Solgold Share Discussion Threads

[bookvan] 16/9/2017 09:03

Lefrene - it could be we are talking about different RNSs. Have a look at Thursday's RNS and scroll down to the section headed 'corporate governance'. It seems to be saying the board is one short of the required number of independent directors to satisfy the rules. Could be wrong about this but it's how the paragraph struck me.

[lefrene] 15/9/2017 16:44

They simply use the word "delayed", no reason given. I can think of no reason why they would delay other than something wasn't to the liking of the authority that permits moving to the main market.

Why would you announce something and then not deliver on it unless something has gone wrong? Had it been the fault of another entity, there would be an explanation of why that entity had caused a delay.

Another 3 trading weeks to 6th October, at current rate of attrition we should be circa 25p by then.

[lefrene] 15/9/2017 16:19

Down she slips, lies, damned lies, and AiM shares!

[lefrene] 15/9/2017 14:08

Certainly not the time to give up on this one ODR, the real world assets here are huge, there is an engaged and investing large miner, in a mining friendly country with well placed utilities and infrastructure that make it attractive to operate there. We are seeing a squeeze, who really wants to be part of the future of this business, and who will have to let go?

[alwaysevolving] 15/9/2017 14:05

Like wise ODR with the exception of my JLP which seem to have finally turned the corner.

[onedayrodders] 15/9/2017 13:43

cant wait for this week to end .. and not just SOLG, my varied portfolio has been slammed

[lefrene] 15/9/2017 12:01

I wonder just who fouled up on that Main listing? Because this is the price you pay for failure to meet 'certainties', speccy AiM businesses cannot afford butter finger events, or in this case non events. Two weeks to go to the supposed new attempt at listing, so half of the 47p high by then?

[lefrene] 15/9/2017 10:41

At the rate they are ramping up spending their cash pile won't last too long, so they need some sort of deal to bring in some cash, either a JV or a sale of some concession. It would make sense that NM would like to become a big hitter in the mining world, it's a world he is expert in, thus I suppose he has a plan? The first part of which is to get Alpala proved up, then he has something of huge value to trade with. I dare say NM is in as much of a hurry as share holders given his age.

[bookvan] 15/9/2017 09:34

The thing that struck me in the results was the reference a couple of times to creating a globally significant mining company. Those weren't the exact words and don't want to wade through the text to find them but it's the gist.

For me, it seems to support the point in my own post that SolGold has no intention of putting itself up for sale. IMHO you got that back to front in your earlier post: it's Cornerstone that seems to have put itself up for sale not SolGold.

[onedayrodders] 14/9/2017 19:56

Are you from the Caribbean FSA ?

;o)

[fsawatcher] 14/9/2017 19:43

the results out today and not one post from anyones to discuss 'em

it's like readin 'how to issue a bucket load of shares and line ones pockets'

wot a shocker this company is

they bleedin it dry

[lefrene] 14/9/2017 14:31

The question I want answered is:- Out of that myriad of prospects Solg is working on when are they going to find somebody in a position to mine one of them? Seems that financiers are currently fighting shy of funding mines, which I suppose will last until some Chinese money arrives in town.

[mrpiggy] 14/9/2017 13:20

Now that sounds like the only logical explanation to me ODR, question is.... did he short Solgold?I'm sure he is eager to give us all a full explanation...... come on then, we are all ears( well, actually that's me with my big piggy ears)! :@)

[onedayrodders] 14/9/2017 12:59

Oh dear .. someone Predicting shares on AIM might go down and assuming they are in the Warren Buffet class.

However acting on it is something different ... I assume you made a small fortune shorting from 45p ? what .. you didn't back your judgement ?

tut tut

;o)

[lefrene] 14/9/2017 12:06

Here's a well funded miner with an idiot government problem, perhaps Solg should give them a call and tell them Ecuador is open for business.

[bookvan] 14/9/2017 08:03

At last some real discussion about Cornerstone in relation to SolGold and not some rubbish about manipulative market makers and paid de-rampers. In my experience and honest opinion these things exist more in the imagination of private investors than in real life but I could be wrong.

In my view it is very unlikely that Cornerstone will 'steal' Cascabel with or without Newcrest. It is Cornerstone that seems to have put itself up for sale not Solgold. Maybe SolGold will buy Cornerstone or somebody else but it does seem more likely Cornerstone will be sold first.

IMHO it's a reasonable strategy to sell SOLG and buy CGP in case it's SolGold that puts in an offer. It's not difficult through a UK broker and it could be what a lot of other investors are thinking. Disclosure: that's what I have done so obviously I am looking at things from that perspective. Then I hope to buy SOLG afterwards with the proceeds.

[lefrene] 13/9/2017 14:44

What's with all the tiny trades? 11, 14, 22? MM code for something?

[fsawatcher] 13/9/2017 11:48

i told ya all months ago when 45p this fall back to low 30s and got nuffin but flak

you hide truth by quoting newcrest 41p buy as benchmark

that woz 4.5% at 41p but you not mention 10% they got at 12p do ya?

can you work out newcrest average? coz that your benckmark and it dilute protected unlike you

I tell ya wot it is ....They hold nearly 15% and it cost em 27p

wot you imagine happen if they put 15% together with 15% cornerstone

look to me like equity bein shafted in cheap deal and cornerstone/newcrest and management gonna ride off with your asset for chicken feed price

dont worry, they leave you with some pie in sky concessions which you already got that they dont want

might cancel main market listing again in oct so price go into 20's , jeez the compliance laws for main market are such a drag aren't they Mr cornerstone?

[lefrene] 12/9/2017 14:31

Certainly getting punished for that, ooops! butterfingers missed the main market but never mind, episode. Makes one wonder if somebody somewhere, doesn't like the idea of NM getting above himself?

[lefrene] 12/9/2017 13:09

Newcrest put in fresh money for their stake, it would be interesting to see if they take advantage of the shake down to increase their holding by buying in the market. As indeed once the main listing in place, we will see what the share register looks like soon afterwards. There must be some predators out there quietly accumulating stock.