Solgold Share Discussion Threads

[arcadian] 21/3/2019 09:56

The price of copper has strengthened the bigger miners and our trades today so we should at least hold yesterday`s perch.

[lefrene] 21/3/2019 09:25

This will warm the heart of gold bugs. To qualify as an A1 asset under Basle3 your gold has to be physical. Worth listening to.

[mam fach] 21/3/2019 09:11

Doesn't seem to be significant volume.
Need to see much more trading to see price rise.
All us believers are fully invested.
Beginning to think it's only RNS that will shift price.
Unless we have leaks or rumours.
Unlikely as NM runs a pretty tight ship keeping cards close to his chest.
IMHO.

[zeusfurla] 20/3/2019 21:16

The large volumes on the offer side of the order book (around 37.8p and up) have gone over the last week which has allowed a gentle appreciation of the share price on low volumes. However, 100k sits on the offer from 38.5p upwards at 0.1p increments. Are these shares really for sale? I suspect we will find out this week if this gentle climb continues.

[mknight] 20/3/2019 20:25

Alwaysevoling

It amazes me as well . Lets hope we can have a proper breakout. It is incredable that shares with 2 billion shares you cannot buy 100k without paying well over the share price .

[alwaysevolving] 20/3/2019 19:58

Looking about to break out. The insiders must know good news imminent? Of course that kind of carry on would never happen...would it?!

[mam fach] 20/3/2019 18:25

Broken through 38p @ close.
Let's see how we get on tomorrow.
GLA

[ntbb] 20/3/2019 11:59

I think it's worth having a look at today's rns on bcn, goodluck all I hold both

[husbod] 20/3/2019 11:52

Options should be made illegal in my view unless they are exercisable at say a minimum of 200% above the average share price for the three months prior to the date of grant. Directors should have to buy shares on the open market like rest of us.The options here are absurd and are a definite brake on the share price

[sogoesit] 20/3/2019 11:03

With a "few ounces of Gold" it's certainly beginning to look like a copper bottomed investment!

[alwaysevolving] 20/3/2019 10:14

Under "Basel III" Rules, Gold Becomes Money!

Article from Zero Hedge which may be of interest. Here is a section:-

“If banks own and possess gold bullion, they can use that asset as equity and thus this will enable them to print more money. It may be no coincidence that as March 29th has been approaching banks around the world have been buying huge amounts of physical gold and taking delivery. For the first time in 50 years, central banks bought over 640 tons of gold bars last year, almost twice as much as in 2017 and the highest level raised since 1971, when President Nixon closed the gold window and forced the world onto a floating rate

And

The only way governments can manage the levels of debt that threaten the financial survival of the Western world is to inflate (debase) their currencies. The ability to count gold as a reserve from which banks can create monetary inflation is not only to allow gold to become a reserve on the balance sheet of banks but to have a much, much higher, gold price to build up equity in line with the massive debt in the system.”

.......If I’m not Mistaken SOLG are sitting on a few ounces of Gold?!

[serabi_gold_srb] 20/3/2019 09:45

Serabi Gold (SRB) Beat the herd.

Undervalued and starting its breakout....

25m mkt cap
Priduction currently around 40,000 ounces gold PA
Plans to increase production to around 100,000 ounces PA within 2 years
Generating circa 1m USD per month net for gold production (around 4,000 ounces a month)
Gold reserves just upgraded by 40%
Stock tightly held
Very quick to move on any buying interest

See latest presentation from PDAC conference - March 1019

[serabi_gold_srb] 20/3/2019 09:45

Serabi Gold (SRB) Beat the herd.

Undervalued and starting its breakout....

25m mkt cap
Priduction currently around 40,000 ounces gold PA
Plans to increase production to around 100,000 ounces PA within 2 years
Generating circa 1m USD per month net for gold production (around 4,000 ounces a month)
Gold reserves just upgraded by 40%
Stock tightly held
Very quick to move on any buying interest

See latest presentation from PDAC conference - March 1019

[mam fach] 20/3/2019 09:43

Options never help. It's looked @ as dilution.

[shabadi] 20/3/2019 09:28

Could it be the 21 million share options at 40p ?

[mam fach] 20/3/2019 08:04

Let's break through 40p today.
Why it's such a psychological barrier I don't know.
For some reason it seems significant.
Only MHO.
SOLG dragging behind RPT.
Both capable of £££;s

[alwaysevolving] 19/3/2019 16:48

Biggest trading ever in copper options signals supply troubles - Bloomberg
Mar. 19, 2019 12:13 PM ET||By: Carl Surran, SA News Editor

The biggest-ever trading volume on Comex copper call options - more than 11K - yesterday signals supply troubles brewing in the market, Bloomberg reports.

One spread trade was posted that was worth $6.5M, in a bet that the copper price would surge past $3.05 in a few months, vs. Monday’s settlement price of $2.909.

The wager likely was fueled by "expectation that supply will become tight," says Tai Wong, head of base and precious metals derivatives trading at BMO Capital Markets.

[mknight] 19/3/2019 16:29

Might be a high priced UT

38p. Nothing to think news anytime soon .

[lefrene] 19/3/2019 14:14

But first cut CGP out of as much of the pie as possible? It's rumoured that there is some animosity between NM and the head honcho of CGP, so perhaps it's become personal? ie NM is not going to be brow beaten by the small fry.

In the meantime gold and copper seem to be on the upward trend once more.

[5070481] 19/3/2019 13:57

I'd have thought get the news out, get the price up, issue shares to help fund at a much higher price than current.

[mknight] 19/3/2019 13:21

Must be some reason for holding back the news .

[lefrene] 19/3/2019 13:09

mknight, I confess I find the Cornerstone interest in Solg seems bound in such a lot of small print, that the only thing about it that I do understand is that they are obliged to match their share in exploitation costs. Whether they can raise funds or come up with some deal that dilutes their share I don't know, but I guess NM is trying his best to wear them down, whilst CGP are doing their best to raise money somewhere?

[mknight] 19/3/2019 13:05

Looks old news before bhp were on board.

[arcadian] 19/3/2019 13:01

Thanks to Padmaster on LSE

Not sure of the date.