Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Hi red knight. It’s a classic dilemma, they were doing nicely and sat in the stable income corner of my ISA. I should’ve dumped them in March but once the divi was suspended they crashed and I was left pondering the average down / catch the falling knife scenario. Having a 54p average was really good once .. not now! Oooops. That said, my Solg holding was largely built up by catching assorted falling sharp cutlery. Sorry everyone, in other news, Solg ...
Well hello anyway Kohaku. It is a spectacular buy In for most of us, and my £1k a month drip feed sounds quite lame in comparison. And anyway, I can’t decide on more solg, digging out lloyds or topping up cty while it’s cheap. So much for my portfolio strategy. Poor Scrat, hugs solitary profitable acorn convinced this 26-27p rut is engineered and that something moderately exciting isn’t far away now.
@ BN.C .. Hello from West Lindsey! Just cling to the (surf) board because we have something others (with deep pockets) want. Just have to hope we don’t get outsmarted by all the Jackals out there. The longer this goes on, the more the true worth is defined, the risks removed, Institutional investors eye the long term prize, and streaming deals make going it alone credible, what’s not to like. NM seems to be making the impossible actually look quite feasible. We haven’t run out of road, or choices. He’ll do for me!
@BN.C .. greetings from Lincolnshire! Yup, still here watching over my little acorn. I only post these days when particularly exasperated, doctors orders lol. I’ve crept up to 300k holding @ 8 1/2 p average while we’ve been in the doldrums. Still aiming to buy the company but it’s slow going on my salary. How’s things, .. and particularly Elliot? Big wave ??
Any start up business will ‘go light’ on things not adding immediate value. As a business grows and matures, it has to devote more energy to corporate governance. It has to make a proper job of adhering to the Regulators expectations of a proper grown up company. Cornerstone presumably thought it was a basis for a challenge, and SOLG have been responding to the exposed weaknesses in corporate governance, and to address an area where they could be criticised maliciously. I’m sure we’ve all heard managers say ‘we must get ready for the audit’. Sometimes we all need a nudge to get our priorities ordered. Totally unflapped by any of this.
Hi Copperpot. I’ve always had a suspicion that Solgold might put Ensa (Alpala) up for sale as a defence. With CGP dealt with (one hopes) then Ensa is just the most forward of five wholly owned subsidiary companies, and a sale would leave Solgold well funded and free to carry on proving up the next candidates in the pipeline. If it becomes necessary.
Hi folks. I’ve some HSBC index trackers as a sober conscience thing and CTY and JETI as steady quarterly dividend payers. My lunatic share (from five AIM shares I once held) is SOLG and I got into that almost by accident. RIT sounded more rewarding than the actuality and Lloyds bank is enough to drive me to tears. So investment trusts it is, and Alas I’m now very wary of backing british horses I’m sad to say. In eight years I’ve mildly outperformed the market and nurtured many ulcers. Oh. Fees, £1.50 / trade on lloyds share dealing service as a regular investment, plus stamp. Not too bad.
Thought I’d say hi and start following the board. In the post #ihatewoodford era, I popped a mere £300 on this earlier in the year, watched it go up 20% in no time flat, drop back with Covid to where I’d started, and now up 70-80%. Decided to start drip feeding £500 each month even at current prices but hoping not to repeat my genius moves with lloyds bank. Just wishing I’d converted my FSAVC to a SIPP and backed this horse instead. Hindsight is a terrible thing! Still, I like the investment trust vehicle and the philosophy behind this one in particular. Hope I don’t ruin it for you all ;)
Concur. Just like Ebay. The runner up sets the price. No-one With an ounce of wit bids early if they can avoid it. Keep your powder dry and be ready to pounce with your best and final offer. Bit steep to process via PayPal though.
@ BN.C Ta, I’ll check WI’s latest out. See which way he’s pointing this week! Interesting times. Patience necessary as ever.
And well done Cookie. I’m b terrified of mingling at the mo cos I’ve ‘ad a chesty cough all winter and aren’t as young as I was. On half rations here and eeking generally. Lost seven pounds so far, nothing like as much as the supposedly boring, stable part of my portfolio has lost though. Should’ve cashed up. Bit peeved by the pressure on the banks re divis too. Strange times. Strange times. The Rhubarb is coming on strongly though.
Plant now, harvest later.
I’m not sure where we are heading but I’m going to keep drip feeing into this one. One day things will be normal again.
Well I hold a sizeable chunk of these (by my standards) and having finished weeping into my beer (over the suspended dividend), I’ve emptied my current account and bought what I can today. My hunch is that from Monday, folks (like me) who buy these for the divi (now quarterly) and keep them for an eternity, will start into their new isa allowance with gusto. I hope so. If not, I’ve goofed. Wouldn’t be the first time!
Always darkest before the dawn. Blooming dark it is too.
Well I’m ISA’d up so I’m going to put my head under the duvet and hibernate until spring has got going properly. Hopefully everyone will have stopped sneezing and we will be in a better place all round. TTFN