Solgold Share Discussion Threads

[mknight] 25/9/2019 09:14

Whites123

To be fair most that post on here are still upbeat .However it is not easy to watch the share price drop from 40 to 21 in a few months . It is also confussing to most to understand the Cornerstone situation and the lack of drilling results released by the company . NM has alot of money invested here so commonsense would suggest he has a plan .

[pob69] 25/9/2019 08:57

Excellent series of comments from whites123.

So much heat and little light provided by so many rampant posters here...

Anyway, here is an interesting read.

[whites123] 25/9/2019 08:44

Unbelievable the impatience and blame apportioning directed NM's way.

Its a Multi Billion $ exercise.
It is NOT run for the benefit of a few PI's (Who probably have a couple of £k in shares here)

Just because you buy a few shares does not entitle you to command nor demand newsflow to satisfy your egos and allow you to sell and move on with your 10% to 20% gains.

NM is looking after Shareholders... not greedy speculators (traders) whatever you call yourselves these days.

Resources are confirmed and guess what? Even with price fluctuations will not become unfashionable nor worthless.

If you really want a guaranteed increase to your funds then I suggest a bank where you can get 2 - 3% per annum.

If you see investing as a realisation of your own research and can hold off for a couple of years for potentially many 100% increase then STFU and allow the experts to do what they do best... Identify prospects, prove prospects, attract backers and then allow the fun to begin...

Whaahhhhhhh, whaahhhhhhhhh.whaaaaaahhhh... I want my cake and I want it now.!!!!

So many exoerts.... NM has £Millions at stake here....
How much do you vocal guys have at stake here?
Gary? Whats your skin in the game?
You are after all constantly promoting yourself as some kind of expert, I expect your wealth and expertise dwarfs that of NM's.

[mknight] 24/9/2019 21:42

NM has alot of shares and options . I would think/hope he has a plan .

The share price is horrible and may go lower but long term as lefrene has pointed the billions we have in gold,Silver and Copper will see the share price alot higher than its ever been .

I hold and will buy more as monies come available as i did at 22.75 .

[francoismyname] 24/9/2019 21:22

Agreed but you’d think NM would not stretch your patience so much...

[arcadian] 24/9/2019 20:35

I can understand the copper price and the uncertainty brought about by the US-China situation but I would have thought that c 23 million OZ of gold would counter this given the price of gold and the net profit of c.$1000 per OZ making the gold worth c.
£18 billion about 45 times our total worth. The copper would be a bonus at some point.
We just need to be patient.

[shabadi] 24/9/2019 19:49

😂😂😂

Are you trying to be hip - you're just coming across as an illiterate clown.

Gary is more right (so far) than anyone on here.

[fsawatcher] 24/9/2019 17:41

Could we see 3p again???

you gnna see 3p in yous bank balance you dipshik

but only once yous paid for all yous posts

wot the pointa of yous ixsistance

you like a a bb clown innit

giff gaff gary we gonna call ya

[1garythomas] 24/9/2019 16:35

Could we see 3p again???

[1garythomas] 24/9/2019 16:27

Ronald mcdonald could run the company better than NM.

[pob69] 24/9/2019 16:24

Further evidence of, I assume, current and future actions "behind the scenes" $SOLG $SOLG.L #ecuador SolGold.

"....New encounter A meeting is scheduled for the third week of October with the four governors of Zone One: Carchi, Imbabura, Esmeraldas and Sucumbíos. In addition to the representatives of the SolGold Mining Company, Arcom, Ministry of Mining, Armed Forces, National Police and Plan Ecuador. The conclave to be held in the community."

[lowtrawler] 24/9/2019 16:22

It's all very simple. No news means that the price will continue to fall. All that really matters is news on financing. Until this is announced, there will be no sustained recovery in the price. As private investors, we don't know if that news will come tomorrow or next year. I'm going to continue holding until an announcement.

[francoismyname] 24/9/2019 16:09

Under £400m market cap now.

Wish someone came in now and made a decent bid. Too many games played and NM for me not releasing info is illegal as meant to release price sensitive information immediately.

[1garythomas] 24/9/2019 15:39

Again told you guys about 3 weeks again would test 22p support, this time with volumes so low and placement on the cards, didnt look like the support would hold, now looking at support levels of 19p, and could see that this week.

[lefrene] 24/9/2019 12:07

chumbo, it's an ugly game and most probably the players are well known to one another. It's a big prize worth cheating and stealing for, I guess the players have plenty of 'previous' in those categories.

[1garythomas] 24/9/2019 12:04

2years ago today 31.5 share price

[1garythomas] 24/9/2019 11:57

This time last year the share price was 36,3 pence, what a wonderful job NM is doing, would make a great future manchester united manager.lol

[chumbo] 24/9/2019 11:56

The last exploration update was 5th August I think. We seemed to be getting them daily at one point.
Frustrating thinking it had bottomed in August when I topped up. We must trust NM to play the game of chess as he sees fit and hopefully when we are properly in play the game will be savage.

