SolGold Share Chat (SOLG)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
SolGold	LSE:SOLG	London	Ordinary Share	GB00B0WD0R35	ORD 1P

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	+1.25p	+3.97%	32.75p	32.25p	33.50p	33.75p	32.00p	32.50p	4,375,247	16:35:05

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Mining	0.0	-4.9	-0.2	-	496.57

SolGold Share Discussion Threads

Showing 10976 to 10999 of 11000 messages

Chat Pages: 440 439 438 437 436 435 434 433 432 431 430 429 Older

Date	Subject	Author	Discuss
22/9/2017 19:14	It's been nice talking to you this week. I'm in the middle of a house move aiming to cross get to the other side of the country. It's been going on for months and months and nothing has gone straightforwardly. A lot of the time it's like we are having to be our own solicitor and agent and everybody else's too. Today it's been about setting a completion date and even that isn't going easily and hasn't been decided. Chatting to you and thinking about SOLG and CGP has been a nice distraction as things have got even more hectic and frustrating this week. Have a nice weekend.	bookvan	Read Full Thread Reply
22/9/2017 16:45	DELETED THIS POST. It was a load of rubbish. Had a hard day and head is all over the place.	bookvan	Read Full Thread Reply
22/9/2017 13:17	bookvan, sometimes one "see's it", but the market is not reacting so you think you must be wrong! It can be that lack of confidence in one's own observations, that can be as damaging as not being an insider. My worst "in front of my face" error was in not ditching Monitise the moment I worked out that their so called transaction counter on their USA facing web page, was in fact a fabrication. It racked up so called transactions at an unchanging 180,000 an hour regardless, 24hrs a day. Somehow I convinced myself I was wrong to be suspicious!! Well that turned out to be very stupid and expensive. This is a very different kettle of fish thank goodness, though I notice I have now talked myself into believing that CGP want to mine Cascabel, and have separated Cascabel from their prospecting business for that purpose, realising that within about three years Cascabel could be generating large and growing profits, that will make todays share price look insignificant. Naturally I simply don't know, but I guess it's what I would want if I had a big slice of a potentially huge mine and it's income flow. Would I sell the farm and then wonder what to do with the cash, or would I start digging up the ground for a crop that could buy the farm over again after a couple of years? I'd stick around and start farming. No doubt we shall find out what CGP actually want before Christmas.	lefrene	Read Full Thread Reply
22/9/2017 12:47	Your post 10940 says it for me too, lefrene. If I decide to hold it usually turns out to be the wrong thing to do and if I decide to sell it turns out to have been a mistake. That comment about hanging on too long because you think you know something: that's so true. Sometimes it's in front of your face and you still don't see it. Maybe the thing is all of us see what we want to see. That does look like a SOLG break out - it looked a bit weak the last couple of days but much stronger this morning. Good luck with it. I hope CGP sees some of the benefit from it.	bookvan	Read Full Thread Reply
22/9/2017 11:47	This begins to look like a 'break out', so who has heard what? I don't believe these price movements come from nowhere? I doubt many would short this, so it presumably can't be short closing? Two weeks until this moves to the main market, not that I any longer expect that move to make a difference to market value.	lefrene	Read Full Thread Reply
22/9/2017 10:50	I'm neither for or against bookvan, perhaps a bit like astrology, there seems more than a grain of truth in it. Certainly following a chart discipline I believe one is less likely to delude oneself that one knows something, and thus may lose out on rises but less likely to lose money on falls. I find my biggest traps are when I 'think' I know something and hang on too long because I 'think' the market has got it wrong. Well most times under that illusion I have paid a heavy price for being 'clever'. I guess Solg would be a classic case for a chartist to have done better than the buy and holds, getting out at circa 45p and perhaps buying back in now that we seem to have a classic reversal. But as in all these situations there is the unknown of the company uncovering further riches, or being bought out, and I suppose it is chasing that 'greed' that lures oneself into traps, since the private investor is just about always in the dark as to what is really happening inside a business.	lefrene	Read Full Thread Reply
