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Yes, you know my view on this, I think the risk for Scott and Maxit heading into the AGM with zero news to offer runs the risk of them losing control whether through Scott getting booted or other means.
They simply 'have' to announce something that will move the sp dial or it's toast time for Scott. You can't come in heralding massive positive change when price is 25p and then 12 months later post merger deliver zero and an sp of 9p.
They are not fools. They know ramifications of that.
One thing to consider is that BHP make low ball just before the AGM and that might be 30p a share. Now... in the event that SOLG have nothing to resposte with... how would many vote? Lets face it... if BHP want the asset, it's better to launch a bid when the sp is 9p as opposed to 29p.
I think there's a real chance there could be fireworks ahead of the AGM. More chance than there be absolutely nothing. So lets see how it pans out.
Not quite following you there? But think you are saying 10p early Dec? Correct?
That's quite a difference from your earlier post saying 5p?
Given the pattern, yes.
Do I actually think it will happen? No
But as I said, I'm not seeing what there is to change things.
More realistic guess? 10p. But I don't know why.
Your turn.
Anon, so you are predicting 5p heading into the Dec AGM?
Correct?
Fort, I know your position.
You think they're going to produce a rabbit to save their skins.
I don't see it, I really don't. Purely because I don't believe there is one to be pulled.
In which case, it's very worrying (or really good if you're like me and want to add as low as possible).
Given that I can see 7 coming up quite soon, it would have to be around 5p.
Wow, surely that can't happen?
Yet, I'll bet there were many who said not long ago, that if this hits 10p again, surely the bids will come flying in?
I suspect that Tex bloke (an alternate handle, without a doubt) actually is not far off the mark and if there were no buyers at 0% interest, there aren't going to be any now and it'll just be dragged out for longer and longer.
The board are now just relying on the big boys to keep them in for the stability, imo and whatever us pis think won't make a difference.
My guess is I'll still be here this time next year, saying the same old.
"Down another 4-5% tomorrow is my bet." You could be right on that one Anon. Tell you what... have a guess where the sp will be heading into Dec and the upcoming AGM.
Let me know what your prediction is on that one.
1984, a ten bagger?
That would be nice, but I've always had 56p in mind.
You know you just get a feeling? :-)
Fort, just because I don't post here every day (usually because I have nothing to say), it doesn't mean I don't look on here and think about it a lot. I've held here for 13 or is it 14 years now? I forget.
Anyway, here is my last top up here, taken off the transactions section of this very site;
SOLG.L 34829ebXXXXXXXX Buy 8.472 24,999 £10.59 £10.00 £2,138.51 24/10/2023
Not much conviction there, because I always had the feeling this was going lower, but it brought my average down a bit.
So I am willing to buy.
But not yet. Having taken everything you've said into account, I still feel absolutely no desire.
Down another 4-5% tomorrow is my bet.
"It's as I said, there's no reason to buy."
Anon, I think you need to stand back and take a look at things over the last few months and review the year. Then ask yourself the same question. All I ask is that you consider the following:
1. The Chinese took a 5% holding at around 16.5p.
2. Directors pitched their option awards at 17p.
3. The chinese bought up another 1% holding at levels around 18p.
4. Osisko chucked $50m at it. Franco chucked $100m. Between them they've effectively thrown cash into SOLG that would amount to close to half today's market cap.
In summary, you have an opportunity to buy at 9p or lower today. If you feel that's not worth the time or effort then that's you call.
But there are plenty others out there (many experts in their fields/sectors) spending multi millions on this at much much higher prices.
The market has a habit of making small pi's feel like there is 'no point' in holding. And just as you sell or decide to buy another stock... it takes off big time. Think about those poor investors in GGP that sold out at 5.8p thinking it's going no where fast after month and months of dark tough times... and then in 2 weeks it almost doubles.
As they say, they key to success in markets is based on risk vs reward. Buying at 9p certainly seems like a better reason to me than buying at 16p a few weeks or months later.
But each to their own. ATB.
It’s a ten bagger at these levels. Mark my words
DBW, I actually said 7 odd, but 7 wouldn't surprise me in the slightest. And lower.
It's as I said, there's no reason to buy.
Until we hear of that monetisation thing, which would see it jump very quickly.
It's very much all to play for at this price, imo, but buy at 8 and in my worst case scenario, you could soon be another 12% down.
I'm clinging to the fact that if there is a sale, it's a multi bagger at this price.
