Solgold Share Discussion Threads

[mknight] 22/7/2020 06:26

That should be plenty of time to see what we have ..Thanks for the reply .

NOW we have gold at 1856 against 1300 for the PEA and it does not look like its stopping anytime soon .

Silver at 22.39 and Copper at 2.97

We should fly today but then i have said that since Fridays close and we are still at 23p .when it breaks we should pass 25p within the hour so keep them eyes open or better buy the 23p .

[lowtrawler] 21/7/2020 22:55

No, the only news we've had around timelines is that they hope to complete drilling Porvenir by the end of this year. Add a few weeks for the results to come back....October 15 will reflect drilling at Porvenir from July to early September, maybe the first 6 weeks of over 5 months of planned drilling for one site.

[mknight] 21/7/2020 18:03

Does not have to be the first as they plan to be finished before the 15th of October .

If memory serves me right . Please correct me if i am wrong .

[lowtrawler] 21/7/2020 17:37

If there is going to be a bid for SOLG in the next 3 years, it will happen in the next 4 months. I believe there is a greater than 50% chance one will appear but I expect, if it does, that it will be October. Bids are highly unpredictable though and so I won't be surprised if none appear, not will I be surprised if it appears tomorrow.The chances of hitting a major discovery with your first set of drilling is too small to influence timing.

[mknight] 21/7/2020 17:17

Lowtrawler .

Anything can happen .

I still think a bid this month is on the cards and with trading like today it certainly makes me believe it could be anytime soon.

Will Newcrest make a bid ? Strange Cornerstone are telling the world that Solgold have kept things away from them and the shareholders . Are BHP and Newcrest in it together with Cornerstone ..

So many possibilities .

They certainly dont want drilling results or the PFS out as if we hit another huge deposit the price will double plus the other sites will be revalued higher .

As you say the next weeks are going to be fun .I am now fully loaded so bring it on .

[lowtrawler] 21/7/2020 16:59

The next 13 weeks are going to be some of the most interesting for shareholders. In 12 weeks, BHP are out of purdah. 11 weeks the new investors can trade and CGP have a decision to make. 10 weeks we should have PFS. 6 weeks onward regular exploration updates. Possibly FNV deal announced over this period and more on the CGP bid to oust the board.If this doesn't generate enough sentiment, I don't know what will.

[arcadian] 21/7/2020 16:45

Stability at a price may be more important than profit for reasons that will emerge
but if the FN deal is announced we are in a different universe.

[mknight] 21/7/2020 16:37

Interesting auction .

We have a big buyer at 22.80 and a big seller at 23.00

Tomorrow we will see who wants it more .


It has to be said the seller could have
Sold alot higher today but stayed at 23p one wonders why ?

[mknight] 21/7/2020 15:33

Looks like one last push today .bases loaded .

[mknight] 21/7/2020 14:39

I agree ..

[jwafc] 21/7/2020 14:37

Yes no doubt. I'm just saying I wouldn't expect SOLG to track CU as closely as say KAZ.

[mknight] 21/7/2020 14:27

Jwafc

We shall see how much the value has gone up when the PFS comes out in September .

[jwafc] 21/7/2020 14:23

Not so surprised myself - the resource is still very much in the ground. Great potential here but unlikely to track commodity prices that closely IMHO.

[mknight] 21/7/2020 14:10

So many games being played with 10m you can control the share price .if thats what is happening then a bid will come in soon .

Just have to be fully loaded when that happens

Trades today 2m v 945k .. gold . Silver and copper well up and we are stuck .

Does it make sense ..No

But it is what it is .

[lowtrawler] 21/7/2020 14:04

Insider knowledge and sentiment are the only 2 short term drivers. Fundamentals can often take years to materialize.We have the fundamentals, we await the insider trading and sentiment is largely indifferent.

[mknight] 21/7/2020 13:52

The same reality will sink in here soon lowtrawler . Sometimes it doesnot move as it should .

[lowtrawler] 21/7/2020 13:48

Each day, less than GBP 1m worth of SOLG shares are being traded. That's not good volume and leaves us open to manipulation. It's an incredible rise for gold since NY opened, sudden reality sinking in?

[mknight] 21/7/2020 12:11

Volume is ok lowtrawler . Once it breaks 23p many traders will be in for a quick 5%

104k v 24k

22.75 .. 22.95

Gold up to 1840 wow

[lowtrawler] 21/7/2020 12:09

Volume remains too low for any real direction to be confirmed. The trading patterns might just be playful MMs.

[mknight] 21/7/2020 11:46

Next attack on 23p

We have someone wanting 175k at 22.75 .

164k at 22.75 approx 125 k at 23.00 plus reloads if any .

155k v 94k

22.75..23.00

[mknight] 21/7/2020 11:45

Lowtrawler

It could be one of the institutions that bought 5 million or thereabouts at 21.5p

Either way if its not more than 5 million should be out today or tomorrow .

[lowtrawler] 21/7/2020 11:33

Would be interesting to know who the seller is. It won't be CGP but volume isn't high enough to guarantee it's any of the big players.

[mknight] 21/7/2020 11:30

Placed an order at 20.25 and they jumped me so Mm,s want shares atleast at these prices .

I dont expext to get them at 22.25 .

Some time today we will attack 23p again imho

[mknight] 21/7/2020 10:52

Arcadian

Someone is making sure it does not pass 23p . Impossible to know how many they are selling but everytime 23p is taken out it reloads .

Seen it manytimes in the end they run out of shares so its a case of seeing it as a buying opportunity .