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Just touching 20p was a wake up call to the markets. We have fallen too much, we are oversold, we are cheap at this price.
I don't have the spare cash to snap up a bargain but it is agony to watch the price to sit here and none of you will touch it but you will pile in at 35p.
One or two folks did Sean
Two of us posted on here saying as much
I even gave the price of my entry.
Atvb
Bn.c
I asked on here, who was joining me for a top up the other day.the response was very underwhelming.
I do remember shipwreck mentioning he was topping up at the recent spike and me reminding him that it's actually better to top up when the price is on the floor not reaching the moon. Amateurs ah?
Indeed BNC
Look back at your posts a while back when we were in the high 30's and look at my response a little later. Maybe you missed it but it was there. I clearly remember thinking. Why o why do people sit on their hands in the low 20's and top up when it's spiking.
If its of any help, I bought some more 2 days ago, that's probably why it went up in the last hour on Tuesday ?
I don't need to. It didn't happen
I've been buying plenty as have many others but most show some decorum and do not feel the self indulgent nature of posting trading or investing activity on bb's.. You can tell when the usual types have bought back in or grabbed a trading tranche etc as the negative posts stop lol!
Ironically, the order book looked weak when the price was at 19.7p/20p levels not long ago. Now the book looks strong with heavy demand piling up in the 21's. Funny old game innit. Won't take much to get back to 26p levels. But it needs some bid rumours or decent catalysts to get past 26p again and maintain that level.
Or possibly fortissimo they are just answering Sean's question. Sorry to take up space on the board old chap ,we all know you like at least 50% of the daily posts to be yours.
I'm not really sure why you'd buy here to be honest.
Yes it may be a historic point of support but the circumstances are different now. Capital markets are tight and GGP have shown that they needed to offer a fairly sizeable discount to get their raise away.
With the dynamic of our BoD facing significant change in just over 3 months and a fundraise of some sort required in that time to remain solvent, I genuinely don't see this as 'another test of 20p support'.
In fact, I expect the number of shares on loan to increase with each passing week and if we don't see a financing completed by end of September, we'll 10p won't be out of the question as the vultures start picking at our rotting remains.
"we all know you like at least 50% of the daily posts to be yours"
Who's the 'we' Monte?? But as you made the point, I'll refrain from posting my thoughts for a while then. Didn't know I was 'hogging' the BB but thanks for letting me know.
Good morning Bozi, I for one am hoping if it is an equity raise, then it's a small one, for a small amount of exploring, but to get Cascabel to DFS. Then we can get the funds in place along with the BFS to exploit what we have. This would not primarily be equity, but feel it would be a mixture of equity, loans, bonds and offtake. With the equity part being minimal.
But who knows maybe an offtake agreement to get us to BFS with no equity raise.
You're welcome!
"I'm not really sure why you'd buy here to be honest." END
Another classic from Bozi... an apparent holder of SOLG stock. In fact, Bozi... I'm not sure why you are invested in SOLG any more? Could you let me and others know WHY you are invested in SOLG rather than why others should avoid it??
Unbelievable negativity from you. You're not an investor here that's for sure.
I would imagine the"we" are the ones who don't live to be acused of having a lack of self decorum just for answering a question that was raised this morning
Solg won't see a DFS, this lame duck will be bought out way before that.
At least I hope so, if we go down the mixture of equity, loans, bonds and offtake route the PI's will be diluted to death and the SP will be half what it is now.
The BOD don't want to admit defeat and we will all pay the price.
Fort, today 08.58
"I've been buying plenty as have many others but most show some decorum and do not feel the self indulgent nature of posting trading or investing activity on bb's."
Fort, 3 days ago, 10.30
"But I'm delighted to pick up another 50k today. And will do the same on any weakness below 20p for sure. Loving it!"
Fort, 6 days ago, 15.43
"Less than £400k traded today. I could have flipped some stock today and accounted for the entire volume."
Decorum indeed.
lol
A bid will come well before SOLG get even close to talking loans and streaming deals etc - we know this as NCM and BHP have already said they don't want the asset tapped for funds. So by their own admittance, they are telling you that SOLG will be bought out as there's no alternative at all based on their outlook.
And yes... Bozi... that's the reason why someone would buy SOLG stock. Perhaps ask the likes of Norges or Blackrock why they have been buying into SOLG?
Yes Quady. I certainly wouldn't advocate a large raise at this price level. We know the company is chronically undervalued here and a large raise wouldn't be in the best interests of long term retail shareholders.
Personally I'd be happy enough with a similar sized raise to GGPs. About £25m. Something to see us through to next summer.
Importantly, the fund raise should come before the PFS addendum and Porvenir PEA as we don't want those reports to just be pump and dump events. The raise should be done and they should be truer catalysts.
With regards offtakes, I personally think its a bit too early to be forward selling our produce. We need to get to a positive investment decision and only then can we look at offtakes to cover some of our construction costs. We can't be using offtakes now to fund our G&A.
Correct. I think that's once or twice a year!
Decorum indeed.
And I didn't have to post a load of negative shiite to get that 50k block at a keen price either did I?
Good to see I'm ruffling a few feathers as a few out there seem unhappy with the recent bounce. I wonder why?
I absolutely am a holder of SOLG stock Fortissimo.
However, the difference between me and you is I post with honesty and objectivity, adjusting my viewpoint as events play out.
You however, post false positivity regardless of the situation to try and influence readers of this BB in the hope it might help massage the stock price.
If SOLG can get a fair financing out of the way over the next 6 weeks or so then I've every faith that we'll be back on track.
This has been my overarching point throughout and I can't say any fairer than that.
A small 25m raise, primary bid type exercise, would surely only see us with enough funds to yet again limp our way to next summer….
It would be yet another can kicking exercise that our board have done many times before….
So I expect them to do it again.