Member Info for seanhunter

Satan, excellent realistic counterpoints to the high octane optmism expressed here - though if i had written exactly what you did (which i might have) you would have leapt down my throat. Earthling im back in today up to.my 57000 limit - i am still not sure about possible dilution but i am a bit surer that we arent going much lower - just been a bad couple of weeks across the markets esp copper. I think a slow limp back to 25p is coming. I am now a holder again but none of my opinions have changed. Does this still make me a basher??? But i own SOLG shares! Does not compute! Bash bash bash! Or maybe owning the shares doesnt stop me thinking critically...

I am with HL and very happy with the overall service. £5.95 a trade for us regular traders. Set limit buy sell orders can sometimes fail but thats probably down to market volatility. Tried IG recently and found the "dashboard" awful to use and the whole service pretty poor - especially the pushy sales/accounts guy who phoned me up the minute i signed up.

Earthling still can't get over your horrible bashing of SOLG and NMs hiring of 40 geologists. We are an exploration company, .. why sit on all this money and not hire geoligists to actually explore what we are sitting on??? I have my hatred of dilution but your negative bashing makes no sense.

RFTJNY my idea of a snake in the grass is someone who goes around investment shows saying "invest in us" one afternoon then dilutes the mugs who did the very next morning. As for Ronin1 i always like to feel like i am the smatest guy in the room and he is the one poster on here who makes me consistently feel i am not.

Surprised that the didn't fall 2p today after your negative BASHING of Nick needing 40 geologists earthling.. If nick needs 40 geologists he needs 40 geologists so please shut up and stop bringing the sp down with your negativity. Even i believe in having geologists in every tenement chipping away, otherwise why are we there? Hate you bashers.

I can guarantee you earthling that Ronin1 knows nore about geology and investing than you and that half wit columbo know between you.

Oh i would love to tell you satan but unfortunately you've already roasted me to within an iinch of my life for handing out financial advice when im not qualified to do so... You can't have it both ways. You need to choose your career path carefully - board troll or board policeman, tge roles are mutually exclusive unfortunately. All i can say to you is DYOR. That stands for do your own research. Unfortunately your two main sources of information - kalbarri and 97D8 - don't seem to be around any more but jimiley comes out with the occasional nugget of wisdom.

Oh and just to cheer you up mate.... Think about this: You are a decade younger than Tom Cruise!

Happy birthday DG1 mate, not getting older just better. The 40s and 50s are much more fun these days, so embrace your prime! :) Never mean to upset anyone on here (apart from the die hard 24/7 trolls maybe although some of them can be funny) although some clearly have more delicate feelings than others, but ruffling feathers is not my intention. My own investing history however changed for the better when i started actually listening to those whom i at first instinctively tried to dismiss and hound from the board. I have always had the belief though - shared no doubt by earthling and others - that it might be a good idea that you should have to prove you own the shares before you can post on a board. That wpuld get rid of the trolls in a stroke and also maybe educate some that anyone with a view different from your own is not simply a "basher". Anyway have a great day mate and lets hope the next big development on here, the next big talking point, is good news and a positive step forward. GLA

Jimiley if you want a stable investment buy a horse. Although knowing your luck it will probably turn out to be a wonky donkey.

Can you account for the full 180 million? And who was shorting between January and April?

DG! - do a PEST analysis. Minor threat is the possibility that "the biggest copper find in the last decade" is a bit too dispersed geologically (AG keeps hinting at this in his blog), that it is all "thin gruel". I don't believe this, but aggressive drilling at Aggy (like we were promised for last Autumn) might clear this up. Major threat to your money comes from your CEO*. Every decision he has made in the last year seems to have cost the loyal shareholders money. It's like the Midas Touch in reverse - not just the addiction to dilution but the hysterical "Ignore us at your peril" stuff coupled with lack of results which just makes him look feeble.* "He's a shareholder too" I hear you cry... yeah but he's getting handsomely paid along with his mates, month after month and he and the BoD can whip up all sorts of rewards for themselves that we ordinary joes can't if things go pear shaped. Look at it this way. All things being equal, the company MCAP staying the same, £1000 invested in May 2018 would now be worth £800 thanks to St Nick alone.... Food for thought. ---------------------------------------------------------------- * "Oooh I carn't stands this criticism of our Nick from the armchair CEOs. I shan't get me old crayons out and draw me old chart my lovelies.. I shall burst into tears I will." LOL

"Sean, to be fair mate, your earlier post detailing your investing history suggests you're no Buffet. You admit you only made money on afpo because you couldn't sell. Point is matey, can you really expect people to take on board your advice and conspiracy theories." No exactly - Ive said time and time again I'm only offering an opinion. I do make fairly good money on swing trading blue chips, and a lot of money recently from copper (from a copper share I will not name but which swings from 800p - 1100p on a wild basis). My point was this: Anyone comments on here about the direction/decisions of the company and the old hands step in: "Oh mate I be doing me old crayons and drawing me old charts but I can't stands these armchair CEOs criticising our Nick..." Well, St Nick did this to us all: When the share price was 32p, he bent us over a barrel, pulle dour pants down, parted our cheeks, slapped some Vaseline on our Nat Kings and sold 180million new shares for 25p. Why? To "get new institutional investors on board". If the pain was worth the gain I would get it. But we didn't get nice "The Waltons Ltd" institutions on board - we got hedge funds and shorters and every other Tom Dick and Harry happy to spend £40million to get £4million profit in a few months. And you mate are defending this little "grumpy" "stubborn" little man who let the wolf in the door. And you are calling ME naive? I know my limitations. I wish the CEO did.

