Solgold Share Discussion Threads

[lefrene] 12/6/2019 14:02

I guess the reason the PEA didn't do much for the price was because those on the ground in Ecuador knew full well this challenge was in the system.

If a predator is watching then they presumably have had the time by now to get the necessary together for a low ball offer.

[mknight] 12/6/2019 13:53

Looks like shorters closed.

[shabadi] 12/6/2019 13:01

I wonder how the locals will vote in the potential referendum knowing that ENSA drilled outside of their permitted areas in 2013-2014. IMHO Doesn't bode well.

[mknight] 12/6/2019 10:39

Dimitri

Will be back at 40p goodluck with the Cc

[dmitribollokov] 12/6/2019 10:29

That's a fair enough viewpoint. It totally depends on your view of the probabilities and the scale of the upside/downside. I think the probability of it going against is fairly low and I don't that it would wipe the company out if the CC went against anyway. So expectationally I disagree with you.

Remember CEY, that's dragged on for years and the company makes loads of $$.

INV and SOLG are in totally different jurisdictions too. Also looks at the reaction of INV to the news. Hardly cratered...

[mknight] 12/6/2019 10:05

Dimitri

It really does not make alot of difference imho .

Unless i knew for sure Solg Would win the CC i Would not risk a rise of 10p against behind wipped out .

Prefer to buy back at 40p less stress.

[gregpeck7] 12/6/2019 10:02

SRB, CEY and here all having very nice days.. Golds time is here IMO.

[telbap] 12/6/2019 10:02

@gary.....2.8b is 5 times the mcap today. I would settle for that.

[pob69] 12/6/2019 08:32

Another pro-mining interview with a global specialist in water resources $SOLG $SOLG.L $CGP #ecuador

'Mining is not possible without a social license' and "...In Ecuador, they are just going to have a large mining industry."

[dmitribollokov] 12/6/2019 08:17

Zoros has been a bear masquerading as a concerned party forever. Filtered him ages ago...

INV is a £20m mkt cap company without significant finds. SOLG is a £550m company with potentially nation changing finds and prospects.

Comparing apples and oranges.

[mknight] 12/6/2019 07:25

Important post from Zoros on the LSE board.

INV METALS

Its a must read for all of those who think it could never happen to us .

It can .

Lets hope it does not but do not be in Solg with more than you can afford to lose .

After the news you can always get back in as long term with political support it is a no brainer.

[1garythomas] 12/6/2019 06:07

The value Solgold are claiming is 4.1 billion, thats on the price of copper being 3.30, at the price today of 2.64, gives a correct price of 2.8 billion, minus cornerstone who own 15% brings the correct price to 2.4 billion.

[dmitribollokov] 11/6/2019 20:26

Yup worry is it just takes 800 ppl who didn’t get jobs to get promised something if they vote for the plaintiff in a referendum.

[njg41] 11/6/2019 20:18

Worth a review of the sustainability section on the Solgold website and the positive impact on the community - and environmental friendly approach:
hxxp://www.solgold.com.au/sustainability/#comm

[lefrene] 11/6/2019 20:02

From that judges track record I rather suspect that this will be seen as an opportunity to put a further building block in his career, and thus he will want to put this challenge on the ballot.

[arcadian] 11/6/2019 19:22

2p rise this PM with some buying interest.

Will we hear in the morning?

[dmitribollokov] 11/6/2019 18:38

Fair enough. Interesting commentary anyway, thanks.

[relliott10] 11/6/2019 18:06

A previous holder of Solgold I sold out several months ago but have still followed the share from a distance. The recent volatility has piqued my interest again and it's an intriguing story. Bored so I spent this afternoon having a closer look and it's a very difficult situation to read. It would appear to be a question of interpretation of the Constitution by the judge, that's why I was interested in his background. I'll watch for now and may take a position if there is some clarity.

[dmitribollokov] 11/6/2019 17:02

Why the sudden interest just out of interest Relliott ?

[relliott10] 11/6/2019 16:48

Judge Agustin Grijalva Jimenez:

'Twenty-three years ago, he worked as a teacher at the Universidad Andina, in the subjects of Economic and Social Rights, the Legal System of Production, Legal Methodology and Constitutional Interpretation.'

'He was one of the five founders of the Law area of ​​the Simon Bolivar Andean University, Ecuador headquarters, helping to devise a new model of doing academia, committing students, professors and authorities in the guarantee of human rights. He is one of the most important thinkers of the constitutional school that has been called Andean constitutionalism and, has contributed substantially to understand the plurinationality and interculturality from the law with his studies on indigenous justice. This development of legal thinking has allowed him to participate as an advisor in the last two Constituyentes of Ecuador.'

Two points to consider from the above. He advised on the Constitution so is well placed to determine legality of the question. He helped devise a new model of committing authorities in the guarantee of human rights and has contributed substantially on understanding the law with his studies on indigenous justice.

[relliott10] 11/6/2019 16:17

Yes agreed Arcadian. I have also seen 'by 24 June' given as the date for a verdict. Very confusing.

[arcadian] 11/6/2019 16:14

And yet SOKG think

The Court heard arguments from many interested parties with the great majority opposing the proposed referendum. The Court subsequently adjourned and is expected to deliver its verdict by 24 June 2019.

[dmitribollokov] 11/6/2019 15:55

so they just need to bribe 800 ppl

[relliott10] 11/6/2019 15:52

Pro mining groups believe that the constitution does not prohibit mining in this area and that such a decision cannot be made at a local level.


The defendants case centres on allowing a consultation otherwise it is violating rights to water and life.