DBW, I have to agree. The S&P is within 10% of its all time high. Is that how the world looks right now? I dont think so. So do we have the worlds biggest island in denial, the FOMO, or is it just a case of so much cash with nowhere else to go? If I had any broad market equities I would sell them and buy gold and silver, but I did that trade last autumn. Never shorted anything in my private trading but the US feels like a short now.
I apologise if I have offended you MM, but posters should expect to be called out if they post things that havent been thought through properly, or at all. A small buy back (which still isnt financeable anyway) would be laughed at. Is it a company that want to be a major miner, or a corner shop? The shares will re-rate when they go through the PFS/DFS work, or when BHP decide to make a move. Or they could just do 20 more royalty deals at the same price as the FN deal.
Mistermeister, where on earth will Solgold get the money from to do share buybacks? Is there one of Corbyns magic money trees in NMs back garden? The most obvious issue for Solgold is the shortage of cash and you suggest spending what they dont have! One of the more financially illiterate posts of recent times.
Lloyd’s vs solgold? Very similar companies so an obvious switch. Especially as the share prices are quite close together. Why didn’t I think of this? Dear oh dear oh dear..... no wonder so many PIs lose money with this sort of analysis.
MG, please dont promote the BBC as the voice of reason. They have an agenda, they promote bad news and ignore anything positive. To say that they have a left wing bias would be somewhat understating the case. There are far better news organisations out there. For balance Fox is quite awful too. I prefer CNN which is hardly right wing. Sadly journalists have not done themselves any favours over the past 6 months. An appalling profession imho. Sorry somewhat off topic.
RE: Greatland Gold Will Be Bought By Newcrest Soon25 May 2020 20:45
Mush. No he didn’t. He said the grades in the hg zone were ten times that of telfer. You are twisting the facts. Were you ever a journalist? Rest of the optimistic posts on here are about as sensible as some of the rubbish from that fool. A lot of really good and improbable things have got to happen to get to a pound. Even Mickey isn’t that bullish so bare that in mind....