Solgold Share Discussion Threads

[lowtrawler] 09/7/2020 12:13

2m volume by midday is still pathetic. Nothing to hang your coat on for direction of travel yet.

[arcadian] 09/7/2020 12:07

mk

Brakes are being applied judiciously but there has been strong buying this morning. We could use a well judged book buy at the moment to prevent a relapse.

PS It arrived at 12.54pm

[plentymorefish] 09/7/2020 11:57

Isn't that the same type of hat that Sherlock Holmes used to wear?.....

[greenelf] 09/7/2020 11:55

Do fear for your mental health. Morphed into a deranged stalker.

[nas_daq] 09/7/2020 11:51

Or maybe your t trades are struggling.......

8 months to a general election, if the anti mining opposition get in I hate to see what will happen to mkrampynights t trades........ouch

[mknight] 09/7/2020 11:49

Breaks are off at the moment nothing to stop us going to 21.5 today .

Maybe the Franco news has leaked .

[trev1223] 09/7/2020 11:27

rougepiere
Many thanks,I took a punt on 16 June and like you say I am on 50% profit. can't thank you enough.

[lefrene] 09/7/2020 11:02

CGP makes a good stalking horse for a predator, there's a wonderful irony in a company that would likely be unable to raise the finance to secure it's principle asset, and thus see it's market value slump, and yet it's bid up simply as a tool for some other greedy operator trying to get Solg on the cheap. I guess we are now in the foothills of a takeover move for Solg. Lets see who turns up to the dance.

[lowtrawler] 09/7/2020 10:53

CGP is complicated. In any bid situation for SOLG, the bidder will also want to get hold of CGP. There is bad blood between CGP and SOLG which means CGP will try and encourage bids for SOLG, and by implication, themselves. If this comes off, CGP will get a much better deal than the one on the table. If no bids arrive, CGP are in a precarious situation. Personally, I don't think they can find their share of Cascabel development and so they would end up handing it back to SOLG and the remaining CGP will be nearly worthless.For CGP, it all hinges on a SOLG bid taking place.

[pob69] 09/7/2020 10:47

It isn't a detailed report - that is for sure....

[arcadian] 09/7/2020 10:41

Thanks POB but do you think that they are not allowing for the leverage that Solg has over Cornerstone in that this is not a free market situation?

[pob69] 09/7/2020 10:28

Fundamental Research Corp review of offer on page 9. Fair value $4.66 Solgold SOLG $SOLG $SOLG.L $CGP #cascabel #ecuador

"...We believe SOLG will have to significantly up its bid to get CGP interested."

[arcadian] 09/7/2020 09:11

Pity the recall of a director didn`t have the same effect here.

[rougepierre] 09/7/2020 08:49

ADT1 up 22% today..if you followed me in you're looking at 50% so far...

[arcadian] 09/7/2020 08:18

Copper, gold Anto and Kaz racing away and we are lulled gently by the breeze of some caring party as yet to sing us a lullaby. Let`s hope that we can reply with



We need patience now more than ever.

[lefrene] 09/7/2020 08:15

pparech20, I guess there's nothing stopping Newcrest and BHP doing a deal after Newcrest buys it? But at leat a take over attempt should flush other predators out of the woodwork. Perhaps NM needs to get a few night shifts in, and get that pre-feasibility done ahead of schedule and surprise us on the upside just for once.

[nas_daq] 09/7/2020 08:07

Who aren't interested and didn't even bother to maintain their holding in the last placing.......Cmon mkrampy you can do better than that now that you are down on your gambling sorry errr investment......

[mknight] 09/7/2020 07:50

An offer would unlock BHP

[nas_daq] 09/7/2020 07:05

Pmount....unfortunately for mkrampynight shorters are already hugely in profit from munters like mkrampynight.......it is like taking candy off a baby......
Mkrampy should stick to trying to get out of the bunker............


mknight - 16 Jun 2020 - 13:18:18 - 23097 of 23488 SOLOMON GOLD: EXPLORING 100% OWNED SITES FOR 40M+ OZ AU; JV WITH NEWMONT MINING - SOLG
I am sticking to solgold until christmas . Seems really undervalued not even going to trade it . Got my little lot and will wait .

[pparekh20] 09/7/2020 00:06

For me, it doesn't make sense that Newcrest would hire an investment bank to help them decide to sell shares in Solgold.

They are aware of the fact that BHP are tied down till October.
They are also aware of the fact that the financing deal with Franco doesn't get signed till end of July post the site visit.
For me, this seems like them preparing for a potential takeover bid before the Pre-Feasibility is complete.

NM had said that it isn't good for both parties when a takeover happens during the time they are working on a pre-feasibility study. That makes sense to me... however...
With the share price so low, for Newcrest this is the perfect opportunity to prepare for a takeover and surprise the market whilst shareholders are still annoyed with the recent dilution.

In summary, my take is that there will be a takeover bid before October. Let's see what happens...

And if this does happen, it isn't going to be a 60% premium (can't remember what the source was, but this is meant to be the average rate of takeovers at the moment)...
Again with the share price so cheap, I think there will be other bidders bidding this price up!

GLA

[mknight] 08/7/2020 23:38

Pmount

Respect your opinión. Not mine so lets see where we end up .its not a race one must be patiant. Maybe you will get your 15p and i will get my 40p .

Everybody happy .

Remember i am happy to hold at 15p . Will you be happy to be short at 40p .

Also dont forget i was happy to buy from 16p down to 10 and all the way back before selling at 28p

I then bought back some at 26p before offloading ar 23p .. yes i make mistakes and now average around 20.3p alot lower than those who bought in at 21.50p for the placing i may add .

But as i said its not a race but should this month be the last for Solgold i will pocket 300k profit should the takeout be at 45p .

[pmount] 08/7/2020 22:50

MKNOUGHT still no takeover yet then. 28p dirt cheap. 25p dirt cheap. 20p dirt cheap. 16p dirt cheap next week. mknought and sol like wasting time in dirt next spade full will be full of gold nuggets and takeovers. safe short to 15p been overramped.

[mknight] 08/7/2020 22:43

Arcadian

Not really courageous just i thin 19p is a stupidly cheap price . It may go to 16p or less but with gold , silver and copper on the move i dont see much risk as long as i dont need the money ad have to sell .

There is also the fact that when Alpala
Comes into production there will be less
Copper in production as many mines are off there peak production .

Question for NM next week .. have the 3 projects started drilling ...how many rigs on each .. when did they start .. how long before first results .. how many meters can they drill a day .. how many meters will they drill to .

[nas_daq] 08/7/2020 21:54

Or he just lies to facilitate his ramping mknight - 27 May 2020 - 14:11:01 - 22688 of 23285 SOLOMON GOLD: EXPLORING 100% OWNED SITES FOR 40M+ OZ AU; JV WITH NEWMONT MINING - SOLGThanks Phattrader sold a few banks andJD sports and topped up here with another 150k between 26.80 and 26.70 ..Might take a few more later .Thursday tomorrow always a good day for news .

[arcadian] 08/7/2020 21:21

You are more courageous than me or more likely have more money to risk. These are two
important milestone I would prefer to have confirmed but the Franco deal is the clincher and I await it with eagerness within that vague "Imminent" as Charles said "Whatever that means"