Solgold Share Discussion Threads

[cymrurrhydd] 25/7/2024 15:10

Lurker5 it's not just me though is it? Everyone on this board sees you for the Walter Mitty that you are. You know as much about finance as you do about pulling fit birds. Zilch. 10 years posting about Solg and you still don't have a clue.

Toast is spot on, you are a broke accountant. Go get a job at B&Q, they like to hire old duffers like you. Keep you out of mischief.

[lurker5] 25/7/2024 14:57

Mr Cym. You've been posting here for less than a year. I flagged Solgold more than ten years ago and have posed on here since then, but only when there's been some news to digest. Unlike your childish, obviously uneducated, rants. Go away please.

[cymrurrhydd] 25/7/2024 14:41

I live tax free in the sun too toast.

Sunny Rhyl. And there's talk of reopening the Sky Tower down in the front, so lots to spend my pennies on.

Once I start trading this from 9.7p.

[mknight] 25/7/2024 14:29

And spends his days posting on a third rate BB .

[havinthelasttoast] 25/7/2024 14:26

Heard ADVFN is gettin rebranded, losers reunited is the new name.

[hazl] 25/7/2024 14:22

By the way I don't dislike your posts generally lurker.

[hazl] 25/7/2024 14:20

Lurker now that's disappointing.
It is not true that all the PI 's have to go on is the boards.
I have oly found the boards useful if they mention a date coming up, or something technical, if I happen upon a new share of interest.

I personally work from macro down.
Some people focus on the minutiae of the company's fundamentals first.
Whatever works for you.

The announcements are most important but the boards are perhaps to show your interest and for not feeling alone in the choice.
For me the sector has always been the most important thing and information on that comes from many different sources but swatting up is definitely to your advantage.
You might have a good little company but it suffers like the rest in a sector downturn.

[cymrurrhydd] 25/7/2024 14:09

Lefrene I'm afraid solgs elastic band doesn't have enough yoink left in it for a whiplash.

It's saggy and stretched out, like a used johnny.

I'll be a buyer when it flabbers down to 9.7p

[lefrene] 25/7/2024 13:56

rougepierre, not long to wait too see if the selling is indeed an orchestrated attempt to drive out the calls. What with China and India? selling down US Treasuries to buy metals, with any luck we could see an elastic band whiplash. It would be very satisfying to see the manipulators reap the fruits of their games.

So what happens if you can't deliver the metals? The distortions are so huge, that at some point we must surely find out? JP Morgan can always meet calls in the silver market, and be insured by the FED, but perhaps not in the gold market?

[lurker5] 25/7/2024 13:48

I'm not interested in your opinion Mr Cymm-. These boards are remote from my main activity in finance, but I have taken an interest for years in the research available (not) to PI''s and sadly all they have to go on is these two boards which in my view are inhabited by kiddies with little or no knowledge of investment or company realities and act as though betting on the dogs on a Friday evening.

[cymrurrhydd] 25/7/2024 13:43

I'm.only interested in trading, I don't believe a bid will come in the foreseeable future... If I miss it, I miss it, if I am in when it lands then bingo, it's like winning the lottery.

But it's that same fear that's left many of you on here riding this up and down to 40p and back, missing all those profits and exits points down the years. This wouldn't see 40p again even with a bid, yet many held at 40p and many bought at 40p.

I'll buy in at 9.7p and trade from there. Much more sensible.

[hazl] 25/7/2024 13:31

I mean suppose there was a bid....while you were out?



You'd be even more disappointed than you are now.

[hazl] 25/7/2024 13:29

Cym we have our own style and that can change over the years.
I admit I used to be like you and traded every profit however small.
I still trade some but mostly I am trying to find long termers that might do well
and perhaps pass on to family.
I also value my time more and and don't wish to sit at the computer waiting for the dip and the sell point.
I have had to do it in some shares.
Each to their own.

Each time we get a next step up my shares are just a bit more valuable.
Let's hope it stays that way.

You see by going in and out you can sometimes miss the boat like you did.

[cymrurrhydd] 25/7/2024 13:19

Hazl what use was the rise to you if you didn't take profit?

It's been and gone now. Missed opportunity. Instead of taking advantage you listened to rampers who told you the next stop in the charts was 20p.

I'll get in at 9.7p, out at 11p, over and over and over again in the months and years to some.

You can't tease me with something you missed yourself. You sat on your hands. The price is back to what it reached on Monday 15th. A little bounce then an orchestrated pump and dump. Now drifting down. Once it goes under 10p it will start looking like a buy again.

I can't get back in because I've never been in here. I've seen people buying at 40p here. Madness. Now it's funded, once it drops to 9.7p it's a buy for me.

9.5p - 11p range coming soon and I'll make more money in a few weeks than most solgers have made in years, following this down from 40p waiting for a bid that will probably never happen.

You had 13p in the palm of your hand Hazl, but you listened to liars and conmen like Louis tidy and papillon and now it's gone.

I feel for you, but we will be on the same team very soon.

[hazl] 25/7/2024 13:07

Poor Cym trying to convince people that he's not desperate to get back in and
was so disappointed he missed out on the recent excellent rise.

Many, many, shares down today becauce of general market woes.


We still have a lot going for us to my mind and obviously Cym agrees with me, because at least he is honest enough, to say he wants to get in again!


imo

[cymrurrhydd] 25/7/2024 11:44

Lurker5 you are not smart enough or respected enough to try to be patronising here... Calling people kiddies when they have been proven right while you have been proven wrong. Stop making a fool of yourself, you are a legend in your own lunchtime.

At least Dave doesn't claim to be an expert, which you do. You have proved time and time again that you know nothing about share dealing or finance beyond just loving the sound of your own voice.

