Solgold Share Discussion Threads

[oilisgold] 30/5/2019 11:44

Sad to see soo many punters panic selling. Back in the days when it went to 1p, it made many very rich that bought sub 1p.. All the best here to everyone. Still can't believe my luck.

[billthebank] 30/5/2019 11:42

Was at the doctors early doors but topped up at 28p with £7k so happy chappy this morning Still think blue this after!!!

[excellance] 30/5/2019 11:42

Bounced off 25 as predicted

[oilisgold] 30/5/2019 11:40

I never imagined I be buying back into SOLG Sub 30p , let alone 25p. Bought in around 10p last time and sold at 40p. Just Amazing. What an opportunity that was for all.

[5070481] 30/5/2019 11:31

TOok a sneaky 20% on a trade earlier. SHould have held for more and bought more at teh time. Very low value of trade.

[alwaysevolving] 30/5/2019 11:30

Yep. FOMO incoming ;-)

[lefrene] 30/5/2019 11:28

Now lets see it switch into a panic to get back in for fear of missing out on the forthcoming gravy train! :¬)

[lefrene] 30/5/2019 11:25

A good clear rns, $17 billion just in taxes alone from just one site, no wonder that politico was getting excited about paying down the national debt.

A pity in other announcements they are not so clear about the amounts of money potentially available. But considering that Alpalla is just one site in Cascabel, and there are a potential 12 other Cascabels in preliminary exploration, one gets an idea of the possible vast wealth in Ecuador.

[alwaysevolving] 30/5/2019 11:23

Right. Can we please get back to business now! A massive amount of panic created over seemingly nothing.

All that monster copper and gold is still there and no doubt the majors still want it for themselves.

[billthebank] 30/5/2019 11:22

Sorry pob69 Just read your post!!!

Was really pleased to read this so got a bit excited!!!!!

[onedayrodders] 30/5/2019 11:22

Yep sounding more and more like a storm in a tea cup but personally not ready to jump back in until official.

[billthebank] 30/5/2019 11:21

There has been no indication from the Ecuadorean government that SolGold's tenure is at risk. The Cascabel project is a key project in Ecuador's developing mining industry and a critical driver for the future of Ecuador's economy. SolGold continues to receive full and objective support from the Ecuadorean government.

SolGold recently announced findings from its Preliminary Economic Assessment (PEA) for the Alpala deposit in the Cascabel project in Northern Ecuador. The project indicated approximately US$17bn (at US$3.30/lb copper price and US$1,300oz gold price) in taxes, royalties and profit shares to the government and peoples of Ecuador. SolGold is committed to building an integrated explorer, appraiser and miner in the copper industry in Ecuador, and enjoys the support of two of its major shareholders, Newcrest and BHP

The Company currently employs approximately 500 Ecuadoreans, and its staff is 97% Ecuadorean. The project will provide substantial and ongoing support for local, and a variety of, Ecuadorean industries and companies, and provide a platform for growth in the GDP of Ecuador. SolGold aims to replicate this project on other locations thought the country as part of its plan to create an intergenerational company in Ecuador.

[pob69] 30/5/2019 11:13

Positive response to share price movements by Solgold $SOLG $SOLG.L $CGP

Key quote;
"...There has been no indication from the Ecuadorean government that SolGold's tenure is at risk. The Cascabel project is a key project in Ecuador's developing mining industry and a critical driver for the future of Ecuador's economy. SolGold continues to receive full and objective support from the Ecuadorean government."

[dmitribollokov] 30/5/2019 11:10

There we go.

Massive headfake.

[lefrene] 30/5/2019 10:52

Billthebank, little more than 1% of the shares have been traded, so it would seem that the big holders are sitting on their hands. I would expect the government to do it's best to calm ruffled nerves, and perhaps keep the natives sweet by bringing in new regulations and a body to enforce them. Although in that part of the world I doubt there is much confidence in regulations being properly enforced. The government is seeing just how fragile the perch of said 'golden goose' can be, so perhaps they will up their game to help expedite things for the miners?

[greenelf] 30/5/2019 10:40

This maybe it until the uncertainty is cleared up..

[billthebank] 30/5/2019 10:19

well I cant believe that solg has dropped to this level. What is the smart money doing Seems like there have been a lot of sells recently. Particularly large ones at that. Are some trying to trade this having been in so long? All very strange. DO investors really think that Ecuador will kill the golden goose? Surprised no company announcement. 25% drop is serious devaluing of SOLG. Can see this rising quickly back into the low 30s!!!

[lefrene] 30/5/2019 10:10

Wot, no one talking about gaps to fill :¬)

[greatballsoffire451] 30/5/2019 10:01

sell rallies

[alwaysevolving] 30/5/2019 10:01

Gary’s gone off grid. He must be back in ;-)

[mknight] 30/5/2019 09:54

Alot of traders in so the next hour or so may see some profit taking .

We shall are.

[greenelf] 30/5/2019 09:51

Drad late lol

[greatfull dead] 30/5/2019 09:50

Could be the time to re-enter...

GLA,
GD

[telbap] 30/5/2019 09:49

Looks like we will have an answer today.