Solgold Share Discussion Threads

[onedayrodders] 19/6/2018 11:51

Since mid may the stock is trying to find a bottom .. but either sellers or mm or both wont let it settle.

[mam fach] 18/6/2018 17:24

Life in the old dog yet!

[onedayrodders] 18/6/2018 17:05

Been a while since I have been able to say this ... "the only blue in my portfolio today"

[mirabeau] 15/6/2018 22:44

Yes, I know. It was more to do with their visit to Cascabel that interests me -

It matters not though - sorry a tad inebriated so thought processes all askew

keep strong all

[brahmsnliszt] 15/6/2018 22:37

Mirabeau, Hannam has been involved for a while now in SOLG

[mirabeau] 15/6/2018 22:31

I see Hannam's is(are) involved now. Proper market players as well. Hannam knows his onions, a proper player - his arrival does pique my curiosity -- why has he turned up I ask myself?

If you're gonna hold SOLG you have to realise this is a LONG TERM play or until or indeed if an offer comes in for either the whole company or for Cascabel or some other combo

Mather's declaration that he intends to take Cascabel to development crushed the momentum big time as that screams the possibility of further dilution -

SOLG is an explorer not a producer -

I've stuck mine in the proverbial bottom drawer

[onedayrodders] 15/6/2018 21:40

hope you're right... I can't believe I'm back in the red again here

momentum just stopped here and that is a no no with punters seeing other stocks moving and at least alive.

I also think quite a few will not like the fact that we have suddenly become a stock to hold forever until a bid race starts up and deemed that not enough to leave their money sitting indefinitely on that sole hope and not much else.

I'm not completely comfortable myself to be honest

[lefrene] 15/6/2018 12:21

ODR my guess is that the big players will stoop to anything to grab this prize on the cheap. So just stand off until the money runs out. The copper crunch is still two or three years away, Solg can't get that far without another cash raise. I don't know how many more holes they need for Alpala, but once complete they will have enough information to decide how to mine it. Also enough proofs of metal and a feasibility study to know how much finance will be required. Perhaps at that point they should stop spending and look to sell Alpala before they carry on spending on more drilling? The spread here remains unusually wide. If you were a major with deep pockets, it would surely be cheaper to make a grab for all of Solg now rather than wait for other sites to be proved up? You could likely sell off the bits you didn't want and get your money back.

[onedayrodders] 15/6/2018 11:59

That sadly is not as ridiculous as it would have a year ago.

[lefrene] 15/6/2018 10:34

The flag turned into a falling knife ODR. But don't worry a chartist will be along to explain it all shortly :¬) We know the metals there, perhaps they should just shutter the whole thing and stop spending money and wait for the copper price to rise substantially?

[onedayrodders] 15/6/2018 10:22

I should have kept my big "flag/pennant" mouth shut a month or so back

:O/

[lefrene] 15/6/2018 10:20

Yes that is a wide spread, presumably because of the small volume..

[onedayrodders] 15/6/2018 10:03

The grand old duke of York ......

[mikalan] 15/6/2018 10:00

Seems so. Not being very generous with the spread either. Not exactly encouraging buyers. Maybe they want the stock.

[lefrene] 15/6/2018 09:46

They seem in a hurry to take this down on little volume.

[lefrene] 14/6/2018 11:48

Rather looks like someone has taken my suggestion! I agree 5070481, the project has to be made deliverable. Can't fault them on finding more and more metal, but slippage on MRE updates, and the no sign of a feasibility study yet, is seeing people walk away from their holdings. Yes the potential buyers will just do their best to grind this into the dirt to get it cheap. At least NM is an old hand he understands the game.

[5070481] 14/6/2018 11:39

THe market always has fun and games with stocks that will need to fundraise at some point. And majors hold off buying until the mineralsiation is either secure or the company is running out of cash and needs to accept a poor takeover price. SOLG has to focus energy on getting discoveries into an MRE and proving up the viability of the project. We know there is copper and gold all over the place in Ecuador but we need to prove that we can get it out the ground

[lefrene] 14/6/2018 11:29

Might as well just mark this back down at 20p as that is where it's headed by the look of the chart.

[lefrene] 13/6/2018 12:17

The thing is that it is an asset play, it's not like buying into a trading business. The value comes from demand for the asset (copper is wanted) and the scale of the asset (they keep finding more all the time). In this instance the very helpful infrastructure and positive political situation act as an additional incentive, when comparing sites in which to construct a mine. I suppose it's waiting for a trigger of some sort before any one makes a move?

[onedb1] 13/6/2018 11:51

Not really drifting but consolidating would be my assessment . Take a look at the basing area of around 20 to 27 . It's a classic . Could easily be a big rounding bottom half way into the pattern . Oil stocks had a similar pattern in q1 and q2 so if true the next leg up comes with a break at over 27/8 , with rising momentum . Copper is on a very bullish trend and majors will know that a vast resource such as Solg's is due to get bought out . So in this consolidation phase one should accumulate . In my opinion obviously. In this area private investors tend to sell out to the pro in my experience as they see the consolidation after a fall from the highs as a negative or get bored . The retrace though is normal and so the pro adds quietly . It will release its shares on the next rise . As the private investors piles in

[onedayrodders] 13/6/2018 11:11

pitiful volume

[lefrene] 11/6/2018 11:19

alwaysevolving, it's just possible that the dismantling of Beauforts by PWC is seeing sales as PWC extract their fee's? I'm getting a bit of a bore on the topic on the AAZ board, but Beaufort clients held a lot of AiM stocks and likely still hold Solg even though it moved to the main market. It may not make much of a difference, but it can't be helpful either. If it is PWC, then eventually it will clear. Yes they keep finding more metal, metal prices remain firm and trending upwards, and yet the price heads South. I wouldn't be at all surprised to learn that Solg is sat on $100bn's worth of metal or more. The whole industry must know it, along with all the other positives about infrastructure and location near rail lines and good highway. At some point the players will show their hands.

[mikalan] 11/6/2018 09:20

Like everyone else I'm disappointed with the drift in share price and lack of reaction to news. Still a believer though and may well top up at these levels. Especially when the spread narrows.

[alwaysevolving] 08/6/2018 19:18

Yep Lefrene, makes one wonder what the problem is here when the share price creeps down or stays flat on great news after great news.

The only consolation being that all this pent up news could/should/may/will explode the share price (much) higher once we get a serious bid for the lot or a decent sale of some of the proved assets?

Just my thoughts as the situation seems rather perplexing at the mo.

[lefrene] 08/6/2018 16:01

Another week with only tumbleweed rolling past the saloon swing doors. Who'd think that the Alpala site had increased in size, or that gold deposits were being found on other sites.