Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Kohaku, love a Japanese Whisky - bought myself a little bottle of this for my 25th birthday - 7 years ago :(
Nikka Taketsuru Pure Malt - from a whisky specialist in Manchester. Lovely jubly. Then went to Japan on holiday and was able to get the same one for around £20! should have stocked up... We also have a Japanese dog - Shiba Inu
Hi red knight. It’s a classic dilemma, they were doing nicely and sat in the stable income corner of my ISA. I should’ve dumped them in March but once the divi was suspended they crashed and I was left pondering the average down / catch the falling knife scenario. Having a 54p average was really good once .. not now! Oooops. That said, my Solg holding was largely built up by catching assorted falling sharp cutlery. Sorry everyone, in other news, Solg ...
I love that you're classing the UK as a non corrupt regime. Totally laughable.
Holders maybe forgetting that this is Ecuador and the jurisdictional risk is medium to high. This isn't Australia, Europe or indeed the UK. SOLG being bought by a major is important to prevent SOLG shareholders being exposed to unpredictable risk that could well be better managed by an international company with a broader political reach
The continual tedium of activism that resource companies operating in Ecuador are exposed to damages investment and exposes shareholders to losses
Hi Scrat...personally I wouldn't touch LLOY with a bargepole...nobody has any idea about the prospective bad debts that all the UK banks may be racking up...I bought LLOY thinking they were a steal and then sold again...mind you if somebody bid for them that would be a different thing...it's good that they're not exposed in the way banks were pre 2008, but that means its a pretty unexciting low profit business model...
AIMHO as usual...
Interesting Kohaku..I hope you understand that my posts were well meaning and supportive...?
Great thread. Refreshingly unlike so many on LSE. May you all make profit!
I'm selling my house in Blackburn....
If you say so. Yawn
Regarding your question about the big banks, Citi have been hired by Solgold as corporate advisers in order to protect Solgold against a hostile takeover. Nick Mather's stated aim is to take Alpala to production, or otherwise for Solg to get acquired at a price that represents close to full value. The current share price of 26p is nowhere near full value and leaves Solgold open to takeover bids at a price of say 50p - £1, which in NM's view is still well below full value. Therefore Citi will be advising Solgold on corporate strategy and tactics in order to protect themselves against such a bid. Solg is paying Citi for this service and it does not represent a view by Citi on the investment potential or otherwise of Solgold.
Stockbrokers and the research divisions of banks will produce analyst's reports, including share price targets and buy/hold/sell recommendations on the shares that they cover. Larger and better known companies will be covered by many if not all major brokers and banks. Smaller and lesser known companies will often not be covered by the bigger equities outfits. The other day, BofA initiated coverage of Solgold with an 83p price target. In my opinion this is a good sign when one of the largest banks in the world is covering a smaller Mcap stock like Solgold. The more analyst coverage a stock has, the more likely it will be for fund managers and institutional investors to have it on their radar and potentially invest in it. Lack of analyst coverage can hold back some stocks as it limits the audience of prospective investors.
The research and analyst coverage is a product in itself that the banks and brokers are putting out and or selling to their clients. It is meant to be independent from their own sales and trading divisions and they are not just pumping stocks that they own themselves (large US banks are prevented from prop trading for their own account anyway nowadays). However they will have their own wealth and investment management divisions who will feed their research to their clients, so again in my opinion it is a positive development for banks such as BofA to initiate coverage.
Mate, it's an internet chat board.
There are good and bad people, don't take it all so personally.
Well hello anyway Kohaku. It is a spectacular buy In for most of us, and my £1k a month drip feed sounds quite lame in comparison. And anyway, I can’t decide on more solg, digging out lloyds or topping up cty while it’s cheap. So much for my portfolio strategy. Poor Scrat, hugs solitary profitable acorn convinced this 26-27p rut is engineered and that something moderately exciting isn’t far away now.
