Member Info for Quady

Morning KB007, nice picture of the helicopter on the timbers, I imagine it took some skill to land that, as you can't see underneath, guessing he was guided in.

Meant to read no spare cash . ARRGGHHH

Good morning all, looks like March 19th was a good time to buy any of these shares, as they were really at the bottom. Isn't hindsight a wonderful thing. I know nothing about any of these companies, although interesting to see SLP crop up in the list, as have been looking at this now and again. However no spare cash in my ISA, as all my main holdings in companies that pay me dividends, are either cancelled or on hold, with the exception of two, but who knows they may follow suit. So unfortunately no spare call to invest. So is life. Transitory I suspect, but hope you guys are doing better on the dividend front than I am.

Good morning anon3, well done on reporting shipwrecked. I was uncomfortable with his mortgage advice, as he had no compassion for people suffering from the fallout of Covid19. Referring to the limited bailout, as some socialist bailout. And how he is going to profit from picking up cheap property. Something childish about that post. But last night's post by him, shows him to be an idiot, and a nasty one at that. We don't need rasict idiots on this BB.

Hi Jerry, if that is the 18 min 11 second one that was put up in a link today, it has also been put up twice before two days ago, and we commented on it then. But agree very positive.

Thank you Zoros, but already been in touch with them. It is 50,000 min Salary and even then they want 75% LTV and interest rates are high.

Again of course you do Jerry, as I count you among the intelligent, well measured, good natured posters. All the best.

Thank you woody, but still have a mortgage, only paying a small percentage, but want to clear it in the next couple of years.

I haven't, but I don't believe they take new mortgages, but have just secured a deal, with Barclays, as they have extended to 5 times.

Thank you Italian, I have this running in the background all day, I have my tele, split into 4 screens, and this is one of them. My task this week is get my daughter a mortgage, as it appears, that the AIP, we had before Corona, is no longer valid, as lenders have tightened their criteria, as to get 5 times you require a salary of at least 75,000 a year, so open question, does anyone know a lender, who will lend 5 times on half that figure, with a LTV of 85%, Tried all the usual suspects, Allied Bank of Ireland, Clydesdale, Bank of China, ETC. And of course the main high street lenders. I want her to do this herself, so no Dad putting up a deposit which I get back after 5 years.

Thank you addicknt, although we disagree on the outcome, I read what you say with interest, it seems most of the intelligent posters agree with you on the outcome of Solgold, and sometimes I do question if I am right. However investing is about putting money into a share based on your reasoning and judgement. I know it involves more than that, but when you push the buy button, that's what it comes down to. I don't know your investment strategy, and not asking as it's your business, but a good subject when we all get our payday, would be where are we next investing. All the best.

Hi addicknt, of course you agree with me, that's because you are a highly intelligent, good natured chap, who looks at the facts, and comes to a decision within constraints. All the best.

Hello Redleader1, yes it was, and guess what, that was illegal. We are really going down the rabbit hole, if we think groups of MM's are manipulating a share, that trades less than 10 million a day, to risk a large fine or jail sentence. That's just paranoid.

Good afternoon Zoros, I wasn't going to answer this question, as felt many on here, with more up to date knowledge than me.
But here goes.
In order to understand if a market is manipulated, you first need to understand how the market works.
Let me state, what I am about to divest is not earth shattering or illegal, but in short, Markets are not manipulated by MM's.
The price you get for the next trade is the last trade with some factors, these include, blocks offered up, a sell price and a buy price. Sometimes the spread can widen, and it can narrow. Usually when it widens they don't want you to buy, they want it to settle down and take stock, if you sell at this time, shares are picked up on the cheap. When it narrows, just assume that we have enough buyers and sellers on each side. Not true in all cases, as I am sure other posters will say, but as a rough rule of thumb, it's pretty accurate. The problem we have at Solgold is the number of shares we buy and sale everyday. It's a tiny percentage of what established companies trade on. We need to get this up to at least 0.5% of total stock in issue, that is currently 10 million a day, brought and sold. 1% would be better at 20 million a day.
If this was to happen, the price would firm up, and we would create some underlying support for the share price.
Because we trade such small volumes, any sell, where the following shares offered up are small, can lead to an overcorrected price. In a negative way. So in short, price not manipulated, just not enough interest in us, at the moment.

Morning Iceberg, aimed at everyone I should think. What I would personally like is an update on what Citi is doing. However doubt we are going to get that.

Your last point, is more than valid Iceberg, not just for private Investors, but also our major shareholders. As I have said many times, why would you take 60 pence, for something worth so much more. The only reason I can think of is you need the money.

Exactly Copperpot, also just to add, he can deliver all this to Ecuador faster than any major, because all their procedures are the same. If a major moves people in and out, they take time to be up and running, this involves delays and cost. Also when proving up new sights, they have a model now to roll out across the estate. If you remember, we took some time to get a water permit for Alpala. However on the presentation, we have already acquired the water permits for our 3 drill sites. This is going to move so much faster. I agree Copperpot, well worth waiting for. This is an investors dream.

Good morning Iceberg, how about he's just doing it, for the reasons he said. He wants more news going out to inform the markets, and the Government of Ecuador, and indeed the wider community. This could be advice given to him by Citi, as part of their defence against low ball offers. He's very aware that we need to get the share price higher, otherwise we will get low ball offers.

Hear. Hear, ColonelDrake, this BB has come a long way in the last couple of weeks.

Thank you Zoros, I see why your angry if your average is 26 p a share. However surely you didn't expect a buyout, as their has to be something to buy. 5 years ago, we had a piece of land, with some holes in it. These things take time.