Solgold Share Discussion Threads

[lowtrawler] 24/9/2020 09:29

Calling a bottom is never easy. Just a case of sitting it out. Step away from the screen and don't be tempted to do anything rash.

[lefrene] 24/9/2020 09:28

Gold, they don't make it any more. Mind you this is the BBC................ South America doesn't get a mention!

[mknight] 24/9/2020 08:46

Good morning another down day i see . I guess tomorrow we will start to pull back the huge fall of this week .

[gisjob2] 23/9/2020 17:44

There's some really desperate shorters about these days !

[johncasey] 23/9/2020 17:17

price going down..dont forget its an earthquake prone region too

[charlieeee] 23/9/2020 17:02

Well, I am not sure that CGP shareholders are in the most secure position.

I am assuming there will be a takeout of Solg, either by changing the board at the proposed EGM so that a bid gets recommended or hostile, by stake building to get control of the share register and achieve the same end and CGP will assist in that process.

What guarantee is there that the major who succeeds will reward that support? Regardless of the ENSA provisions and availability of security, who will fund a minority shareholding, where the major can crank up capital expenditure as much as they please and block all distributions for as long as they choose? Any major will see that CGP 15% as a gift.

I see CGP as greedy (they want a double premium) and disingenuous. Their interests were best served by joining forces with Solg and assisting NM to get one decent premium.

[mknight] 23/9/2020 16:00

Lowtrawler

I agree and thats why i am pretty sure NM will come up with the goods and an on time PFS .

[lowtrawler] 23/9/2020 15:26

Mk, behind the scenes, there will be a lot of activity trying to muster votes for the requisitioned meeting. Any strength in CGP shares would indicate them winning. In reality, it will all hinge on BHP. If CGP fail to get sufficient votes, their survival will depend on a successful SOLG bid.

[mknight] 23/9/2020 14:54

Cornerstone not hanging around up 8.3%

Someone got it wrong ?

[mknight] 23/9/2020 14:31

Why would anyone want to sell the share today when within 10 days we could be 40p plus . Nothing for sure of course .

[lefrene] 23/9/2020 13:11

It's the equivalent of being in Falmouth, with a volcano in Ipswich, and a light wind blowing the ash away from Falmouth. Agriculture in the area nearby and downwind of the event are plainly going to have serious problems, but in no way are any of Solg's sites going to be affected.

[swanvesta] 23/9/2020 12:48

Not sure how much a bit of ash would affect a mining project? Usually a fair bit of dust about I think. It seems agricultural crops can suffer a lot, and livestock grazing.

[lefrene] 23/9/2020 11:44

The Global Wind Map, indicates that average wind speeds in the area of the volcano are under 2.5 metres per sec, and blow in a NE direction. ie, low wind speeds away from Cascabel that is well over 200 miles away! Any meaningful ash content would drop out within a few miles, but is heading away from Cascabel anyway. Best close that short?

[greenelf] 23/9/2020 10:40

Very confused individual..

[johncasey] 23/9/2020 10:24

yeah but thats lees than 200 miles away...dont forget the down wind..remember iceland volcano?

[lefrene] 23/9/2020 10:12

Looks like it is at least 300kms away. Short are we?

[greenelf] 23/9/2020 10:00

Buy an atlas dummy..

[johncasey] 23/9/2020 09:39

hxxps://electroverse.net/sangay-volcano-erupts-to-40000-ft-12-2-km/

[johncasey] 23/9/2020 09:38

id get out of this share..its finished...Sangay volcano has erupted...no future here except death and destruction

[mknight] 23/9/2020 09:33

The next 10 days may see us rerate .

Loads of news coming .

[greenelf] 23/9/2020 09:12

NM is doing all the right things. The market will be dragged along by upcoming events.