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Ah well pay day soon looks like another opportunity to top up at a good price... : (
Earthling
Thanks
But I’m a mid 40 yr old man with a family and a business
Who would of liked to pass the time now and again chatting all things solgold
So to prove to those who snubbed me in a second I’m after this post true to my word wont bother again
And they won’t but they should feel pretty sad about them selves Grown men or women !!!!
Good flounce
9/10
i think you should give Kohaku 01 the benefit of the doubt until your accusations and presumptions are proven to be correct.
Kohaku, don't take it personally, if you're not part of the gang here then they won't treat you with any respect, good luck with your investment .
Sure, when we get news share price rises, and then no buy out. Think about it, we were an explorer. As an explorer we expect to get brought, so every bit of news we get, people het excited, shouting buyout. No buyout arrives, and we fall back. It is getting better slowly.
I believe this will deliver me a big profit, but been doing this long enough, to wait a few more years.
But koha
Quady
Thats a fair point but lesser news has had this much higher in the past, makes little sense but the the solg sp rarely has.
Christ why the criticism or attacks
I’m gone
This is a toxic board
I'm nothing but pro pro solgold hence my investment
I’l shall not bother the board again
Hi smickster, may I ask you a question.
I imagine if you think this is going to be brought out, then the share price makes no sense.
However if you consider, we have years to go, to get to production, then the share price makes complete sense.
Does make one wonder.."I have no experience but 75k into the stock market."
Either lies or crazy stupid. Take yer pick.
Seriously
Are these not genuine no agenda other than understanding and a little bit of knowledge
Or can this board not stomach new members
How do you want me to prove myself as a new genuine poster
My first purchase of shares was only small on the back of reading a article on Hargreaves and lansdown about solgold and on the same day a article on Sirius minerals
Well we know how that went
So left with solgold and I increased my holding a lot in around the 20 pence listing and yes put pretty much all my eggs into this basket
Believe me or not I’m not the person your referring too
Just someone trying learn
Was going to say the same thing - is that you Goldfingerer?!
Kohaku01, your working far too hard trying to make yourself look like a newbie to investing. You're certainly not fooling me! In the bin!
GLA
So don’t shoot me down if I’m being really thick
What’s citi banks real role in solgold
And when Bank of America or such others make a forecast on the share price , is a realistic time line given to reach that , and are they trading or recommending to buy not to just private investors.
Sorry if I’m rambling but given the amount of seminars webinars / banks. Forecasts etc etc in the last few weeks
Why does the volume not increase, I understand all investors won’t do their homework, and all listen to mining seminars but when household name investment banks get involved in info on solgold nothing
DBW, when you say nothing has changed in the last 6 months, that's not exactly true. Quite the opposite:
- fully funded to mining decision at Alpala
- $40m raised for regionals and general overheads
- finally started drilling at 2 of the regionals
- CGP offer and schenanigans
- improvements in board structure
- on the cusp of getting the PFS
- total cond financing looking likely for Q4 2020
- macro (gold flying a lot higher, copper looking much stronger, much better understanding of the virus)
Could it be having Bhp on the register may put people off investing as they believe it will be bought on the cheap and the sp being held may confirm this?
I'm hoping not as I'm heavily invested and hoping for a positive outcome but find it very strange how we have not had a lift off after FN confirmation
Good evening smickster, I don't see why.
The case for investors is stronger for having majors onboard, without them, we would not have got this far.
As for traders, I couldn't answer that. But don't believe it makes a difference.
Quady
Do you think the fact we have Bhp/Ncm as a major shareholder might actually put some investors/traders off?
My point exactly Q
6 months ago this would have dropped 10% on a day like this ..... nothing has changed but now we are held 25-27p .... why ?
Of course I accept this may go to production but I’m also open to the idea it may not ..... either way we make good money in the short term or a lot more in the long term.
I’m simply of the opinion that , whilst CGP and NCM are spitting about the situation, BHP have kept their council because they know exactly where this is heading.
Have a good one DBW
Sorry DBW, don't understand the question, nothing has changed, I thought they were going to production then, and still do.
Ok we got the FN funding, and the book is more diverse today, all reasons why production is the most likely route.
The question on low volume, OK will try to explain this.
If you have a company that trades less than 0.75% of it's market cap on the same day, everyday, that is considered low volume.
We have to understand that traders, may buy and sell the same shares, more than once a day, so while this looks like a bigger volume, it is disguised.
Imagine Solgold was trading 15 million shares a day, everyday, then we start to get a realistic price.
The reason is twofold.
First : Traders find it harder to make a profit on a share, with a liquid market. This is because they cannot see the direction of travel, so quickly, and if someone sells, then you have someone, waiting to buy within minutes. The more liquid a share is the more trades, the more institutions take notice, and they will buy.
Institutions don't trade in illiquid stock, unless they take a position and hold. ( investment, not traded )
Second : When we get more people taking a position, and we still get 0.75% of trades, their is less stock. So imagine if you have people taking positions in Solgold, with an illiquid market, we could get 2-3 million extra buys or sells a day, and the price would barely move. Hence we get a uncrossing trade at the end of the day, and this happens day after day.
Summing up, a liquid stock, means that the investor can sell and buy larger amounts of shares in a single trade, at a better price, because they can be sure they get a price within the spread.
Other factors are involved, but that's the basics.
Hi.
why risk 75k on something you're unsure of?
low volume, low movement.
GLA TRUE SOLGDERS
Low volume means low interest in the share. The volume today is not too bad though. On or good or bad news day the turnover can be significantly higher than today.
Hi
Are you able to explain this volume idea to a Complete novice like myself
As viewing other stocks today with rises of 25% etc
The volume of trades are in the 100’s with sales and buys near enough equal of say 500,000 shares
Genuine question
I know it’s it’s my first post , like I said I’m a complete novice on the stock market
And yes I hold shares in solgold have done for some 18 months about 250,000 shares
Have read this forum for a few months, and have enjoyed some great info here
Q 6 months back as today the main markets were falling heavily on Covid fears and ( as would be expected) we fell even more heavily as a non producing minor ..... you thought we were going to production back then too ..... what’s changed ???
Sure