Member Info for seanhunter

"Gold rises SOLG rises..."

Sounds like an ancient prophecy.

But i remember when gold was $1200 an ounce, SOLG was 27p.

If only we were mining Bitcoin eh? The block caving is much cheaper i hear.

We are burning through your money at a comfortable pace. Maybe not comfortable for you of course. You may feel some discomfort.

Good new is that plans for the staff Xmas party are at an advanced stage and we hope to model it on the recent Obama birthday bash (similarly "scaled down" of course!).

Carry on everybody, you've all done very well.

To those naysayers who were predicting 19p only a few days ago - I told you the squadron never dies, and me old crayons never get it wrong after the fact. I rewatched Dunkirk on Netflix just last night to reinvigorate the old British Solger spirit, and boy you could have knocked me down with a feather when I realised the young lad in it was Harry Styles from One Direction. It just shows you.

The kids on social media have a phrase:"resting b**ch face". I take it to mean the kind of face that, unless the person is actively smiling or has some other marked expression going on, tends to look grumpy or mean naturally, even if the person is not feeling grumpy or nasty. you know, the people who get told to "cheer up" a lot, even if they are not down or unhappy.

SOLG seems to be like that too. Whenever news dries up or sentiment fizzles away, we revert to our own "resting b**ch face" down at 19p where we languish until some news or speculation gets the fizz going again. It has nothing to do with value, it's very disheartening, but happens again and again. It's as if there is nothing ever that will keep this share price stable at any point between 19p and 37p - it's either going up or down to either end of that scale (usually up very quickly, then down soul crushingly slowly but steadily). A stable middle point of say 30p would at least keep morale up, but it seems that every new generation of SOLG investors has to endure this slow cycle of torture like an initiation. I'd say it'll put hairs on your chest, but that sounds like a phrase that would get you into trouble these days...

Can someone kindly fill me in as to what happened with this "company"?

My take is this: out of the ruins that was QPP (Quindell - of which I was one of the main suckers on here) came a "company"... what was it's purpose? What did it make? What happened to the money left over from QPP?

BHP that should be, not BNP (hopefully!)

The natural bottom - the seabed if you like - for this SP to rest on is 19p. It can move very quickly into the high 20s on unnamed speculation and breaks out into the 30s on news and excitement - and when the excitement reaches fever pitch it soars and peaks at 43p for a day or so. then it heads back to 37p for a few weeks then drops into the 20s and - if there is no more good news - retreats back to the 19p level.

Considering BNP happily paid 40p a share a while back, you are right - there's no real reason to be down at 27p but that's just the way it is - this share sinks without news.

My favourite bit though is always when it jumps from 19p to around 32p and BNC appears out of noweher to tell us this is what his crayons predicted. My second favourite bit is 38p and above where the old regulars start congratulating each other for being such wise investors and talking about the boats they are going to buy.

I know it's all very frustrating if you are not trading, but you might as well enjoy the journey.

I've never seen this board so gloomy except when the SP was bumping along at 19p for ages. The 27p mark is still quite healthy and a confirmation that this is an excellent share to trade in the short term.

What happened to the old Dunkirk spirit? What happened to "I want to have Nick's babies"? What happened to "Nick is linig all his ducks up in a row"?

Come on lads, the squadron never dies does it?

Get some of this down you:

https://www.youtube.com/watch?v=qKpuYWo5La4

They don't like it up 'em!

The trouble is, the big boys like BHP can think in terms of decades while the short term can be excruciating for small investors. The MCAP grows but so does the number of shares in issue, so the future payday continually recedes before us.

Every time there's a buzz and dramatic uplift to 40p+ we get all the talk of Elliot Waves and endgames - and we also get a new generation of investors on here who got caught up in all the hype, bought in at 40p+ and then get trapped underwater when it sinks back into the 20s for months or years.

But even were I in at 43p, I would never, ever sell this share at a loss. That is completely unnecessary. Unless you absolutely need the money out, you just need to be patient. An exit point will come again - either at the final takeover or the next time we are the darling of the mining sector for a few days and all the old regulars on here are talking again about buying boats.

"Oh David... I can feel the surge... I'm surging...."

(The older ones will get that reference...)

"I have waited this long, will wait as long as it takes,"

We are all entitled to our positions, but at what point do you become simply a broody hen sitting on a china egg?

At what point does the cancer of dilution eat away enough at your initial purchase that it becomes painful?

No one - abo****ely no one - who ever bought these shares doesn't wish they had been holding or will be holding when the big bang of a buy out finally comes.

But since I first invested here, the SP has journeyed from 19p to 40p+ three times - a marvellous opportunity for the more flexible investor (the only risk being caught out in the event of a sudden takeover bid).

And since I first invested here, the number of shares in issue have almost doubled - a slap in the face for the loyal investors sitting tight and having faith.

This company is not froth, it will never be worthless, but if a strategy to successfully unlock these vast, vast assets to give at least some interim shareholder value is continually kicked down the road, then they might as well be on the moon.

