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SolGold Share Chat (SOLG)

Share Price: 33.75Bid: 33.75Ask: 33.85Change: -1.40 (-3.98%)Faller - Solgold
Spread: 0.10Spread as %: 0.30%Open: 35.20High: 35.20Low: 33.55Yesterday’s Close: 35.15

Share Discussion for SolGold

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Posts: 3,105
Opinion:No Opinion
RE: Churn
12 Jun '19
A punt with half a million shares ? lol
Posts: 97
Opinion:No Opinion
RE: Churn
12 Jun '19
Churn is fine as long as you are confident of what you are doing in terms of the tax position. If the number of transactions gets too big, it could be regarded as trading ...
Posts: 475
Opinion:No Opinion
RE: Churn
12 Jun '19
Christ zoros, you know you will start earthling off again (death by a thousand posts)
Then that will bring novice the sniper in with some inane remark. You really are a glutton for punishment.
Posts: 104
Opinion:No Opinion
RE: Churn
12 Jun '19
Or you could day trade...
Great opportunity at moment ...
Courses for horses...
Posts: 1,874
Opinion:No Opinion
12 Jun '19
I'm @ the the half mil mark in shares, too. I have read-up and researched as much as I can currently and believe the following will happen:
The CC will vote in favour of the resolution presented by the "Artisanal miner" . This means it will be escalated to the next level for consideration by the NEC. By then I would expect all those in favour of the constitution surrounding mining in Ecuador to have prepared a robust case. Articles 313 and 408 will evidence the legitimacy of the mining concessions already issued.
I believe the NEC (if they haven't already been over-ruled by government) will allow existing concessions to continue without due recourse to any future restrictions or limitations.
All recent activities by the Ecuadorian government suggest ground rules for mining are being reinforced internally and bilateral agreements between neighbouring countries are being pursued. Mining is here to stay in Ecuador.

The 'set back' @ INV Metals will be repeated @ Cascabel and it will take several months to rectify. In the meantime, this stock will tread water......

I will churn if at all possible - increasing my stock and reducing my average.
Why: There is now clear unadulterated evidence that Cascabel is a Tier 1+. The giants know it and the government knows it. Somewhere down the line, it will be mined.

I remind myself that I am in this for a punt and so - am mentally prepared to lose the majority of my holdings if Solg follows the same path as INV Metals.

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