Member Info for Quady

Never going to a billionaire, I like my wine to much.

Agreed Shipright, That's why I never give advice, like what to buy, just some useful rules to do a first pass sanity check.

Interesting it truncated my post, it's not goo, it should read Good luck.

I am quite Jealous Sam, you are young enough to make a lot of money, and old enough to hopefully see the world, as it is ( to a certain extent ).
OK surprised this is your first share, high risk, but lots of upside.
Get a self select ISA, also don't know your pension arrangements, but if you have spare money a SIPP as well.
1=) Whatever you make, you don't want to pay tax ( hence ISA and SIPP ). The SIPP you can't touch anything in it, till you are 55.
2=) Every time you think you have a good share to invest in, don't buy it straight away. A mistake many investors think is I must get in quick, and make a fortune. I spent 18 months on this forum before I brought a single share in Solgold, then in a short period of time, brought a lot at 4.6 pence, and sold in chunks in the 30's. Still have a sizeable holding today. When I brought, weeks later, they fell to 1.5 pence. So the rule is don't be hurried, you will never get in at the bottom, and never get out at the top.
3=) Don't be a day trader, I have been doing this 40 years, this year. I tried day trading, it's for a special type of investor. Doesn't matter what anyone says on this forum, it's high risk, yes you can make returns, but also you can lose money.
4=) You will get a number of opportunities, don't jump in, learn to read Annual reports. Pay attention to notes to accounts, as the information in notes to accounts is legally binding on the company.
5=) look for companies that generate earning's, you also need to look at debt, sometimes referred to as gearing, I have a rule, that I don't always keep, which is don't invest in any company, that has debt of more than 40% of it's market capital, and make sure earnings can cover payments, and supply dividend cover of more than 1.5 times. I hold Vodafone, got in cheap at £1.30, currently in a loss, dividend cut, but believe it will come good, and even with cut dividends, still supplies a decent amount of income.
6=) I started when I was 19, I brought FTSE 100 companies, and built a holding over many years, looking for dividends, and reinvesting. I think it's the way to do it, and your young enough. I brought my entire Solgold holdings from dividends in Vodafone. So build a high class portfolio from class stocks, that offer dividends, either use those dividends for your more speculative investments like this one, or indeed reinvest in good quality companies.
7=) Look around the world you inhabit, I got into Solgold in 2013, because I saw the cleaning up of the world, meaning electrification of the world. I am currently looking for a Palladium investment, because shortage of this, and going to be in huge demand for electrification.

In short, learn as much as you can about the company, go for solid companies with good earnings, you won't make the big bucks straight away, but you cut your risks of losing money. Watch your yield ( annual dividend return ), one day you can retire early. Much more to know, but a reasonable starting point, goo

Hi Sam, may I ask how old you are, as although like everyone else, I cannot offer you advice, but depending on age, I maybe can offer a few rules.

You are correct Jerry, a lot of solar panels out there. My knowledge out of date, just looked it up, I thought it was between 8-10 grams in a solar panel, apparently it's 20 grams. Will paste in below. Many thanks Jerry.

Approximately 20 grams of silver are used in each crystalline silicon solar panel, which accounts for around 85% of the total market. Roughly 80 metric tons of silver or approximately 2.8 million ounces of silver are needed to generate approximately 1 Gigawatt of solar power.

Hi Jerry, when you say recently, do you mean 10 years ago, one of the reasons, Photovoltaic systems have come down in price, is the coatings are much thinner, and that's the silver use.

What's wrong with that newtoit, I recommend he drinks the stuff.

Hi Aquinaga, agree with you on solar panels, but less than 10 grams in an average panel.

Some uses for Silver
DVD's Computers, Networks, Deodarant, Ball bearing are elecrtro plated in Silver, used in Engineering.
3D printing, Anti bacterial applications, water purification plants, washing powder, here is a biggy, plastics.
Cars, explosives, photography, Solar panels, Silver solder, medical equipment.

You get the idea, I could go on, but the reason the Silver price is rising, is because modern life is changing, and modern applications are going to require more Silver.

Sorry Copper, missed the second part of your question. We have two portable rigs, which are capable of 30M a day. I believe the track rigs, are 50M a day, all things being equal. Not sure how many rigs at Porvenir, but I suspect mid August for first results. Don't think they will report all holes, as Early drilling tells us where to drill next, if we get a strike.

Hi guys, it is speculation, based on how deep these drills can drill per day, based on the fact we are drilling 7 days a week.

Good morning Miagi, we have already passed 300 metres. Why at this stage of the game, release visuals. We are into substantial news now.

Good morning redknight1, the share price, does not relate to what we have in the ground, at what price. Why because it's in the ground. As we go forward, especially when construction is started. People will understand, at some point, the value is going to be released. Until that time, the share price, will rise and fall, and set levels. This is entirely normal. All the best.

That's the problem Iceberg, to many conspiricy theories on here. We all need to take a step back, and see things for what they are. All the best.

Agreed addicknt.

Hi Copperpot, agree with the highering of the company profile. Happening to slowly. I think NM will release news, as it becomes available. After all, once one bit of news released, onto the next bit. All the best.

Redknight1, share is not being manipulated, and certainly isn't a precursor to a bid. If it was, then this has been happening for years. And we would have had at least 50 bids. At the moment, I think its lack of shares to trade. So the spread widens. So what, it is what it is. It will narrow again, as the day goes on, otherwise someone is going get burnt.

I like your thinking Copperpot, like me, you are quite relaxed about the share price, I don't see Tiger recommending that post, but I will.

Good morning Miagi, Porvenir update, round about mid August to my thinking, The small rigs about 30M per day. The large rigs, up to 50M a day, but we then need to send off the core samples for the figures used in the update. Maybe a bit longer, bit definitely before PFS. I think the next news is the sign off of FN deal. All the best.