What fools you all look now, caught up in a pump and dump so obvious it could have been seen from space.

Nothing happening here, no bid, no production, no action for months and even years ahead. Fact

[davethehorse] 25/7/2024 11:40

He's a cut and paste merchant, beware plus a huge ramper...;-)

[lurker5] 25/7/2024 11:32

All the childish bickering re who bought or sold when is but of sounding brass. Its pathetic. The only thing that counts is 'the facts' whether it be numbers or possibilities. How long it takes for the movers to act, or not, on the facts is impossible for the kiddies on these boards to fathom. They certainly don't seem able even to understand them. They'd may as well bicker whether they called a coin-toss correctly or not. And should get out a bit more.

[mknight] 25/7/2024 11:31

Yes Dave said sell at 6p .7p 8p 9p etc many who believed in him would have lost the chance to gain nearly 100 percent today .

Most are not day traders . , you say you will buy at 9.7p . You might or it might not . But you are no better than than the so called rampers .

[penrith] 25/7/2024 11:28

RougepierreWhen you look at the dire amount of absolutely dross posts on here yours is absolutely par excellence.Five star. Thanks.

[davethehorse] 25/7/2024 11:27

Oh well, they will learn one day....

[cymrurrhydd] 25/7/2024 11:24

They should have listened to you Dave.

Months and months of sitting at 9p and it spikes up to 13p for a few hours and they didn't take profit.

It was a textbook pump and dump, with the slyest, lowest rampers appearing on this board predicting 14,16,20p while they got out at 12.9p

Now comes the slow, miserable retrace... Certainly to 10p

They should have listened to you, the only one talking common sense... But greed got the bteer of them. All those months of waiting and they say on their hands when the opportunity came.

[davethehorse] 25/7/2024 11:17

Back to 10p

[rougepierre] 25/7/2024 11:17

So lets get to the root of why people are unhappy or frustrated on here, despite this now being one of the most compelling mining stories on the planet...

"I want my money back..."

Stock buying is too often based on greed or even stupidity...look at FOMO and watch what happens with NVIDIA etc...

People frequently buy shares because they got a tip...or they follow the money when a share price is roaring...like the guy on here with a break even of 45p from years ago.

Irrespective of my background I learnt a long time ago the following keys

Only invest in something you understand

Where possible specialise (my portfolio is all mining stocks mainly copper and gold)

Research research research...and take a fresh view every day...that may sometimes lead you to sell the lot or a substantial portion. I have twice sold when the share price doubled but also massively reduced when Ingo and Ayten left before building back to our 3 million

Don't panic...weigh the pros and cons and be prepared to take a loss to avoid a bigger one

So...plenty of people on here, including me, are waiting for what we regard as an inevitable takeover bid or bids.

And then its a long time coming...and the share price falls or doesn't progress fast enough..

And eventually people think out loud and blame the company, Scott or even fellow posters.

So the next lesson is always take responsibility for your own decisions...no regrets...you cannot change the past...

So when things go wrong ask yourself what you learned...what you could have done differently or better...

Finally, always have a target in mind and stick by it...it may change when circumstances change but when you reach a target, make a committed decision...stick, sell, sell half...etc.

And of course stop losses make that decision for you.

Read through all the stuffyou receive daily...distil out what is commonsense...listen to the little voice in the middle of the night and live by your decisions.

Blaming somebody else does you no good and you don't learn by it...


Why hasn't there been a bid(s)

There may well have been informal approaches...it would be astonishing if there hadn't.

It was in the public domain that BHP wanted to buy the company years ago, when they settled for a stake at 45p...some people might wish SOLG had accepted a bid with what has happened since.

But actually the story gets better.

It is a racing cetainty that Jiangxi will have asked...and the Ecuador Mining Ministry publicised Mitsui's wish to buy Cascabel...

You don't get that many people on the data room and even signing NDAs without at least some wanting buy SOLG.

And I suspect they all know what the starting price is...

The FNV fundingon a copper gold equivalent basis validates a NPV of $3.2 billion and therefore 80p a share.

Now the Board are legally bound to announce any formal bid, but don't be surprised if they recommend against it at anything less than 80p...

But then it will be for the shareholders to decide.

But then again it is very possible that buyers want only Cascabel. Having thought it through that certainly appeals to me and I suspect the Company would agree to that at the right price because then they would have more than enough to pay a special dividend to shareholders and reinvest the rest in the other 89 projects where there mat well be other Cascabels

But not a JV...

I am certain in my mind of two things (among others)

That the Funding Package has woken up the market and potential bidders big time.

It makes Cascabel credible. I have no doubt that the remaining $900m is doable whether through copper offtake, streaming, smelter deals or even non equity debt.

Why?

Because SOLG now has enough money to take Cascabel all the way to starting the construction of the mind.

There is no missing permit now that can stop that.

Second that the chances of an opening bid have massively increased.

The Funding Package is no bar to that at all.

A prospective bidder can decide whether to take that package on or they could buy it out.

There is a buyback clause in the agreement but in any case there was no buyback in the Lundin package and Newmont were still able to buy it out.

So the company is committed to moving forward to turnkey status. There is no need for the $900 million now..they can wait until the perfect time to do a copper based deal when the price returns to above $5...and it will...

So that means any company seriously interested in buying SOLG or even Cascabel, has to move soon.

They don't even need to do any more due diligence (except the thorough stuff that comes after a successful bid) because the FNV deal was 6 months in the making and immensely detailed DD was carried out on every single aspect of the project.

So in conclusion the Company ideally wants to sell Cascabel but would consider a bid for SOLG if the price is high enough. In the meantime, it is entirely right to carry on doing everything necessary for building the mine.