Solgold Share Discussion Threads

[mam fach] 28/9/2016 10:48

This is the dilema. But what a pleasant one. To sell or hold on. Sold some years ago only to see price fall back. Too scared to sell. Think I have to be brave and hang on. It looks like things are finally coming together and we are about to be rewarded for our faith.

[wisteria2] 28/9/2016 08:47

Morning lucky ones! 30p in no time!!! who knows but somebody keeps buying!! GLA HOLDERS

[edwh] 28/9/2016 08:30

Still to scared to sell but could do with the dosh!!!!!

[cuthbert cuthbertson senior] 28/9/2016 08:14

Like I said earlier this week today we see 20p but how much further? could be quiet a bit f

[jamdan1] 28/9/2016 07:39

Some late trades have appeared. A million buy at 18.3?

[chavitravi2] 27/9/2016 17:08

18.20p paid for 200k on the bell. Reckon it will go up again tomorrow.

[brahmsnliszt] 27/9/2016 17:04

Decent volume today. Nice indicator that I find. Large volume on a rally. Although I did top slice a little above 18 today from recent top ups.

[sorrento06] 27/9/2016 13:23

Why sell your shares so cheap when this is finally going to pay off. Ppl DYOR!

[smoothtrader] 27/9/2016 13:14

Ure right..as soon as a there is a flux of sellers...someone just keeps moping them up

[sorrento06] 27/9/2016 12:47

Look at all those sells and the price isn't dropping. Someone is buying big!

[smoothtrader] 27/9/2016 12:44

Lef. So agree with your post. Ure right about interest...if NewCrest pays double that says it all.What ever happens...we'll all have a huge smile on our faces. Assuming one holds on.

[lefrene] 27/9/2016 12:34

wisteria2, to be frank I have little idea as to what Solg is truly worth, other than it seems to be a huge resource in a country with reasonable infrastructure and a government minded to encourage miners.

A huge mining house (Newcrest) who know their game, have just paid double what they wanted to pay a few weeks ago, so there must be more than one interested party out there.

In the end it will be a mining business, cost of extraction/processing/shipping against the market price of the metals extracted. A simple costs versus selling price of finished product, like any other manufacturer. Getting the raw material at the right price is crucial in the balance. All that Solg has is the raw material, although a feasibility study will help to identify the real value of that raw material.

If the resource is truly huge, perhaps 30 years worth or more, we might see a contest to bid for it, on the basis that over time, real useful things tend to rise against fiat currencies. Buy it now to lock in your future advantage.

Whatever happens I'm just going to wait it out, whether it becomes a target for a big buyer, or whether they do a partnership deal.

[sorrento06] 27/9/2016 12:33

£1 a share, they better be quick!

[wisteria2] 27/9/2016 12:16

Lefrene, would be nice 2 and a half quid a share!...my guess will be sold to a miner for a £1.00 a share. GLA HOLDERS exciting times for gold stocks.

[yufff] 27/9/2016 11:59

AP Findlay

If you have level 2 which I do you can see it's the MM's who are looking for stock moving around on any sized trade

IMO they are unsure which price to market the stock at

So what if there are sellers

The next few pieces of news will lift the stock higher and a rerate is on the cards

Whatever your game good luck

[wirraltrader] 27/9/2016 11:41

Are the black trades buys or sells?

[sorrento06] 27/9/2016 11:02

Regretfully sellers'An investor who sells into the rise and attempt to belittle remaining holders to justify their decision after the stock continues to rise'

[lefrene] 27/9/2016 11:01

apfindley, I agree it does happen, but of course there are also those out to talk prices down for their very same masters. In the case of Solg there is plenty of evidence to underwrite resource values, and plenty of evidence of the interest of major mining houses, eg the uplift from 8c to 16c paid by Newcrest for their holding as they pay in £millions (real money) to fund on going exploration.

[wirraltrader] 27/9/2016 11:00

Is it wise topping up at this price ?

[smoothtrader] 27/9/2016 10:52

Someone knows somethings we don't. I'm liking the ride tho

[apfindley] 27/9/2016 10:48

ORGANISED PUMPINGThey buy in a sudden flurry to spike the price and get punters interested, and will then move onto the next stock.

[billthebank] 27/9/2016 10:46

Wow 18.5 and maybe time to take breath?

[lefrene] 27/9/2016 10:45

You can sell if you want apfindley, but with insiders holding options at 28p, I'd say that 28p will come and go in a few weeks or sooner.

[wirraltrader] 27/9/2016 10:43

Wat is going on hear, crazy

[sorrento06] 27/9/2016 10:40

Really wish I didn't sell my shares at 3p. Bought back in at 16p : (