Solgold Share Discussion Threads

[mikalan] 21/9/2018 14:00

Still miles back from highs. Big upside still.

[maturo] 21/9/2018 13:36

what a change for the last month, looking forward to double soon

[mam fach] 21/9/2018 13:32

Wonder what will happen when market opens in Toronto.
In about an hour I think.

[mam fach] 21/9/2018 13:25

Retrace to 20p - in your dreams.
Get in now or be left behind.
Well done all who have held on.
Are about to get your just rewards.

[jerryspaniel] 21/9/2018 13:21

Hi yufff. I get that, but was someone really trying to buy at 36? All the other stuff I own doesn't go inverted at noon.
Anyhow onwards and upwards and don't forget that NM is speaking later today.

[yufff] 21/9/2018 13:07

Jerry
Everyday at 12pm there is a mini auction
Priced at this time look like it's in auction but it's not.

At 12.02 you will see a trade every day marked UT.

This is the uncrossing trade that signifies the auction has completed.

[wisteria2] 21/9/2018 13:01

What if BHP are buying now! that surely would push the price up ....ditto

[shakester2] 21/9/2018 12:57

A point reiterated by NM in his presentation is that the easy stuff could fund the bigger stuff. This essentially means they really could go it alone, something most small caps can not do. So in the event of an attempted t/o SOLG would be in an unusual and extremely strong position

[whites123] 21/9/2018 12:50

Jerry:

:-) Trading range broken... :-)

This post of yours does IMO sum up neatly what I also suspect is happening.

"Given that BHP haven't been buying in the market (they would have had to notify LSE), I am assuming that they are talking to the other large s/holders now. If they don't get anywhere with them, maybe a call to NM. Might get a board seat for 15%. Newcrest did."

BHP have not been open market buyers.. If they were to try and buy that amount (6%) open market I reckon we could be assured we would be nearer £1.00 per share as every man and his dog started with the "Somethings up" mantra.

BHP do not act like PI's, where they are in a rush through fear of missing the boat.
They will want an organised seat on the board, and with a holding now they have got the ear and attention of NM. They have also alerted Newcrest. For the time being it all looks very amicable. The cheapness of the BHP first stake is essentially a freebie, "Good to have you onboard" when you consider the actual numbers likely to be involved..

I do think you have hit the nail on the head with your analogy..
Of course chartists will tell you its nothing to do with that.. :-)
They will tell you its because the rising uphill "W" stroke has now crossed the downward slope of the inverted "M".. and once this line crosses the upwad "Y" we can expect a retrace to 20p.. :-) :-)

[brahmsnliszt] 21/9/2018 12:42

what a week.

nice orderly rise with volume.... if one can say 15 pct or so in a week is orderly

[jlondon] 21/9/2018 12:20

A few minutes ago, I saw 36p to sell. When I refresh the page, I can see the 36p. Interesting. 12:19 noon, Fri, 21 Sep 2018.

[jerryspaniel] 21/9/2018 12:07

Agree something is up. My screen just flashed that it was 36/34. May have been fat finger but that often happens in mkt hours when something is imminent.

[mam fach] 21/9/2018 11:56

BHP got first tranche @ 25-26p.
Next ones will cost more.
Agree someone knows something.
Back to the good old days.

[lefrene] 21/9/2018 11:51

For the price to be moving up like this one can only suppose that something is leaking.

BHP a while back tried to muscle in on the cheap, I suspect they will try another go at the velvet gloved iron fist? Or will they try a soft approach? At least NM knows the game inside out, and presumably has a plan.

[jerryspaniel] 21/9/2018 11:37

Given that BHP haven't been buying in the market (they would have had to notify LSE), I am assuming that they are talking to the other large s/holders now. If they don't get anywhere with them, maybe a call to NM. Might get a board seat for 15%. Newcrest did.

[alwaysevolving] 21/9/2018 11:29

Anyone care to share their opinion of what BHPs next move might be while we sit and watch the ascending SP? (which makes a lovely change!)

To me, it’s obvious they (BHP) want more than the 6% they have and let’s face it, realistically they probably want the lot or at the very least a controlling interest?

I’m certainly no expert in big business and I’m hoping someone on here who is more so can give me some of the reasons, however logic dictates they will want in as cheaply as possible. So why wait and watch the share price return/surpass all time highs and possibly beyond? Why not strike sooner than later and potentially get a better deal?

An offer of say (just as an example) £1.50/£2 now while the share price is 30p is going to be far more appealing to Solg and it’s shareholders than the same offer made down the road after more resources proved up etc and the same offer is made with the share price at potentially £1+

Any musings/opinions appreciated.

[lefrene] 21/9/2018 11:25

Ahem, Newcrest at 41p a mug punter? :¬)

[mam fach] 21/9/2018 10:53

Steady rise is better.
Do you remember manic days when price shot up sucking in mug punters
only to leave them holding @ 30p only to see price crash.
This time it's much more civilised.

[lefrene] 21/9/2018 10:52

mikalan, anything is only worth what somebody else with the money is willing to pay for it. But we are seeing huge reserves just in Alpala, extrapolate across Cascabel, and then throw in just 10% of the other prospects as being similar, and there is very likely $1 trillion of potential metal available to Solg. It's my view that any big hitter who bought out Solg would have a stunning bargain at $5 billion, since they would have resource available for well over a century.

But of course we are all the little guys, we trust that NM will do his best to get a decent price. It's a matter of how hungry are the big miners, who else has resource to sell. But as always, good to see the price here begin to creep North.

[jerryspaniel] 21/9/2018 10:42

Dare I risk the wrath of Mr/Ms White by saying that its broken out of its long term trading range!!!! Oops too late...

[7rademark] 21/9/2018 10:18

Iv had a rec. So I'm in.

[mikalan] 21/9/2018 10:16

If Lefrene's 5 billion valuation is correct there is plenty of time to buy.

[mam fach] 21/9/2018 10:12

Next RNS will be cruicial.
All the excellent RNS's we've had lately and they have failed to shift share price.
Something else is bringing buyers in.
Still not too late to buy.

[simon_carter] 21/9/2018 09:48

Great to see consistent volume coming through

[lefrene] 20/9/2018 15:10

Good to see the price move up on decent volume.