Solgold Share Discussion Threads

[pob69] 14/5/2020 08:09

Comprehensive write up of the webinar with the Vice-Minister and Jason Ward amongst others Solgold SOLG $SOLG $SOLG.L $CGP #cascabel #ecuador (behind paywall)

[phattrader1] 14/5/2020 07:07

There’s no RNS so let’s see what the day holds. Could be nothing, could be smoke before the fire.

[jammytass] 14/5/2020 06:58

30p today?

[jammytass] 14/5/2020 06:27

Is there a takeover on the cards?

[jammytass] 14/5/2020 05:34

big rise ahead!!!???

[phattrader1] 14/5/2020 00:34

Doesn’t matter what volume - we had 60k traded last Friday and Monday RNS.

Lowtrawler wont sleep all night. LOVE IT HAHAHAH

[lowtrawler] 14/5/2020 00:22

Nope, average volume on TSX is 34,896 over the past 10 days. It's just too thinly traded to allow any indication of something happening.

[fsawatcher] 13/5/2020 23:33

10 times average on sx thou

they norm get 5k a day

[lowtrawler] 13/5/2020 23:19

There were only 47k shares traded on TSX. The low volume often causes price anomalies. Nothing to see here.

[phattrader1] 13/5/2020 22:34

Could be nothing and Canadian Brokers playing games, or could be insiders buying low liquidity stock.

Last time it spiked was Friday, and Monday was RNS. But this spike is big.

I want BHP bid now!

There’s a reason I topped up today and it was the fact the seminar got pushed back from tmrw to next week. This was for a reason!

[fsawatcher] 13/5/2020 22:31

canucks gone knutty

34p!!!!!

bring home the bacon mather roll with red or brown source innit

ave some of it tomorras

30p+ innit with cuppa of coff-fee

[phattrader1] 13/5/2020 21:23

NEWS TOMORROW
TSX JUST CLOSED AROUND 25% UP
EQUIVALENT TO 34p.
Funding secured?
Takeover?

[mknight] 13/5/2020 18:35

DD how can he do that when he only has 3 permits of which one is Alpala .

[arcadian] 13/5/2020 17:59

I think I prefer your gardening skills.

PS

at least until the next webinar.. Why are they holding this? Could be seminal.

[dozyduck] 13/5/2020 17:28

NMs next strategic move. Having been unable to raise his drilling cash by trying to pump the shares - and now that Alpala is coasting along, but with no chance of delivering any cash in the medium term or of being taken out - NM's only other option is to invite in partners to farm in to the other exploration prospects. That might release the share price to fly again sooner than otherwise, which will outweigh whatever dilution is suffered. Perhaps NM should bow to the inevitable and admit that, as things are, he's got more than he can chew.

[mknight] 13/5/2020 15:41

Thanks lowtrawler you are a star .

[pob69] 13/5/2020 15:31

Opinions make a market Solgold SOLG $SOLG $SOLG.L $CGP #cascabel #ecuador (behind paywall)

"....HATS off to SolGold chief executive Nick Mather for keeping at bay the ambitions of BHP and Newcrest to acquire SolGold with its monster Alpala copper-gold porphyry project in northern Ecuador on the cheap, writes Barry FitzGerald."

[lowtrawler] 13/5/2020 15:17

I have emailed Ingo and asked the question.

[mknight] 13/5/2020 14:27

The good news is i am sure NM will be asked about the permit situation and what 3 sites have permits .

[lowtrawler] 13/5/2020 14:22

To be fair mk, these sorts of problems are why Ecuador is not already a major mining power. SOLG new about these issues at the start. The law is on their side, as proven by the court cases. Trouble is, as we saw last year, the central government can't afford to upset the local tribes or they will be overthrown. They had to evict the previous official granting permits because they were siding with the locals. Looks like the replacement official is scared to upset the locals and probably for good reason.

[rougepierre] 13/5/2020 14:16

On the latest presentation, the first three listed project slides in order are: Rio; Timbara; Porvenir...

Rio says "Drilling planned for 2020."

I'm guessing the three permits are: Chalanes; Varela; Palomar...

[mknight] 13/5/2020 14:03

Its a big problem for NM i honestly feel sorry for him . I can imagine what he thinks but its not printable😁.

Gold starting to fly again after a rest period .

Fed talking as i type .

More money if necessary

[lowtrawler] 13/5/2020 13:58

Lefrene, I suspect it's more to do with tribal unrest and the government not wanting to upset them. That's been the subject of the court cases and the near revolution last year. A lot of the locals take exception to the central government granting rights over their land and it can become very messy.

[lefrene] 13/5/2020 13:52

mknight, it does seem odd that drill permits are withheld when the government claims it's keen to encourage mining. I can't help but speculate that it might be the age old problem of palms waiting to be greased?

[lowtrawler] 13/5/2020 13:52

Mk, I know you emailed asking the question. Perhaps send a follow up on this specific question?