Solgold Share Discussion Threads

[1garythomas] 29/5/2019 19:47

You knew there there was a chance of this, with his 5 year advantage, what difference does it make about the other sites,or slowing down on the drilling, to save money if the vote goes against solgold, game over, company finished.

[mknight] 29/5/2019 19:39

Cornerstone down 13.33 Percent.

If i was NM i think i Would slow down the drilling until he knows which way the wind is blowing. Maybe a góod thing that the permits for water have not arrived just yet for the regionals as Cash is king for the now.

[1garythomas] 29/5/2019 18:13

I agree but mine the country yourself, rather than these companies with there fat greedy shareholders, like chile, largest mine in tge world owned by tge state, nit shareholders and fat greedy ceos trying to screw shareholders, keep it in house.

[lefrene] 29/5/2019 17:54

The government has probably already 'spent' their expected windfall from mining. As the President has said, if you want to block mining then you must demonstrate where the lost income is going to come from.

Venezuela is not that far away from Ecuador and, indeed refugee's from there wash up in Ecuador, so you don't have to go far to see what the economic policies of chanting children will reduce your country to.

Perhaps a holiday in Venezuela might be an education for the activists.

Ecuador has an opportunity to join the 'first world' with this buried wealth, but nope some small time politico's want to screw it up and deny their citizens a decent standard of living.

[1garythomas] 29/5/2019 17:26

They have spent peanuts.

[alwaysevolving] 29/5/2019 17:21

Right, that must be why BHP and Newcrest bought 25% of the company. Because they knew it was “Game Over” !

Must try harder Gary

[1garythomas] 29/5/2019 17:12

Now you know why we never received any bids for solgold, everyone know this was coming, game over.

[1garythomas] 29/5/2019 16:58

Dont think so, one of the areas they are most concerned about, NM knew about this, and i wonder if he will give his mining award back,expect the same tokorrow, have this till wednesday, so would expect to see low 20s, at least he will never got his greedy hands now on them 60p options.

[lefrene] 29/5/2019 16:54

That court challenge in Ecuador is real enough, no doubt politics and graft in the mix too. The foot dragging on drill permits might well be part of it? Whatever is really happening it creates too much uncertainty, hence people heading for the exits.

[yufff] 29/5/2019 16:48

Cream rises .

Solg will be a mine run by a Major before any environmentalists get a positive response .

[shakester2] 29/5/2019 16:43

Can't believe this de-ramping sh@t works, so transparent. Shake that tree

[onedayrodders] 29/5/2019 16:42

mamfach .. hopes now with OPTI & SBTX

[lefrene] 29/5/2019 16:40

If that's the only UT it's rather small. Rather looks like onwards and downwards tomorrow then.

[arcadian] 29/5/2019 16:19

So far only 6 out of 1900 million traded. Surely small investor (as in MK) panic.

[mknight] 29/5/2019 16:05

UT will be interesting could be as high as 35.5p

[lefrene] 29/5/2019 15:51

Currently Ecuador is doing nicely out of the nascent mining industry, the damage will be swift and significant if this case undermines the industry. One hopes the President has the power to set it aside in the national interest. I presume that his phone is busy with angry mining companies pointing out that no one will invest there for decades if this goes through.

[mknight] 29/5/2019 15:45

If it drops alot lower i will buy a few but it Would be just a gamble that the news goes solg,S way .

If it does then the share price will rebound quickly imho

[lefrene] 29/5/2019 15:40

Without having inside knowledge it is straw clutching. Looks like about to go sub 34p which no doubt will trigger stop losses.

[mknight] 29/5/2019 15:35

Lefrene

You are not clutching at straws. You are correct someone large is taking the shares being offloaded. They do not have the fear the PI,s have .

[lefrene] 29/5/2019 15:31

mknight, the scale of it means it has to be an institution or a miner. I suppose if you thought it was a good deal at 45p, now's your chance to load up. Presumably they have confidence that the political game playing will get kicked into touch? You would need feet on the ground picking up local opinion to make that sort of call, or be such a big player that you can sue the government for breach of contract? I know I'm clutching at straws here.

Perhaps NM comes across as so fed up in those videos that he could see this legal hiatus would give an opportunity to the heavy crowd to grab cheap stock, and may be lever a cheap take over? (More straw catching)

[mknight] 29/5/2019 15:26

Lefrene.

At the moment we have a buyer at 34.25 so the sells are being taking by him or her . The MM,S also probably have someone buying up the o trades .

The problem gets worse when there are no buyers. Then the share price keeps falling until someone thinks there is value .

Might see a drop soon unless the 34.25 is an iceberg.

[mknight] 29/5/2019 15:22

Cornerstone down 8.33Percent

[lefrene] 29/5/2019 15:21

mknight, it's always been a mystery to me how these events get handled by the market. Each sale must have a buyer on the opposite side, but who willingly catches the proverbial falling knife?

[1garythomas] 29/5/2019 14:58

Bloodbath tomorrow and friday, expect to see 20s again.