George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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I think the big question is will Solg put their stake in ENSA up for sale as a defensive strategy in order to preserve the potential pipeline value . That could create an interesting sideshow and a special dividend.
rcgl2, my point is sure Solgold could be taken over, but if it happens, it will be hostile, and won't come cheap.
I just don't believe that any major would pay the price.
Hence onwards we go.
You are correct rcgl2, BT is a huge animal to takeover, and would take time. Personally I don't think it would happen. However Openreach, where a lot of BT's value resides, is not owned by an outside company.
But you are correct that in order to purchase BT, you couldn't just bid.
The governance part of ENSA is subject to the same restrictions, the purchasing company, would have to change governance in order to comply with ENSA, and the Ecuadorian government.
That's my take on it anyway.
facts clearly not your strength either
Q, interesting that you mention the possibility of BT being subject to a bid and taken private, possibly by private equity groups. This is exactly my point about why Solgold could be taken over by a major and yet Solg itself, all of its subsidiaries, governance, licences etc would remain in place, including most importantly its holding in ENSA. The fact the top co is acquired and taken private does not have to mean the group structure below it changes.
Think of the absolutely critical role BT plays in UK infrastructure and national security, it is the backbone of our communications network, it owns the entirety of the openreach broadband infrastructure, it is subject to massive regulatory oversight and obligations. If any takeover did occur it would no doubt be subject to government sign off and no end of guarantees and commitments from the new owners. However, if it did happen, the BT group and its current businesses would remain as they are now immediately after the takeover.
That makes ENSA's water licences look like nothing in comparison. However, a BT takeover is a realistic possibility as they have instructed advisers to defend against it. By the same virtue, a takeover of Solg is not unrealistic, irrespective of the licences and commitments of its subsidiaries.
Earthling facts are not your strength.
I spent over a year on this forum, before I purchased any Solgold shares.
You said I was a deramper, because I asked lots of questions, as I had never invested in a mining stock.
Then you said I was a paid deramper, and always talking Solgold down. When I got my Vodafone dividend for the sale of Verizon in late 2013, I used it to buy 1.8 million solgold shares over a few weeks, and posted my purchases on this forum, at exactly the same time as I pushed the buy button, so those with level 2, could see I was none of the things you accused me of. Then you accused me of being a trader, which I wasn't ( doesn't matter if I was ). You know my position.
I don't trade and I have sold at various points in the 30's, s0 have recouped all my money and more.
I currently hold 1.2 million.
I will not buy more as that is my investment strategy in companies that don't pay dividends.
It makes me money, as I am never drawn in by individual events.
Please desist with the snidey comments.
interesting that you haven't felt the need to buy any SOLG stock for many years, despite ramping it every day on here for years?
A good point Scrat, also FTSE 100 companies do go bust and you lose everything.
Before loading up with individual stocks, Have a look at city of London investment trust if you want some stability and dependable dividend. JP Morgan have a european investment trust which does much the same. There will be others, and the Investment Trust structure has its merits. Won’t make you rich, more importantly, in normal circumstances won’t make you poor!
Cheers Q and DBW, much appreciated. Plenty of research for me to get my teeth into.
been buying small amounts of Lloyds in last few weeks, telling myself, they can't get any lower, and have been constantly wrong. However when this is all over, they are shifting to paying 4 dividends a year.
I like to look in my ISA and see some cash.
Just a heads up Barry.
BT may undergo a bid, downside is the 10 billion pound hole in their pension fund, and the fact that they have to strip out lots of Huawei gear over the next 5 years.
I am currently looking at BP, as recently announced that they are no longer exploring for oil and gas, and will not purchase any projects, as they plan to go to renewables. Share price has taken a dive.
These are not recommendations, but something to keep in mind.
Agree Q re Vodafone, bt and even Glaxo looking cheap now .... 6% return at these levels too
Cant believe Rolls Royce price either but that probably holds more risk
Thanks guys. I’ll have a good look over the next few days to diversify my portfolio that is loaded with Solg and not much else. Not as much Solg as some on here but I believe it’ll pay off a good chunk of mortgage in the near future. If not I’m happy to wait til production.
ATB Barry
Barry, here is a list of the ones I already own...if they simply returned to their last full dividend they would yield an average of 15% plus on the prices I paid...if all goes well here I may be able to get that seven higher on the further purchases of the same...
AV, BP, BT, CNA, DLG, GFRD, INV, ITV, LGEN, MNG, NG, RDSA, SLA
Hope that helps...DYOR, AIMHO and good luck mate!
PS the list was put together after a day's detailed research...
I don't make recommendations Barry, but I will tell you what I hold for dividend payouts.
Approach with caution as only two paid out dividends with Covid.
DLG
Vodafone
LLoyds
BT
I hold a few smaller companies, which don't pay dividends, Solgold is one of these.
TIP: When calculating the dividend of some of these companies, do not take notice of dividend payout by percentage on websites.
Instead look at the dividend history and then the share price, and do the calculation yourself.
DLG is a point in question. The yield is about 10% at the moment, but if you look at fundamentals, it's about half that.
Haha. Cheers Q. That’s my Friday evening sorted.
ATB
I agree with you too DBW...I also bought some a little early and am down an average 10%, but they'll come storming back and they are for a 5 year view...
I bought back into HOC today at the bottom as well as my SOLG purchases...
My strategy is that when I sell half my SOLG (at no less than double bubble but hopefully a great deal more), I shall buy more of the echelon of quality FTSE former high yielding; stocks...
For the time being, apart from those early entries, my portfolio is dominated by copper (SOLG and ATYM), gold/silver (HOC/SOLG?GPM) and other speculative miners (ARC/JAY/ADT1)...
Everything in a massive ISA so I look forward to a tax free income of c£80k pa if all goes to plan...
GLA
Barry get a set of darts, and pin the FTSE 100 to your dart board, I doubt you will go wrong.
So I have a base of where to start would you guys, DBW and Q, like to let me know which blue chip bargains you feel may be out there? I have no idea where to start but I can read this afternoon then. Thanks in advance.
Barry
Yep Q ...... unfortunately the vast majority of my money is tied up here and it’d be crazy after all this time to jump ship
I am with you DBW on blue chip bargains. Problem I have, is that I own quiet a few and brought them at higher prices, but they will come back. Great time to build a dividend portfolio.
I’d actually take that too now , as there are so many dividend paying blue chip bargains ..... I do feel though it would be cheap
I look forward to you keeping your promise Earthling, but suspect you won't.
I'd take 60p for the lot right now so I don't have to endure some of the regulars on this BB any longer, I do actually meant hat.