Solgold Share Discussion Threads

[mknight] 01/4/2019 14:10

I think news can come at anytime . Very advanced does not mean another month imho .

I just hope it will not be leaked and play into the traders hands. Let them pay 60p plus after we get the numbers

[mikalan] 01/4/2019 13:55

and in the meantime experience a steady drip down. Oh well!

[alwaysevolving] 01/4/2019 13:22

We might be here some time!

[lefrene] 01/4/2019 13:05

For reasons of retaining maximum future value to Solg holders, I suspect that there will be no news until the CGP holders have been accommodated?

[mam fach] 01/4/2019 12:49

Was referring to PEA announcement.
It doesn't look like any kind of RNS is due soon.
Would be happy to be proved wrong.

[lefrene] 01/4/2019 12:45

Given that they said the CGP document was also required in French which looks like an oversight by some over paid person, then I presume there will be some delay in getting the offer document in front of CGP holders. All these things take as long as they take, but until the CGP thing is resolved I'm not expecting any news. The drilling will go on and on until all are satisfied that they have the fullest possible picture.

With any luck China and the USA will finally sort out their trade relationship and industry and thus copper demand will pick up. Eventually something will happen, one has to trust that the waiting will have been worth it.

[noccer] 01/4/2019 12:32

No, I think any RNS will be timed while markets are closed, like 7am UK. By THE RNS do you mean the formal offer for Cornerstone, or maybe you are expecting everything that is overdue in one mega RNS? I don't see any reason we should expect everything (offer, PEA, MRE update, drilling results, news on permits) all in one RNS. Would be quite a lot to digest all in one go.

[5070481] 01/4/2019 12:31

I think our full listing in LOndon would warrant the release at 07:00 UK time.

The fact is, dubious cases can be made for both sides as to why there has been no news. Personally I'm not expecting anything this month now as I am assuming that if it was imminent that would have been made clear in the latest RNS. Traders jumped onto the share in anticipation of PEA and generated a rise up to 42. Those same traders have now bailed and we are back where we started.

Permits are a red herring as these are unlikely to be granted until late this year at the earliest. All that counts for me is the numbers on what a mine at Cascabel would look like.

[mam fach] 01/4/2019 12:19

Very quiet here.
Not many trades.
Does anyone think when we have THE Rns it will be opening time of TSX?

[1garythomas] 31/3/2019 14:17

Thanks for that, whats going to happen, when they finish drilling at casabel, and are still waiting for drilling permits.

[noccer] 31/3/2019 10:33

I think you mean Sunstone, who's application for drilling permit probably followed rock chip sampling in May/June 2017. It certainly can be a lengthy process with public consultation, water permits, environmental impact assessment, planning access roads, accomodation. It took Sunstone far longer than they anticipated (I thnk the process was handled for them by Cornerstone). The government is handling far more drilling permits than in previous years and is looking at speeding up the process - presumably because they are overwhelmed. That may be politically tricky. Its early days yet for Bramaderos - phase one drilling program is over 3 years and has yet to commence.

[1garythomas] 31/3/2019 02:51

No way are they drilling other sites yet, they would have to release that information to the market, that is price sentive and couldnt hold that information back, as regarding drilling permits,they were expecting drilling permits in first quarter, but sandstone waited 2 years, before they got there drilling permits, so wouldnt expect any drilling permits, until if lucky next year.

[5070481] 29/3/2019 15:43

I think they may have to show a little constraint there rather than making the one hole absolutely massive!!! ON the timescale for permits it seems to be second half of the year and stretching out for the next few quarters

[mknight] 29/3/2019 13:22

What about the ok given for just one when a political came to visit.

[5070481] 29/3/2019 11:51

I didnt think we had a drilling permit yet for B+N. DOnt think they can be drilling just yet unfortunately.

[lefrene] 29/3/2019 09:34

Copper having a good tick up this morning, even if Solg isn't.

[mknight] 29/3/2019 07:08

I bet the rig that is probably our largest is drilling 24/7 B+N .rushing to get results out before takeover.

[mam fach] 28/3/2019 19:46

Can't see Solg producing either.
But NM has been adamant he will take it to production.
Now whether he means it is another matter.
We'll have to wait and see- it's dragging a bit now.

[mknight] 28/3/2019 19:14

Alwaysevoling.

Not an advanced stage.

But a very advanced stage.

A few weeks at most imho.

[alwaysevolving] 28/3/2019 18:17

Question being when of course.

There was very little indication in that RNS as to when the PEA will now be released. Could be next week or next year. How longs a piece of string?

Failing anything from left field in the meantime then I think we’re going sideways until it’s released unfortunately?

That said i feel that what ever NM plan actually is here, it will have the best outcome for shareholders. At least I bloody well hope that’s the case!

I’m still of the opinion he is lining things up to off load to the highest bidder at a fair price. I can’t see Solg going all the way to production personally.

[lefrene] 28/3/2019 17:34

If NM is serious about going to production, then he needs to get all his ducks lined up so that he can present a case to his bankers before the company gets picked off on the cheap by predators. So I guess that's why info is not being drip fed into the market. One might regard the news blackout as signalling that something is about to change.

[mam fach] 28/3/2019 17:11

Theoretically they are not allowed to hold back news.
But I expect it's easy to say there's one assay result we haven't had.
Or it's more complicated than we thought.

[lefrene] 28/3/2019 15:30

It seems to me that sorting out the CGP conundrum takes precedent over all else. I trust that NM knows what he is doing. So we just wait until that's sorted, then I'm sure it will be catch-up time on news.

[mknight] 28/3/2019 15:20

jerry.

We have to wait , lets just hope that

1. When it comes it is fantastic .

2. Nobody gets the nod.

[jerryspaniel] 28/3/2019 15:02

I think the share price would have reacted to bad political news but it’s not reacting positively to anything unless the company says something. For one reason or another it seems desperately keen on not releasing any good news atm.
Not sure whether a company is allowed to withhold sensitive information from the market as it sees fit. IMHO that is what it’s doing now.
They moan that they aren’t valued fairly but it’s a two way street and atm they don’t deserve too much goodwill. And I say this as a lth with a bucket of the shares and I have sold a share ever.