Solgold Share Discussion Threads

[pecker1] 23/4/2018 14:25

lefrene,

FWIW, I see things a bit differently - Solg has put out more news more regularly than any other mining exploration company that I have invested in for the last 20+ years. Just had news on Aquinaga drilling, Trevino drilling to start very soon and new epithermal gold discovery a few km North of Cascabel. They were a bit too ambitious with the promise of quarterly updates to the MRE, but I'll forgive them if they come up with a stonking update!

[lefrene] 23/4/2018 13:10

MRE update is weeks over due Mrpiggy, thus one would expect the price to decline as prices usually do when managers fail to walk their talk. It's a news driven stock with no news!

[mrpiggy] 23/4/2018 12:36

Let's hope we stay above the private placement price of 25p and that the share price doesn't drift till the MRE upgrade lands!

[5070481] 20/4/2018 13:32

Sunny outside. Markets are dead.

[lefrene] 20/4/2018 11:19

I didn't check for them Mrpiggy, presumably unfinished business from the previous day, book balancing?

Quiet here today.

[mrpiggy] 20/4/2018 06:39

Good morning lefrene, what did you make of the 3 identical trades yesterday morning before the market opened?They were just short of 1.8 million but when the market opened we were flat!

[mrpiggy] 18/4/2018 16:30

Agreed..... spot on lefrene!

[lefrene] 18/4/2018 15:21

That's as good a guess as anyone's paleje. June very lame against "quarterly" as mentioned circa 3rd January, might as well have stayed on AiM if it's going to behave like an AiM stock!

[paleje] 18/4/2018 13:40

Yeah I know it's guesswork lefrene, I just noticed in yesterdays RNS Nick mentioning drills to assay taking about 4 weeks so recent drilling add 4 weeks and then a bit for admin and we'd be near enough June. No need for him to mentione that or indeed MRE at all but he did.

I agree with you and others on here the RNS seemed like a holding job.

[dmitribollokov] 18/4/2018 12:45

Bought back in, gold and silver are looking too frisky.

[lefrene] 18/4/2018 12:10

Gawd knows paleje, the promise was a quarterly update. I suspect the recent rise was in anticipation of an updated MRE along with a back of an envelope extraction cost guesstimate. The sagging share price is what happens when you promise what you can't deliver. Eventually an updated MRE will arrive, at least a delay might allow for more finds to be included? I would hope before June though, indeed given the slippage Solg might consider indicating when they think it will come in.

On the plus side with 12 miners interested in Cascabel there might be some stake building quietly going on? Not that it is doing anything for the price if it is.

[paleje] 18/4/2018 11:40

Any guesses as to when an updated MRE will appear? June?

[onedayrodders] 18/4/2018 10:19

Mrpiggy17 Apr '18 - 16:35 - 12295 of 12299

Surely every little helps

:O)

[lefrene] 18/4/2018 09:23

they already are markth126. Cascabel would seem to be of such a scale that it might end up being a joint venture with several miners, hopefully Solg getting an up front payment and a share of future profits. Thus money to continue with all the other sites, and future cash flow to grow the estate. The no show of an up dated MRE looks likely to wear the share price down.

[markth126] 17/4/2018 21:21

When do the 180m shares come into play?

[5070481] 17/4/2018 19:45

Trev the price is being manipulated by there being more sells than buys. Nothing more sinister. If everyone wanted to buy it thhen it would rise.

[trev1223] 17/4/2018 19:31

imho - it will need more than an MRE, the share price is being manipulated in someway, don't know how. However, I hope that I am proved wrong.

[mrpiggy] 17/4/2018 16:35

Just as well ODR, you'll not be able to dig so deep with a pitchfork lol!

[onedayrodders] 17/4/2018 16:21

Well I did grab my pitchfork but put it back and will give them another week

[mrpiggy] 17/4/2018 16:00

You have the same cynical mind as mine lefrene!I must admit when the RNS dropped I would have put money on it being the MRE upgrade!The management probably felt they needed to get something out to stop the natives getting restless!

[lefrene] 17/4/2018 12:23

But also failure to walk the talk. I believe an MRE every quarter was mentioned and it's behind schedule. I realise Solg does not have close control over those carrying out these authorative assessments, and likely todays update was a sop due to a delayed MRE?

[5070481] 17/4/2018 11:37

Yep Lefrene. Have to think that the MRE is the mover. Just too generalised otherwise. Investors dont want to have to do the calculations themselves!

[lefrene] 17/4/2018 11:24

Looks like more copper and gold are unwanted, the sellers have it for now. I suppose an updated MRE was expected, and it didn't arrive.

[lefrene] 17/4/2018 10:56

Heavens, more copper and gold whatever are we to do!

So are the 12 suitors forming a Guild in order to plot how to loot it?