22/9/2017 10:23	Are you a chartist yourself, lefrene?	bookvan	Read Full Thread Reply
22/9/2017 09:58	Two 1 trades today. Soon find out if old adage is true. Couldn't resist another top up.	mam fach	Read Full Thread Reply
22/9/2017 09:50	Looks like 29/30p is bottom. Roll on more stability as we exit AIM.	mam fach	Read Full Thread Reply
22/9/2017 09:17	I believe Solg was also 'just' a prospector, but the richness and size of Cascabel plainly has NM considering also becoming a miner. Cornerstone seeing the richness of Cascabel and owning 8 tenements around it might also want to morph into a miner? Well something has lifted the price this morning, the chartist though will be sucking on their teeth looking at that 'gap'.	lefrene	Read Full Thread Reply
22/9/2017 08:46	Cornerstone always calls itself a prospect generator and intends to carry on after all this as 'Cornerstone Exploration'. That would seem to imply it plans to come out of this one way or another with enough cash from somebody to develop its other properties.	bookvan	Read Full Thread Reply
21/9/2017 23:21	Thank you for putting those links up bookvan, interesting to listen to them again. I have gone from assuming Cornerstone wanted to sell to the highest bidder, to wondering if what they want is an 'in' to a joint venture? They have 8 tenements around Cascabel, if they were in on a JV for Cascabel they might be able to ride upon the infrastructure that will have to be created to mine Alpala. So what does Cornerstone really want, a subsidised ride for the other properties via a JV, or a sale to another interested party? Perhaps there is a bit of blackmail going on, do what I want or I sell to the big bad wolf?	lefrene	Read Full Thread Reply
21/9/2017 14:26	Lefrene - when you look at the figure it's not just the back door to SolGold it's the whole kitchen. It seems to me that SolGold can't just ignore it as if it's too small to matter and let Cornerstone sell it to the highest bidder. The time limit for the Guyana shares lock in agreement was August 28. There's been no notification that it's been extended or closed but I'm not sure there needs to be. It could be it has already served its purpose. In other words, I think you're right about an interested party in the wings or it's already been decided between SolGold and Cornerstone. Newcrest can't take 11% plus 7% SolGold shares on top of their existing 14% without reaching 30% and being obliged by London rules to put a bid to shareholders: hxxp://www.thetakeoverpanel.org.uk/the-code/download-code And the recent BRR interview doesn't sound at all like a man who thinks SolGold is going to be taken over before all his recruitment and expansion plans come to fruition: https://www.brrmedia.co.uk/broadcasts/59ba71276e25824f45f17730/solgold-full-year-results-2017 If this interview with the CEO from March this year is anything to go by Cornerstone is already getting offers. I haven't watched it for a while but if memory serves he is asked about it quite near the end: hxxp://www.bnn.ca/video/junior-mineral-explorer-gets-deeper-pockets~1072545 Just checked it. It's at 3 minutes 20.	bookvan	Read Full Thread Reply
21/9/2017 10:58	I think your numbers stack up bookvan, I hadn't realised that Cornerstone had control of such a sizeable holding. A predator who takes that as one lump would be in a very strong position to make a cheeky bid. Small wonder then the scramble to get a maiden resource statement done. Doesn't that tie in with Guyana end on 6th Nov? Although it could easily be extended though. Given this activity by Cornerstone I presume they already have an interested party in the wings? If Cornerstone wants a full price for their holding they will want to see that resource statement before accepting offers. I doubt they are in any particular hurry, it's not a fire sale.	lefrene	Read Full Thread Reply
21/9/2017 10:09	This is a response to an interesting post by ajinbali on the LSE board at 8.37 this morning especially his point 1 which asks 'does that reduce 25.5% by 11%?' His post got me wondering about the total effective size of Cornerstone's interest so I had a go at it myself. Using his figures and others from memory to work it out this is what I come to: ADD Cornerstone's own interest in Cascabel = 15% ADD Cornerstone's 11.23% of SolGold's 85% of Cascabel = 9.55% ADD Guyana's 7% of SolGold's 85% 'locked in' with above = 5.05% Gives a total of 29.6% Cornerstone's interest in Cascabel SUBTRACT SolGold's 11% of Cornerstone's 15% = 1.65% Gives a total of 27.95% Cornerstone's interest in Cascabel.	bookvan	Read Full Thread Reply
21/9/2017 09:16	I think u still have time lefrene ... not a particularly strong bounce	onedayrodders	Read Full Thread Reply
