Solgold Share Discussion Threads

[jlondon] 28/9/2016 15:39

"Why I*m buying into Solgold*s spectacular ascent."- Master Investors, 23 hrs ago.

Highlights: "TSX-intense interest from North American investors. For them, a rising content of gold at Cascabel [about half the resource by value] will be the icing on the cake. But no one could tell whether it was Newcrest protecting its position or superior investment proposal-perhaps from another mining industry player...we can surmise that one of Maxit*s clients who were approached to support a further funding at the doubled share price was buying before hand-in order words on inside information. Solgold is rapidly drawing in more and more interest. It is "in play" in an industry which, although copper is at a 10 year low, is looking to fill the gap in copper supply looming in 5-10 years time-just when Cascabel could be coming into production-more investors believe has nowhere to go but up."

Link: hxxps://masterinvestor.co.uk/commodities/im-buying-solgolds-spectacular-ascent/ If the link does not work, please Google the title above. J London [pls check as there can be typo errors]

[edwh] 28/9/2016 13:21

need to do it today !!!!!!

[sorrento06] 28/9/2016 13:00

I have 10k coming back from HK tomorrow, I'll think I'll do a top up!

[lefrene] 28/9/2016 12:54

Those clever MM's!, mark it up in the morning, sell a load of stock, pull the rug and rattle the stock back out to hand over to those who bought first thing.

Bound to be a bit of consolidation having come so far so quickly. Going to be a few weeks before those drills get working to prove up the hoped for shallow deposits.

[mam fach] 28/9/2016 11:00

This is the dilema. But what a pleasant one. To sell or hold on. Sold some years ago only to see price fall back. Too scared to sell. Think I have to be brave and hang on. It looks like things are finally coming together and we are about to be rewarded for our faith.

[mam fach] 28/9/2016 10:48

This is the dilema. But what a pleasant one. To sell or hold on. Sold some years ago only to see price fall back. Too scared to sell. Think I have to be brave and hang on. It looks like things are finally coming together and we are about to be rewarded for our faith.

[wisteria2] 28/9/2016 08:47

Morning lucky ones! 30p in no time!!! who knows but somebody keeps buying!! GLA HOLDERS

[edwh] 28/9/2016 08:30

Still to scared to sell but could do with the dosh!!!!!

[cuthbert cuthbertson senior] 28/9/2016 08:14

Like I said earlier this week today we see 20p but how much further? could be quiet a bit f

[jamdan1] 28/9/2016 07:39

Some late trades have appeared. A million buy at 18.3?

[chavitravi2] 27/9/2016 17:08

18.20p paid for 200k on the bell. Reckon it will go up again tomorrow.

[brahmsnliszt] 27/9/2016 17:04

Decent volume today. Nice indicator that I find. Large volume on a rally. Although I did top slice a little above 18 today from recent top ups.

[sorrento06] 27/9/2016 13:23

Why sell your shares so cheap when this is finally going to pay off. Ppl DYOR!

[smoothtrader] 27/9/2016 13:14

Ure right..as soon as a there is a flux of sellers...someone just keeps moping them up

[sorrento06] 27/9/2016 12:47

Look at all those sells and the price isn't dropping. Someone is buying big!

[smoothtrader] 27/9/2016 12:44

Lef. So agree with your post. Ure right about interest...if NewCrest pays double that says it all.What ever happens...we'll all have a huge smile on our faces. Assuming one holds on.

[lefrene] 27/9/2016 12:34

wisteria2, to be frank I have little idea as to what Solg is truly worth, other than it seems to be a huge resource in a country with reasonable infrastructure and a government minded to encourage miners.

A huge mining house (Newcrest) who know their game, have just paid double what they wanted to pay a few weeks ago, so there must be more than one interested party out there.

In the end it will be a mining business, cost of extraction/processing/shipping against the market price of the metals extracted. A simple costs versus selling price of finished product, like any other manufacturer. Getting the raw material at the right price is crucial in the balance. All that Solg has is the raw material, although a feasibility study will help to identify the real value of that raw material.

If the resource is truly huge, perhaps 30 years worth or more, we might see a contest to bid for it, on the basis that over time, real useful things tend to rise against fiat currencies. Buy it now to lock in your future advantage.

Whatever happens I'm just going to wait it out, whether it becomes a target for a big buyer, or whether they do a partnership deal.

[sorrento06] 27/9/2016 12:33

£1 a share, they better be quick!

[wisteria2] 27/9/2016 12:16

Lefrene, would be nice 2 and a half quid a share!...my guess will be sold to a miner for a £1.00 a share. GLA HOLDERS exciting times for gold stocks.

[yufff] 27/9/2016 11:59

AP Findlay

If you have level 2 which I do you can see it's the MM's who are looking for stock moving around on any sized trade

IMO they are unsure which price to market the stock at

So what if there are sellers

The next few pieces of news will lift the stock higher and a rerate is on the cards

Whatever your game good luck

[wirraltrader] 27/9/2016 11:41

Are the black trades buys or sells?

[sorrento06] 27/9/2016 11:02

Regretfully sellers'An investor who sells into the rise and attempt to belittle remaining holders to justify their decision after the stock continues to rise'

[lefrene] 27/9/2016 11:01

apfindley, I agree it does happen, but of course there are also those out to talk prices down for their very same masters. In the case of Solg there is plenty of evidence to underwrite resource values, and plenty of evidence of the interest of major mining houses, eg the uplift from 8c to 16c paid by Newcrest for their holding as they pay in £millions (real money) to fund on going exploration.

[wirraltrader] 27/9/2016 11:00

Is it wise topping up at this price ?

[smoothtrader] 27/9/2016 10:52

Someone knows somethings we don't. I'm liking the ride tho