Member Info for RedRoger

Send it here please, nothing less than lobster, fillet mignon and a decent red. Thanks old chap.

Unemployed? I simply said there's nothing out there that interests me. I'm far from unemployed, I am trading shares.

Listen to Mister Benn, he's done every role ever at the highest level.

We needn't concern ourselves with the difficulties or otherwise of constructing a block cave mine. There is no way that will happen under Solgold's stewardship.

I would rather have technical aid from BHP than the Chinks. They know what they're doing, chinks can only plagiarise never innovate. But I suppose any help is better than gone given the shambles that is the Solgold team.

My patience is up. Target dropped to 4p for an exit now.

A JV is not going to happen. It will be a sale.

"Current battery technology is unable to offer an industrial scale solution for longer than a few hours. The building of “the world’s largest” lithium-ion industrial battery in Trafford, Manchester, recently hit the headlines: costing £750m25, the battery would store 1 GW for 2 hours, (2 GW/h) enough to power Britain’s grid for 3 minutes and 17 seconds. At higher shares of wind power, electricity will need to be stored over weeks and months, not days and hours. It is easy to see how building an electricity grid powered solely by renewables could end up costing the UK more than 100 per cent of GDP."

Precisely my point. It is simply not viable not to mention pointless when the rest of the world is rapidly increasing its use of fossil fuels

And all of that is if you even believe that using them is a problem in the first place. It simply isn't. It's blatant BS using fear to try and control the population.

Solar needs sun Quady, when it's dark it doesn't work. The UK is a pretty dark/low sunlight country so of course it won't work here. Any attempt to store "excess" and use it later is doomed because the materials simply don't exist to make battery storage in anything close to what the world would need to use that as a solution (to a problem that doesn't exist anyway)

You're referring to Porsche ending its budget sports car run I assume? Overall the company has rowed back on its stupid target to have 80% of sales EV by 2030. It is in fact investing in new ICE and hybrid engines, but have no doubt as the nonsense gets kicked into the long grass, those will become pure ICE engines

There is literally no point pulling a 200kg battery/motor around for no reason other than appease the green zealots. They will be gone soon anyway

Technology will solve the energy crisis when

A) There is such a crisis and

B) The solution is good enough.

Right now neither is true, but fortunately we have hundreds of years worth of coal, gas and oil left so there's no massive rush. Drill baby drill.

Gradually the sneering "elites" are losing the battle for Nut Zero and their toys are coming out of the pram. It turns out that the snobby Guardian reading "Trust the $cience (TM)" brigade in their puse chinos who are all a bit light on their loafers are nothing more than a noise in an empty vessel. The masses are awakening, it could not be clearer.

It's just as well Cascabel is a massive gold asset because that is the story that is beginning to play out more quickly. Those who invested for copper or clean energy will get lucky, those who saw this as the gold play it is will be proven right (all along)

Is there a job Quady hasn't done ?

When I was a kid there was a cartoon called Mr Benn where he would go into a costume shop and whatever the costume he picked was he became that character and did that job/role

I believe the inspiration for the show was Quady's CV

Quady you can't have 24 hour solar and wind without 24 hour sun and wind, and the weather just aint like that

Any interim storage means batteries and the tech and materials simply don't exist in sufficient numbers (DO THE MATHS)

Gas is not coming to an end. 25 MILLION homes in the UK are heated by gas. Do they all freeze and die on your green altar? Or are so insanely thick that you think they all have 20-30k knocking about to change their heating systems in the next few years?

You truly are a Richard Cranium

*5 times more!

Quady you need to engage a brain rather than an AI (search engine)

I honestly don't know how to explain this but I'm going to do my best. You see that sun thing in the sky? It's not always visible to us and it's not always providing us power but our grid needs power 24/7, 365 days or else life would grind to a halt. Imagine a hospital running on solar only and winter operations having to be cancelled when it's cloudy or dark in winter because there's no power.

It doesn't matter how cheap energy is if it's not reliable. I can wind up a torch for nothing using my hand and it will work for a few minutes,but is that useful permanently? What if I need to both wind the torch up and dig for gold?

Tying electricity prices to gas is a sleight of hand used to justify enormous subsidy for unreliables during times of high market gas prices. Perhaps if our wind and solar CFDs tracked spot gas instead of peak gas, we'd have a different uptake?

The proof is in the pudding. The UK has the most solar and wind along with Germany and we both suffer enormous energy prices compared to countries that just use reliable, cheap energy

https://www.statista.com/statistics/263492/electricity-prices-in-selected-countries/

We pay a fifth more for our leccy than massive coal burners India do

Actually coal is the cheapest form of energy you can get, and it works 24/7, 365 days a year without needing to fund backup systems to provide for it when it's not sunny.

Electricity is priced at gas (and specifically peak Ukraine war gas in the cause of wind auctions) for a very obvious reason. They want to subsidise alternatives to gas by giving them all the money we pay for gas

But gas now is far cheaper than wind and solar yet we're stuck with the contracts we struck during peak gas. Convenient that, isn't it?

As a sovereign nation the UK could change the way it prices electricity tomorrow. But it won't do that because without monumental subsidies we won't get new solar and wind contracts

it's plain and simple corruption and it's the reason the UK has among the highest electricity prices in the world, some 4x what our American cousins pay

Quady, their share price is collapsing YoY since they were incepted. Even with a dividend, how is that a sound investment?

Next things to take off? Coal and Gold. Oil will rebound too.

You have your view of the way the world will go, and I have mine. Yours is based on Guardian articles and "the science TM", mine is based on pragmatism and maths.

You cannot prosper without cheap energy. We will find this out very, very soon in the UK

I haven't been alive for as long as you've been investing but I am far more clued up than you. Your numbers don't pass the sniff test for reasons that I outlined.

But I will humour you. Why are companies with such impressive dividends declining in their market caps and share price? It's like the market is trying to tell you something.....something I told you in my last post about the sustainability of heavily subsidised energy in a world that is abandoning the fairy story.

Cash in, buy gold producers. Thank me later.

Let's do a bit of research then, first ORIT dividend at 8.43% share price initially around 105p at launch in 2019 currently 71.9p

And then NESF, 12.71% dividend. data back to 2016 shows share price 110p then peaking at 125p in 2020 and currently 66p

Obviously we don't know your weighting but they're quite similar so let's consider you put half in each and your average dividend is 10.57%. To earn £80,000 dividends (in an ISA!) you would require about £800,000 worth of stock between the two (remember folks, £20k per annum extra in an ISA)

But imagine for a moment you really did have £800k parked across the two in an ISA (you haven't), what then would the stock be worth? Well if you got lucky and bought both at their current bottoms then £800,000. But if you bought both near their tops then you'd have lost 32% on Octopus and 40% on New Solar, so an average of 36% loss on £800,000 would see your current stakes worth £512,000

Both are plummeting and both are doomed. The dividends for both are based on flaky government subsidy that is non sustainable, much like the industry itself

I'll take a rain check Warren. (Warren idiot not Warren Buffet)

Https://www.mining.com/web/rio-tinto-board-looks-for-a-new-ceo-who-knows-mining-better/

The title of this mining.com article says it all. Another silly green woke tosspot bites the dust as ideology meets the reality of shareholder profits.

There was rumoured frustration at board level about Rio's direction of travel and heavy focus on Lithium, many felt they had backed the wrong horse (and they have, it's obvious)

Out of the blue their CEO Jakob Stausholm resigned (was pushed) a few days ago. Could they be changing direction? I would say so.