Solgold Share Discussion Threads

[lowtrawler] 06/4/2020 09:43

Put it this way. MRE3 will be audited and approved by the directors before it is issued. That means it must currently be getting reviewed or they will know that the deadline will be missed. An RNS would already have been raised to advise of a delay. The only possible reasons for a delay now are if the auditors or directors disagree on the content.

[lefrene] 06/4/2020 09:42

NM will do what he thinks is long term best for the value of the company. CGP is plainly a problem that muddies the water, I would not be at all surprised to miss Wednesdays deadline, the company has form. Good to see gold ticking up this am.

[mknight] 06/4/2020 09:34

I agree with you but until it is made public i will have my doubts . NM has not the worlds greatest track récord.

The Rns said expected within 4 weeks ..

He could put an Rns out tomorrow saying we expected it within 4 weeks but now because of CV it will be delayed by another 2 weeks .

[lowtrawler] 06/4/2020 09:28

My point is that MRE3 will almost certainly be issued on Wednesday as it is inconceivable that anything preventing that from happening is not already known.

[mknight] 06/4/2020 09:25

Maybe but you need to look at all possibilities good or bad .

[lowtrawler] 06/4/2020 09:21

They will look incompetent if they leave it to this week to decide that CV prevents them from issuing MRE3. If they new earlier, they had to say earlier. More than missing the deadline, the incompetence would tank the share price.

[mknight] 06/4/2020 09:18

They could do that today tomorrow or wednesday Am .Using CV as the reason .

It will drop the price but nothing would have changed long-term.

[lowtrawler] 06/4/2020 09:09

Having announced to the market that they would issue MRE3 by Wednesday, they must do so or make another announcement as to why this is not possible. Such announcement must be made as soon as they decide not to meet the Wednesday deadline.

[mknight] 06/4/2020 09:04

Probably think Mre3 will be delayed which is possible .

[lowtrawler] 06/4/2020 09:02

Someone is dumping blocks of 112296 share today, roughly £20k each. That will help fill the MMs short.

[mknight] 06/4/2020 08:56

Lowtrawler

Not in love with stock . Thats why i spent the weekend trying to find something else .

Gold strong today .

[lowtrawler] 06/4/2020 08:52

I wouldn't be invested here if I didn't agree with you but they say love is blind and I think you have grown overly attached to SOLG. While the rewards outweigh the risks, the risks are still real.

[mknight] 06/4/2020 08:46

Lowtrawler .

I think it is fair to say the stock has more upside potential than down .

Spent the weekend looking for something better and couldnot find anything .

[lowtrawler] 06/4/2020 08:35

It's a nice start to the week for the market in general and SOLG appears to have picked up from where we ended last week. Remember, the MMs are still short of stock and so the price is going to have to rise.One note of caution, the general market still looks to be caught in a bubble of denial about the financial impacts of corona. There is still a sizeable fall to come and SOLG is likely to move with the market. I don't know when this rude awakening will happen but be mindful for it.

[mknight] 06/4/2020 07:12

Good morning

Plenty of reasons for us to push on today.

1. Futures up over 3 %

2. ISA

3. No Rns today so either tomorrow or Wednesday we should have Mre3 .

[mknight] 05/4/2020 20:56

Lefrene

I will take another look in more detail .

Thanks

[lefrene] 05/4/2020 20:37

mknight, the AAZ mine life will be extended, they have 32 prospects nearby, some with exceptionally high grades. Everything to operate the mine is paid for, no debts, extracting 200 oz a day, with $25 million in the bank and an extra $20 million facility if they see something they fancy. A low all in cost and with cheap oil that cost has likely fallen. It pays a good dividend, the management is exceptional and has a lot of skin in the game, and has ALWAYS without fail, delivered on the talk, unlike Solg. Take a look at their website.

[arcadian] 05/4/2020 20:16

What is this and why is it there?

[mknight] 04/4/2020 14:55

Goodgrief

Currently dropping in gold production with a mine life until 2024 ..not for me but thanks .

[goodgrief] 04/4/2020 14:16

Anglo Asian Mining

[mknight] 04/4/2020 14:09

Ok who can send me a list of companies without debt ? Not as easy as you think .

The perfect investment . SOLGOLD .

[smoothtrader] 04/4/2020 12:04

Gold predicted to fly during times of uncertainty. https://www.bloomberg.com/news/articles/2020-04-03/gold-bugs-finally-see-their-predictions-of-doom-coming-true

[lefrene] 04/4/2020 09:50

Less sensational here.