London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Sorry mog...thanks for your post...just caught up and read the article, which actually STARTS by referencing the Goldman Sachs forecast that I posted.
It also mantions Wood Mackenzie as follows:
"Nick Pickens, research director of copper markets at Wood Mackenzie, said, “Cost pressures and the larger volumes required for an accelerated energy transition have implications for the industry incentive price.”
Under this scenario, the copper price needed to meet demand rises substantially to US$9,370/t (US$4.25/lb) in constant 2022 US dollar terms, compared to US$7,716/t (US$3.50/lb) under the base-case."
and...
"Wood Makenzie says low-carbon copper demand over the next 20 years is the equivalent to 60% of the current market size. The uptake of electric vehicles (EVs) accounts for 55% of this demand – the largest single sector contributing to the rise in copper demand.
The offshore wind segment will grow sevenfold by 2040 under Wood Mackenzie’s AET-1.5 scenario, with wind power generation rising by an additional 1.0Mt of copper a year.
Solar power will also see an increase in copper demand, with additional consumption of 1.1Mt a year expected over the next 20 years under a net-zero pathway."
Which is very bullish.
So why would earthling/needalife post the only negative bit in the article rather than the reasoned case set out...
Because that's the way he/she is...
Because the article is quoting the December R&E quarterly which said:
"Little recovery in prices is forecast over the outlook period, averaging US$8,100/t in 2023 and US$7,900/t in 2024.”
But if he had troubled to read the latest detailed March 2023 R&E quarterly forecasts, he would have seen that they have revised the 2023 and 2024 prices up to $9,699 and $8619.
The current price is $8856...so that implies an average price of c$10,000 a ton for the rest of the year to hit their target...
Thats $4.44 compared rto a current $3.90
Sounds pretty bullish to me...especially set against SOLG marketing the second biggest new copper/gold prospect in the world for sale...
Thank you Reknight1 for your very helpful advice.
Thats very fair and constructive comment Bozi.
Its the mindless sometimes angry negativity that I find tiresome...
People getting angry out loud because they're frustrated by losing money (on paper) but don't invest the time to constantly take a view and average down or sell and buy back until they have an average where a fall from 22p to 18p is irrelevant in the long term perspective.
I cannot understand why a sane person who claims to have held since the days of AIM would get so very very angry and negative on here rather than keepo it to themselves.
You know me...and I welcome constructive posts that draw attention to possible negative factors...they can help inform my trading at the margins.
But you and I know we will make serious coin before very long...just a matter of how much...
Its frustrating to feel so helpless when so many of us think we could do no worse if we were running SOLG ourselves...(thats not serious BTW but there are a few desktop jockeys on here who know far more than Scott, Nick or Sangha...)
You are one of several posters who I welcome on here and elsewhere.
meanwhile I now have over 50 filtered (talking of which I see Slug/Bonkersman has disappeared again...pity!)
OK earthling...I've tried to give you a second chance and be patient, polite and constructive, but I'm fed up with your constant negative and sometimes abusive drivel, which makes no sense when you say you've been invested since AIM...
You have zero credibility, especially when you post:
"Most of what I refer to, was before we were honoured by your presence."
"Member Info for redknight1....Member Since 2nd Mar 2010"
So I'm sorry, but earthling/needalife...You're fired...(or filtered).
Maybe the doomsayers are still invested because they're clinging on to the hope pushed out by those who are positive?
The only people who find the current situation acceptable are those who strongly believe that a corporate transaction is looming into view.
Personally, I'd like to believe that's true but I'm not confident at all.
As for telling people not to post their negativity, that's a slippy and dangerous slope. Both sides of the argument should be posted as both clearly exist with SolGold right now.
It's easy to turn the confident tones on their head and say "how will you feel if a deal doesn't come off and SolGold ends up in no-man's land?" influencing people to hold is treacherous but I suppose the message becomes "well you were a fool for listening..."
Everyone has to make their own decision and own their own decision. I don't think it's quite as clear cut as some think, but there's a viable reason why I might be wrong and someone else right.
Just as a reminder, both Clare and Caldwell divi'd up $200k in December. I'm certain they did this knowing the whole thing was a total s**t show.
Less than £20,000 T/O after 3.1/2 hours trading...
But nobodys selling...
Better still, why not all ignore the one seeking attention, it is you lot that are feeding it. Just ignore and it will go away and stop biting every little piece of c*ap it comes out with
Atb
Rk. Gone completely over my head. If you wasn't so up yourself, you would realise, the £4 by Xmas etc was referring to others ridiculous claims, not my views. My view is and always be, solg is a sh#t show. Posters on here are in denial, and if we get 53p I will be amazed. Most of what I refer to, was before we were honoured by your presence. I suggest you stick to counting the money you've made, and don't post on what you don't understand
So why not filter padmaster instead of indulging in childish tit for tat...?
Surely you're bigger than that?
You’re wrong kalbari, my old friend - not me that reported you; (though I concur with the thousands who did so).
Or to put it another way mate...
As you've been here since AIM...and you daily post some of the most negative stuff on here...
Why on earth are you still invested...and why are you still here...is your purpose in life to make people miserable?
PAX?
Oh dear needalife...did you drink too much on ANZAC day...do you have a split personality...?
