Solgold Share Discussion Threads

[lefrene] 18/8/2017 11:48

hh, I feel your logic is sound, but we mere shareholders will never know. Up to now the company has been spot in all aspects, thus I suspect the LSE to have failed to communicate accurately. But no one can be happy about it, it's a let down for whatever reason, and just after large option awards to the managers.

I read today that BHP are investing $2.5 billion in cranking up copper production as they see prices likely to keep rising, good to see the big boys raising their game on copper.

[mam fach] 18/8/2017 10:39

At least share price not affected. It would be nice to have more information
as to what has caused delays in listing.
But it is of no consequence to us long term holders.
Keep the faith.

[herbert howells] 18/8/2017 10:05

"I think "incompetent application" comes under "foul up"."

I didn't mean 'incompetent application' to be an alternative to 'foul up' but a supporting comment to draw attention to a possible weakness in the interpretation.

This is the case for 'foul up': the company messed up the paperwork and were too red-faced about it to tell the market until the very last moment without the slightest attempt at an explanation.

The 'foul up' interpretation implies they were so embarrassed about the original foul up that they couldn't bring themselves to tell the market until it's so late it makes them look much worse than stupid but when they had to admit it they couldn't think of something to say to try to make it look better.

It doesn't ring true to me because it's not consistent. Somebody too embarrassed to admit a foul up in the first place doesn't finally own up without making some kind of excuse to make it look better.

But it could be a simple 'foul up' in which case the company has been made to look - or made itself look - incompetent.

[lefrene] 18/8/2017 09:54

ODR that sounds very likely, I guess LSE currently too busy grovelling to the Saudi's to pay much attention elsewhere. I'm not amused as I picked up another 40k a couple of days ago in expectation of positive news to accompany the move to the main market.

[lefrene] 18/8/2017 09:28

I think "incompetent application" comes under "foul up". They gave a specific date for joining the main market, when in fact they didn't know for certain that it would happen, someone has been misleading. In the meantime gold looks set to go through $1300oz and copper might have another go at $3lb. The delay might also provide the time to get some early information from Aguinaga.

By the way, does anyone here get Bitcoin? A not existent crypto currency that apparently is traded above $4000, what happens if the computers are turned off, does it cease to exist, in that it actually doesn't exist anyway?

[onedayrodders] 18/8/2017 09:22

yes lefrene .. very poor

[herbert howells] 18/8/2017 09:18

Not so sure it's a foul up. It could be an incompetent application and they're too embarrassed to own up and leave it to the last moment to tell the market.

Not sure it's as simple as that. I think there would be some bullshine in the RNS to cover up the red faces and they'd have done it sooner to make it look not so bad.

My guess is ongoing negotiations with Cornerstone or somebody else could make the current prospectus out of date too quickly for a listing today.

But it's just a guess and maybe a lot of wishful thinking.

[lefrene] 18/8/2017 09:00

And NO explanation! A big dent in the confidence one had in the managers, they must have known about this before now, but leave it to the last moment. Behaving like a typical AiM stock. The MM's won't have to do much to drive this down now.

[onedayrodders] 18/8/2017 08:44

Disappointing RNS

perhaps explains why share price has hit the buffers

[herbert howells] 18/8/2017 08:30

Apparently not.



There's an obvious question. Just wish I had a clue what the answer to it is.

[lefrene] 17/8/2017 18:00

I wonder if tomorrow will be the last fling of the AiM MM cowboys? ie drive it down to harvest stop losses, to hand over to their insti masters?

[lefrene] 16/8/2017 13:22

On special offer for lunch time only?

I suspect that joining the main market next week will be fairly neutral on the price since there will presumably be some AiM specialist funds that will be obliged to relinquish their shares for the sake of compliance? Quite likely shifting them into another fund operated by the same institution? It would be good to see some positive updates early on though just to herald Solg's arrival in grown up territory, and it's escape from the gaming room that is AiM. .

edit 14:06, lunchtime over :¬)

14:33, and copper nudging up again, wot's not to like :¬)

[lefrene] 15/8/2017 12:00

Well I hope there are a number of blokes sweating it out in a jungle getting drilling rigs into action asap :¬) Speccy shares like this need good news to nudge them along, especially when they are pushing £600 millions. It might be Christmas before that maiden resource report comes, or we see much from preliminaries of Aguinaga. On the other hand, some big hitter outfit might try an early pounce?

[filterwest] 14/8/2017 12:47

Its so quiet here guys. Whats going on.

[filterwest] 12/8/2017 14:54

Lefrene - Agree plenty of institutionals wants to buy this for their portfolio.

[lefrene] 12/8/2017 11:19

I see a quiet week next week, and then a day after they join the main market, I expect to see a steady roll out of good news. ie drill/assay results, perhaps an early report on the first few metres of Aguinaga? Even may be an interim report on the Maiden Resource Statement? There are plenty of good reasons for Institutions to buy Solg, no harm in turning the spotlight on to illuminate them a little better.

[bigdazzler] 12/8/2017 04:00

I'm not shorting these but I see a period of weakness coming soon.

[alwaysevolving] 10/8/2017 14:14

Agreed Lefrene.

[lefrene] 10/8/2017 11:42

Those options though feel like the onset of greed, given that NM considers Cascabel has enough resource to make this 10 bag. I'm all for reward for effort, but they are all getting paid, I'm happy that people should get share options, but tens of millions of them! I think we already have more than enough shares in flotation without yet more dilution.

[mam fach] 10/8/2017 10:34

People are holding on to their shares.
Just hold on and don't forget its been a steady rise.
There's been no pumping and dumping.

[onedayrodders] 10/8/2017 08:15

The market can be irrational for a while but never stupid.

Chill ... If it was that easy we'd all be overnight millionaires

[filterwest] 09/8/2017 21:06

why the hell the share price is going sidewards? They moving to main market for godsake. Comment guys.

[mam fach] 08/8/2017 17:46

Holding on to my shares.Said this many times.
Been holding since before Ecuador. What a find.