Member Info for Deepsurvey1

I've had to sell here. The only reason is to buy gold miners. The price of gold is on the up.

The gold price leapt overnight to $1,308+ £924+. Lots of factors driving the gold price. Gold sellers of the physical stuff have drafted in extra staff to cope with increasingly demand from desparte buyers. The two main drivers being reported seem to be the expected dive in stock markets and Bexit. For the moment I have liquidated all other shares and continuing buying gold miners.

Soco is looking like a company you can happily invest in.

I see the dollar index has dropped on Friday due to terrible jobs data sending the price of gold up In terms of US dollars and any US interest rate rise out of the window. The yuan is about to be devalued and the Chinese currency traders were hoping to pile into the US dollar which is looking a bit cheaper now after the sell off or will it go down further. The euro and the pound are in the middle of brexit. Everywhere else is in meltdown. Russia actually looks stable. The real diehard currency traders are spoilt for choice and are probably making lots of money. For the next level of investors down it all looks a bit unstable. is that enough to spark a run into gold and silver? I think I'll wait and if there's a rush for gold over a sustained three day period I'll buy more gold miners. If it carries on I'll consider silver.

Something is about to be announced. Did I hear 10 bagger mentioned. This looks as if it's about to bud.

Shanta gold was a take over target of Barrick gold, now Acacia mining (ACA) to secure their long term gold mining capacity. Acacia wanted underground mines because they are more secure and Shanta wasn't at that stage. Figures of 60p, 90p 120p plus were voiced for Shanta. Shanta's all in costs were out of control but the gold price was similarly high.

There are no certainties to assess here but It still looks interesting. I wonder if it will drop further?

Anything can be repositioned. Without asking any questions or gathering any opinions. Student bars are on campus and seem too sensible. Just an example:- There is one bar in a particular town/city somewhere in England ( i wont say where, and there must be similar ones elsewhere). Apparently packed to the rafters every night with money going over the bar at the rate of an incoming sunarmi. Its so bad even students can't take two nights in a row. I wouldn't even try to explain what goes on there its just too shocking. There are other establishments in town that are very busy as well, the student population is very large but the student bars operate at a sedate pace. The question is, how do you get all the students into your bar and part with their money when they want to be 'cool' and are in search of excitment. The three ingredients are there, students want to spend their money, there are lots of students, you have the footfall (they walk past the student bars to get to everywhere else.

The article today in shares magazine says the bar operator's core student market is drinking less and studying more. Resulting in declining sales and site closures. Having offspring at university for the past 4 years and another three to go, it is blatently clear that many students use recreational drugs in preference to alcohol, which gives quicker longer cheaper highs than alcohol. Todays student prefers Mandy, MD, Coke and Cannibis. Unless the board can compete with this illegal out of control trade they have no chance.

Those figures are to bring a partner in, so no, that won't offset it. However the project is big enough to raise the equity, bring in a partner and take on the debt finance needed, and still get the SP to a suppose'ed 38p according to Edisons. Ok to invest for the long term if you don't mind watching the value of your shares go up and down like a yoyo. The current oil price is a problem so you have two big issues to force the price down, the oil price and the equity raise. Two big issues to force the price up:- when the farm out partner is agree and when the debt finance is agreed( both these depend on being the right deal). Some say theres no point in trying to time the market but I'd rather buy low and sell high. The equity raise will come first, its going to be big and will force the price down, so the time to buy is after that. Assuming the 38p is achievable i would sell 75% of my holding at 16p and let the rest ride.

The share price is obviously going to go up with a bang when the Farm down/ in /out partner is announced but the massive bear trap occurs when they announce the humongus equity raise reported as a guesstimate by Edisons of $50million total, first tranch $30million. As always timing is everything. Im looking to invest from the side lines at the moment.

Just watching it grow!

Anyway i cant talk about this any more.

Didn't Soco make the firm comittment in 2011?

I'll give you an example of a firm commitment which was even upgaded to a promise to the UK Government and the employees and owners of the company concerned. The Kraft take over of Cadburys.

Unfortunatley they have skirted around the issue saying everything they won't do, Why won't they give up their license? SOCO has said operations have ceased but they haven't said they won't restart. SOCO has also said that it will never seek to have operations in the Mountain Gorilla habitat, the Virunga Volcanoes or the Virunga equatorial rainforest. That seems pretty clear until you realise they are waiting for the equitorial rain forrest boundary to be redrawn so they can carry on. Hey but whats that matter when your making money? Have a discussion between you and maybe you can come up with some justification.

I think you'll find in its 10th of June 2015 RNS Socco said: maximise value from its Africa portfolio including rationalisation and farm-out of all or part of its asset base in the region. it says what it says, quite clear

Thats like leaving a tip after you've burnt down the restaurant.

The church is getting invoved and has issued a statement thismorning. The story is up and running. From a media point of view its a Good v's Evil with a capital E story. Looks like its going to be a constant chewing and knawing away at the Soco board, its reputation and maybe the share price. No doubt investigations will follow.

I remmember watching Gorillrs in the mist, Sigourney Weaver.