Solgold Share Discussion Threads

[mam fach] 27/9/2018 09:16

Thought update was expected in September ?

[jerryspaniel] 27/9/2018 08:54

Hi mwv1. Thanks for the clarification. I have watched the webcast again and I note that hole 64 is briefly mentioned. However a lot of what you say is not, so are you inferring the other stuff like depth, location, extension and 5% cu?
If so, if you don't mind me asking, are you qualified to make such pronouncements?

[7rademark] 27/9/2018 08:18

Can't buy online again. I wonder if our 1m buyer is in for more today. This is getting really interesting.

[goldrush] 27/9/2018 08:14

mmv1

Your Post 13,196 above ....smashing post as this is the beauty of Bb’s.

I had missed the significance of Hole 64 .....Incredible

Also thanks to pob69 another great post by the Angry Geologist !!

g

[pob69] 27/9/2018 08:06

There you go for those who follow AG... Angry Geologist has upgraded her Alpala figures in light of some of the comments following her previous article. $SOLG $GCP #ecuador

[mwv1] 27/9/2018 06:14

Last Fridays one.

[jerryspaniel] 27/9/2018 00:19

Thanks mwv1. Is this last Fridays presentation or this Mondays? (Maybe both). I cant see Mondays till tomorrow evening. Are you seeing it now?

[mwv1] 26/9/2018 23:39

The most exciting thing about the last presentation was Nicks mention of hole 64. It is potentially the deep root of the system.
The slide and his comment show it is bornite rich and so also gold rich. They also show a diameter of 150m around the drill hole at above 1.5% cu equiv. This suggests that by inspection of the core they have assessed over 300m in length at above 1.5% cu equiv (still waiting on analysis but will have been fast tracked).
This is huge as it is over 200m north of the rest of the high grade core so will be a huge expansion of the high grade core.
Is it a coincidence that BHPs investment came just when this core will have come out of the ground - probably but it will have made the decision to invest easy for them.
Over the next couple of weeks the assay will come back for this core in a huge RNS and I expect sections over 5% cu equiv.

This will be what jumps us through 40p and beyond.

See pg 21 for the brand new circle of resource round hole 64 and pg 25 for the pic of the deep (over 2100m) core with black bornite spots.

Nick couldn't help but mention hole 64 (to big not to), and also said that the track mounted drills could go down to 2800m 'if required'.

They have found the root of the core and are going after bonanza grades that come with it.

Any geologists out there will see what it is. The excitement from the next RNS will be huge.

As ever all imho.

[mam fach] 26/9/2018 16:34

Someone is playing games with us.

[onedayrodders] 26/9/2018 16:31

Hope it was but offer is now below that so not so sure

[7rademark] 26/9/2018 15:51

I'd suggest the 1m is a buy and that's the reason the share price spiked earlier, takes time to fill an order of that size, someone is keen.

[yufff] 26/9/2018 15:45

It was a buy no doubt about it

[trev1223] 26/9/2018 15:27

There was a million sell at 14:17

[zeusfurla] 26/9/2018 15:19

Looks more like a sell at that price but why no movement in sp?

[mam fach] 26/9/2018 15:03

Don't remember seeing trade that big.
Hope it was a buy.

[shakester2] 26/9/2018 14:37

Was that a 1million buy?

[jerryspaniel] 26/9/2018 14:05

Whereas our clown of a chancellor (later to be idiot PM) sold ours at the bottom of the market....

[goldrush] 26/9/2018 14:02

Guys

Just refreshing myself with info on Share Options again

Last ones for NM 27 million, 10 million for directors and 10 million for the 2 geologists were at 60p

This year Senior Employees were granted 21 million shares at 40p

So a long way to go before they are in the money.....Note they can be exercised on takeover !!

[tidy 2] 26/9/2018 14:00

Are Central Banks Buying More Gold In Anticipation Of Shift In Global Economic Power?Simon EdmundsNews10:08, 26th September 2018Central banks upped their gold reserves at the biggest rate in three years in the first half of 2018.In the first six months of 2018, central banks added a net total of 193.3 tonnes of gold to their reserves - an 8% increase compared to the previous year, and the strongest H1 of buying since 2015.This was driven by three main buyers - Russia, Turkey and Kazakhstan - who accounted for 86% of central bank gold purchases - Russia buying 383.3 tonnes, Turkey 125.8t, and Kazakhstan 125.8t.However new countries also got involved, with Indonesia, the Philippines, Thailand, and India buying gold after a period of absence, the latter for the first time since 1978.This is according to a new report from the World Gold Council on H1 central bank gold buying trends.The IMF says central banks now hold 10% of global FX reserves ($1.36tn) and accounted for 10% of demand in the first half of the year.vox marketsWhat is driving gold demand?One of the main reasons why central banks have upped their gold buying in 2018 is diversification.The WGC argues that central banks in emerging markets want to use gold as a hedge against the US dollar and the renminbi, as well as currencies like the euro that face political and economic challenges.The World Gold Council said: "Against the backdrop of persistent low and negative bond yields and limited high-quality investment options, it makes sense for central banks to turn to gold as means to increase portfolio diversification."But it's not just currency risk these central banks are hedging. In an environment of heightened geopolitical tensions, gold is an attractive asset because it is not anyone else's liability and does not carry any counterparty risk."Another reason central banks in emerging markets are buying gold could be to maintain a certain allocation level, as global gold reserves increase.A third driver mentioned in the report is that some central banks are upping their gold levels because it enables them to "actively manage their liquidity or boost returns" through leases, swaps and other transactions.Both Hungary and Argentina use their gold reserves for these purposes in order to meet short-term needs.Listen to our podcast on why gold could be very undervalued below:

[mam fach] 26/9/2018 12:34

Pure luck.

[onedb1] 26/9/2018 12:01

Wow ! What a buy that was . Well done .

[mam fach] 26/9/2018 11:56

Scarey.
That is worrying considering I was brave enough to
buy in placing @ 3p.
Let's hope we live to see the many times current price as promised.
Holding you to it NM.

[lefrene] 26/9/2018 11:11

The news gets ever closer and maybe BHP are doing some door knocking?

[zeusfurla] 26/9/2018 11:06

Or our buyer from Monday is back after a day off yesterday.

[mam fach] 26/9/2018 10:51

Simple.News on the way.