Solgold Share Discussion Threads

[lefrene] 31/7/2019 18:21

Thank you, but credit is due to 'Everlong50' in another place.

The presence of our finance man one hopes will indicate the seriousness of intent by NM to take Solg to production unless of course he gets an offer too good to turn down.

From the article it seems that $2.6 billion would be sought to get to production, which given all the attributes of the project seems small potatoes compared to some mining operations.

[mknight] 31/7/2019 18:05

Great post lefrene .

I think i need to buy a few more 😁

[lefrene] 31/7/2019 16:29

Our financier very well thought of, with excellent track record.

[lefrene] 31/7/2019 14:15

Perhaps the question to ask oneself is, would I short it? And if I did could I sleep at night? The answer to both is No! In the meantime bots and boredom will likely see it drift on modest volume.

[trev1223] 31/7/2019 14:09

lefrene - interesting skew on the situation. I agree that it is most likely nothing will happen.

[lefrene] 31/7/2019 13:59

trev1223, as it's the holiday season I doubt pivotal people will be back in harness before late September indeed the new finance chap isn't joining untill then. Which means two possible things, either nothing will happen at all, or it's an excellent time for an outsider to pounce, :¬) My guess is on nothing happening at all.

[mknight] 31/7/2019 13:54

Or maybe someone will make an offer at 60p. And those that sold will be sick .

[1garythomas] 31/7/2019 13:47

There's the 28.5 that i mentioned about 2 weeks ago, will test that shortly, doesnt look like it will hold this time, and low 20s are coming, without any news till year end, not looking good.

[trev1223] 31/7/2019 13:25

Totally agree lefrene, imo little will happen this year - hope I am proved wrong of course.

[lefrene] 31/7/2019 12:45

It's a poker game in aspic, but the chips on the table are real and very valuable. Solg has just played the highly connected financier card, Newcrest has to wait until the end of October before they can lay a card, and BHP a bit longer, so will CGP be the next to blink?

[trev1223] 31/7/2019 12:16

Yuff is right (post 17113)

[mknight] 31/7/2019 10:58

Shabadi

Gary may be right and he may be wrong

I may be right and i maybe wrong .

No large holders have sold so i am of the opinion Gary is wrong .

Time will tell .

Low volumes like todays tell me PI,s dont have patience.

[shabadi] 31/7/2019 09:36

Not looking good with another court case starting up demanding a mining referendum.

Now looks like this will keep happening until the government stops it or they win a case. Same people submitting the papers, but different regions.

And as Gary mentions the general election is looming and who would want to invest with all this uncertainty. Share could be heading down and yea low 20's easy. Let's hope Ingo has a plan that does not involve massive dilution.

Suggest you all listen to Gary and ignore the random guesswork of the likes of MK.

[mam fach] 31/7/2019 09:35

Seems this has taken so so long.
Looking forward to the day when us Solgers are proved right.
NM has stated he is taking us to production.
It is suggested/confirmed in latest presentation to be feasible and doable.
Not convinced that should an offer be made it would not be accepted.
GLA

[lefrene] 31/7/2019 09:16

Don't feed the trolls, just filter them.

[shakester2] 31/7/2019 08:58

Gary - what motivates you to write exactly the same thing over and over again, day after day after day? It does become rather tiresome

[1garythomas] 31/7/2019 08:52

Whats going to happen in just over 12 months, a general election, and tge oppostion party totally against mining and vast majority of people in equador against mining, i doubt whether this will be bought out or go to production, about 25% chance of either, and as i said 2 weeks ago and was shouted down again, charts point to 28,5 being tested again, will it hold, with no news down until end of year, looking like low 20s, and NM has coursed all these problems, no leadership, no direction.

[mknight] 30/7/2019 21:01

Yuff

I am sure you are right .

But in NM,s shoes you need to have a plan b and c .

The regionals should have been drilled this year but in now looks like it has gone back to 2020 so the rigs he was going to use are now going to Alpala which just might be a stroke of luck .

While everyone sits and waits for those permits we have 15 rigs producing 15000 meters a month . The quicker we prove up Alpala the better . Its going to be the largest C/G/silver mine in the world . SO lets prove it up and gain a bigger advantage over the competition .

If no one bids ( which like you i find impossible) then he will find a way to take it to production .

[yufff] 30/7/2019 20:51

I have no doubt a bidding war will ensue.

Solg cannot and will not go it alone.

The quickest way to big bucks is as NM once said we are open for business.

Until that happens what’s Nm going to do? Nothing?

No way he will proceed as if production is the norm .

If it does reach production the price will be in to almost double digits with the copper and gold that will be extracted.

[mknight] 30/7/2019 19:50

Thanks pob69

As long as it does not affect Alpala .

[pob69] 30/7/2019 18:33

A new request for popular consultation on mining activities in the country, reaches the Constitutional Court this time in Azuay with potential impact for Sharug (Green Rock) Solgold $SOLG $SOLG.L #ecuador

[pecker1] 30/7/2019 17:05

mknight,

Solg already has at least a three/four year head start in Ecuador.

Delay in permits is preventing NM from carrying out his declared strategy of fast-tracking the development of gold projects to help finance Cascabel. Their capex this year is heavily weighted towards regional exploration and every month that passes means a delay in payback.

IMO, we need Ecuador to start issuing permits asap for real projects to create a momentum that shows it is serious about building a mining industry. Outside investors will take note, the country risk factor will reduce and Solg should be revalued accordingly.

[mknight] 30/7/2019 16:54

SolgoLds offer to cornerstone is now 40 percent over the cornerstone share price .

How many on here would sell up if offered 40 percent more for there shares ? Without losing their asset ????

Getting close imho