Solgold Share Discussion Threads

[juuunx2] 11/6/2019 11:30

Well I just added. If it's good enough for IC to tip last week it's good enough for me. Positives far outweigh the negatives and risk reward here looks good.

[mknight] 11/6/2019 11:17

Each day we wait for the judgement the share price will continúe to fall as those realise their monies could be wipped out.

Anybody holding now must front the possibility that they could lose the lot .

Imho it is just not worth the risk .

We can buy back after the result even if it means paying more .

The other question that has not been answered is if we do win then is there a right for the greens to appeal at any stage in the futue ..or does this guarentee we can mine Alpala .

[lefrene] 11/6/2019 11:11

"very disappointing" is hardly how I feel about it! It does though mean a transfer of shares from the alarmed to the confident, all good business for the MMs. I ask myself would I go short at this level? No I wouldn't because it's all too unpredictable, at any moment these judges could announce something that turns it all around even though we believe it's in purdah until the 20th?

Ecuador has gone from a promising 'mining friendly' place, to an Alice in Wonderland place of the quixotic and unpredictable. If the government expects serious levels of foreign investment, this sort of thing must not be allowed to happen again.

[mam fach] 11/6/2019 10:42

None of us know how this will pan out which i very disappointing.
All the effort and exploration costs should be rewarded.
We can only hope for a successful outcome.

[mknight] 11/6/2019 09:28

Lefrene

They cannot do it slowly . They have to make a stand now . Whats the point in spending millions only to have the project taking away by a few locals .

Who wants to invest in companies drilling for minerals when there is a high chance that these projects will be taken away .

[lefrene] 11/6/2019 09:22

mknight, that's why I believe the government will work to change legislation, I'm quite sure the mining companies are telling the government that certainty is essential or they will cease operations. I would expect the government to make changes quietly but to make them nonetheless.

Politics is a tricky old business as we know all too well, hence the need for due process to be seen to be happening, even if the time lag is exasperating.

There's hundreds of $ billions in potential tax revenues to be had from mining, all governments are spend thrifts of other peoples money, the Ecudorean government is going to wave goodbye to the buried treasure.

[boris cobaka] 11/6/2019 09:09

What an amazing short op when this case first arose.

[mknight] 11/6/2019 09:01

Lefrene

Even if SOLGOLD win this one why Would they try and develope other sites knowing some green will bring another CC against them in another area.

The laws must be changed and NOW.

[lefrene] 11/6/2019 08:57

I agree it should never have been allowed to come to this, but I don't believe even in South America that they are crazy enough to kill the golden goose. Every miner in the country will be watching and making their views known to the government. At this point the government won't want to rock the local boat, but whatever the result I should think the government will be changing legislation so that matters of national importance will supercede local politics. To not do so will see flight of foreign capital, and it won't be back for a very long time.

[greenelf] 11/6/2019 08:53

The question is, do you feel lucky?

[1garythomas] 11/6/2019 08:51

Should have paid this guy off, leadership has gone said for ages he should have stepped aside, more interested in getting his share options, which will never happen now, and hasnt kept his eye on the ball.

[mknight] 11/6/2019 08:48

Mikalan

Its now just a gamble . Heads or tails .

Double or nothing

Red or black

[mikalan] 11/6/2019 08:32

Agree MK. Billions or Nothing. Not the safest investment strategy which is the problem.

[mknight] 11/6/2019 08:26

Its terrible that all solg hard work could be for nothing . So much riding on a CC that should never have happened in the first place .

Worth billions or nothing .

[1garythomas] 11/6/2019 08:11

Tin hats on again guys, lots of big sells already 25p coming.

[onedayrodders] 11/6/2019 07:47

I think those people have already acted to be honest

[arcadian] 10/6/2019 17:47

pob69

Many thanks for your sharing.

[lefrene] 10/6/2019 16:12

Have succumbed to the classic kiss of the Investors Chronicle?

[excellance] 10/6/2019 15:55

lower lows...its a death spiral now!

[lefrene] 10/6/2019 15:37

mikalan, unfortunately I have to agree with you.

[mikalan] 10/6/2019 15:29

The Law and common sense are complete strangers.

[1garythomas] 10/6/2019 15:13

How many locals are employed, not many, most that are employed are from middle class or weathly families, geologist need to go to unversity, in the capital, locals are tribes, most have never gone to school, get real.