Solgold Share Discussion Threads

[lefrene] 31/3/2020 16:42

Thank you for the links you find and post here pob69

mknight, as per usual it's all agues. I see CGP as the chock that's stopping the wheel from rolling but it may not be so, since CGP are highly unlikely to come up with the money to fund their 15% of development costs? But again you never know, some outside interest might provide the money, so I guess settling CGP first makes for a less crowded field.

[pob69] 31/3/2020 16:07

Very robust and positive interview with the returning Vice Minister of Mining Fernando Benalcazar Solgold $SOLG $SOLG.L $CGP #cascabel #ecuador.

Post covid - "All these activities will be resumed with force, from the vice-ministry we will support all initiatives aimed at not wasting time, and continuing to grow in mining. Mining is the future economic pillar of Ecuador and we have to continue investing, and working together to achieve it."

"...And in all those projects whose activities have been suspended, the employment door will be reopened and work will continue, emphasizing the local workforce as the economic engine of the towns throughout Ecuador."

Interesting to see his confirmation that the functions of ARCOM and ENAMI will now be jointly authorised and controlled from his Vice-Ministry of Mines - better joined up thinking and his desire for accession to the EITI initiative!

"....Mining is a priority for him (Minister Ortiz) as much as legal security for investors"

"... Q3 2020 opening of mining cadastre"

[ntbb] 31/3/2020 15:57

Copper up nearly 3%

[lowtrawler] 31/3/2020 15:54

Unless MRE3 gives 50% more metal, I don't see it impacting the price in any meaningful way. The size of a share purchase by NM might if it is large enough. They have until 8 April and we just have to be patient.

[mknight] 31/3/2020 15:48

Lefrene

So Cornerstone first or a delay in the promised MRE3 due to CV .

What will it be ?

[mknight] 31/3/2020 15:14

Thankyou Mr Fish

[plentymorefish] 31/3/2020 14:59

Absolutely, bbc and itv are bound to have some at least.....

[mknight] 31/3/2020 14:57

So who thinks news tomorrow or Thursday .

[lefrene] 31/3/2020 12:44

ntbb, I doubt the likes of BHP are too bothered by the current price, BHP and chums can just buy Solg when it's convenient at whatever price is acceptable to the owners. I suspect that all heavy duty players want to see CGP kicked into touch first? Then the brakes start to come off with the various MRE3 et-al until the purveyors of umbrellas are satisfied enough to fund the first mine.

Given current events, in due course I'm expecting commodities to rise against fiat currencies.

[ntbb] 31/3/2020 11:40

Decent volume so far and look at the last 7 trades, this got to shoot back up

[pob69] 31/3/2020 11:22

Good example of community involvement Solgold $SOLG $SOLG.L $CGP #cascabel #ecuador.

[lowtrawler] 31/3/2020 11:17

The price swings appear to be completely unrelated to the trades, we have only had £300k of shares traded today. The MMs are moving the price around for reasons that are currently unknown to us. It's always good trying to trade in the dark. I also think it is a bit of a shake before moving up.

[ntbb] 31/3/2020 11:06

Looks to me a little shake and then finish in blue, cant see bhp happy with current share price when they paid last time 22p upto 45p now I would love to see that 45p again soon,

[lefrene] 31/3/2020 10:21

ntbb, "the important thing" is the scale of Alpala, capital sunk into mine equipment will have many decades to reap rewards. It's going to be a very rewarding mine over a long period.

[mknight] 31/3/2020 09:54

Trend is your friend .

[mknight] 31/3/2020 09:51

Lowtrawler

Looks to me like we have a few large buyers in the background who understand that a market cap of 300 million is daft so they have been adding since around 13p .

We did the numbers the other day .

[mam fach] 31/3/2020 09:36

Agree. Welcome bounce but would have thought price would have fallen so low.
Hold on Solgers. You never know speed of recovery may surprise us all.
GLA

[lowtrawler] 31/3/2020 09:24

There is still something happening behind the scenes. The volume has been quite low to be moving the price as much as we have seen.

[mknight] 31/3/2020 09:23

Ntbb

You will get them at 17.68 .

If you are longterm .18 of a penny is not going to make a difference.

[ntbb] 31/3/2020 09:15

I just moved the buy to 17.50p and it's not filled

[mknight] 31/3/2020 09:05

I bought early at 16.70 .30k

20p seems a little a little too high bit with luck maybe 18.5 imo

[ntbb] 31/3/2020 08:54

The important thing about solg is the quality of the asset and in quantity which is rare to find

[ntbb] 31/3/2020 08:53

I put buy order at 17.20p with dma and it wont get filled I think 20p plus today

[banksy] 31/3/2020 08:18

Almost back to pre-coronavirus levels!