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NAL, 1982 is a good old boy, and like you, he is a pin which bursts inflated egos on this BB. Plus, he has just confirmed that he wasn't commenting on your rumour.
I think your rumour is starting to gain traction. It was mentioned to Warren on twitter and he didn't deny it, nor openly confirmed it. So, I will focus on the fact that he didn't deny it. The other BB also mentioned that accounts are being prepared. No smoke without fire. Whatever the outcome, you cheered me up today NAL! An antidote to the dire political situation in Ecuador.
I see that Mr Putin also believes in the Klingon belief that revenge is a dish best served cold.
NAL - not sure what your rumour was but I am commenting on TA. See the volume if you don't believe me
This will be walked back to the 16-19p range ready for September action. Those who know who I am will acknowledge this when it happens
From there, we probably have value creating or terminal events (takeout)
Eloru, so there we are 1982 has shot my theory down in flames.
According to the font of all knowledge the sp rise is cyclical.
Nothing to do with my post.
I won't embarrass myself by mentioning any rumours again.
Don't mention it needashyte, would be lovely to see you at the takeout party. I'd buy you a cup of ambition (half full of course)
Would be so nice to see all the others on the forum too and clink glasses as we reminisce on what a frustrating journey this was. And of course watching the likes of Quady and Tim try and reverse ferret when they meet their nemesis!
We can add climate change and brexit to fort and 1982 expertise. There is clearly nothing in this universe, they are not the font of all knowledge on.
We are fortunate that they choose to share their superior knowledge with us, by posting lectures many times a day
If we ever have the $ 1 a share party, please, please invite them both. They will be a bundle of fun at the bar
So I will say
Agreed Fort, the Noboa situation kicked off a long debate between Bozi and I last night in how a conservative leader is better for business and therefore our investment than a left leaning one.
And though we disagreed on some points and agreed on others, Bozi can hold an argument without turning downright rude and nasty unlike some (Quady, AgArCu*t etc). It's perfectly possibly to debate on these forums when you don't have the clowns thrashing around looking for point scoring and cancel culture.
Yes can't ignore that... SOLG does tend to drift in the summer months. But I think most would agree that elections were cited as a potential banana skin as no one knows how the voters go. Just look at Noboa for instance. His surge shocked the pollsters in same way Perez showed them in last election. Always seems to be some unknowns so very good news to come through that event which has been hanging around since lasso declared mid May this year.
Or you could just look at a five year chart of Solgold and understand that it drops away from end of May until September every year! The clue is in the volume too, this is a very thinly traded share at the best of times and that volume is diminished further in summer. It was walked down on no volume to create trades and it will be walked back up too.
Thanks mog999, wasn't aware of this so will certainly listen in. Good to see a return back to 15p levels after the dip into the 13's. I think it's clear that political issues have played their part on SOLG's recent decline. It's not just the usual drift on no news. If you take the 18p level which was held reasonably well back in May, then factor in Lasso's early or mid May declaration to dissolve parliament and launch elections... you can see the drift gather speed. So although surprising, I think the 13p levels going into the elections was factoring in a poor result for miners eg Perez doing well. The result ended up the opposite and is very much pro mining, so surprised (equally) at the slow trace back to 18p again.
With election risks wiped out now, SOLG should be heading back for the 20's based on expectation of Scott's grande reveal. Lets face it, the stock was able to run up to early 40's on the basis of the PFS last year and if anything things have improved all-round with 100% ENSA, easier to JV and easier to buy.. no fear of cash running out... and 2 key red tape government approved milestones sorted as well.
It's been a drag but I think the next 4 months or 16 weeks will be very defining for SOLG as AGM fast approaches and shareholders will not be accepting anything other than a monetisation event or else ... it's the chop for Scott and co.
NOT Solgold related, but some may want to listen into this tomorrow
https://tinyurl.com/2p88f9xv
Personally NAL, I welcome your rumour contribution. Its just that you are the last poster folks expected to do a Copperpot on here:)
Seriously, I would place more value on what you are hearing in Aus than on anything from those special contacts who only convey info to the chosen!
Fingers crossed a deal has been made because I dearly wish to have a mid-life crisis before I am too old to enjoy it, or regret it:)
That's because you are failing to spot that the Emperor's backside is on full show regarding climate change. I can't help you there really, until you understand that there is no link between fossil fuel use and the temperature, you just won't get it.
Dead right regarding Sunak, I would never vote for him anyway after what he did to us self employed limited company directors in the pandemic. Disgraceful.
Tories are going to get a good hiding and it's frankly needed so that they can regroup and become Conservative once more. Sadly for us that means another six years minimum of mounting economic misery
Fort . Brexit had absolutely nothing to do with the EU workforce going home. 6 million chose to stay after 2016 . The numbers leaving then was practically zero. Many Eu workers left because of covid to be with their families; many never returned .
For proof of this look at the transport sector . No problem after Brexit ; major workforce problems after covid...which incidentally led to higher wages for our drivers.
Needless to say this god forsaken government has gone back to mass immigration, low wage policies . Along with high taxation (corporation tax a prime example) they have betrayed everything that Brexit voters wanted
Brexit is not the problem . The pro EU government establishment is the problem
I disagree on quite a few of your posts, especially climate ones, but a lot of today’s posts I cant argue with…………
Bang on point!
