Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Funny how my "rantings" on here have proved more relevant to investors than any other posts over several years. Whilst i was saying the conditions meant stagnation and slow drop (look at the charts people) I had to face a whole hoard saying the opposite. As for Cperkin I have no idea how he has the brass neck to post. I was told 4p, 3p, 2p was the absolute bottom for all sorts of reasons just like all the reasons now - and 4p is a distant memory!
Look at the fundamentals folks and do what you want. However all these people telling you what a bargain this is are looking to make money out of you - not by backing a viable company. All they hope for is a speculation spike funded by mugs which can then collapse with profit taking.
I am not as much bitter as I am wiser. There will be money to make here yet. At the death. A way to go down yet though.... Unless something happens and of course that is always imminent is it not? It was imminent three years ago and all the time since regardless of who is currently driving the gravy train.
"like anyone who has read your posts know that you should be ignored as you offer no value to shareholders"
Oh crikey that is a good one. Those people who ignored me when I said this would stagnate or slowly drop until something actually happened when the sp was at least three times what it is now must be so glad! They must be so happy that what has happened was told to them as being bleeding obvious for the last 2 and a half years. It is not prediction by me but just being honest about the never changing toxic present!
The truth is, Babelfish66, that you are absolutely correct I am no value to the shareholders but that is not my fault! By accurately describing the present (not the future but the present) I am simply stating things as they are and that is that if nothing changes here then things will continue to stagnate or slowly drop. Everything else is just trying to whip up speculation. The new BOD has been jumped on as something different but what has actually happened?
Also waiting is not cost free so slowly the sp will erode. There is no reason to buy here as next month it will be cheaper. For two and a half years the mantra here has been that something is going to change imminently and that has been wrong for all that time. Why should a new BOD make any difference if the problems are not in their control?
I may well have been wrong in suggesting the need for dilution after all because if nothing happens then nothing happens!
Oh and Babelfish66 if you have a copy of whatever you are accusing me (incorrectly) of having had removed please repost it as I believe I did not see it. I never post as anyone but Kejoglo and I have never requested a post removed here. The fact that you have suggested this twice now is annoying because it is simply false.
Funnily enough Zebbo that is exactly what I was told about the last lot. The situation here is toxic - Solo is held over a barrel by several third parties and the BOD have no say in that.
The most important word in your otherwise facile post was the solitary "if".
Babelfish66
I have never had anyone's post deleted on this or any other forum. Why should I?
Ok Crusty et al please explain to me what "drill for equity" means. It seems clear to me that it does not mean someone doing something for nothing!
Costs are costs and if you are not paying for them in cash - or not paying for all of it in cash then inevitably you''ll pay for it in another way. I am pointing out that it is not a magic rabbit out of a hat and will invariably cost - ultimately in the value of shares.
If this company needs to spend, which it inevitably does, and it does not have cash to do it, or decides not to spend it, then however it pays for stuff, be it "drill for assets" or whatever you want to call it - it will result in dilution of the share price. You don't get anything for nothing!
The fundamental problem for Solo is that it does not and never has delivered. It does not even promise to deliver. The best is that conditions and hints and all sorts of other things can be construed in such a way that something being delivered is not seen as impossible every now and then and that might result in a bit of a spike. This is exactly the same now as two or maybe a lot more years ago and those talking the share up are giving exactly the same arguments now as they did then but dressed up as something new because of circumstantial and personnel changes - fundamentally though it is exactly the same stagnant and slow dropping in value situation. I am sure the message from the faithful here (desperate or devious) will come back as the normal "recovery is just around the corner".
Normally when I post something on here it gets roasted but my comment from this morning has had no takers it seems. Why? Because you know it is true and the last thing you want is someone mouthing off to the mugs who you want to fund your rise. No much better to "ignore the annoying *****!"
Be warned - the list of those who have had their hard earned fleeced on rises that are then brought down only to rinse repeat again and again must be well into the many thousands. Still that is THE game here. WHy was the sp so high before? Because it was a bubble before and that is all what people here want know. A spike to fleece people to make a fortune out of other investors or to pass on their burden and get some of their money back. Solo has still never shown itself to do what it is supposed to do - never!
"Sorry you didn't get your below 1p that you where predicting"
There is time yet ArielArrow and having watched this for a long time still expectation enough.
I have said this many times and it is self evidently true. What people want here is a speculation spike so that they can either bail out or make a fortune. Nothing wrong with that as the whole idea is to make some money BUT as Solo is not actually making any money itself that is all it would be - a spike. Anyone caught at the wrong end of it would be stuck for another 3 years or lose the lot. This is what has happened twice before here, which makes a third spike less likely but not impossible.
Is it confidence returning? I don't think so really I think it is more like a new set of cash punters on the horizon who think as I do - that a speculation spike could make them some money. That is all about trying to take money off other investors rather than investing in something which you think will work. My guess is that most people know that any short term rise will probably run out of steam as people take the money and fleece people quick. Who knows though? People are greedy maybe they will throw the money at this and you can ride it high! Don't get caught though and remember certain posters on here have made a LOT of money by fleecing people like that with this share twice before.
There have been "bullish" comments for years and they have been shown to be BULLS**T! Those who forget the past, Cperkin, are destined to relive it....
You and Bigd's contribution to Solo and its investors has been immense. Unfortunately given the complete and utter disastrous situation the company is in and how that is reflected in the pathetic share price I don't think that is anything to be crowing about.