Sorry for the misunderstanding anon
I thought you were saying this was nailed on to hit 7p
That’s all I was questioning
DBW - if you had the pursestrings of a Jiangxi or BHP etc would you want to make an offer before SOLG secured significant mine build finance or after?
I know which I'd prefer.
I'd go as far as to say it could drive a wedge back between key stakeholders of the company, a wedge we hoped and believed was removed upon the merger.
Just how I see it.
"Anon if I were in a car and I were pretty certain it was going to crash I’d probably get out ….. strange investment strategy."
DBW, not if you knew that you'd escape at the end after months of recovery, hopefully in better shape.
Or maybe you're suggesting that as soon as any investment goes negative, I should sell?
I'm only guessing (with some conviction) but anything can happen and I'm not going to lock in a loss now.
1984 agreed no one is more aligned with pi’s 300m shares ?
The one we definitely shouldn’t vote out is Mather, without him our defence is severely weakened
I’ll agree that we could probably all do with this coming to a conclusion…. Whatever it may be
I suppose I could add that I just want it sold because I'm bored of it.
Same as everybody else is, I suspect.
Which is just another reason that the price is bound to fall if there's no monetisation event.
This board is full of it, imo and I'd vote them out except I don't see what anyone else would do different.
Apart from ending the shennanigans and just putting a "for sale" sign up.
Then we either get bidders or this just gets mothballed, with shares suspended.
Even that last worst case would be better than this just falling, as it is now.
Bozi of course it’s not the ideal scenario but it might act as a catalyst….. something has to give and the Canadians will be looking from all angles. I like the fact they are all heavily invested in getting a result here but also understand it guarantees nothing …… it’s the game we play
Why will it DBW? I'm not so sure of that read to be honest.
PI punters are wagering on a takeover. They don't want a JV and they certainly don't want that thing that you and others said could never happen. The P word that becomes much more of a possibility if someone decided to fire the upfront Capex SOLGs way.
It's a nice thought and there's a barometer out there in terms of a recent deal but if we're being honest it's not one that many want and so I think such news would see a PI exodus as it kills off a bid for the company.
If you don’t mind, I’ll skip the investment advice offered by an obnoxious, odious, innumerate, illiterate, lying moron
I’m still of the opinion Scott might surprise us all with a big streaming deal …… we know how BHP love a streaming deal
That’ll get the juices flowing
Anon if I were in a car and I were pretty certain it was going to crash I’d probably get out ….. strange investment strategy.
Ok out of the goodness of my heart.
I am going to teach some of you some basic rules of investing.
1) people like Slug know about sets and nothing else.
Everyone should understand sets before investing a single penny in any share. If you did you would realise he knows very little.
2) When any poster lets say DBW tells you that a sale is imminent every week for ten years.
Then calls people idiots for disagreeing with him.
You have a question to ask yourself.
Are his opinions worth anything?
3) This is a biggy. When people like Redknight or colonelDrake tell you they know what they are talking about and filter people who disagree with them.
You need to ask yourself why ?
4) When bids are in the offing the share price often races ahead before anything is announced. Not always but mostly.
5) Try listening to what the company says, not people on this chatroom or broker notes. They are worthless.
If you don't understand why, then don't invest in shares.
6) Be patient investment in a share that is speculative in nature requires patience.
If you're not patient then stick to dividend yeilding stocks, at least you won't be disappointed.
7) Just do some googling on automatic trades.
I don't know how many times I have explained this one.
Redknight talks rubbish.
Hope this helps. Trust me I am not being condescending, I have laid this information out in this order to attempt to stem the rubbish being posted on this forum.
Good luck everyone.👍
Red, which part do you not understand?
I've repeatedly said this cheap. That hasn't changed.
Is it the part that I think this is going to get a fair bit cheaper, the part you don't like?
Let me clarify it even more.
I think this is cheap, but it's going to be cheaper because there is absolutely no reason to buy it, except that it might be sold, exactly as it might for the last (how many years?).
Hence, I think I'm of a pretty certain mind.
Anon...are you of uncertain mind...?
24 Oct
"I do know this price is stupidly cheap."
Oct 25th at 8.95p:
"And don't say it's because it's cheap. I already know that..."
26 Oct at 9.67p:
"Come on board, get this bloody deal done so we don't have to read this rubbish any more!"
Today at 8.84
"Nobody believes anything is in the offing, hence why would you want to buy this?
I know I really ought to sell mine, but in the scheme of things, I think my 10.85p average should see me ok.
7 odd is imminent and I can see it going a fair bit lower. ..."
Its make your mind up time...