Solgold Share Discussion Threads

[lefrene] 30/1/2018 16:40

The mystery given the events since 2008/09 is the lack of hyper inflation, although I suppose that is because the money issued by Bonds didn't get into the general economy but propped up dodgy Banks and over borrowed businesses. Trump being a property man will only know about leverage and re-mortgaging, and owing the Bank so much money that it's the Bank that is worried. The Dow has run with the tax breaks, I think the pull back is recognition that interest rates will have to rise because of all the cash returning to the States getting into the general economy. In the meantime BHP must be licking their lips as the price slides on Solg. It would have been better for those 180 million shares to have come straight to market, what was the point of creating this huge overhang?

[lefrene] 30/1/2018 16:24

At this rate we might as well talk Fibonacci sequence, that'll be 17p then! At least no one can complain that those options were set too low.

[kyoquot] 30/1/2018 15:35

Well it would make a lot of sense to me, but then just a numpty dumpty so..

[lefrene] 30/1/2018 14:03

I wonder if we shall see copper as well as gold become seen as a 'safe haven' when the dramatic rise in the Dow gets vertigo?

[lefrene] 30/1/2018 12:19

Very succinct, it reminds me of why he's filtered.

From 3rd Jan but worth listening again now that the price is right down.

Eight or nine weeks before that 'bought deal' goes on to the public market, I remain of the view that it is antics related to those 180 million off market shares that is driving the price action.

I notice from the figure quoted at the AGM that drilling continues apace.

[mrpiggy] 30/1/2018 10:26

I think FSA watcher summed up the recent trading action eloquently when he said " nuffin bein made nows coz it gone damp squib"I'm wondering if we have now come off the bottom..... seems to be holding at these levels!

[chavitravi2] 30/1/2018 10:04

Me too Lefrene, tho I got out at 44p after buying at 70p years ago. Put it in my other one UEN. Good job I did its doing very well and going to at least 2 bag from here. Still very under valued.

[lefrene] 29/1/2018 15:50

For a moment there I though it said 85,500,000 buy! Instead of 500k at 22.85. Good luck to the buyer I wish I'd got my 500k for 22.85p. Perhaps they are expecting something good from the AGM?

Another MRE due by start of April, so another four weeks of drilling before they begin that exercise.

[mrshaungcm] 29/1/2018 15:41

29-Jan-1815:18:4822.85500,000Buy* 22.6523.00114.25kO

[lefrene] 29/1/2018 12:32

The bankers who invested at 25p need to work that investment you can't leave that sort of money not earning anything. I think we have been seeing the results of that 'work', as we get nearer to April we might see it unwind as books get balanced.

[nicksig] 29/1/2018 12:03

If this moves up from here the technicals will look strong imo

[nicksig] 29/1/2018 11:18

Looks like this has found support

[mrpiggy] 29/1/2018 11:01

Sounds like a fair assessment lefrene, i for one will buy another big chunk if we hit 20p or near to it!

[lefrene] 29/1/2018 10:34

There seems no end to it ODR, one would think it was a widget business with no demand for the widget. As time goes by if this survives as an independent company I believe it will be found to control as much as a trillion dollars worth of metal across those 78 properties. I also believe the current price action is connected to that bought deal with the bankers. This business isn't going bust, it's doing all the right things and delivering on it's plans, and in just one favourably blessed location very likely has over 10 million tons of cu eq worth £50 billion. So I hope to get more at an ever cheaper price, eventually the players will show their hands.

[onedayrodders] 29/1/2018 09:33

Crikey :O(

[lefrene] 27/1/2018 12:59

I'm guessing that the news will just get better and better, perhaps they will have a resource update for the AGM on the 30th? It's beginning to look as if there is rather more than 10 million tons of cu ev in Alpala alone. Perhaps for the next fund raise Solg should issue bonds linked to copper?

I still can't reconcile how this is valued at a tiny fraction of the potential of just one site out of 78 in Ecuador, let alone the other properties.

[onedayrodders] 27/1/2018 12:38

" SolGold plc (LON:SOLG) (SOLG.L) has released an exploration update today regarding its Cascabel Project in Northern Ecuador. There are now 12 rigs onsite and operational at Alpala. There has been an additional 13,384 metres of drilling completed since the release of the Alpala Maiden Mineral Resource Estimate cut off, which was published on 3 January 2018.

Over the next year, the company anticipates that over 120,000 metres of drilling will be completed. In this regard, the company notes that it is encouraging that the new track-mounted rigs are already performing beyond expectations. They have delivered up to 60 metres per day each.

The cost of drilling has fallen from $1,100 per metre to $530 per metre. This could mean the cost of drilling is less than may have been previously expected.

SolGold is focused on significantly increasing upon the maiden resource at Alpala. With the bornite rich areas at Alpala South yet to be comprehensively tested, the company believes it could find a deep, rich root at Alpala.

