Solgold Share Discussion Threads

[mknight] 14/6/2019 07:05

I know you did . But it will not happen if SOLG win the CC .

Or better gap bit filled and the SOLG wins the CC.

[dmitribollokov] 13/6/2019 19:21

I always had concerns over that gap at 21/22p

[mknight] 13/6/2019 15:15

I think the shorts closed in the last 2 days and the share price will now drop daily as pi,s fear of a massive drop to 15p or there abouts if the CCgoes against them.

So that being said probably 22 or 23p Would be a góod risk/reward purchase .

Not that i think it will get to 22/23 probably 24 .

[mam fach] 13/6/2019 13:41

So true.Hard to call bottom.

[shabadi] 13/6/2019 13:19

In for a few at 28.272 -- red or black, no way of knowing.

[alwaysevolving] 13/6/2019 12:59

Mam Fach, It will bounce hard if and when there is a positive outcome to this court case. Until then all the good news in the world re drilling and more discovery will struggle to move the share price north I’m afraid.

That said, if the outcome is in Solgs favour good news now should only add further momentum to the inevitable bounce as folk scramble to get back in.

[mam fach] 13/6/2019 12:50

All out of our hands.
The bigger finds are the lower the price goes.
No logic to it at all.
How many more rabbits need to be pulled out of the hat
before we reach credibility?
In the past all these RNS's would have easily doubled share price.

[onedayrodders] 13/6/2019 12:38

Apart from a negative decision this month, the next worse outcome will be a deferral as even more doubts will creep in along with a no end date feeling.

Even though I'm cash now I sincerely hope for holders it's an emphatic decision in favour of mining by end of June.

[mknight] 13/6/2019 11:20

I take it that a win for the greens will mean drilling has to stop at ALPALA until the village vote etc etc

[mam fach] 13/6/2019 09:50

Words fail me!

[1garythomas] 13/6/2019 09:17

27p being tested, will it hold, very brave to buy st the moment.

[1garythomas] 13/6/2019 08:42

One of the latest RNS said this month they would start drilling, now its gone back to early next year, not a good sign, and thanking all his staff, sounds like they have given up, scount drills were due to start shortly, just checked the RNS, does anyone know ehether they are still drilling now?

[dmitribollokov] 13/6/2019 08:31

Er, it’s 100% a message to the govt. “Don’t fxk this up, or investment in your country is over”.

Ecuador are only just getting investors back on side. Bond investors are still very cautious on the country.

If this goes wrong it will ruin their economy and growth.

[arcadian] 13/6/2019 08:17

Pure irony! Perhaps he`s just got a great sense of humour or has just lost the plot.

The prisoner just about to be shot says " Have you heard the one about...…̷0;?"

Maybe it`s a reminder to the govt of what is at stake.

[mikalan] 13/6/2019 08:17

"Drilling is scheduled to commence on regional projects early next year subject to the government indicating a clear administrative path for obtaining the relevant environmental and water permits."

mmm

[shabadi] 13/6/2019 07:57

NM : Quick get an RNS out that isn't about Alpala

[dmitribollokov] 13/6/2019 07:52

There’s no doubt we’re sitting on a massive resource...

[johncasey] 13/6/2019 02:41

20p coming here

[dmitribollokov] 12/6/2019 22:18

Yep hear you. I had the same with cey. Loved the co, hated the jurisdiction and politics.

Held it from ~25p, sold ~180p. Bought back in small around 115p. Smalls down on the buy back, but way up on that overall.

This will be similar scenario imo.

[mknight] 12/6/2019 15:52

Dimitri

Love the company hate the politics.

[lefrene] 12/6/2019 15:22

I look forward to one day seeing this dog reflect the asset value in the share price.

[dmitribollokov] 12/6/2019 14:27

Look fwd to having you back mcknight ;-)

[shabadi] 12/6/2019 14:16

This isn't just a few disgruntled locals, this is a nation wide concern with well organised environmental pressure groups. They believe have constitutional law on their side. The government must have local consultation and IMHO this will go to a referendum.

Google translate from an open letter ...
"THE RIGHT TO THE POPULAR CONSULTATION OF THE CITIZENSHIP BEFORE EXTRACTIVE PROJECTS"

"Article 104 establishes the call for popular consultation by disposition of the citizens' initiative. Therefore, popular consultation is a right of Ecuadorians and Ecuadorians that can not be restricted or violated by governmental or private interests. We ask the court to guarantee the full exercise and the validity of the constitutional right to popular consultation, fundamental expression of democracy."
...
"We alert the Court that the national government and the mining companies intend to violate the right to the democratic participation of citizens to decide on the future in their territories and precautionary the fundamental resources for life such as water and soil. The participation of citizens in the definition of plans and public policies, is guaranteed by Art. 100 of the Constitution, however,"

[1garythomas] 12/6/2019 14:10

Because there is 2.4 billion worth in the ground, doesnt mean that should be your market cap, its worth no more than say 1 billion about 50p maximum, whoever takes over, would have to build a mine which takes about 5 years with a cost of about 3 billion, now with all this going on Solgold will never arrange finance for this now, who would lend them money with all this going on, and if the vote goes in favour of solgold, you have a general election within 18 months, with the opposite party against mining, so solgold will never take this to production now.