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😂sold the lot at 35-40p😂😂. Even DBW must be cringing at that one.
And would a humble person say this...
"The GFD, CEO, CCD, BBC, ITV would do well to remember the virtue of being humble. "
So as you close, you haven't answered any of the legitimate questions I have asked...
Here are some of your more humble statements in the last few days:
"Nincompoop Aussie Loser...Yet again you wear your illiteracy like a team colour and your lack of intelligence like a badge of honour..."
"Clearly they had you in mind when they said that there is no fool like an old fool:....At least you can blame your illiteracy on dementia. Have you changed your diaper yet NAL?....Being a schoolboy is infinitely better than having to rely on a carer for the basics heh NAL!"
"Arrogant, condescending, boastful and a poster who thinks only his views matters and that you are a genius and everyone else are simpletons."
Hmm..."There is a verse I try to live by(KJV):
"He that humbleth himself shall be exalted. He that exalteth himself shall be abase (made low)."
Questions left unanswered:
"What has he not done that he said he would do. Please insert quotes. "
"If you get rid of Scott, who comes in to replace him? How much does it cost in severance? What happens to the SP when he sells his 17 million shares? What directly relevant experience will the incomer have of running an explorer like Solgold and more specifically preparing it for a sale? How long is the learning curve for the new person?"
""End the strategic review and start some corporate action in play..."
What specific action do you propose...more drilling? Faster cash rundown...may add to thje asset but iof the market values a company with $155 BILLION in the glorund at £250m, what difference would that make.?
Don't even think of answering this unless you have credible, believable, costed proposals to push the SP higher. I repeat. Only respond to this post with credible authoritative answers. "
""Too much about this company is reduced to guessing because we are not properly informed. "
"So please tell me Eloro what we are not being properly informed of?"
"So Eloro...tell me precisely what you would have done to arrest a slide which, albeit accelerated by the Berry Street capitulation, mirrors the savaging of so many other mining companies... "
Take your time. Eloro..you have until tomorrow to come up with the answers...
"Plus, I have a day job and young kids, so I cannot dedicate as much time to research as I did when I bought solg in the first place...."
On 24 November you posted at
6.47
6.58
7.07
7.45
8.18
8.19
8.21
8.25
8.29
9.16
9.23
10.26
10.39
10.52
11.22
11.27
11.42
11.50
13.26
14.36
And on your day off (Sunday) to give the kids and wife quality time youi posted at
9.42
9.55
10.14
10.18
10.20
10.27
10.35
10.48
12.59
But back at the grindstone today...
11.33
11.44
13.14
14.43
14.53
15.49
So are you a civil servant, on a zero hours contract...does your employer have internet tracking software...
Maybe if you dedicated more time to research and actively managing your holding rather than psoting all day you might not be in the mess you are...
And does your wife know you've lost all this money...?
Sleep well.
Signing off
"And does your wife know you've lost all this money...?"
Very ironic, redknight!
Red is a pure fantasist, it’s really sad but BB’s attract people who live out their best lives on them.
Don’t believe a word he says, his holding will be at a much higher average but lower amount holding than he says.
The way he could gain some credibility is by posting a screenshot of his and his wife’s ( 26 year Swedish model, I’m sure) holdings.
He can’t have any objection to this as he talks it up so much, but I absolutely guarantee he won’t. This is one Solgold prediction that won’t be disputed.!
So, people are in a mess with this stock, first thing to do is, don’t keep throwing good money after bad. There are a world of stocks out there, each new dollar invested in a good stock is a chance to make new gains and put this one behind you. Realize that the pink page stocks don’t make you rich, they are for suckers.
And the next time somebody mentions 20 companies in the data room, ask them how many are still actually there? Why didn’t they like what they see, why haven’t they started buying at these prices.
You made a bad call with this one but don’t let it ruin you.
I am not saying sell up, hold and treat this as the outside gamble it has always been, but prepare yourself for more dilution in spring and spread your risk as much as possible in some non get rich quick stocks!
I repeat again, guys who are calm out their investments don’t post on BB’s about them, there is no need to, they are secure in the knowledge it will do what they expect.
