Member Info for mattlilly

This is so tiresome...similar pattern every day...

Today...SP trades up until 19.44 paid and then gazillions of AT trades drive it down...

It may be making money for someone while we wait for the first bid but it is so disheartening to sit through when we could have been into the mid 20s or more by now...

Or Valpolicella Ripasso Classico Superiore...? Just as good and half the price...

DM...none of that is bickering.

I try alwalys to add information, analysis, commentary which is positive and constructive by nature and adds value on here.

Small minded bickering, arguing and slanging matches add nothing.

So why bicker at me for my reasonable suggestion?

OMG...every day bicker bicker about something that adds nothing to the prospects here...

Signing off...

For some reason FTJNY it reminds me of Leslie Nielsen's video "I play bad golf to feel good"

(PS Had the best round of my 74 years yesterday...)

So to put it another way, of 1.635 million shares traded today (up to now), 1.242m (or 76%) were by ALGOs

And in terms of number of bargains, 117 0ut of 148 (79%)

Or to put it another way, ordinary trades were 31 inn the last 7.1/2 hours at an average of 12,600 shares per trade.

Hardly big potatoes...

So I'm interested in suggestions...is this because:

Hardly anyone is selling (holding in hope)

Hardly anyone is buying (fully loaded) or

Lost interest or

Under the radar or

Any or all of the above...

For comparison, my normal sized bargain is 100k...what is other people's experience...?

ALGOs' Duke of York

They marched it down to 18.42...

They marched it up to 19.10...

They marched it down again to 18.64...

And they marched it up to...?

And yet I could have sold decent size all day above the Ask...

I still think everybody's simply waiting for something to happen, with the odd B&B/rollover being done like today's 88k this morning...

A

Absolute rubbish...again...Orthern

I just checked and out of your last 23 posts on SOLG, 16 are negative, dismal or resigned...

And yet you hold stock!

Why would you do that? Do you want to become a self fulfilling prophecy...?

Your thinking out loud isn't helping positive sentiment on here so...

Sorry Orthern, but you're fired as well...

Thanks Andy.

Most of us are on the same page here...

You're very welcome as always Talatum...

And BTW the small minded people who often say I am trying to ramp the price don't think through that with an LSE BB probably only visted by 50/100 people and a holding of only 2.2 million shares (c0.07% of the company) I can have absolutely no effect on the share price...

But I can help people like me who are frustrated to hold for our big payday...

Sorry mog...thanks for your post...just caught up and read the article, which actually STARTS by referencing the Goldman Sachs forecast that I posted.

It also mantions Wood Mackenzie as follows:

"Nick Pickens, research director of copper markets at Wood Mackenzie, said, “Cost pressures and the larger volumes required for an accelerated energy transition have implications for the industry incentive price.”

Under this scenario, the copper price needed to meet demand rises substantially to US$9,370/t (US$4.25/lb) in constant 2022 US dollar terms, compared to US$7,716/t (US$3.50/lb) under the base-case."

and...

"Wood Makenzie says low-carbon copper demand over the next 20 years is the equivalent to 60% of the current market size. The uptake of electric vehicles (EVs) accounts for 55% of this demand – the largest single sector contributing to the rise in copper demand.

The offshore wind segment will grow sevenfold by 2040 under Wood Mackenzie’s AET-1.5 scenario, with wind power generation rising by an additional 1.0Mt of copper a year.
Solar power will also see an increase in copper demand, with additional consumption of 1.1Mt a year expected over the next 20 years under a net-zero pathway."

Which is very bullish.

So why would earthling/needalife post the only negative bit in the article rather than the reasoned case set out...

Because that's the way he/she is...

Because the article is quoting the December R&E quarterly which said:

"Little recovery in prices is forecast over the outlook period, averaging US$8,100/t in 2023 and US$7,900/t in 2024.”

But if he had troubled to read the latest detailed March 2023 R&E quarterly forecasts, he would have seen that they have revised the 2023 and 2024 prices up to $9,699 and $8619.

The current price is $8856...so that implies an average price of c$10,000 a ton for the rest of the year to hit their target...

Thats $4.44 compared rto a current $3.90

Sounds pretty bullish to me...especially set against SOLG marketing the second biggest new copper/gold prospect in the world for sale...

Thats very fair and constructive comment Bozi.

Its the mindless sometimes angry negativity that I find tiresome...

