Solgold Share Discussion Threads

[mknight] 04/5/2020 16:36

UT 22.80 DOWN 9.7%

[goldrush] 04/5/2020 16:33

rougepierre

Agreed that's why I too believe Ingo will deliver and is incentivised to do so....I am sure NM wants to get the share price well above 60p so that all the employees and himself will do well from their options.....Obviously for Ingo the figures at that level are now much higher and if he walks away with £3 million or more....Well done to him and us all.

[lowtrawler] 04/5/2020 16:24

Agreed mam fach. Strange times. We don't want to fall further as it would take us through support. If we did, sub 20p is back on the table. We need the expected news.

[mam fach] 04/5/2020 16:05

Couldn't not have another top up.
Never thought we'd see 22p again.

[mknight] 04/5/2020 15:39

I believe in NM + HOFF , They would lose all cred if the webinar was a load of lies .

So we await news .

[rougepierre] 04/5/2020 15:38

0.3% of MCap today...

GGP has donde 1% so far...three times as much...don't worry...

[lowtrawler] 04/5/2020 15:31

Prior to breakout, we were doing about 2m volume per day. It's been 6m - 8m per day since. It might just be profit taking but worth being cautious.

[rougepierre] 04/5/2020 15:31

Judging by the average bargain size, small time charlies/traders panicking out...

Average deal £3,904....that's c16,700 shares...but that vast proportion of trades I'm now seeing are under that figure...loaDS UNDER £2,000...

Just bought another 30,000...

[mknight] 04/5/2020 15:27

Well its back to last Mondays price.

Seems like Cornerstone are selling

No one likes watching it go down but if you can wait then its not a problem .

[rougepierre] 04/5/2020 15:26

Only 675k...

[lowtrawler] 04/5/2020 15:25

The volume today has been pretty decent. Be careful as it may indicate an issue with the offtake financing (delay, expensive, conditions....).

[yufff] 04/5/2020 15:24

Nas

Hope you will be eating humble pie instead of waffle once announced.

Maybe you’re going a little over the top with your friend holding a sizeable holding in Solg??

[lowtrawler] 04/5/2020 15:21

You can certainly fund like that for some projects, particularly where there are a lot of competing providers who can step in for each other. Unfortunately, mining is different and you'll be hard pushed to find any development examples which have not involved an equity raise.

[rougepierre] 04/5/2020 15:19

Goldrush...that means they're worth nothing right now...

The options issued in September 2019 were exercisable at 60p through to December 2021...so which is an indication of what could happen?

I believe the 25p strike price for Ingo is part of his remuneration package and incentivises him to get the very best deal that impacts the share price.

I for one have no difficulty with that...even at 50p they're only worth £1.25 million and he will have earned every penny...

[mknight] 04/5/2020 15:18

A right kicking today . Oh well buy a few more .

[lefrene] 04/5/2020 15:15

I see it as little difference from persons putting down payments of a housing development. Would be buyers commit up front with a deposit and borrow and finance in stages as the development progresses. The builder gets working capital as the project progresses, and the intending buyers have locked in their completion price. The builder has made a profit on the houses built but he has kept a slice of the site for himself to put up more houses using the profit from the early buyers. That's how I would expect Alpala to work out, the slice that Solg retains will fund other explorations and developments across the Solg estate.

In the case of a builder, if the market slumps he might be left with some punters who couldn't complete, properties which he then takes over and sells, and then mothballs the undeveloped section until things pick up. But at least with Solg I feel copper will be wanted, and also gold given the rate of fiat currency being created.

[rougepierre] 04/5/2020 15:09

So...ANSWER THE QUESTION...have you actually listened to the webinar...?

You have no stake here.

You say you invest in funds, so tell us which funds you hold?

And as you liberally dole out opinions every time you post, tell us what your investment strategy is going forward?

Otherwise you have zero credibility every time you post...

Have you read the definition of trolling...

"Trolling is defined as creating discord on the Internet by starting quarrels or upsetting people by posting inflammatory or off-topic messages in an online community."

[goldrush] 04/5/2020 15:08

A good indication of what could happen is the announcement of share options where recently Ingo Hofmaier got around 5 million @25p exercise price.....No way would he have joined us if he had doubts about getting the right kind of funding over the line PLUS he was going to get well rewarded for his efforts....IMHO

[lowtrawler] 04/5/2020 15:03

Lefrene, because whoever finances it will take the return. If there is no new equity, shareholders will be left holding diddly squat. Also, as DD has previously pointed out, you may well have a queue of willing financiers but they all want to be at the front of the queue for being paid. You only get this by having equity funders at the back of the queue.

[lowtrawler] 04/5/2020 14:59

See, that's more of a reasoned response. I agree with you. The BOD have been on a PR campaign to talk up the share price and so make it easier for them to raise finance.They have made certain statements which they can be judged against. The first will be this week's expected announcement on offtake finance. I see no reason to believe this will fail to be delivered but it's pretty easy.The big one which they have been hinting at but not committing to is the conditional long-term finance. It is this one that they need to talk the share price up for. I would love them to deliver on this but, as I have said, I don't believe they will be able to announce anything substantive in the near future.I am happy for others to take a different view and the BODs can certainly expect a lot of questions over the coming weeks if they fail to deliver.

[dozyduck] 04/5/2020 14:57

FSA watcher Nah ! Why should I know any better'n you Guv ?
Read the thread. You might get more of a clue than you seem to have.

[lefrene] 04/5/2020 14:50

Why would NM want to raise more money from an equity issue, when he appears to have a raft of would be financiers for the project?

[lowtrawler] 04/5/2020 14:36

Eventually there will be an equity placing, almost certainly a rights issue. NM will leave that as late as possible unless our share price happens to race ahead and present an earlier opportunity. Once you have done the equity raise, it's difficult to see a takeover happening.I think NM will want to raise at least 750m from equity.