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Id like to see another Major miner, getting involved with SOLG, Rio or AAL , both have great presence in Latin America,
im sure they would have taken a look at the DATA
What's your forecast today manchild.
"Onwards and upwards"
Roxi.
I think it's a safe bet that they have indeed had a look already.
The issue seems to be that prospective buyers don't like what they see.
Be happy to be proved wrong, with any evidence to the contrary
Have you any proof they have taken a look, or is it just another one of your assumptions?
Rio would be the most likely, though they have a great asset currently being block mined in Mongolia.
Roxi, you don't need proof or evidence to post on here.
There just an inconvenience.
Roxi. If you want to know what's going on, you could do worse than ask bbg or help for hemo.
Blind faith gives bbg his knowledge.
But out on his own is hfh, he has someone on the inside advising him.
Look back over his posts, their is a wealth of info that he's been led to understand is happening.
From memory, Rio used to control the Cascabel tenement in the 1970's
Seriously, let's look at the argument that we will be sold and why we have zero evidence and at the moment zero chance.
Ever since hole 5 which is now over ten years ago.
We have had the same people saying a sale is imminent nearly every week and pouring scorn on those that disagreed.
Not any contrition or apologies from these clown's.
We have such a diverse book, that has become more diverse over the years, as more block aquasitions have occurred.
This makes a hostile bid expensive and so nearly impossible.
So next we come to an agreed takeover.
Imagine, whoever wants to take this over, has to talk to the major shareholders and keep all this confidential while doing this, so common sense should tell you this isn't happening.
Next week also know that when Ingo was on board, we were actively seeking the money to go to construction.
This never occurred and he left.
So let's come to today, we have one option, that is to progress Cascabel.
So what has happened?
Well we have announced a strategic review, which some on the numpties have said isn't happening, even though the company has announced it.
So what a surprise to find out all these numpties are some of the same people who don't listen to the company and have told people that we have an imminent sale for years.
Pay no attention to these idiots.
For the informed on here, the strategic review is just that.
It is a review on how to advance Cascabel.
What does that mean?
It means how do we construct Cascabel.
It's that simple and the company has communicated that at every opportunity.
So the people that say we have had no communication are daft.
What they are really saying is we haven't had any communication that supports our world view, but never mind, we will twist it to support our world view.
And when our twisted imagination doesn't come to be, we will blame the management of the company, who said no such thing in the beginning.
Now we come to PFS3.
So why do this?
It's obvious to those that listen.
We have a strategic review that it's aim is to advance Cascabel.
We know we are required to lower the costs and increase the payback over a shorter period of time.
So now we have this and need to raise the money.
This is what I believe is now happening.
We have zero evidence that anything else is occurring.
By taking control of our own destiny and moving to the construction phase, may mean at that stage we get an offer, but why on earth would anyone not just sit back and wait for us to run out of money.
Quady. Your right. We will have to attempt to go to production, solely because it's our only option.
Nobody has come foreward with an offer, a nd despite adikt and co optimism, don't appear to be in the future.
I say attempt to go to construction, because if you or any of the head cases on here think the bunch of clowns running solg have a chance of building a mine, i will personally bring you a straight jacket.
I said as much two days ago, we need a catalyst to move this one way or another.
Saving $1b from capex aint a catalyst?
Just wait and hold. The main event is about to commence.
You are so true to type, bbg- you don't even try to disguise it. It's almost endearing.
You've said the same thing dozens of times before, and been wrong every time, numb skull. Anyone who can brave trawling through your old posts will see exactly that.
Needalife @ 9.09 - must admit that did make me laugh. Took you 1,800 posts.
So you have been saying for the last 5 years clown 🤡
When will it dawn on you, you haven’t got a scooby…….
BBG in October 2018. Over 5 YEARS ago. Cut and pasted from his post.
“Solg will be sold in its entirety. We have 6 months max. “
BBG today.....
“The main event is about to commence”
..... but don’t listen to me. I’m just one of the 21 paid derampers on here. As Tesla said, 🤡
Q, a question: We know DC was given the boot for pursuing a board policy which was to take this to production. We know the board changed its mind. We know the people behind this are those now running the show. How likely is it that they too have now changed their minds?
And before anyone leaps up and down saying that the reason they've had to alter the strategy is because no one's interested, how does that account for the Chinese investment? How does that account for every market commentator I've ever read or heard stating Cascabel is a fantastic discovery?
Of course, lack of progress may be price related and perhaps our Board's view is too bullish, but we don't know that. The truth is we are all in the dark and everything we write on here - from both sides - is nothing more than speculation.
Adikt, what is it you don't see.
they have had to change there minds. not by choice by the fact no one is showing any evidence backed interest in solg.
