Solgold Share Discussion Threads

[mam fach] 22/8/2019 20:06

Time to buy is when share are friendless.
We certainly have a lot of enemies out there.

[excellance] 22/8/2019 18:06

excellance3 Jun '19 - 14:06 - 48 of 67 Edit
Sad to see, and we aren't at the bottom yet!

Even 28 looks expensive, it'll probably drop as low as 22p before any recovery.

[alwaysevolving] 22/8/2019 17:58

MK, I admire your confidence and Nerve buying more. That said, buy when there is blood in the streets and he who dares wins etc.

It can’t keep falling at this rate or it’ll be at zero within a month! Has to bounce / turn at some point.

[lefrene] 22/8/2019 17:24

We're certainly a long way from that hinted bonanza low hanging gold deposit! I wonder what Newcrest and BHP think of it so far!? But then they hold the clout to make it into an actual business if/when they choose.

[lunus1] 22/8/2019 17:12

mknight You may well be right lol. I’m only a small fish so just trying to cover my losses by getting back in at a lower price, hopefully with a net increase in shares.
I’ve still got tremendous confidence on this share, I just bought in too high lol.

[pob69] 22/8/2019 17:11

For anyone interested in cross referencing Solgold's newly discovered Coangos concession with Aurania's nearby and now potentially physically connected Apai discovery announced today $SOLG $SOLG.L $ARU #ecuador

[lunus1] 22/8/2019 17:08

Lowtrawler I thought Ingo Hofmaier was being brought in to oversee financing for Cascabel. Has he joined early because I thought he would join on the 9th September? If it is the 9th he joins it’s going to be a while yet before finances are in place.

[mknight] 22/8/2019 17:05

Lunus 1

You might not be pleased if it shoots up tomorrow .

But looks like you have bought some time

Only 2m traded so probably a few fed up with watching it fall and sold adding to the fall .

Will pick up a few more over the next few trading days.

[lunus1] 22/8/2019 16:09

Gary. Spot on advice, should have taken it earlier but pleased I got out at 25.90 this morning. Thx

[1garythomas] 22/8/2019 15:51

Told you guys to sell up, its was heading sub 28p, and was shouted out, told you it was heading for 22p, anx again correct, charts are pointing at 22p, to test that level, then 19p, i also mentioned sell up and buy into union jack oil about 7-8 weeks ago, up nearly 100%, biggest onshore gas and now oil find in 50 years, and when the EWT is completed and results that are expected, could bag another 10 times, not to late to get in, all the money has been made in solgold from 3p to 45p, 4000 percent or their abouts, people fall in love with some shares, its about making money, this share is now a dog share, people have made there money, movd on.

[alwaysevolving] 22/8/2019 15:45

Come on NM. Sort it out FFS.

[mknight] 22/8/2019 15:41

Looks like it may Dmitri.

As soon as possible would be good . Never nice looking at a share that drops everyday .

Well better put an order in for a few 100k more .

[ntbb] 22/8/2019 15:39

This has to be sh8t of a share

[lefrene] 22/8/2019 15:36

Now at level briefly hit when there was panic over a court case, then there was something to worry about!

[mknight] 22/8/2019 11:59

Maybe 200 million at 25p.

[lurker5] 22/8/2019 11:53

The shares are drifting on miniscule trading by pi's. Its institutions and the majors who are sitting on the shares that anyone would try to bid for - and they won't give them up at these levels. On the other hand everyone significant who wants to buy has probably bought. So expect the drift to continue, esp as the PEA if looked at closely doesn't look that compelling as yet, and the annual report shows at least a 10% share raise coming to fund drilling six months out.

[alwaysevolving] 22/8/2019 11:11

Well, in fairness to Gary, and as much as it pains me to admit it, he called this right. I called it wrong.

I ponder now how long NM is going to let this daily drip down erode the share price for before the company do or say something to stem the tide?

The lower it goes the greater the chance is of having the company nicked from under him with a low ball hostile bid and that could come from anyone, I’m not just talking BHP or NC.

[lowtrawler] 22/8/2019 11:10

I posted on 30th July that the price was likely heading towards low 20’s as the market absorbed the possibility that SOLG would aim to develop the sites to production themselves rather than seek a takeover. The little positive news since then has not stemmed the fall and I doubt that even news on the licenses, cornerstone, or additional core finds will have any great impact. The only news likely to lift us will relate to progress on financing. With the financing guy just in the door, I’m not sure how soon we can expect any news on this front. As others have pointed out, we likely run out of money in 6 months and so we will need some form of announcement this year. Until that announcement is made, I’m not expecting any recovery in the price.

I had originally got into SOLG intending to play price volatility. That has not proven possible but the reason I was comfortable playing volatility was that I believe there is a strong core business here. As a result, I have parked my shares as a long-term investment and will ignore any paper losses accruing against them. I don’t feel comfortable selling and trying to get in cheaper later. This is because it is still possible we get a takeover approach and a financing announcement could be made anytime between now and the year-end. Either of these events will have a material impact on the price.

I do wonder if the licenses have been delayed until SOLG can prove they have the financing to exploit them. If I were the government, I wouldn’t want to grant licenses and have a half finished mining site in 6 months’ time when the licensee goes bust. Given that we have been told the licenses will be granted imminently, it might mean we will get a financing announcement imminently as well. Let’s all hope so.

[lefrene] 22/8/2019 09:19

It spiked down to 24.5p on the court case fear, but it's all a guess, simply drifting down on lack of positive constructive news.

[arcadian] 22/8/2019 09:18

Mk

It`s not far out. After initial costs the cost per Oz is usually about $3-4 hundred

I would on current prices expect a base profit of at least $1000.

Have a look at other gold miners.

[zcaprd7] 22/8/2019 09:10

Not good technically, could fall to 20p?