Member Info for SilverSpoons

Swift agreement nearly unanimous. If they do cut Russia off then you can bet asset seizures will follow. Frankly I'm amazed there was a bounce on Friday, but then again it would have undoubtedly helped create a buying spree for those wanting to sell. Monday however may see reality sink in.

https://www.rferl.org/a/medvedev-end-diplomacy-russia/31725038.html

Just a thought, but what happens when tit for tat sanctions asset seizures start to occur

Time and time again company heads forget about improving profitability and developing new in house brands in reach for the roulette table of mergers and takeovers. Improving profitability through increased efficiency may be boring, but it's what brings home the bacon. Imo this proposed purchase is nothing more than a gamble being used to hide their poor management to date which has seen the company struggle against its peers. The sooner we get rid of this bunch of self promoting empty suits and replace them with proper management the better.

https://news.sky.com/story/sports-direct-tycoon-ashley-reignites-row-over-debenhams-collapse-12371048
especially given the effect on the pension fund

Though very different, in some respects this is starting to remind me a lot of how the board of Debenhams behaved towards the shareholders. UK corporate law is sadly lacking when it comes to protecting shareholders in such cases.

The price of gold has come down due to supply outstripping demand at 1800. People get far too hooked up on short term gold price movements when it's the volume times average price for the period which determine how much money gold miners make. Those with all the data play into this, going long and short on the commodity and the miner at differ times in the cycle. Personally I think we are at a pivot point, but who knows, maybe the miners have further to fall.

The currency of the future may be a crypto currency, but it won't be one of the current Crypto currencies, unless of course some, likely small country, unwilling or unable to develop its own, offers to buy into one based on the estimated cost of the mining, which will obviously disappoint all but those who have stock left over after mining it. The fact is any government can outlaw the use of any variant at the stoke of the pen or the tap of a keypad, at which point it becomes nothing more than an illegal marketplace token. Don't get me wrong, the current batch of Crypto currencies still have legs since there are still buyers willing to be sucked in, but once governments start using their own, a big slice of reality will set in. FRES meanwhile imo will be paying good dividends for decades to come.

The market price of silver was a joke for years, it's only now being allowed to recover, probably because having been just caught the manipulators don't want to appear to take the pizz. Fres share price is also a joke. Too popular with CFDs, Spread Betters and other imaginary position holders to be allowed to rise. Imo we are due a stock market correction at some point, one that will wipe out any long geared investors, and then, and only then will the price be allowed to rise to fair value, which imo is at least 50% more than present, perhaps even 100% more.

Slow day today. Everyone waiting to see what happens in the elections on Sunday. Personally I don't see this as producing any surprises that should adversely effect FRES, however fund managers nearly always act after the fact and not before.

Comical sums it up perfectly. Fair value is hidden behind purely market related movements. The net result is glaringly obvious price / value miss matches where punters fear to tread. It happens both ways, just look at some of the ridiculous over valuations out there.

Economics are clearly on the long investors side. Shame some of the so called 'smart' traders are still banging the sell drum.

Ridiculous. I suppose he also thinks house prices are driven by housebuilders share prices.

There are countless examples in recent years of traders with access to vast sums who refused to take a small loss and instead continued to double down on their position, only stopped when the position becomes so big that risk belatedly step in and the losses realized. Given today's neutral RNS and the continued irrational movement of this share I can only assume that some over indulged trader is continuing to sell, regardless of the underlying financials. It's either that or they are privy to information no one else is.

https://www.solarpowerportal.co.uk/news/solar_smashes_peak_generation_records_as_it_soars_to_9.68gw

In the cast of schrodinger's cat, whether it is alive or dead can only be determined upon opening the box. The concept being that before you open the box the state of the cat can only be described as a probability. Continuing this onto warehouses, the contents of a warehouse can only be fully known once it is emptied, prior to that their is always the probability that the recorded contents and the actual contents differ.

Ever considered the concept of Schrodinger's warehouse?

When it comes to trading in financial instruments Enron was a window on how these guys behave. Don't expect them to fight fair. These guys can spend limitless amounts to defend their position over the short to medium term and can even get governments to change the rules if required. Personally I think there are huge market valuation mismatches going on at the moment, across all sectors, with some companies trading in stratospheric p/e ratios, and other covid hammered companies trading as if the last 16 months hadn't happened. Question is, when will this period of irrational valuations come to an end. Not soon given how willing governments are to print money at the moment. Moral hazard is rampant and the non thinking tracker fund is king.

@MaryBR, totally agree. Recent broker ratings on lse are 1000 and above, no short position visible on shorttracker.co.uk, silver prices holding around $25. With most of the FTSE so ridicously overvalued this is one of the few shares I am happy to hold at the moment.

Short tracker is OK for monitoring large shorts but is no good if a load of different MMs are all sitting on up to 0.49% short in order to keep off the radar. I too think FRES is well run, but imo I also think this share is being played just like the price of silver is played.