Adikt the money the Chinese and co have put into solg is peanuts.
a few months ago I posted
a list of all the exploration companies bhp and co,have, and are invested in.
I stated that if they invest in 50 companies, and only one comes good, the profit margins far outway
any losses on the other 49 companies.
you keep harping on about the money the Chinese have invested.
look at the profit these companies made last year.
twiggy just lost almost a billion dollars on a mine he opened last year.
one billion. he has just closed it. and probably never batted an eye lid.
it's maybe time you had a rethink on your see no evil views, and woke up to reallity
You're asking the wrong questions, add, like every other ramper here. Don't ask why hasn't there been a sale up to now. Ask "why would anyone bail solg out at this stage"? It's not about de-risking, it's about corporate stability. With DC at the helm the markets saw stability. With the current crop of sp crashing clowns, the markets see instability. Why move now? Wait a year, two years, pick up percentages through cheap dilution... That's what the Chinese investors did and will continue to do. Someone will get whatever is left of solg pretty cheap. Fort's "no one gets a tier 1 cheap" is nonsense - we don't have a mine to sell. We have a series of difficult infrastructure problems to solve, with a distant payday in an uncertain copper/gold market. Everyone knows solg can't do much from their current position, so as had been proven again and again, everyone is willing to sit and wait. Give it a year or two (no sooner) and I'm sure we'll be forced into a sale. Until then, it's all just wishful bbg-style claptrap. Mark my words- I've called it perfectly so far.
Also adikt, you keep banging on about analysts and there forecasts.
take the time to read this study. one of many, many coming to the same conclusion.
the study looked at the track record of stock market “experts” who predicted the market's direction.
Their findings were eye-popping.
Overall their accuracy rate was only 47%, less than you might expect from random chance.
Jim Cramer, a fixture on CNBC, had an accuracy rating of 46.8% based on 62 forecasts.
Abbey Joseph Cohen, formerly a partner and chief U.S. investment strategist at Goldman Sachs, fared even worse. Her accuracy rating was only 35%, well below the average of 47%.
Another study analyzed a dataset consisting of 6,627 forecasts made by 68 forecasters. It found that while some forecasters did “very well,” the “majority perform at levels not significantly different than chance.”
Overall, only 48% of forecasts were correct.
Over 20 years from 2002-2021, another report (discussed here) found the average difference between target price estimates from stock market “experts” at the beginning of the year and actual prices of the index for the same year was a staggering 8.3%."
like I said, wake up. have you noticed, the share price is back in the 6s.
SH, that's a reasonable question and perhaps is best answered by pointing out we've been in the same position on numerous occasions and have always found the cash. Of course, the past is no guarantee of future events, but the precedents exist.
You have also proved my point; despite your protestations, you have no more idea of what will unfold than anyone else and it's a bit silly to pretend otherwise.
I'm not worried about short-term funding.
Should be easy for SOLG to place the CGP shares / placing / another NSR.
The issue is at what cost - shouldn't be any sort of placing at these levels, and another NSR erodes what is already a challenging IRR (on a minimum capex basis).
Simple fact is the market is waiting for a tangible plan for developing (and funding) Cascabel. And SOLG is still keeping the market waiting.
Stackhigh - you've called absolutely nothing.
You have joined this BB under various guises and have made hundreds of posts arguing with someone about something. You have said virtually nothing about the outlook and travel of direction for the company.
If you believe the company is going to get diluted further and someone will get SolGold to heap then you simply wouldn't be a shareholder now, let alone 12-18 months ago. You could conceivably be short, posturing as a shareholder in some quite perverse activity that you take joy from.
I know you're a bright enough chap and I enjoy and support your taking down of 1984, but let's not pretend you have called SolGold to a tee, because I don't remember seeing a single call from you, other than that there would be an AGM in 2023. That might have been contrarian but it wasn't the visionary take you like to think.
SolGold management has to create competitive tension. They do that by delivering an IPA that secures the investment made to date and gives the company security into the future. From there, it'll need some 4D corporate financeering to convince everyone that they have a chance and to encourage moving first. Then the gloves come off.
It's either that or we'll all wallow as we get bought out for 2p. Which is it to be?
Bozi. Once again, you think you have all the answers. And try to make your assumptions facts.
But let me tell you. I think we will be further diluted, and I think if we're sold it will be for far less than mather and co would like.
And I can assure you I'm a share holder And I most certainly am a share holder.
And have been for a lot longer than some of the clowns on here. You included
Oh. Did I mention to the experts, fmg paid an interim divi of 108c today.
Not sure, but did I mention I brought in early days for $2 a share. Now worth $28 a share.
Did I also mention that years ago they were $14 and dropped back to $2 almost over night. But crept back upto what they are today.
So who's to say solg won't do the same. That's why I never add, and never sell till the fat lady sings.
Probably take the family to bali with the windfall.