The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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.
There is room for those wanting to comment and those wanting to wait...
Anyway. Despite the price, any buy above 30k shares (the market size) has been above 20p....the rest is illusionist dross...I
I’ve ..... looks like the price is where it is because it has to be ..... as to why, there are plenty os possibilities
DBW,THAT ONE'S BROUGHT IT BACK OVER 20P
This is a med/long-term hold. With the possibility that an offer could come at some unknown stage. So the long term case to hold is there as is the short term case.
Simple if you look at it in those terms. I'm happy to hold although sad than the exciting days seems to have past(for now)
I will continue to monitor the progress here regularly but only because I have a wider interest in the markets. Remember solg is just one of many shares out there, so chill
hi Montecristo, i have the feeling that the share price has suffered particularly because investors / potential investors have come to the conclusion that the likelihood of a buyout has become less and less and there is an increasing probability that SOLG will go to production - with all of the delays you note in your med to long term hold comment.
Of course there are other factors too such as the court case last year and the shadow of future challenges in the same vein.
So too the newsflow drought which saps confidence.
I shall stay invested for the ride here because after 6 years i'm not going to allow myself to become worried enough or cheesed off enough to press the sell button.
All things being equal, i still think the med to long term reward outweighs the risk by some margin.
Exactly.
When some of us invested 5+ years ago, going to production would have been madness as it adds years of further development and uncertainty.
If the company had put a proper On Sale sign out, the company would have been priced closer to a takeover target price and would have maintained or even reinforced that position as SOLG progressed through its exploration programme.
We have lost half the price and more in terms of potential price on the speculation that someone might call NM's bluff and pay through the roof, while we could have easily achieved 60-80p a year ago, and moved on from there to the development of the other targets.
hi TheItalian, i tend to agree with you that things could have been handled differently.
I would much prefer a sale then we could all move on.
Nope, I want to be invested in a major not a junior as long term you are looking at £10+ should BHP, RIO or others allow the progression of SOLG
Blimey there's confidence for you........
If they become another major then SOLG should reflect major share prices:-
BHP - $55
RIO - $58
Vale - $13
Newmont - $43
Barrick - $18
AA - $14
Southern Copper - $40
Teck - $14
McMoran - $11
Personally, I would base SOLG mostly to Southern Copper although SOLG have the addition of Gold :)
with respect, £10 per share is ludicrous imho - it simply won't happen because at some point SOLG will be taken out and us private investors will have our shares bought.
I think we will do very well to achieve £1 per share
We are all entitled to our opinion RICH, I think your £1 statement is also ludicrous!
Think you are wrong when you say we'll be taken out!
The concessions on a whole are far too big for just one major as it has been stated many times before
KB, of what relevance are the share prices ? It's about market cap.
I've heard all the statements before.
I bought into Dragon oil at 3p per share and when they consolidated I heard the same quotes of doom that they would be lucky to reach a quid when after the consolidation the price was 64p.
Got full whack when they got taken over of £8.00
The similarities are here again
hi KB, please note that i did start my post by saying 'with respect' as i always try to be friendly unless speaking to trolls.
I simply don't believe the existing majors like BHP will allow SOLG to become another major - in competition with them.
addicknt, share price is surely relevant to me and you as shareholders?
I would be over the moon, leave £8.00 I can bit NM hand off at £2.00
KB - dragon oil was my first share. Bought for 2p I think I got my dad to buy some too, I got a tip from a mate who’s brother worked in the city when they were 1p something and thought I’d missed the boat to be honest. Time passed, I pretty much forgot about it, actually lost my share certificate in a move at one point and had to get a duplicate issued by some Irish firm, and finally sold when company was sold
Lovely jubbly
Solgold is taking its sweet time and I’m as peed off as anyone at the moment, but patience does often reward. Although I hope I don’t have to wait 20 years for this one!
Addicknt! Come on!
I'm not evaluating the company in it's current state and I totally understand mcap but share price reflects the financial health of a company and it's prospects. Currently financials don't really play a part, until such times as a mine is up and running and we know full well what the assets are worth then mcap comes into play. To say £1 for a company that has one of the biggest copper find in the last few decades - could be getting bigger - along with over a dozen highly prospective concessions is folly.
Period!
Rich, I didn't word my post clearly.
From what I could see, KB was implying that because the share prices of the various companies he mentions are x, y or z, that ours should be, or become, similar. I know it's possible I misinterpreted his post, but the price of its own is irrelevant.
I saw someone else post something similar on another board today. He was trying to equate one company with another by saying because their sp was 4 p, so should ours. Obvious nonsense.
Grimbergen, I've waited 9 so far in another 9 where will we be?
According to other we won't be here, I disagree!
Ditto KB re Dragon Oil, I remember initial offer was some £6.50 and was eventually raised to £8.00..... Booootiful was that.
Mind you took about 10 years !!!!! I was 25 then and cashed in at 36. I'm now well north of 50 : (
hi addicknt - fair play and i get your point.
For those who still wonder what market cap is - it's the share price multiplied by the number of shares in issue
Bingo!
Btw, I wholly agree with you about the future as an independent company...it ain't gonna happen.
On the same note we have been compared to Wafi - Golpu mine in size however that was prior to the updated resource estimate and with MRE3 due it is looking bigger.
Wafi-Golpu was estimated to have a worth of $ 9.9 billion which if professional comparison is correct would value Cascabel the same. Now with the shares in issue at SOLG then like for like would value just the Cascabel concession at around $5.14 (£3.93) per share. Include Blanca, Timbara, Porvenir, Hueca, Cisne, Sharug amongst others and you are agreeing this is worth just a quid.