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Today 23:15Price: 39.25
Solgfinger22,389 posts
Solgers

Am expecting some fireworks in November !!:);)
Strong Buy
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Today 19:25Price: 39.25
schlemiel883 posts
RE: -5% on IG

I wonder if news-flow is coordinated with the options issue impact. Get the options nonsense of out of the way and then hit the market with a great RNS - we need the full demand effect on release of good news rather than it being diluted by options-holders-sellers
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Today 19:09Price: 39.25
zeusfurla15 posts
RE: -5% on IG

GV Funny I had also noticed the same issue with timing around the 1st issue of options and wondered if dates had been manipulated. In any event I imagine it's likely there will be some downside at some point this week due to the 2nd batch of options which need to be exercised this week. I agree - RNS tomorrow likely or Wed at latest. Today's drop followed 5x 100k sales in quick succession - looked to me likely related to options. I was a little surprised that there wasn't much buying activity straight afterwards and price didn't really move much. Could mean a softish SP for a few days until really positive RNS on drilling update. May even happen this week to keep option sales volume down if SP is higher?? Not my area of expertise but of course v positive over next few months once this week is out of the way IMHO.
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Today 19:05Price: 39.25
RichyRich1778 posts
RE: -5% on IG

I’d agree dreamboatwarrior. I think we’ll be around 50p come mid November. I don’t think MRE2 is priced in to the current SP and keep thinking about the article I read (and can’t find!!) someone stating that the new MRE would be mind boggling!
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Today 19:03Price: 39.25
Jerryspaniel46 posts
RE: -5% on IG

GV, what do you mean by the 'new shares issued to BHP hitting the market'?
They don't hit the market, they just get issued to BHP in that they now have another 100myn shares and SOLG has £45myn. There is some dilution of existing holders % ownership, but as shares are below the issued price one could argue that this accretive than dilutive to a valuation.
NB Obv the shares could hit the mkt if BHP were to sell them but I don't think anyone thinks that has any likelihood.
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Today 18:55Price: 39.25
Dreamboatwarrior4,049 posts
RE: -5% on IG

Hi Rich .... really appreciate your updates
Not sure re options but you could equally ask how IRR went up 5% on low volume ..... whatever the reason today it is nothing more than a blip .....DBW
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Today 18:49Price: 39.25
RichyRich1778 posts
RE: -5% on IG

Interesting theory goldenveg. I think the next round of options are for staff and contractors (might be wrong!) but if that’s the case I’d imagine they won’t have the same available capital to exercise the options the same way Maxit did with the options last week. If it were me I’d need to sell off some shares at a profit to then buy the options at the strike price. Could explain the selling rather than buying below BHP’s 45p placement. Need to get the options out of the way then hopefully onwards and upwards!
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Today 18:46Price: 39.25
goldenveg662 posts
RE: Irwin on CGP_SOLG

had seen that even though its a youtube fav channel but must have skipped past the cgp solg references

https://www.youtube.com/watch?v=Am6wLaUhTfc&t=354s
Strong Buy
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Today 18:35Price: 39.25
goldenveg662 posts
RE: -5% on IG

im meaning the new shares issued to bhp hitting the market as stated on the 22nd oct or could it be someone de risking and selling off before they hit the market ?
duster ,
i guess your talking about the options still active till the 28th oct not yet taken up? different track to my thoughts.

looking back something i do notice is the last exercise of options were announced to hit the market on or about the 16th oct.
the bhp issue of equity at 45p was announcement was on the 16th oct
now was this planned to maximize the price differential on the 16th to pay for options ? i dont know how these things work.
would something else on the 28th be too much of a coincidence
the last options were taken up 5 days before admission date rns 11th oct admission 16th oct expiry 17th oct and so announced 6 days before expiry.
if similar pattern
28th oct expiry minus 1 day =27th oct for admission minus 5 days 22nd oct = anytime now to announce they will be exercising their options.
just a thought for tommorow ?
gla dyor lth
Strong Buy
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Today 18:22Price: 39.25
schlemiel883 posts
RE: Irwin on CGP_SOLG

It's as though the Canadians fall out of bed and the price starts being 'played' with - the activity on the book this morning was flaccid and then when the afternoon comes around (the TSX opens) we become very active - obviously SOLG's Canadian based holders or Can. based traders
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