Solgold Share Discussion Threads

[lefrene] 22/10/2019 15:31

Well, when the lights go back on I want more than a chorus of Que sera sera! (if you remember that one).

[mknight] 22/10/2019 15:24

Lefrene

What will be will be .

[lefrene] 22/10/2019 15:00

Watching and waiting in the dark!

[mam fach] 22/10/2019 13:17

We're all fellow travellers here.
When we see new posters we will know , hopefully, we have lift off.
Watch & wait & by all means have another cheeky top up.
GLA

[mknight] 22/10/2019 12:20

Lefrene

We know thanks to POB69 that it wont be long now . We have waited along time a few more days/weeks wont hurt .

[lefrene] 22/10/2019 11:31

For a government so say desperate for foreign income, they don't seem too interested in picking up the phone and saying "get on with it", the paperwork will follow as soon as we've kicked a few bottoms!

[dmitribollokov] 22/10/2019 11:21

16 is the support, yes. Looks like it wants to test it pronto.

[jjstim] 22/10/2019 10:56

Banksy, don't mention that chart on here, it's frowned upon

[lowtrawler] 22/10/2019 10:12

The trading patterns don't indicate any of the major players are changing their positions. The sudden spike in price last week could only have been in expectation of an RNS. As this has not materialised, the price is retracing.

We can only speculate on what the expected news was. However, the excellent research by POB might suggest it to be the mining licenses. From the sound of things, any announcement on that front is likely to be next week. Personally, I believe SOLG are likely to make an announcement on interim financing alongside the licenses. If so, I would expect a price range of 25-30p, at least for a short period.

[banksy] 22/10/2019 10:11

From a chartist point of view back to circa 16p is lower support .. 23p now seems like resistance

[shabadi] 22/10/2019 09:24

Of course it might not be how much is sold but who is selling. This recent false dawn hides the fact that the stock has recently dropped on very small early morning sells. I am assuming the market makers know if a large institution is selling - and I don't know if that is the case here.

[mikalan] 22/10/2019 08:56

And buy some more at this price while you can

* Sorry MamFach, stole your line

[mknight] 22/10/2019 08:52

Sounds about right .

Put the shares in a safe place and come back for them at 60p .

[pob69] 22/10/2019 08:48

A review of recent conflict of interest for $SOLG.L $CGP #cascabel #ecuador SolGold

"...Given the government’s financial straits, President Moreno is unlikely to do anything to restrict mining...... mining looks like Ecuador’s best chance.

“I haven’t really got off the phone to investors for the past two weeks,” said Anna Legge, SolGold’s Director of Communications.

For now, while some retail investors have sold up, most institutional investors are sitting tight.

“It takes them longer to become comfortable with a country but once they’re in, they invested for the long term…they understand that this is an emerging market and this is just a bump in the road,” Legge said.

[francoismyname] 22/10/2019 08:38

350k hares at 20p is £70 thousand pounds.

6% of market cap is 24 million pounds.

Farcical when you look at it in those terms.....

[mikalan] 22/10/2019 08:21

LOL - 5p down on 1,000 shares traded probably

[mknight] 22/10/2019 07:49

No more áreas can be awarded. Great news .. probably 5p down today .

[francoismyname] 21/10/2019 21:12

Great find POB

[pob69] 21/10/2019 19:59

Thanks to all for the positive feedback but as always its a case of DYOR!

Of interest for $SOLG.L $CGP #cascabel #ecuador SolGold from 20/10 La Hora Loja (cannot get the link to work). You would expect the new boss of Senagua will support/accelerate this process - the minister expects "....comes true this coming week".

"...Mining map is ready, but still can't be published

The publication of the mining map, which was offered for August 31 and then for September, is still pending because a ministerial agreement is not signed to endorse the results, explained the Minister of Energy and Non-Renewable Natural Resources, Carlos Pérez.

“The mining map is ready. What is missing is that the agreement between the Ministry of Energy, Environment and Senagua be signed. Without this requirement it cannot be made public. I hope everything comes true this coming week. ”

Carlos Centeno, a mining engineer, said that with the map and the clearance of the mining cadastre there will be a clear horizon of how far, and in what areas the mineral exploitation activity can grow.

During the process, 27 concessions were identified that had some overlap with protected areas. These permits had to be modified and reduced, to comply with current regulations.

Conversion Reversal

Pérez announced that the review of the mining cadastre, which includes all concessions granted by the State, has a 75% progress. In August alone, 21 concessions for proven breaches were reversed.

By decision of the president, Lenín Moreno, the mining cadastre is closed, which means that no more areas will be awarded."

[francoismyname] 21/10/2019 19:01

They badly wanted this down today

Every large sell signalled a move down but reciprocal large buys did little to the price.

I’ve come to see the share price as a plaything for the spivvs at the moment

[mam fach] 21/10/2019 18:59

Tick tock? Battery stopped!

[nicksig] 21/10/2019 10:58

Looked like traders taking profits. And who can blame them? I'm still holding

[arcadian] 21/10/2019 10:48

pob69

Just to say "thank you" for the time you spend combing the news sources and sharing your findings. I am heartened by the appointment of a new mining friendly minister and await the arrival of new permits.

[greenelf] 21/10/2019 10:35

Indeed, "this climate". Perfect time to take this company out on the cheap by BHP. 60p bid ?