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Gold has broken out...
Silver has broken out...
Copper has broken out...
And Junior Miners will break out when US markets open...
GDXJ pre market already well up...
All as predicted on here...SOLG next unless the Board is voted out...
Red, you are missing my point.
My response was to the folks who said that if BHP took over we would be sold for peanuts.
What is peanuts when we fell from 40p to 7p?
If BHP takes over, the worst that could happen is the SP falling from 8p to 0p which to my mind is not as bad as the SP falling from 40p to 7p. So what is peanuts when we are already at 8p?
Furthermore Red, are you saying that you would be happy to invest into a company where the ceo doesn't care about the SP because the SP is irrelevant?
Unlike you and TI, I don't go around wi-lly waving about the size of my share holding. My vote will count, and so will the vote of every shareholder. Otherwise, you would not be trying so hard to persuade us to vote for Scott.
Eloro, you keep repeating this (nonsense) mantra that the SP falling from 8p to 0p is not as bad as the fall from 40p to 8p. The fall from 40p to 8p has been tough to stomach, but the price can always recover. You do realise that at 0p the game is over, and that we have no chance of recovering our investment?
Of course SM I know that 0p means game over. My point is I am not afraid if the SP falls to 0p and I lose my money. The pain was already caused when the SP fell from 40p to 7p. Of course I want the SP to recover. But I am not going to allow the fear of peanuts, or the SP falling from where it is now, determine how I vote.
Folks can't have it both ways. One minute the SP doesn't matter, next if you don't vote for Scott the SP will be peanuts. I am curious what peanut is when we are at 8 to 9p?
Eloro - I think you make some valid points. Particularly not having fear to vote for change given the fall from 40p.
However, a 100% gain from 9p to 18p would surely offset a 80% loss from 40p to 8p? Appreciating of course PIs may have their investment committed and no spare cash.
Ignore the redknight rambles. He changes his position weekly. Always in the interest of his book.
He’s just trying to trade his way back up from the embarrassing little put put back to a merc
Fwiw, I don't think any of the big boys are going to vote against the board. They have a lot more patience than we do.
Rednight, I think you quite rightly say that us PI's won't be able to affect any vote.
In which case, it's not going to be a problem if some of us express our disapproval of what's gone on here, is it?
I'm with Fort here, I've said I don't see a sale coming for a long time, which in effect means yet another year of nothing happening.
And I strongly agree with Eloro. If you think a board should be voted down, you should go with that belief. My average here is sub 11p, so it doesn't affect me, but if I'd bought at nearer 40p, I wouldn't be overly worried about losing the last few bob either.
But then, us PI's don't hold the key to any vote, anyway.
Excellent points Guys.
If our vote doesn't carry any weight, then it won't matter how we vote. Excellent point Anon3.
Clearly, NM felt that our vote counted, otherwise he would not have sent emails, letters asking for our vote.
Nobody said people shouldn't be true to themselves ans to vote against the board if that's how they see it?
You absolutely should follow your beliefs in your actions.
However, it's also totally realistic to have those beliefs questioned, particularly when they are blatantly wrong as they are on this occasion.
We can all try and put a date on a potential sale or monetisation event but none of us know. Those of us favouring Q2 or Q3 2024 are basing this on the outcome of the strategic review and allowing enough time for data room incumbents to review a phased PFS. It also takes into account where the treasury shares may be placed.
On the other hand, what is the logic for nothing whatsoever happening in 2024? Be pleased to hear it.
If you're voting against Scott in 3 weeks time it's because you
A) want to cause disruption
B) haven't been paying attention for the last 12 months
C) believe that the corporate initiatives taking place are completely worthless to the company and it's shareholders
D) a combination of the above.
Where is thge evidence that the CEO doesn't care about the SP...?
Please tell me what he could do to get it up, beyond buying 790,000 shares at an average of 11.5p to arrest the fall after Beery Street had hammered the share price.
So please Eloro...based on your consummate Corporate Finance experience and as a mining CEO, share with us precisely what you would have done to get the share price up,.
I bought hundreds of thousandsa at c9p+...
Please stop whingeing just because you've lost a packet through benign neglect having bought higher than this.
So I repeat...tell us precisely what you would have done to arrest the share price slide...
So basically you're saying your vote doesn't count so you'll vote against Scott.
I tell you...if I read more and more people saying they will vote against Scott, I'm going toi start selling shares, because I don't want to be holding if you lot cumulatively ditch a CEO who is getting a below market salary and has moved to Ecuador to creat a sale that will make us money.
Because if enough of you prove the catalyst that swings 51% to 49%, watch the share price fall then...
And do you rhink your negative thoughts and constant baseless criticism helps the sentiment on here for the many investors who are patiently waiting for their final payday?
You can only be true to yourself if you actually sell the shares as a protest...if enough people vote out the Board your fear of a falling SP could become a self fulfilling prophesy.
Please post here a rational, logical reason for voting against Scott, other than "because the SP isn't going up".
Thats not rational.
Tell us precisely what you think he should do and then we'll compare it with what he is actually doing, such as cutting the cashflow haemorhage by $34 million a year...
"Fwiw, I don't think any of the big boys are going to vote against the board. They have a lot more patience than we do. "
You said it anon...
And why do you think they have more patience than Eloro, who's just whingeing because of his self imposed losses.
He says Scott should do more and questions the strategy, but his own strategy has demonstrably been benign neglect...
Imagine where we would be if Scott ran the company like that...
Red, you are the one who said that its only the big boys vote that counts. I believe my vote counts and I don't need to brag and boast about how many shares myself and my wife owns.
