Solgold Share Discussion Threads

[mikalan] 30/5/2019 08:45

Got to be more than the court case, unless the market knows the outcome already!

[lefrene] 30/5/2019 08:42

The "reason" has to be that court case, perhaps some only learnt about yesterday evening and have consequently placed sells first thing?

[onedayrodders] 30/5/2019 08:40

Could be technically sellers as there was nothing but thin air below 35p which was my worry and reason I sold yesterday.Regardless a drop like this over the last few weeks surely requires an RNS even if its to say 'we know of no reason...... blah blah

[alwaysevolving] 30/5/2019 08:37

One wonders just how much value the company are happy to see wiped off the market cap before they consider making a statement to shareholders and the market?!

No doubt Cornerstone shareholders will be gagging to swap their shares for SOLGs watching this action play out!

Seriously. What are SOLG management playing at?

[5070481] 30/5/2019 08:35

A lucky escape for a few here. At least everyone seemed to have reduced their holdings. HAving a huge find is meanigless unless you figure out how to get it out of the ground. Look at all the oil in the Falklands. Everyone knows its there but it isnt economical to get it out yet. Companies spike on discovery and then most fall back on how to finance the projects. Its the natire of investing in mining stocks. The ones that then have good project economics then get to go flying high again.

I dont like Gary1's tone in rejoicing at othrer peoples loss but likewise it always pays to keep a critical view on any managemernt chat. Management motivation is always to themselves before shareholders. TO believe any different is daft. THey say whatever they can to help fundraise adn pay their own wages first and then if it can also be good for shareholders than thats a bonus. Its why it is always interesting to see who buys shares with their own money.

[mam fach] 30/5/2019 08:34

Shocking. Think this was one of my worst fears.
Political blackmail.

[lefrene] 30/5/2019 08:29

Who or what is driving this?

[alwaysevolving] 30/5/2019 08:28

Apparently not?

[lefrene] 30/5/2019 08:25

So the biggest gold/copper find in decades isn't wanted any more?

[mikalan] 30/5/2019 08:17

Risk v Reward is stacked on the risk side at the moment. Get the timing right and could get very well rewarded.

[mknight] 30/5/2019 08:14

It looks like the share price will drop more . There is no appetite for shares .

[mam fach] 30/5/2019 08:13

I can't say it !
Looks like they want share price to be lower?

[mikalan] 30/5/2019 08:08

Interesting that there is no comment from SOLG on the RNS. The other regional updates did.

[pob69] 30/5/2019 07:57

Bigger picture indepth article on #ecuador with a quote from Andrew Taunton Solgold Vice-president $SOLG $SOLG.L $CGP and others

"...Others argue that regardless of whether Moreno should be taken seriously, Ecuador, with its $51 billion national debt—representing almost half of the country’s economy, with only a decade to repay much of it—isn’t going to recover quickly.

Still, there’s a fair amount of optimism. Andrew Taunton, vice president for Ecuador Subsidiaries at Solgold, says newly identified copper deposits will go a long way in wiping out the country’s public debt."

[mknight] 30/5/2019 07:56

Maybe NM has lost the plot .

Shareholders needed to be assured that everything is good with Alpala and that the CC is just the press going over board as usual .

Instead he comes up with a regional update and not one of the best either .

Lets see what the markets makes of it .

[excellance] 30/5/2019 00:31

well, its on the cliff edge now at 34p, looking certain to fall significantly in the next day or two, probably catching breath at 28p...but dont say i didnt warn you.

[lefrene] 30/5/2019 00:18

This is almost all of Pob69's article. Not as bad as first feared, more concerned about water quality. Well aware of huge sums already invested. Also some miners are being slack on keeping their operations up to standard.
-------------------------------------------------

The consultation of Girón, in which it was decided to stop the mining activity in Kimsacocha, fired the alarms in the mining sector. However, the government has sent several reassuring messages for you. Do you feel backed up?

-We feel now backed up. We don't feel peaceful yet. What the president said in the message to the nation has been quite clear: he has asked the Constitutional Court to be consistent and coherent. On the popular consultation carried out in the canton of Girón, it is worth pointing out that the Constitutional Court did not utter with regard to the Fund of the consultation, that is: if carrying out local popular consultations on issues of national interest is unconstitutional. We believe that communities must manifest themselves in the forms prescribed in the Constitution and the law, that is: when ancestral communities exist, through the prior consultation; And if not, in the processes of diffusion and social participation in the procedures of approval of the environmental licenses.

-What is your next step? Are you going to file an appeal before the Constitutional Court?

-On Monday the Constitutional Court has avocado knowledge of a new request for consultation in the provinces of Imbabura and Carchi, in the area of Lita. You have 20 days to decide whether or not the question is constitutional. In some ways this can open the possibility that the court will finally determine that it is not possible to carry out local consultations on issues of national interest, especially if they are restrictive of the central government.

-But the constitution does empower local governments to make popular consultations.

-In matters of their competence. Not on mining issues, which are restrictive competence of the central government.

-But what if they are posed as environmental issues? The care of Moors and water sources, which is how the consultation is being raised in Azuay, is not competition from local governments?

Disagree. In any case, if they are going to be the authorities of the province of Azuay who implement the resolve in the popular consultation, it must also be they who, by right of repetition, have to cover those values that have already been invested in mining projects and That will stop receiving the equator.

-This principle of repetition does not correspond apply to the government authorities that authorized mining concessions without complying with environmental standards, as have determined the reports of comptroller for the case of Kimsacocha and others?

-That is an issue that does not belong to the mining sector to determine. We do not have to fall into any kind of political discourse in which they wash their hands and say: Follow the right of repetition to other authorities. Ecuador is a mineral-rich country and this geology has to be taken advantage of responsibly. Where there are minerals there will be mining. Or we do it in a technical, controlled, science-backed way, with high environmental care, high water care, or we will propitiate illegal mining, in which the State does not participate, in which there is environmental depredation and no consideration to the human being and nature.

-Precisely the problem is water sources. The two Azuay projects are occupying water recharge zones. In Rio Blanco there is already ecological damage: the Laguna de Cruz Loma disappeared. Is it possible to develop responsible mining in such a fragile ecosystem?

-It is totally feasible, with modern mining, to carry out a mining activity that precautele the right to water. As Ecuadorians we must encourage the mining industry to have effectively high standards, which is highly controlled by the state.

-What the Comptroller's reports show is that there has been no state control. Between the state and the mining companies there is a lot of personnel turnover. You yourself come from the Enami does that not pose a conflict of interest?

-International companies we go well beyond the control that the State proposes to us. Should Ecuadorian legislation be improved? Yes. Control should be improved. There must be better professionals to control mining activity. But because there are not we will not stop participating in an activity that can generate the equator a great economic impact. Everyone wants cell phones, computers, the Internet, the Automation revolution, but we don't want to exploit minerals.

-Everyone wants to take clean water and it is not clear that it is possible with mining in water recharge zones.

-

[mam fach] 29/5/2019 21:14

No I don't think it was him.Will keep look out for those. Thanks.
I'm heading for blue chips with a divi. Via a fortune with Toop & DISH.
JW seems on a roll.Going to hold on to Solg though.
You know what I say - another top up opportunity. GLA