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It's a good listen Shipright as I heard it this morning.
Warren Irwin talks about a tight market in Solgold.
Yep that's what a diverse book with no controlling interest gives you.
He would also like more shares issued for Solgold as he believes that pricing would be better established.
What he really means is he can't buy any cheap as it would massively affect the price and he is stuck.
For someone who is meant to understand this type of business, it almost seems he doesn't understand how a successful company can defend itself from a hostile bid.
Im assuming he wants more liquidity so he can offload/exit his position.
Sure he means less shares (ie a consolidation)? More confetti shares would make it even more of a penny stock
Haven’t listened yet but I’ll assume Quady got it wrong (usually a safe bet)
1984, no he didn't get it wrong. WI was saying he likes lots of shares in issue because it provides the liquidity he likes - he was bemoaning the lack of liquidity on TSX. In my opinion we most certainly don't want more shares in the market and it struck me as odd that he didn't seem to take the dilutive effect into account. I concluded he was a bit contradictory on this subject.
Where Q gets it wrong is in his last paragraph. WI has no interest in the company defending itself against a hostile bid - not that there's going to be one.
Overall, I thought that interview was interesting and he gave some good insight into his view of the market in certain critical minerals.
Add 42 and a half minutes I can guess who he’s talking about lol
“Juniors will not be the ones developing anything that’s half decent. They don’t have the money they don’t have the expertise “
Nuff said
DBW, yes, he's fairly emphatic about that issue. And of course, he's right. His comments about certain managers not having the right skill set was also interesting, although not exactly earth-shattering.
The fount of all knowledge speaks again. Quady, why don't you contact Sandhu and offer him the chance of an interview? You could explain to him what Irwin really means; what Irwin doesn't understand about your 'diverse book'and how to defend a hostile bid. Furthermore, you can tell him that Irwin is wasting his time waiting for a sale of SOLG, as you're certain that the company is taking it to production.
Pretty obvious we can’t and won’t build it ourselves unless you’re shy of brain cells.
Add, how does more shares increase liquidity? It’s demand that isn’t there not supply of stock.
I’ll ask him on twatter
Add Algo trades to the equation- short of stopping any upwards movements with such a low volume - I know some think otherwise but WI confirms the shenanigans that goes on including shorts nonetheless !
Arok, yes, although he wasn't being specific, those comments were also interesting. If you recall SC slightly ducked the question recently, but I got the feeling he believed it is happening.
'84, I think he was assuming those shares would end up in retail hands, but I'm not sure why he thinks that. If another placing takes place the shares will, like all other placings, end up with sticky investors. Anyway, that's all academic because it ain't gonna happen.
Haven't listened yet but it sounds like Warren is getting tetchy.
Someone ought to remind him that it's on SOLG to boost their standing in the market with continuous positive newsflow..
In this environment when interest in stocks is lower (due to the returns on cash), the companies that have the most to say win the day.
Who'd have thought that mothballing all operations would have had such an effect, eh?!
Irwin has certainly become less enthusiastic about Solgold of late.. now his mates are in control I would imagine he has had a peek behind the curtain and can now see its not so easy to monetise as he proclaimed it would be.. stage 2.9 of his 3 stages was reached long ago
He sees Scott as doing a good job ….. but not expecting a smooth AGM
“At present the skillset at SolGold is to cut costs and make sure all the potential suitors have all the information they need to make a decision. I think Scott has done a great job. Board? We will see how the voting goes for directors and I anticipate a change or two”
Minute 47, also a worthy mention of the Lassonde curve and how the newscycle during the orphan period tends to be bad.
Wrong Madpunter I have never said I am certain that the company is taking Cascabel to production.
I have said it is the most likely outcome considering the facts and evidence.
Try listening to what Solgold says.
Addicknt I was making the contradiction you pointed out.
He wants more shares for greater liquidity, but at the same time wants us to defend less.
And then goes on to say this is good for the retail market.
As usual Slug jumps in without even watching it.
Gets it wrong on all fronts.
Really no difference if he had watched it.
This is what makes him the most unintelligent poster on here by a country mile.
DBW, Warren is still holding solg shares which is a good sign. In the interview he stated that if a Explorer start talking about going to production, then he would sell up. It would be nice to get Quady's opinion of Warren's interview re going to production.
Hi Eloro
Lol no it wouldn’t it’d be dull, predictable and ill thought out, the only plus is I wouldn’t see it …..
Italian ….. More from Irwin
“I couldn't talk about all my names on the podcast. I believe SolGold has an outstanding copper deposit and it keeps getting reaffirmed with every smart person I know who goes down there to see it. It is super cheap too. Lots of people are looking at it, at some point something will happen. Remember the 1.5km deep holes we used to drill grading 0.93% Cu equivalent, or 1.2km of 1.16%Cu equivalent, or 1km of 1.29%.... these holes are measured in terms of kilometres, not meters. We have a monster. Berry Street's wind down and the subsequent share divestiture certainly didn't help the share price. Fingers crossed”
Puzzling logic 1984...
Demand is poor for two reasons:
Most people aren't selling
There isn't enough stock for them to buy...
I agree more shares would increase liquidity but it would have to come from either a share issue - please no at the current price, or
Somebody like Berry Street selling - also please no...
Lol……if it was so great and so cheap then someone would have bought it by now………
Hmmmmm…..how many millions of Solg shares has this guy got….🤔
I doubt he is going to be negative on a podcast but everyone on here laps it up………..
When are holders, on here, actually going to question what is really happening……or are they too scared to face reality……
They can keep saying they have a monster, but the proof is in the pudding, no point in having a monster if no one can afford to take it to production…….
Tesla, if you really want to know what is happening why don't you read the last RNS? The fact that you don't believe is irrelevant and does not mean its contents are untrue. I rather suspect if SC told you today is Wednesday you'd call him a liar.
Tesla, there was 1 fleeting mention of solgold and a lot about the junior mining and commodities sectors, Pray, which bit are we all lapping up?