Solgold Share Discussion Threads

[mknight] 11/12/2019 14:01

If he has a sizable position I am sure he knows more than us .

Not sure why the share price is so low but I do believe I will be looking back thinking why didnt I buy more at 19p

[alwaysevolving] 11/12/2019 13:36

Hope he hasn’t spoken too soon Pob69? Another 2p drop from here sees us firmly back in the down trend. Let’s hope it doesn’t come to that.

[pob69] 11/12/2019 13:10

Interesting comment via his November CD Fund newsletter from @discoveries Willem Middelkoop Solgold $SOLG $SOLG.L $CGP #cascabel #ecuador

"..With the planned acquisition of Detour Gold by Kirkland, the 59th takeover within our portfolio is almost a given. This concerns our ninth takeover this year. The risk of our buy-and-hold strategy is that we are forced to endure all market corrections. This has been the case for many of our core positions since the beginning of 2018. SolGold, NexGen, Tinka, FWZ all saw very strong declines over the past 18 months. ...The time is now ripe for a recovery in almost all of these names. At Novo Resources and SolGold, this trend reversal seems to have already begun."

[pob69] 11/12/2019 12:51

As always, a new and informative exploration perspective from Willem Middelkoop who briefly mentions Solgold $SOLG $SOLG.L $CGP #cascabel #ecuador at 12:40 (once his largest position but now Great Bear is largest holding)

[mknight] 11/12/2019 12:30

Le frene

The Sp Seems to indicate that.

[lefrene] 11/12/2019 11:22

Goodgrief, I feel that your post precisely encapsulates the very type of person I was referring too! :¬)

I guess we won't be seeing any good news this week as it would be lost in the election noise now.

[loganair] 10/12/2019 22:59

I think suddenly around 2025 there is going to be a tipping point and and explosion in the number of electric cars just like what happened with unleaded petrol.

[goodgrief] 10/12/2019 17:21

lefrene... I'm politely going to tell you that's bullsh!t... while declaring that I'm the owner of KIA e-Niro and a diesel BMW. Can't imagine ever buying another ICE!

[texaschaser] 10/12/2019 16:31

The trend is your friend. If you are shorting this.

[mam fach] 10/12/2019 15:34

The 'New' trend since personalised number plates.
You know i'm obtuse i'm one of the 5% who actually buy a car.
Hope NM gives us news soon o'r we may have to talk about the weather.
On a more serious note still time for a top up.
Under 20p - cheap as chips. GLA.

[lefrene] 10/12/2019 15:27

Most cars (95%?)in the UK are 'bought' on lease terms, often restricted to low annual mileages around 6000, I dare say that private users who only need such a small annual mileage could be encouraged to lease electric cars if the terms were right. But there will likely always be a number of high mileage users like myself where an electric car is not going to meet my criteria of usage.

I take the view that many high end electric cars are being bought for reasons of fashion, a wish to demonstrate 'green' credentials around their locality, but likely they also keep a V8 SUV for the real journeys. It would interesting to know just how many Tesla owners also have large petrol/diesel engine cars, and how many Tesla owners only have a Tesla.

But as the 'management' seems to have decided that all the plebs will go electric, then I expect to see the hoi poloi herded in that direction whether they like it or not, but it will perhaps take a bit longer than the media hype would suggest.

[mam fach] 10/12/2019 15:21

So true. Remember thinking txting will never take off.
Especially when you had to tap numbers on phone.
Look @ us now.
Had a 'wonderful' iPhone you know THE best.
People wouldn't be without one. Mine Only worked for 2 months.
But that's another story.

[goodgrief] 10/12/2019 15:13

There isn't yet the infrastructure, the battery supply and prices points for the majority of people. But it'll will come sooner than you think. Look at how people scoffed at 'mobile phones' the size of house bricks... and within 10 years we all had them!

[mam fach] 10/12/2019 15:09

Company cars or on lease.Good deals on Mercs too & Volvos.
Don't think majority of people can afford to by a £28,500 car.

[goodgrief] 10/12/2019 15:05

I see plenty of ordinary people driving Land Rovers and Range Rovers and they're far more expensive. Supply of batteries and price points don't yet reach Ford Ka drivers admittedly.

[shakester2] 10/12/2019 14:27

Not sure if I agree there. The peugeot e-208 starts at £28500. Range over 200miles. Recharge in 30 mins. Grants up to £3500. Lower running and service costs. If nothing else shows rapid progress?

[lefrene] 10/12/2019 13:20

mam fach, It will take regulation to make oil fuelled cars less popular. It's already being done in London, and likely that model will be rolled out across other cities. There's also the possibility of making it much a harder test to get a licence to drive oil fuelled vehicles. It will take time, the product still has a long way to go before we get the genuine 400 mile range shopping trolley for under £10k, at which point one would expect volume sales. But it's not here but China without oil of it's own that one would expect government inducements to lead to more uptake of electric cars. Or perhaps a more 'utopian' system of cars rented by the mile?

The nearest I have to come to this was in Wellington NZ about 5 years ago when the airport Taxi driver was using a Toyota Prius (hybrid) because it was 'clean'. However as the conversation went on it turned out he got a subsidy for it from the City Council or possibly the Government, and that was what made him switch from a petrol only car. There might also have been other regulation pressures to comply with the 'green' policies of the City to retain his taxi licence. But it wasn't from free choice, there was a carrot and a stick.

[mam fach] 10/12/2019 12:29

Not quite convinced that electric cars will take off as quickly as predicted.

[lefrene] 10/12/2019 10:54

I presume if you are running an industrial operation that consumes copper in scale, then you keep a close eye on warehouse stock levels and other metrics in order to time purchases. I wonder if there might be some sort of tipping point when these large consumers decide that they need to accumulate stocks whilst they can? Perhaps as converging data tells them a supply shortage is getting close. No doubt when the event eventually arrives there will soon be an outcry against speculation via derivatives. Perhaps I'm just hoping for a bit of early panic buying 6 months before the actuality of tight supply arriving! That of course would see would be copper mine owners queueing up :¬)

[arcadian] 10/12/2019 09:45

From ARCM

The copper market continues to trade sideways as a number of macro factors such as US/China trade negotiations and BREXIT continue to drive uncertainty with respect to global growth. However, we are starting to see global copper inventories fall with restocking across Asia providing some short term support to the copper price. The simple fact remains there has been a lack of investment in the copper sector over a number of years and with the copper consumption market having grown at a steady rate over the last decade, supply from existing projects will not be able to meet future demand causing a constraint in future supply. With a copper dominant portfolio and two projects in different stages of maturity the Company is well placed to take advantage of upcoming shortage in copper supply. This is also notably reflected by those the Company is currently in strategic discussions with.

[arcadian] 09/12/2019 18:01

Copper 2.76

[mknight] 09/12/2019 17:19

Cornerstone settle a courtcase with shares .

Makes me think that they maybe clearing the decks for a takeover . No one wants to buy a company with a CC having over it .

Who will it be ?

[mknight] 09/12/2019 14:26

Correct
60p

All those options .

[mikalan] 09/12/2019 14:19

"Being an old hand NM will I trust have done his best for shareholders"

I suspect NM will do his best for NM

[lefrene] 09/12/2019 13:33

copper seems to be making a bit of a come back.