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Ha Orthern the irony
Have no problem with Italian posting whatever he likes at least it’s thought out. However I don’t agree
Can touch $4700 , …….,,
Totally clueless as usual, metals in the ground contribute no income to Solg currently and they have no strategy to monetise that either……..
Give it up with the Noront analogy, Noront may as well be a tech company the fundamentals of each company are so different…….
Morning Quady
1984 does let himself down sometimes and does have some very forthright views but some of the content I think isn’t too bad. There are too many keyboard warriors around these days and unfortunately that’s the way gen z is going.
Just been reading about F1 in mexico and how they are trying to educate people spectating to be more tolerant on social media. Apart from a Perez fan attacking a group of Ferrari fans it seems to have worked.
Regarding your other points I agree with a lot of it but I think rates will drop it needed to be managed better, raising rates 14 consecutive times when a rise takes 12-18 months to take effect was freaking nuts, no wonder they will instigate a recession.
Ironically Boris’ success has been the torques ultimate undoing, too many egos within a huge party which has led to a stalemate and infighting, at least Corbyn has gone, small mercies, they just need to get rid of Rayner and then it might not be too bad……
Not sure I can vote labour though, may have to vote green but that’s a wasted vote really………
Share prices can go anywhere... as the market doesn't appear to care much about asset values until it's forced to. We know the story of Noront... market rated the assets at 21cents. The market was correct of course until proven wrong which is the mantra it uses. You see, the market has no shame (like a few posters on this BB ... you included Ortherncopper with you constant bashing of SOLG and any poster that remotely says anything positive).. if the market is proven woefully wrong... it just shrugs and moves on like nothing has happened. But those able to buy at 21cents on noront and finally exit at 110 cents thanks to the bidding war that followed BHP's initial 55 cent offer... well.. they are very happy that the market is such a poor valuation tool. They are happy that they saw the value that the market did not.
Nothing to support the share price?? Do me a favour... or has gold, copper and silver all dropped to 0.1p per oz?
I've just had a quick look at their accounts, which proved to be interesting.
For the year ended March 2022 they made a profit of £10m . This fell to £4m for y/e March 2023. All of the profits were distributed to the three members.
So, despite running a failed fund the managers pocketed 14m in the space of two years. If you ever needed proof that hedge funds win whatever happens, this is it. The same is true of private equity - the two and twenty formula is a guarantee of riches.
Italian.. Prepare for the usual suspects attacking you now for the temerity of suggesting the share price could fall lower, due to having nothing to currently support it.. A common sense, rational view, but not one shared by most banging this drum every day, who get very tetchy to a contrarian view..
Good morning Tesla1.
Slug is the most unintelligent poster on here.
His prediction on interest rates is just as wrong as his hateful and rac.ist postings on ethnic minorities and his views on women.
He also believes in some sort of uprising to challenge woke memes.
He is a charactuture of everything that is wrong with an individual.
He knows nothing about finance.
We have to remember that interest rates are still low in a historical context.
However because of the debt burden both government and individual debt, it's difficult to raise interest rates further as will have no effect on Money supply as money supply needs to be constrained on the top 25% of wealth in the country.
This has been known since 2005.
And if taxes had been rising for the top 25% of the country, we would never have had Basel two and a UK Banking crash would have been softer in 2008 as capital tier ratio one in UK banks would not have been ludicrously low.
We need over an extra 100 million of taxes next year just to stand still.
Otherwise the deficit goes up further or we need to cut the NHS and education budgets.
This is not conjecture.
We have an aging population and as we have less tax payers and more people in receipt of pensions, plus increased costs for the elderly.
Never thought I would say this in my lifetime.
But we need a labour government as the conservatives are just kicking the can down the road.
1984
There is a mountain full of metals etc but whether they are available economically is another question.
Your other points, well obviously I don’t agree with your prediction for electrification away from fossil fuels as that horse has already bolted.
On rates I’m not so sure, I think they are way too high currently and probably need to halve quite quickly but back to zero or negative can’t really see that.
Anyone fixing, for 5 years, on their home would be pretty miffed if they were zero in a years time
Like I said NAL, was not replying to you, so not sure what your beef is with me ?
Clearly illusions of grandeur and I sincerely hope the many tick ups on an anonymous BB brings you a feeling of well being and usefulness in society buddy 😉 Have a great life and hope we all eventually make a decent return here ( which bar all the recent nonsense am sure we will)
ONWARDS & UPWARDS!!!
Eloro, major public companies have managed physical meetings which are attended by hundreds for years and a good chairman has no problems maintaining order (whether we have a good chairman is another matter - who will ever forget his shameful performance at the 2020 AGM?) As for timing, that's why I suggested only one question plus a follow-up for each investor.
If you look back at our recent online interactions, it's the case that relatively few people ask questions, so I'm not sure how many more would if the format was changed. It's also the case that AGMs only ever attract a minority of shareholders.
There's been much criticism on here about the handling of these meetings and if things don't change, I've no doubt those complaints will continue. We want greater management accountability and transparency, so why not request the company something to do about it? Whinging from the sidelines strikes me as being rather pathetic.
