Member Info for zoros

Agree. This was labour voters making Labour pay for turning their back on them regarding leave. Couldn't have happened to a better party. Leftist, Marxist, nutters have finally been routed. Good riddance. Now down to business.

NM wil be forced to sell. 50p, that's all it's worth if there is no financial security behind this company.

While I accept the company is sitting on a very large asset and I also accept the end justifies the means....nothing can detract from the fact that NM is struggling to find hard cash to secure their future plans. The Nov 25th RNS stating that BHP has given them $20 million, shows how difficult it is to secure BIG bucks. BHP has merely prolonged their agony by approx 28 days!
From their last financial report in Sept:
" It should be noted that the current working capital levels will not be sufficient to bring the Group’s projects into full development and production and, in due course, further funding will be required."

"These conditions give rise to a material uncertainty which may cast significant doubt over the Group’s ability to continue asa going concern".

The above, together with their burn rate of $22/month in September and their savings of:
"As at 30 September 2019 the Group had US$16,506,686 in cash and cash equivalents and a net working capital surplus of US$17,293,619."

suggests they are running on fumes.....and hence the news blackout on anything substantive.

Times are hard lads.........money is no longer cheap. Why not watch the stock run down ...and then pick it up for a song? NM must be sweating.....

Snugtops - that report is 4.5 yrs old??

Has everyone realised that if the UK elects labour, the country will be led by Corbyn, McDonald and Diane Abbot.

Just think long and hard about that for a while?

WTF .......can anyone be serious about the 5th richest country being run by those three m*rons?

I like the vid that's going round showing Abbot being told by Corbyn that maths isn't her strong point so she may as well tell everyone that everything is free!
£500 billion pound spending spree during the course of the government?????
We'll be in debt for the rest of time!
God help the UK.

She may have jumped before the company laid her off. She may know something we don't???

Quali - could you translate your message for the normal folk on here, plz?

Another stunning one liner Cookie - we learn so much from you, my friend.

Bojo won't get his majority on Saturday. LLOY: 50p.
Extension granted. 53p
GE confirmed.
Lib Dems will win. 60p
Brexit cancelled. 75p

Off course he would say that wouldn't he.

3.8 mil shares on 30 june and now down to 2.5 mil. Was that to fund the gold plated zimmerman, KB?

https://www.dividendmax.com/united-kingdom/london-stock-exchange/banks/lloyds-banking-group/dividends

"capitol" ?????

Nice one Crazy........

So a no deal will see:
The EU putting up physical border checks in Eire.
The Good Friday agreement undermined.
Shortages of medicines/technological advances.
Queueing at all ports and borders.
Immediate cessation of all EU grant aid to the UK.
Selling parts of the NHS off to the Americans.
The removal of the "CE" stamp on all products (heh heh heh).
Massive (£100Bn plus) government loans....debt.
A shortage of zero hour migrants.

and all those number plates with "EU" on them - redundant!!!!

If we go out on a no deal - expect LLOY to hit 40 - 45p. Can't go much lower, the chinese will buy it!
If we strike a deal - we won't go out (heh heh heh). LLOY will recover overnight to 60p+

It's strange really - going out with a no deal puts lots of businesses and people into risk. Normally when this happens - banks dish out loans like sweets. So LLOY should prosper.
The alternative, I guess is that many out there won't be able to pay their bank loans /mortgages back and LLOY will take a massive hit. The latter must be uppermost in the MM's thinking, I guess.

$12 million dollars

Gilo.
The protestors don't care about knock on effects. They are revolting about the here and now and their pockets.
Petroecuador has stopped producing oil during this storm and it has cost them $12 dollars in 7 days!
Mines - what mines????
Trouble with a country like Ecuador is that rioting and unrest is a national sport. Three previous presidents have been ousted in the last few years because the public got pi**ed off about one thing or another.
Bad news - even if Moreno sorts this, there will be another problem not too far down the road. And for those companies that are looking at investing in SOLG..........would you (if you were an outsider)?
Good news - a new president is almost certain to be more corrupt and more....much more to the left than Moreno (who is a mild right winger). They will smile on anyone who invests big bucks in the country because they will pocket their 'take' in the process.
In conclusion............if Moreno stays....shareholders could be in for a very long wait for SOLG to make inroads for a loan with the giants. If Moreno goes....let's hope a lefty latino replacement will quell any uprisings quickly and firmly (shall we say) and allow johnny foreigner to mine that thar gold!
Either way Jose - add another year + to your calculations as to when you get remotely rich with this SP.

On the oter hand KB007, this could be another period of civil unrest that Ecuador is going through, one of dozens that occur on almost an annual basis.
The country is inept, underdeveloped and corrupt. Its time is not now.
Ask yourself this - why doesn't Ecuador have a sustainable mining infrastructure?
Presidents come and go and this current one may not survive the next election, which is not that far away. Chances are - the next one will be more corrupt. Some may say that international investment is better served looking elsewhere.
It's not a "blip" on SOLG's horizon - it's not about SOLG at all!!!

Novice - not really been away.
Everyone's gone quiet since the stock nose dived thru the summer. Goes to show the ****** spoken on here by the ostrich fraternity when the SP was edging ever upward!
As far as the CEO of SXX goes - he's obviously having a nervous breakdown and is blaming the alignment of the stars and chatrooms for his riches to rags journey. Feel sorry for him really. I bought in @ 21p and then sold months later @ 26p not because of any warning signals, just because I needed to spend the profit! At the time, I thought he was onto something but apparently, the market it seems...didn't. It doesn't help though - borrowing money at silly interest rates.......
Company will go under.........all because of chatroom chit chat...he says.

SXX - a massive fall from grace blamed, it seems on chatroom posters....by the CEO!
https://www.thetimes.co.uk/article/shareholder-chat-forums-should-be-shut-down-says-sirius-boss-chris-fraser-qh8q5zrkw

Is this why SOLG is doing the same perhaps?
Do forums like this carry any sway whatsoever - it seems so!