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Both smashing it and solg can't hold 16p. Wtf?
We are not producing any, We are not doing any exploration, we have no current plans to do any further exploration.
We have essentially shut down all operations until further notice… meaning beyond the long hoped for monetising event, we have nothing to offer any potential investors. We are just sat hoping, praying, Bob will deliver something for us… that is not a strong case for anyone to buy our shares.
It currently seems like this share will never see north of 20p again until Bob, hopefully gives us good news. There are no other price elevating news events on our horizon. So we just drift..
Ship,yes I know talk about manipulation!!
You clouldn't be more right DM...
Once uopon a time we had 'shock and ore"...
Now we have a deafening silence...
Even if (as I believe) the plan is to sell the company, you wouldm have tyhought that a PR blitz would at least get the SP higher for a starting pointg...
Thing is DM, I think it’s safe to assume the Porv study has disappointed…
Our board went very very quiet on the Porvenir front a long time ago.. All positive comments that had once flowed there, ceased waaay back... The PEA was due to be released right at the point it was shelved, even Investor relations were continuing to express the plan was to release it when I asked If it was on schedule, so one would have to assume it was all but completed and the work paid for…. If there was anything positive to give to the markets, it would have not been canned.
Despite people on here fantasising that our board may be strategically holding back good news, Solg have NEVER held back positive news, and why would they when the share price is on its knees.
We are, where we are now… there is no point in dressing it up or trying to see it through rose tinted glasses.. we are just drifting, hoping, or praying, Maxit can fix it all by monetising our only proven asset.. it’s a sad place to have found ourselves after all the years of hype and bluster. We’ve given Bob the paddle to our canoe after we got stranded, trying to bluff the mining world we could become the next supermajor on our own.. I hope he can get us a result.
From HH on Jan 19th..."Merger closing in less than 10 days."
And "The strategic review will NOT requireClass 1 vote as Solg is not premium segment listing. And we will get a very value enhancing deal. ENSA - Cascabel will unlock close to P/NAV ~ 72p"
From vi.app "Institutional investors now hold 33% of SolGold Plc’s stock"
From swingtrader "SOLG closed down 0.49 percent on Tuesday, January 24, 2023, on 1.19 times normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected. "
Another slight delay pushes it into Feb?
"the Company expects to publish the prospectus shortly and complete the Acquisition soon thereafter with the issue of SolGold shares to Cornerstone Shareholders."
I saw that as a hint at a delay…. Solg never do anything on time, so probably best to expect Feb…. But what’s a week or 2 in the grand scheme of things ?
I agree the metal prices may have impacted, and agree with the read across to Cascabel PFS addendum… but there is the rub… if the finances of our studies only stand up with high metal prices, then the finances of the mines are not overly compelling… our PFS didn’t exactly blow everyone away with its potential returns…
Back to waiting for news..
The only news you're likely to get now DM is...
Merger completed
Jiangxi bids 50p...(or similar)...
Thats because we redefined the PFS to get early cash by mining from a higher level and some at surface...
The big and potentially fully unknown bonanza comes with the block caving which was the original plan.
We would never be able to finance that, but its petty cash to a major like BHP...or the Chinese (who have the engineers to do it...)
Red …. I agree with that pretty much.
Will there be a we are looking to sell Cascabel message prior to first bid.
What’s clear is that this merger completion is key…. Could they still look to place the CGP shares prior to completing or will they simply be held in treasury?
Hopefully just bought last couple of chunks for the Missus at 15.79...hope thats the bottom...
Maybe the Canadians are selling in the background pre market, but otherwise can't understand why anyone would get otu now...we've come so far...
Wouldn't surprise me if Jiangxi or even BHP are standing out the back with a very large bucket to collect these sales...
And in case you're expecting a TR1, remember Valuestone have about 2.5% headroom before they reach the notifiable level...
It's just the ARB fund or funds doing their thing. Boring boring stuff.
I expect they'll all be rebalanced when new shares are issued in a week or so time if end of Jan still the target.
Thereafter, they will likely want to be NET longs as SOLG should be ready soon to release outcomes on Strategic Review and plans for exploration this year with targets named. Do not be surprised if you see SOLG suddenly adopting Bramados like it's of importance lol! I think CGP had some free carry on that but it was looking quite decent as per last update. Wonder whether SOLG will focus 2023 efforts in and round the Chinese assets based in the South lol!
"SOLG should be ready soon to release outcomes on Strategic Review and plans for exploration this year with targets named."
Why would they do that if they're about to sell the company...?
Red,
More strings to the bow makes a nice sound, stop worrying and just wait and see
Atb
You could also ask, Why do a royalty deal, reducing future profitability, if you are about to try to sell the company?
Because the world is not as blinkered and desperate for your last 2 years gambling to produce a profit.
The price is dropping because there are more sellers than buyers that’s how the market works.
You’ve continually got it wrong and that form shows no sign of abating.
How pathetic it is you have to post every trade you make…..does it make you feel better or do you think your delusional rantings have an effect on other posters.
OC because we needed urgent money in. We had to have that money in or sell the company at that time. But during that time we had just got rid of Ayten and DC was still talking Plan A and Plan B bs.
I did say February. ..just as Chinese New year ends ,read what the year of the rabbit brings too the Chinese then you'll understand gla
NP …. Just a thought , wonder if they are trying to place the extra shares prior to merger completion?
Can’t see why they would but I’ve never been able to second guess this company
Who here is the modestly self named "So-I-Was-Right" on Twitter?
I wonder if it would unnecessarily complicate the Prospectus/merger completion...?