Solgold Share Discussion Threads

[mknight] 05/6/2019 13:28

Gold going crazy

I think peeps what to buy this share .

How could NM only value gold at 1300.

[onedayrodders] 05/6/2019 09:55

sharing with Pamela Ewing

[dmitribollokov] 05/6/2019 09:15

The old support at 35 now the resistance. Get through that and we'll all feel like Bobby Ewing in the shower...

[alwaysevolving] 05/6/2019 08:59

Yep shorts getting burned this morning Dmitri!

[dmitribollokov] 05/6/2019 08:53

and now the short squeeze...

[billthebank] 05/6/2019 08:51

Really strong. More positive news today and this could breach 40p this week.Way oversold IMO

[lefrene] 05/6/2019 08:51

Has something happened in Ecuador? Good to see the price recovering.

[mknight] 05/6/2019 08:49

Strong today.

[1garythomas] 05/6/2019 07:44

Upto 3 weeks, 20th june, unless its thrown out today, could drag on a while, not sure whether they could appeal after the 20th june.

[onedayrodders] 05/6/2019 07:36

Is it a binary decision that has to be concluded today or is there any chance it could be deferred and a lengthy delay until resitting

[phil1969] 05/6/2019 06:31

Last week I gave you the heads up on a stock about to multi bag on transfer of an oil and gas asset. News is starting to filter through about the vote taking place on Friday and the stock has been in constant demand. Over 40% up since I posted here. I didn't post anywhere else, I didn't blatantly ramp all over ADVFN. I have a long term relationship with SOLG and anyone who shares the same approach and outlook, I just wanted to share the possible good fortune. Do your research on Gunsynd (GUN) and decide for yourself. £2m macp and about to receive >50% of a very valuable O&G asset.

[mknight] 05/6/2019 00:52

2.4 billion ..


Market can 570 with more to come
Not tóo shabby

[excellance] 05/6/2019 00:22

isn't it so very clear when you see the big picture?

[excellance] 05/6/2019 00:20

free stock charts from uk.advfn.com

[mam fach] 05/6/2019 00:07

I couldn't agree more, You sum up the situation perfectly.
Have to admit to a top up @ 29p.
My disappointment is that shareprice hasn't moved higher.

[excellance] 04/6/2019 23:07

naa, just winding up that troll...

as i said last week, it'll drop to high twenties...mission accomplished!

if you didn't buy at 28 you may get another chance, or maybe not, but there's plenty of fish in the sea and plenty of time to catch them.

personally i'm still not a fan of SOLG even at 28p, certainly not above 30p, and even at 22p i'd be seriously reluctant...but i think the market is in love with these, particularly the retail investors, the plankton of the investment ecosystem, and some big players playing a long game.

this weeks shananogans was all about control, about driving out private investors, and i'm not convinced the raid is over just yet. You have to realise that there are billions of dollars at stake, and private investors offer nothing to the company, so every now and again there is a cull. sometimes share prices can drop painfully low for a long time, to force weak hands into selling, and many sold this week, but how many bought?

its the game they play.

for usm we have to play the long game, buy on the dips, like this week, then take profit when its there...its never wrong to take some profit.

[mam fach] 04/6/2019 22:53

So you reckon it's worth buying @ 22p.
Interesting. Will be watching in anticipation.

[1garythomas] 04/6/2019 20:53

And also not mentioned the figures released in the PEA is for 100% , so again need to be reduced by a further 15 %, so on today prices, instead of being worth 4.1billion is worth 2.4 billion.

[pob69] 04/6/2019 17:06

New presentation (52 slides) from Mines and Money New York Solgold $SOLG $SOLG.L $CGP #ecuador (though not sure share price of 36.4p is accurate as of today!) Lots to consider, though a quick skim suggests;

USD $60M in bank
MRE#3 scheduled 2019 Q2-3 slide 11 (but then "end of 2019" slide 27)
Fiscal benefits for mining in the country slide 17 - huge numbers no doubt mentioned in future legal hearings
New PEA and site infrastructure slide (slides 27 onwards)
Alpala silver production Slide 35 (!?! - has silver ever been mentioned before notwithstanding it is a potential extraction byproduct? - since informed "Silver is negligible at <0.5% of total revenues".)
Blackrock are no longer listed as major shareholders (was 5.96%) slide 7

[pob69] 04/6/2019 16:40

A new and well considered review on post-PEA investment thesis for Solgold $SOLG $SOLG.L $CGP #ecuador

"Conclusion
....the results from the PEA are disappointing and SolGold shouldn't try to hide them behind a high copper price. The initial capex and IRR are unimpressive, which could cool off the interest of BHP and Newcrest and significantly narrow the funding options for SolGold. The company still has time to turn things around as a further update to the mineral resource estimate is planned before the end of 2019.

