Member Info for mattlilly

OK I get it...

Right now, most of the time its just a token listing...

Seems we're agreed on the SOLG/POG correlation Colonel...

SOLG TSX volume iOS always a sideshow compared to SOLG LSE...

If he'd did his homework instead of posting unsubstantiated opinions he would;ld no this...

HIGHEST Total daily volume in the last 3 months before today is 142,500 shares...

AVERAGE daily volume for the that period is 20,000 shares

There are 19 days with 1000 shares dealt or less...mostly 100 shares or less...

However, today's is the highest for over 3 months at 500,000...

I wonder if our 50k block seller on here is arbitraging into SOLG on TMX...currency reasons...?

TMX equivalent price currently 25.65

When are you guys going to get it...

Its not Blackrock...

Its n ot MMs manipulating...

I've said it countless times before...SOLG moves on the Gold price, which is down over 2% today (on stronger than expected US farm payrolls) and 4% since last Thursday...

Thats why we need news...desperately...

When there is a vacuum of news and gold gets hit, SOLG goes down...

Simples!

No Colonel...I'm not that stupid...

BTW its FawZi

You beat me to it DBW! Well done

(Courtesy of Motley Fool)

Celebrated value investor and economist Benjamin Graham has been dead for 45 years, but his teachings and books live on.

Warren Buffett, his most famous student, goes from strength to strength, and if you haven’t read Graham’s The Intelligent Investor — preferably in the updated edition with the commentary by Jason Zweig (no investing slouch himself, either) — then I’ve only one thing to say: read it.

One of Graham’s most popular teaching devices is the notion of ‘Mr Market’. First introduced in The Intelligent Investor, the purpose of the ‘Mr Market’ analogy is to illustrate the irrational and illogical nature of stock markets.

I’m going to simplify things a bit here, but the idea of Mr Market is this: he’s a kind of manic-depressive, swinging wildly between gloom and euphoria, as company news and the general investing climate changes.

And the key thing about Mr Market is that he shows up at your front door every day, wanting to either buy some of the shares that you hold, or sell you some more. When he’s euphoric, he’s in a buying mood, and he’ll offer you high prices. But when he’s gloomy, he’s likely to want to dump his stocks at a low price.

Mr Market is very real

Now, The Intelligent Investor was first published in 1949. Today’s Internet-driven real-time electronic stock markets were far in the future.

But you don’t have to be a genius to see that Mr Market is actually a very accurate analogy for what we as investors see every day in our portfolios. When market sentiment is buoyant, prices are high. When market sentiment is gloomy, prices are low.

And often, it doesn’t take much to trigger quite significant oscillations in price. Mr Market is very real, and — through the price mechanism — every day offers to buy our shares, or sell us some more.

At any point, we can sell to Mr Market, or buy from him.

All the hysteria about BlackRock is a load of tosh. The Solgold shares will be spread across several funds. Individual FMs make decisions on the margin as suits the fund. The idea of some sort of orchestration to affect the SP is rubbish. Nothing happening here so people look for a story when there isn't one...

Every one of those trades is an ALGO...

If it was a trader they're not making enough money to make it worthwhile, so I'm drawn to the view they are programme trades...but what's behind it...

10% down on 1.5m volume...something stinks indeed Shipright...

Totally agree with that Quady...which is why I won't touch Shell or BP despite the results and divi yield...

Sincerely

Bobo

So if there's no blockers until 37p Colonel, this thing is trading on its own merits...and going up steadily...

To be fair to Quady, in the Annual Accounts last September Nick said:

"SolGold is currently targeting the commencement of production in 2025."

However, this was before the deferred PFS...

On 14 July as mwv reported, KM made it clear its 2029 as follows...

"So Keith says 2029 for production from underground mine. If we take 3 years for mine drift and 2 years for subsequent tunnels. That means mine shaft start beginning 2024. So 6 months for PFS followed by 1 year for DFS - end 2023. Then 1 year for financing and approval. Gets us to beginning 2024 to start process and 2029 for production.'

They've got an army of Irish navvies lined up with picks and shovels for 2025 zoros...

In Quady's book, digging out the first surface deposits counts as production...

He doesn't understand the meaning of 'Commercial Production'...

SOLG gone from 26.2 to 28.1 in the last five trading days despite volumes of
587k
1158k
1546k
806k
247k (so far...)

puzzling...hopefully optimistic...

However, maybe this will help Quady...just one example...

https://www.marketbeat.com/stocks/OTCMKTS/SLGGF/short-interest/

As at July 15th

Current Short Volume 2,267,400 shares

"

Ah yes rcgl...I forgot that IG Index removed 1200 stocks a couple of months ago, including Solgold...

Back in the objective, constructive, discursive part of the BB...

Can any body make head or tail of this SOLG market...?

The SP seems to be showing underlying strength and I had surmised this might be to do with pending RNSs (CEO, Regional Drilling, MD&A, small J/Vs...)

However, despite Liam's upbeat performance and the MMs markup to 28.35 this morning, we have only had £32k or so of volume today...but...the SP is still holding up...

Wouldn't you think that normally the MMs would mark the price down to try and stimulate some volume...the last few days seem to suggest that investors are holding their positions with little intention to sell and MMs are trying to keep a pretty flat book, possibly for the same reasons...

Lets hope this means that any good news and consequent buying surge will see the SP spike sharply higher...

All opinions gratefully received.

I see none of you have criticised Quady for his grossly insulting behaviour as a standard response to a legitimate challenge...

Anyhow, despite his further implied insult about me not understanding CFDs (he's obviously forgotten my CV)...

Jerryspaniels post at 08.33 gives more than enough information, so let me simply quote from my chosen 'provider' (I no longer use either CFDs or spread betting)

https://www.ig.com/uk/shares/markets-shares/solomon-gold-plc-SOLG-UK

"Take a position on over 16,000 shares
Get low margins when you go long or short on global stocks"

And, provided you put up margin there is nothing to stop you shorting at least 181,500 Solgold shares...

Nor any MM for that matter...CFDs are used for both trading AND hedging. I have hedged portfolios up to £4.5 BILLION...

"Margin

Your aggregate position in this market will be margined in the following tiers:

Tier Position size Margin
1 0 - 60500 Shares 25%
2 60500 - 121000 Shares 40%
3 121000 - 181500 Shares 50%
4 181500 + Shares 75%

Sorry but I can't be a***d to post anything more than this as a response to somebody who is consistently insulting.

Cheers

"

Pathetic volume again today but we've gone from 27 to 27.9; back to 27; up to 28 and back now to 27.65/27.75...

And mainly piffling ALGO trades...

Maybe MMs are trying to stimulate interest...