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SP has been taken down today on little volume, and I'm surprised folk are selling their golden tickets at this stage of the game. But couldn't resist a little top up myself this afternoon. At least the RSI has cooled off again - hopefully ready for the next rise ?
It is of course a better-looking portfolio than it was six months ago. But we don't know how 'proven-up' BHP, or anyone else, wants our assets to be, before they decide to bid. We are assuming we are ready, but we may not be yet.
Hi Colonel. It's been said in the press before (I wish I could find the article/s), about how a major mining company would care more about buying proven assets, rather than trying to save money. So I would guess that a company like BHP are waiting for more of Solg's portfolio to be proven-up, before it makes a bid for the whole lot. I tend to think that they wouldn't be bothered about saving cash during a share price drop. If they did, then they would have made a bid earlier this year, when the price was about 12p :)
Yes, my trade went through at 14:18
Was Solg sitting on a Tier 1 copper/gold asset when you invested? Yes.
Is Solg still sitting on a Tier 1 copper/gold asset now? Yes.
Is Solg due to release the PFS for this asset in the next few weeks? Yes.
Since you invested, has Solg discovered another potential Tier 1 copper/gold asset? Yes.
Is Solg likely to release news very soon of further visuals and assays from this new discovery? Yes.
Does Solg also have multiple other highly prospective targets that it is currently drilling? Yes.
Is the share price today 34% higher than it was a month ago? Yes.
Is today's price drop anything to worry about? Nope.
Just been turned back on ! Almost as if they are reading these posts ! Very unprofessional and the only way to turn a bad position around is to trade around the problem, not avoid dealing. An indictment on the amateurs that manage these books .....order monkeys and not professionals these days. Encouraged not to take on risk or run a book ....most books go home flat every night. Pathetic ...rant over
Looks like the RSP (retail service providers) have stopped offering stock and will only bid for stock. Pain in the a@@e and suggests there’s a few books in a mess. They should have to deal in NMS ( normal mkt size) if challenged by phone however. I’ve witnessed this today via HL
I put less than 4000 shares on a market order (I want to have a round number of shares :) ) with no price quoted and it hasn't filled in 20m. Never seen that before for SOLG. Maybe it is a technical problem.
No where near 34!
Steve...I can buy 30,000 at 34.85 (full ask) and sell 400,000 at 33.9p...lets see what happens this afternoon...off for lunch...
Yep, beginning to look totally pointless, the chat apart.
The LSE quote above is way out of date...they've been 34.2/34.85 for 15 minutes at least...
What's happening to LSE...share chat freezes every morning...SPs out of date...?
I just tried to top up using II and can't get a live quote. Stock down almost 7% and apparently no one selling. LOL
Afternoon addicknt. I dont hold as much as I did, but havent sold any for a month or so.
Think I am done now on Solgold, but I have said that before....
Good move, Jerry. Are you still holding GGP?
Ah jerry...that may explain why they keep trying to take it down...like right now...banged down to 34.15/34.85
And surprise surprise they'll take 400,000 off me but it's full ask for 30,000
Picked up another 400k today through HL. Wasnt that difficult, just left a resting order.
I think this explains it 1plus1...they're trading against the market...
"The spread is how IG makes money, specifically through customer trades that "cross" the bid/ask spread. There is a "commission" charge that comes into play when one is trading CFDs, but it is added to either side of the market spread, and there is an actual commission for every share-CFD trade. "
Its a bit like VILX...you get a quote to buy or sell and can easily deal in millions but they simply hedge it against VIX prices offer by BNP Paribas...so they make their money on the turn...
So you were quoted 36p when the Quote was 35.9..,.IG could potentially make £200 from that trade on a 'back to back basis...
And I wonder if IG are one of the 'backstops' when the MMS want to go short, or even a significant component in the end of day auction for the UT...?
schlem, you really are a bit of a bedwetter, aren't you? Not sure you'd be of much use in a trench.
This isn't looking ominous whatsoever! It's plain old share price manipulation. If you haven't got the stomach....get out of the kitchen if you can't stand the heat!
General market is down 2% to levels last seen early April this year, looks like a retrace to 5000 is a possibility. We have a US election in less than a week and the incumbent is unlikely to accept the predicted loss. People are taking risk off the table and as this has risen sharply over the last month makes sense to take profits and hide for a week. The company is unlikely to announce significant news in this environment if they can help it. Just sensible risk management.
this is looking ominous ffs
Hi 1plus1...very interesting...I thought IG was a spreadbetting and CFD company...
Maybe they're trading on their own book in SOLG shares..
However, in the time between me and you posting, normal service has been resumed...
Current Market quote is 35.25/35.6, but firm prices in NMS is 35.35/35.6...
I still think the market in general is short of stock...
Volume is low and they're still mainly buys...
redknight - It's your platform that's the issue, not a lack of shares available. IG is giving live quotes to buy 200,000 shares at just over 36p/shr and has been all morning. I can buy or sell at quote with no problem.
"I shall never forget the day I read the Poseidon price spike on that paper roll..."
One minute you'll never forget it and the next minute it never actually happened!