Re: Im in someone else was surprised i averaged down !!!!
Re: Im in Im surprised why anyone would sell at this level
Re: Im in Just sold the first lot for @ 51 pShould of kept averaging down when i had chance.
nunberbiter We will see of course.What is your position here ?
Re: Im in I presume you spent £1,000 at 9-03am buying 2,439 shares. Unfortunately, the strategy of averaging down rarely pays dividends. It will not be long before the price is in the high 30's.
Re: Im in Topped up @ 41p showed as sell .. was best price for day around 9am.
Re: Recent fall Re: Now, if a company issued a prospectus saying it has a gold mine that it expected to be fully operational in five years time, would be able to produce a hundred thousand ounces of pure gold per year, for a cost of $700 per ounce, with minimal overheads, I still wouldn't invest because I don't speculate. I would wait until I knew the current selling price and current costs.--------What if they had a gold mine fully operational in 5 months (not 5 years), producing 132,000 ounces p/a (not 100,000), at a cost below your $700/oz? Ladies and gentlemen, I give you Hummingbird Resources.
Re: Im in Today there are far more 'sells' at 43.5p than 'buys' at 44p. Expect further downward movement in the near future.
Re: Recent fall Well look at SOLG they are worth nearly £900m on promises 4p to 43p in a yearyour point is what?
Re: Recent fall I would pay $1,200' for an ounce of pure gold, if I were a gold dealer, which I am not. Now, if a company issued a prospectus saying it has a gold mine that it expected to be fully operational in five years time, would be able to produce a hundred thousand ounces of pure gold per year, for a cost of $700 per ounce, with minimal overheads, I still wouldn't invest because I don't speculate. I would wait until I knew the current selling price and current costs.
Re: Im in Yep I'm back in as well look way oversold
Re: Im in I'm in today @ 44p .. i had limit yesterday expire @ 43.5 p distracted this morning and went through ( D ) wile adjusting down . As happened last week with amc !!
Re: Recent fall Whats your valuation for sol gold?
Re: Recent fall I think you are wasting your time waiting for the accounts we all know there will be zero revenue and lots of costs - they won't give you any steer. Revenue is still 2 years away as the mine development continues
Re: Recent fall I first recommended a strong sell when the price was 55p. Since then the share has fallen 20% to the current 44p. The last time I looked at the accounts I did indeed value the company at 5p per share, which was why I would not even think about investing at 55p, or indeed 44p.So I won't invest in these shares, but the 5p valuation is not set in stone. When the next set of accounts come out, I will come up with a new figure. The point I am continuously making is that until the company proves it can make a profit and generate cash those shouting 'I'm In' are merely speculating in hope rather than judgement,