Solgold Share Discussion Threads

[mam fach] 22/9/2018 14:29

Frightening the scale of Solg assets.
No doublt the huge scale of the project has (unbelievably)held back the share price.
Personal opinion is this is not now the position.
Even though we are due an update in November and the news will be good,
doubt share price will linger at current levels until then.
Opening price on Monday will give us some indication of way things are going.
Back to the good old days when Solg was the darling of the market.
But now caompany has far more substance.
Hang on in all LTH's.

[goldrush] 22/9/2018 13:11

fob69

Thanks for your post and the presentation.

Yes it really is exciting times....

Totally agree with your last 2 sentences ....

“Final statement could be telling "...many times upside to current market cap. We are cheap, we are vulnerable. BHP and Newcrest believe we have got the goods to make a major copper company"...

My take away - make us an offer for Cascabel that we cannot refuse before someone else does (not just copper or gold plays but other conglomerates)....”

[yufff] 22/9/2018 07:21

Mam

You may we'll be correct.

[mam fach] 21/9/2018 23:10

Not next week. Monday.

[yufff] 21/9/2018 21:41

If he says nothing we will still have lift off.

We are in a rising channel with high volume.
A recipe to break 40p next week.

[mam fach] 21/9/2018 20:32

That sounds very plausible.
Lift off Monday?

[jerryspaniel] 21/9/2018 18:07

Why wait till Monday? NM could always say something at his presentation today at 4.30pm local, which I think is 11.30pm London.
Must be a reason he is on after the mkts have shut?

[lefrene] 21/9/2018 18:00

mam fach, I'm sure whatever is going on it's more than just the lift in copper today. Perhaps an rns on Monday?

[mam fach] 21/9/2018 17:25

Recent RNS's haven't had the desired effect.
Maybe next one will give us lift off.
If only we mere mortals would have a clue of what actually is going on
behind the scenes.

[alwaysevolving] 21/9/2018 17:15

Strong finish too which bodes well for next week. Could do with some weekend press coverage now and a fantastic RNS release into this strength might actually have the desired effect now contrary to past releases?

So if your reading NM, Monday morning 7am for that fat RNS to drop might be a good call please ;-)

[mam fach] 21/9/2018 17:09

Nice closing price. Monday will be an other interesting day.
Hold on to your shares.

[alwaysevolving] 21/9/2018 14:35

Looking very strong today for sure. Shame POG just fell off a cliff however?

[mikalan] 21/9/2018 14:00

Still miles back from highs. Big upside still.

[maturo] 21/9/2018 13:36

what a change for the last month, looking forward to double soon

[mam fach] 21/9/2018 13:32

Wonder what will happen when market opens in Toronto.
In about an hour I think.

[mam fach] 21/9/2018 13:25

Retrace to 20p - in your dreams.
Get in now or be left behind.
Well done all who have held on.
Are about to get your just rewards.

[jerryspaniel] 21/9/2018 13:21

Hi yufff. I get that, but was someone really trying to buy at 36? All the other stuff I own doesn't go inverted at noon.
Anyhow onwards and upwards and don't forget that NM is speaking later today.

[yufff] 21/9/2018 13:07

Jerry
Everyday at 12pm there is a mini auction
Priced at this time look like it's in auction but it's not.

At 12.02 you will see a trade every day marked UT.

This is the uncrossing trade that signifies the auction has completed.

[wisteria2] 21/9/2018 13:01

What if BHP are buying now! that surely would push the price up ....ditto

[shakester2] 21/9/2018 12:57

A point reiterated by NM in his presentation is that the easy stuff could fund the bigger stuff. This essentially means they really could go it alone, something most small caps can not do. So in the event of an attempted t/o SOLG would be in an unusual and extremely strong position

[whites123] 21/9/2018 12:50

Jerry:

:-) Trading range broken... :-)

This post of yours does IMO sum up neatly what I also suspect is happening.

"Given that BHP haven't been buying in the market (they would have had to notify LSE), I am assuming that they are talking to the other large s/holders now. If they don't get anywhere with them, maybe a call to NM. Might get a board seat for 15%. Newcrest did."

BHP have not been open market buyers.. If they were to try and buy that amount (6%) open market I reckon we could be assured we would be nearer £1.00 per share as every man and his dog started with the "Somethings up" mantra.

BHP do not act like PI's, where they are in a rush through fear of missing the boat.
They will want an organised seat on the board, and with a holding now they have got the ear and attention of NM. They have also alerted Newcrest. For the time being it all looks very amicable. The cheapness of the BHP first stake is essentially a freebie, "Good to have you onboard" when you consider the actual numbers likely to be involved..

I do think you have hit the nail on the head with your analogy..
Of course chartists will tell you its nothing to do with that.. :-)
They will tell you its because the rising uphill "W" stroke has now crossed the downward slope of the inverted "M".. and once this line crosses the upwad "Y" we can expect a retrace to 20p.. :-) :-)

[brahmsnliszt] 21/9/2018 12:42

what a week.

nice orderly rise with volume.... if one can say 15 pct or so in a week is orderly

[jlondon] 21/9/2018 12:20

A few minutes ago, I saw 36p to sell. When I refresh the page, I can see the 36p. Interesting. 12:19 noon, Fri, 21 Sep 2018.

[jerryspaniel] 21/9/2018 12:07

Agree something is up. My screen just flashed that it was 36/34. May have been fat finger but that often happens in mkt hours when something is imminent.