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Inflation isnāt ārequiredā itās being stoked to try and inflate our way out of debt caused by the horrific and stupid lockdown policies
A lot of people are feeling the pain of these policies now.
Faith in fiat is waning fast and wealth is shifting away from western economies into new hands that wonāt back the dollar or bonds
Gold is a traditional wealth store and the old saying is it buys you a quality suit. It did in 1980 and it does today so itās an inflation protector.
Itās way undervalued now and i predict a run at 3000 plus
Apart from Quantative easing, money is printed by the Basel three accord and is calculated mainly by using capital tier ratio one.
Hence this feeds into currency fluctuations, and is self balancing.
Hence why fiat currencies are resilient.
The ones linked to the Basel accord anyway.
If you look at borrowing, which is what capital tier ratio one is used for, then you understand how money is created and destroyed and how economy's are measured against each other.
Inflation is required in short measure in order for government to increase borrowing as a percentage of GDP.
Hence why things are not as bad as people think.
Good evening Quady.
Out of interest how will this balancing show its self?
The more printing the bigger the crunch is going to be.
Even Labour were spending Ā£1 in every four they didnāt have. Itās only got worse since.
Hate it when people say the uk is one of the richest countries in the world. Itās big but in debt, not rich compared to many western/developed countries.
Good evening Aquinaga.
What I believe will happen is Fiat currencies will undergo a balancing as government debt will change exchange rates when to much debt is ascribed.
So some currencies will fair better than others.
I believe this is also part of the inflation equation that is currently happening in the Western world.
As this ultimately devalves the currency.
At some point government borrowing is going to be constrained and inflation will only then start to erode the debt piles of nations.
By the way I support HS2.
I believe the government has cancelled this to give tax cuts at next months budget.
Awful decision, and shows a complete lack of understanding of the value of much needed long term projects.
The payback would have been under three year's even if it reached 120 billion.
Just more short termism.
*Quady
Quad thatās generally true.
Eventually though all this printed money is going to come home to roost. I believe itās certainly added to the recent uptick in inflation.
Yes the Kitco gold articles have banged on about this for the last 15 years to my knowledge but it will one day become a major problem. But when? Bit like Solgold, eventually!!
Quady , the voice of reason as always .
How many times has the price of gold been discussed on here.
The likes of Redknight and others on here were predicting between 5,000 to 10,000 dollars an ounce by 2020.
Saying Fiat currencies had had their day.
Rehearing the same arguments.
It was only me and BNC who got it right.
What people forget is the downward pressures on any commodity, they forget that in a rising market, that the commodity gets overvalued and then falls again.
This is basic economics.
Thank you Eish.
The debate about gold and its potential rerating has indeed gone on and on for a long time, Willem Middelkoop is another advocate for the topic and to be honest it gets also officially debated at central banks' meetings.
With global debt ballooning, it's possible that even the Fed might eventually orchestrate a gold/dollar rerate to devalue the federal debt.
Now, the interesting part of the interview and a good reason to listen to it is the logic around where capital flows might go and how that could benefit the exploration companies. Even if he is half right we should see an uplift here.
Agreed Fort, but there must a volume seller ATM, but why be selling in volume now?
I'd like to think it's someone selling a few million shares to drop the price pre bid to make opening cambit look better but that doesn't seem right.
The SP is mad right now and the management must be feeling the heat pre AGM. Madness, but good to see copper holding steady and gold rising. C
The illegal artisanal miners are making more out of Alpala right now than SOLG shareholders. The irony is... if SOLG released a smaller PFS that was more weighted to Gold recovery (higher grade areas) than copper, I think the market would wake up. It's very easy to dismiss SOLG as a copper only player but the reality is the Gold and Silver ratio's would put some Gold miners to shame.
26.7moz of gold!!! 92.2moz of silver. If they mined just 1moz gold on a small scale mine (tandy open pit 150koz) that would justify a market cap 3 x today's level with ease assuming average industry AISC's and 100% interest.