People who post a lot are in panic…
Will pop back in if things start to look up and there is something positive to talk about but this could be going quite a bit lower yet.
Any chance that posters can stop getting so personal? Upon the approach to the AGM, feelings understandably heighten about which way to vote, but we are entering the season of goodwill. Please live and let live guys, and accept that each of us can post our thoughts & preferences whilst respecting other posters, and without being personally attacked by other posters.
Chill & enjoy the season guys ;)
You say that Rich3r but to be perfectly honest, it's getting very frustrating now.
We're in a revolving catch 22 where the same band of investors are bemoaning BoD performance, voting against their re-election and then when one (or more) has to be the sacrificial lamb we end up being drastically weakened.
Look at the BoD two years ago and look at it now. Marshall, O'Kane, Twigger, Clare, Moller all gone. CEO (twice) and CFO (twice) turfed in the same timeframe.
How is any company supposed to fight through this? Yet folks are surprised that the SP has slid from 40p to 8p.
These folks are also bemoaning performance and want more flesh this time around. It's ridiculous.
Enough is enough. We've seen numerous respected officers leave their seats and no bid has been presented.
We put our eggs in the Maxit basket but now folks want them gone because they haven't delivered a takeover in the first year.
What we've had to deal with is hideous and now it's time to recognise our roles in it and give this team the best chance to deliver in 2024.
Bozi I take your point of view, but surely you have to accept the counter argument too? Imv this company has for far too long failed to give ‘the market’ what it always craves : news, reassurance, positivity & CERTAINTY. How many years have we honestly been virtually starved of updates and information about what’s happening with OUR investment/money as shareholders? I’m honestly not sure after all of these years as to how things have come to be so poor in this share for shareholders. And to those who seek to polish a xxxx need a dose of reality imho.
But I also hear you about current negativity (probably) being counter productive.
In short, investor fatigue is certainly rife here by many including myself and it appears you too. Who can blame us? But what I feel in my bones, is that shareholders must be treated with more respect moving forward and kept in the loop. Just my ho of course
Bozi, I've no problem with your stance.
But I have just two questions for you.
How long are you willing to wait for the board to do something really tangible?
One year? Three years? Five years?
And what do you think is going to happen to your investment here if it does drag out?
It's like I intimated. The market has had enough and anything apart from a monetisation event is just fly sh*t, imo.
My prediction? We retain the board, they continue to do nothing of note and they do a placing, where I dread to think how low the price might be.
If I'm right, it certainly won't be at this 8-9p level. Wow, I so hope I'm wrong.
Rich3r - I'm sorry but I don't accept the counter-argument. That's why I'm probably being overly vociferous.
Society and advancements in technology these days in general is all about wielding the sword. The normal man in the street can put it up to the big suit (and that itself is fine) but surely as SolGold shareholders we now have to take stock of the last 3 years, all the managerial changes and board changes and we have to ask ourselves :
- is all the hassle we endured with Cornerstone worth sacrificing just to topple Scott and give Maxit a bloody nose?
- are further unknowns at this stage going to yield the answer that many want, and if so, how?
I think it's fair to say that the counter-argument has run it's course. I genuinely think we're down here because we're floating a less exciting investment case during a period of general pressure on miners and juniors. It's not just copper, it's lithium as well. The whole market topped out last year and it's still subdued.
But, instead of folks blaming Scott, let him carry on his work. Let Bob and Dan do theirs. Recognise where we are in the process and if nothing narierialises in 12 months, then folks have a much stronger case when it comes to disposing of them.
Anon - I think Scott deserves another year.
He's had one year, less if you consider the merger didn't complete until something like February.
If we get to this time next year then we can assume that everyone in the data room has gone rogue on us and we've not managed to demonstrate a better way of financing and mining Cascabel.
If we get to this stage then we'll be in a spot of bother and IMO, I'd rather have someone heavily invested with stock and options steering the ship than getting rid of Scott now and bringing in some new guy who wants to draw a wage.