[lefrene] 24/9/2019 11:40

chumbo, there is indeed an extraordinary mis-match between the value of the resource discovered and the current market cap/share price. For whatever reasons Nick Mather is not spelling this out, nor are they speeding up their proving reports, although another one should be due in a few weeks, perhaps to coincide with Bank negotiations by our new finance expert.

The metals value of Cascabel/Alpala so far is put in excess of $100 billion with the PEA valuing it as a proven prospect at $2.8 to $4.1 bn. All the prospects being looked at could well have a collective value of metals over $500 billion.

One would hope that word gets around the other remote parts of Ecuador of how much positive difference Solg has made to the lives of people at Cascabel, they will all want their share of prosperity.

[yufff] 24/9/2019 11:40

Is Anna towing the party line re CGP offer??


The only word I had from her is that a huge amount is going on both in corporate terms and operational terms.

I believe that current lack of news will end soon and we will have a blockbuster of an update .

Could be any one of a dozen things.

The whole mining world knows what we have now in the ground.

Someone wants it and someone will make a move soon.

Don’t forget those 60p options.


They were not plucked out of the sky at a whim.

[whites123] 24/9/2019 11:36

Brilliant.....

Every free board around has its own guru who talks down a share for all he is worth and suggesting he actually understands the situation..

The cap for this board is handed to gary... Thanks for the laughs mate..
PS: What exactly is the size of your "Small Punt"... Just so those providing any credibility at all can gauge just how successful you really are?

£100k ??
£200k ??

or is your "Small Punt" sub £50k ??

[lefrene] 24/9/2019 11:20

Well if NM's plan is to get the share price down to make it cheaper to buy out CGP's share, then I would say he is succeeding handsomely!

For a government in real need of foreign earnings, they seem to be doing as good a job as the UK getting out of the clutches of the EU.

[chumbo] 24/9/2019 11:19

I'm no chartist but there seems to be a clear inverse relationship between resource discovered and the share price

The question therefore is how much more Au/Ag/Cu do we have to discover for the share price to turn negative?

[lefrene] 24/9/2019 11:11

Machine translation of pob69's post.

It sounds to me that the locals prefer a properly run mining company to the chaos of illegal mining, but naturally they want jobs and social improvements from it. Altogether 10,000 hectares are being explored, or perhaps will be explored? Perhaps the drill permits are awaiting deals with villagers to be sorted?

---------------------------------------------------------


In the community of El Baboso, belonging to the parish Tobar Donoso (Tulcán), the governor of Carchi, Edin Moreno; a representative of the Carchi 04 Police Subzone, six presidents of parish boards, representatives of the Federation of Awá Centers of Ecuador (FCAE) and the community members, to discuss the issue of mining in the territory and other situations demanded by the residents.

“We have been outraged by illegal miners and businesses. At the moment the foreign company is in the sector doing some small jobs, ”said Moisés Arcos, president of the El Cielito community (Bolívar canton).


Area to be operated

On mining in the area, Arcos said that currently two projects, known as Blanca and Nieves, are carried out by the Australian mining company SolGold, within a concession area of ​​approximately 10,000 hectares.

The Blanca project, according to its perspective, includes 5,000 hectares, including the entire territory of El Cielito; while the Nieves project also has an approximate 5,000 hectares, in the area of ​​El Baboso, a portion of Río Verde and Las Praderas.

In the future of the meeting, the voices of the villagers were added to express their disagreement about the presence of mining activities in their territory, adducing in the same way a mistreatment by the effective police and military that guard these areas.

Similarly, they requested a new meeting, in which the SolGold company is present to agree on dialogues.

In addition, the community of El Baboso and El Cielito asked the governor, Edin Moreno, to establish minimum agreements for the presence of the mining entity.

More attention was requested in their territories, with different services, because of the gold activities, detailing that money and academic activities will be allocated for the training of local professionals in mining and oil issues, as well as the hiring of local personnel for security of The mining company.

However, not everyone agreed with the presence of these extractive activities in these territories.

Manuel Taicuz, representative of the Awá Federation, disagreed with the presence of these proceedings, arguing that they generate pollution in the place and perpetrate a negative impact on the territory.


Executive response

On the other hand, the Governor of Carchi commented that it would seek to make agreements with the community members.

Likewise, he ratified that for the third week of October another meeting will be held that integrates the four governors of Zone 1, that is, Carchi, Imbabura, Esmeraldas and Sucumbíos, with the National Police, Armed Forces, the SolGold mining company, Ministry of Mining, Mining Regulation and Control Agency, Plan Ecuador and other institutions, to deal with mining requirements and other enacted situations, which will be carried out in El Baboso. (APRN)