21/9/2017 08:52	Yes, but if only we really knew something! :¬) Rather looks like my cash will arrive too late to pick up more on the cheap.	lefrene	Read Full Thread Reply
20/9/2017 12:11	Interesting posts lefrene and bookvan - great to see insightful, healthy debates. Exactly how bulletin boards should be used	sthelensrlfc	Read Full Thread Reply
20/9/2017 08:29	Markth126 It's CGP:TSXV. That is, CGP on the Toronto Venture Exchange. Here's a link that might be helpful: hxxp://www.hl.co.uk/shares/shares-search-results/c/cornerstone-capital-resources-inc-com-npv	bookvan	Read Full Thread Reply
20/9/2017 08:25	Can't post for long today - I've already used up a year's worth and have to go out this morning. Please excuse me if I answer briefly. Lefrene - you are right. Trying to sell Cornerstone at the high and catch SolGold at the low is almost certainly trying to be too clever if it's not SolGold making the offer. If A N Other puts in an offer for Cornerstone then SolGold will be perceived as a potential target and rise in anticipation but - this is what I think - not so far and not so quickly. On the day a bid comes in for Cornerstone the price should be marked up before opening to the offer price. SolGold shouldn't be marked up automatically in the same way but attract a lot of buying interest through association. Somebody would have to be very fast to catch the high in Cornerstone and the low in SolGold and I don't think it's the right thing to even try. For one thing, a bidding war could start for Cornerstone. There should be plenty of time - days or even weeks - to pick a good moment. Of course, if it's SolGold that makes the offer - please - working out the best timing should be more straightforward. I'll try to sell Cornerstone shares and buy SolGold before the deal closes in the same way as selling Mariana to buy Sandstone when that happened. Selling Cornerstone at the high and trying to catch SolGold at the low wasn't the first thing or most important thing on my mind. The main point about the idea was to try to get the order of the takeovers right and try to benefit from one or both. Cornerstone should be the first because it's put itself up for sale. Then put the money into SolGold either because what happens at Cornerstone could make it next in line or as a long term investment like I was hoping it was going to be before. Actually, that's not brief at all. That's why I don't post all the time.	bookvan	Read Full Thread Reply
19/9/2017 22:56	What is the ticker for cornerstone?	markth126	Read Full Thread Reply
19/9/2017 21:15	bookvan, I guessed that that was your intended strategy, it works so long as Solg is the buyer, however if Newcrest or A N Other turns out to be the buyer then, presumably Solg will get a boost? I understand your rationale but personally I feel that Solg needs all it's cash to pursue a massive drilling programme, not only at Cascabel, but also all those new tenements they have lined up. Cascabel whilst huge is just one part of what could be a spectacular series of resources. Solg has developed new technologies for prospecting that will save a great deal of time and greatly reduce the incidence of fruitless drilling. Still early days, I wish I was a decade younger! My take is the sequence needs to be.......prove up Alpala and start looking for financiers and a miner, which would seem to be Newcrest for Alpala, whilst carrying on with the feasibility study..........Sell Alpala to the miner for a great deal of money..........Use that money to crank up activity at a number of the other sites..........Hopefully by then have enough dosh to mine in their own right if they want to.	lefrene	Read Full Thread Reply
19/9/2017 20:23	bookvan ... you should post on there .. healthy debate	onedayrodders	Read Full Thread Reply
19/9/2017 17:52	Thanks, lefrene. I don't know if it's going to work or not but I have looked at it from as many angles as I can think of and so far nothing posted on LSE has pulled the rug out from under my feet. The only thing that has taken me by complete surprise is I have been taking it for granted that this is by far the most important issue and the implications were obvious to everybody. I have even been wondering why nobody ever discusses it - Cornerstone hardly gets a mention - but it seems to have come as quite a new line of discussion to some posters. So a big thanks to you and odr for bothering to give it some thought. The other thing I forgot to say is that I am hoping to do the double. What I mean is if an offer comes in for Cornerstone's interest - and especially if it's from SolGold - the idea is to sell Cornerstone when it's gone up and buy back into SolGold when it's still low. This is known as counting chickens before they're hatched.	bookvan	Read Full Thread Reply

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