Solgold Share Discussion Threads

[pob69] 04/6/2019 11:10

TV coverage on "...Constitutional Court will hear the requests on popular anti-mining consultation" Solgold $SOLG $SOLG.L $CGP #ecuador

Anyone speak Spanish to translate...?

[mknight] 04/6/2019 09:44

No Ecuadorian time.

Dont expect news as the judges have 20 days to make their minds up .

However in this case it might be quick .

[onedayrodders] 04/6/2019 08:37

McKnight ... is that wednesday 1pm GMT

[dmitribollokov] 04/6/2019 08:12

Not really relevant at this stage, but gold is flying. It's funny how SOLG is sitting on so much gold yet all we talk about is the copper...

Get this attention seeking eejit out the way and we can focus more on what is here.

[greenelf] 04/6/2019 07:44

Horribly oversold on rsi by the way.

[greenelf] 04/6/2019 07:21

Don't treat the Equadorians as "stupid". Solg Casabel project alone projected $17bn in taxes over project lifetime. Stark choice, pander to a few individuals or chose wealth for the whole country going forward.

[1garythomas] 03/6/2019 17:33

How can you say its a non issue, this was always going to be tge problem in equador, all the red tape, companies have been waiting upto 3 years for drilling permits, solgold have been waiting long enough for there drilling permits, these countries change like the weather, no mining history, you have a left wing opposition government who are against mining, and a general election within 18months, these issues will never go away.

[1garythomas] 03/6/2019 17:27

The trouble, newcrest and BHP have spent pocket change, nothing more.

[greenelf] 03/6/2019 16:21

"all this"... total non-issue. Just watch. Solg is worth a helluva lot to a gold major. They don't take stakes in a company just for fun.

[1garythomas] 03/6/2019 16:07

Thing with red cloud, they are paid to say them things, take over etc, who's going to pay say 1 billion for solgold, with all this hanging over it, and dont forget, a general election within 18months, who knows whats going to happen then!

[lefrene] 03/6/2019 15:46

This former illegal miner has already said that it's about money and not really about ecological issues, so one would think he has invalidated his petition before it has started.

The local economy must be happy to have the many jobs that Solg has created, but then one doesn't know if there are jealousies from those who don't have jobs?

A great opportunity for a would be predator to make a low ball pounce.

[pob69] 03/6/2019 14:50

Red Cloud broker comments today on latest exploration targets Solgold $SOLG $SOLG.L $CGP #ecuador (They also summarise the latest on legal activities but nothing unknown stated)

"...We continue to believe that SolGold’s growing portfolio of exploration targets and its attractive and more advanced Alpala deposit make it a likely takeout candidate for majors."

[mikalan] 03/6/2019 14:34

Really high short-term risk factor at the moment. Good volume, but mainly sellers. Worrying!

[mknight] 03/6/2019 14:07

Gap around 21/22 .

Maybe they are going to try and fill it .

[excellance] 03/6/2019 14:06

Sad to see, and we aren't at the bottom yet!

Even 28 looks expensive, it'll probably drop as low as 22p before any recovery.

[1garythomas] 03/6/2019 13:48

If that happens, could see the share price back to the teens.

[mknight] 03/6/2019 13:42

Wednesday at 1 pm

Problem maybe the judges may not release their verdict until 20 days later .

[onedayrodders] 03/6/2019 13:26

when is D day ?

[excellance] 03/6/2019 10:37

Why wouldn't anyone short this, it's big and fat and loss making with no prospect of making money any time soon.

Look, I like solg, been in and out for years, but right now it's massively inflated on mug punter speculation, and yes a few majors have their finger in too, but they want more, and they play a longer game.

The share price will be decimated, pm's driven out...

Beware!

[lefrene] 03/6/2019 10:17

It's the small local guy hacked off because he is not getting a fair crack of the whip, he only wanted 300 hectares. He plainly thinks (he might be right) that government officials are getting back handers for doing deals with the big guys. So it looks like a 'try on' wanting a better deal for the small local operators.

Ecuador badly needs the emerging mining industry, it can't let things at parish council level deprive it of a bonanza in foreign earnings, the central government will have to enforce national need overriding local turf spats.

[pob69] 03/6/2019 09:49

Wilmer Meneses interview on his current motivations to stop mining... Solgold $SOLG $SOLG.L $CGP #ecuador

[1garythomas] 03/6/2019 09:47

Looks like someone is defo shorting this stock now, noticed over the weekend, someone mentioned blackrock.

[1garythomas] 03/6/2019 09:13

Looks like another red day, and will have this hanging around till 20th june, looking like low 20s again, sell and buy back.

[excellance] 03/6/2019 08:48

SOLG is now old hat, fat and out of fashion, ECR is the new kid on the block!