Solgold Share Discussion Threads

[hazl] 27/2/2017 14:43

We can hardly complain about the tiniest blip in the share-price,this has been storming ahead for some time!
We know why as well!
I think the general market is full of uncertainty though at present and Trump speaks tomorrow which will either send the markets roaring up ....or back so we will have to see.
IMO

[lefrene] 27/2/2017 14:02

I guess the price is going to drift, the maiden resource statement won't be out for many months, the nearer term event hopefully will be a TSX listing. In the meantime metal prices seem to be on a gentle increase and copper likely to increase substantially if the pundits are correct. So holders can warm their toes on the thought of Alpala possibly being in excess of 1 billion tons, which at a supposed consolidated value of 2% equals 4.4lbs at circa $2.60 a lb equals $11.44 a tonne. It also being thought that Cascabel might have 10 sites of this magnitude, then it's a case of waiting however long it takes for a miner to decide that they really must have such a substantial resource. Any offers on $2 billion for Cascabel?

[mam fach] 27/2/2017 11:57

For some reason even good news doesn't lift share price.
Don't think I agree that all the good news is factored into price.
There seems to be a psychological barrier we can't break through @ 40p.
Be interesting to see what closing price will be.

[mirabeau] 27/2/2017 11:42

Bill

That is by far the most pertinent and defining aspect of today's news. Read between the lines and we are looking at 1bn tonnes of mineralised ore..for some reason the market is still oblivious or maybe it's 'priced in'..I have no idea which it is

I suspect the market is waiting for the 'liquidity event'

[billthebank] 27/2/2017 11:39

Commenting on the intersections, CEO Mr Nick Mather said "Hole 21 is a major step out for SolGold. It extends the exciting Alpala deposit by at least 200m to the southeast, underneath the strongly altered advanced argillic cap over Alpala Southeast. The diagnostic mineralogy and presence of bornite in surface mapping is strongly endorsing the southeast target area and we are anxious to test this all the way from surface to 2000m depth and over the entire 750m strike length of Alpala Southeast. We believe this zone has potential to double the size of the Alpala deposit and increase the grade too. Depth extensions below this will add more. SolGold is targeting the zone in Hole 21 to over 2000m depth, whilst Hole 22 will extend the deposit above Hole 19.

DOUBLE!!!!!! and threee more rigs What's not to like!

[spacedust] 27/2/2017 11:22

Odr- not sure it's what's on the ground. A bit like exam results or driving test result or digging for oil by an aim company.

[mirabeau] 27/2/2017 10:51

They had a buyer in BHP who offered SOLG a multi-million dollar deal. Of course the nature of the deal meant relinquishing control and that is a no-no at this stage..SOLG shareholders should be the beneficiaries of any increase in value at Cascabel with a % left on the table for one of the majors


BHP have an idea of what Cascabel is all about..the more SOLG drill and unearth these treasures the greater the eventual take-out price will be

[lefrene] 27/2/2017 10:36

The value of Solg is going to be down to a handful of huge world class miners, which one of them wants it more badly than the others. But these huge companies are not going to play a hunch, they will want solid evidence of size and quality of the resource. Thus we will see the continuing defining of Alpala until there is enough info to come up with a maiden resource statement for that site. I expect it to take until the end of this year to come up with that statement. Hopefully we might see a few exploratory drills in other parts of Cascabel, but it would make sense for NM to prove up Alpala, either to lure in a buyer, or to borrow against it for Solg to start extraction independently?

Considering what looked like price manipulation when Solg was last trying to raise money, I would think that NM is in no mood to do favours for any of the miners, he will want top dollar whatever route he takes.

Now it's a waiting game for those new drills to arrive and get to work, and hopefully reveal the rich resource believed to be there.

[onedayrodders] 27/2/2017 10:17

spacedust ..why would they keep releasing 'poor results'

[spacedust] 27/2/2017 09:05

14 rns in 18 working days. My goodness this has to be a world record for an aim share. That's almost an rns every working day.

[spacedust] 27/2/2017 09:00

Poor results.

