Solgold Share Discussion Threads

[pecker1] 26/1/2018 10:18

Mrpiggy,

As there is usually so much information to absorb, I have to read each RNS at least twice, think about it and then read it again later on - perhaps that's what oldies like me do!

We have one more excellent drill result and I'm looking forward to others, particularly hole 26 D3 in Alpala NW which should be coming soon.

Good news too about Aguinaga. Shareholder comments on BBs etc are probably about as aggravating as having a back seat driver second guessing you, but occasionally I'm grateful when my youngest daughter points out a signpost I've missed! But it does seem they are responding to shareholder concerns. Aguinaga is a large area so they may need a number of holes before they zero in on mineralisation.

Interesting too that the RNS also mentions Trivino, Carmen and Parambas - to me, the greater Alpala deposit is no longer looking like an elephant, it's more like a bl...y mammoth!

Mention of Shallow epithermal veins is also intriguing and if the grades are promising this will no doubt be investigated further.

Think we'll get another RNS very soon.

[charlieeee] 26/1/2018 10:17

Agreed, Lefrene.

At $530 per meter, they will be able to complete the 120,000 and have cash for the PEA' without further capital raising.

Aguinaga may well add more excitement than extending Alpala: it makes the prospect of a multi bagger from this point more realistic, not least, because it opens up the opportunity to sell one, thus funding the second through to production.

[lefrene] 26/1/2018 09:25

That's an excellent rns, and particularly good to read the huge reduction in drilling costs, one gets the impression that everyone is concentrating on doing a good job. We have a close time frame for work to begin on Aguinaga. I'm convinced this is being gamed, no doubt all will be revealed in due course, but if somebody is trying to steal it they had better move fast, as more metal is being found by the day, and stuff found so far is "just the tip of the iceberg" to quote NM.

[mrpiggy] 26/1/2018 08:00

Damned good entry point I recon Charlieeeee ( have you been popping Es Charlie?)You may well have got in at the bottom, I think we'll know by the end of play!Damned cheap entry price either way!!

[master rsi] 25/1/2018 16:03

a very large buy just now 223k paying premium offer 24p

15:57:48
24.0109p
223,774

[charlieeee] 25/1/2018 14:03

Well, quite a collection of the old lags from ATYM here now.

Rightly or wrongly, I bought back in to this again this morning.

Nowadays, I generally only do undervalued producers, but the cash on hand raised to really move on with the exploration, makes it attractive, as does the obvious exit route to a major.

[lefrene] 25/1/2018 13:44

That's a point Mr Piggy, the lower we get the more likely stop losses will be tripped. Anyone still holding who got it below 10p is likely to sell if they haven't already. I guess that's what the game is about, to get weaker holders to capitulate. Interesting that this is happening now rather than closer to the April open market release of the 180 million shares controlled by the bankers. Is someone trying to humiliate NM for the AGM?

Will there be a surprise end where NM does a joint venture with the Chinese? That would put a different face on things.

[mrpiggy] 25/1/2018 13:11

Closely watching this today because if stop losses are triggered it's possible we may see it today!

[mrpiggy] 25/1/2018 13:03

Inclined to agree ODR sadly!

[onedayrodders] 25/1/2018 13:01

well the odds currently look heavily stacked for hitting 20p before we hit 25p again

[lefrene] 25/1/2018 12:49

I just wonder to whom those 180 million shares have been promised?

I see someone bought at 22.5p, will I soon be kicking myself because it wasn't me?

[lefrene] 25/1/2018 11:26

ODR it does, but you never know what might happen if a potential smash and grab happens. This must be on the watch list of most major miners, the infrastructure is such that Cascabel would likely be the cheapest and fastest new mine to get to production than anything else around, plus the resource is so large that the sunk capital will have an earn out measured in decades. So I would expect one cheeky grab to be met with offers from other parties. NM will know the true worth of Cascabel (let alone all the rest of Solg), he didn't give it away to BHP, so he won't give it away just because the share price is being driven down.

----------------------------

I know the advfn trades are none too reliable, but they suggest sells are 4 to 1 against buys. Of course it has to balance by the end of the day, but it might be that firmer hands are scooping up the sells.

If you were trying to get this on the cheap would you take it now, or wait until yet more metal is proved up and a preliminary feasibility study done? My guess is that those in the industry have a very good idea of the costs involved, and if not they only have to look at Fruta del Norte and know that Cascabel will be cheaper because of the nearby infrastructure.

[onedayrodders] 25/1/2018 11:13

lefrene .. if you get your 15p top up wish doesn't that increase a disastrously low boot sale takeout

[iankn73] 25/1/2018 11:07

I have cash ready for another top if necessary. Hopefully I wont need to. Patience is defo required here as we all know coppers future outlook is ultra positive.

[lefrene] 25/1/2018 10:55

Round numbers are usually the triggers, perhaps 20p will be it or even 15p. I'm not trying to be a scaremonger, I hold too many of these and am now under water :¬(
There just seems to be a disconnect that a business that holds 78 properties would seem to be being valued at about 0.5% of the potential of just one of those properties. Even if just one tenth of those properties turn out to be as good as Cascabel there is £750 billions worth of copper and gold under their control. Which at just 2% one arrives at £15 billion. But not today.

I realise that emotions do get one involved, I find now that I'm wishing this down below 20p where I will pick up another 100k, but then being greedy I will want them for less again!

[rougepierre] 25/1/2018 10:34

perhaps it today lefrene...

[pecker1] 25/1/2018 10:34

Mrpiggy,
re your last sentence, am doing the same. Never thought we would see Corp Jones running round Solg with a meat cleaver shouting don't panic. I've had it drummed into me by market pros that you should never try to catch a falling knife. But it could be OK as long as you put your gloves on first!

[rougepierre] 25/1/2018 10:33

Patience is a virtue...remember ATYM falling to sub 80p...great loading up opportunity...now almost 190p....

I now have over 200k of these at an average close to the Placement price...and that's it...

[lefrene] 25/1/2018 10:32

I take the view that it is being gamed for the purpose of an opportunistic takeover. The lower it can be driven then the cheaper the take out price. It's a long way to April and the surfacing of that 180 million slug. Will NM get out manoeuvred by the banksters?

Aguinaga from the picture on the website appears to be a small hill, it would seem fairly straight forward to put something through the side of it. If NM does have a clever game plan it doesn't seem to be going too well just now. In sell offs there's usually a day of capitulation before things turn, perhaps we will see it?

[iankn73] 25/1/2018 10:30

This is proving to be a costly investment so far.....Good luck all

[rougepierre] 25/1/2018 10:29

my 40,000 and 10,000 buys at 22.87 showing as sells...