Chuck in the same Silver and moderate level of copper and off we go!
The trouble is... the market is not aligning SOLG to Gold price moves because we are no where near being a producer. By the time we produce, Gold could be back at $1300oz.
If Scott and co can get a PFS out that shows a small scale mine but large scale profits, then perhaps the market will wake up.
The mirador model looks the most obvious and is proven to be liked by Newcrest, Chinese and Codelco.
How much is Mirador producing? How much capex was required? How much profits are being generated?? This is the benchmark in Ecuador as only meaningful sized mine producing right now. SOLG can easily better that.
Iāve said for a while now this will end up being a good play simply because the big green push is going to fall flat on its face.
But the beauty of an asset like this is it has copper and gold (and silver too) and as he says in the interview, when gold is again the only thing performing the explorers will move fast.
How long dare a bidder wait?
Https://kingworldnews.com/michael-oliver-10-21-2023/
This man is incredibly positive on Gold (and Silver to follow). Will there be a $600 or more advance in the POG within weeks?
I know that these predictions on KingWorld have been wrong and dismissed for a long time but, if Michael Oliver is right, we might be in the right share at the right time. Just imagine that!!!!! Listen to this interview and I would value your opinion.
The elephant in the room is a panicked US central bank and their huge debt and nobody want their bonds. US 10 year is in trouble.
Thanks Fort. That all sounds reasonable, apart from the two streamers buying stock. That'll never be their game unfortunately.
The rest I can get on board with.
Should test 2000 then weāre up and away. A gold run and a world full of morons trying to electrify things, how could this not come good??
Bozi,
At these pony levels, you might find Osisko or Franco buying SOLG themselves and watch them farm it out to a major for $1bln.
The way the order book operated today suggests there is a seller. There is also a buyer and the latter is playing hardball and the former doesn't seem to give a t0ss.
Could be Fiera Capital (Europe) LTD or Magna New Frontiers N Acc ... look like same outfit. They dumped 8m shares a while back and had about 7m shares left.
Might be Blackrock, they still had about 16m shares left I think.
Doesn't look like any of the bigger boys are selling like Norges, Chinese... as TR1's required.
The 3 larger funds such as below have about 85mln shares between them but neither have sold any for months and if anything have added.
Konwave AG
Franklin Advisers, Inc.
Global X Management Company LLC
Not sure about our vocal BerryStreetCapital boys but think they had minor holding anyway.
Now we are post elections and risk reduced somewhat... I'm very surprised Chinese have not stepped up and loaded up with some cheap stock. Is that them just being savvy ahead of a bid, eg not really wanting to support the price as doesn't suit them and can't really get enough volume in open market to make it worth their while.
It certainly is Stackhigh..
Got some more (beer not shares)
Cheers Add. Let us hope that we get some news before the agm.
Even by red's low standards this is desperate, pathetic stuff.
Eloro, sensible decision in my opinion.
Heres a couple of possibilities for the 'close period'...
1 There is some sort of deal for one or more of the 'outside' properties, say a J/V..remember we now own the former CGP properties...
2 There is a prospective stake sale of the 'Treasury' shares.
Now before you panic, suppose Scott has said to the three 'players' "the first one to bid me 17p gets the stake...?"
Watch the SP fly then...and not just to 17p...
Scott has made clear there is news coming and that the SP should be at least twice the current price.
Which strongly suggests he has something up his sleeve...
Best wishes
Hi Add,
I understand your position regarding not voting against Scott, or the other directors who will be up for re-election at the 2023 AGM. I have arrived at the realisation that in order for us to remove the current directors, we must have capable and qualified candidates to replace them, which I don't think we have. Much as it will pain me, I will vote for and not against the current directors.
I guess those redundancy/dismissal pay offs and Scotts expense living lifestyle soon adds up
I emailed Solg asking them if they could highlight how the 50 million Osisko money has been spent.... No reply..