Solgold Share Discussion Threads

[lefrene] 24/10/2018 09:45

With thanks to Noccer, this perhaps explains the current enthusiasm of Mr Mather? In which case he must be as keen to get the next MRE out as anyone. But does it also mean that he has let BHP in on mates rates?

[onedayrodders] 24/10/2018 09:45

cheers Mirabeau ... that would be very useful now and then

[mam fach] 24/10/2018 09:40

Still time to buy.
If BHP bought @ 45p. 40p is a no brainer.

[mad foetus] 24/10/2018 09:01

I bought more at just under 40 today. Looks a good place to be at a good price

[mirabeau] 24/10/2018 08:59

ODR - I am Schlemiel. I had two LSE monikers - Mirabeau and Schlemiel but LSE abolished the Mirabeau one

I post on the LSE-SOLG thread because it's the busier one but if anyone needs L2 info then say so though not a minute by minute update cos that's utterly pointless

[onedayrodders] 24/10/2018 08:54

Curtesy of shlemiel from LSE

yes, looking stronger

remove the 83k+20k at 40p and there's no large sell orders left until the 5 large 250k's at 44p and 45p

[jerryspaniel] 23/10/2018 16:31

Hi Noccer. Well that's good enough for me! I must admit to finding it fairly difficult to read some of the slides cos I never know which way I should be looking!
I am a former non ferrous metal trader and we never had to look at things like that. Also was on the board of an oil e&p company for a few years and when the geology slides came up on the screen I was way out of my comfort zone.
Sugar cubes a good analogy. Time to get my lego out....

[onedayrodders] 23/10/2018 16:10

I think we are seeing some selling due to global stock market sell off which might turn into something very nasty IMHO.

We are way overdue a crash on the DOW and a multi year bear market IMHO.
The DOW is a FED created Ponzi scheme based upon low interest rates and printed money.

I'm thinking the Emperor may have caught a glimpse of himself in the mirror and see he may not be suitably attired after all.

ODR

[onedayrodders] 23/10/2018 16:03

I think we are very lucky to have such knowledgeable posters here.

[noccer] 23/10/2018 16:00

Not quite a geologist - I am a metallurgist (which does touch on ore processing). However I do know that if you double the size of a sugar cube, then the area of any section goes up by a factor of 4, and the volume goes up by a factor of 8. It suddenly struck me that if a slice in that presentation looks like double, then the volume is more than double.

[jerryspaniel] 23/10/2018 14:27

That is very interesting Noccer. Could I ask whether you have a geology background or similar cos I am not sure many of us here could do that sort of analysis.

[noccer] 23/10/2018 13:56

While we sit and wait, I wondered about slide 29 on the latest corporate presentation that shows a 2D slice through Alpala with the maiden MRE in black (>1.5% CuEq) and the latest modelling of the same in pink. Areas can be measured by cutting out and weighing (with precision scales). My measurements show the pink slice is 2.23 times larger area than the old MRE, and if the expansion in the third dimension was of the same order then we are heading for a new high grade core that is not just twice as big as the original, but more than 3 times bigger. I realise that they may have picked a slice that looks particularly good, but slide 28 shows a top down view with the high grade core expanding in many directions.

Of course resource is determined not just by the volume but also by the grade of ore within that volume, but we have had some decent intercepts grade-wise since the MRE, and this presentation pre-dates assays from hole 64 which is supposed to have significant grades and may further expand the high grade core. Have to say I am really looking forward to the next resource estimate, could be a nice Xmas present.

[lefrene] 23/10/2018 13:35

Gap to be filled, to go with it ODR :¬)

[onedayrodders] 23/10/2018 13:10

Hopefully just another mini pennant forming .. DOH ! Ive said it again

[onedb1] 23/10/2018 12:00

And gold flying too . Weird that BHP sets the low price yet private traders are edgy at 39ish . We are virtually told this is not going to be sold for anything less than 45 .

[5070481] 23/10/2018 07:39

BIt of weakness seen in miners generally yesterday. WHen people take money off the table the take it off across the board generally. When Newcrest originally bought in that never stopped the price falling below their purchase price. Very few companies can fight a general market malaise. Happy holding though. Still wish I hadnt been shaken out of my trading position earlier this year at 27

[mikalan] 22/10/2018 19:09

Good thinking zeus, options the most likely reason. Even 500k worth of sells should not equate to sudden drop, but when has actual buys and sells had anything to do with share price movement?

[zeusfurla] 22/10/2018 18:35

Seemed to be a 5x 100k sell close together this afternoon. More concerning that there weren't big buys to offset this despite a 5% drop in share price Speculate could be related to options? Who knows? After this week share price should settle into a more positive trend. Options expire at the end of the week.

[mam fach] 22/10/2018 18:09

Another buying opportunity.

[onedb1] 22/10/2018 17:38

Very weird drop to 39 must say . Some weird thinking process going on there . Each to their own

[onedayrodders] 22/10/2018 14:16

148k sell order to clear @ 42p then 1.25m sell orders (250k * 5) at 44-45p

Some work to go yet

[wisteria2] 22/10/2018 08:48

You would think that 45p would be the watermark now. But any increase in holdings by the big mining outfits would push us considerably higher going on past performance.gla

[mam fach] 21/10/2018 14:46

Interesting where prices goes Monday. None of us have any idea. Not a case of IF but WHEN.Roll on next RNS.

[onedb1] 21/10/2018 11:58

60/65p this autumn . My view .

[jerryspaniel] 20/10/2018 12:19

Is he speaking at this? I know he is coming and speaking at the London one and at another conf the week after. I am hoping to attend the latter.