Solgold Share Discussion Threads

[lefrene] 18/11/2018 13:31

Well argued ODR, I have been expecting a 'Weimar republic' episode, but it hasn't happened. The unwinding will have to be slow, hence as you say a long bear market looks likely as interest rates move towards a more normal range of 5% to 7%, but what effect will it have on metal prices?

[onedayrodders] 18/11/2018 10:56

onedb1 ... personally I don't believe the market will find a bottom for years as what is unfolding over the pond in "bubble land" is the unwinding of the longest absurd zero to low interest policy period in history.

All that this has served is to pump up an even bigger bubble than the 08 Financial crisis it was supposed to fix. Hence the term kicking the can down the road ... but now that road has come to a dead end as Int Rates are rising.

In 9 years the FED have increased rates from 0 to only 2.25% ... yet the moans and groans from traders alike are growing louder by the day ... reason why is they know the days of easy money and a one way stock market have come to an end.

6 of those 9 years the rate was 0% .. that's when all the debt in the housing market was taken on, now it's in decline and people are struggling to pay their mortgages and equity is vanishing hence no remortgaging anymore to fuel their lifestyles ( sounds familiar right ? will they never fkn learn !) and companies used cheap money to process huge buy backs in their own companies to keep the stock prices inflated ... they can't afford do that anymore. It's payback time.

IMHO We are starting what will be the longest painful bear market in history.
There will still be up days but these will be effectively corrections.
It will be like death by a thousand cuts over a long period and with severe downturns.

But hey wtfdik

[mam fach] 17/11/2018 15:53

Taken far too long to get back to peak of 46p & not there yet.
BUT this is not the time to bail out.
Think we could see upward movement anytime now.

[onedb1] 17/11/2018 15:43

Haha . Sorry lol . Need some humour as price is a bit silly . At least if am right . I'd expect this general market malaise to find a bottom soon . When media turns flat out bearish it's usually a good signal to go long again . Viceversa is true too . Peak media hysteria of bullish views coincided with peak market . Now Buffet bought loads of bank stocks this week. He seems not to be too bothered . Whilst I read that BHP buy may not be immense vs their market cap it's not even pocket money that they throw away . Solgold is a huge asset and the message is clear . It's not selling to any major firm in size for less than well above 45p. It's a no brainer . The assets are there . It's not fiction . Time will tell and I don't have to sell a position well in the money . But could add

[shakester2] 17/11/2018 12:19

Some large late reported trades

[onedayrodders] 17/11/2018 09:05

No comment

[lefrene] 16/11/2018 12:56

onedb1, now you've done it, ODR will be along shortly to lament his 'pennant' comment again!

[onedb1] 16/11/2018 12:15

At least gap well and truly closed . Rebound from here .

[mam fach] 16/11/2018 12:13

More talk on lse.
Think we are the faithful band of followers of NM.
Fortunately that's more than Theresa May has.

[lefrene] 16/11/2018 12:00

The end game is that some entity will either buy the whole thing or Cascabel/Alpala, it's just the price we are waiting for, in the meantime it just gets gamed like everything else in the market. I wouldn't want to short it with the perpetual possibility of a buy out hanging over it.

[mam fach] 15/11/2018 22:38

Hope that isn't true.
But then we should be prepared for some disappointments on the way.
Loads of excellent news hasn't managed to raise price as we hoped.

[mknight] 15/11/2018 20:59

Its hole 64.

The company pumped it up but has produced very little .

[mam fach] 15/11/2018 20:09

Back to that red herring retracing to mid 20s.
I sound like a stuck record-
A buying opportunity.
Sorry I can't participate in another top up.
Only time will where share price is heading.

[zeusfurla] 15/11/2018 19:31

Whether we meet MRE x2 in December or not, the value is still there, capex has already been estimated by Hannam and mentioned in SOLG presentations. This is all short-term nonsense. I still think a bid is on the cards early 2019. No panic here.

[leopoldalcox] 15/11/2018 18:58

Too much was made of the bhp stake increase. 1. They should pay a premium to ensure value to Pis.2. Bhp putting 45m into this is the equivalent of me putting a fiver on at the bookies. It's not a major indication of faith.3. We know that the resource looks world class, but there is no proper cost projection for the highly risky block cave mining techniqueI'm not invested, but would like to be, despite the above. However, I can see this retracing to high 20s over the next 12-24 months unless there is some major news

[arcadian] 15/11/2018 18:56

Having commented on the fretting over the share price I have been reluctant to comment but it would be sensible for anyone intending to make bid, to arrange by whatever means for the share price to remain steady or fall. If it were me I would encourage sellers and arrange for the shares to be bought by a friend. I might even lend my existing shares so that the borrower could short sell. On a day when most miners gold metals etc rose, it just seems odd the SOLG fell 5%
.
Paranoia is a terrible affliction but I hope that they are out to get us.

PS
with Sterling falling any $ bid would be worth more in £

[kyoquot] 15/11/2018 18:27

Wouldn't be surprised if you get "another buying opportunity" in the twenty's mam fach.

[kyoquot] 15/11/2018 18:18

"I don't believe it !!!!!
Got to be shenanigans."

I guess those high grade drill results were a real nail in the coffin for the share price.

[mam fach] 15/11/2018 17:13

I don't believe it !!!!!
Got to be shenanigans.

[5070481] 15/11/2018 15:26

MRE is being released sometime in December. That is the next potential demand source for shares. Until then why would people buy? So supply is now greater than demand and price drops. Also easy conditions for shorters to have a bit of fun with the technical levels

[mikalan] 15/11/2018 14:44

1.6m Shares, hardly a stampede for the door.

[mknight] 15/11/2018 14:36

Panic

Doubts about NM x2

[onedayrodders] 15/11/2018 13:55

apologies for that outburst