Solgold Share Discussion Threads

[mam fach] 22/2/2018 19:49

Wouldn't think a tip in IC would have that much effect on SOLG.
Majority of holders been in for the long term.
Even good RNS's don't raise share price.This is the way it is @ the moment.
However rumours of takeover (whilst not new) might have some positive effect.

[francoismyname] 22/2/2018 19:30

The last time we had a positive report and feature in a shares mag we had a funding and dilution within 72 hours. I should know as bought some on the spike up only for it to fall quickly 72 hours later.

Beware out there buying on any hype from a magazine .

[paleje] 22/2/2018 18:48

IC have this as a tip of the week in tomorrow's mag, I won't print whole but here's their summary -

Major discovery
Takeover candidate

By Alex Newman

While exploration company SolGold (SOLG) may have yet to generate any revenue the group has discovered what it believes to be the first of many world-class copper-gold deposits in Ecuador. Results from several drilling intersections at Cascabel, its major discovery, are up there with the best recorded....

......The fact that this is just one of many potential projects could be the kicker. Add to that the upcoming release of several UK analyst reports, and we don’t expect SolGold’s share price to be subdued for much longer. Buy.

Last IC View: None


From my phone

[mrpiggy] 22/2/2018 17:45

It is also good if we have a balanced board and if a poster sees something negative and backs it up with reason then it's good that it is shared. Some boards you get absolutely slated if anything negative is said which isn't healthy!

[mrpiggy] 22/2/2018 17:14

Sorry 5070481, I could have worded my post a lot better, I was assuming you are looking for a lower price merely for a top up and nothing sinister. I value your posts and your post regarding share overhang.

[lefrene] 22/2/2018 16:58

5070481, any reasoned comments are welcome especially insights that may have passed others by. I agree the 180 million overhang is the tail wagging the dog, it will be interesting to see what happened to them. It's my belief that they have been forwards traded by those who 'own' them. Could be interesting if they turn up in a single block.

[5070481] 22/2/2018 16:48

Please dont get my intentions wrong on this. I have no wish to see SOLG dropping and have a decent holding as a long term hold. I merely intended to point out reasons for the drop and possible reasons to be cautious about topping up until we see some kind of change of trend occuring.

I have no issue with managment at all looking to be taken over but I simply advised caution as some of my other holdings have had CEO's chatting about this (HUR and SOU) and i dont think that puts you in a strong negotiating position.

Until this overhang is cleared and the seller gone it will be very hard for retail punters to overpower this downtrend. Roll on April and the updated MRE and submission of new shares

[lefrene] 22/2/2018 16:20

It's a news driven stock and without news the machines will chip away at the price, although here of course the world is upside down as good news does nothing for it!

Mrpiggy feel lucky that you are not in some humid jungle hustling drilling machines to get deeper faster :¬) Resign yourself to the reality that it takes time to prove up a large site, and without proofs no beancounter is going to take a risk on a bid of the sort of magnitude that Solg will command.

Next MRE presumably early April, we should also have had an early report on Aguinaga by then too. Cascabel must be on the radar of every big hitter in the copper game, it isn't going to disappear or be given away for a song.

[lefrene] 22/2/2018 13:44

I agree it will take quite some time for the car market to become largely electric, and I would expect there to be more demand from city delivery trucks in the nearer term. Also as you say in the nearer term construction will remain the major consumer for copper, but a sea change seems to be under way to move to electric vehicles, and in the case of trucks it might happen quite quickly depending on the economics, but also regulatory action to keep diesel out of cities.

If the US "pukes" the rest of the western world will have the plague, I guess China and its friends will then have first pick of any asset morsels. But lifting interest rates a little bit each quarter seems unlikely to bring down the house of quantative easing suddenly.

Mining is a slow game, it's a huge decision to commit large capital sums to an extraction unless you feel certain there will be demand at a workable price. But presumably once you have made that commitment, then you want to get to production as swiftly and economically as possible. Cascabel looks a good candidate.

[5070481] 22/2/2018 13:07

I thin ODR's point was that if the US is going to puke then everything will get dragged down with it. Time frame you are referencing is long term over many years. Electric car demand isnt sufficient to compete with chinese building demand currently which is the real driver. Long term i believe in the compnay. Short term I can see the case to be made that price could go lower.

[lefrene] 22/2/2018 12:38

ODR this is an asset play, not a business play. Solg isn't a business, it's a bunch of blokes using other peoples money digging for treasure in a sweaty jungle. Interest rate movements barely affect its prospects. Demand for copper is going to increase, there are few places where you can find very substantial resources in one location, and even fewer again where the location has favourable infrastructure. Interest rates rising 2 or 3% are unlikely to have much impact, indeed it might help speed the move towards electric cars as they will be much cheaper to make in mass production given the greatly reduced parts count, against ice cars.

[onedayrodders] 22/2/2018 10:42

CNBC who ban bears on their channel and only allow bulls or mega bulls comments on the same..