I am beginning to understand now why so many posters dislike you both here and on the next BB Red. Arrogant, condescending, boastful and a poster who thinks only his views matters and that you are a genius and everyone else are simpletons. No matter how you try to demean me to make yourself look more puffed up than you already are, I will vote my shares how I see fit and not because of anything which you have to say.
Bozi. You say what is the logic for nothing happening in 2024. Are you delusional.
There's every chance of nothing happening in 2024.
I suggest you. Smell the coffee.
Were in mothballs
We've no money,
And nobody appears to want to buy us.
In my book, that equates to nothing happening.
Unless Ecuador lose patience with us.
Please don't tell me what you think will happen next year I've heard it a million times.
In fact I heard it in 2018, 2019, 2020, 2021, 2022 and 2023.
Delusional, in over your neck, can't face the truth,
Argue with every fact based negative,
And unbelievably voting for more of the same
Eloro, good to see you taking my advice, ref redknight. And have stopped thinking of him as another irwin. It took you a while.
But we will put that down to you only being on the first chapter of investing for schoolboys.
None the less it's a start, we'll done
Bozi, I don't know how you can be 100% certain that people like me are blatantly wrong?
No one knows exactly what is going on in the background for certain. You are making deductions based on available information. Equally, folks can arrive at different conclusions than yourself from their review of the same available information. Only time will tell who is right and who is wrong.
I will finish by saying that no one on this BB saw the merger coming and posted about it before it happened. No one knew that BSC were about to sell their position before it happened. No one knew that the SP would fall from 40p to 7p and posted about it before that happened. We are all left to guess, with egos like Red making out that he knew everything before they happened.
Eloro...I might be less dismissive if you answered the rational questions I have asked you.
To vote against Scott you need to have a rational reasoned argument.
You have criticised him but you haven't once stated whaty you would do instead?
My posts may sound arrogant, but only because sometimes I do know what I'm talking about...and I do far more research than you clearly do and I am far more active in managing my shareholding than you are.
I twice sold out entirely at 35/40p and made enough money to buy 2 AMGs and to hold the substantial positions we now hold.
And I DO care that the price should not fall further.
This is a very thin market and if yours and others constant negative sentiment gets through to some holders on here they might just sell out, pushing the SP even lower...
The price was buoyant an hour into trading and after that, 127 trades averaging £1k each pushed it down 8%...
Thats the sort of effect negative sentiment can have in a thin market...
From Mr redknight:
"I bought hundreds of thousands at c9p+..."
Yes, by selling out higher and then buying back lower. That's not really 'support' for the share price.
"Please stop whingeing just because you've lost a packet through benign neglect having bought higher than this."
So the opposite of "benign neglect" is Mr redknight's averaging down whilst simulataneously ramping the share.
"egos like Red making out that he knew everything before they happened."
Show me one post that justifies that remark Eloro.
To repeat. I watch, research and make decisions on SOLG virtually every day. Just recently it was to buy hundreds of thousands more at c9p+ and since then to hold...
To repeat...I have twice doubled our money; in May I sold out all except 200k. Since then I've built us back up to 1.4 million at an average of just over 11p...
Thats active management versus your own benign negkect and then blaming the CEO because you've lost money watching the SP fall...
Given the criticisms you have levelled back over a year, WHY OH WHY didn't you sell months ago...?
I may lighten the load before the AGM, but NOT because of Scott...more likely because of all the dismall jimmies that might collectively tip the balance and vote him out...
Eloro - because I strongly believe that is only one viable reading of the current circumstances and events.
I believe the other reading is completely unreasonable and lacks any significant basis, hence me setting out some thoughts yesterday.
Your analysis of 40p-7p is carried out without any level of peer comparison which detracts from your argument.
I feel so strongly about this because I believe SolGold is now reaching the end of the road and we simply cannot have PIs voting for more disruption, more turmoil and more strife just because it makes them feel better.
Lol my posts might sound arrogant…….
“My posts may sound arrogant, but only because sometimes I do know what I'm talking about...and I do far more research than you clearly do and I am far more active in managing my shareholding than you are.
I twice sold out entirely at 35/40p and made enough money to buy 2 AMGs and to hold the substantial positions we now hold.”
Course you did clown 🤡
Haven’t read any posts since dinner with Qalibashi last Wednesday and it’s pretty refreshing.
However have just had a Quick Look and who should pop up but the most odious, arrogant, narcissistic poster on here…..
Still boasting his 🐂 💩
I don’t think anyone who thinks that a £100k shareholding is substantial and boasting about it is actually doing that well.
I suspect some on here pay that in school fees every year
The temper obviously thinks he is a success at everything he touches, I suspect most in here just think he is a kn.ob
Totally agree Bozi...
And given that Berry Street accounted for the fall from 14p+ to under 8p, the whole of this can be laid firmly at Darryls door not Scotts.
If anhything Scott has stabiloised the price, including throwing his own cash at it.
Points taken Bozi. You are right, I did not carry out a peer review, comparison. I guess that my only focus is solg, and I am holding come what may. Plus, I have a day job and young kids, so I cannot dedicate as much time to research as I did when I bought solg in the first place. I am not worried. Short of a nationalisation, we have the asset and it will be sold or disposed of one way or the other.
I will no longer interact with the GFD, CEO, braggart about how I will vote my solg shares.
There is a verse I try to live by(KJV):
"He that humbleth himself shall be exalted. He that exalteth himself shall be abase (made low)."
The GFD, CEO, CCD, BBC, ITV would do well to remember the virtue of being humble. Got an appointment now.
Redknight ‘ If anhything Scott has stabiloised the price’ ….. brilliant stuff