...Regarding the mining ban, I think that the market overreacted as it's a long and hard process, which has barely begun. The organizers of the referendum will need to put in a lot of time and effort to come up with something that could threaten Cascabel.

...SolGold is undervalued and the company's management shouldn't sugarcoat bad news."

[dmitribollokov] 04/6/2019 15:38

This reeks of HF manipulation.

[lefrene] 04/6/2019 11:51

machine translation

On June 5, 2019 will be fulfilled the public hearing convened by the Constitutional Court, before the request for qualification of a question for popular consultation, presented by a citizen who alleges to represent certain community members settled in communities of the Sierra Northern Ecuador.

The applicant raises the question: "Are you in agreement with the mining in the territories of the communities settled in the parishes of Lita, Carolina Jijón and Caamaño, and Goaltal?" YES/NO? " These parishes are based in the provinces of Imbabura and Carchi. The Constitutional Court has convened the sectoral Ministry, decentralized governments, private companies, organizations, and all those interested in participating in the willing diligence.

The mining Chambers, business committees, representatives of companies that serve mining companies (housing, food, transportation, etc.), as well as inhabitants of the cantons involved, have expressed their concern as they consider That the initiative infringes on the autonomy of the state to decide on the natural resources. As well as it could affect the development of exploration projects in close to the parishes (even RATTLESNAKE/SOLGOLD that has received international recognitions), and with that, scare away the investment and remove the new jobs in the area.

An investigation of Diario EL COMERCIO has highlighted that the applicant for the popular consultation has a "mining past", which rather looks like a dark past, because, in addition to having applied for permits to operate artisanally, is criminally prosecuted for Illicit activities with mining resources (as typified by the Integral Penal code) near Buenos Aires, the biggest focus of illegal mining in Ecuador. hxxps://www.elcomercio.com/actualidad/mineria-consulta-parroquias-imbabura.html

However, the constitutional control that corresponds to the court will not include analyzing the quality or legitimacy of the applicant, as it should be framed exclusively in the provisions of the constitutional Guarantees and constitutional Control Act. Consequently, to qualify the proposed question, it must first establish – the form-if its content is clear and loyal to future electors, and then, if – the fund – violates some constitutionally guaranteed right.

The 4 defaults of the proposed question.

1. "You agree...", the proposed text-it is not clear-should establish the scope of what is questioned and its effects on the national legal system (see art. 105 Num. 4, LOGJCC). It is not a question of knowing the opinion of the voter or his concerns, for that is what the previous consultation within the Constitution consists of.
2. "... With the exploitation... "The text – not loyal-refers to one of the eight phases of mining activity (article 27, Mining Law), as a result, there is no consultation on exploration, benefit, smelting, refining and other phases.
3. "... Mining... ", again the text – it is not clear-refers indiscriminately to the" mining "activity, without establishing whether it refers to the metallic or non-metallic, and within those, to the small, medium or large scale-data no minor considering that pretended to be Artisanal miner-or if it also includes the arid and stony, the latter of municipal competence (art. 264, Num. 12, COOTAD).
4. "... Communities settled in the parishes of Lita, Carolina Jijón and Caamaño, and Goaltal? ", the proposed text establishes a reference of" communities "that do not maintain form of independent government (see article 94 of COOTAD), and also groups several of them (even of different provinces) which would prevent their valuation, as they would be different voters, in different places.

It is precisely in these flaws, where I believe that the proposed question incurs ambiguity, vagueness and obscurity, all characteristics that taint its quality, and, consequently, the proposed text is not clear, nor loyal to the elector, as required by the Article 102 of the LOGJCC. Consequently, if the Court acts in accordance with law, it will only disqualify the proposed text and file the process. That is to say, it will not analyse substantive issues, because the question does not merit it.

[pob69] 04/6/2019 11:16

Very interesting review "NEW POPULAR CONSULTATION THREAT MINING PROJECTS IN THE NORTH OF ECUADOR" which lays out the legal basis for consideration of the appeal with specific reference to Solgold $SOLG $SOLG.L $CGP #ecuador

"...the Court will not include analyzing the quality or legitimacy of the applicant... " (You will recall he has an interesting past.)

However;

"...It is precisely in these shortcomings, where I consider that the proposed question incurs ambiguity, vagueness and obscurity, all characteristics that vitiate its quality, and, consequently, the proposed text is not clear, nor loyal to the voter, as required by Article 102. of the LOGJCC. Consequently, if the Court acts in accordance with law, it will only disqualify the proposed text and order the file of the process. That is, it will not analyze substantive issues, because the question does not merit it...."