Member Info for Texasminer

If they are expecting a bid why feel the need to support the stock price at all?

It’s always been stated on here the current stock price will have no correlation to any bid…?

Have you considered that directors haven’t bought any more shares as perhaps they don’t consider it a great investment with their own money? Why buy when you can gift yourself them.

Seems like a board in panic to me, releasing old information which has had no effect on the SP but to send it lower. So if they are trying to support the SP then they need a different strategy.

Most likely outcome is a raise against existing holders in March.

Possible share price 6.5 in December, 20% “discount” from here?

It’s easy to catch a dip, if the last year is anything to go by, just wait a week and the SP will be lower. The problem is though if you wait another week it will be lower again, and so on.

When is a dip not a dip?

Pick any timescale you want, 5yr, 1yr, 6 months, it’s always lower..

Always amazed by how many people always seem to have an average price which is very close to the current price.

Many who were claiming it was a bargain in the 30s and 20s.

So either they failed to take 300% profit or they have ploughed in so much more on an ever decreasing stock, or the average they quote is something they wish they had rather than actual.

FOMO - The biggest wealth depreciator ever!

This is closely linked with being over invested in a single stock, and bottom feeding.

“The stock is too cheap, something has to change soon” mentality will usually cost you money.

They call it trying to catch a falling knife for a reason, you can get seriously hurt, and some end up bleeding out.

RK - The man who announces all his buys but never his sells. The man who not once has provided evidence of his holding, not once! Why not I wonder?

When something is only a matter time, you just sit and wait for that time to pass. You don’t give it any attention or effort because you realise there is no need.

If however you are not really convinced it’s only about time, if really you’re in a panic about your capital, you spend each day, sometime many times a day trying to convince yourself and others that it’s going to happen.

You look for any possible link to try and validate what you hope or quite often need to happen.

I would say of the 20 that have been in the data room probably max 2 or 3 are still there.

First bid would probably be about the $0.15, which is still a 60% premium. If somebody was a planning a higher bid they would be building a position at these prices.

Chances are though there is no bid coming or else the stock would be much higher.

Red is a pure fantasist, it’s really sad but BB’s attract people who live out their best lives on them.

Don’t believe a word he says, his holding will be at a much higher average but lower amount holding than he says.

The way he could gain some credibility is by posting a screenshot of his and his wife’s ( 26 year Swedish model, I’m sure) holdings.

He can’t have any objection to this as he talks it up so much, but I absolutely guarantee he won’t. This is one Solgold prediction that won’t be disputed.!

So, people are in a mess with this stock, first thing to do is, don’t keep throwing good money after bad. There are a world of stocks out there, each new dollar invested in a good stock is a chance to make new gains and put this one behind you. Realize that the pink page stocks don’t make you rich, they are for suckers.

And the next time somebody mentions 20 companies in the data room, ask them how many are still actually there? Why didn’t they like what they see, why haven’t they started buying at these prices.

You made a bad call with this one but don’t let it ruin you.

I am not saying sell up, hold and treat this as the outside gamble it has always been, but prepare yourself for more dilution in spring and spread your risk as much as possible in some non get rich quick stocks!

I repeat again, guys who are calm out their investments don’t post on BB’s about them, there is no need to, they are secure in the knowledge it will do what they expect.

People who post a lot are in panic…

Will pop back in if things start to look up and there is something positive to talk about but this could be going quite a bit lower yet.

Are there still 20 interested parties in the data room?

What have they been doing all this time, if they are still in there?

And why has none one of them decided to build a position at these suggested very low prices? Can anybody answer that?

Just because you want something or really need something to be true doesn’t make it so…

The most likely outcome for the foreseeable future is nothing at all happens, and while that clock ticks there is every chance other tier 1 deposits might get discovered, ones which are easier and cheaper to extract. Which means even less urgency to do anything with this one.

If the high teens or low 20s ever come around again, which is definitely no certainty, I would be counting that as a big win and one not to be ignored.

The record has been stuck for a long time, the chairs have been reducing significantly over the past 12 months, make sure you are not the one left without one if the music eventually stops.

Of course you did Red….

Like I said until you post an actual screenshot nobody believes you.

Also why feel the need to tell everyone when you have bought anyway? Nobody with any reasonable level of wealth does that..

Although it’s currently a loss on that fantasy stock purchase!

The S&P 500 has it’s best week since January but Solgold is where you put your fantasy trade ….seriously

Fort, the ease with which you just throw out statements like this…

“When this story looks odds on to end very soon with a transaction or deal of some sort. They may as well hang in there.”

So you are saying there is more than a 50% chance this will be sold very soon.

You may turn out turn out to be right but can you please explain how you are able to claim this, and what is the actual proof?

