Solgold Share Discussion Threads

[mknight] 10/7/2020 16:36

UT 22.10

up 8.3%

Better .

[rougepierre] 10/7/2020 16:32

I was bid for 700,000 at 20.5p immediately before the close...

Monday could be interesting...

Also looking to see the Uncrossing Trade...I'm guessing 22p plus...

Good day...at last...!!!

[lowtrawler] 10/7/2020 16:04

I've had a long held view, stated here a few times, that a successful bid would need to be in the 60p - 120p range. I retain that view but it's based on no new confirmed findings. If Porvenir is promising, the price should hit 50p without a bid. My bid range would then need to be increased to 80p - 150p. Exciting times.

[mknight] 10/7/2020 15:50

We have an iceburg on at 22.10 and has taken maybe 150/200k . Meantime the 22.15 got taken out . Might be a frisky friday finish .

[mknight] 10/7/2020 15:32

Looks like the MM,s are trying to get some stock

Now have 50k at 22.15 and added another 25k at 22.30.

This may work against them if a hungary buyer wants a bit of volume these will be taken out .

Joe punter might be frightened of buying at 22.15 thinking there is no profit for them all fun and games .

[lowtrawler] 10/7/2020 15:25

Interesting that the price has been pulled back from resistance on very low volume and no obvious imbalance between buyers and sellers. Looks like some sizeable sell orders would be triggered at 22.5. If I were the MM, I'd deliberately trigger them.

[lowtrawler] 10/7/2020 14:48

We've taken out the placing price. Now need to take out resistance at 22.5p. if that goes, fully expect to see 30p within a week.

[mknight] 10/7/2020 14:35

Lowtrawler .. yes i am sure it will be just have to wait for the bids to come in and they shorly will .lets hope we can get some serious drilling in before the first bid comes in .

Level2 update

Around 64k to take us to 23p

[mam fach] 10/7/2020 14:33

We all know this.
Have to wait for the herd to arrive.
Looks like they may have worked out what a good buy SOLG is.
Onward and Upward.

[lowtrawler] 10/7/2020 14:28

Is the wider market just realising what's happening here? The price is crazy low given likely events over the next 6 months. It's fast becoming a traders dream with potential bid, potential discoveries, financing news, CGP, gold prices etc. The price has to explode at some point.

[mam fach] 10/7/2020 14:26

Well, well , well what a pleasant surprise.
Someone catching on to what all us SOLGERS knew.
Dare I say wouldn't want to be out over the weekend !
GLA

[mknight] 10/7/2020 14:24

Double post .

[mknight] 10/7/2020 14:24

Lowtrawler ..indeed .

Can you imagine working on 5/6 possible tier 1 projects .. might even effect the gold/copper price . We would not want an oversupply 😃

[lowtrawler] 10/7/2020 14:18

Trouble is, sites take a lot of money to prove, get to PEA, PFS, DFS and so the more positive results they get, the more money they'll need. Good problem to have.

[lowtrawler] 10/7/2020 14:14

Mk, he seemed cautious mentioning that timeline and I guess it will depend on whether they have found another tier 1 or not. If they have, the drilling will take a lot longer in order to prove it up.

[mknight] 10/7/2020 14:14

Going to 23p+ today .

To much value to hold it back imho

[lowtrawler] 10/7/2020 14:10

Block caving technology and innovations advancing fast. SOLG aim to be state of the art in 5 years time. Will reduce capital cost, running cost and increase output.

[mknight] 10/7/2020 14:09

Lowtrawler

Thats quick for porvenir . Not long to wait for another tier 1 ..😃👍

[lowtrawler] 10/7/2020 14:04

There were a large number of important snippets. PFS was reconfirmed end September and specifically pre BHP furlough ending. Full set of conditional financing in place for Alpala development by the end of this year. Equity will be an element of the funding but somehow tied to the end project value (convertibles?). Porvenir first to be drilled. Completion of drilling by end of year...

[zcaprd7] 10/7/2020 13:35

https://g.co/kgs/qu3rDS

[arcadian] 10/7/2020 13:24

It was very thorough , revealing and optimistic but I will wait for the Franco signing to indicate the next real step forward ---- unless that is they come up with an actual great drilling report in the meantime.

[pob69] 10/7/2020 13:17

Agreed Lowtrawler - It was the most comprehensive interview Nick Mather has given in my book and I have seen many! The interviewer and Nick Mather were both on the ball.

It will be interesting to see whether the red cloud event next week is an open-ended interview or just a presentation with Q&A afterwards. I hope it is the former.

[lowtrawler] 10/7/2020 13:12

Porvenir has twice the size of outcrop as at Alpala and higher mineral content than Alpala....

[lowtrawler] 10/7/2020 13:09

Excellent interview Pob. Just listened to the whole thing and it addresses virtually all areas of interest to shareholders. In addition to the points you have extracted, there are a large number of other items of interest. Firmly recommend everyone to listen to it. e.g. if someone wants to buy us, at some point the price becomes so high it becomes indefensible but it's not our intention to be bought....

[pob69] 10/7/2020 12:48

Very interesting comments made by Nick Mather. Solgold SOLG $SOLG $SOLG.L $CGP #cascabel #ecuador:

15 mins - Robust response to Newcrest and Craig Jones (who he praises)
20 mins - Complimentary on BHP
22:35 mins - "...very focussed on getting additional institutions in last capital raising. The institional base will increasing will be a good basis on which to raise further equity at project or corproate level though not keen on more corporate level". He talks about "institutions" in addition to Franco. Who?
24 mins - Cornerstone bid is a life-bouy for them
26 mins - Compares how the majors showed rude discontent with Fortescue when it grew and sees the same happening here
27 mins - "...Everything has its price but only on project value basis not on market cap£ (which he re-iterates numerous time)
30 mins - "clearly not all the 13 will be world class ore bodies but ...great many will be..."