Solgold Share Discussion Threads

[noccer] 30/8/2019 13:55

Trev, no gold on the surface at Cascabel as far as I know - I think you are thinking of the epithermal gold at Blanca Nieves which is over 5km North of the Cascabel concession area, and so comes under the Carnegie Ridge subsidiary, and not the ENSA JV. It was the subject of a recent RNS, as Cornerstone has claimed that the gold was within 5km of the Casacabel boundary and so they had a share in it via ENSA, but SOLG RNS says otherwise. As far as I am aware all gold within the Cascabel concession (principally Alpala) is tied up with the copper porphyry, and in value terms is tranlated into copper to report the CuEq grades. It is a substantial part of the value of the metal and with copper falling and gold strengthening maybe as much as 50% of the value. Maybe someone can do some sums on that for us ...

[mikalan] 30/8/2019 13:53

Hopefully we are into a sustained upward trend. If so there is bound to be some selling along the way from those who bought in the low-mid twenties.

[mikalan] 30/8/2019 13:53

Hopefully we are into a sustained upward trend. If so there is bound to be some selling along the way from those who bought in the low-mid twenties.

[mknight] 30/8/2019 13:44

All this fuss over a few permits pro ably .

35p by end of next week is my guess .

[trev1223] 30/8/2019 13:15

lurker5 (post 17493)

It is no use using block caving if the gold is on or near the surface (which is the case in parts of Cascabel). I agree that the copper deposits are admirably suited to block caving).

[master rsi] 30/8/2019 12:34

GOLD and SILVER 30 days and Intraday charts
Gold: 1524.90 -2.20▼ ----- | Silver: 18.32 +0.09▲

[mikalan] 30/8/2019 11:16

Indeed MRSI

Let's hope the Trend takes us all the way back to highs of the past and beyond

[ntbb] 30/8/2019 11:13

Thanks mrsi

[master rsi] 30/8/2019 11:06

mikalan

Well you are one of those going with the TREND

The change of trend is usually due to overhang of shares being cleared, in this case, can be the manipulation is gone because they sold the short.

[lefrene] 30/8/2019 11:00

Master RSI, thank you for your reply.

[mikalan] 30/8/2019 10:55

Choosing when to buy or sell is one of the hardest parts of investing.

There will be a lot of people who sold in the thirties with the intention of buying back in when the dust settled and sentiment improved. I am one of those. I sold, not because I'd lost faith in the company, but because I saw a possible downside and risk.

I bought back in because the fundamentals have not changed and I believed the risk has massively reduced.

I suspect there are many who still believe in the company and will be wanting to get back in. When a rise occurs, like the last couple of days those people don't want to get caught cold and miss the rise, so they buy and the whole thing becomes a self fulfilling prophecy. I hope there is news fueling this rise, but like always resolving I feel it may just be a natural effect.

[master rsi] 30/8/2019 10:53

lefrene

re - earlier info of order book

I have no Level 2 at the moment, got that "info" from somewhere else
The story was as I said, but since there was a pretty clean ( a very small amout compared with earlier days ) offer side, so the bid side was leading to the higher price

re - Manipulated

It happens all the time by the short Institutions
Buying some stock and then Taking a larger size SHORT, so using the earlier buying on the order book offer side to bring the price down to the level they get out for a profit.

They use paid "posters" to do dirty work ( negative comments) at the same time on these boards to help on the process of bringing the share price lower.

[lurker5] 30/8/2019 10:53

Lefrene. I was giving a credible explanation for the shares' weakness. Don't you want to know what drives share prices ?

[ntbb] 30/8/2019 10:44

Clearly investors paying premium for large amount of buys, hopefully they know something

[lefrene] 30/8/2019 10:42

lurker5, you do like to play the Jerimiah, history shows that copper follows gold after a lag of 3 to 6 months. China will do a deal with America, both parties need it, then industry will breathe a sigh of relief and copper will follow.

[ntbb] 30/8/2019 10:41

Someone just bought 163,984 shares at 27.60p

[ntbb] 30/8/2019 10:32

If you look at the l2 order book, it's clearly manipulated, all the way to 50p

[lurker5] 30/8/2019 10:31

Don't know why thre's only a gold price chart here. Copper is far more important to Cascabel (Alpala) and its dire price performance probably explains all this year's weakness. Currently its 21% lower than the $7,268/tonne assumed in the Alpala PEA, and acc to which translates to a 35% fall in its NPV. That would be disastrous for its prospects of being mined. But of course it always was the case that investors (and the majors) are expecting copper to be much higher when mining starts. That assumed China and electric car prospects would stay strong.

[lefrene] 30/8/2019 10:28

MasterRSI, where do you find that information? Has somebody been gaming the market so that others could accumulate?

[mam fach] 30/8/2019 10:27

Seen this happen b4. Sure it's tactics to scare holders into selling. By who I have no idea. It falls on no news and falls on good news. Makes no sense. Don't think NM wants price this low. Interesting times.

[ntbb] 30/8/2019 10:27

They way this monster is jumping, got to be something else then technical, I'm happy to buy below bhp paying 45p premium

[alwaysevolving] 30/8/2019 10:04

Hopefully you’re right Mate. Some positive news from the company now would certainly help cement this rise.

[ntbb] 30/8/2019 09:51

Always, volume is super high for an hour trading, theres something to it, just my Opinion

[alwaysevolving] 30/8/2019 09:40

I don’t think anything has leaked ntbb though I’m happy to be proved wrong.

Like dmitri says, it dropped too low for no other reason but PI fear, dumping and stops being hit compounding the effect.

Now the opposite is happening following that long wick down to 21 which pretty much always signals a turnaround or at the very least a large bounce (I’m hoping it’s the former in our case!) those that sold on the way down or saw the turnaround at 21 have been and still are piling back in and chasing up the price. To me that’s all it is.

Thing is, it needs to continue all the way back to 40p! Will it?

It would have been helpful and probably helped stem the fall in the first place had the company released a simple “we know of no reason for the share price action” RNS. Not too much of an ask when an share price losses 50% of it value in short order!

[ntbb] 30/8/2019 09:39

They are trying to do a tree shake then back up