All I can see is the board are in very precarious position and the company will be running out of cash by mid next year, and probably the most worrying part is the fact nobody is building a larger position at these low levels.

But no sir from that you deduce it’s odds on there is a buyer or several.

Nobody on this BB has yet to show the compelling event that makes a sale imminent. All that is ever claimed is that it suits stock holders or the guys with options.

Nothing about the buyers other than complete speculation.

What has the market missed here other than a company that seems desperate to sell?

and red, apologies that it was a bit personal, but you post the most but many others are guilty of the same rampy bull****.

unfortunately lots of amateurs get sucked in and should be more careful with their green.

My point is Red anyone who was so confident wouldn’t feel the need to defend the share so much and so often.

If this is only 20% of your holding why does it take up 95% of all your posts? And 20% of your portfolio BTW is crazy, although I bet it’s a lot more.

You could easily argue my point about your holding and your average, as only you know the truth on that, but until you post an actual screenshot, I and many will believe I am closer to the truth.

The rest however you can’t really argue about, it’s exactly what has happened on this BB, and what continues to happen, and what is most likely to happen with this company and that is nothing for the foreseeable future.

There is absolutely no compelling event which suddenly makes this more likely to be sold if anything the chances have diminished considerably.

How many has Irvine dumped, anyone know? Do you believe him?

I genuinely wish everyone well with their investment. Dollars are hard earned and easily lost, my point is just to look past the FOMO and consider any further commitments of funds the same you would if you hadn’t already invested.

2/2

You can try and kid yourself that something else has to happen early next year but why does it, honestly it really doesn’t.

The most likely event will be no buyer turns up while borrowing costs are high, the company will need extra cash by end of Q1 and the story will continue and you get further diluted.

I say again, the most current likely outcome is that NOTHING HAPPENS!

And if it does sell years in the future it shouldn’t be life changing for anyone, it should be a nice pot of dollars and maybe a new Chevy but nobody should be risking more than a few percent of their portfolio on this… nobody sensible anyway.

The guys who post a lot on here have their whole pots invested in this because of FOMO, but FOMO makes most amateur investors significantly poorer, it’s a simple as that.

If you already have a holding and are down I wish you well but don’t put more good money after bad because of what these clowns say, invest in boring stocks that go up!

And if still you don’t listen to the sensible part of your brain and it’s too cheap to resist, if and when the shares you buy today get to 10% profit, sell them!

Need a life - one tip for you, you are is you’re not your.

1/2

This one has sucked a lot of people in over the years with the constant takeover story!

Most people started small but then many increased their holdings at the peaks because of FOMO, they got caught out, and then tried to average down to get themselves out of a hole.

You only have to read the board to realise how bad a stock this is.

Stupid people, talking up their holdings and then getting caught out as liars.

You kind of hope they are liars because anyone with a decent size holding is most definitely a sucker.

Red knight is one of the worst, the amount of buys he claimed to have made in the late teens and mid 20,s but miraculously has an average of 11 now..

I bet his total holding isn’t far off what he says (inflated by 30%) it’s just the fact it’s at twice the price he says it is, and until he posts a screen shot of his full holding you shouldn’t believe a word he says.

I am not sure if he is trying to convince himself or others, probably both, but ask yourself, if somebody is so sure about their investment why would they make over 100 posts a month about it! If you really were so confident you would just be getting on with your life safe in your choice and conviction.

But what really highlights the suckers, it’s people talking about life plans on the back of “this ship coming in”…

Imagine your future life plans being dependent on a bet like solgold…

It’s a bit embarrassing but to be honest more than anything it’s actually a bit sad.

Real wealth is typically built over long periods of time on sound boring investments not on get rich quick (or very slowly in this case) casino style punts! This stock is at best a punt, and at worse a wealth reducer in both capital and opportunity cost for that initial investment.

They will tell you there is a buyer imminent, they will tell you the share is being manipulated because of some master plan, but this master plan never materializes.

Then if the stock price goes up a little they will tell you this is the start of it, not long now, wouldn’t want to miss out, but when it goes down it’s all part of the master plan again.

They well tell you the SP doesn’t matter because it’s irrelevant when this gets bought but then in the next post hope for a penny rise by the end of the week.

This goes on, year after year! In the mean time sensible investors are taking 7% dividends and getting 5-10% compounded growth on real equites.

One day this might be sold, but ask yourself if it couldn’t be sold when money was cheap and the economy was strong why would it sell now when money is very expensive and the economy isn’t strong.

Fortismo will tell you the guys at the top have massive options so something must happen, but for every director who gets his ticket punched on a sale I can show you a thousand who it never happened for.

Others will talk of verified rumours, inside information etc.. and the next week the same posters who are