Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone 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.
Another 35,279 shares, just too cheap, brings my average down a tad, into my SIPP account which i dont intend to draw on for a few years yet
Just same when someone offloads 2.5Million and I hope you are right with your thinking.
Whoever our seller is, they really are going for price destruction. This looks hostile to me. That's 2.5m sold at 8.55 when in more careful hands could have been sold at 10p+
What will happen to the SP when XIB close their short of 155 million shares...?
Adikt, why is everyone's conclusion that differs from yours wide of the mark.
The more the sp drops, coincides with a your desperation to stifle any and all who don't toe your ridiculous, everything is rosey narrative.
There must surely come a point when even diehards like you realise the games up
And to me it doesn't. No matter how small the amount he invested, do you honestly believe that either he or the others would be prepared to chuck away cash? Sorry, but I'm not buying it.
He is the CFO of a listed company... he may be young, but he is no peasant.. To me it showed a lack of genuine belief in any financially positive outcome in the current circumstances.... and he has full knowledge of what, if anything, is taking place.
Orthern, could it be that Stackhouse may not actually have much spare cash? He's still a youngish man and, like many people of that age, has not had a chance to accumulate capital. Personally, I think your conclusion is very wide of the mark.
The increase in volume is an interesting one.. but its only a small increase in the grand scheme of a share with 3 billion shares.. my guess is a midsized investment outfit, that never came close to a obligatory notification, throwing the towel in.
The director purchases where very small fry..
The purchase by Stackhouse was laughable.. almost like he was instructed/encouraged to buy some by board members, with the sole aim of helping sentiment, but he couldn't bring himself to actually invest any decent wedge... With him knowing what he knows behind the scenes...... Reading between the lines, (which is all we can do these days), that was hugely telling to me, and quite a concern with the state of play behind the scenes... Our board are trying to monetise this asset ASAP, and he couldn't bring himself to invest more than a few grand on the outcome....
I think we are all asking ourselves where the bottom is. The director buying put a floor under the price for about 24 hours. The market is extremely bleak for explorers at the moment and we're going to have to raise funds in the next 6 months or so (assuming we have the foresight to not leave it until the very last minute).
Despite what some say on here, volume since the end of September has been much higher than the 3 month period preceding it. Who is offloading the stock?
Othern indeed a long uphill. I am deep under water at the moment. What keeps me here is that the price per pound of copper in M&A deals should value Solgold at much higher levels. Debatable what a good price per pound is, but there are some statistics out there. Funny enough one of those has the Solgold purchase of Cornerstone at $0.03/lb. Which was the lowest in that table.
https://www.spglobal.com/marketintelligence/en/news-insights/research/copper-ma-2022-metrics-peak-on-green-energy-push
We were around 20p 6 months ago..
Share price needs to triple from here just to get back to the 20p levels, a level many would say still undervalues Solg.
I cant imagine any signed Investment protection agreement gets us any where close to that.. As far as I can see, the only thing that is going to get the share price back to anywhere near 20p now, would be a sale or JV....
The CGP team have been a colossal failure here since they took over.. but will absolutely have the brass neck to claim a huge success, if they can ever get any signed deal over the line that is circa 20p, as they will boast about tripling the share price.... bonus all around boys!!
and Red is still spitting out his £1 plus valuations.. pathetic
Agreed Jezzoo.
Reds been boasting 'just topping up' every few pence drop since 30p.....
Public spending ATM is a blunt instrument, if more of the responsibility for spending of public money was taken locally it would hopefully be spent in more relevant ways than it is now.
Jezzoo that's exactly what I have been saying.
When I say the richest 25% must pay more tax.
Firstly it attacks inflation much better than interest rate rises.
Because you are addressing money supply directly.
Next it allows for the SSA to be restored to 85% and thus reduce council tax.
This allows more money for food and partly addresses the cost of living crisis.
Also we need to attack the deficit.
Unfortunately I believe the main reason for cancellation of HS2 is for a budget giveaway next month.
HS2 is badly needed for so many reasons.
Just building it will allow more investment into this country and into the north of England.
Or to put it another way...ASSET value is
$6.1Bn Gross (or 197p/share) and $3.4Bn Net or 110p/share at current prices and
$8.6Bn (£277p) Gross and $4.8Bn or 155p/share Net at Oliver's highere prices plus copper at $4.20/lb (which is where it was 6 months ago...)
All constructive contributions welcome...
Quady: Yes I do, that's what leveling up is supposed to about, the South admittedly creates more wealth but we as a country should have an equal opportunty to access to the public purse.
Italian...thanks for your numbers...very illuminating...
Here's some more...
Based on Michael Oliver's video, gold could go to $2500 and silver to £38 in the interim...(he's talking about a couple of months).
Also his arguments about Junior Miners (Explorers) is very persuasive...(me and mine have 250,000 GPM shares predominantly in Junior Gold/Silver miners; I also hold EQX as you know). He makes the sound point that Juniors are unfinanceable at the moment so that, together with possible manipulation by prospective buyers, may be why we are down here...unloved...
The interesting thing to me is that the SolGOLD SP was definitely correlated to the gold price and that link seems to have broken for the time being, maybe because copper has been hammered...
However...using Oliver's numbers, assuming those revised gold/silver prices around the turn of the year:
Copper at $4.20, Gold at $2500 and silver at $38 adds 3.4 BILLION to the NPV to give 42% gross and 32% net
But even at current prices, the revised NPV would add 940 MILLION to give 30% and 23%
And all that is without taking account of the downward revised engineering costs which are expected in a revised PFI based on what Scott has said previously...
Onwards and upwards...
Obviously has no life.
Jezzoo interested on your prospective as a councillor.
Today the SSA is 61% as an average across the UK's councils. I believe it used to be 85%.
Do you agree with me that we should go back to 85% and so greater council receipts are taken from general taxation.
This I believe is one of the main reasons for the cost of living crisis.
The working poor pay a bigger part of their income from expenses that take up a bigger proportion of their income.
This is just one example of our economy being unbalanced.
The debt will take decades to pay down, whoever is in charge will have some hard decisions to make, hard in not popular with the public or their voters in particular.
The only way to pay it down, regardless of political affiliation, is through taxes on goods and services, profits, inheritances etc. Plus they will make up some other taxes to fill it out, road pricing etc, basically if you are living and breathing you will pay more and when you die they get a lump sum.
Only two ways to do it, ripping off the dressing in one very painful short lived rout or a dismal existence for years on the never never.
Whilst I am a local councillor( yes really), I wouldn't want to be taking the flak the higher ups will inevitably get.
Will these go the same way as the shares Red bought at 17p to convince his readers that we had reached a laughable low?
He's bought the company 3 times over with his 'trades'.
Jezzoo - that's all fair enough.
I do however think it'll be difficult to pay much more tax than were already paying. Just look at how the allowances across various taxes have been trimmed or slashed, CGT being one such example.
The tories have been pushing more and more into taxable grounds yet there will only be a fuss made if Labour up the rates by a percentage point here or there. Par for the course, of course.
Of course fort. its the money markets, its the drerampers, its the imposters, its the blackrock stooges, its those paid by lse to disrupt the board, its those people padmaster writes ditties about, its the weather.
one thing is for sure. its nothing to do with solg.