I don't wish to pontificate here, and I would be in no position to do so anyway, however I observe a fundamental misunderstanding about the relationship between corporate strategy and relative activities, and the share price.
The dynamics of corporate activity and share price are unusually decoupled, each driven by its own drivers, so it's impossible to pass a credible judgement on one based on the other.
Given that the IIs are all already positioned so they are not signaling a strategically bullish or bearish sentiment (bar Berry St but that was a different story), the trading volume is low, the company has officially committed to a review process that takes months and creates a vacuum of relevant news in the short term, the price is currently governed by traders and speculators.
So take the low price as volatility and opportunity, pick your level if you want to start a long position or buy more, but don't fall into the trap of thinking that the current price is representative of the SOLG value.
Having said that, personally in the current situation I don't think the price can objectively be supported from a technical point of view at any meaningful level except 3-4p and then 1p. I see nothing between 3p and the current price that can act as a support, so I am not buying or selling, but rather wait to see if we bounce or otherwise ready myself to upsize if the price gets really stupidly lower.
GLA
Hi Add, virtual AGMs must be moderated to maintain decorum, and to ensure time keeping. A free for all would surely run over the allotted time, and if my post yesterday is anything to go by, folks would not exercise selective verbalisation of their thoughts given that finance is involved.
If we feel strongly about a particular issue, we can always contact the company directly.
Novice as if by magic. 6 have already agreed with me. When will you get the message
Novice ever since I pointed out that you were a putin apologist, you have constantly, like a woman scorned, jumped in on my every post.
You have picked petty squabbles both on this and every other share you post on. With just about everyone who's fool enough to engage with you. And I might add, lost every squabble, and vowed each time to depart and never return.
I my friend have no desire to be part of your sad argumentative life.
I would rather stick a needle in my eye.
So on that note. Go on your paper round, and reflect on what a sad little chipper inner you arr
Adikt. Not sure how many share holders there are.
But don't you think your plan would end up like a Chinese parliament.
500000000 or so, of all nationalities wanting to ask a question
The meeting would last 5 years.
The mind boggles at some of the crackpot ideas. It really does.
I draw your attention to my earlier post, regarding
Private investers and delusions of grandeur
Don’t flatter yourself in your own self importance nal I wasn’t replying to you and please as you previously said put me back on filter I don’t care too much for your replies they’re pretty formulaic these days and offer no benefits to this bb other than passive aggressive overtones
Have a great week buddy. 💋
One of the problems with virtual AGMs and the various management presentations we've had is that the way the Q&A session is handled allows the board to escape effective scrutiny. The chairman can censor which questions they choose to answer and ignore anything which may be contentious. Similarly, the fact that once a question is answered there's no follow-up - if the answer is unsatisfactory, the team can simply move on. There's also the issue of the meetings being time limited - again this prevents many shareholders from asking the questions they have. To me, this is not shareholder democracy.
Given the various geographic locations it's not possible to have in-person meetings, so I would suggest the board should consider making the AGM 'interactive', in other words like a video conference. The chairman should have no forewarning of the question i.e we don't have to submit them first, and once it's been answered the shareholder should have to right to ask one follow-up question if she/he feels they've had an unsatisfactory reply.
I'm sure this must be technologically possible, but what do you people think? If there's a high level of support for this we should all contact the company and let them know. After all, they've been telling us how they want to improve shareholder communication.
Novice take a look at the amount of people who agree with me, when I regularly show you up for the fool you are.
Then maybe reconsider your constant need to reply to my every post with your silly schoolboy posts.
What a waste of a post and use of chatgpt 😉
Eloro. Now that you've had time to reflect on your
Child like emotional rant, I would like to respond to a couple of your ridiculous assumptions.
Firstly, you keep alluding to my background as some sort of criminal deported to australia. ( I will refrain from the graphic language you chose to use.).
Let me assure you, that once again your schoolboy assumptions are flawed.
My heritage and family history is not, I repeat not British.
Secondly, where you again make yourself look child like.
Australia has not done bad on the back of those British criminals.
Why do you think our immigration system is bulging with brits trying to get here.
Look around you. Potholes, rubbish stroon streets, health system collapsing, infrastructure collapsing, pumping million tones of raw sewage into rivers can't see a G P, overrun with immigrants, the list is endless.
So in future please engage your child like brain. Or stick to posting the thoughts of Warren irwin.
Hikes done, first nod to falls
Kapid. Not only did scotty say so. Adikt has also told us the same many times.
Over the years I've read posts from several clowns, telling us that mather and scotty boy read this board. And not only do they read the board, they actually base some of there decisions on the views of private investers.
After skipping through the hundred or so posts
on here yesterday,
I put it to you, if it is the case, and they do read and act on the posts on here.
It would explain why solg is up sh**t creek.
Eloro, what do you think irwin would make of it
Anon what the hell are you on about mate! The company is in the best position it has ever been in, Scotty said so. Just imagine where the share price would be if the company was in the worst position it had ever been in?
Anon, at least. There is a mountain rammed full of gold and copper and this clown world phase is surely nearing its end
Interest rates will be zero or negative by next autumn , some nations will go green out of desperation on national debt and others will flee to gold
Ignore current SP or top up, Scott and Maxit are in on the drop