Solgold Share Discussion Threads

[rougepierre] 03/3/2020 10:24

Post 19571 yesterday...

Is this a double bottom...?

Only time will tell, but I've just piled in another 200,000 and had to pay from under 16.70 up to 16.96 and couldn't buy in 100s so had to buy in 50s...

Fingers crossed and GLA...!

[lefrene] 03/3/2020 10:19

tosh123, a fair point, this would have been an opportunity to bury bad news, although quite frankly the current valuation would seem to discount just about any bad news one could think of. Circa $100 billions worth of buried assets for under £350 million. But we are still waiting for somebody to blink.

[shabadi] 03/3/2020 10:12

And in other news today: Solgold was unchanged on the day after they announced a placement of 1 billion shares at 2p.

[shabadi] 03/3/2020 09:37

Do you honestly think that could happen here ?

[tosh123] 03/3/2020 09:18

Shabadi,
you're entitled to your own views, but i will tell you " as a matter of certainty ", that companies have, and do, take advantage of such turmoil to bury bad news.

It's got nothing to do with limited time, and everything to do with peoples interests / concerns being focused elsewhere, especially when we're talking about peoples health.
That my friend, is a fact.

[shabadi] 03/3/2020 09:13

What like, sneak it in when we are not looking ?

Silly thing to say, this isn't the ten o'clock news with limited time.

[tosh123] 03/3/2020 09:08

One positive to take from the current situation is :- If there was bad news, then last week would have been the ideal time to release it eg bury it under all the other news about coronavirus.
So although we're all eager to get news ( and quite rightly so ), the fact that the company haven't taken advantage of the current turmoil to give us a poor update, is hopefully a positive signal.

Just a thought.

[fsawatcher] 02/3/2020 18:38

everyfink in 3 fall

this virus gonna shut down the US and UK

bounce due to short coverin

rumor china deaths are double what been reported

same for iran

s&p gonna go sub 2700

[jammytass] 02/3/2020 16:25

pob pump all u want shareprice in freefall and the bod dont give a dam

[pob69] 02/3/2020 12:48

As always, an educational and informative interview with Warren Irwin at PDAC.

3:50mins and 25:30mins - why he is not investing in new exploration companies when existing holdings with growing discoveries are due a price revaluation upwwards due to drill results or corporate activities. Confirms at the end of the interview that "Cornerstone as one of them and if you have the patience it is a good one to own". Solgold $SOLG $SOLG.L $CGP #cascabel #ecuador

[lefrene] 02/3/2020 12:23

So long as NM can hold BHP/Newcrest in check he does have some power, but if he can't get something together before BHP comes out of purdah then he migh lose that power? It's poker for very big boys, at least NM has played the game before and all depends upon his skill in not losing this game. Once Cornerstone is squared then perhaps we might see some progress, but we have been wading through glue for several years now, how much longer can this game drag on?

I too get the impression that there is more than one Cascabel in the mix, but it suits current strategy not to expand upon this.

[rougepierre] 02/3/2020 12:09

"One of the best times to invest in a mining stock is during the construction/pre-production period when a qualified ‘single’ ore body mining management team is going about the work of 'making mines'."

"Over the past thirty years, according to an investing source within the Oxford Club, upon identifying ten such companies, all but one had equaled or exceeded their discovery highs by more than 100%! The price rises from their confirmation/disinterest lows to their production/cash flow highs had produced 300-1000% gains."

hxxps://www.karlschempp.com/documents/How%20to%20profit%20from%20buying%20mining%20stocks.pdf

This strategy worked very well for me with ATYM...(averaged down to 80p and sold out at 190/260p)...

I know by definition SOLG is a punt, but the ore is there...there is a huge amount of gold which is not properly taken account of yet...and there are all the barely or under drilled tenements, any of which could be anther Cascabel...

So the suggestion that SOLG production capex has to start by end 2020 is right on the money based on the above treatise...

