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Seems to be a lot of greenlines around today lol!
Muppets everywhere!
I am pleased that I am able to motivate the SP.
No, I want my rewards in the here and now, not in the here after. Although investing in solg is like gambling that we will go to heaven and not to the other place.
Can't be much longer with the cash running low.
Yes, good job! You've managed to do this on a regular basis and I only wish you'd do it more often. Some people may say you're talking tosh, but not me. Your unerring inability to guess the direction of the sp correctly is one of the most accurate counter-indicators I've ever come across. People are making fortunes on the back of your wishful thinking.
Keep it up! Your reward will come in heaven.
Cheers Add, it is a beautiful country with lovely people. I found Manila overcrowded, but interesting. I prefer Cebu. I was last there in 2014.
See how I got the SP to turn around😆
Sorry, I should have asked you, what does this 'inexorable slide to 5p' actually look like? Because I could have sworn the number I'm looking at on the screen begins with a nine.
Eloro, yes, I shared a house with a Filipino at university and lived in Manila for a couple of years, albeit that was a long time ago. I still have a number of friends there and have maintained an interest in the country.
Add, the inexorable slide to 5p is in full swing.
You sound pretty upto speed on the Philippines. Do you have a family connection with that country?
I have been to Davao, General Santos, and Tacurong City. As a Western, no problems encountered. Mind you, that was in 2001.
Should have done it earlier, novice. Could have got multiple % more shares. As I say, just don't act when slug does and you'll be golden 👍
Falling like a lead balloon today 🤣🤣🤣 (strengthening nicely though what with all the codswallop posted this morning)
Makes you wonder what will happen when we get some seriously good new!🤑🤑
Anyway topping up my ISA allowance as we speak guys
Don't tell needalife
Agree drake, brute force is a show of strength, knickers to the UN and the globalists
Bodes well going forwards if there is zero tolerance on serious crime and a pro capitalist agenda
Booker Prize for Fort
I heard Elvis bought them using a loan from the Loch Ness Monster....
Looks quite measured thus far on ISA trades ... brokers will have been briefed and from past experience they tend to get orders filled within first couple of weeks and certainly not first day.
As predicted... volume looking juicy again with over 8m traded in first half of the day.
Still no TR1's after the 60m block of shares traded. I do wonder whether one chinese entity we know of is handing stock to another entity we know of lol! We might hear about a second chinese firm taking a 5% slice soon.
Now what would the market think then? CRCC Tonguan and Jiangxi owning over 11% over SOLG... mmm now that would get tongues wagging.
Haha. A watch pot never boils. An embarrassed slug tries to blame 'woke' for his inadequacy. Night follows day.
There's an interesting comparison between Ecuador and the Philippines under Duerte. He was wildly unpopular in the international community, but hugely popular at home. His measures against the drugs trade were brutal and pretty barbaric, but did he care about what the UN said? Nope. He delivered really significant growth to the extent the country is now the fastest growing economy in Asia. The key difference is Nobby is no Duerte. He's not an unsophisticated yob.
Duerte's biggest mistake was to align the country with China, something Marcos has reversed and growth has continued apace. The Philippines has had a civil war going on in the south for decades and Mindanao is not a place you'd want to visit as a westerner, but still the mining industry invests there.
Has any of this deterred inward investment? No, quite the opposite and the US, and every major European nation has done what every nation does when it deals with a regime that may be a bit suspect; it pinches its nose and carries on regardless. It's called Real Politique.
I think it's great that Noboa is acting with force... really shows that Ecuador could be getting itself cleaned up for good. No wonder Mexico upset as clearly their corrupt man is going to be leaking like a tap... wouldn't surprise me if he's got info on a few other top mexican players which were previously affiliated with Correa.
There's no way Noboa would have been allowed to do this (by the powers that pull his strings) without full backing. Bodes well.
Noboa looking like the man to turn Ecuador around and I would guess the business world is paying attention now.
I doubt we need any relations with Mexico at all. What's Ecuador's exports to mexico?? Likely minor.
Noboa has IMF coing to his table in 4 to 5 weeks time. He'll want to show them that GDP will be on an upward curve and mining could account for 15% to 20% of total GDP in a few years time.
Well done Noboa... you have plaudits all aroud the globe already. The lefties are on the rack in suth america after having their day in the sun and are clearly worried about what's coming next. Correa's days look over now. Noboa looking very solid ahead of next Feb's elections.
“The war on terror has provided cover to ramp up a radical pro corporate agenda, an agenda that could potentially defeat ecuadors leftist movements”
Swap terror for wokery and immigration and that’s what we need in the U.K.
To use the ' silver or lead ' analogy, Noboa's Government will want to offer not only the 'lead' punishment for gangs, corrupt officials etc, but also the 'silver' rewards of new investments, alternative legal trade and industry.
Or to put it another way...
The value in the ground is...
Copper $118 billion
Gold $73 bn
Silver $3 bn
Total $194 billion
At 1% is $1.94 billion or...
51p a share..
And that's before the bidding starts...
To say this is a no brainer is an understatement...
Compared to PFS3...
Copper is 0.53c higher equivalent to a $14.5 billion uplift in the ground
Gold $633 higher equivalent to $20 billion and
Silver $5 higher equivalent to $0.5 billion
Total $35 billion more value in the ground at Cascabel
At a very modest 1% of value in the ground that is $350 million or...
£275 million.
Exactly equal to the current MCap...
Astonishing....
And yet there are idiots who run this down..
Just a heads up for future reference - now would be a better time to buy than first thing. When the price is lower. That way, you make more money if it rises, and lose less of it drops.
#tradingtipsforsimpletonslikeslug
Bought another 200k at 9.22
Haha! Slug is so upset he keeps getting my posts pointing to his self-imposed losses deleted! With metronomic predictability, he will now claim it's not him having them removed, because his fragile ego won't let him admit he's asking for help from the same admin who repeatedly banned him for not knowing what can and cannot be safely posted on a public forum.
Is it about £300 in 3hrs now, slug? When do you recommend buying some more? I'll do the opposite 🤣
Will buy back in end of week.