Solgold Share Discussion Threads

[arcadian] 11/9/2019 21:44

Mira

Thanks for that. I believe that self styled "Master Investor" is overly pessimistic as he worries about costs and has not recognised the growing shortage of copper and the rivalry that will ensue as supplies become scarce. The gold alone is worth $20 billion assuming $5billion start up costs and $3-400 per OZ mining costs.
Copper prices and world confidence are holding this back but they can change quickly witness today`s rises following a gesture by China. A trade deal if it happens will change the world`s perspective and our fortunes with it.

PS Some drilling permits or other news from NM will transform the currant malaise.

[ntbb] 11/9/2019 19:14

Did nm say that? Corporate deal, that is very significant

[ntbb] 11/9/2019 18:26

I like deals

[ntbb] 11/9/2019 18:26

"awkward stake held by TSX Cornerstone Resources which Solgold says it wants to buy because it is blocking the corporate deals it might otherwise make. "

[mirabeau] 11/9/2019 18:21

'So I can’t see much in the near future that will spur the shares higher – unless copper recovers sharply or the major shareholders subscribe for more (once out of their ‘standstill217; periods), which is unlikely to be at a price higher than the 35-40p levels we’ve seen before. So I expect the shares to stay trading in the 20p-40p range, although they are currently testing the base. (Chart nerds would probably agree.)

In the very long term, it is worth bearing in mind that finding Cascabel, with the big share jump it engendered, is not bad for what was just a gleam in Solgold’s (and the market’s) eye only four years ago when the shares were sub 3p. So, if just one of the 12 other prospects start to show a possible second Cascabel, they could see another surge.

And for reasons I’ve already mentioned, any more such Cascabels will probably have to be hived off separately, probably to existing shareholders. So who knows? In ten years’ time (as long as it took Ivanhoe Mines to prove up the giant Oyu Tolgoi copper mine in Mongolia, now controlled by Rio Tinto) today’s Solgold shareholders might have a portfolio of five or six ‘CascabelsR17; – each as large as Solgold today!

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[francoismyname] 11/9/2019 17:06

Just have to accept its out of favour...

Will turn on a six pence though.

The market is corrupt and the city spivvs know a lot more whats going in the background than we do.

[ntbb] 11/9/2019 15:01

100k buy at 23.24p something for sure is going on at the background

[mknight] 11/9/2019 13:52

Lefrene

I agree but you never know .

[lefrene] 11/9/2019 13:26

I'm not expecting anything just for a conference, I feel the game here is bigger than playing to the gallery.

[ntbb] 11/9/2019 13:13

Ideally an rns before he speaks after all alot of drillings done

[mknight] 11/9/2019 13:04

NM

Will be speaking tomorrow at the conference .

[mikalan] 11/9/2019 12:31

Not sure I'd be getting too excited 855k shares at time of writing is nothing.

This moves up and down seemingly based on nothing!

[mknight] 11/9/2019 12:01

Double bottom ?

[mknight] 11/9/2019 11:55

Buys behind the scenes imho

A few big trades after hours .

[master rsi] 11/9/2019 11:47

Maybe it was my post?
It was 4 minutes after it. LOL

[ntbb] 11/9/2019 11:23

Somthing has triggered the buys, no surprise

[mknight] 11/9/2019 11:20

Lefrene

A few million and you can move this share up and down from 22.5 to 27p until concrete news comes .

[lefrene] 11/9/2019 11:07

I suppose it comes down to the question, would I short it at this level? Well I wouldn't have the bottle to.

[master rsi] 11/9/2019 10:41

After the storm comes the peace
The last few days of falling share price ( retracement ), has come to an end so far today, needs some pause at this prices now
before the game starts again

[ntbb] 11/9/2019 09:02

Thanks lef, I'm holding, news could come anytime, if it's good enough for BHP newcrest etc then it's good enough for me

[lefrene] 11/9/2019 08:55

ntbb, I don't know what it was, but it must have been well North of the 45p paid for their holding. Far more resource has been revealed since then. I'm guessing silence will reign here until the day Newcrest come out of purdah.

[ntbb] 11/9/2019 08:55

We have $500 billion plus more assets, probably double that when results comes through

[mknight] 11/9/2019 08:44

Wrong thread