Solgold Share Discussion Threads

[lefrene] 13/6/2017 16:53

Plainly some players in this market know more than others. The share price got manipulated before the last fund raising, is it the same gamesters again?

[sthelensrlfc] 13/6/2017 16:36

Clearly not normal trading with two days running of 7-8% drops. Not sure they would go for as large an amount as 100 mil in one go, but 50 mil at 35p a share wouldn't be too bad, although still annoying in the way the share price drop is being managed

[mknight] 13/6/2017 15:44

If you was running the company with so many projects on the go how much money would you want to raise to push them through quickly - Cascabel has taken 4 years up to now - I am sure they want the results before they retire .

What price to raise 100 million ?

[lefrene] 13/6/2017 14:50

Could well be. Perhaps some know that the up coming listing on TSX and move to the main market, will be accompanied by again passing the hat around?

[sthelensrlfc] 13/6/2017 14:33

Great update by the company, highlighting the ever expanding resource and other high potential prospects. I can only think it is funding of the planned drilling programme that is behind the drop. As alluded to by other posters earlier, is there a placing in the offing which is already known to the chosen few, who are selling ahead?

[mknight] 13/6/2017 14:22

Must be something to do with the listings .

[sthelensrlfc] 13/6/2017 11:20

Thanks ODR - all looks promising.
Also this interview too is worth a listen:

[onedayrodders] 13/6/2017 10:50

"Getting very close ... News on TSX & LSE listing inside 3 weeks"

:O)))

[sthelensrlfc] 13/6/2017 10:43

If it is a placing, I would hope they would be able to get it away at least in the mid to high 30s. Much below that would be seen as mates rates and two fingers up to the small PI

[onedayrodders] 13/6/2017 10:34

The discounted placing suggestion is gaining credibility with this action.

hard to justify with anything else

[lefrene] 13/6/2017 10:32

ADVFN trades counter adrift again with double buys to sells, but the price still going south. What is persuading people to sell?

[onedayrodders] 13/6/2017 10:31

Wondering whether short term "TSX listing" punters have got fed up waiting

[sthelensrlfc] 13/6/2017 10:28

Lots of small sells pulling the price down. Looks like a managed decline to me

[mknight] 12/6/2017 20:51

Maybe raising funds at a lower price . If so it should bounce back after an annoucement .

[naughtynicky72] 12/6/2017 19:47

-8.14 % , Bad Start To The Week ! .

[lefrene] 12/6/2017 18:32

But was it really a buy, or a disguised sale? If it's a buy then it suggests that MM's dropped the price in order to accommodate a large buy order. Surely couldn't happen on squeaky clean AiM?

Gold and copper haven't plunged, the $ is a safe bet against the £ these days, and the 15 billion tons of ore in the ground has not evaporated. I guess a case of summer wobbles, eventually the drilling gets done, the resource report is made, the TSX listing is made, and then perhaps the value will out.

[sthelensrlfc] 12/6/2017 18:30

Agree re: tomorrow's trading will be interesting, especially given the recent relative stability in the price (+/- 2-3% intraday swings). If it bounces back then most likely just filling an order. If we see a similar drop to today, then potentially something more significant known to a privileged few.

[mam fach] 12/6/2017 18:18

Interesting to see what price this will be tomorrow.
Do have to ask are we stupid to hold on or will holders who sold today regret it?
Certainly that late buy of over 1.3 million shares makes one suspicious.

[lefrene] 12/6/2017 17:48

5 million buys versus 3 million sells and the price drops. ADVFN trades monitor must be in need of some attention. Presumably a good many sells were reported a while after the fact.

[lefrene] 12/6/2017 16:05

Anything untoward happening in Ecuador politics that might undermine confidence? It would be typical of a socialist administration to kill a goose before it laid an egg.

[noccer] 12/6/2017 13:42

Last I saw the maiden resource would be after the drilling results from the new rigs kicking off in spring next year. So reckon its easily a year off. Since then they have added 16000 square km of new ground including 14 new project areas - so plenty of scope for diluting their efforts. Its all looking really positive, but I reckon lots of patience required - though always the chance someone large will step in.

[lefrene] 12/6/2017 11:45

Noccer, the trouble with AiM is that all sorts goes on, it could be someone wanting to sell a largish stake, or it coud be a mark down to shake out stock for a sizeable buyer. Certainly the delayed resource statement and subsequent delayed listing on the TSX will have worn out the patience of some.

[noccer] 12/6/2017 10:16

Seems like someone has decided its too long to wait for this. What I think we need now is holes drilled which don't find ore - as only when they find the limits of the resource can they head towards a resource statement. Everytime they find more ore, the deadline for the maiden resource statement moves further down the road. Of course if they do find a region of very rich ore or near surface ore, then can't help but think that would be good for the project economics and excite the interest of big players.

[onedayrodders] 12/6/2017 09:50

Consolidation now is not a bad thing and ensures more a solid move up next leg.
Getting rid of some froth now is a good thing before the newsflow picks up.