Solgold Share Discussion Threads

[master rsi] 20/11/2017 11:30

re - double bottom

There is signs of share of price wanting to bounce back from the few days at recent bottom
That is not strange on looking at the chart as it looks like the turning on the right side is pointing to the the formation of the last part of the double bottom.

[onedayrodders] 20/11/2017 11:03

a bit of blue

:O)

[master rsi] 19/11/2017 23:33

Gold had a very strong finish last Friday

Gold $1293.40 +$15.10 and Platinium $948 +$17

[lefrene] 17/11/2017 15:13

Thanks ODR, NM doing his best to get some value into this stock. It has occurred to me that NM might have done the recent cash raise at a cheap rate to make sure of raking in enough cash to be able to negotiate on firmer ground with any JV partners? Plainly if you are seen as having a weak balance sheet people are going to attempt to drive a sharp deal, and once one has done it the rest will try the same tactic. Now Solg has plenty of cash in hand, it is not desperate to get a deal just to keep the show on the road, thus can weather a Mexican stand off, and avoid underselling assets.

[onedayrodders] 17/11/2017 14:20

Dunno if you guys have picked this up already ..



Looks like j/v's are likely.

"Any projects are likely to be funded by third parties, with negotiations already taking place."

[mrpiggy] 16/11/2017 13:17

Just woken up, good read ODR, $5 a pound conservative eh!Yep, I would say so.... just my opinion but I recon you could almost double that over such a time frame!Who knows, maybe much more.... depends on how much demand outstrips supply!Sooner or later someone will come a knocking here!

[lefrene] 16/11/2017 11:59

ODR, thank you for sharing. So Elon Musk is going to buy Alpala then? :¬) Of course he is!

[fsawatcher] 16/11/2017 11:40

i jus checkin my bank account to see if NM has robbed it

this guy not no shame at linin his own pocket

[onedayrodders] 16/11/2017 11:16

Whilst we wait for this corporate hangover to clear, here is some Copper porn ..

[mrpiggy] 16/11/2017 10:50

Zzzzzzzzzzzzzzzzzz '@ ( ,

[lefrene] 15/11/2017 13:45

Thank you for that banksy, just goes to show how inaccurate the trades reporting is. But if the market knows there are brokers out there trying to shift a huge slug of shares that they have underwritten at 25p, then small wonder the price sits close to that 25p.

While hopeful that the MRE will give a lift here, it's plain to see that cash burn is set on 'full steam ahead', this company may be sat on vast mineral wealth but it has to find a way of generating revenue asap. I notice in the rns a ref to either mine or sell some part of a property. It's that word "sell" I like. I hope NM is better at haggling a sale price for a mine, than he seems at negotiating a cash raise with greedy bankers.

[fsawatcher] 15/11/2017 13:44

those results eye openin

management award load of cash and shares to themself

salary goin ups

massive increase on last years

this Mather bloke got so many fingers in pies across biz

example of director gettin richer and shareholder gettin poorer

[banksy] 15/11/2017 13:05

Bought several tranches over last few days showing as sells

[lefrene] 15/11/2017 11:48

ODR, late on the LSE, late on the TSX (look what that cost!), still a fat bill from lawyers and advisors though! One could excuse them by noticing that being mugged by market operators is not in their field of expertise. (Perhaps Ebay or Amazon should set up securities market?) But prospecting is their field of expertise, so a no-show for the end of Dec would be very poor indeed, especially as they now seem to be burning circa $1 million a week.

Curious price action here, despite apparent sells way out numbering buys, the price barely moves, which suggests that the market is being 'managed', presumably by entities associated with the bankers brokering the capital raising?

[onedayrodders] 15/11/2017 11:20

Indeed lefrene ... One would hope from the LSE delay debacle, regardless of who's fault, that they are not over promising on this key target.

[lefrene] 15/11/2017 11:16

Lot of info in that rns, I see they are still promising late Dec for the MRE.

[mrpiggy] 14/11/2017 20:37

Typo error... it should have read henchmen!

[mrpiggy] 14/11/2017 20:27

Agreed lefrene, geography is ALL!I had a substantial holding in AQP (Aquarius platinum) a few years ago. Falling metal prices didn't help but Zimbabwe made a law that 51% of the mine had to be owned by locals (mugabe's bench men really). How did they pay for 51%, by using future dividends that hadn't been awarded. Otherwise known as legalised theft but they called it the bee partnership!Basically they bankrupted the forth biggest platinum producer!

[celeritas] 14/11/2017 20:03

Gold will obviously be a big driver here plus jorc reports which will very much help. Maybe take on debt to build a mine rather than diluting existing holders.

AAZ all in sustaining costs are under $600
A large holder of aaz went bankrupt so was a forced seller hence why it went so low and hence why it still looks very cheap, it should never have gone down so far in the first place but in doing so makes it look like its had a good run.

[lefrene] 14/11/2017 18:05

You make a good case for aaz Cel, it is by any standards very cheap, but that's because of where it is. Private money is a very different thing to public money, those dispensing public money feel no personal risk. But thanks I will take a closer look. You're right about not having to worry about a placing!!

I'm guessing that Solg will sit around this level until that placing is due to complete at the end of the month. It's impossible to tell, but I get the impression that small holders are giving up and deeper pockets are tucking these away. This could still take quite a while before it heads North again, unless there is a surprise move by a predator.

[mrpiggy] 14/11/2017 17:28

Good post kdr246.Maybe Newcrest May take a bigger stake as this unfolds.

[celeritas] 14/11/2017 17:20

By the way, I am looking to buy in here but would like to see it consolidate at the placing price.

[celeritas] 14/11/2017 17:19

Lef, aaz has been operating without any issues in Azerbaijan for over 12 yrs.

I've followed them for circa 7 yrs and have never seen them in such a good position going forward, plenty of news due with refinance being the closest I believe plus you never worry about a sudden placing. Russian standards had over $6.5b of gold with this being slowly converted to Western standards but done in a reverse manner solg have. Over 100m of plant is in place already with crushers and the like being added along the way to increase capacity as more is proved up from the old Russian figures.

The European bank of development has just loaned them $500m for a pipeline to send gas to Europe.
The $40bn, 3,500km corridor is one of the biggest infrastructure projects in the global oil and gas industry. It will bring Caspian gas through three linked pipelines across Azerbaijan, Georgia, Turkey, Greece and the Adriatic Sea to southern Italy, and has been designated one of the EU’s “priority projects.

[jec] 14/11/2017 15:56

Gentlemen, thanks for your responses, particularly the one from Lefrene, all of which were helpful and the understanding shown.

I will continue to hold and may in fact add as cash becomes available- in small lumps at any one time.

Thanks again for the patience you showed.

Regards jec