[onedayrodders] 22/2/2018 10:30

I have freed up some money for a modest top up but hesitating as I think the US is gonna sneeze big time again and all markets will be dragged down by it's sentiment tentacles.

The bubble loving media in the US are desperate for volatility to go away however DOW reversed a 300+ gain to -167 in the last 2 hours of trading last night, and the long term int rates on the US10YR TSY reached a 5 year high. The longer teem rates are seen as a slur on the US ability to repay it's debts (which they already cant) and now Trump wants to bash the USA credit card by a further unfunded $1.5 trillion !

The inflation genie is peeking it's head out the bottle and not even the BS jawboning of the FED can make him go back in now.

Anyway I'm babbling on and you are probably bored but the relevance is that stocks crashing will force the FED to reverse talk of int rate rises and start talking of QE4 which will send the US$ down the plug hole and Gold and commodities soaring ... there .. I knew I would get to the point !

Problem is Gold will not instantly soar and global stocks will be dragged down short term in the stock market carnage.

Just my idol thoughts as we stay suppressed and depressed here.

ODR

[mrpiggy] 22/2/2018 10:01

Many thanks for your clarification lefrene.... much appreciated! :@)

[lefrene] 22/2/2018 09:42

Mrpiggy, if you own the rights to something that temporarily you cannot trade in an open market, there is nothing to stop you entering a contract to sell those rights to someone else at a future date. So if you paid 25p for something when the open market price was circa 36p, then you could tempt somebody by offering it at 33p now, but for delivery at a future date. If you did this you have an instant 8p profit. Then you might decide that you don't want to deliver on the contract so you set about spreading FUD to wear down the price, and possibly engage in shorting too, making it possible to cover your contracts for less than your initial purchase price. This may or may not have happened here, but it is a possibility. We have seen nothing but good news coming out of Solg, and yet the price gets ground down even when the price of copper and gold remain robust. The long delayed marketing of the 25p bought deal created conditions for this price action to happen, one simply has to ask 'who benefits'? I suspect that NM was 'sold' this idea by the nice bankers who bought the shares.

[mrpiggy] 22/2/2018 09:04

SolGold plc (LSE and TSX code: SOLG) is pleased to announce that it has closed its previously announced "bought deal" private placement of 180,000,000 ordinary shares in SolGold (the "Offered Shares") at a price of 25 pence (C$0.42) per Offered Share for aggregate gross proceeds of GBP45,000,000 (C$75,600,000) (the "Offering").Can anyone explain in simple terms how the share overhang due to expire on the 31st March are used to manipulate the share price down and why when the private placement investors paid 25p/ share. I can't quite get my head around why it would be in their interest to bring the share price down if they paid 25p/share. I think lefrene amongst others may have an insight as to how this works.Many thanks.

[lefrene] 21/2/2018 15:30

Well both Glencore and BHP seem to be making large sums of money, and we know BHP have made a cheap pass at Solg, but perhaps they didn't send a Valentines card this year? Indeed it does seem that logic is being defied, bu then miners move very slowly, apparently BHP have been studying for five years the possibility of just having a single listing in Oz and dropping the London listing. So if they have been mulling that for 5 years, I guess their decision process is akin to that of careerist civil servants?

I wonder if we won't wind up with electric cars that recharge at diesel powered hook-ups at motorway services. We simply don't have the generating capacity to cope. The mobile equivalent today is so called hybrid buses, where a small diesel screams away all day trying keep a worn out bank of batteries charged up. But whatever it does appear that there is a ground swell towards electric vehicles, and weighty delivery trucks are going to need quite a bit of copper to get the job done.

[alwaysevolving] 21/2/2018 14:18

I’m reading increasingly that Larger vehicles/Commercials and long range cars will end up being Hydrogen fuel cell powered (China currency making big in roads to support this in several major cities) and that regular cars will most likely be electric tech, with the Former using more Platinum (10x the amount of plat a current fossil fuel exhaust system uses) but either way, electric cars seem to be the future and a lot more Copper is going to be required going forwards

.....that being said, I see the Solg share price with their vast and ever increasing copper deposits (let’s not even mention the Gold) is being walked down again!! Defies logic really?

[lefrene] 21/2/2018 13:15

Mercedes planning for electric city delivery trucks. Merc makes a huge number of trucks, these things are going to need an awful lot of copper.

[trev1223] 21/2/2018 10:35

Glencore has quadrupled earnings, could be top runner for a stake in SOLG. They have the cash.

[noccer] 21/2/2018 08:42

Who has got a Tier 1 asset and who is looking for them? Just spotted this in Glencore's prelims today .. "We look to the future with confidence. We believe our unrivalled positioning in "Tier 1" commodities and "Tier 1" assets will continue to create compelling value for all stakeholders." and it seems Ivan is sitting on a Tier 1 heap of cash. So maybe, one day, we will get a little of it.

[lefrene] 20/2/2018 15:13

Have I upset the MM's and this is their spite! :¬)

[mrpiggy] 20/2/2018 15:10

Spoke too soon!!!