Solgold Share Discussion Threads

[lefrene] 16/3/2020 14:38

Lowtrawler, the reason why gold falls at times like these is due to the workings of the USA REPO market. 10yr Treasuries are the currency of the REPO market so other assets get sold in order to get cash to buy 10yr Treasuries which are then pawned on the REPO market. The reason why the 10yr Treasuries are indispensable is that despite having pawned them on the REPO market, they can still remain on the books of the borrower as asset! Hence gold and all else gets jettisoned to get cash to buy 10yr Treasuries, which despite then being pawned remain for accounting purposes as if you still owned them!

[mrpiggy] 16/3/2020 10:18

We need a portfolio exit on tern to free up some cash and take advantage of these insane prices. World's biggest copper deposit here and sooner or later it will get mined so keep the faith all.... held these despite it falling to a penny a few years ago.... then came the big rise!

[markth126] 16/3/2020 10:11

Hey MrP , tough couple of years for both of us I'd imagine, (ARS aswell)
Think this will come good but not easy at the minute. So many bargains out there now but not in cash at minute unfortunately. Could do with a reversal of fortune but nothing in sight as yet! As I said, hold tight, this was flying a couple of Fridays ago towards 23p area - these will be back there once all of this market overreaction calms down imo.

[mrpiggy] 16/3/2020 10:02

Hey mark, yes.... you are quite right!
Never in a million years did I ever expect Solgold to fall to this level.
I’d love to pile in at this level if I had the dosh!
How eloquently put FSA.... you never fail to make me chuckle!

[lowtrawler] 16/3/2020 09:33

It's the end of the world as we know it...The extreme action being taken by governments everywhere seems nuts to me but it's the world we are living in. The bail outs that governments will need to make to stop whole industry sectors going under will make the bank bail outs seen like a walk in the park. The amount of fiat currency that will need to be printed is mind boggling. This should be great news for gold but even it is falling!I have no idea what the bottom will be for SOLG but I'm still convinced it will end up trading on many multiples of the current price. For this reason, it is one of only a couple of shares that I am continuing to hold.

[harvey haddock] 13/3/2020 17:10

My money on a bounce come Monday.

[markth126] 13/3/2020 17:06

Hold tight peeps

[mknight] 13/3/2020 14:56

Thanks lowtrawler.

235 million market cap ... 110 billion in the ground just for Alpala.

No debt

No debt

Hang on no debt


Seems cheap .

No one can buy at the bottom but we are close here imho

[lowtrawler] 13/3/2020 09:28

It's my understanding that if he ceases to have the intention to buy, an announcement to this effect would be needed together with a reason.

[shabadi] 13/3/2020 09:07

Interesting, because now if he doesn't buy then one has to assume it's due to insider trading.

[lowtrawler] 13/3/2020 09:04

I would normally have said no, NM cannot buy while in possession of unreleased price sensitive information. However, with the announcement that he intends to buy, I suspect it gets around that issue.

[goodgrief] 13/3/2020 08:39

"The MSM has been highly selective in what it blasts across your screen."Your average joe doesn't have the foggiest about high finance. Show him pictures of queues around the block of desperate people trying to withdraw their life savings from a bank, then he gets it!

[mknight] 13/3/2020 08:38

Anyone know if NM Can buy before MRE3 comes out ? Probably not although with solgold shareholders difficult to know what would be accepted .

[mknight] 13/3/2020 08:19

So how many shares will NM buy ...

My guess 2 million . Anything less would be peanuts to him .

[mknight] 13/3/2020 08:05

Hi Dmitri

Are you in or out at the moment .

[dmitribollokov] 12/3/2020 22:20

Yep the entire covid-19 scenario is all a globally engineered bit of fake news to get trump re-elected. Who are you people - utter maniacs.

[lefrene] 12/3/2020 19:56

The USA sell off is apparently due to a liquidity issue, as everything is held by leverage and the players need to REPO bonds either overnight or for a couple of weeks to get the cash to keep their positions open. If nobody will take their bonds as collateral they're screwed and have to sell whatever stock they are holding. It seems the FED has woken up to this and is offering $1.5 trillion to provide the essential liquidity. I notice nobody is talking about the Sept 17th interest spike in the REPO market which apparently saw a FED supplied $6.5+ trillion do the merry go round! The FED stepped in and headed that off without a ripple in the MSM. This time they have allowed a crisis to happen before very publicly coming to the rescue. Hence I believe this opportune bug scare is deliberately over-hyped, to provide an excuse to do a re-set, a good old clear out, and of course Mr Trump and friends get the credit for saving the economy!

Well it doesn't matter what I think, but if this thing is being stage managed then it will probably be over and done in about 6 weeks, in time for electioneering to begin in earnest mid May.

[mknight] 12/3/2020 17:21

Maybe but fed just stepped in .

Market now coming back .

Solgold looked strong today .. might have seen the bottom for Solg .

[fsawatcher] 12/3/2020 16:57

peak corona is months away

stock market will go to 2008 levels coz that wot the markets know as worse case scenario innit

that the baddest

DOW gotta lose nuther 50% yet

be at 14000 by end of March

[mknight] 12/3/2020 15:05

Lefrene

I think the markets have over done this sell off and expect a massive bounce tomorrow maybe the Dow today .

[mknight] 12/3/2020 13:26

Only 15 cases in China today if they can be believed .

[lefrene] 12/3/2020 13:12

A good time to be a vulture mknight. we don't know what NM's true game plan is. Currently posturing as a would be independent miner, but once all the ducks are lined up with finance in place, would he be tempted to sell Alpala? I know I would, as there all those 72 other prospects to exploit and $5 billion would be useful war chest to do it. We know it's 18 months to 2 years away before anything will can kick off, a heck of a lot can happen in that time. The bug scare forgotten and China/India going flat out again, and copper at a sensible price, and gold probably above $1800.

[mknight] 12/3/2020 12:57

Lefrene . Yes indeed not the time to be out now . Hopefully in a few months we will have the monies needed to take us another 2 years down the líne. However will we make it or will one of the big boys make an offer .