Sit tight, or duck and dive a bit taking advantage of the great 19p - 40p cycle? Both have their merits - and why not mix the approaches? This seems like common sense to me, but this board has become so toxic and paranoid that any common sense is treated as treachery, or disloyalty, or the product of mysthical "bots" and paid derampers.

People who are warm and comfortable can just never understand people who are cold and uncomfortable.

We've seen that in the UK this last year, with a significant minority very happily ensconced on furlough, getting £2500 a month to sit at home while others have to work and many more are kept from working but receive no money at all - these £2500 people are happy for lockdown to continue forever and for the rest of us to continue footing the bill. Why shouldn't they be? No need to rush. Life is good. Let's be careful. They are the ones we see in the pubs and on the beaches while we are in the office wondering what the hell is going on..

It's the same with companies -sometimes it's nice to sit pretty, getting paid, getting bonuses, getting options year after year while delivering sod all or at least delivering at a snails pace - but knowing that there is ultimately a golden pension of a payout years down the line. No need to rush. Life is good. Let's be careful.

What are those pesky small shareholders out there screaming about?

Seriously ByronBayGold if you really are such an utter numpty you shouldn't be allowed to buy or sell shares.

I've been a member here since 2013. At which point was I recruited as a bot to spread fear on this board? You are a coward sir for making an accusation you don't have to justify, prove or defend in person. My views on SOLGs long term increasing dilution, and my mocking take on some of the more optmistic voices on this board are well known and go back years. You're an absolute baby to claim that anyone with a different view from you must be a fake account - or even better a paid deramper. You don't think if someone was paying me to spread fear on here I'd be making a better job of it and not messing around so much?

Sticking your fingers in your ears and going la la la everytime you hear a dissenting view renders coming on a discussion board pointless in the first place. I think this is an excellent share and I've never told anyone, ever, to sell. Not a single time. I just warn against the erosion of dilution in the face of an ever receding future, of sitting tight while management print hundreds of millions of new shares.

You are of course entitled to have your own longer term approach to that, but you are not entitled to make up straight lies about me having other accounts. If you have everyone believe that any dissenting voice is some kind of sockpuppet, you will poison the debate on here permanently. So, do grow up.

And here's an example for the record.

The first time this share reached 40p in my time as an investor a few years back, the MCAP was less than £500M.

Today the MCAP is over £600M but the share price is 28p.

So yes, the company is growing, the company is doing well - but what about the poor bloody infantry? The company is worth 20% more since that time but any private investor who bought shares at the time is 30% down today.

So where does your loyalty get you? Where does sitting tight get you? Just asking. I know you all always believe that ducks are being lined up in a row, but in reality your goose is always slowly getting cooked.

No I don't have other pseudos too. That is a complete lie and an idiot comment. And what am I spreading fear about? Dilution that has happened - that's an absolute fact.

This is an absolutely fantastic share to trade. but to sit loyally year after year while they dilute you? Sure I have an opinion on that. It's clearly an opinion you can't handle... but don't make up lies.

When I first climbed on board the old Solg choo-choo the number of shares in issue were 1.4billion.

Dilution is picking the pockets of existing investors, it's the most basic betrayal of the buyer of a share by the issuer of that share. I railed against it back when the regulars on this board were daily saying how they wanted to have Nick's babies. I kid you not. That's why they hate me - not for anything recent but because i was right about dilution and I was right about Saint Nick. The market cap of this company has grown enormously - but for the loyal investor it's been a betrayal - they have been left constantly walking up a down escalator while bonuses, options, expenses and everything else has inflated wildly while the share price remains firmly in the 19-37p range.

Anyone new to this board, I called this out years ago. That's why they hate me. I'm still here. Where's their precious NIck?

And, she's got one of those copper bracelets that is supposed to help with the old arthritis. A copper bracelet, but she absolutely swears by it as do thousands of others.

Guess what it's made of? That's right. Copper.

The world needs copper, that's for sure.

My good wifey recently bought tanning pills (to go with her ketone pills, and her fat burners, and her appetite suppressant pills) from Amazon....

And do you know what one of the ingredients is? Copper. That's right. Copper. in something as bizarre as tanning pills.

if this trend continues, my lovelies... BOOOOOM!

Me old lady always says the Almighty gives us two ears and one mouth for a reason. It'd be filtering people that got you in the pickle you are in today.

Twas many and many a year ago
That I first bought SOLG shares true
And for many and many a year since then
I’ve had more red days than blue
But I followed and bought and bought again
And waited for that save
That change of fortunes my crayons show...
The mythical Elliot Wave!
I know not whether Nick was right
Or whether Nick was wrong
All that we know who hold this share
Is that the wait is long
And every day is like a year
A year whose days are long.
But I’ll go on waiting till the day
The buyout news comes through
Or worse – those dreaded words again –
“We can paddle our own canoe”.