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Are you serious...?
Looking at the pattern of trades today I would suggest the MMs are in a panic because of the shortage of stock...
Apart from our new friend below, who would sell after yesterday...?
Is this a foretaste of what's to come...?
There will of course be bouts of selling as we move higher.clearly some people dont want to take the risk of making shedloads of money....
Shorts closing?, looks like 12p will be broken today, hopefully we will soon be back in the high teens again
Far too many warning signs with this, I'm out with a small loss, good luck to all.
Pbow, looks like his comments have gone. Well some green boxes have disappeared today.
Vanishing green box galahs. Maybe admin don’t like them? They finally have good taste unlike the bitter galahs!!
Merry Christmas!!
Needalife well I think it looks like a pretty credible statement to be fair.
https://twitter.com/ItsWarrenIrwin/status/1740240340463001701
Told you top up like me novice. Anyways, at least you're finally back at break even.
😉
My watchlist is mostly blue today , even HZM up 67% so I wouldnt bet my house on this rise .
DBW I've jjust checked that trade, which I believe actually was made at c10.45...
The SP had fallen back from 10.02 to 9.61 in just over a minute...so Ithink the 1.25 million at 9.639 was a Buy and the SP bounced from 9.61 to 10.18 in just a few minutes...
Now I wonder who made the Buy...hmmmm...
Thanks Eish, but I don't think a bid is causing this..
Mind you, markets are notoriously leaky so it can't be ruled out.
However, I think there are two significant things about today.
1 The market has been consistently illiquid and it was therefore always likely that concerted buying would push the shares up sharply. Market size in SOLG shares is 50,000, but very few trades were better, at or near that level. That is definitely a sign of a shortage of shares in the market.
So the first thing I think is significant is that the price kept goin g up; it closed close to the day's high, 37% higher, DESPITE the fact that some traders will have taken profits and some investors may have cashed out.
That augurs well for the next few dealing days, but especially into January.
Just keep in mind that a risin g share price has to pause to 'refuel' from time to time...
2 Assuming there is no bid in the immediate offing, not only may today's action have made prospective bidders reassess their starting bid, but also the sustained pace at which the SP rose and the certainty that this is still massivbely undervalued, PLUS all the other things that are happening...rising copper and gold prices; the gathering momentum of a Junior Miner Bull market; etc....
Might just kick bidders into action earlier than they would have wished while the SP was steadily and slowly drifting away with nothing apparently happening
So my overall conclusion is that we aint seen nothing yet and despite occasional setbacks in the trajectory, one of these days we will wake up with a big smile on our faces...
Then the only decision left will be when and how much to take our profits...
Good luck all...
Cooper and Gold going strong today as it was the share price
Gold spot $2,077.68 +9.84 (+0.48%)
Cooper $3.9552 +0.0532 (+1.36%)
Just love your comment, Talatum! Ha, ha!
You’ll never see the likes of numbnuts or copper tosspot on strong rise days, they’re too busy sacking their pants that a bud may be coming.
As for talatum. Really? What kind of person aspires to a new skoda or Kia or for that matter an ugly golf cart jelly mould like a Tesla?
Encouraging comments from Mr Middelkoop
https://twitter.com/wmiddelkoop/status/1740084472509509988?s=21
Evening 1984 ….. a few posters very conspicuous by their absence today wouldn’t you say ?
Eish ,I was thinking of a second hand Skoda . May now wait and see if I can afford a brand new Skoda or at least a Kia lol Happy New Year to you and all the posters
Higher metal prices and a call now to slash interest rates to fend off a deep recession
If only there was someone who was clever ever to forecast exactly that
Other point red is that is well through the 100 dma of 11.093. Hopefully whatever caused today’s jump continues until at least we hit the 200 mda of just over 14p.
Shame no money can buy you a brain, hey scarecrow slug? How's your homework? 🤣
indeed a few more days like themis and red might be able to trade in the ****pot for a decent merc once more
Ortherncopper, not long now and the PI's will be discussing yachts and cars again! LOL. Must be a few russian serious models for sale, ha, ha!!!!! Update on Astons Martins and smart Mercs, electric or Hybrid etc.....
Red, just keep the "Good News Coming from the Redknight"! It calls for optimism and the New Year is not here yet!
Please continue informing us from your perspective, never mind your critics! They can filter you, bah!!!
So something has happened behind the scenes, yes?
Bid, a first bid perhaps?
Obviously on the back of shorters now deciding enough is enough cause the price of Au, Ag and Cu are going to the Moon in 2024! And we are Tier One - not with piddly little bits of the metals but serious amounts of ALL 3! Take your pick!
Suddenly, I am glad to be invested here, in spite of a roller coaster 10 years!
GLA Eish!
Phew, what a day 😅......
Remind me the good old days of solomon gold.....just a little.....
If its true about history tendon then we are there for a treat 😉
GLA GUYS.
Chinese need to bid their 35-40 before it increases to 50p.
Indeed red. Atym also looking good. Hoping 1sn picks up soon as well. As you previously opined, little free float so does not take much buying to sharply increase the sp. Cannot think today just seller ended or shorters closing. Must be more to it than that.