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why the incompetent board are not sharing what it takes to steady the ship and shows their confidence? why NM through DGr orothersdoesnt do it?..etc..
Good point ,get rid of office board and site managers ,make an offer for cascabel ,ready made workforce,bring in staff with vast experience in mining to run it ...sound very plausible imho for how much though?,1.5 billion?
"Ray...Im told you are dissing my purchases...how come you're the only clever git in here...?"
Just seen this from red - the difference between you and me red, I'm transparent about my intentions here and not bigging it up while offloading in the background like a venomous snake... your card is definitely marked pal...
French for slug, Gino
Logged on early because I normally miss the fun.
'If you fart, he has to s-hit himself'. Love that one and will use it in the future, but only in selected company.
I normally can see some sort of link to the name but this one has me beat. Never mind, when you're talking about the market and the company, I appreciate what you have to say.
Red - here's a little reminder of your posts leading up to your 600k sold statement (I'm guessing if you sold in chunks you were selling while posting this kind of stuff??) You are Jekyll and Hyde. Is that where the 'our holdings' comes from?
15.78
No Opinion
RE: Sp30 Sep 2022 10:45
If theres a bid approach the best time to announce it is over the weekend...then people will be all obver each other to pile in on Monday...
redknight1
Posted in: SOLG
Posts: 5,959
Price: 15.98
No Opinion
RE: Resignations30 Sep 2022 10:42
Ray...Im told you are dissing my purchases...how come you're the only clever git in here...?
Still filtered...
redknight1
Posted in: SOLG
Posts: 5,959
Price: 15.98
No Opinion
RE: Sp30 Sep 2022 10:41
Agreed...already bought up to 16.68...21% above last nights close...
redknight1
Posted in: SOLG
Posts: 5,959
Price: 15.98
No Opinion
RE: Resignations30 Sep 2022 10:38
Novice...what happend to your Friday forecast...?
Or was yesterday's 5.5p it?
redknight1
Posted in: SOLG
Posts: 5,959
Price: 15.98
No Opinion
RE: Sp30 Sep 2022 10:36
Capitulation Colonel...you always need one last big push down to take out stop losses, shake out the weak holders and kickstart the upward move...
Whoever is bidding better get going soon...
Q..
On new funding, Who can we put in the pot as options??
A bit like red only tells everyone after the trades never before
I believe you to be correct in your overall assessment RK......I did the same exercise earlier in the year.....but stupidly saw opportunity which didn't materialise and lost 40% of overall portfolio value........I have selectively disposed of or substantially reduced the number of holdings....and overall am now about 40% in cash for dry powder later....however 60% of my portfolio in 32 holdings in still in equity.....I'm slightly uncomfortable with the balance between equities and cash.....but am awaiting micro news before selling down any more......what ever...we'll see what will occur.....but after BOE mini pivot I believe that more CBs may indeed pivot at the expense of their currencies and shares may inflate accordingly also......A week ago I did not believe this to be plausible. I do believe in the opportunity my portfolio offers......but the macro headwinds could continue......they will never raise rates sufficiently to control inflation so high inflation will stay unless a total reset occurs and debtor default.
Good luck with your investments red in the future you've been giving us valuable input here for some time now ,am waiting till after AGM see what happens got a feeling more news to come before aswell gl
RK - I did tell you this when you first said that all would be up for re-election.
It was never ever going to happen.
You're not the only one that was told that however. Purely and simply it amounts to obfuscation from the company.
Colonel....watch my lips...I WATCH Bloomberg TV and if you don't you have no idea what you are talking about...
You only get a sample of articles online but I can tell you the real meat is in the multiple TV interviews every day.
Your comment about sponsored articles is one-eyed...
During my conversation with Twigger in 2020 and since, Solgold committed to all the Directors seeking re-election at this year's AGM.
He stated that this was in keeping with the UK Code of Conduct on Corporate Governance.
Solgold has been big enough by Market Capitalisation to be included in the FTSE350 in the last year and whether or not it was, it is the principle that was accepted. Which is:
"B. 7.1. All directors of FTSE 350 companies should be subject to annual election by shareholders."
However, here is the "Annual Form" available on the Solgold website:
"One third of the directors of the Company retire from office at every annual general meeting of the Company. In
general, those directors who have held office the longest time since their election are required to retire. A retiring
director may be re-elected and a director appointed by the Board may also be elected, though in the latter case the
director's period of prior appointment by the Board will not be taken into account for the purposes of rotation."
And here are the Articles of Association:
"19.8 At every annual general meeting one third of the Directors who are subject to retirement by rotation or, if their
number is not three or a multiple of three the number nearest to but not exceeding one third shall retire from office
by rotation provided that if there is only one Director who is subject to retirement by rotation, he shall retire"
So have the Board gone back on their commitment...?
Or have they allowed the SP to slide so that the MCap is well below FTSE350 scale...?
And therefore, will only Elodie, KOK, Maria and Darryl have to be reappointed?
