Solgold Share Discussion Threads

[master rsi] 23/1/2018 17:13

Gold UP this afternoon

[pecker1] 23/1/2018 12:38

Point taken re NM and Aguinaga. Perhaps his reluctance can be explained by the need to ensure they maximise their chances of a successful hole. Hopefully by now their analysis of the Spartan survey and magnetic modelling will give them the confidence to select the best site from which to drill.

IMO, a lot will hang on the next RNS as to whether you get your 20p!

[lefrene] 23/1/2018 12:06

One gets the impression that quite a few are giving up on this, which is quite understandable when you see capital being destroyed. I guess I should have known better when that 25p bought deal came to light involving C-G. At the time it didn't seem possible that it could fall as far as 25p, now it seems perfectly possible it could fall to 20p! I shall keep a wedge to one side and see how cheaply I can get another 100k, it's 66 days to April and the arrival of the 180 million new shares, so lots of waiting to be done :¬(

[pecker1] 23/1/2018 10:51

lefrene,

I'm saying NM has to address the falling share price and shareholder sentiment otherwise, as you say, the big boys will grab Solg on the cheap. That's why the BOD need to be flexible and adjust priorities as the circumstances change. Surely, assigning just one of the twelve rigs on site to Aguinaga would not be such a radical change in priorities? After all, it was Solg who said way back that they would drill Aguinaga during 2017.

[pecker1] 23/1/2018 10:13

According to the link posted on the LSE website for Solg, the last ten minutes of his presentation were plagued by technical issues with his laptop malfunctioning. These kind of mishaps always seem to happen at just the wrong time!

However the MRE has done nothing to stop the relentless slide of the share price after the recent placing. Think the BOD need to address this rather than shrug their shoulders. Judging by shareholder comments on BBs, they need to start by drilling Aguinaga as soon as possible. The reasoning here is that it may offer a shallower resource which could be developed sooner than Alpala.

The forthcoming PEA should lay to rest any concerns that the depth of Alpala is a problem but some advance info/education on this would be welcome too.

[lefrene] 23/1/2018 09:48

Perhaps Mr Garwins talk didn't go down so well? :¬(

[pecker1] 22/1/2018 19:54

Well Steve Garwin has given his presentation in Vancouver.Perhaps the labs had a week or so off over Christmas and new year so drill results RNS delayed. let's hope it's a stonker when it comes as sentiment could do with a boost.

[lefrene] 22/1/2018 12:41

I guess if the game works out for them, then the banksters now get to cover in the open market and still retain their holdings when they become 'real' in April.

[onedayrodders] 22/1/2018 12:23

Yes bitterly disappointing

[lefrene] 22/1/2018 12:21

Buy at banksters price today. I can only conclude that the banksters sold their allocations short while the ink was still wet, I think the market price was circa 37p at the time.

[lefrene] 21/1/2018 13:04

ODR until those 180 million shares come on the open market I fear the share price will get kicked around. All the company can do is to continue to bring out good news, ie increasing area and improved percentages of metal. Perhaps NM is confident of doing that by April? Hence the reason for the embargo. Galling to see the share price at almost half of what it was a year ago.

Seegoon perhaps a bit more reading needs to be done?

[markth126] 21/1/2018 08:27

Hang on don't solg own 85% therefore at least 420M!And the rest!!

[seegoon] 20/1/2018 16:06

Nobody appears to have noticed that Cornerstone owns 15% of CASCABEL and is capitalised at $74,MM which means Sol Gold should be $140.00.MM NOT $740.MM...sell Sol and buy Cornerstone

[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.