Solgold Share Discussion Threads

[mknight] 22/1/2019 07:36

I expect selling early and then a bounce back over 35 . If not long term it will . Perhaps some institutional buying today .

[5070481] 21/1/2019 22:30

I use proquote. Decent system and not too expensive

[mirabeau] 21/1/2019 19:38

Looking for a new live prices and L2 provider...how do you lot use for live share prices? MAM closing down

thanks

[jerryspaniel] 21/1/2019 19:33

My guess, and it’s only that, is that the seller is out of that time zone. I don’t think it’s a seller who wants to buy, just someone who is moving on. Quite why bhp don’t take them out I don’t know. I will be buying tomorrow but sadly can’t pay for 20million shares....

[mknight] 21/1/2019 19:05

Jerry are thinking it's your Canadian again .

With PEA just around the corner it does not make much sense unless someone wants to keep the share price low so their offer looks attractive.

Value will come out in the end it's just a matter of turning off and coming back later in the year to have a look .

[jerryspaniel] 21/1/2019 18:13

A large persistent seller?

[alwaysevolving] 21/1/2019 17:32

Well the market obviously hasn’t been as impressed as we have with that JPM note today!

Right on the bottom of the trading range again. It doesn’t seem to compute! What am I not seeing?

[pob69] 21/1/2019 16:58

18/1/19 Major shareholder list updated $SOLG SolGold SOLG.L (with interest to $CGP) #ecuador Also worth noting JP Morgan is now included within the analyst coverage page.

[arcadian] 21/1/2019 14:15

The offer for MOD is encouraging and indicative of market sentiment re metals.

[mknight] 21/1/2019 13:50

Nice new re JPM like Dimitri said they normally are conservative.

[mam fach] 21/1/2019 13:24

Very true.
But,hopefully, it's confirmation that we are on the right track.

[dmitribollokov] 21/1/2019 12:56

The difference is fam - JPMs research is read by all the institutional fund managers, our opinion isn’t!

[mam fach] 21/1/2019 12:28

Sorry I didn't sell @ 46p.
Greet set in, having said i'm holding for £1.
The story has just got better and better.

[alwaysevolving] 21/1/2019 11:45

I bet you would Mam fach having bought in around 2p. I hope you backed up the truck!? This could make you a fortune if you bought a decent amount at that price and it hits JPM target.

GLA.

[mam fach] 21/1/2019 11:16

Only confirming what we already know.
Perhaps JPM's opinion is worth more than ours.
Should have positive impact to move price upwards.
Only 10p difference from their target and mine!!!
Not long now folks. Would be happy to see 90p.

[alwaysevolving] 21/1/2019 11:06

Excellent!

[dmitribollokov] 21/1/2019 11:06

Wow, that will wake institutional guys up. Jpm coverage (esp with that px trgt) is a big moment. This will re-rate on that after PMs have time to do their work...

That 90p will be their first blush really conservative estimate. They never go too far from current share price, 90p is surprisingly large departure for a shop like JPM.

[jerryspaniel] 21/1/2019 10:36

First decent heavy hitter with a view. This is more than a little significant imho.

[pob69] 21/1/2019 09:37

This is positive. Tweet from $SOLG SolGold SOLG.L (with interest to $CGP) #ecuador

"SolGold featured in @jpmorgan latest note 'SolGold - A major discovery worth fighting for; initiate with Overweight’"

Initiation with a 90p price target.

[mam fach] 21/1/2019 09:20

It's like a jigsaw puzzle. Most of the pieces are now in place.
NM has a strategy .We do not know exactly how this will pan out.
Been difficult for us long term holders seeing price fall from 46p.
When it reached 46p I thought £1 next - but it's taking longer than I thought.
More patience required.
GLA.

[goldrush] 19/1/2019 09:13

Believer1

In the Accounts the options given to NM will be listed.

He does not need to be a cheapskate now so I believe there should not be any for him in the Employees Scheme. These last for 3 years thus no employees will have to come up with money for a long time.....none at all on takeover....they just get the difference. This could be a considerable financial upside to them.....say options are based on 2 times salary.....a takeover at 1.20 gives them the equivalent of a 2 yearly salaries extra bonus.....I think they will be happy !!

All OMHO

[believer1] 19/1/2019 08:35

The problem is that we don't know where these options will be allocated to. There is nothing to prohibit NM from being part of this 'employee incentive scheme'. Unless the BOD make an announcement as to this allocation we will never know until the options are allocated and exercised.....which will probably happen when the company is subject to a takeover. Too late because it is done. NM has a history of allocating himself huge percentage of employee incentive shares.....refer to DGR in Sept '17 when he ended up with 13,650,000 6.5 cent(Australian) with two other directors getting 3.650,000 options. The share price at the time was 13-14 cents..... You can guess what happened to the price of DGR then. NM owns around 20% of DGR which in turns owns around 11.5% of SOLG. He already owns roughly 5% of SOLG, so overall around 7+%.

My second point is that in SOLG's presentations, it is disclosed that 95% of employees of SOLG are Ecuadore citizens. That leaves 5% non citizens/expacts. Very few of the Ecuadorian workers will be able to afford buying a 60 pence option and we have little chance of seeing how many would take up the offer. When will they be offered their entitlement and how long before the exercised date will they be given to say they will buy? More of the local employees will be paid a small wage as compare to overseas employees. My point being that the vast majority of these 125,000,000 x 60 pence options will go to a few select employees, and NM and fellow board members, will take up the options not accepted by other employees. Great way to greatly increase their own interests with a certain profit if an offer/TO is above 60 pence level......& all conjecture is that is will be well over the one pound mark. This massive increase in number of shares will dilute the value of original, pre-60 pence options,i.e., roughly 10%.

In conclusion, I remind forum that NM has just allocated himself 5,000,000 x 60 pence options under the Directors Incentive Scheme and I wonder how many of the 40 pence Incentive 40 pence options, which are due to be exercised later this year,will to NM and fellow directors. NM is using his position to dilute the value of all shareholders to the value of tens of millions of pounds which could be in the range of 100 million pounds should a TO offer be well over the 1 pound mark.