Solgold Share Discussion Threads

[arcadian] 24/6/2020 11:07

Low

I don`t know what Newcrest and BHP are thinking or what they intend. I pay Nick to do that. He is in charge and knows more about this than I ever will so I don`t worry about it. It saddened me that you should stress "risk" so much and worry about something which may not be true or that important as we finance the future production of our assets which are in short supply and rising in value. The bit that made me realise that your cup is half empty was the use of "ONLY" when you concluded that all we had to look forward to was more gold and copper or a takeover. If either happens as is increasingly likely we will be winners.

The world needs and increasingly values gold and copper. That`s the business we`re in.

[rougepierre] 24/6/2020 10:39

Meanwhile another excellent day for Blackrock, CEY, GPM and POLY...onwards and upwards...

[lefrene] 24/6/2020 10:18

It would seem to be politics and gaming by CGP that is holding this back. Eventually that will be resolved, money to develope Alpala will be agreed, and more resources will be discovered on some of those 72 other properties. In the meantime metal prices will rise against a weakening Dollar. But the time lag is a cost to capital locked into the shares just now, so I guess it will keep churning at these levels until something happens that moves the enterprise forward. Or of course a predator pounces.

[bag158s] 24/6/2020 10:10

POG is above 1775 now will be over 1800 today or tomorrow. SOLG will head over 35 soon.

[lefrene] 24/6/2020 09:54

I don't think the price of gold is moved by fears of the virus, although it probably helps, it's the endless fiat currency creation that is driving a search for something real, and gold/copper are real and in demand.

[nas_daq] 24/6/2020 09:29

Lol not sure why they are so cheap....hilariousno way to get to production and hardly any cash might have something to do with mkrampynight....Pull your head out of the sand and open your eyes.......

[arcadian] 24/6/2020 08:57

Very sensible. Me too.

I appreciated Rouge`s rebuttal of Lowloader`s pessimism.

Low can ONLY look forward to more discoveries , a takeover etc --poor fellow

PS 22 million oz of a byproduct----

Gold hovers near 8-year high as second coronavirus wave fears mount

[mknight] 24/6/2020 08:27

Arcadian . I bought more yesterday and will buy as many as the pocket can afford at these prices . Not sure why we
Are so cheap but like the 10p opportunity i will take it with both hands .

Keep buying .

[arcadian] 24/6/2020 07:41

And we just happen to have shedloads.

PS and 22million oz of gold

[pecker1] 23/6/2020 20:17

ha,ha! selling out of Blackrock. Already in a couple of other gold funds. No. I'll stick with the dour Aussie in the hope that one of the drills in the regional exploration hits big.That said, the opportunity costs of staying here are getting tiresome when so many other gold stocks are taking off.

[rougepierre] 23/6/2020 19:46

Selling out of Blackrock or SOLG...?

I'm sticking with both...target 2,000 for Gold & General and 40p to sell half SOLG then hold the rest until they get taken over...

Good luck

[pecker1] 23/6/2020 19:43

rougepierre,

Thanks for posting the link. I see that lending out securities helped lead to a large increase in revenues. Enough for me to want out, so I will be selling on the next slight decline in gold and reinvesting elsewhere.

Not that they will notice such a mere speck of sand until many others do the same in protest. Never invested in The old Barrick Gold for the same reason: the daftness of a gold producer selling its future production short. Ended up with Barrick nearly going bust and losing its "loyal" shareholders billions of dollars.

Bristow is no fool and would not dream of making the same crass mistake.

[rougepierre] 23/6/2020 18:12

Sorry forgot to insert the article. Its in now...

[pecker1] 23/6/2020 12:00

rougepierre,

Good post about Solg being a gold stock.

A few weeks ago you mentioned you also held the Blackrock Gold & General fund. I stopped investing more when they sent me a document which in the small print said they were now allowed to lend out their holdings to others who wanted to short stocks. So, to earn themselves some more cash, they would be prepared to see their own holdings shorted. IMO, a pretty stupid thing to do. You seem well connected and I just wonder if there is any way of finding out if they are lending out some of their Solg holdings. Would help to explain why solg is so undervalued despite positive newsflow.

[rougepierre] 23/6/2020 11:59

2 million sell this am...I'm presuming its Cornerstone again...

[rougepierre] 23/6/2020 11:54

Its ok he's filtered, so he's only playing to the crowds...pathetic...

[lefrene] 23/6/2020 10:14

Can't complain about the progress of gold and copper prices, none of which is reflected in this company.

[alwaysevolving] 23/6/2020 09:08

You got nothing better to do than troll a complete stranger over the internet Nas-daq? Give it a rest mate.

[nas_daq] 23/6/2020 08:28

Perhaps if you hadnt buried your head in the sand you would not have bought at 26p the previous week, good to see you are one of the 90 percent though....
Lol it will rise quickly when drilling starts, you are 20 years too late .......when any company drilling rises without results....

mkrampynight you will never learn and destined to remain in the 90 percent.....

[pob69] 23/6/2020 08:19

New Member of the Technical Team - GREG HARBORT GENERAL MANAGER PROCESS AND METALLURGY Solgold SOLG $SOLG $SOLG.L $CGP #cascabel #ecuador.

"...In the two years prior to joining SolGold he was involved with design and life of mine geo-metallurgical planning for the Oyu Tolgoi concentrator expansion to allow treatment of the Hugo North block cave ore."

[mknight] 22/6/2020 16:20

Rougepierre.

A fair post . The placing obviously helped bring the price back down to 20p .

Good drilling new wont be far away imho when this rises it will rise quickly

The placing price was cheap but needed .

[rougepierre] 22/6/2020 15:29

Hi low trawler

I'm sorry but I have to completely disagree with most of your post.

Solgold is now a gold play...mature gold reserves are being played out across the globe.

My own view is that the current weakness is down to two converging factors:

The recent Placing...it is not at all uncommon for a share price to languish and even slip below the placing price...one of the main reasons is weak placees or underwriters feeding shares into the market, which doesn't help the short term knock to confidence of investors disappointed with 21.5 having been over 30p only weeks before;

The second reason is that undoubtedly Cornerstone are steadily selling into the market...and why wouldn't they? The weaker the SOLG share price the better the terms they get on the share swap if they get taken over.

Irrespective of this, CGP clearly have a working capital problem and SOLG shares are the most cost-efficient way to raise cash at the moment.

Why would either BHP or Newcrest walk away...they have 14% of what will be a major global play that either they or another prospective buyer like Barrick could make worth over 100p, especially if the gold price continues to rise to $2,000 or more (as predicted by Goldman Sachs).

Mature companies like these don't 'take the huff' and shoot themselves in the foot by dumping stock that could end up being worth five times as much if they simply hold on until a buyer emerges...

Worst case for Newcrest, they end up block caving Alpala, with a tidy income stream and steady capital gain;

Worst case for BHP...they end up with a stake in a major global competitor or have to sell out for much more than the highest price they paid...

The markets are 'efficient'...prices are determined by supply and demand...at the moment there are sellers, but if they get exhausted or the gold price continues to rise, demand will outpace supply and the shares will rise...

Meanwhile we are going to get a steady stream of drilling results while on the sidelines up to nine prospective bidders play 'chicken'...

AIMHO as usual...