Hi redknight
I shouldn’t have to explain myself to anyone let alone a chat room
But il have a go then I can be judged again
I’ve literally read this forum everyday this year except March time during the COVID lows so missed the opportunity there as I was away
I’ve watched all the webinars etc etc
But maybe I couldn’t get my points across my questions were around investment banks forecasts and citi banks role
I’m very comfortable and don’t see the hysteria around investing 55k ish here as members have said , and I have some in sipps/ fund/share isa etc and I’m in no rush for a outcome and so far so good am I not 15-20% in profit
But I didn’t just jump into a share
First I opened investing in the Woodfood funds sold out before that went south
Then other funds with no real return or excitement over 2 years, bought Bhp but the share price has not really gone anywhere but paid dividends then into sirius/ solgold as I said on the strength of reading articles a little at the beginning that’s all, until this year
Now my job/ business carries massive financial risk but worth it you win you loose so risk to me I can deal with as my former career was in the army So my entire life has been taking risk
Hope that settle my angle on thing's
And just a foot note other than working hard for my money , I found myself in a right time right place moment of Japanese whisky due to my business being based around japan this made me a lot of money another diverse investment but it paid and some so I put the money in solgold
So any fellow whisky lover especially Japanese say hello
So newbie or not to investing, but I have zero knowledge of finance markets and institutions that was where I was coming from Because my business Has nothing to do with this side of life
Il bite my tongue in the future and just watch from the sidelines enjoying Suntory times
In ordinary circumstances I wouldn't disagree rcgl, but right now SOLG is a far better investment than mainstream FTSE shares IMHO...and I have a raft of them...former high yielding blue chip shares that tanked yesterday...
I am still of the view that until COVID is done, gold/silver/copper is the place to be...the others are reinvestments on a 5 year view with prospective yield of over 15% if they return to previous dividend levels...and that's where my SOLG profits will go also...
Personally I think for a novice investor putting all of your money into one investment is insanity. Doesn't matter what share it is or how good you think its prospects are, it's asking for trouble. Would suggest a new investor put most of their money into a core portfolio of cheap funds and then only invest a portion they can afford to lose into individual equities, especially high risk ones.
Some of you guys have been investing longer than I've been alive, if you really want to put all your investible funds into one asset like Solg then that's fair enough, I'm sure you're fully aware of what you're doing and the risks you're taking. For a new investor I think it's just crazy. You might have been lucky and picked a winner in Solg, you might not. If you're investing with no research based on what a mate said then it will be just blind luck imo.
Agreed but people put far more into SXX, including pension pots; entire savings; etc.
I'm not a novice but £260k is a huge investment for anyone...so I'm not judging...I had over £100k in ATYM and more than doubled my money...I wish him well...
Apologies accepted. The point is if you're saying 75,000 SOLG shares is a big commitment for a novice (i.e. approx. £19k at current prices) which is most certainly is, unless you're rich, then £63k is a humongous investment. Risk management out of the window and all that.
I stand by my post yesterday..
"Mon 19:38
Does make one wonder.."I have no experience but 75k into the stock market."
Either lies or crazy stupid. Take yer pick."
Apologies...but so what...based on the general optimism here he'll be able to buy a terraced house in Blackburn with his profits...
He says he's got 250k shares - that's nearly 4x a big commitment!
Kohaku. Assuming you are genuine, I'm sorry for the response you've received on here. I've filtered some of these guys, but in general they are a good bunch, some very knowledgeable and you will learn a lot just by reading the objective posts.
Everybody has to start somewhere...75,000 SOLG shares is a big commitment for a beginner, but I won't knock that as Mrs and I have 1.3 million...
However, this Board is not an investing academy. If you visit often enough some of the answers you seek will become self evident.
Whenever a novice or relative newbie asks my advice I ALWAYS recommend doing as much research as you can. There is no shortage of it: with SOLG you could start by reading all the RNSs for the last 2/3 years; also Google is a mine of information and the sort of elementary question you pose can be input into Google to get some of the answers you seek.
As to Investing in general, there are sources such as Investopedia, but also again you can find explanations of specific topics by putting them in on Google.
I hope this helps and good luck with your investment here. Personally I won't even consider selling a share until they at least double my average (c20). My opinion is that there will be at least an initial bid; it would have to be at least 50p to be taken half seriously; and the final takeout could easily be £1/1.25 or more.
Good luck and AIMHO as usual...