Solgold Share Discussion Threads

[onedayrodders] 25/1/2018 11:13

lefrene .. if you get your 15p top up wish doesn't that increase a disastrously low boot sale takeout

[iankn73] 25/1/2018 11:07

I have cash ready for another top if necessary. Hopefully I wont need to. Patience is defo required here as we all know coppers future outlook is ultra positive.

[lefrene] 25/1/2018 10:55

Round numbers are usually the triggers, perhaps 20p will be it or even 15p. I'm not trying to be a scaremonger, I hold too many of these and am now under water :¬(
There just seems to be a disconnect that a business that holds 78 properties would seem to be being valued at about 0.5% of the potential of just one of those properties. Even if just one tenth of those properties turn out to be as good as Cascabel there is £750 billions worth of copper and gold under their control. Which at just 2% one arrives at £15 billion. But not today.

I realise that emotions do get one involved, I find now that I'm wishing this down below 20p where I will pick up another 100k, but then being greedy I will want them for less again!

[rougepierre] 25/1/2018 10:34

perhaps it today lefrene...

[pecker1] 25/1/2018 10:34

Mrpiggy,
re your last sentence, am doing the same. Never thought we would see Corp Jones running round Solg with a meat cleaver shouting don't panic. I've had it drummed into me by market pros that you should never try to catch a falling knife. But it could be OK as long as you put your gloves on first!

[rougepierre] 25/1/2018 10:33

Patience is a virtue...remember ATYM falling to sub 80p...great loading up opportunity...now almost 190p....

I now have over 200k of these at an average close to the Placement price...and that's it...

[lefrene] 25/1/2018 10:32

I take the view that it is being gamed for the purpose of an opportunistic takeover. The lower it can be driven then the cheaper the take out price. It's a long way to April and the surfacing of that 180 million slug. Will NM get out manoeuvred by the banksters?

Aguinaga from the picture on the website appears to be a small hill, it would seem fairly straight forward to put something through the side of it. If NM does have a clever game plan it doesn't seem to be going too well just now. In sell offs there's usually a day of capitulation before things turn, perhaps we will see it?

[iankn73] 25/1/2018 10:30

This is proving to be a costly investment so far.....Good luck all

[rougepierre] 25/1/2018 10:29

my 40,000 and 10,000 buys at 22.87 showing as sells...

[noccer] 25/1/2018 08:56

Good posts from Lefrene and Mr Piggy, can only agree, but have a slight concern that if one of the other prospects is at surface, and Alpala requires block caving, then why would anyone buy Alpala if the next prospect thats drilled turns out to be suitable for a surface mine. Maybe Nick really is after developing it himself rather than a sale, but same question applies, why isn't he drilling Aguinaga in case it offers a lower cost mining route. One other thing I have wondered about is if there are some environmental/political sensitivities to a surface mine that might be avoided by block caving.

[filterwest] 25/1/2018 08:47

It seems there is seller around.

[markth126] 25/1/2018 08:24

Wtf is going on here!

[mrpiggy] 25/1/2018 06:47

I'm in agreement with much of what you said lefrene but remember Nick Mather is no newbie and has a track record of getting a good deal for share holders. Also, he owns a big chunk of the solgold stock (15% at one point) so it's in his interest to get a good price!Where I am in total agreement with you is on a takeover, the cheaper we get the more at risk we are. Funding is obviously an issue with the market because no amount of excellent drilling results lifts us!If this is the case let's hope we get a similar deal to what MARL got when they were taken over (hot maiden gold/ copper project in Turkey)!

[lefrene] 24/1/2018 22:00

It's a guess but it seems to me that NM has decided to go hell for leather to prove up something he can do a deal on, as fast as possible. Plainly Alpala is the site with the best chance of getting somebody interested in taking it to production in the nearest time frame.

While the stock market wants to hear if Aguinaga is going to be a viable prospect, I guess NM has decided that it's not his highest priority, he has his working capital and he needs it to get Alpala saleable asap. Unfortunately this plays into the grabbers hands, there's nothing to lift sentiment thus the price gets bacon sliced, down to gawd knows where.

Unfortunately he got into bed with the likes of Cannacord-Genuity who are very capable of looking after their own interests, I feel they are unlikely to be a friend of Solg. We know there are interested parties and BHP will perhaps be aggrieved at being snubbed, what a prize for them if they could orchestrate a demise in the share price, and just as the hardwork has been done, spring a cheapo grab, putting the upstart NM in his place? Then cut a JV deal with other miners?

It's a really dirty game, NM is a bit of a maverick I suspect a few would like to cut him down to size, unhappily the way he raised that money at 25p exposed him to possible games by banksters. NM has to have something to sell before the money runs out or else the thing will get diluted back to pennies. If I know it, all the vultures sitting on the cactus know it.

Imagine getting Solg for less than 50p, Cascabel soon brought to production (2 to 3 years) and at comparatively low cost due to the excellent infrastructure. Then on top of that you get 77 other skilfully chosen properties in for free. A miner would be set up for well over a century of volume production. Does Solg have any real friends in the industry, or will the miners look after each other. I guess we will find out over the next 12 months.

[onedayrodders] 24/1/2018 19:35

lefrene .. I fear your scenario is ever more likely to materialise now

[lefrene] 24/1/2018 15:50

I do wonder that just as those 180 million shares come to the open market, if we will see a bankster backed buy out at circa 45p? Having ground it down to this level there would be plenty happy to let it go cheap in order to almost double their bet.

[lefrene] 24/1/2018 15:25

As low as the banksters want it to go would be my guess :¬( The assets here are huge and growing, although to be fair one can only crystalize value when you sell part of it to a miner. I'm expecting Cascabel as a whole to have 15 million tons of Cu eqv which at current circa £5000 a ton has a worth of £75 billion and 2% of that is £1.5 billion, and that's just Cascabel. I read today that China is pouring billions into methods of mining the seabed, well Cascabel is going to be a heck of a lot cheaper to mine than the sea.

[alwaysevolving] 24/1/2018 14:57

And sub 24p! This decline seems relentless despite great news. How low is this going ffs?

[lefrene] 24/1/2018 10:42

A positive article, thank you. Now we just need some buyers!

[lefrene] 24/1/2018 10:06

That rns is about as good as it gets but still seemingly not enough to stop the banksters games. Gold doing well this morning too.

[rougepierre] 24/1/2018 09:53

Outstanding article...highly respected M&M commentator/investor, Rick Rule...

Gold on a tear...will copper follow...

hxxp://www.mining-journal.com/capital-markets/news/1311001/-puck