Solgold Share Discussion Threads

[mam fach] 13/9/2018 09:53

Glad to bring a laugh to proceedings.
Three score years and ten is what we are promised.
Feels like i've been holding on to SOLG that long.

[kyoquot] 13/9/2018 09:47

Only messing about - was tempted to sell some earlier in the week, for a trade.

[jerryspaniel] 13/9/2018 09:44

Whilst not really wanting to digress, PMO was baled out by the oil price. It would be bust if oil had stayed in the 20s. It was a levered play on crude. SOLG doesn't need any help from commodity prices, especially as it won't be selling anything for years. FWIW I have bought some more in this pull back and now own a very meaningful position. On a risk weighted basis probably my biggest, but as its the biggest opportunity that's ok.

[tidy 2] 13/9/2018 09:33

Check out the largest Major shareholder now here. Newmont. hTTp://www.orosur.ca/investor-center/shareholder-information

[kyoquot] 13/9/2018 09:11

Watch your fingers

[mikalan] 13/9/2018 09:06

Think I'll give BHP a call, offer them my shares for a quid.

[mknight] 13/9/2018 06:58

Fill the gap . Buy more reach a pound.

[gersemi] 12/9/2018 20:34

-

Solgold - at 4.03m - a 'consolidation stock'

[gersemi] 12/9/2018 18:26

'I'm nearly too old to hang on much longer'!! PMSL

Love it

not too old but 'nearly too old'. 'Hang on much longer'...that's so funny fella..

I was in Mariana when the price was all over the shop with rumours of a takeover. With SOLG, I've always held a core holding and traded around the edges but with BHP now showing their hand I now feel I can add whenever the price retreats knowing that in the background BHP is manoeuvring its forces for a full assault. Time and patience is all that is needed here

[mam fach] 12/9/2018 18:20

We know this, NM knows its, BHP know it.
Fed up of saying the same thing.
Will someone just give us nudge in right direction, please.
I'm nearly too old to hang on much longer.

[onedayrodders] 12/9/2018 16:46

indeed lefrene


:O)

[lefrene] 12/9/2018 16:42

You mean stop partying in the jungle and get on drilling a few more holes pronto! Yeah if only! :¬)

Like many others here I'm convinced this thing is just too big to go for peanuts, but at the same time these things grind slowly unless there is a major shift of some kind. ie Trump does a deal with the Chinese resulting in confidence returning to metals markets. Should copper and gold resume an upwards course there would be a swifter desire to secure long term resources, and Cascabel has to be one of the longest of the long term prospects in the world. Buy it and you are in business for 70 to 100 years, perhaps more? £5 billion it's good value, £3 billion it's an absolute steal. NM knows this, he ain't going to give it away. Reassuring having somebody at the helm who is not just a plain hireling who could be 'bought' by a predator, NM is his own man, and thus very valuable to shareholders here.

[alwaysevolving] 12/9/2018 16:30

Can you have a word with them Lefrene? Ask them to get a jog on!

[lefrene] 12/9/2018 15:59

Bound to be a bit of a pull back Rodders, but can you time it perfectly? Can we just have the 200p BHP bid now please, and save all the hanging about! :¬)

[onedayrodders] 12/9/2018 15:48

SP hesitating a bit here.

Top up money ready.

[gersemi] 12/9/2018 09:59

BHP don't play silly games like that. They want a large presence in Ecuador (the last great frontier of copper exploration) and to do that they're gonna need to buy SOLG. Don't forget that SOLG also has other large tenements in Ecuador. Their foot-print is wide -

BHP have been following SOLG for 2 or more years now so they know what's what. They're not acting blind

[alwaysevolving] 12/9/2018 09:47

I just hope BHP don't try any dirty tricks like dumping that 6% onto the open market and then letting the world know they are selling down their Solg holding which would invariably crash the price back below 20p with a plan to then take us out for a song?

Just me thinking of all possible outcomes and I'm probably way off the mark here or at least I hope I am! but would be interested in any other views on this or if indeed it's even a possibility as I'm no expert?

[noccer] 12/9/2018 09:28

I have been wondering why no updated resource estimates during the year - maybe they are hanging on until they can double the resource, as I suspect it must be heading in that direction.

[mam fach] 12/9/2018 08:37

Doubt there will be action before Christmas.
Would rather think we are waiting for NM to show his hand rather than BHP.
This is what is holding price back- uncertainty.
We can't go it alone.But what option do we choose?
Be quite happy to be proved wrong and see £1 before Christmas.

[whites123] 12/9/2018 08:12

Nice postings Gersemi.

And it is something that holders have known for a what seems like a long long time.

Traders will be in, out and shaking it all about.

Chartists will be proclaiming they see an Inverted "W" (Why they cant call it an "M" I dont know). That the lines predict a T cup, and that the "Jammy Dodger" suggests a rise then a fall.

Those os us with our feet on the ground and not swayed by belief in magic fairies know that with a great asset and the worlds biggest miners hovering that a bidding war is very likely as BHP are not a small fry investment house.

The share price hasn't reacted as one would maybe expect, but truth be told, there are likely more "Traders" (Those who believe they are doing it wrong if they are not buying and selling daily) than there are those who are prepared to invest and sit back and hold until fuller maturity is delivered.

Any chartists want to tell us where the price will end today? No? Thought not.

[alwaysevolving] 11/9/2018 23:15

Gersemi,

Agree, it’s pretty much nailed on that BHP are going to be wanting way more than 6% one way or another? Just a matter of time before the share price reflects that, and if Newcrest or anybody else for that matter decide they want it more than BHP then things could get very interesting to say the least. An imminent sensible straight out offer would be the preferred outcome IMO right now and see what that brings out of the woodwork?

Coincidentally, I’m holding pretty much exactly the same number of shares as yourself. I do hope you are right and this all comes good this side of the new year.

Buckle up.....

Good luck all LT holders.