If you don't understand this, Cperkin, just ask the dog turd on your foot I am sure it will have a better understanding
CPerkin - Anyone following your advice for two years plus will be sat on an immense loss and that is a fact.
IF that dog turd was on your shoe three years ago then you should have asked it for some advice because it would have been better than what you have been spouting.
bigdouble - I quote YOU - "It was me not you that stopped him diluting further for another chunk of H1."
and I quote you again - "How the hell do you think a single investor can stop a company doing what they want."
So which is it BigD? Are you the big lad who can get things changed or are you the weak and timid investor who can do nothing? I think the answer you would like is that you can be either when it suits you. When things go right you lay claim and when they go wrong it is nothing to do with you.
How you have the brass neck to say Jackanory to me given your, quite frankly, unbelievable tour de force of ramping here for years I simply cannot comprehend.
Forum readers - don't take my word for it look at his posts, by all means look at my posts and LOOK at the share price for the last few years. His ramping has been incessant (except for a brief interlude when reason appeared to take control - which funnily enough coincided with him selling some Solo shares).
Nothing I have said about Solo is implausible and as every week has passed over 2+ years the likelihood gets stronger and the ramping which has gone on is shown for what it is - baseless.
Yes BigD you did stop the second Helium purchase and you had my complete backing and THEN (lets put this in capitals so you can read it) YOU BACKED NR TO THE HILT - essentially giving him a blank cheque and no time limits - which thankfully was the cue for me to sell up, lose a fortune but ultimately save myself a lot as the sp has gone massively down and down ever since just as it had to do if nothing ever happened.
BigD and CPerkin - you two have a lot to answer for on here - unfortunately for me the vast majority who agreed with me have sold up and gone (very fortunately for them though) so I am always in a minority! This forum is left with the desperate, the deceivers and a few recent "punters" who'll sell at the slightest rise. As for me I have honestly said why I keep watch here and that is because I believe there may be a small profit to be made at the death. I have said this for nearly two years and the sp keeps on backing the plan up. The only question is just how low Solo can go before it gets whipped away for nothing.
Solo is over several barrels and there are plenty sat quite comfortably on that gravy train - eroding the share price every day. "Self funding"? How long to a dilution? Another consolidation? Multiplying the share price by 20 was never going to be enough was it? If nothing happens then it is inevitable that the sp will stagnate and slowly drop with the occasional little flutter up.
The trouble is, bigd, that you have been wrong before.I remember you backing NR to the hilt before it went sour. Results speak louder than intentions and results are nowhere to be seen. See you sub 1p when there might be a small profit here.
Just what is "self funding" then?
Sounds like dilution to me - unless (shock horror!) something actually gets sold at a profit! The costs keep rolling in and if Solo is not actually making any money by doing anything then there will inevitably be a continuation of the erosion of the share price. Regardless as to how the money is raised it is still being spent! If nothing happens then it can only be the same as what has been going on here for years and "something" happening seems to be other people's decisions.
There may be new faces on the old gravy train but it is the same old train.
The fact is that Solo is in the business of selling the family silver! It is what they should do; buy an asset add value and then sell it. The first bit is easy. The 2nd bit is harder and I am not sure they can do it. The third bit seems totally impossible to them as they are over so many barrels and possibly have different motives. That RNS is a disgrace it is basically saying just keep paying us because there is still some money to pay us with go away and wsit snd watch the sp drop!
Also the end of March goal post seems to be moving yet again to some two or three months away. It never ends and will continue till the coffers are empty and the assets ready to be plucked away.
"31st march longstop and the 3 options are the only thing thats important to shareholders"
Just to be crystal clear are you talking about 31st March 2019? I ask because I am still waiting for the revelations you told us were due in September 2017!
Babelfish66 - to make things clear for you let me say in summary what I have said for two years.
1) I said two years ago that the situation Solo found itself in was that its share price would stagnate or slowly drop with the odd little spike unless something actually changed in the market. This is not really an earth shattering comment but it went down as such. It is actually a self evident comment. However, the significance of it comes with points 2 and 3.
2) I also said that the ability for "something" to happen was generally in third parties hands, i.e. that Solo was over a barrel or number of barrels.
3) My final point was that those who could change things for Solo may possibly benefit in the long run from doing absolutely nothing at all.
Hence I have never said I could predict the market for a minute never mind a month but I have laid out the reasons why nothing happening at all was a likelihood and what the most likely effect of nothing happening was - i.e. a slow malaise as costs racked up etc. The problem with this is that it is a bit too close to the bone for those still holding here as the first few days became weeks then months then a year then a number of years. You don't like it because you don't want to hear it not because you don't think it plausible.
"Past doesn't predict the future everyone is entitled to a opinion"
I could not agree more ArielArrow and that is why when anyone has expressed an opinion different to me on here I have not contacted the website to have their post removed. Unfortunately the same cannot be said the other way round. My opinions are, I sincerely hope, at least rational.
The past does not predict the future of course but it can give a fairly hefty clue on occasions.
I said earlier that two and a half years worth of weekly doses of "news soon" which forum readers have endured had become "risible". I actually wish to address that as it was a mistake on my behalf. Risible means inducing laughter through being so ludicrous - I think laughter of any kind has actually gone here. I think a simpler and more accurate word to have used would have simply been "anger"