Solgold Share Discussion Threads

[mknight] 20/3/2020 13:17

Could be

1. Shorters buying back

2. BID for the company

3. Mre3 . Monday

4. Funding agreed

5. Cornestone deal agreed .

6. Its so low someone is stocking up

Take your pick

[rougepierre] 20/3/2020 12:55

Aye MK...up 16% so far...MRE due...Director Share purchases promised...

OK other copper miners are up and the copper price is better, but this is more than that...

Something ready to break...?

Just look what happened to HOC...massively oversold...I bought at 82 yesterday and sold at 116 today...

For all the reasons `i posted above, this is a coiled spring and could hit 20+ in no time...

AIMHO as usual...

[rougepierre] 20/3/2020 12:50

Maybe Nick will get his wish and we can move forward...

CGP down 81% in a year cf SOLG down 69%

BUT...CGP down 57% and SOLG only 35% in the last two months...

Brinkmanship rules OK...?

To my mind, SOLG has looked pretty solid this week...

Unlike any miner, the ore is in the ground, there's no diggers and grinders lying idle...no loss of revenues...and not even the same cash drain pro rata, because we only have skeleton staff and the drilling is suspended...

We also have $130 BILLION gold equivalent in Alpala alone...not going anywhere, but...if the Gold price booms, how long before we do...

I still think one of the majors will make a cheeky bid and then the auction will start...

Onwards and upwards...

AIMHO as usual...

[mknight] 20/3/2020 12:21

Very strong today .

Might be surprised by the rise . Looks like something breaking .

Not a ramp Dyor

[lefrene] 20/3/2020 10:41

I feel that there is much more to this than a flu bug, I think Goebbels would be jealous of the efficiency of the current exercise. Manufacture a crisis in order to normalise economics is what I feel is going on, the near zero interest rates of the past decade are causing huge damage, there's no income for pension funds and house prices exclude young families from getting securely established. Although whilst I enjoy a good conspiracy theory, I doubt the politicians I have seen over a lifetime have the wits to organise such a scenario, but on the other hand you can always buy the brains in!

Anyway we will soon learn the plans of our minders, and this has nothing to do with Solg, except perhaps fears of fiat inflation will see gold go to higher levels, followed a little later by copper.

[mknight] 20/3/2020 09:08

Ntbb thanks i will take a look .

Lefrene

Agree that when we come out of this many ítems will be on short supply . If government can keep companies with monies so they can reopen when this blows ove it could be we are going one hell of a party .

Not going to be fun locked down for min 6 weeks .

[ntbb] 20/3/2020 08:46

Mknight it will be worth looking at ars while we wait for the funding to be sorted out here

[lefrene] 20/3/2020 08:43

A simple dash for cash Arcadian and no big hitters willing to hold a position over night. As in every crash cash is king, and those caught wrong footed lose valuable assets to those who have the cash, which given the actions by the FED, would once again seem to be the very same merchant banks who are the very architects of the crash!

One hopes in the aftermath that some marginal mines will have closed down, and that there will be a dash to the safety of gold as the deluge of fiat currency this time causes fiat inflation. (I already notice prices rising supermarkets)

[arcadian] 20/3/2020 08:12

Our assets are valued in dollars and the value of the dollar has increased substantially against sterling over the past three months but the price of our shares has not reflected this and steadily fallen.

One must conclude that there are other factors at work.

[fsawatcher] 20/3/2020 07:40

the rise was down to the gbp fall and dollar strength

just look at other dual listed stocks

GBP rallying again so solg prob fall or stay flat today

markets rally every friday so they limit the falls over weekend

investors must see that now

so when friday stutters, it mean monday really bad

SOLG should postpone MRE3 and wait for market to turn otherwise the news get wasted

[mknight] 19/3/2020 16:45

Poor day lefrene

I was thinking we would continue going up as well but it was not to be .

I guess those that sold knew this morning that MRE3 will notcome until the earliest Monday next week .

[lefrene] 19/3/2020 16:28

Not the day one might have expected given the uptick late yesterday!

[fsawatcher] 19/3/2020 15:39

i woz right then

dollar weakens and gbp rises

SOLG gets dumped

the support in SOLG share price was down to a forex traders by looks of things

the more good UK news, the worse SOLG share price if dollar based

so funding must be dollar based

i crak it

this goin to track dollar pound ration nows

if gbp go back above 120 watch solg go sub 11

[arcadian] 19/3/2020 14:25

Frankly my dear I don`t give a damn.

[fsawatcher] 19/3/2020 14:11

defo forex trading goin on with this coz dual tsx list

so they sell in cad and buy back in pounds

when they switch they gonna walk solg sterling lse list down and make on cad

15% forex play gives the room for dual trading

[mknight] 19/3/2020 09:24

Exactly

No debt and plenty of time ..years infact as the mines not even close to starting what the price will be for Gold.copper and silver will be is anyones guess.

[lefrene] 19/3/2020 09:10

I'm guessing that the fall off in copper is due to the there being no shoppers for domestic equipment and cars. In a just in time world things very quickly slow down. Those miners with a bit of cash can withhold supplies, others will go out of business, thus once this bug scare is over there could be less supply and thus higher prices. Thus right now would be an opportunity for a predator to pounce.
Fortunately Solg has no debt, it can reduce operations and sit it out for many months if necessary.

[arcadian] 19/3/2020 08:57

We will just have to be a little more patient but we all know that although if I were BHP etc now would be the time to buy if only I could persuade the seller to sell with a "reasonable " offer

[lefrene] 19/3/2020 08:49

Hindsight is a wonderful thing markth126, it is now plain that the seizure of the REPO market last 17th September was the starting gun for this general crash.

Whatever it was that made this perk up yesterday afternoon, has plainly not materialised.

[markth126] 18/3/2020 21:50

I wish I was more in cash as would have piled in here! I did at 20p and 18p... these are cheap shares right now when you consider what bhp bought in recently at 45p and 22p!

[mknight] 18/3/2020 20:24

We are nearly at the stage where we are valued at the cost of drilling and proving up the Alpala asset . Which for a tier 1 asset is unbelievable for a company with no debt .

Interesting to see what happens when the US markets open tomorrow afternoon .

60p would now be worth 1.38 billion dollars

60p a few weeks back would was worth 1.56 billion

Most would be happy with 60p .I am sure BHP would be happy to pay 1.38 billion .

Please Dyor all imho

[markth126] 18/3/2020 20:15

I do hope so as this is by far my largest holding, hoping it will square some other big losses elsewhere! But happy to wait for a big pay day

[mknight] 18/3/2020 19:57

Did you know ..

Today our market cap is 287.5 million dollars . 250 million pounds 13p

The same 13p 250 million pound market cap two weeks ago we were worth 315 million dollars .

No wonder why we are seeing the Americans buying .

Its gone from súper cheap to súper súper cheap .

I expect we will be bought out very soon

Buy as many as you can because i dont believe its going to fall imho dyor etc

[mknight] 18/3/2020 16:37

13p auction

Small volume

Is this a start of a nice rise ?

Dow down 7 percent ftse 4..

Lets hope no news tomorrow and someone buying up stock ready for MRE3 and funding .

Keep buying 😃

[ntbb] 18/3/2020 16:36

Last buy was 13p