After all, who has the REAL power here? We don't, we're just small PIs...

The real power is with NM (lets hope he is making the right calls), BHP/Newcrest and any predators that may be circling (remember NMs quotable quote...)

AIMHO as usual....

[lefrene] 02/3/2020 12:04

Good luck rougepierre, I'm just sat on my hands I'm currently in a loss with this one, but believe that at some point somebody with deep ;ockets and plenty of industry experience will step out of the shadows wanting to mine it. A nasty flu bug might heavily affect the travel/holiday industries, but I can't see it having much of an impact on mining.

[rougepierre] 02/3/2020 11:58

Is this a double bottom...?

Only time will tell, but I've just piled in another 200,000 and had to pay from under 16.70 up to 16.96 and couldn't buy in 100s so had to buy in 50s...

Fingers crossed and GLA...!

[lefrene] 02/3/2020 11:46

The day to day price with an explorer has little to do with the actual value of the assets. The value of the assets are connected to the metal markets and the cost of extraction, so if one outfit bids then it's likely other interested parties would bid too. Although it would seem likely that BHP and Newcrest would combine their holdings once they come out of purdah later this year, when they coukld buy more shares in the market and take their holding above 30%. The vultures are sat watching Solg because of its size, and the fact Cascabel can be got up and running comparatively cheaply and quickly due to favourable infrastructure.

Perhaps we are all waiting for the teenage scribblers prediction 5 years ago that copper would be in short supply? I notice that despite a massively slowed Chinese economy the price of copper has not slumped, so perhaps we are nearly there, and as China cranks up from the bug scare will we see copper prices pick up?

[rougepierre] 02/3/2020 11:32

Mather couldn't have legislated for coronavirus but has he tried to play this too clever...now getting bitten hard by markets...

Surely setting up the possibility of a 'lowball' bid from BHP, Newmont, Barrick, ANO...?

[dozyduck] 02/3/2020 11:30

About half by (current) value of Alpala is copper - likely to be worst affected by a corona induced recession.

[shabadi] 02/3/2020 11:26

But would destroy any goodwill SOLG has built with the locals.

[lefrene] 02/3/2020 11:05

About time Nick Mather asked Gina Reinhart out to dinner. That might get a few of the straw chewers out of their seats :¬)

[greenelf] 02/3/2020 09:39

Gild rocketing up. Central bank interventions coming.. good for Solg

[pob69] 02/3/2020 07:59

Interview with Vice Minister for Mining Solgold $SOLG $SOLG.L $CGP #cascabel #ecuador.

"...participate in the PDAC, where some of the second generation projects are expected to find new partners that contribute with more resources and accelerate their development processes."

"...There are 70 areas that are under evaluation that could go to auctions. Studies are being conducted, there are 18 interested companies. We hope this year to complete the award processes of the areas. Due to the nature of the mining processes, these areas could be operating within 10 years."

[mknight] 01/3/2020 13:20

all eyes on the Bond market then . Could we see half a percent .Time will tell .

[lefrene] 01/3/2020 11:58

Economies were already in retreat before this bug came along, it would seem an opportunity to blame the looming recession on an unavoidable event. The world isn't going to stop but there will be the usual rush towards 'safety' which will be bonds and utilities. In the short term people sell whatever they can to cover their liabilities, so many things get hit, in the aftermath there's a hunt for safety and income.

The rush for bonds is very convenient for the FED that is stuffed out with paper that it had to buy in as it became the buyer of last resort in the REPO market crunch of 17th September last. Effectively a major banking crisis as big as that of 2008, but which notably has gone unmentioned in the mass media. Well now the FED has a golden opportunity to get the books straight, a pandemic crisis right on cue just when you need one!

Solg is simply an asset play, it's already very cheap compared to the metals in the ground that it controls, but it could get cheaper still in the panic. My cynical guess is that once the FED has squared its books, we might see this scare put on the back burner in time for a recovery to assist with an up coming election.