[spacedust] 27/2/2017 08:46

Wow another rns. This share must now hold the record for the highest number of rns issuance for a month for an aim share.

[mirabeau] 27/2/2017 08:39

RNS update

[bookvan] 26/2/2017 19:37

Thanks for the replies, dozyduck and spacedust. And yours, ODR. Our posts crossed. FRES is a share I can never get the timing right. You get them like that, don't you. There's no logical reason for it. Some you get a feel for and others it's always wrong. That's why I was thinking about HOC instead.

[onedayrodders] 26/2/2017 19:35

no probs bookvan

Its an easy mistake to make and I'm also always on my guard on the boards as plenty of tools frequent them.

I've been in HOC since 50p and also bought into the last rights issue so I'm sitting pretty. I prefer HOC simply because of the smaller market cap. FRES is quality but I always think of a saying called "elephants cant run" and with the Silver surge I'm expecting over the next few years, HOC with it's medium size mkt cap will give me far greater leverage IMHO.

Top management company too and CEO has massive percentage of shares which I like too.

If you cant choose have a slice of both perhaps.

ODR

[bookvan] 26/2/2017 19:18

Sorry, ODR. Yes - I took it the wrong way. My mistake. Sorry.

Actually, one day I'd like to pick your brains about HOC. I was in First Majestic during the leg up last year but don't trust it to follow the same pattern this time. Thinking about FRES or HOC for the ease of trading on LSE rather than TSX.

[spacedust] 26/2/2017 16:13

Marl has consolidated 100-1. They were once 6000p post consolidation price. Once a share has consolidated then that is the death of that share. That's only in my personal belief derived from experi3nce

[dozyduck] 26/2/2017 15:36

The trouble with Marl is exposure for investors to Hot Maiden is diluted through its minority-only stake, and its other exploration committments. Investors prefer the direct, pure exposure to one stellar prospect that is Sog at present. Lets's hope it doesn't 'diversify' too much yet, or spend any more on its Aussie tomfoolery !

[onedayrodders] 26/2/2017 14:44

bookvan .. have u missed the humour gene ?

You did say be as rude as you want ! ... sheeesh, didn't u see the smiley face

[bookvan] 26/2/2017 13:10

Thanks Mirabeau. Same for me.

I've been slow to catch on to SOLG and only bought some last week with a view to diversifying out of MARL not replacing it. I had heard about SOLG but thought I had left it much too late for the best gains.

Brent Cook seems to have had a similar awakening at the end of this interview:



The more I read about SOLG the stronger it's position seems to be. On the other hand, sentiment around MARL seems very weak for no obvious reason. Some posters put it down to Turkey but I am not convinced it's a problem.

I have also bought some CDB.TSXV to spread the risk from being all in MARL. That's another one that could be huge. There seems to be a lot of 'biggest finds in years' happening at the moment.

[mirabeau] 26/2/2017 12:26

I'm holding MARL and SOLG but SOLG has far better price trigger newsflow to come..and SOLG has project majority ownership which is something that gets the market salivating

With 8 drills (by the end of the year) going full tilt as we move forward this year SOLG will have almost monthly RNS's to maintain investor interest

The market can lose interest in a stock so quickly. That will not happen with SOLG

I'd like to see each company taken out in time at a premium of course

[bookvan] 26/2/2017 12:11

I have just contributed a discussion point to the MARL board. I hope it turns out to be as helpful as yours.

[onedayrodders] 26/2/2017 11:50

Naff off bookvan

;o)

[bookvan] 26/2/2017 11:42

I'm a MARL holder in profit and the question I am asking myself is: should I put the whole lot into SOLG. Something tells me I am not the only one asking the same question. Good idea or not: comments welcome. Be as rude as you like but full and frank discussion is better. Posting this on both boards.

[kyoquot] 24/2/2017 15:50

Love to see the Union Jack swirling in a steady breeze but also happy to see the bullish flag on the chart here. I have to admit I thought we may have been in for another little pull back this week. Have a great weekend.