Solgold Share Discussion Threads

[rougepierre] 06/3/2020 17:41

Or the next year for that matter...drilling stopped in September...

Shabadi if you think COVID19 is hype you've got a nasty shock coming...even if you don't catch it, the markets have and they were a black swan event waiting to happen, which is why ~I've been mainly in GPM, HOC, FRES, VILX, SOLG and cash...

Not smug...still down 10% on my portfolio...

GLA

[lefrene] 06/3/2020 16:16

mknight, Solg is not some over borrowed entity that is going to get taken out for peanuts by a creditor. I suspect right now the usual vultures are sat licking their lips pouring over a whole raft of decent businesses that have suddenly found themselves in a short term cash flow drought. Air lines and cruise companies will likely be prominent, but pubs, cinemas, retail malls, will all be getting cash flow indigestion right now, but Solg doesn't have to give anything away to get through the next three months.

[mknight] 06/3/2020 13:21

Good point lefrene.

We have no debt .

[shabadi] 06/3/2020 13:08

What on earth are you on about lefrene, you need to get real mate.

[lefrene] 06/3/2020 12:46

I suspect at times like these a good many dash for cash at any price and then seek 'safety' and an income, an explorer might have buried assets but there is of course no income.

My guess with all the 'money creation' and the rising price of gold, is that fiat currency is more and more going to be seen as risky. However in the short term the hype around the nasty flu bug seems to be driving money out of shares and into bonds and gold. The bond purchases are good for the FED, they can just create ever more money at the push of a button, as the QE experiment careers along the path to eventual inevitable disaster. I believe the current bug hype is about creating a 'fall guy' to cover up an economic fall out, and allow the drop in interest rates and more QE. It appears to be working, the can is being kicked down the road once again, the hope being they can kick it far enough to get through Novembers elections, so that the right guy wins! :¬)

[zcaprd7] 06/3/2020 12:36

Has been painful after topping up here...seems as though gold producers have recovered, but gold in the ground types have been battered?

[alwaysevolving] 06/3/2020 12:36

Rougepierre,

an excellent reminder of the Facts there. Great post.

[lefrene] 06/3/2020 12:00

rougepierre, as you say, and that's just Alpala! There's no debts here, no urgent actions needed at a bad time to keep creditors at bay, no desperate need for cashflow to keep up the payments on capital equipment. If needs be it could be mothballed for a year or two. In the meantime the way gold is moving, the stuff in the ground just becomes worth more.

[rougepierre] 06/3/2020 11:41

ALPALA ALONE HAS OVER 80 MILLION OUNCES OF GOLD equivalent so far...that's $130 BILLION of gold at current prices....and some are forecasting gold up to $5,000 an ounce...that's $400 BILLION...

"Alpala has produced some of the greatest drill hole intercepts in porphyry copper-gold exploration history, with over 227,768 m of diamond drilling completed on the Project since discovery. The Project has defined to date 8.4 million tonnes of contained copper and 19.4 million ounces of gold in Indicated Resources, and 2.5 million tonnes of contained copper and 3.8 million ounces of gold in Inferred Resources (MRE#2), which translates into 86 million gold equivalent ounces." Source: Management Discussion and Analysis, 14 February 2020

SOLG's MCap is £300 million...that's 0.25% of the KNOWN reserves...

And that takes no account of the other prospects, several of which have been drilled with extraordinary samples of copper, gold or both...

So when does it become a serious gold play....? That brings into play serious buyers like Barrick...

It hurts being so low when analysts value this at up to 130p...but virtually all my other holdings are showing a loss and its time to hold tight...and be patient...

But I'm not...I've just bought another 100,000 at 14.80...

Sleep tight and ignore the trolls who take pleasure in scaring other people...

[rpt_regal_petroleum_buy_now] 06/3/2020 11:26

ALTN looking very interesting now with the current gold price...

[lefrene] 06/3/2020 11:23

BHP/Newcrest wouldn't have put so much into this if they didn't recognise that it has real and very substantial resources that will be very profitable to extract.

I agree "catching falling knives" is a dangerous game, but the current valuation compared to the exceptional resources reflects a panic, a dash for cash.

[lowtrawler] 06/3/2020 11:15

It's very dangerous to try and catch a falling knife, so I won't be topping up. However, I'm very comfortable with my current holding. The reality is that SOLG are either worth a multiple of the current price or nothing. I believe there is only a small probability of it being with nothing and so the risk v reward is favourable.

[rbarb5] 06/3/2020 09:56

Why you bothered? You own none of these. Writing fake RNS..whatever next.

[shabadi] 06/3/2020 09:53

shabadi - 24 Jan 2020 - 09:16:28 - 19263 of 19619
Fine, well in that case my opinion is that this is going sub 15p in the next few months.

[rbarb5] 06/3/2020 09:41

Shaba did...now writing made up RNS's on here...very desperate

[shabadi] 06/3/2020 09:24

Suspect that soon SOLG will release a real RNS, something like:

Due to the Coronavirus outbreak we have been unable to raise the funding necessary to continue mining operations. Our operations in Ecuador have been suspended.

My guess is this is why Irwin jumped from Cornerstone.

my honest opinion only - I have no position in SOLG or CGP

[francoismyname] 06/3/2020 09:20

Who in gods name would want to hold this over the weekend ...

[greenelf] 06/3/2020 09:06

It does not matter if you incorrectly think it is overhyped. The real knock on effects on the global economy are real. Markets could easily fall another 30% through to the summer. Re-adjust your reality.

[lefrene] 06/3/2020 09:01

The gold and copper are not melting away in the sun, and they have enough cash to keep ticking over until this over hyped scare has served it's purpose.

[banksy] 06/3/2020 08:47

It's going down with the market. The trend is down so follow the trend

[mikalan] 06/3/2020 08:39

While the virus will undoubtedly have had an impact on overall market sentiment, you'd have thought that a share with Gold in it's title and sitting on millions of ounces of the stuff would be hit less than others.

The fall here is more to do with a loss of confidence.

[shabadi] 06/3/2020 08:05

Nero fiddled while Rome burned.

[mknight] 05/3/2020 19:54

Once the virus is sorted .. no problems here .

See you all in August .

[gsmudge] 05/3/2020 18:52

The fact the company has the balls to keep using the samepresentation slide its beyond me. Lets pay 700 people to do nothing and keep the presentation the same?

Even more laughable is page 21 being headed 'rapid development timetable' hahahahah

[gsmudge] 05/3/2020 18:52

The fact the company has the balls to keep using the samepresentation slide its beyond me. Lets pay 700 people to do nothing and keep the presentation the same?

Even more laughable is page 21 being headed 'rapid development timetable' hahahahah