In the last year the SolGold share price has fallen 20%. That£s a worse performance than other resources stocks such as KAZ Minerals PLC (LON:KAZ) (KAZ.L), Glencore PLC (LON:GLEN) (GLEN.L) and Anglo American plc (LON:AAL) (AAL.L). KAZ Minerals is up 90%, Glencore has gained 25% and the Anglo American share price has risen 27% during the same one year time period.

In my view, SolGold is making encouraging progress with its drilling programme. Although the nature of its activities is risky and highly uncertain, I believe the company could be able to deliver improved share price performance. I£m upbeat about the prospects for the gold price over the medium term and feel this could provide the stock with a tailwind in future. While potentially volatile, I feel its share price performance could improve relative to sector peers."

[onedayrodders] 27/1/2018 12:38

" SolGold plc (LON:SOLG) (SOLG.L) has released an exploration update today regarding its Cascabel Project in Northern Ecuador. There are now 12 rigs onsite and operational at Alpala. There has been an additional 13,384 metres of drilling completed since the release of the Alpala Maiden Mineral Resource Estimate cut off, which was published on 3 January 2018.

Over the next year, the company anticipates that over 120,000 metres of drilling will be completed. In this regard, the company notes that it is encouraging that the new track-mounted rigs are already performing beyond expectations. They have delivered up to 60 metres per day each.

The cost of drilling has fallen from $1,100 per metre to $530 per metre. This could mean the cost of drilling is less than may have been previously expected.

SolGold is focused on significantly increasing upon the maiden resource at Alpala. With the bornite rich areas at Alpala South yet to be comprehensively tested, the company believes it could find a deep, rich root at Alpala.

In the last year the SolGold share price has fallen 20%. That£s a worse performance than other resources stocks such as KAZ Minerals PLC (LON:KAZ) (KAZ.L), Glencore PLC (LON:GLEN) (GLEN.L) and Anglo American plc (LON:AAL) (AAL.L). KAZ Minerals is up 90%, Glencore has gained 25% and the Anglo American share price has risen 27% during the same one year time period.

In my view, SolGold is making encouraging progress with its drilling programme. Although the nature of its activities is risky and highly uncertain, I believe the company could be able to deliver improved share price performance. I£m upbeat about the prospects for the gold price over the medium term and feel this could provide the stock with a tailwind in future. While potentially volatile, I feel its share price performance could improve relative to sector peers."

[onedayrodders] 27/1/2018 12:38

" SolGold plc (LON:SOLG) (SOLG.L) has released an exploration update today regarding its Cascabel Project in Northern Ecuador. There are now 12 rigs onsite and operational at Alpala. There has been an additional 13,384 metres of drilling completed since the release of the Alpala Maiden Mineral Resource Estimate cut off, which was published on 3 January 2018.

Over the next year, the company anticipates that over 120,000 metres of drilling will be completed. In this regard, the company notes that it is encouraging that the new track-mounted rigs are already performing beyond expectations. They have delivered up to 60 metres per day each.

The cost of drilling has fallen from $1,100 per metre to $530 per metre. This could mean the cost of drilling is less than may have been previously expected.

SolGold is focused on significantly increasing upon the maiden resource at Alpala. With the bornite rich areas at Alpala South yet to be comprehensively tested, the company believes it could find a deep, rich root at Alpala.

In the last year the SolGold share price has fallen 20%. That£s a worse performance than other resources stocks such as KAZ Minerals PLC (LON:KAZ) (KAZ.L), Glencore PLC (LON:GLEN) (GLEN.L) and Anglo American plc (LON:AAL) (AAL.L). KAZ Minerals is up 90%, Glencore has gained 25% and the Anglo American share price has risen 27% during the same one year time period.

In my view, SolGold is making encouraging progress with its drilling programme. Although the nature of its activities is risky and highly uncertain, I believe the company could be able to deliver improved share price performance. I£m upbeat about the prospects for the gold price over the medium term and feel this could provide the stock with a tailwind in future. While potentially volatile, I feel its share price performance could improve relative to sector peers."

[mrpiggy] 27/1/2018 10:07

Cool innit!

[fsawatcher] 27/1/2018 08:34

i speke fine you jus old skool

it new english innit , world gonin to rats

everyfink goin change coz old skool gettin refurb

[mrpiggy] 27/1/2018 00:31

Let's do a deal FSA, give me your account details and I'll gladly pay for you to go on an English course so posters can actually read what you are trying to say instead of second guessing what the hell you are on about!On a serious note I think you have a few valid points to raise but it hurts my head trying to figure out what you are saying.... I'm just a simple Pig!

[turbonutter] 27/1/2018 00:00

Having difficulty believing its just PI selling and causing the drop, more inclined to believe there is some sort of Major/Institutional agenda in action.

A t/o price of 40p more likely to be accepted if the share price is 20p than if it was 38p...