Solgold Share Discussion Threads

[onedayrodders] 20/8/2018 13:49

It seems we need all these positive RNS's just to stand still

[mam fach] 20/8/2018 13:42

Resources getting bigger and bigger.
But it doesn't please the market.
They want confirmation of how NM intends to progress.
That's the bottom line.

[robizm] 20/8/2018 12:51

I am not rude post grad in Usa economics who happens to know the rot in usa manufacturing started with the japenese. Read some economic books it is there in black and white. same as uk with Japs and korea (south) is where a lot of heavy industry jobs went.

[lefrene] 20/8/2018 12:02

Bring on the MRE and the cost of extraction analysis, then we might see some of the wall flowers get on their feet. Perhaps another 6 months before anyone makes a move? Perhaps metal prices will pick up over the period too.

[onedayrodders] 20/8/2018 11:17

Doesn't look as though the market is going to move us anywhere soon.

bring on the bids

[lefrene] 20/8/2018 10:16

ODR, loads more and at better grades and even the price of gold has nudged up a tad this morning, but the market is not impressed!

Robizm, you plainly wish to be gratuitously rude, but Oh look, here's the 'ignore' button!

[onedayrodders] 20/8/2018 09:54

Mountains and mountains of the stuff and still growing

[husbod] 20/8/2018 09:50

Lefrene - entirely agree about Obama versus the Donald.Had this share on my watch list for some time followed it being mentioned on the ATYM bb. Seems to me that there are huge similarities between the two companies save that ATYM are now in production and their share price has reacted accordingly. I bought that share several years too early and reckon this one will follow the same pattern unless of course one of the big boys tries to snap it up. Happy therefore to sit and watch for the time being whilst it hovers around the low/mid twenties.Incidentally, will they need to raise significant funding between now and production - apologies I haven't done a lot of research yet.

[robizm] 20/8/2018 07:38

Another amazing RNS so we may go under 20p today

[robizm] 18/8/2018 09:01

Lefrene you are deluded if you think the offshoring of usa manufacturing started in 2008. Just like the uk it started last century along with white collar jobs to the phillipines india etc.

[lefrene] 17/8/2018 11:47

Robizm, Obama was in power for 8 whole years whilst the trade imbalance just kept racking up, while unemployment rose and industrial dereliction took hold across the USA. The 'blue collar' workers of the USA pretty much abandoned as production of a lot of branded American goods shifted to China. When you have a trade imbalance of circa $500 billion, then somebody is paying for it, but evidently not the people on Capitol Hill.

[pob69] 17/8/2018 08:22

Not price sensitive but one for the diary and it is gratifying to see $SOLG #ecuador listed with such esteemed company;

“This year’s exhibition is 70 per cent larger than 2017 and will feature over 200 leading companies such as BHP, Sandvik, Rio Tinto, Dassault Systèmes, Mercedes Benz, Scania, SolGold and Thiess who will be showcasing the latest mining projects, innovations, technology and equipment both big and small,” said Anita Richards, IMARC event director.

[robizm] 17/8/2018 08:06

Lefrene what did Obama allow China to get aeay with? Trade terms have not changed for years. China has managed its currency to suit its self and thus undercut most competitors but it has done that long before Obama was even elected.

[lefrene] 16/8/2018 22:16

I'm seeing it to the bitter end Mrpiggy. Trump is an odd ball, but above all he is a deal maker, the Chinese and others know full well that they have been getting a free ride from the likes of Obama and consequently have very little respect for the USA or indeed for the West in general. Trump knows that both parties need to trade as indeed the Chinese also know they will be better off continuing to trade. Trump will get a better deal, there will be some device to allow the Chinese to save 'face', trade will carry on and the Chinese will have a bit more respect for the USA. Metal prices will pick up again once the fuss is over.

[mrpiggy] 16/8/2018 18:29

Keep the faith lefrene, the Yank with the weird hair cut has caused bad sentiment in the mining sector with trade war worries and caused much shorting in the copper market. This will shortly reverse as will the fall in the fortunes of SOLG. Great post once again pob69.

[pob69] 16/8/2018 17:41

Splendid newsletter article from Chris Temple of the The National Investor reviewing this week's Cascabel release from $SOLG $CGP #ecuador

Summmary (and don't let short term price movements freak you out....)

As the first of potentially several development targets take greater shape at the huge overall Cascabel camp, this week's blowout numbers tell us a few things:

* That with all three of these holes being North of that key 1% Copper Equivalent threshold over the entirety of the long intercepts reported--with some truly staggering grades over smaller but not insignificant parts of them--it's more compelling than ever that the Alpala cluster, though deep, is of sufficient size and grade to be economically produced.
* With the dramatic ramp-up in drilling this year by SolGold leading to these (and other) new intercepts, a coming upgrade to the maiden resource estimate put out back on January 3 could be far more substantial than many have thought likely. That may be especially true for the so-called "high grade core" which is clearly being
added to.
* All this in turn, once a new estimate is released (I believe prior to year-end) is likely to substantially ramp up the talk of a potential takeout of Cascabel in one fashion or another.

[lefrene] 16/8/2018 14:55

Only 21p, it might as well go to 20p! never mind all the extra copper and gold found since the last 20p visit, and the other 72 properties count for nowt at all.

[alwaysevolving] 16/8/2018 13:18

Looks like it’s going back to 21 AGAIN! This is getting frustrating.

[mikalan] 16/8/2018 10:29

So, at the time of writing about 1m shares traded representing approximately 0.06% of the shares. Yet we are down getting on for 4%. Guess that's how the money is made.

[lefrene] 15/8/2018 16:02

Current price action in copper seems to make a nonsense of the dire warnings of a looming shortage of the metal. Perhaps a good time for end users to start locking in current prices by buying forward? But then it might get cheaper still before Trump softens his trade war a little.

[pob69] 14/8/2018 17:08

New Cornerstone AGM presentation #ecuador notes "MRE to be updated later this year" and "Initial drilling at Aguiñaga confirms the potential for a second and near surface porphyry deposit. 5 targets to be drill-tested by an initial 7 drill hole program within a surface area of 1.5km2"

[lefrene] 14/8/2018 11:41

They have to do a cost analysis to have the full bankable package. There are very few who can act off their own initiative, thus in order to keep their jobs safe the decision makers will need to have boxes ticked. So an MRE and cost analysis are required, then the bean counters have something to point at to confirm the sagacity of their decisions. A confident player owner/operator type could make a swift decision, a bunch of corporate employee's will be rather more circumspect. Regardless of all that, what we want is several bidders appearing at once and fighting over it :¬)

[chavitravi2] 14/8/2018 09:59

Agreed in every aspect, but I do think they should choose to stop spending money now, they have proved up enough to satisfy anyone. Like you say, sit back and await offers.

[lefrene] 14/8/2018 09:22

Fortunately chavitravi2 the 'buried treasure' is actually very useful and gets consumed by industry in ever increasing quantities, and it is known that many of the current suppliers are operating at marginal profit as they work out old mines. There are entities out there that need new sites of the scale of Cascabel as their existing low grade sites become uneconomical. The stand off is over whether these miners need a new site more badly than Solg needs fresh cash. Solg has the whip hand, it has the copper in the ground, and proves up more by the day. If Solg chooses it can pause, stop spending money and simply wait, the copper/gold isn't going anywhere.