ok, I will regurgitate this thread cos it good place to land my thoughts...
maybe I should have called it drunken thoughts.. but most is thought in a sober state - just written in a drunken one, and the spelling is cos I on a mobile and have fat thumbs...so I can spell fine.. just my typing lets me down.
But I digress, so if your attention is still held - get another load of BS from BS.
SOLG: the last play in my DGR investment strategy..
collects what ? 38 New tenements ? BS nearly sold out on that !!!
why ?
Cos it looked like ol nick was up to his old tricks - " woo hoo says nick - this baby is worth heeps (SOLG) lets take all the capital from SOLG and make it bigger - forget the shareholders who want a penny - we can use the proceeds from SOLG to fund another 38 effectively new companies !! lets grow and grow and grow and never return a penny, cos it doeasnt bother me - I get fistfuls from dirctorships and blah blah blah..."
- It is kind of like having harem but in another country and you never get to see them... whats the use or point of paying for that ?
BUt here is why I am happy not to have closed my position - Newcrest have stumped up and are prepared to pay the bill this time - not DGR !!
sure we get little dilution - but now instead of whatever % we had in cascabel - we have A little less percentage in 39 possibly world class porphyry's..
I believe what we got exposure to, vs the dilution, is well in DGR favour - thank you NCM !!
Further - I want to re iterate - I do not believe the SOLG SP is driven by drill results - it is driven by corporate activity - and if the dealings fo the last week does not convince you of that - there is nothing I can do but agree to differ.
IF, we got some drill results and the price went up a penny or two - I would agree - but it does not - it has kid of gradually grown - and I think more in anticipation of corporate ctivity based on good results than the result themselves.. hence the sp plummeting as the insiders found out a dilution/CR/NCM investment came to the fore... funnily enough, we settle at what a corporate is prepared to pay... point and case..
IMO.
GLTAH, this roller coaster ride aint over yet.
And I still hold at this poiunt, until the JORC is out at least - cos it looks like the SOLG business plan is a long term constantly evolving one - maybe cascabel gets sold to BHP.. leaves NCM and SOLG with 38 apparently viable prospects to explore exploit...
not the end of the world...
Sentiment not changed,,, BUY
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Mkt cap ! $15.65M |
Open | High | Low | Value | Volume |
1.5¢ | 1.5¢ | 1.5¢ | $1.92K | 128.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 427121 | 1.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.6¢ | 540000 | 1 |
View Market Depth
No. | Vol. | Price($) |
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2 | 427121 | 0.015 |
1 | 600000 | 0.014 |
5 | 703325 | 0.013 |
2 | 443333 | 0.012 |
1 | 181818 | 0.011 |
Price($) | Vol. | No. |
---|---|---|
0.016 | 540000 | 1 |
0.017 | 221755 | 1 |
0.018 | 1027000 | 2 |
0.019 | 613240 | 1 |
0.020 | 1532270 | 2 |
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