Solgold Share Discussion Threads

[rougepierre] 24/6/2020 12:07

So... "if after all the worst things happen there is still value, you know you are on a winner...."

Why do you postulate on the negatives...maybe because you want to get back in cheaper?

[mknight] 24/6/2020 12:05

Can only think of 2 reasons why we are at this price .

1.cornerstone are selling .

2. The market feels that the Franco deal will not go through.. with Gold still going higher i think its more likely Franco will want to up the 150m to 250m but thats just my opinión.

[lowtrawler] 24/6/2020 11:50

Arcadian

It is your perogative to let Nick handle the BHP / Newcrest relationship and not worry about how that is going. As none of us really know what is happening with the relationship, there may indeed be no risk there. However, the relationship concerns with Newcrest are currently impacting the market value of SOLG. You could see this in the response of industry articles to the FNV funding and recent placing, and the subsequent share price response, which should otherwise have been overwhelmingly positive.

When investing, I always try to take a pessimistic perspective and if I still find value, I invest. As per each of my posts, hopefully you can see that I still find value and so am invested. You are correct to pull me up on my use of the word ONLY. There is no only about making new metal discoveries or being subject to a takeover.

RP, I postulate on negatives because if after all the worst things happen there is still value, you know you are on a winner.

[rougepierre] 24/6/2020 11:27

Aye lowtrawler...

Ironic that you are concerned about risk when:

A Like me you expect at least one bid sooner or later (which must inflate the share price substantially, whatever level it is pitched at and will draw in punters to drive the price higher in contemplation of a countered...)

B "it is unlikely that Alpala would return much more than 150p to current shareholders" but even on that basis you value it at up to cash 150p in total (which frankly is a wet finger guess, but I'm not going to disagree...)

Your 'guess' is, by definition based on current copper and gold prices, but all the most credible commentators expect a copper price boom starting no later than 2022; and even Goldman are projecting a gold price of minimum $2,000 and they are at the low end, while gold has already marched to within 7% of an all time intraday high and 6% of a closing high...

Or even later this year for copper...



So why postulate on negatives...?

[arcadian] 24/6/2020 11:07

Low

I don`t know what Newcrest and BHP are thinking or what they intend. I pay Nick to do that. He is in charge and knows more about this than I ever will so I don`t worry about it. It saddened me that you should stress "risk" so much and worry about something which may not be true or that important as we finance the future production of our assets which are in short supply and rising in value. The bit that made me realise that your cup is half empty was the use of "ONLY" when you concluded that all we had to look forward to was more gold and copper or a takeover. If either happens as is increasingly likely we will be winners.

The world needs and increasingly values gold and copper. That`s the business we`re in.

[rougepierre] 24/6/2020 10:39

Meanwhile another excellent day for Blackrock, CEY, GPM and POLY...onwards and upwards...

[lefrene] 24/6/2020 10:18

It would seem to be politics and gaming by CGP that is holding this back. Eventually that will be resolved, money to develope Alpala will be agreed, and more resources will be discovered on some of those 72 other properties. In the meantime metal prices will rise against a weakening Dollar. But the time lag is a cost to capital locked into the shares just now, so I guess it will keep churning at these levels until something happens that moves the enterprise forward. Or of course a predator pounces.

[bag158s] 24/6/2020 10:10

POG is above 1775 now will be over 1800 today or tomorrow. SOLG will head over 35 soon.

[lefrene] 24/6/2020 09:54

I don't think the price of gold is moved by fears of the virus, although it probably helps, it's the endless fiat currency creation that is driving a search for something real, and gold/copper are real and in demand.

[nas_daq] 24/6/2020 09:29

Lol not sure why they are so cheap....hilariousno way to get to production and hardly any cash might have something to do with mkrampynight....Pull your head out of the sand and open your eyes.......

[arcadian] 24/6/2020 08:57

Very sensible. Me too.

I appreciated Rouge`s rebuttal of Lowloader`s pessimism.

Low can ONLY look forward to more discoveries , a takeover etc --poor fellow

PS 22 million oz of a byproduct----

Gold hovers near 8-year high as second coronavirus wave fears mount

[mknight] 24/6/2020 08:27

Arcadian . I bought more yesterday and will buy as many as the pocket can afford at these prices . Not sure why we
Are so cheap but like the 10p opportunity i will take it with both hands .

Keep buying .

[arcadian] 24/6/2020 07:41

And we just happen to have shedloads.

PS and 22million oz of gold

[pecker1] 23/6/2020 20:17

ha,ha! selling out of Blackrock. Already in a couple of other gold funds. No. I'll stick with the dour Aussie in the hope that one of the drills in the regional exploration hits big.That said, the opportunity costs of staying here are getting tiresome when so many other gold stocks are taking off.

[rougepierre] 23/6/2020 19:46

Selling out of Blackrock or SOLG...?

I'm sticking with both...target 2,000 for Gold & General and 40p to sell half SOLG then hold the rest until they get taken over...

Good luck

[pecker1] 23/6/2020 19:43

rougepierre,

Thanks for posting the link. I see that lending out securities helped lead to a large increase in revenues. Enough for me to want out, so I will be selling on the next slight decline in gold and reinvesting elsewhere.

Not that they will notice such a mere speck of sand until many others do the same in protest. Never invested in The old Barrick Gold for the same reason: the daftness of a gold producer selling its future production short. Ended up with Barrick nearly going bust and losing its "loyal" shareholders billions of dollars.

Bristow is no fool and would not dream of making the same crass mistake.

[rougepierre] 23/6/2020 18:12

Sorry forgot to insert the article. Its in now...

[pecker1] 23/6/2020 12:00

rougepierre,

Good post about Solg being a gold stock.

A few weeks ago you mentioned you also held the Blackrock Gold & General fund. I stopped investing more when they sent me a document which in the small print said they were now allowed to lend out their holdings to others who wanted to short stocks. So, to earn themselves some more cash, they would be prepared to see their own holdings shorted. IMO, a pretty stupid thing to do. You seem well connected and I just wonder if there is any way of finding out if they are lending out some of their Solg holdings. Would help to explain why solg is so undervalued despite positive newsflow.

[rougepierre] 23/6/2020 11:59

2 million sell this am...I'm presuming its Cornerstone again...

[rougepierre] 23/6/2020 11:54

Its ok he's filtered, so he's only playing to the crowds...pathetic...

[lefrene] 23/6/2020 10:14

Can't complain about the progress of gold and copper prices, none of which is reflected in this company.

[alwaysevolving] 23/6/2020 09:08

You got nothing better to do than troll a complete stranger over the internet Nas-daq? Give it a rest mate.