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SH, you won't change mine of any one else's mind because we are right and you are not. And just to help you a bit, we were free to sell the shares from day 1. And what does 'if they are sold, we've sold shares that were not available for money' actually mean?
You are very clearly out of your depth here, so I suggest you return to your habitual topic of extolling your own genius, which given this recent exchange, is looking distinctly frayed around the edges.
How many of those shares have traded since the merger, add? Wouldn't call holding them in company ownership 'available'. They are owned by the company, and hence the company's shareholders. If they are sold, we've sold shares that were not available for money. Dilution!
Anyway, I've no interest in changing your mind. If you believe selling these shares will see Scott make good on his promise to fundraise in a way that doesn't dilute PIs, good for you. You'll own a bit less, but you'll be happy because you haven't noticed. Go about your business.
I meanwhile, will be glad I didn't sit on a load of shares whilst the price took a nose dive. And I'll keep my powder mostly dry to jump back in when the dilution is over 👍
SharketMare your investment has not been diluted because the company is worth twice as much.
Dilution refers to the value, not how many shares in issue.
Yes, they were. They've been 'available' ever since we merged with CGP.
We're those shares available to be traded when Scott made his comment, add? I completely agree that, had he spoken when the company didn't hold any of the 3bn shares, and all 3bn were available to be traded by shareholders, then they were in issue and in circulation. But he made the non-dilutive claim whilst they were owned by solg. An asset. Ready to cancel or sell, but owned proportionally by all holders. So if solg sell them, compared to that point, any shareholder who doesn't buy them is diluted relative to their proportional ownership at the time of the statement. This is why I've maintained all along that, from the point of his statement, selling these shares would be dilutive
Jerry, you're missing a treat.
Somehow I doubt that she will
SH, you state that 'when a company issues more stock, the existing shareholders 'own the cash', but a smaller share of the company'. Putting to one side the question of a Rights Issue, which allows existing holders to avoid dilution, you are right.
However, there's one fatal flaw in your argument - if we sell the 155m we are NOT issuing any more shares. They have already been issued.
You'll get there in the end.
There's another interesting article about copper in today's paper.
The headline is "The world's on the edge of a copper supercycle" and is written by Tom Stevenson who is an investment director at Fidelity - in other words, he's not a know-nothing journalist.
We're all familiar with the argument, but I'd still recommend a read.
The discussion about dilution, accretion and shares outstanding is very illuminating as it tells me immediately those that understand finance and those that don't. I would filter anyone who doesn't understand as it brings into question all their opinions relating to a Solgold investment imo, but as I haven't seen any posts by someone who doesn't get it, I am assuming that I already have. So my judgement appears to be spot on!
Only 29 trades in the first 2.1/2 hours...only 10 AT...total value £45k...
Is this it...soon...?
Shameless - there is a perfectly good BB for 1SN and I can see you're already ramping it over there. Latest post claiming it'll go to 50p.
Back to the 8’s today?
It will come good here eventually.
You just have to have patience before one gets what they really want.
:)
Quady not understanding dilution is up there with the funniest things I've read on this board. Earlier this week we had BBG not understanding at a UT was and now this. From someone who claims to have been investing for 40+ years too. Must have the luck of an Irishman.
In fact TMX has closed anything up to 9% higher than London for at least the last 8 trading days...
And remember, Canada is a global epicentre for mining finance...
M22 9.14 9.28
T23 8.9 8.99
W24 8.72 8.99
T25 9.11 9.28
F26 9.33 10.17
M29 9.79 10.17
T30 9.2 9.86
W01 9.2 9.86
SOLG closed at 9.86 on TMX...oddly quiet this morning...
Only £32k traded in the first 80 minutes...Offbook outnumbering Autotrades...
This happened last Wednesday and I thought then that the market might be expecting something...
Who knows...long overdue...
O/T Byron...1SN have posted a DFS with a Net of Tax IRR of 34% at the current tin price...
6.75p mid price and at last I'm in profit...
End of.
Vintage QUADSWALLOP! I’ve had a good chuckle at that this morning
It’s his classic playbook
Make a stupid error
Double down on it
Realise it and try and squirm out by rubbing dirt in others eyes
Next bit when he’s still humiliated and can’t wriggle out is to ignore the thread for a few days and come back onto something else
Well he started it again today for no reason..
Leave it Novice...try the filter button...I sleep easier and don't feel the need to respond to idiots...
Quady you DO own less of the company, it's just that your share of it is worth the same monetarily.
My argument most definitely does NOT say you've lost money !
read it again.
You have lost 50% of your SHARE of the company because the share count has doubled, but because the shares are still £1 a share your 100,000 shares are still worth what you paid for them.
You said "If you are permitted to purchase one share for every one you own according to you, you have not diluted."
If you are permitted to PURCHASE one share for every one you own you have now spent TWICE as much to own the same percentage of the company. If you don't spend anything then using your statement above you ARE diluted !
I'm not confusing anything
The SHARE price hasn't been diluted.
Your holding as a percentage of the shares in issue has been diluted by 50%.
Please read it again as you read what you wanted to see the last time.
So I'm going to have to filter them as I'm really not interested in their childish spat! It's gone on for far to long and has clogged this board up with "you said I said bo££ocks!"
Jezzoo dilution is where you end up owning less.
For example if shares were issued to give to directors you would be diluted as your stake would be worth less.
If you own ten percent of a million shares you're argument says you have lost money.
You haven't.
Let's try and explain this another way.
If you are permitted to purchase one share for every one you own according to you, you have not diluted.
That's correct but you have doubled your stake.
You are confusing control of a company with dilution, they are not the same.
Commenced*