Solgold Share Discussion Threads

[lefrene] 30/5/2018 11:06

My thoughts too ODR, sigh :¬(

[onedayrodders] 30/5/2018 11:02

ok cup and handle out the window now too.

Guess it's back to 20/22p

[lefrene] 30/5/2018 09:35

A 'target' would be the price at which I felt the value had been recognised. It would seem that Cascabel alone is likely to have a mine life in excess of a century and that's before we begin to look at the other properties. Any capital in the form of equipment sunk into Cascabel will keep earning for decades, plus the highly favourable infrastructure will make it cheaper to operate than many other mines. Those attributes have value. Given the scale and prospects of Solg I see $5 billion almost as a starting point for the whole business, and Cascabel would quite soon pay that back, the rest would be in for free.

[markth126] 29/5/2018 19:18

Well I certainly hope he doesn't let us down, it will either a costly mistake or the best decision ever to keep holding . What would your target price be. I think 15 times the current share is dreamland but it's good to dream sometimes! I'll take 5 times!

[lefrene] 29/5/2018 16:55

marth126, it's a 'stand off', would be owners of Cascabel trying to wear down NM. NM holding his cards close to his chest by relenting on the promised quarterly updates. One has to trust that NM knows the game and will play his hand as well as he can. The copper is there, hopefully more than currently expected, it appears that copper will be in increasing demand, various sources tell us that there is a supply squeeze coming. The waiting is very tedious, but in a 'stand off' the first to blink usually loses.

[markth126] 29/5/2018 16:49

I did double up last week think as low as it could go given recent place but jeez, just need to sit on my hands now

[markth126] 29/5/2018 16:48

Is anybody else losing patience here, how long before the real value emerges.

[lefrene] 29/5/2018 10:40

I've just read that Vedanta have had their 400,000 ton per annum copper smelter in Tamil Nadu closed down over pollution concerns and after large riots by the local population. Hasn't done anything for this copper rich asset though. I suppose that 15 times current share price claim gets easier to hit the lower the price gets!

[lefrene] 25/5/2018 16:43

Celeritas, I know it's off topic, but we live in age where massive personal debt has been normalised. All enslaved to the money lenders, and everything you spend your money on recorded so that your 'life style' can be monitored for yet more profit from the lenders. I suppose so long as it enables people to temporarily 'own' stuff with lots of copper in it, then eventually it will be good for Solg.

[bo doodak] 25/5/2018 15:13

hxxp://obr.uk/box/implications-of-transferring-the-historic-deficit-of-royal-mails-pension-fund-to-the-public-sector/

Old article but gives indication of what could occur where gvt effectively confiscates all the pension scheme assets and leaves pensioners with a gvt guarantee.... scary.

They will do it when the time comes.

[celeritas] 25/5/2018 15:01

Its so wrong for mainly sensible people to pay for government mistakes.
I've been taught from a young age, save up and buy what you want and not to give into temptation by taking out a loan to buy now.
Its a pity the government doesn't run by that rule because interest eventually becomes a great big whip.
Also how is it right to take peoples savings when other could be sitting on 10* more in property. Not that I'm saying thats right either but why punish those with cash.

[lefrene] 25/5/2018 14:45

shakester2, as they did in Cyprus taking everything above $E100k in private accounts. I could see Corbyn doing that. Yup much of the western world is actually bust, but when you can keep printing bonds and forcing pension funds to buy them I guess you are already shearing the sheep, but they haven't noticed? That's why I'm in things like Solg, commodities have an intrinsic utility value regardless of fiat currencies, once that is that you start to harvest them!

Good luck markth126, the price has certainly sagged back once again, but perhaps we won't see 20p again? NM has been talking but it hasn't yet translated into walking, that 15 times hike is going to be an awful long time coming at this rate.

[markth126] 25/5/2018 14:27

Doubled up today this is way too cheap now!

[shakester2] 25/5/2018 14:21

Hi Lefrene. The point I'm trying to make (not very well) is that this Beaufort Securities scandal is setting a precedent, essentially saying people's pensions can be dipped into. In the next financial crisis it will be the government dipping in (as we all know they're broke), under the guise of saving the banks, finance companies, pension providers etc

[lefrene] 25/5/2018 12:53

Not sure what point you are trying to make there shakester2? The miscreant managers/directors removed and punished, and the business of Beauforts left alone.
PWC don't get to reward themselves with £100+ millions of innocent peoples money, those people continue to have all their money with which to manage their lives. No doubt this event will push a few onto drawing benefits from the State, and the rest of us pay for the power games of the USA. Perhaps the only good that might come of it is some lazy UK apparatchiks might now take a more serious interest in the machinations of AiM?

[shakester2] 25/5/2018 12:22

That's because when the proverbial hits the fan it will be the government stepping in as self proclaimed saviours, and taking the 40% haircut off peoples pensions not PWC

[lefrene] 25/5/2018 11:28

Once again it's the USA Securities Board that used an agent provocateur to bubble Beauforts, when all they had to do was bring an action to lift the directors out of Beauforts for a canning, and replace the management. Our craven government should have had charge of it, this wholesale destruction was not needed, helps no one, and punishes the innocent for the actions of a handful of spivs. Yes it is interesting that one hears almost nothing about it in the media, perhaps because it would yet again reveal lack of backbone in the political class, who care nothing for the savings of the UK population.

[mrpiggy] 25/5/2018 11:12

I wondered that myself lefrene, we are suffering the same on ARS and selling is continuing at below the 11p placement price.... a poster on the Asiamet board also mentioned he thought it may we'll be Beaufort!

[shakester2] 25/5/2018 11:08

The Beaufort Securities debacle is a disgrace and hardly getting any news coverage. It's effecting pensions (SIPP) as well which I reckon is why they're keeping a lid on things.

[lefrene] 25/5/2018 11:00

Mrpiggy, I wonder if Solg being ex AiM is also caught up in the Beaufort brokerage debacle? PWC (the liquidators)are selling off whatever they can to raise their egregious £100+ million fee's. Turns out that when you hold stock through a nominee, you don't actually own it at all, so it can be sold without your permission to pay off your brokers debts!! So choose your broker very carefully, ex Beaufort clients are apparently taking a haircut between 20 and 30%.

[mrpiggy] 25/5/2018 10:50

5070481 made mention of an iceberg sell.....Still that big iceberg sat on 27 to clear. Its an impressive amount of stock that they have been managing to get away there over the last few weeks.Until it clears I don't think we are going anywhere fast lefrene let alone multiples of the current share price

[lefrene] 25/5/2018 10:32

15 times the current price eh? I think NM has forgotten to feed the market.

[mrpiggy] 24/5/2018 11:01

Szzzzzz, szzzzzz, yawn, snort, munch munch munch, snort..... Szzzzzzz!!!

[lefrene] 22/5/2018 16:32

That spread is a bit eye watering. Copper seems to be holding above $3 lb, which is reassuring. The value is undoubtably here, but the waiting is dire.

[onedayrodders] 22/5/2018 16:28

"converging Fibonacci's" ... I think BOOTS have some cream for that.