Solgold Share Discussion Threads

[markth126] 19/1/2018 20:49

I don't know why but I'm a long term holder and have built up a scary big position for me - £60k, a lot of which was backed up for me by the 41p newcrest investment and then the £25m at 25p. It's become a bit of a darling stock for me but I'm in this till the end game whenever this maybe.

[pecker1] 19/1/2018 17:39

Yes, regrettably it's been downhill all the way since the decision was made to list on the TSX. Still cannot understand why this was considered necessary in the first place, but if it was, why was the listing not done at the same time as a placing?

I think they need to bring in a heavyweight finance man to the BOD who knows how the "system" (Canadian/London) really works - otherwise they'll just get shafted again. Great shame as the fundamentals have been improving with every set of drill results.

The finance thing can be sorted so I remain very positive: I hope that next week, preferably on Monday before Garwin presents, brings an RNS that expands the high-grade core at Alpala, justifies the priority effort being put into Alpala NW,and confirms that the geophysical work has been completed and so drilling can start soon at Trevino, Aguinaga and other named targets at Cascabel.

[lefrene] 19/1/2018 16:41

There you go, put your trust in your broker!

At this rate you will be able to get them for 24p next week, I guess it's what happens when you involve Cannacord-Genuity in a deal where they get a great slug of shares for 25p when the market price was circa 37p. Come back in April.

[cielos] 19/1/2018 15:57

>>>> 7K buy at order book

anyway it was done at 14:45 the broker inform me of the 7K buy at 25.30p a bit cheaper.
is on the trades as an AT

[pecker1] 19/1/2018 13:40

Came across this interesting innovation that should speed up and reduce the cost of
excavating declines/ramps to underground deposits like Alpala (possibly via Aguinaga)in Mining weekly:



Perhaps belatedly, mining technology is advancing and should help to counter those who are sceptical of Solgold's ability to develop Alpala into a mine.

[cielos] 19/1/2018 11:29

I do not understand? help

Have place a buy order with broker for 7K at 25.40p on a T2 basis to be put on the order book.
That was around 10.06am this morning, but not showing yet at level2 not real prices
I have ask my broker why is not there
he says is there but now showing.
It that possible?

price should be 25.40p bid and 26.45p offer not 25.30p bid

[lefrene] 19/1/2018 10:13

25p has a gravitational pull.

[kyoquot] 18/1/2018 19:56

If said bull is in reasonable shape dangling a shapely long lashed cow from a whirlybird may speed up the process..... may be an idea to leave the marigolds on.

[onedayrodders] 18/1/2018 15:54

Trying to get away from the recent 25p corporate anchor is like trying to push an elephant up Mount Everest, through snow wearing marigold gloves.

[rougepierre] 18/1/2018 14:54

Scargs - well reasoned article here...

hxxps://www.sharesmagazine.co.uk/article/copper-explorer-solgold-confident-of-world-class-project-status

Have a good one!

[pecker1] 18/1/2018 13:06

lefrene,

Or he might sell one or more of the other regional sites and use the money to finance Cascabel. IF NM wants, as he has said, to start a tier one copper company then Cascabel would long outlast him and should be around for his grandchildren!

Depends on what the regional exploration discovers. Because they are well funded they can probably compress what a smaller explorer would take three years to do into one year. So timescales for adding value to the most promising sites could be radically shortened. Doubt this has been factored into the share price yet.

[pecker1] 17/1/2018 18:42

And to remove any doubt, the last thing any sane individual would want is a "World Government" run by the deep state that would be the enslavement of the many by the few. The aim should of course be a world currency or currencies started and used by people (the so called "free market" - that's you and me and countless others making our own decisions about what's best for us)which would put "government" back in its little box where it belongs.

[pecker1] 17/1/2018 17:52

lefrene,

Agree with what you say about why people wanted bitcoin - the problem is that it is not a store of value like gold.

James Turk tried to do something with Goldmoney. Some people use it for transactions but it does not seem to have caught on widely. Some combination of physical gold and silver plus blockchain technology could in theory provide a global currency free of government control and whose price would depend on supply and demand. A gold standard but without governments to control it.

Throughout history monarchs/governments have always wanted to control the currency (monopoly=power) and execute counterfeiters so that they are the only ones allowed to print money and thereby debase the currency through inflation!

Technology now provides an alternative and there seems to me no valid reason why there should not be a global currency that is free from control by any particular government. The latter's role would be limited to ensuring the gold/silver used to underpin the currency was genuine. A wonderful dream but think the deep state would have a fit!

[lefrene] 17/1/2018 16:20

Although I was joking the other day, perhaps an alternative currency linked to gold might not be so daft. I see the bitcoin invention as a desire by many people to have a currency that is not manipulated and devalued by incompetent governments, and a currency that can be traded as well as used as a store of value.

I believe there is an opportunity at this time as thin air crypto's plunge, for those in the gold industry to come together to create a crypto currency underwritten by real gold. An internet based currency that can be converted into gold coins whenever you wish. China and India would latch onto it in their billions. It might also create opportunities for old geezers to get back into the robbery game :¬) (But don't use a flashy car you idiots)

edit............Found (LION) trying to start a gold backed crypto, not gripping the imagination of the public by the look of it.

[pecker1] 17/1/2018 14:58

Borrowed from a piece by David Stockman (Reagan era budget director) on Zero Hedge:

"This crazy Bitcoin mania has drained off what would otherwise be a demand for gold. . . . When Bitcoin collapses, spectacularly, which it will because it’s sheer mania in the markets right now. When it collapses, I think a lot of that demand will come back into gold, as well as people fleeing the standard stock and bond markets for the first time in 9 or 10 years...Put $10,000 in gold or silver not in the Wall St stock or bond market' "

Hope he's correct. Should be good for Solg which is literally sitting on a mountain of gold. As to copper, my hunch is that if the markets crash and we go into a slump, governments will want to kick start their economies by hastening the transfer to electric motor vehicles.

[master rsi] 16/1/2018 23:55

chart looking for bounce

Everything is in position for the rise, but when is another thing.
Interesting today there was an "iceberg" on the order book with someone buying lots of 25K @ 27.20p and also share price went into the bid 27.35p not seeing for some time, thought metal prices were well down at one time.

Good to see Metal prices rebound after 6pm and finish up for the day

Chart with Indicators and MA

[lefrene] 16/1/2018 12:26

I rather suspect that the overhang whilst not being allowed onto the market until April, is nonetheless being used to underwrite shorting activity. Cannacord-Genuity is one of the 25p backers and they are as sharp as it gets, if they can turn a dollar without doing anything against the rules, then they will.

Yes quite likely a helpful rns will make a timely appearance for Mr Garwin's presentation, but will it help the price for more than a day or two, or indeed at all?

[pecker1] 16/1/2018 12:10

Yes, with Garwin presenting, I'm sure they will bust a gut to get a drill results RNS out on the 22nd.

Point taken about the overhang but a lot can happen between now and 1 April, including
game-changing news.

[kyoquot] 16/1/2018 11:39

Very much looking forward to Dr Steve Garwin's presentation on the 22nd. Hopefully rig 12 has joined the fray and is humming away sweetly, we should also have some more drilling results out soon with luck.

[dmitribollokov] 16/1/2018 11:33

OK interesting, missed that, thanks guys.

[lefrene] 16/1/2018 11:19

And those 180 million shares don't come to the open market until April, so that lump overhangs the market, it will likely sit around this level until a full market is resumed.