Solgold Share Discussion Threads

[pecker1] 29/10/2018 11:36

Would have expected a bit of a lift this morning as the 28p option overhang has gone.

[mam fach] 29/10/2018 08:32

Options been holding back share price.
We'll have to wait and see if we can regain some ground from here.
Employees have better idea of prospects than us.
Hopefully on wards and upwards.

[goldrush] 29/10/2018 07:42

All

RNS ....as we knew with the movement in the share price the Options have now been dealt with/some sold and 20 million taken up resulting in another £5.6 m in the bank.....I would hope the staff members etc have now got a free carry on those and have kept them

[onedayrodders] 26/10/2018 16:00

Nice bounce considering Mr reality is catching up with the head fake DOW over the pond as we speak.

[pecker1] 26/10/2018 11:37

zeusfuria,

I was expecting NM to do an RNS or two to help the options along but then came the BHP stunner. If that isn't enough to get people including employees to hang on to their shares, I don't know what is! Yes to important news next week and the options overhang will have cleared.

[alwaysevolving] 26/10/2018 11:34

Mikalan, I understand what you are saying and agree that I can’t see BHP at least being happy with a sub 13% holding but the fact is BHP are effectively unable to increase their % holding (without express permission from Solg) for the next two years as per the agreement signed on their last purchase.

So if BHP can’t increase and Newcrest “say” they don’t currently wish to?? This was my point.

That being said there is nothing to stop BHP making a full offer at any time and I still personally believe this is what they may well do?

We also have the updated MRE to look forward to in December which I think is going to be a buster and well over the stated ‘doubling̵7;. Just my opinion. However share price could languish between now and then if no new news?

Would be nice to get something unexpected out of left field like a serious 3rd party interest. One can day dream!

[mirabeau] 26/10/2018 11:25

people are confusing SOLG WITH ENSA

BHP and NCM hold equity stakes in SOLG. That gives them an indirect stake in ENSA but for miners like these two they want legal and operational ownership of ENSA and therefore Cascabel. Owning shares in SOLG does not give them control and for BHP and NCM is almost pointless

BHP and(or) NCM will have to at some point buy ENSA from SOLG. if they don't then buying an equity stake in SOLG is utterly irrelevant and their status is little better than Blackrock or indeed me and you

[mikalan] 26/10/2018 11:14

Agree re sentiment on Newcrest comment Alwaysevolving, however they would say that wouldn't they!? and despite what they say, I find it hard to believe that either or both of them will be happy to sit on 10-15% each for ever. They don't work like that.

[pecker1] 26/10/2018 11:08

mam fach,

As you say yourself, this is a buying opportunity presented to us on a plate by holders of the 28p options which will expire worthless after 29 October if they fail to exercise them.So far the volumes look as though the employees are holding on to as many shares as they can while selling some to finance a partial or free carry.

[mam fach] 26/10/2018 10:52

My thoughts exactly.
Thanks for other posters thoughts and opinions.
Hoping this doesn't get taken over.
Would like Solg to keep share of company.

[alwaysevolving] 26/10/2018 10:33

What Newcrest have said has effectively removed the possibility of any imminent “bidding war” for Solg between BHP and Newcrest. I believe this will have disappointed many holders and contributed to some selling?

The fact that very shortly after BHPs first buy in, Newcrest had stated after being questioned on their thoughts at BHP buying in, that they were “Happy with their lot” in Solg. That statement (posted on here at the time) did have me concerned that Newcrest might be rather more laid back than some of us thought? I wasn’t concerned enough to sell at 44p though LOL!

Certainly looks like that gaps going to get closed Lefrene sadly.

[pob69] 26/10/2018 10:18

If you are an investor rather than trader just keep your nerve. The Alpala high grade core isn't going anywhere. Short term noise and low volumes play into professional hands.

The time to buy is when fear is high.

Are any of the major shareholders selling (position at 23/10/18)?

Newcrest International Pty Ltd 246,634,271 13.58%
DGR Global Ltd 204,151,800 11.24%
Cornerstone Capital Resources 170,156,414 9.37%
Tenstar Trading Limited 118,788,062 6.54%
BlackRock, Inc 109,972,123 6.05%
BHP Billiton Holdings Ltd 203,125,000 11.18%

[5070481] 26/10/2018 10:07

Have a look at the price action adter Newcrest bought in June 2017. THat was the peak for a considerable time. THe big guys are forced to pay higher prices for the influence they wish to obtain on future operational decisions. In teresting though that there are now 2 big hitters on board. Would have been good if Newcrest hadnt come out and said there is plenty for both of them

[mam fach] 26/10/2018 10:06

Can't understand all this selling.
News just gets better and better.
Is it that holders wanted an outright takeover
or are stop losses being triggered ?

[banksy] 26/10/2018 09:59

Bhp last quarter 200 million loss proving stimulus for drop

[onedb1] 26/10/2018 09:57

Insane !! Plus the gap was a breakaway gap so not the type that closes . 45p paid by BHP yet we have fallen to 36 . To me that is private investor paranoia at its best . Who sells at these levels ? Lol . Not me

[5070481] 26/10/2018 09:37

Yep. I imagine there will be a fair few orders in for the gap fill. ONce a target is in sight shorters tend to find it pretty easy to get the price there.

[lefrene] 26/10/2018 09:26

The 'gap' beckons by the look of it.

[pob69] 26/10/2018 08:24

Comments from the Fool $SOLG.L $CGP $SOLG #ECUADOR



More glitter
Gold miners tend not to excite me too much, but I can’t help but notice a recent share price spike at SolGold (LSE: SOLG). After a big slump in 2017, the price has soared by nearly 90% in less than two months.

Part of the boost comes from confidence in the firm shown by BHP Billiton which, this month, subscribed for 100 million new shares in SolGold at 45p apiece, to raise £45m for the company.

There are a number of conditions attached to protect BHP’s interest, including the right to appoint a director to the SolGold board. To me, it all adds up to a step forward in governance and a lowering of the risk for private investors.

[yufff] 26/10/2018 08:20

Mirabeau

Great stuff!

Good find well done.