Re your post below, can I remind you of some of your previous posts:
"Just for a bit of fun, let's start a game of guessing the share price when we sell.
My guess... 53p."
"If the same 40% premium is paid to solg share holders, as what newmont are offering new crest. It will make our shares worth apx 28p each, at today's price. Maybe we will get a 500% premium to get to that elusive £1."
"The price fall could be a buying opportunity and some share chat forums are full of speculation about a possible takeover bid."
"I clearly stated I've lost small fortunes. Hardly a seasoned pro, as you claim I am."
"I never once said, or even implied that I thought the risk was to high for my investment. "
"Monte. I am invested in solg. And might add, since the aim days. I have high hopes of a profit with solg. "
"£4 by Xmas, in mather we trust"
And finally...
"It's just a platform for people's views. So absolutely no point in wasting energy being abusive to others with a different view. "
"As has been pointed out I'm a bit dumb" and "I'm not the brightest spark."
"Just read the dm&a. Im not to bright, as has been pointed out. "...
"Just gently trying to tell you. Your beginning to sound a little bit silly."
MD&A mate...g'day!
Not me kalbari.
Ps watch out for those Spiders.
If anyone wants to read the full article that needalife is quoting from, here is the link
The article is more balanced than what needalife is portraying, but you are all old enough to make a more informed decision about needalife from the full article
https://tinyurl.com/4rhvy6dt
Talatum...if you are worried, do you have to post negatively out loud...?
If you are that worried, why haven't you sold up? If you believe what you read you could have sold and bought cheaper, viz my 200k this week, sold at 22 plus and bought back at 18.55...
While we are waiting there are opportunities to tradxe at the margins of our current 2.2 million shares rather than posting that SOLG could go bust...
Oh dear needalife...
Please find me even one of my posts that substantiates this statement:
"I was responding to rk, daily telling us that copper price was rising, and forecast to continue upward"
Thanks needalife for your reasonably argued post about copper prices...
Actually if you checked back, the vast majority of my posts to do with the copper price have an analyst, broker or market commentator article attached.
This is one of the best from one of the most respected houses on the planet...
https://www.reuters.com/markets/commodities/goldman-sachs-expects-commodities-supercycle-2023-03-21/
"On copper, the forward outlook is extraordinarily postive. We'll be at the lowest observable inventories that have ever been recorded at 125,000 tonnes. We have peak supply occuring in 2024...Near term we put (the copper price) at $10,500 and longer term our price target is $15,000 a tonne."
A week ago, LME copper stocks hit their lowes since August 2006...a year ago they were four times that level...
Worryingly, Russia owns 42% of that stock
https://www.mining.com/web/russian-metal-makes-up-42-of-lme-warehouses-stocks-report/
And Trafigura has designs on it
https://www.reuters.com/markets/commodities/trafigura-plans-take-large-amounts-lme-copper-sources-2023-01-17/
I don't know where Oz gets their info but I believe they are well off the mark...
And then theres tin...
Rk you keep on posting my friend ,nobody listens to them anyway
Well said, RK.
Well put redknight.
Some of the current serial spoilers should heed your comments.
Talatum...please outline the circumstances in which SOLG would have to seek administration...?
"When a company goes into administration, they have entered a legal process (under the Insolvency Act 1986) with the aim of achieving one of the statutory objectives of an administration. This may be to rescue a viable business that is insolvent due to cashflow problems."
SOLG does not have cash flow problems and, even if it was at declining prices, with the rich assets we have, it could continue to issue equity ad infinitum...
You also said "and has need for huge capex without which it cant generate revenue"
How many times do you have to be told...Scott has categorically affirmed we are not a mine builder...
The process of selling the Company has been well underway for 6 months now and, even alllowing for the c8ckup over the Delay which led to the need to issue a MDA and revise the Prospectus, these things take time.
And BTW needalife...this isn't about negative comments, even though references to administration would scare some uninformed people witless, its about the fact that if ~talatum was genuine in that post he doesn't even begin to understand this company and what is happening, so should think b efore posting something that might upset some nervous holders.
Now some people think I am too positive, even calling me a ramper through self interest.
Of course I'm self interested...if anyone on here isn't self interested they must either be a deramper, stupid or a serial spoiler (and we know we've had some of them in the past...)
Also the most self interested person in SOLG is Nick Mather and while he hasn't been my favourite person in the past, he's got my back and your back because his 90,634,554 shares says so...let alone Tenstar and DGR etc...
He's lost c£20m on paper in just over a year but he's not sold a single share in years.
I post positive comments, news and anything useful to encourage people to hold on, because anyone who is still holding here is going to make a shedload of money some day soon and when the first announcement is made it will be too late because either the shares will be suspended or the SP will catch fire...
GLA
I see Quady says (today 8.40) that he is the only poster on this board who understands commodity price moves.
What a bunch of thickos we must all be.
Also he wrote 'their' when he meant 'there' and 'there' when he meant 'their'.
One thing I agree with That the price keeps falling ,not surprised no news forthcoming imho
needalife hi,
I am a LSE member now for 7 years (as you probably noticed anyway....) I have posted in many different forums over that period this one is my longer holding/posting, AND,I never changed my username (unlike some....) so this amount of 8200 is not much compared to some IMHO.
so,now you know.....
ATB .