Solgold Share Discussion Threads

[shabadi] 13/9/2019 14:43

Charts - zzzzzzzzzzzz

[master rsi] 13/9/2019 14:41

Copper is moving well ahead this morning and it looks like it wants to spike UP this afternoon

[master rsi] 13/9/2019 14:36

The Opening UT this morning was 23p, most times it gives the reason why, like today that the bounce was on the way, now not far from that the last "AT" was 22.95p.

[master rsi] 13/9/2019 14:15

YES, things are looking better as the "0" trades are appearing more often on the trades side and AT being taken as high as 22.90p

[master rsi] 13/9/2019 13:03

Buys have been on the larger size "0" for the last few days, a signal that the stock at this prices is considered undervalued.

The 5 days chart is giving an idea of how the low of yesterday 22.25p is a thing of the past.

just reported 146K x2 a roll over

[pob69] 13/9/2019 13:02

Something different and you could potentially say "back to the future?" recalling the origins of Solgold as Solomon Gold. China is moving into the Solomon Islands (who are keen to sever existing diplomatic ties with Taiwan and re-align themselves with China) with a big contract win to develop the Gold Ridge Gold Mine Project (approximately US$825 million). This mine hasn't had the best of histories with major flooding distasters in recent times.

Solgold's Kuma prospect is 37km south-east of the capital Honiara where as this mine is 30km in the same direction. Solgold has a drilling program planned for 2019. $SOLG $SOLG.L

Interesting....

[cielos] 13/9/2019 12:37

Technical Indicators are looking at their lows - oversold - and already changing
direction.
Bought 12k earlier

[francoismyname] 13/9/2019 11:39

Message is very clear from the spivvs

Though shalt not rise

[master rsi] 13/9/2019 11:09

From the "UPS" thread......

SOLG 22.70p +0.30p
There are signs for the last couple days that the bottom has been reached and is ready for a bounce. Yesterday the retracement was 78.6% a maximum on the Fibonacci.

[mknight] 13/9/2019 09:54

100 people at BLANCAYNIEVES

permits very very soon imho

Gold production before Alpala imho

[mknight] 13/9/2019 09:54

100 people at BLANCAYNIEVES

permits very very soon imho

Gold production before Alpala imho

[ntbb] 13/9/2019 09:49

Very interesting presentation, NM giving us heads up, keep ur eyes peeled! Perhaps bid comming

[ntbb] 13/9/2019 09:42

"Keep your eyes peeled'

[1garythomas] 13/9/2019 09:26

Why would they bid for solgold, does not mske any sense at all, if they between them grab another 10%, thst will take them upto about 45%, of the company, newcrest have 15%, bho11% and cornerstone 10%, why would they bis, when thry could get another 10% nexy year as well, between them, they can wait for years, and with nearly 45%, makes it very difficult for a 3rd party to get involved now, its looking like a joint venture; bhp and newcrest.

[pob69] 13/9/2019 09:16

Nick Mather video and presentation at Precious Metals Beaver Creek $SOLG $SOLG.L $CGP #cascabel #ecuador SolGold. Slides much more interesting than the presentation which offers no mention on CGP bid or drilling permit progress which is the short term catalyst for share price re-rating.

NM does state however: "...spending at rapid rate, ...will need financing...having Newcrest and BHP they obviously provide good sources of capital when we need raisings..." seems confident that they will provide funding? (at around 18 mins)

Several changes in slides from August ppt (many new ones detailing subsidiaries targets - 2 of which have a newish logo emphasising "subsidiary of Solgold")
Slide 5 USD$22m in bank
Slide 9 - changes to Gantt chart with added ticks for next Q (suggesting they are already very confident that they will achieve activity completion in Q4 2019?)
Slide 22 - presently using 12 rigs (from 11)
Slide 23 New - summarises what we are all waiting for very patiently: the resource upgrade
Slide 32 - 75 concessions (from 72)
Slide 34- 3 Drill permits approved (where?). Rio Amarillo is now included as a porphyry copper target (as well as epithermal gold)
Slide 36-46 Carnegie Ridge - Majority new particularly emphasising "Bonanza" Blanca and Q4 drill ready "Sleeping Giant" Rio Amarillo (which is Jason Ward's favourite drilling priority)
Slide 47 Green Rock - Majority of slides are new including Cisne and La Hueca (which is odd as it is a Cruz del Sol target)

[yufff] 13/9/2019 08:40

Bid will come after PFS.
No doubt about this happening.

[mknight] 13/9/2019 08:23

If NM raises money with Newcrest and Bhp
At 30/35p there are going to be alot of sick people that sold .

[master rsi] 12/9/2019 22:46

re - who will blink first

Gold did spike well this afternoon $26 higher at one time, but did not last as at the end is only $1 up.

[lefrene] 12/9/2019 14:42

Somebody is going to want to own and greatly profit from all that metal in the ground. There are precious few resources with all these positives, so who will blink first?

[lowtrawler] 12/9/2019 14:30

Wind direction is based on where the wind is coming from and so a southerly wind would be increasing the price. Unfortunately, with low volume, no buyers and impatient investors, the share price will always have a tendency to drift South. Stop worrying, unless you are forced to sell, it's not going to make any difference. Stop looking at the daily price movements and trying to understand them, it will just make you more likely to irrationally buy or sell.

[francoismyname] 12/9/2019 13:21

with heavy gusts

[mknight] 12/9/2019 13:16

Shame its a southerly wind .

[lowtrawler] 12/9/2019 13:14

Patience. The big boys and the insiders are not selling. They don't care where the current price is. The only people being turned over are the impatient small investors. Wait for some proper news, until then it's just drifting in the wind.

[mknight] 12/9/2019 13:04

Agreed Arcadian