Solgold Share Discussion Threads

[lefrene] 18/7/2019 12:56

Well laid out reasoning there Lowtrawler, currently your 28p lower band looks more likely despite higher metal prices and the evident stance of the government in getting behind the mining industry.

[lowtrawler] 18/7/2019 12:29

There are 4 key drivers for the shareprice:1. Most importantly: political and execution risk. While the current government is supportive of mining, the opposition are not. Turmoil in Venezuela and Colombia is creating concern over the whole region. Coupled with the lack of local track record, infrastructure and how SOLG will fund through to Production, sentiment covering these issues will be the main price driver.2. The likelihood that a big player will make an offer for SOLG. The more likely this is, the higher will be the price. At the moment, the big players are unlikely to bid for a variety of reasons and so there is little price support from this driver.3. Newsflow from SOLG. As more test findings are published, progress is made and the path to production becomes clearer, it will create reassessment of prospects and shareprice. SOLG have been very quiet for a number of months and so little support has come from this direction.4. The price of metals. This will drive the long-term cash flows and ultimate value of the mines but is currently minor compared to the 3 drivers above.Short term, the only thing likely to significantly drive the shareprice is SOLG newsflow. Positive news will lead to price spikes before settling back to around current levels. Negative news will lead to a sustained price reduction.Any change in political sentiment is likely to be many years away and so anyone looking for a more immediate return is likely to be disappointed. It will probably be worth playing volatility in the price by selling a couple of days after good news and buying back in a few weeks later. However, you always risk missing out on the next big discovery or the probable takeover offer.This year, I can imagine spikes in the price to 40p plus but I believe the stable price will sit between 28p and 34p. In other words, on a short term basis, unless you are planning to trade the price volatility, returns will be minor compared to the risks being taken.On a mid-term basis, you can expect a takeover offer but this may not be as generous as you hope. I suspect that 60p would be the minimum and it may go up to 100p. A decent return commensurate with the risk but I think most of you would be disappointed at these levels.Long-term, if SOLG can fund through to production, avoid political pitfalls and become a big producer, I can see 300p plus as a realistic target. However, there will be a rollercoaster ride taking you there.I'm currently long on SOLG at an average price of just over 30p. My intention will be to play the volatility – selling above 40p and buying back in at 34p or less. I believe that political and regional sentiment is unlikely to drive the price much lower and so, while there is always a chance of a sustained price reduction, the balance of risk v reward is favourable.

[arcadian] 17/7/2019 18:37

At least it would appear that no one else knows anything significant at the moment.

[shakester2] 17/7/2019 16:22

Nope. Nor silver. Or copper..

[lefrene] 17/7/2019 15:59

Gold getting another lift, but Solg's nowt to do with gold, is it!

[alphapig] 17/7/2019 15:53

Whenever you can? That's pretty much all the time.

[rougepierre] 17/7/2019 14:24

still adding sub 30 whenever I can...

[lurker5] 17/7/2019 12:19

Hope Newcrest wasn't advising Rio on Oyu Tolgoi block caving !

[dmitribollokov] 17/7/2019 07:44

Meanwhile, over at ARCM...

[dmitribollokov] 17/7/2019 06:52

Yup it will do mck, just need them to work out what’s happening with cgp. It’s stopping all the other news from coming out.

[1garythomas] 17/7/2019 02:52

Looks like it going to test 28.5 again, those that have listened union jack oil up another 7.5 percent yesterday and 2 5 percent the day before, up 80% in just over 2 weeks, made to be made on the market, while better returns in the building society than solgold.

[mknight] 16/7/2019 21:06

Dmitri

News will come when NM is ready . The drills are still drilling proving up more and more every day .

When the news comes it will blow our socks off .imho

[mknight] 16/7/2019 21:06

Dmitri

News will come when NM is ready . The drills are still drilling proving up more and more every day .

When the news comes it will blow our socks off .imho

[dmitribollokov] 16/7/2019 12:37

The silence from the company is deafening here.

[mknight] 16/7/2019 10:16

Permits should be announced soon .

What affect will that have on the share price ?

The excitement should return with regular updates .

How many Apalas do we have ? Will BLANCO Y NIEVE produce stunning drilling results .

Difficult for me to stop buying more at these levels .

[mknight] 16/7/2019 06:53

Good morning .

Down 2 percent yesterday .

So 45p will now return a whopping 51 percent .


As Arcadian said be patient and buy as many as you can without risking money you cannot afford to loose .

[arcadian] 15/7/2019 20:33

I`m surprised that the gold in Solg hasn`t revived the share price Copper Miners rose today and our time will come.

Mck ----you did the right thing and now like the rest of us must be patient. Like you I will be adding at this level.

[jone06] 15/7/2019 20:20

20:1 share consolidation

[virenvit] 15/7/2019 19:03

Anyone know reason why the huge change in cornerstones share price?!

[lefrene] 15/7/2019 13:00

I assume there is no news as part of tactics required to resolve the Cornerstone stand off. At the same time I also assume that the likes of Newcrest and BHP are being kept abreast of progress on the ground. Things won't be standing still, but news could come tomorrow or nothing for months. NM must be considering various offers and balancing those against raising capital from Banks to go it alone. Only by being serious about going it alone will he get sensible offers from other parties, if they really want to own a tier 1 mine. It's going to take as long as it takes, but metal prices seem to be heading upwards which might concentrate hearts and minds.

[alwaysevolving] 15/7/2019 11:00

Needs news ASAP

[dmitribollokov] 15/7/2019 10:45

Yup completely. Before the CC it was always there in the background. Now it's been batted away, there should be a lot MORE confidence in this.

[mknight] 15/7/2019 10:35

Mikalan

I would agree with that ,the reality is that without the political fear we should be valued x3 atleast .

If ALpala was in Chile or Australia what would the share price be .

Imho the political risk has dropped now the Cc is over .

[mikalan] 15/7/2019 09:54

The CC knocked confidence I believe. We need some significant news to give this a kick up the backside.

[mknight] 15/7/2019 09:20

The facts are that after the CC SOlgold
Has been derisked at Alpala by a considerably large amount .

The surprise is that before the CC SOLGOLD traded at 38p. Now 30.90p .strange no .