People getting angry out loud because they're frustrated by losing money (on paper) but don't invest the time to constantly take a view and average down or sell and buy back until they have an average where a fall from 22p to 18p is irrelevant in the long term perspective.

I cannot understand why a sane person who claims to have held since the days of AIM would get so very very angry and negative on here rather than keepo it to themselves.

You know me...and I welcome constructive posts that draw attention to possible negative factors...they can help inform my trading at the margins.

But you and I know we will make serious coin before very long...just a matter of how much...

Its frustrating to feel so helpless when so many of us think we could do no worse if we were running SOLG ourselves...(thats not serious BTW but there are a few desktop jockeys on here who know far more than Scott, Nick or Sangha...)

You are one of several posters who I welcome on here and elsewhere.

meanwhile I now have over 50 filtered (talking of which I see Slug/Bonkersman has disappeared again...pity!)

OK earthling...I've tried to give you a second chance and be patient, polite and constructive, but I'm fed up with your constant negative and sometimes abusive drivel, which makes no sense when you say you've been invested since AIM...

You have zero credibility, especially when you post:

"Most of what I refer to, was before we were honoured by your presence."

"Member Info for redknight1....Member Since 2nd Mar 2010"

So I'm sorry, but earthling/needalife...You're fired...(or filtered).

Less than £20,000 T/O after 3.1/2 hours trading...

But nobodys selling...

So why not filter padmaster instead of indulging in childish tit for tat...?

Surely you're bigger than that?

Or to put it another way mate...

As you've been here since AIM...and you daily post some of the most negative stuff on here...

Why on earth are you still invested...and why are you still here...is your purpose in life to make people miserable?

PAX?

Oh dear needalife...did you drink too much on ANZAC day...do you have a split personality...?

Re your post below, can I remind you of some of your previous posts:

"Just for a bit of fun, let's start a game of guessing the share price when we sell.
My guess... 53p."

"If the same 40% premium is paid to solg share holders, as what newmont are offering new crest. It will make our shares worth apx 28p each, at today's price. Maybe we will get a 500% premium to get to that elusive £1."

"The price fall could be a buying opportunity and some share chat forums are full of speculation about a possible takeover bid."

"I clearly stated I've lost small fortunes. Hardly a seasoned pro, as you claim I am."

"I never once said, or even implied that I thought the risk was to high for my investment. "

"Monte. I am invested in solg. And might add, since the aim days. I have high hopes of a profit with solg. "

"£4 by Xmas, in mather we trust"

And finally...

"It's just a platform for people's views. So absolutely no point in wasting energy being abusive to others with a different view. "

"As has been pointed out I'm a bit dumb" and "I'm not the brightest spark."

"Just read the dm&a. Im not to bright, as has been pointed out. "...

"Just gently trying to tell you. Your beginning to sound a little bit silly."

MD&A mate...g'day!

Talatum...if you are worried, do you have to post negatively out loud...?

If you are that worried, why haven't you sold up? If you believe what you read you could have sold and bought cheaper, viz my 200k this week, sold at 22 plus and bought back at 18.55...

While we are waiting there are opportunities to tradxe at the margins of our current 2.2 million shares rather than posting that SOLG could go bust...

Oh dear needalife...

Please find me even one of my posts that substantiates this statement:

"I was responding to rk, daily telling us that copper price was rising, and forecast to continue upward"

Thanks needalife for your reasonably argued post about copper prices...

Actually if you checked back, the vast majority of my posts to do with the copper price have an analyst, broker or market commentator article attached.

This is one of the best from one of the most respected houses on the planet...

https://www.reuters.com/markets/commodities/goldman-sachs-expects-commodities-supercycle-2023-03-21/

"On copper, the forward outlook is extraordinarily postive. We'll be at the lowest observable inventories that have ever been recorded at 125,000 tonnes. We have peak supply occuring in 2024...Near term we put (the copper price) at $10,500 and longer term our price target is $15,000 a tonne."

A week ago, LME copper stocks hit their lowes since August 2006...a year ago they were four times that level...

Worryingly, Russia owns 42% of that stock

https://www.mining.com/web/russian-metal-makes-up-42-of-lme-warehouses-stocks-report/

And Trafigura has designs on it

https://www.reuters.com/markets/commodities/trafigura-plans-take-large-amounts-lme-copper-sources-2023-01-17/

I don't know where Oz gets their info but I believe they are well off the mark...

And then theres tin...