Solgold Share Discussion Threads

[dmitribollokov] 21/12/2018 19:48

Excellent company. Wider mkts horrible. All there is to say...

[onedayrodders] 21/12/2018 16:49

it was in reply to mknight's last line

[arcadian] 21/12/2018 13:10

MK

I assume that you bought this for the earthquake not the tremors so relax..

Does anyone understand ODR`s "contribution"?

[onedayrodders] 21/12/2018 11:52

yep .. lovely jubbly

[mknight] 21/12/2018 11:48

Funny really it takes millions of shares to get it up a penny and 200.000 to bring it back down .

[mknight] 21/12/2018 11:46

Good morning

Lots of little sells going through not the breakout I had hopes for .

This time next year we will all be millionaires rodders .

[onedayrodders] 21/12/2018 11:01

happy xmas all .. and you'll be glad to know my new years resolution is not to mention pennants or flags in 2019

[mam fach] 21/12/2018 09:43

Good thing about the options @ 40p & 60p is it raises money without
cost of placing. Mind you of if shares are considered worth buying.
You know what I always say - still time to buy.

[mikalan] 21/12/2018 08:38

Yep, and no point issuing options at 60p if you don't think you're going to get there. That said I suspect non of the directors will be queuing at food banks any time soon.

I'm not a frequent poster, but enjoy this board. It is by far the most civil. Even the odd spats are minor. It is also most informative so thanks to all who post.

Good luck, merry christmas and a very prosperous new year to everyone. Especially if that is due to Solg.

[pob69] 21/12/2018 08:35

Video coverage of $SOLG.L SolGold $SOLG $CGP #ECUADOR by activist investor Livermore Partners 4.29 mins in. Likes the management and asset.

David Neuhauser, managing director at Livermore Partners, discusses the commodities stocks he is increasing his stake in, especially in the gold and energy space

[arcadian] 21/12/2018 08:27

No point in announcing good news before all those options were approved. Any news from now on will benefit those acquiring.

[alwaysevolving] 21/12/2018 07:36

If I’m honest Dmitri that gap on the chart at 21-24p has always concerned me too, however with more than a quarter of the co now owned by two majors who payed between 40 and 45p for the most part for the privilege it would take something catastrophic IMO for that gap to be filled any time soon.

I recall the last gold bull run and it wasn’t just producing gold miners that benefited. Yes, Solg is primarily a copper co and industrial metals would no doubt suffer in a significant down turn however the fact that they are even called Sol Gold and are sitting on effectively what is still a heck of a lot of in ground gold would I believe be enough to have this swept up in the mania of a significant gold bull run.

If the DOW keeps sinking, yes we may float a little lower initially but it’s the gold and PM miners and explorers that will pop back up and outperform the fastest and I think Solg fits that criteria.

Regardless of the wider markets the fact here is that we are pending an announcement on permits that could come any time. This alone could be transformational. We have the PEA report due in Q1 and given NMs recent performance in getting the updated MRE out well ahead of schedule, then the PEA could also surprise the market and come early?

There could well be more positive drilling updates to be reported? Then of course we have the elephants in the room that are BHP and Newcrest who now own over 26% between them. Another move in that game of chess could come at literally any time and it will come (at some point) because let’s face it, They are not about to both stop and call it a day with their current holdings are they? You have to ask yourself why they started accumulating in the first place and the next move by either party or even a third party for that matter could be a full offer for Alpala, Cascabel or even the entire company?

The conclusion I draw is that I believe there is a greater risk of being out and missing a significant upturn in share price than being in and experiencing a significant drop in particular to the gap on the chart level.

Time will tell of course but happy to be significantly invested here.

Good luck all whatever your strategy here and all the best to everyone for a healthy and successful new year in all your ventures.

[dmitribollokov] 20/12/2018 22:34

Thanks - Off filter ;-)

[mknight] 20/12/2018 22:29

Thanks

And a merry Christmas to you and your family

[dmitribollokov] 20/12/2018 22:24

I did, but I unfilter again to see if I was being hasty sometimes.

Happy for your kids btw.

[dmitribollokov] 20/12/2018 22:03

Not wanting to be right all the time but the correct grammar is ‘affectingR17; not ‘effectingR17;. Many struggle with that, as they do the markets.

Have a lovely christmas.

[dmitribollokov] 20/12/2018 21:59

I’m not trying to talk it down, my opinions have absolutely zero effect on the share price. There is a gap at 20ish p that slightly worries me, if it breaks down, then it could be brutal. I don’t think there is any imminent catalyst for this to skyrocket other than breakout on the chart which will be surpressed by the wider market. The PEA will be late jan i think. I might be wrong, but the wider backdrop makes me happy enough to take the chance.

Anyway regardless of SOLG, one has to admit the US mkts have been pretty brutal.

Merry Christmas and good luck all!

[mknight] 20/12/2018 21:58

Alwaysvolving

He will not buy back in because he has to be right all the time . No one is right all the time but it is clearly effecting him that's why he has to degrade the stock at every opportunity.

I think he should just move on and stop posting on this bb .Time will tell if he is right or wrong .

[alwaysevolving] 20/12/2018 21:27

Dimitri, just get back in Mate. It will save you trying to talk it down every day!

Is it worth trying to catch a few pence at the risk of potentially missing the next big gap up on any number of RNSs that could drop at any time?

Good on you if you manage to get back in a bit cheaper but personally I wouldn’t want to be out of this at the moment.

All the best.

[mknight] 20/12/2018 21:14

True 5070481
Bring on the permits so we can fund Alpala with Blanco y nieves.

[5070481] 20/12/2018 20:58

Downturn in China may boost gold but it won't help copper

[mknight] 20/12/2018 20:57

I disagree with Dimitri you only have to look at the US stock market currently down 568 to see gold stocks flying up between 3 to 10 percent .We will imho see SOLG breakout tomorrow.

We can catch up tomorrow at close to see who is right . No need to discuss it tonight.

[dmitribollokov] 20/12/2018 20:49

If you were around during the crisis you will remember how all the PM miners got hosed - CEY, inter alia, was trading at a discount to it’s net cash position. If you weren’t around then, look at the charts of major PM miners and see if initially their perf was better correlated to equity markets or underlying commodity prices, especially wrt junior miners. It is instructive.

All boats float lower in sinking tides - the body of water exploration mining stocks float in is the equity market not the commodity markets...

[dmitribollokov] 20/12/2018 20:45

No - that’s the problem, it’s still a stock - actually primarily a copper stock and more importantly one that is a way off producing...So the stock market has more influence on the price than commodity prices...