Solgold Share Discussion Threads

[alwaysevolving] 05/7/2018 16:33

Well, I didn’t mention “at the moment” Mrpiggy, I made a point of saying at some point which I have no doubt will see us above 40p again.

Agree its not looking to cleaver share price wise at the mo.

[mrpiggy] 05/7/2018 15:59

It’s about as far fetched as the moon being made of cream cheese at the moment alwaysevolving!
I’m of the opinion that even the mre upgrade will only have only a small effect or dare I say a negative effect!
What Mr Market wants to hear is how are we going to finance getting the red stuff out of the ground!
A sniff of a takeover or JV will set us on a steep Northerly trajectory again but jeez, what do I know.... I’m only a pig!

[alwaysevolving] 05/7/2018 12:10

40p doesn’t seem that far fetched ODR with a good tail wind admittedly. It wasn’t that long ago that we were at 40p. I’m sure we will be back there and above at some point.

[onedayrodders] 05/7/2018 12:07

I'd actually prefer them to be in touching distance

[lefrene] 05/7/2018 08:42

New options at 40p and 60p, at least they are reassuringly well out of the money.

[lefrene] 03/7/2018 16:33

Another riveting day for Solg.

I think Trump is behaving in the same way as he probably has done with building contractors. When they are on the hook with a big contract underway, well committed with equipment and labour and too deep in to walk away, you then come along and rattle their cage and haggle down the cost of the original contract. Trump is trying to deal with bad deals left behind by Obama, so he makes a lot of loud noises to unsettle the other party, but both sides know that they need a deal. The first party knows they are making too much out of the original deal, but there is plenty of margin and they still make good money at half the current profit margin, Trump knows he won't get everything he wants, but anything is an improvement on the current position.

He handled the Kim tyrant skilfully, perhaps he will be just as good re-jigging some inept trade deals the Democrats lumbered the USA with.

[onedb1] 02/7/2018 23:47

Funniest thing I have read in a while lol . Am still long too . Bit of patience needed

[alwaysevolving] 02/7/2018 21:50

What is going on with PMs?! Would have thought they should have been going in the other direction given all this talk of trade wars, banks on the brink and stock market uncertainty? It don’t compute!

[onedayrodders] 02/7/2018 12:33

great cause .. I know someone close who has been through the prostate scare and Op recently. Thankfully diagnosed early enough (only just) and now all clear.

That said, it would have been good to see that RNS in a rising share price scenario instead of the general 'bombed out' feeling here and of course the mm's don't need an excuse for a 5% drop but today they got one anyway.

[lefrene] 02/7/2018 12:06

I suppose Solg has turned into the market equivalent of 'cash in the attic', there's fabulous value hidden up there, but until a tv crew turn up it might just as well not exist! :¬)

[lefrene] 02/7/2018 10:05

WEll thank goodness for that, for a moment I thought it might be about finding more copper and gold, and we know what happens then!

[mrpiggy] 29/6/2018 12:27

To quote FSA watcher..... we is in the naughty bin!

[onedayrodders] 28/6/2018 14:13

Agreed ... enjoy

[mikalan] 28/6/2018 14:08

SOLG reaching £1 would surpass that in the pleasant states ODR :)

[mrpiggy] 28/6/2018 13:15

Yes and there is nothing as pleasant as seeing crying Germans ODR ;@)

[onedayrodders] 28/6/2018 12:13

I hope you are right about the 20p floor ... and yes on the chart that's the recent bottom but personally for me it's now just another number that this could fall through.

I sincerely hope not but a continued prolonged period of nothing but drill results which the market opens it's eyes briefly and then just turns over and goes back to sleep, is not going to support any number.

Weirdly as the days and months pass it feels like we are further away from the land of milk and honey.

Oh well at least England are still in the World Cup.

:o/

[jerryspaniel] 28/6/2018 11:55

I like your description! Seems we are of like mind. The good news is that the company is asset rich and I would guess that 20p seems to be a pretty good base level. I am quite relaxed at these levels. The odd penny move means nothing, its just noise.
I wouldn't sell at 25 or 30p. Maybe 50p if there was a run up on no news, on the basis that I might get them back cheaper.
But on balance probably best to ignore the noise and wait for some announcements that aren't just a load of assay results which underpin the base case but not much else.

[lefrene] 28/6/2018 11:34

A well argued view jerryspaniel. I see it a bit like watching a desirable house being built, where the locals know the builder is going to run out of cash by the time the walls are up and the roofs on. The locals hope it will go to an auction and expect to get it for no more than has been spent on materials and the site. It will only require fitting out and landscaping, the local property market meanwhile is improving. The builder either has to throw in the towel, or find fresh money to finish the job, he puts together a document that demonstrates the future value of a finished house compared to walking away, and does the rounds of financiers. The locals then realise that if they want it, they will have to pay fair price.

SOLG still hinges around Cascabel, there seems nothing added at all for the potential in the other 72 properties. I agree, it will stay at these levels until something happens.

[jerryspaniel] 28/6/2018 10:46

I don't really subscribe to the conspiracy theories. More drill news just doesn't seem to move the price anymore. Presumably all the punters who want to own the stock do so, and any new buyers are being offset by stale bulls, who have given up waiting.
Any substantial uplift will come from a corporate action or from the company having a financed plan to get the product to market. I would prefer the former as it will be quicker, but the latter may create more value, if you don't mind waiting (say) 5 years.
Other large miners are put off buying a stake due to the large blocking interests of management and the holding of Newcrest.
So will probably just bob around 20-25p till something significant happens.

[lefrene] 28/6/2018 09:17

It will continue until the vested interests make a grab, or rather that's what I would expect. In the meantime I presume that NM is working towards a block buster MRE along with a PEA, and a plan to finance extraction. It's only if he is serious about doing that, that any others wishing to own it will have to pay a commercial price and not persuade themselves that they can grab the asset at a paupers auction.

[alwaysevolving] 28/6/2018 00:42

One has to wonder how long it can continue Lefrene?

Seems to have been ongoing for many months now?

[lefrene] 27/6/2018 16:02

And yet again a day with good news looks likely to end up in the red. Don't tell me that the price isn't being worked by vested interests!

[alwaysevolving] 27/6/2018 15:04

One day.....

[mam fach] 27/6/2018 14:21

Hang on just a little bit longer.
One day share price will reflect true value.