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Oi Ludeck. How's your mug punt in BMN going?
*willy wave*
Anyone who thinks that now is a good time to invest in BMN needs their head examined.
Already risen a long, long way.
TA says go short.
Ludeck - And what is this share you are on about , if I may ask? No share is guaranteed on the stock market. Look what's happening to KAZ. Just an example. Not ramping, just saying. I am still 100% up on my solg shares and staying put even after the drop. Each to their own and all that. GL to all.
The difference is that the other company is revenue generating, the sp is at an all time high, and the plan is fairly clear. The sp has been uptrending for months, and so no, it's not the same situation at all, and anyone sitting on the sidelines awaiting a better time to invest there would need their head examined.
next year?
I think you'd have missed the big rise by then
so does this logic apply to the other share you are in, for anyone waiting on the sidelines there?
I'm guessing your answer will be no!
On every bloody forum, for every bloody stock we see the same bloody question "Why has OUR stock gone down?"...when, in the resource sector anyhow, they've all bloody gone down!
"I disagree with your prediction of a 10% rise following PEA"
I never said that the rise will be 10%, only that this is the average share price response when equivalent explorers have published a PEA for their flagship project.. I mentioned it only to provide some balance to what I saw as rather wild predictions of the share price rising by 40, 50, even 100% on PEA alone.
If the resource update is far in excess of market expectation, then the share price should rise. I would however caution investors and would-be investors not to assume that the price rise will mirror the increased in-the-ground value. That could happen, but the share price of an explorer rarely tracks perceived asset value, and whilst there is still uncertainty about where this project is going, how much it is costing, and whether there is actually a plan to take it all the way to production, I doubt you are going to see the huge buying that would be needed to drive a significant re-rate.
Once investors believe this project is hitting crunch point - and, let's face it, the only realistic way that is going to happen is if the m&a rumour mill begins turning - then the herd will arrive and the sp will probably begin testing previous highs.
"Also disagree that on significant news you would be able to get in here paying just a 10% premium to whatever the SP is, if this was the case everyone would for news before investing "
But isn't that precisely the point. Why has the SOLG share price been downtrending for the past 2 years? It's because there is very little interest in buying whilst the project timelines are unclear, the cost of drilling + other exploration activities is significant and the risk of dilution persists. I would suggest would-be investors are doing precisely what you said, and are waiting for news before investing.
"Of course you may get back in cheaper, but then again you might not, which is why we all make are decisions individually.
Goodluck over there."
Thanks, and gl to you too. It is unlikely that I will be so lucky with timing, but I continue to watch here because I see it as a potentially good investment some time next year, and if that time happened to co-oincide with a sensible exit point from the other share, then who knows...
You might get an offer tomorrow as happened quite out of the blue with MARL, and in that case, I will miss out.
"When the price starts rising rapidly, it is very often difficult to actually buy, especially larger volumes."
Whilst that can sometimes be the case, it tends to apply to small cap companies that have only recently listed, or have been dormant / off the radar for a long time.
The challenge here, having an sp that rose so dramatically back in 2016, and having been downward trending ever since, is that there are going to be huge numbers of share holders currently in the red. When the share price starts to rise, it is inevitable that some of those are going to begin selling at least part of their holding. For some, it will be a relief to be able to get out at break even point, for others, desperate for the cash, the rise will come at just the right time. Others will fear that the same spike will happen again that happened 2 years ago.
Clearly this will not be the case for everyone, perhaps even for the majority, but I would suggest there will be plenty of sellers and this will provide liquidity to the markets that will enable the MMs to keep the price reasonably steady whilst providing opportunities for buyers to take a big position if they so wish.
Pad Stop digging
When the price starts rising rapidly, it is very often difficult to actually buy, especially larger volumes.
I understand your reasoning and well done for doing well in the other share, which I agree has good potential.
I disagree with your prediction of a 10% rise following PEA, I think this is a bit ridiculous as we will no doubt have revised estimate by then which in itself will at least add 50% to the resource and more high grade stuff, which although many now expecting end of year, we could get one any time.
Also disagree that on significant news you would be able to get in here paying just a 10% premium to whatever the SP is, if this was the case everyone would for news before investing
What you don't seem to have taken into account is that we could be considered to be considerably undervalued at these levels, as more results are ongoing a re rate could come before the 5 month time scale you have mentioned.
Of course you may get back in cheaper, but then again you might not, which is why we all make are decisions individually.
Goodluck over there.
Ludeck That's you on the naughty step for daring to highlight the slumpire which has gone on for an eternity
"20th December 2015 share price 1.28p.
26th June 2016 share price 2.98p.
26th December 2016 share price 24.85p.
24th June 2017 share price 44.88p."
Your argument might be compelling if you had posted two consecutive days with a mega rise that was then sustained. As it is, posting dates 6 months apart proves absolutely nothing.
If a welcome offer significantly higher than the current sp is received tomorrow, then the sp will gap up close to the offer price and anyone who is not invested will miss out, as you put it.
Any other scenario, including m&a rumours causing the SP to swing upwards as happened in the second half of 2016, will provide people with plenty of time to jump in at that time. Sure, they might miss out on the first 5 or 10 percent of the rise, but having avoided sinking their money into a sideways (or downward) trending share for 2 years, and all of the opportunities that will have provided to make profit elsewhere, I am pretty sure that would be more than acceptable.
Is the feasibility report part of the mining license approval, which I would have thought it would be?
Meaning, previous highs before cascabel ie Solomon Islands exploration was hindered with local laws and the inability to mine, so my question I asked last night, which no one answered was, Is solg currently in exploration license stage or do they have a mining license? If they don’t, what needs to be ticked off to get a mining license and how long does it take?
pad, big time correct but this site and the other concessions in ecuador, compared to say solomon islands previously appear to be symbiotic with ecuador's economic growth policy, so the mining approval is de risked to a certain extent
20th December 2015 share price 1.28p.
26th June 2016 share price 2.98p.
26th December 2016 share price 24.85p.
24th June 2017 share price 44.88p.
This can move massively and quickly. A takeover bid can arrive at anytime - even tomorrow.