RE: Chinese takeaway11 Feb 2026 17:05
Smicky - no doubt you'll be one of the 50 banging on the windows to be let in, while the shakers and movers look out and feel somewhat sad that you've spent your last fiver catching the No6 to tinseltown to shout at them.
The serious bit - cast your mind back as far as June 2022. Ring a bell? Yep - that's the last time this stock hit 28p. Almost 4 years ago.
Not sure what your time line is/was but I have been here since 2013 and still waiting........
Since then, we have had musical chairs in the BoD office and very scant results from the 'coal' face.
Cash has dwindled, the country continues to destabilise and the development of this mine seems forever a distant speck on the horizon.
Of course NONE of us here either knew that OR (probably the truth) stuck our fingers in our ears and mumbled " nearly there".
Only now when the cards are on the table (chinese) did some of us dig deep, way deep and realise the challenge for Danny boy was enormous. It started with the 1200 staff dwindling to 200, Resource statements spaced ever wider apart, directors arguing and being replaced....and so on.
So I saw why Danny has done this (as much as I wished otherwise) and came to the conclusion Solg has run its course. RiP.
Yes - I would be angry if I had lost money but hopefully, like others (not all) I walk away with a reasonable profit.
Was it worth it - of course not, was it blindingly obvious - of course not! But I swerved a bullet this time.
I leave all those who say/said NO to this vote:
Be very careful what you wish for guys.
If this takeover is cancelled/rejected and there is no other bidder - this stock will plummet. And this is BEFORE Danny boy then has to go cap in hand for cash to prop Solg up. This would only mean one thing: MASSIVE and I mean massive dilution. The share price will fester for god knows how many more years.
Bite your tongues and move on.
Z
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