Solgold Share Discussion Threads

[lefrene] 14/2/2018 12:04

stocky21, there was a capital raising about three months ago by issuing 180 million new shares at 25p to the Banks that directly bought them, the market price at the time was circa 36p a share. The deal included that those shares could not be traded on the open market before April. It's my personal belief that those off-market shares have been used via forward contracts to gain advantage for the Banks that own them. Go back through the RNS's to get the details of the purchase.

[stocky21] 14/2/2018 11:55

Hello, newbie here.

RE: 180m shares overhang.

What does this mean and how do I find more about this? Is there a possibility that it's reserved for corporate purchases (deal for finance or expertise) ?

Thanks

[mam fach] 14/2/2018 09:17

Can understand your frustration.
We all know the amazing assets but
we are not seeing the true potential in the share price.
Years ago we went through similar phase all rns's good but
none would lift share price.

[gersemi] 14/2/2018 08:04

There's no interest here so I sold. I can't afford to be in a stock that's akin to the walking dead

Will wait for the Aguinaga drill results

[gersemi] 14/2/2018 07:07

This is big one!!

14 February 2018

SolGold plc

Cascabel Exploration Update

Aguinaga Drilling Program to Commence in March 2018

The Board of SolGold (LSE / TSX code: SOLG) is pleased to provide an update on the upcoming drill program at the Aguinaga prospect, at the Company's Cascabel copper-gold porphyry project in Ecuador.

[mrpiggy] 13/2/2018 17:25

Forgive me if I have misunderstood your post but basically what you are saying is that we are still in a down trend and this is a temporary blip!The big sellers left 2 or 3 weeks ago as we have had low volume since then!Today's volume started out big (2 mill the first hour) but then almost flatlined for the rest of the day giving the thieving scum the opportunity to take the share price down which they did with great efficiency. I'm of the opinion that we have just come off the down trend (20p) but time will tell!

[5070481] 13/2/2018 12:58

Nowhere near a short squeeze on this. SIMply a case that the big sellers have stopped briefly. NO volume through to indicate the selling has finished.

[alwaysevolving] 13/2/2018 12:18

Looks like it just did! Now can it hold into close?

[pecker1] 13/2/2018 11:08

If we get good exploration news this week a short squeeze could propel us back over 30p in a day or two. And then Aguinaga could add a tailwind if we get an RNS saying that a hole there is already in mineralisation.

[mrpiggy] 13/2/2018 11:00

Thieving scum up to usual tricks!

[lefrene] 13/2/2018 10:52

There is a long list of positives with this company and location, the only negative is the ghost of 180 million shares. The copper story continues to grow, miners will be casting about for favourable projects, there can't be many that match this for scale, infrastructure and location.

[rougepierre] 13/2/2018 10:44

Here's a scenario...

Move to full listing and then massive increase in Resources...all to happen before the April 'float' of the issued shares...

Then watch them flyyyyyy....

Too Machiavellian...?

[rougepierre] 13/2/2018 10:37

The pattern of trading today looks like it includes a lot of short closing...

AIMHO as usual...

Holding just shy of 300k of these babies...

[trev1223] 13/2/2018 10:28

lefrene: As usual I agree with you entirely,as do the mornings other posters, it seems. I have been an investor in SOLG since 2014 and never understood the drop in share price considering the encouraging RNS that are constantly released. I hope that the situation will improve during the next few weeks.

[lefrene] 13/2/2018 09:56

trev1223, I remain cynical as to why the price is down where it is. (I notice that nearly all 'AT' trades today are sales). Given the scale of Solg's holdings the current price reflects only a sliver of the buried wealth and but a tiny fraction of Cascabel alone. Still a lot of waiting to be done but the news should improve steadily. As this plum ripens so the hounds will gather. Perhaps some unexpected good news might prompt a short squeeze? That would change the picture here.

[alwaysevolving] 13/2/2018 09:54

Thanks for the post gersemi. A great read and very reassuring 🤔

[gersemi] 13/2/2018 08:48

The article appeared in the AFR which is an Aussie based business focused newspaper. That piqued my interest big time. No smoke without fire? We shall see though I've been following the SOLG story for years now

[trev1223] 13/2/2018 08:45

Thanks gersemi.

There is more information here than we have seen for along time. What's your slant on this lefrene?

[gersemi] 13/2/2018 08:33

That 73k at .2170p was mine. If the price falls any lower I shall add. I suspect there's much embedded value here to be unearthed with the drill

[mrpiggy] 13/2/2018 08:02

Thanks for that gersemi!There's nothing like takeover rumours to change sentiment on here and as we are driven by sentiment it will be a refreshing change!Even the thieving scum will be unable to hold us back on takeover rumours as shorts will be closing!Let's see what the day brings ;@)