Solgold Share Discussion Threads

[pecker1] 12/9/2017 10:10

FWIW, anyone who adds some more at these prices will at least be paying considerably less than the 41p paid by Newcrest back in June. The delay with the listing has not helped because it creates doubt where there was none.

But I still think Nick Mather made the right decision to defer drilling Aguinaga until the resource statement is either ready or when they decide they have enough holes in the bag to do the calculations. Success at Aquinage back in June/July, especially if they had hit shallow viable mineralisation, would probably have prompted a serious bid from the likes of BHP. However, that bid could turn out to be a steal if copper and gold take off. In short, shareholders stand to gain far more if only they are prepared to hang in here for another 18 months or so.

[lefrene] 11/9/2017 15:44

I notice in that other place that there seem to be hired FUD merchants that almost post around the clock, thus one concludes that the 'names' are being used by more than one person and working in shifts. So somebody thinks it is worth going to the expense of hiring persons to do this? The game is indeed to drive shares out of timorous hands into stronger hands. I didn't foresee the possibility of a fouled up main listing and bought more on the eve of that listing at a touch under 37p, which is the highest price I have paid. I have every confidence that this huge asset is worth a lot more than the current market value. Not just because of it being the biggest richest resource found in more than a decade, but also because of the favourable infrastructure transport/water/power, all of which will greatly reduce start up costs, and also accelerate that start up. The utility of all that infrastructure is probably worth a couple of $ billion in money and time saved in not having to create it.

I hope at some point the big boys will fight over Cascabel, and Solg can take the money and get on with rapidly exploring the other properties it has. What's Cascabel worth? Given the savings on infrastructure and thus speed to production, plus the mmoted 15 biilion tons of ore, I'd guess if somebody paid $5 billion for it, they would treble their investment over the course of mining it, and possibly more if a copper squeeze occurs.

[onedayrodders] 11/9/2017 15:20

Reading LSE chat it's clear there are quite a few sitting on sizeable holdings from the sub 3p days (not me unfortunately) and I guess scaring them into selling would be high on the mm agenda

[onedayrodders] 11/9/2017 15:19

indeed lefrene ..that's also a distinct possibility

[lefrene] 11/9/2017 15:03

ODR, this is such a dirty game that I wouldn't be surprised to learn that a predator is doing their best (and it's working) to drive down the price before making a pounce. The incredible gaff of fouling up the main market listing was just a gift to such interests. No doubt once that listing finally happens we will see some fresh large holders appear on the register.

[onedayrodders] 11/9/2017 14:48

hard not to completely rule out a short spell in the 20's due to this main listing delay.

ho hum

[lefrene] 11/9/2017 12:43

mam fach, it's just the screw up over the listing that is allowing the MM's to play their games. Solg went from not putting a foot wrong, to just another lying AiM outfit that don't deliver on the talk! In the actual world nothing of substance has changed, still billions of tons of ore and tens of millions of tons of refined metals to be harvested, and that's just one part of one tenement. Metal prices are rising, and for the foreseeable future no fresh funds need to be raised, so hopefully the dilution has halted.

We don't know why the main market listing was missed, but at least as time goes by more metal gets proved up, metal prices rise and the case for profitable extraction becomes more attractive. Look in again at Christmas, when things will have come together, the corporate musical chairs should be finished and, they might even have a pilot hole or two in the other rich looking parts of Cascabel.

[mam fach] 11/9/2017 12:28

Only the faithful few left here.
Hanging on.
Might as well.
Not an awful lot more we can do.

[lefrene] 11/9/2017 11:54

One thing that's low right now is the share price. Three weeks before they have another go at the Main market, and at this rate it will be circa 25p by then.

[onedayrodders] 09/9/2017 09:52

"I agree that windfall tax threshold could turn out to seem rather low in two or three years"

I reckon could even look low in 2 or 3 months !

[happyholder123] 09/9/2017 08:59

HNR -
TWO wells successfully drilled with abundant oil and gas in samples extracted!
Fracking and FIRST OIL next month!
Don't miss this train!

