Solgold Share Discussion Threads

[lefrene] 24/1/2018 15:50

I do wonder that just as those 180 million shares come to the open market, if we will see a bankster backed buy out at circa 45p? Having ground it down to this level there would be plenty happy to let it go cheap in order to almost double their bet.

[lefrene] 24/1/2018 15:25

As low as the banksters want it to go would be my guess :¬( The assets here are huge and growing, although to be fair one can only crystalize value when you sell part of it to a miner. I'm expecting Cascabel as a whole to have 15 million tons of Cu eqv which at current circa £5000 a ton has a worth of £75 billion and 2% of that is £1.5 billion, and that's just Cascabel. I read today that China is pouring billions into methods of mining the seabed, well Cascabel is going to be a heck of a lot cheaper to mine than the sea.

[alwaysevolving] 24/1/2018 14:57

And sub 24p! This decline seems relentless despite great news. How low is this going ffs?

[lefrene] 24/1/2018 10:42

A positive article, thank you. Now we just need some buyers!

[lefrene] 24/1/2018 10:06

That rns is about as good as it gets but still seemingly not enough to stop the banksters games. Gold doing well this morning too.

[rougepierre] 24/1/2018 09:53

Outstanding article...highly respected M&M commentator/investor, Rick Rule...

Gold on a tear...will copper follow...

hxxp://www.mining-journal.com/capital-markets/news/1311001/-puck

[master rsi] 23/1/2018 17:13

Gold UP this afternoon

[pecker1] 23/1/2018 12:38

Point taken re NM and Aguinaga. Perhaps his reluctance can be explained by the need to ensure they maximise their chances of a successful hole. Hopefully by now their analysis of the Spartan survey and magnetic modelling will give them the confidence to select the best site from which to drill.

IMO, a lot will hang on the next RNS as to whether you get your 20p!

[lefrene] 23/1/2018 12:06

One gets the impression that quite a few are giving up on this, which is quite understandable when you see capital being destroyed. I guess I should have known better when that 25p bought deal came to light involving C-G. At the time it didn't seem possible that it could fall as far as 25p, now it seems perfectly possible it could fall to 20p! I shall keep a wedge to one side and see how cheaply I can get another 100k, it's 66 days to April and the arrival of the 180 million new shares, so lots of waiting to be done :¬(

[pecker1] 23/1/2018 10:51

lefrene,

I'm saying NM has to address the falling share price and shareholder sentiment otherwise, as you say, the big boys will grab Solg on the cheap. That's why the BOD need to be flexible and adjust priorities as the circumstances change. Surely, assigning just one of the twelve rigs on site to Aguinaga would not be such a radical change in priorities? After all, it was Solg who said way back that they would drill Aguinaga during 2017.

[pecker1] 23/1/2018 10:13

According to the link posted on the LSE website for Solg, the last ten minutes of his presentation were plagued by technical issues with his laptop malfunctioning. These kind of mishaps always seem to happen at just the wrong time!

However the MRE has done nothing to stop the relentless slide of the share price after the recent placing. Think the BOD need to address this rather than shrug their shoulders. Judging by shareholder comments on BBs, they need to start by drilling Aguinaga as soon as possible. The reasoning here is that it may offer a shallower resource which could be developed sooner than Alpala.

The forthcoming PEA should lay to rest any concerns that the depth of Alpala is a problem but some advance info/education on this would be welcome too.

[lefrene] 23/1/2018 09:48

Perhaps Mr Garwins talk didn't go down so well? :¬(

[pecker1] 22/1/2018 19:54

Well Steve Garwin has given his presentation in Vancouver.Perhaps the labs had a week or so off over Christmas and new year so drill results RNS delayed. let's hope it's a stonker when it comes as sentiment could do with a boost.

[lefrene] 22/1/2018 12:41

I guess if the game works out for them, then the banksters now get to cover in the open market and still retain their holdings when they become 'real' in April.

[onedayrodders] 22/1/2018 12:23

Yes bitterly disappointing

[lefrene] 22/1/2018 12:21

Buy at banksters price today. I can only conclude that the banksters sold their allocations short while the ink was still wet, I think the market price was circa 37p at the time.

[lefrene] 21/1/2018 13:04

ODR until those 180 million shares come on the open market I fear the share price will get kicked around. All the company can do is to continue to bring out good news, ie increasing area and improved percentages of metal. Perhaps NM is confident of doing that by April? Hence the reason for the embargo. Galling to see the share price at almost half of what it was a year ago.

Seegoon perhaps a bit more reading needs to be done?

[markth126] 21/1/2018 08:27

Hang on don't solg own 85% therefore at least 420M!And the rest!!

[seegoon] 20/1/2018 16:06

Nobody appears to have noticed that Cornerstone owns 15% of CASCABEL and is capitalised at $74,MM which means Sol Gold should be $140.00.MM NOT $740.MM...sell Sol and buy Cornerstone