Solgold Share Discussion Threads

[shabadi] 08/10/2019 19:52

Master rsi, gone very quiet, your charts and moving average etc shown up for what they are. The tools of a complete fool. Nitpicker was right and you are a fxcking embarrassment.hahaha

[dmitribollokov] 08/10/2019 16:23

Hope to be back too McKnight, bid was below mkt, but I hit it anyway. Here's hoping it blows over, but too sketchy for me atm sadly.

[lefrene] 08/10/2019 15:54

Blood in the streets is an old adage as a time to buy. If Moreno pulls off these changes without a coup then the country will improve. He is certainly doing his best to improve the economy, and with Venezuela close by the Ecuadoreans don't have to look far to see what reckless profligacy gets you.

[alphapig] 08/10/2019 15:50

Certaonly some hefty trades coming in, looking good.

[greenelf] 08/10/2019 15:43

Great time to buy, panic selling a signal for reversal.

[mknight] 08/10/2019 15:43

Those that read the news will see that Ecudor put the prices of oil up in an agreement with the IMF so they could recieve 4.5 billion . Does not sound like someone against mining where they will recieve multiply billions in taxes .

[greenelf] 08/10/2019 15:31

Whose a clever little sausage, eh?

[1garythomas] 08/10/2019 15:29

Not looking good here, looking like 19p shortly, and who on earth would lend money to solgold to fund a mine in equador, look at the unrest there, government could be thrown out shortly, mining permits might get them in 2021 if you are lucky, i did say at the begining of the year, wouldnt see these permits this year, and i did mention 19p on the charts about 4 weeks ago.

[mknight] 08/10/2019 15:23

Dimitri

Maybe you got bid because someone knows more than us . Maybe that is not true .

Either way i hope to see you back soon .

[dmitribollokov] 08/10/2019 15:03

amazed I got bid on 350k tbh. Want to buy back in a t some point, but that news in addition to the general mkt, means I wanted out.

[greenelf] 08/10/2019 15:03

With gold sitting above $1500, this is a solid investment.

[francoismyname] 08/10/2019 15:02

£375m for the whole company

Got to laugh

[mikalan] 08/10/2019 15:00

Tend to agree dmitri. I thought risk/reward had gone in our favour. Now I'm not so sure. Sold as well, though showing as a buy. Can't go by ADVFN trades.

Hope to buy back in when things are a bit more stable. Known unknowns and all that!

[dmitribollokov] 08/10/2019 14:47

I sold out this morning. Can't be dealing with that.

[lowtrawler] 08/10/2019 14:46

From here, it's nigh on impossible to determine the true political situation. I'm amazed the SOLG price has held up so well given the issues. Let's not forget the reason why Ecuador is underdeveloped, it's always been politically unstable.

[lefrene] 08/10/2019 13:28

Moreno seems to have had a plan, hopefully once through this his position will be more secure. The Ecuador Times is probably a bit more reliable than Doomberg for info on the situation.

[dmitribollokov] 08/10/2019 13:28

The govt bonds are off 4 pts.

[mknight] 08/10/2019 13:18

Dmitri.

No its not .but it could have been worse .

[dmitribollokov] 08/10/2019 12:57

Ecuador Warns of Coup Attempt as Government Abandons Capital

Congress, oil production facility attacked in violent protests
President Moreno governing from second city Guayaquil

"(Bloomberg) --�Ecuadorian President�Lenin Moreno�accused his political opponents of attempting a coup as the government moved outside the capital amid violence triggered by the ending of fuel subsidies last week.
In a national address, Moreno said he was moving the executive branch to the port city of Guayaquil due to security threats. The president said that allies of his predecessor�Rafael Correa�had infiltrated the demonstrations in a bid to overthrow his government, without providing evidence.
During the fourth night of a state-of-emergency, protesters in the capital Quito caused minor damage to Ecuador�s congressional building and violently entered the comptroller general�s office across the street. Rioters also attacked an oil production facility, a major dairy, dozens of rose plantations and burned police and military vehicles as security forces struggled to contain the violence. Moreno reiterated that he won�t reinstate the fuel subsidies."

Not ideal

[lefrene] 08/10/2019 12:35

mknight, very true, it is indeed easier to wait when you know exactly when the train is going to arrive, and also what will be on it. In the meantime at least gold seems to be holding around $1500.

[mknight] 08/10/2019 12:22

Lefrene.

I believe NM is in bed with Newcrest and BHP and probably has atleast a vebal agreement with them .He could have released news on Alpala and has not he could have tried to defend the share price and has not . He has plenty of skin in the game so will not be giving anything away as he knows what he has got imho its easier to wait when you know whats coming .

[lefrene] 08/10/2019 12:05

mknight, I tend to forget about RTZ, they too of course might want a slice of the action and CGP would be a way in for them, but then why have they not made a move before now? Perhaps that problematic mine in Mongolia is cramping their style?

To be sure the insiders in these big miners will know and understand a heck of a lot more about Solg than I do. From the share price here it's plain that they are not competing to get bigger slices, so have these big boys come to an 'understanding' between themselves to attempt to slice and dice Solg at the lowest possible price?

[mknight] 08/10/2019 11:38

Lefrene

Your idea makes sense .

Why have we delayed the Cornersrone bid until such a time when Newcrest can bid as well ?

Newcrest not wanting to purchse Cornerstone seems unlikely but if they dont make an offer then it leaves Cornerstone one less option .

Rio who i believe own over 30 percent of Cornerstone have not made a move .Maybe they are not interested but if they are they will now have to top Newcrests and Solgolds bid .

We are now coming up to the time when all parties may show their cards and this should be good news for COrnerstone and Solgold .

[lefrene] 08/10/2019 10:54

mknight, it's all speculation on my part, but my scenario of Newcrest taking out CGP's 15% (or all of CGP?), and then perhaps allowing BHP to match Newcrest's position, and between them putting up the cash to get to production, seems to me to be one possibility. But no harm at all in looking for finance from Banks if NM thinks he would be better off going it alone. But of course he would still have to two big boys with large holdings and seats on the Board who would likely want to throw their weight around.

From an ordinary share holders point of view I just want to see this thing get to production in order to realise the value of the asset, I don't mind too much who does a deal with whom. Given the experience of Newcrest in block caving I would be happy to see them buy Alpala, or do a deal over the production rewards. But whoever does it needs to get their sums right and needs access to all the capital required to see it through, and not do a Sirius where they badly underestimated the costs and finance requirements and presumably will get taken by a predator for peanuts?

[mam fach] 08/10/2019 09:08

It's only so many times you can say the same thing.
I'm fed up of saying another chance to top up.