Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
You are exactly right rcgl2.
The anchor point is covered extensively in a brilliant book by Dan Kahneman and Amos Tversky called Thinking Fast, and Slow.
Would recommend it to all who are interested in unconscious biases most of which are applicable to business decisions.
Agreed rcgl2, if you look at almost all previous crashes you see three significant bear spikes before an eventual bottom and crashes tend to take a lot longer than the 6 months we’ve been in so far. However with this being a slightly different sort of depression and with the new unlimited money supply, who knows what’ll happen in the next few years.
On another note, would anyone be able to explain why on the trade database there are trades of such small numbers (e.g 9 shares and 62 shares this morning). It happens every day and I just can’t fathom the point in such minimal trades when the costs associated are probably greater than the value of the trade itself...
I’m glad to hear that Quady! Thank you for clearing your opinion up. I guess personally for me anything posted by even a minority shareholder on a very public forum such as twitter holds some sway over sentiment - something this sort of small cap share is fairly highly driven by. I guess it all comes down to a ranking of what each individual believes drives the SP in shares like these. In any case, all the best too.
Hi Quady,
I’ll start by saying I appreciate your posts often, but on this point it seems you are the one desperate to stop any news that you view as being negative from being spread.
Regardless of opinion on Mr Willemkoop, Tiger is purely posting relevant information about a share in which we are all heavily invested, be it mentally or monetarily.
On that note I’d just like to appeal to the common sense of the board and say that opinions are opinions, nothing more, nothing less. Discussion is constructive but the ****ting down of ideas and thoughts is in no way productive for anyone here.
For those still wondering why the placement was done:
"SolGold is pleased with the strong institutional support for the raising. In additional to the completion of the FNV Royalty Financing, the new capital will see SolGold fully funded through to the delivery of the DFS study, whilst at the same time, allow our award winning geologists to rapidly explore the high priority regional exploration targets throughout Ecuador along the spine of the Andean Copper Belt."
And for those who don't think this will go to production:
"Alpala is one of the top undeveloped copper gold projects globally and the Company looks forward to the transition from explorer into developer in the near future.
For those that seem to be far too worried about the day to day number on this share price - here is some advice from MoneyWeek. ‘“Ever great investment begins in discomfort” says Marks. “If everyone else didn’t hate the investments, they wouldn’t be cheap’” the challenge comes as the discomfort endures: “one of the most important adages in our business is that being too far ahead of your time is indistinguishable from being wrong.”’
We know the fundamentals of Solgold are strong and that it will bear fruit. Worrying about the day to day share price is nothing but an addition of stress to ones life.