The Tories have screwed up massively and sunak has got his head so far up his own a*se he is oblivious to everything that is going on…..let’s get another photo shoot with his upmarket sliders………joker
Sell in May and go away, every one of the last five years the price has dropped all summer.
Hopefully it's just heading back to where it was ready for the September action
Eloro. Maybe padmasters right.
Maybe my posts have caused the sp collapse.
Because today I've mentioned what I think to be good news, and bugger me, sp up 5%.
Eloro. No mate. No figures. Just lots of muckers in dgr and solg. They've all been as peed of as me.
Mather not thought highly of in this part of the wood.
But there seems to be a chink of optimism appearing.
Just hope it's not a copperpot story.
But something seems afoot
If Brexit were the reason, then Europe would be fling. Look at the state of it, in particular its "powerhouse" Germany in recession and deep trouble. It is the lack of willingness to take advantage of Brexit that is holding us back.
We have an unskilled workforce already, it is sat on its backside claiming handouts. Reform benefits and they will become our cheap labour.
Banks aren't passing savings rates on for the same reason that interest rate rises aren't working yet. In previous eras of inflation most mortgages were tied to the bank rate, nowadays the vast majority are on fixes and as such are not affected.
If they're lending out at 2% they can't pay at 5%, it's basic Maths.
The world is turning against China, that is clear to see. Apple don't want to declare war on us, China do. They've been caught already collecting our data so it is a matter of national security to sanction a rogue nation.
By the way their housing market is collapsing, as is their main market (down 7% this month) as investors pull out their cash. China is f-----d, which handily for us is leading to a resurgence in gold price
If China is so wonderful Colonel, have you thought about maybe going there to live?
Brexit is the main reason for poor shape of UK economy. The negatives of Brexit were played down by Boris and co. I'm all for the UK dictating it's own policies and two fingers up to the euro elite... Germany/France. But the combination of losing a major workforce back to Europe combined with over 50's hanging their boots up post covid and voila... you have depleted workforce which in turn = wage inflation which intern spikes inflation. Had covid never happened... we would have been able to measure the damage of Brexit far more easily. Covid came at a time which was ideal for the Gov and they made the most of it as they knew it would make many Tory supporting businesses very rich through dodgy contract awards... the list goes on. Remember the main beneficiaries of inflation are the banks... these are the same banks that the UK tax payer bailed out 15 years ago. Some are still state owned. Yet are they delivering appropriate savings rates for savers? No. Are they delivering mortgage rates closer to BoE rate? No. Same old game. I think the Chinese summed up the property market issue recently simply saying... property is for 'living in' not for 'speculating on'. And that's the trouble with the west and capitalism. Everything is just a casino opportunity to bet on something. Chinese are constantly getting hammered in press but the world is realising that they are not the bad guy at all. It's the US and West are are serving their very own elite. It's pretty ugly to watch. For instance... it's ok for apple to basically have everyones data... but not ok for Huawei? Who decides these things?? The US wants to flog the UK bleached chicken and take over our health system. The chinese don't.
Bozi, we could of course have our own energy security and create hundreds of thousands of jobs into the bargain by fracking. That's what led the US resurgence in its economy.
But we've got too many self righteous nutters holding us back. We're going to have to learn the hard way thanks to them.
Exactly our predicament, we are left with a choice between two cheeks of the same socialist backside. It's clear there is no democracy, the media and the WEF have control of parliament. That much was obvious when Truss cut taxes and was instantly ejected.
The media pinned the drop in the pound versus dollar on her and Kwarteng as an excuse to move her. But you can look on XE dot com at any other major currency versus dollar on 22nd September. They all crashed identically, it was the day after the Fed raised the base rate 0.75%
In other words nothing at all to do with Truss but a great chance to finger her (so to speak)
Bozi, you're right about the constant referencing to how great we are. Every time I hear some dim politician utter such nonsense, my toes curl backwards. The idea of our exceptionalism is just utter nonsense and if our political class dropped the whole myth they might learn that other countries do things far better than we do - health care being the prime example.
BTW NAL, what should we make of the fact that the main poster who claimed to have a contact hasn't corroborated your rumour? Perhaps their contact isn't as connected as we were left to deduce!!
Can I ask if not 60p, what SP did your grass mentioned?
That's a different sort of problem though Add. As Brits, we're quick to proclaim how great we are and how fantastic our country is and how fabulous our methods are, but when the turd hits the fan at home we're quick to point everywhere else.
Cameron may have inherited an economy that was faltering following the 2008 recession and austerity was probably one sensible spoke in what needed to be a recovery wheel. As it was, we relied too heavily on it and we suffered as key services were hit. The slowdown began.
No qualms with your point on the pandemic response. Completely agree. Ridiculous wastage.
In terms of Ukraine, we have felt the force as much as any because of a lack of preparedness with our own energy solutions. We've been over reliant on buying in from outside and when that supply gets constrained (because nobody really wants to do business with the supplier any more) we get left in a pickle.
Don't disagree at all with your summary.
What did you label the folks who claimed to have inside contacts NAL? Fantasists! So, have you joined that group now?
I do hope that you are right though. That Perez guy is getting on my nerves. The sooner we are out of Ecuador, the better.