Oh I should add satan that during that "no trading" period the share suddenly got shorted in a way that it never had before in the fall from 32p to 19.76p, suggesting perhaps that a good % of those 180million share were loaned out to shorters before they could be openly traded- so not only was the 25p placing a disaster from the 32p level it also invited the worst kind of abuses. Just a theory... but it shows a complete and utter lack of savvyness from management to do that in this brutal market environment. Newcrest must be livid that they paid 41p only months before this. An absolute clusterf*ck of the highest order.

"seanhunter you have drawn a conclusion that an event is fishy." The Sp is 32p. Certain parties are offered 180 million shares at 25p. But there is a lockdown on trading until April 2018. Meantime the SP plummets to 19.76p and then struggles to stay above 22p for months. April 2018 arrives and lo and behold a rumour emerges of major interest. The SP hits 29p. There is a lot of churn and then weeks later the SP falls back to 22p. I never did like seafood satanclaus. You are one naive individual.

"A dozen expressions of interest." Yeah Q I hope that statement doesn't come back to haunt us... are there even 12 eligible majors with the ready cash to say that? We are already living in the embarrassing shadow of "IGNORE US AT YOUR PERIL!!!!" and "WE CAN PADDLE OUR OWN CANOE" but if that one turns out to be even partially false it could be a real sh*tstorm. The markets knew abo****ely everything about the 41p placement long before we the poor bloody infantry did - that's why we fell from 46p to 35p in a day right before the announcement. Someone, somewhere along the line leaked the news like a sieve. A real, inexcusable lapse of good governance somewhere in the chain. Don't know who it was but every bit of news about us seems to leak. So... if there are really 12 majors salivating at our door, why doesn't the market know who they are and what they are willing to pay? And why doesn't the SP reflect that? It shot up to 29p on the rumour - just in time to allow the 25p placees to get out at a profit after we'd been at sub-25p for months. All a bit fishy...?

"seanhunter is a novice" I certainly am satanclaus - that's why I'm still stuck here in the cheap seats with you and not in a VIP lounge in Ibiza somewhere, reaching past Beyonce for the complimentary peanuts.

"If the fundamentals are strong you would be holding not trading. " Not if you think dilution is a growing threat. Strong fundamentals provide a safety net for trading - there are excellent AIM shares for trading going up and down 20% a day... but a lot of them are worthless and will collapse. This is different. Remember Jim I'm not a TA/chart buff - I trade on the patterns I see (24.9p-26.8p the most recent), 57000 shares netting £570 for a penny rise (minus charges etc). I've been doing this since we fell from 46p to 36p-39p and down and down. This SP swings a huge % within a week normally, and on a regular basis. It has recently fallen out of that last pattern and I don't have a clue why - though I suspect those 180,000,000 extra shares will be a big loose cannon for some months to come. I decided several months ago to sit on my hands and stay invested, but the 25p giveaway was the last straw for me on that score. If I'm out when the big t/o offer lands, then hell mend me, but that's the risk I take. I think for now the majors are happy to watch us burn through our own cash to see what we find on our own.

CONT/ if I were "baws deep" here as we say in Glasgow I would not panic or cut and run. There is a race ahead between dilution and takeover, but the fundamentals here really are sound (I believe, otherwise I wouldn't even risk trading it).

Watch out guys - some tin god on wheels will pop up to accuse you of being "armchair CEOs" for expressing any views of your own. That's one of the main faults of this board (apart from the resident trolls of course) - way too many people trying to shut you up. Anyway DG1 - I couldn't resist replying to your post. This is going to sound utterly patronising I know, but I identify with your posts most of all on here because you seem to be exactly where I was on the investing learning curve about 3 years, with the scales starting to fall from your eyes, and your posts are the most honest - with a mixture of hope and realism. I have been an utter mug in the past - and yes maybe that's why to some people I sound bitter whilst to others I strike a chord. I've been heavily involved with 3 disastrous AIM shares: QPP, SULA and AFPO. I'm not sure how I was tempted away from swing trading blue chips to high octane AIM stars, but before I knew it I had lost £19k on QPP, £32k on Sula... and by stroke of luck made £62k on AFPO (mainly because I was on holiday when it ten bagged in 9 days and couldn't sell early). Unlucky mug punter to lucky mug punter... but really the same thing - all 3 shares turned out to be worthless in the end and I was glad to get out with my shirt, some profit, and having learned a lesson. The lesson was - don't believe the "story", the "journey", all the cliches you read on these boards. Look up any AIM share and read the boards - same types of people saying the same types of thing. "This CEO is different". "This CEO has a track record of delivering". "Interesting times ahead". "Just need to be patient". etc etc etc. The trap is falling in and thinking you are a community - that collective belief and groupthink alone will get you there. SOLG falls almost 95% to 1.5p then recovers and soars to 46p then falls again - in that churn it's hard to know what the real price should be. None of us can really beat ourselves up for making the wrong call on buying. What we do need to do is try to ignore the hype and wishful thinking. Your position is what I'd call the Vietnam Syndrome - early easy victory, so you commit a bit more, suffer a setback but commit some more, then commit commit and commit again to try to average down and go for some kind of draw. Then you realise you are in a quagmire - scared of losing everything, but equally unable to cut your losses now... willing to hold till the ultimate payday but hurting by the sliding SP and the increasing threat of dilution. For the record, having been in at least 3 shares that went to zero, I don't believe for a minute that this is one of them. I believe that the NAV of this company alone right now with all the tenements is well above the current SP. I'm glad I extricated myself from SOLG the morning after that sneaky, shoddy after hours RNS about the 25p giveaway, but if I wer