Solgold Share Discussion Threads

[excellance] 20/9/2018 01:07

yeah, good sdvice goldguru, a drop of about 90% in 12 months!


free stock charts from uk.advfn.com

[jerryspaniel] 20/9/2018 00:12

Having admitted that I am no TA, I did notice that the 20 day MA had crossed the 200 day MA this week for the first time (positively) since 2015. Obviously they crossed on the way down mid last year. I am sure those who are more technically minded can explain the significance or otherwise of such a move, but I was always led to believe that this was v positive.
As to my history, I am relatively new to SOLG having only starting buying when it got back to nearly 20p late last year, but I now have quite a few hundred thousand and haven't sold any, as I haven't seen any fundamental news that would justify it. Mind you I am not sure I will be owning it for ten years....that's real patience!

[mam fach] 19/9/2018 17:44

Think my 1st purchase was 2007 @ 14p.
Took my allotment & more in placing @ 3p.
It was a complete gamble as we were'nt in Equador then.
Outlook is best it's been.
We voice our thoughts on BB and you do think who do you believe?
Some posters opinions are very informative.
Others are pump and dump merchants.
Hard part is deciding which is which.

[lefrene] 19/9/2018 15:41

Hindsight is a wonderful thing, but at 46p it felt as if some entity was going to pounce on it. But the crocodiles have sat back waiting for NM to do all the work, and hoping he would slip up. Luckily for holders, NM's experience of the industry makes him a formidable combatant in the great game of mining. I suppose from the point of view from the likes of BHP they would rather pay a commercial rate for a certainty, than risk throwing money away on a punt. That way all the accountants and 'yes men' hang onto their jobs, even if there are no windfall profits, it's all about the long term for them. It's turning out to be 'all about the long term' for us too.

[trev1223] 19/9/2018 14:54

mam fach
Couldn't agree more. I am in the same position having bought my first tranche 18 July 2012

[mam fach] 19/9/2018 13:41

Three of us been here a long time. Seen 46p come & go.
With hindsight should have sold @ 46p.
So there i s no way I'm selling for under £1.

[lefrene] 19/9/2018 13:29

Only £2, huh cheap remark mam fach! :¬) You'll have to do better than that to get ODR excited! :¬)

[mam fach] 19/9/2018 12:02

Come on don't keep us in suspense.
You know you want to make breakthrough.

[mam fach] 19/9/2018 10:53

Any minute now. Sure NM has amazing RNS up his sleeve. But that's just IMHO.

[onedayrodders] 19/9/2018 10:34

Man fach .. could be a good call :O)

and as for my flag / pennant hint :O)

[tmellor17] 19/9/2018 09:25

Just looking at this from 20th August Update:

An updated Mineral Resource Estimate is expected to provide a significantly greater resource base for the project upon completion of approximately 17,000m of planned drilling.

Do you think this implies that we wont get an MRE update until the end of the drill programme?

[whites123] 19/9/2018 09:20

BHP, Newcrest and every other miner, fund around do not act like us PI's.

We see something and we want it now.
We see some news and we want a rise now.
We buy into a stock and we want it to rise the very second after we have bought in.

We buy in and we then constantly check in to see how the price is doing, if it has not risen after 1 day we start to doubt ourselves, after a week we even consider selling.. :-)

It sounds familiar, and every single one of us has been there..

The big players have no immediate need to rush, it can take a year or even longer..
The thing we should be concentrating on is that stakes have been built and the rewards are only likely to get better as resource updates hopefully increase.

For me personally, I play it like this:
I find a stock, I determine what I think will be a Likely return.
I then invest and hold...
Sure I check in, sometimes a few times a week.!!!!!!!!

But the only time I consider selling is when my target is reached / or, I come across another stock which I believe will outperform the ones I hold.

Currently I believe SOLG will multibag by 5 - 10 times...
Until I come across a stock which "I" believe will outperform that then I sit tight.

Now, all together:

"What do we want?"
Massive rises.
"When do we want it?"

"NOW... !!!!!!" :-) :-) :-)

[onedayrodders] 19/9/2018 08:25

Copper showing signs a bottom might be in

[mam fach] 18/9/2018 23:38

We can speculate as much as we like
-personally think we will break through 30p tomorrow.
Truth is NM plays his cards pretty close to his chest.
He knows exactly how he wants to play the game.
However, price has fallen from 46p.
Long term holders getting a bit restless.
Let's have some confirmation soon of direction company is heading.

[lefrene] 18/9/2018 17:11

At least we will know who to blame as it sinks for the rest of the week Rodders! :¬)


If BHP really are spending $25 billion just to keep their existing resources going, then an out right buy of Solg at $5+ billion will be cheap. I get the feeling that NM might actually hold the whip hand if BHP are already stretched and in need of viable resources.

[onedayrodders] 18/9/2018 12:53

I promise I won't mention flag or pennant ..... DAMN !

[arcadian] 18/9/2018 12:25

It will be cat and mouse, in that like HUR at one point, the company has huge resources but needs a lot of money to develop them. Who will blink first, The plus points for SOLG are that copper is or will be sort after and there are many rival suitors.

[brahmsnliszt] 18/9/2018 11:47

not sure id want BHP buying us out now, even if it was for a healthy premium. Prefer some more proving up of reserves and appreciation of the share price before we get taken out.

[mam fach] 18/9/2018 11:40

What rumour or news is causing this consistent buying?
I expected this when BHP declared their holding.
You know what I always say - they're not having my shares.
i also say there's still time to get in.

[alwaysevolving] 18/9/2018 11:34

BHP just need to bite the bullet and get on with buying us out now. They are just going to end up paying more it would seem by waiting.

[mad foetus] 18/9/2018 11:30

BHP have to spend a huge amount on their Chilean assets to keep copper production going (25bn is the figure I have heard). The attraction of SOLG is obvious.

[mam fach] 18/9/2018 11:25

Don't you just love it when a plan comes together .
Totally agree, somethings brewing.
Best signal i've found is narrow spread.