[onedayrodders] 08/9/2017 19:54

cheers lefrene ... I think the $1500 gold windfall tax kick in threshold will turn our to be a very very low figure and this time next year we would already be past that.

They don't explain the formula once it applies

I'd like to know what it is

[lefrene] 08/9/2017 15:11

New video, most useful new information is the cost advantages of the location with money saved by existing infrastructure, plentiful water, and cheap electricity. Not only is this one of the biggest finds but it will be cheap and comparatively quick to begin extraction.

[onedayrodders] 08/9/2017 12:47

Interesting that the very bullish chart link I posted here a few days ago mentions a Gold correction from around $1378 back to $1300 to scare the last few nervous out before a completely clear run.

Charting alone is not always enough but I will be keeping an eye on Gold when it reaches $1378.

[lefrene] 08/9/2017 12:35

Gold is wanted this morning ODR even if copper is taking a bit of slippage, so perhaps your $1900 target is not too fanciful.

Nothing happening here until that Main Market listing and hopefully soon afterwards the initial resource report. Then more waiting as a cost analysis for extraction is put together, but hopefully more drilling will prove up other parts of Cascabel, and perhaps one or two of the new prospects might get some initial drilling.

One of the aspects that I like about Solg is the expertise they are creating in rapidly identifying high value prospects. That technical expertise has a high value in itself since it saves huge amounts of time, money and, wasted effort.

So which big hitter is going to try to snaffle Solg on the cheap? The longer they dither the more Solg is going to cost them.

[onedayrodders] 07/9/2017 16:52

Gold back above recent high and as I mentioned here without war stories today

I'm convinced the bull run is back on for precious metals and we are on our way to take out $1900 over the next 12-18 months and could even surprise sooner.

[onedayrodders] 07/9/2017 12:46

Hhmn .. mini rally petering out

[onedayrodders] 06/9/2017 13:21

I think the fear factor rather than real adoration is the key !

[lefrene] 06/9/2017 12:14

ODR you will have to content yourself with running your fingers through the hair of all those adoring females who are after your money. :¬)

Rather worrying that humans can be conditioned to adore a monster who sports the biggest bogbrush hair style known to man. But then I suppose the other one has the worst comb-over on the planet.

[pecker1] 06/9/2017 12:13

I've found that I now have to read each Solg news release at least three times with a reasonable interval between each reading - maybe I'm just thick! But there is a lot of information to absorb with numerous drills at work in different parts of Alpala and nearby.

For example, it was only after reading for the second time that the implications of the sentence about the possibility of a second block caving operation sank in.

Still think there is a great story unfolding here and the downturn in the share price is a good opportunity to top up.

[onedayrodders] 06/9/2017 11:16

I'm with you on all that lefrene except I believe Gold has broken through an important technical barrier and won't need the bad haircut bloke.

That said I'd take his hair today ... any hair would be a plus nowadays

[lefrene] 06/9/2017 10:14

ODR, If you've been there you will know the general level of education is shockingly abysmal, and anywhere South of New York the level of brainwashing is such that the only safe thing you can say is, "America's Wonderful". Looking at that tape though it's interesting just how quickly Trump turned into a typical politician, no moral compass whatsoever. One thing I notice with Americans though is that they never trust promises made by big organisations, because it always turns out to be a 'come on', it's always a lie. I found this out when I went to visit the "biggest transport museum in the USA". Oh yes it did cover 110 acres, but it was all scrub except for two old hangars that contained a handful of exhibits! So not actually a lie, but then not actually delivering on an advertised promise either! I suppose it all comes down to which flavour of lies you prefer? Perhaps not so unlike a stock market.

Not much doing here this morning, months to go before that much needed initial report, and almost four weeks to a second attempt at a Main listing. I guess gold will slip back if that bad haircut bloke leaves off the fireworks for a bit. So short of a surprise bid, it's a case of 'nothing to see here' for a while.