We're approaching crunch time and I've just had enough of the company being shrouded in controversy. By that I mean sacking Mather, losing $4m in the fraud, sacking Cazzubbo and Ayten, etc etc.
It's been one affair after another. SolGold now needs continuity and not the soap opera of recent years.
Anon - just on the placing point - do you really think they're going to raise down here?
I can't see it. It will be heavily dilutionary and that's no good for Mather, Sangha, Charmandy, Caldwell, etc.
I think it's more likely they'd do the treasury shares and a small royalty top up, if it came to it.
That's one of the positives about SOLG. Key people with skin in the game. They won't want to give up that skin.
We are as close as we have ever been to achieving a monetisation event, due to what has been going on behind the scenes and the hiring of Maxit. The parties in the data room and visiting the site are there because Sangha and his team have been out there marketing it to all and sundry. For the love of God give them a few more months.
Sharket.
Other than what scotty boy, the ceo who is desperately trying to sell an apparently viable company. What evidence have you that were closer than we've ever been.
Please don't tell me about the 20 majors in the data room. That like many other solg myths has become old news.
Do you not think with Solgold’s leaking ship history the sp would of moved if as you so desperately wish weve never been closer.
How many year ago did solg te us about the 12 majors hovering around.
Your desperate wishfull thinking and bozi telling us he has never felt more strongly or vociferous about something.proved nothing.
Also bozki, you telling us about all the good people who have left solg.
2 points
1 where did they get us
2 the common denominator. Mathers still there.
I rest my case
Sharket. Your latest block buster telling us WERE
closer than we've ever been. Who are you referring to when you say We.
Because on the 20th Nov you posted this to adikt. I presume to impress him.
"Add, I think the strategic review was launched prior to PFS3? I sold out when Scott did that interview"
I'm assuming as you sold out on the 20th November, your not now part of the we.
Or can we add your sold out post to the ever growing list of your little white lies
Morning thicko, I sold out earlier in the year, when Scott announced the phased approach / revised PFS (without actually calling it that). I bought back in around 14p either late Q3 or early Q4.
Nice try though!
Bozi, another year? Fair enough. I'd probably take that if it was promised. Trouble is, it's not.
Placing was probably the wrong word. Agreed, more likely they'd monetise the treasury shares. Looking back, you have to wonder why that wasn't done a good while back? We're always going to need money until it's sold, after all. Nut then it's easy to have 20-20 vision looking back.
Sharketmare, surely we get closer every day? It doesn't make it imminent. Or even remotely close.
Anon, they didn't sell them because they're trying to avoid further dilution and are obviously hopeful that a deal will happen before the need to raise cash arises.
Addicknt, surely if they've already been issued, they can't be dilutory?
Off course you did sharket, off course you did.
But where's the evidence to support, your latest blockbuster.
Anon, let's say a deal happens and the shares haven't yet been issued, the company can then cancel the shares thus avoiding dilution. If they are issued when the company is still trading, your point is valid.
Sorry, that wasn't clear. I don't mean issued, I mean placed with a buyer.
Anon, they can be cancelled believe but in theory, you and and I own a stake in those shares. The 157m shares are owned by shareholders right now. Hence if they were sold to another entity then they are gone... no longer yours or mine and the cash raised will go towards Scotts masterplan to burn through as much cash as possible while seemingly doing nothing and hope no one notices.
All part of the SR apparently. Slow, clumsy and junior style management at it's best.
Bozi... why wait a few years for the copper price to be surging when today the Gold price is surging and look what favours it is doing us? We have 21moz or something like that. Gold near all time highs and hasn't helped SOLG one bit so why would Copper at all time highs help?
You are suffering from the same rabbit in the headlights look you had when you saw trouble ahead in the mid 20's and failed to sell your shares. Instead... you just sat there and took it head on. Perhaps you should revisit your strategy as you clearly haven't done well out of it. Try a different tactic to just 'sitting still like a quivering rabbit'. Open your eyes!
Someone is very keen with 75k buy first 😀 thing.....not surprising really at just above 9p......speculate to accumulate comes to mind....
GL.