend a low bid.
I also believe that BHP/NCM are not very happy right now....
Chess game
I’ll let you make your own minds up regarding the integrity of BBG, or those he claims are uninvested bashers of the share.
I’ve held since 2011, and yes, am very frustrated. But to suggest I don’t have an investment here is frankly ludicrous, and it’s just puerile to filter or abuse anyone who disagrees with your rose tinted view.
Https://wisdomproject.substack.com/p/confirmation-bias-why-we-live-in
Yes, BBG, because FN must be so delighted with the fantastic use we’ve made of the £100-£150 million they chucked at us four years ago for the feasibility study. That net smelter return on their investment never looked rosier.
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.