Bloomberg will be pleased. I remember reading one story on there about Gold going to 10,000 and the next day gold going to 1600! Bloomberg cover the stories that are fed to them by their pay masters which is either hedge funds or JPM Goldmans and so on. It's news for the pi's as it's old the minute it hits the terminal.
Lucky for you 600k shares is peanuts to the market so you'll not have any impact. In fact, the buyer today was very keen and out of the gates early doors. Whether they come back next week and continue the trend in Q4 is anyones guess but today's action a classic example of how one moment the board is full of doomsayers saying 10p tomorrow and then all of a sudden they are all gone.
Follow the money... Norges at 30p+, Blackrock in a rush at 34p+ and Franco in for $100m no sweat. They clearly haven't been watching Bloomberg lol!
Good WK all.
You know who the morons are Lunch...
Meanwhile here is a significant statement from the Annual Form which serves to remind us...
"Subject to the passage of any necessary authorised issue resolution and/or disapplication resolution (which the
Company must use its reasonable endeavours to secure), if the Company wishes to allot and issue any equity securities
either for cash (a "Further Raising") or pursuant to a transaction for non-cash consideration (an "Other
Transaction"), and at that time BHP Billiton holds at least 10% of the Ordinary Shares in the Company, then the
Company must give BHP Billiton the opportunity to subscribe for:
(a) in the case of a Further Raising, such number of Ordinary Shares in the Further Raising; and
(b) in the case of an Other Transaction, such number of Ordinary Shares (a "New Issue")"
Red,
Thanks for your reply, all I can say to that is quite simply and without offence No sh*t Sherlock
Enjoy your weekend
2020's
Thanks Mathers and as a final thought, when there is poor liquidity in any one main market it tends to spill over into others, so...
If individuals or private investors cannot sell their equities in the price or amount they want they will sometimes sell more liquid assets to enable themselves to have the cahs not to liquidate. So for example an equity selloff can spill over into gold and other commodities.
Together with the stronger dollar that is what is happening now.
Much of the turmoil of the last couple of weeks in the UK would have happened without the idiotic economic policies, its just that KK was dtermined to throw petrol onto the fire with no prio warning...and remains for the tim e being intransigent...
So one of the reasons why SOLG has fallen is because UK equity markets have had their worst couple of weeks since March 202's COVID fall
Red,
Like I said, you do like to give chit chat and try to smooth it all over with a sort of reasoned reply, surely you didn’t need to spend the day researching what you say you’ve researched?
The moment the Bank of England had to step in, surely there was some writing on the wall, we knew we were in for turmoil when markets opened Monday, well better late than never doing research
Let’s see what you find out over the weekend, maybe you’ll update us, have a good weekend and hopefully a profitable one
I don't read Bloomberg...don't even have a subscription...
Bloomberg TV is on all day every day when I am at home and has been for 20 years or more...
And I do follow internationally acclaimed economists such as Mohammed el Erian and Nouriel Roubini (which is why I've never bought a single crypto...I want to sleep at night (though it wasn't easy last night...)
Looks like today's rise , just might hold.
Hopefully, get back some normality from this week of dread.
Thank you for your constructive respnse Mathers.
I always keep an open mind and may vary even a short term view accordingly.
What spooked me today in the context of yesterday's heavy falls was the whole business of liquidy.
In July 2007 the evaporation of liquidity led me to two fundamental decisions:
I switched my entire pension portfolio into a cash fund, fearing what turned out to be a 40% plus fall in the FTSE.
I entreated the CEO of the AIM property company of which I was GFD to sell all our assets. He declined; I left and a few years later they went bust.
I do get things wrong. Right now our joint portfolio is down over £300k because having decided to liquidate everything except SOLG and GPM, I reentered the market too soon. I am more cautious managing my wife's protfolio and hence she has lost much less than me.
But if you look at March 2020 we were all massively down the pan and lived to fight another day...its just that SOLG is like waiting for Godot...
BHPs/majors own surpluses only become relevant if they take over SOLG.
Can I repeat. I have spent the whole of today researching and watching Bloomberg, including a shockingly naive interview with the UK Treasury Minister (no not Kwasi). The Bloomberg anchors were openly critical.
I also follow Mohammed el Arian closely and he gave a worrying interview today.
Monday and Friday are my major research days and you will have notice that, like DBW, I pst a lot of relevant links.
Of course I can see how my moves might be interpreted, but as I've stated, I cannot move markets even with 600k of sells and I don't waste my time ramping or deramping.
I just honestly and openly share my views, read other sensible constructive opinions and sometimes debate leading to a better understanding for me.
Finally, how can you say I am deramping when I have strongly stated that we are currently holding 1.1 million for a takeover bid(s)...I would have thought that was ramping if anything...?
Always value your comments Lunch and open to constructive challenge rather than moronic...
CODE 1 = RNS
I wouldn't like to be out of this one over the weekend :)