SolGold Share Chat (SOLG)

I also emailed Eliza with a several questions... again not market sensitive.. no response

usually she is quite quick to respond.

dont know what to make of it if others are having the same experience right now. Can only hope its for 'imminent' deal breaking reasons and not just continued management failures

Thanks for the tip Belderino and will do my research on that company.

I must also reiterate that I remain fully invested... just blowing off stream

I did support NM and am sure with his shareholding this will not be sold out cheap. But I have to agree with your comments. A tier 1 asset and possibly more tier 1 finds but treated like a leper by the markets. You gain trust by hitting your deadlines.

Newtoit
I’m not worried about the timescale as none of us will be part of a company going to production ( unless a small % free carry) just think a company so famed for its treatment of the indigenous people and their surroundings, should show some of the same courtesy to its own investors

Just to reiterate, for those that missed it.

Why would a board on a salary, worry about S P.
We can sit here for years spouting the WE ARE GOING TO PRODUCTION ****e.
Just keep paying us.
Thanks P I s
GLA
I will buy more in the 20s and bottom draw them for the great grandkids.
LOL

A totally agree with plenty of what you have said.
The company wee happy to chat last week , which I appreciated but I have since asked several ( non sensitive) questions and had nothing back.
I know some will say there is no point in pestering them , if that’s the case is there any point whatsoever in having 2/3 people being paid for IR ?
I remain confident in the story here but think this side of things is being handled poorly at best.
I’d be interested to know if anyone has had a response in the last 2/3 days ?

ok cheers for that. hope thats true

It's certainly frustrating. Fun when the sp goes up but not so fun when it goes down. But I remain focussed on the business and not the share price.

Porvenir has the potential to become a 100% owned Tier 1 asset. BHP are out of the lock in period and free to bid. Neither Ecuador election candidates offer much concern. Both have to support mining ops that are advanced simply because their oil sector is ageing and they need to replace that rev. Arauz is pro oil. Pro business.

The only real problem with SOLG at present is news voids. I quite liked the hole updates one by one but can understand why they have moved to more collective data reporting as the bigger picture is what counts most.

The drill bit continues to turn everyday. The sp meanwhie is 38p one month and 30p the next. It's not going to trade like a flat line when retail investors are hoping in and out on a regualr basis due to being bored or peeed off.

The elections do not look a concern. News is piling up and I'm happy to buy the dips. The story is strong. But the road ahead is without a doubt bumpy. This is not a silky smooth stock rocket to 150p. It's taking time and testing many investors resolve. But the end game here is the same. And that's the one thing that never changes. 22moz gold... tonnes of copper. Ready and waiting for a Super major mining company or chinese investment fund.

As a former shareholder I understand where you are coming from Qalibashi. This share is not easy to sell knowing that it has probably as high as 6 times the resources of GGP but it is almost half the market capitalisation. I sold because I could see a downtrend which has culminated in breaking the 20 day moving average which was the last real resistance. Fantastic resources which do not show in the share price. Every time we received news from Porvenir I was topping up given the good results just for the share price to continue dropping. Not sure what is going to change the downtrend at this point. I am not encouraging anyone to sell here but if anyone is looking at interesting investments in latin America look at the webinar from Orosur Mining in the meantime.

Well said Qualbashi. I can't wait to get out of this pile of dung. I know some people bought in in single pence figures so i can understand why hold NM in high esteem. For those of us with 3 year or less experience , his and the board's performance has been **** poor. NM has made many grandstanding statement but has never met a deadline during my time. The post AGM silence from NM is gutless. He only comments when it suits himself.

Can't argue with you Q, here, here

Q hear hear !!!!

More than anything is the haphazard way we PI's are treated since the AGM.

We are 5 years ahead in drilling versus any competition re junior mining companies.

Multiple Tier 1 assets in our portfolio and yet the management are incapable of stopping the daily drip drip drip in the value of the share price.

I never ever thought that we would be sub 30p at this stage of our evolution.

We have fantastic geos led by Dr Garwin- we have Jason Ward -we have top notch Non execs- we have Citi we have 2 brokers representing us on the LSE market platform and even they cant stop the price from falling.

Look around and you see GGP rising and Orisur now ahead of us in share price but only with a limited number of shares in issue.

Even stable companion Ironridge IRR has had a pretty impressive movement in share price.

So I am at a total loss as to why we are where we are at this time.

I dont believe its anything to do with Mather.

I just hope the powers that be get a bloody good update out SOONER RATHER THAN LATER.

NM has missed every deadline going and ENOUGH IS ENOUGH.

I hope someone at SOLG reads this board.

I am angry and upset and for me that has never ever happened here.

I just cant believe the way the company is being run.

Rant over.

Best of luck sporty

As someone mentioned the other day. The chinese money was from an investment fund, not a miner. It would have been a speculative purchase, in the same way we purchase. If they are happy with thier exposure there is no reason they would add at the moment, in the same way, not everyone here is buying any more at the moment.

Afternoon Gents
After holding here for a number of years I sold everything and reinvested elsewhere - but this was a share that was very close to my heart and spent hundreds of man hours researching.I would like to reinvest - I have kept all my daughters shares in her JISA as the long term is worth it for her - not me personally.
I am pretty certain the issue is partly to do with the election - it is pretty much a 2 horse race - one neo liberal 35 and one conservative elitist 65... and an electorate of only 13m who are suffering a lot due to COVID
The SOLG fundamentals are of course A ok - but we all know what a left wing Govt can do - but I do get the feeling from reading the profiles of all the candidates that they would be pro Solgold due to employment opportunities and inward investment into infrastructure (rather than being financed by a big IMF loan) - it wouldnt serve any purpose to a country with zero money to try to be clever and overturn the exploration licences etc for a land grab.. in a small way PAT is the same with Bhukia and the Rajasthani Govt - and even there my view is commonsense will prevail.
GLA
Sporty - hope to be back - put my towel on the recliner please

I just think with the volumes it doesn't take many sells to drive the price down.
After all we are living through Covid, and lots of PI's need the money. So are selling.
We are not even making 10 million a day on volume and even that wouldn't be good enough.
We are not on anyone's radar at the moment.

When I was young, I once said my Dad was an astronaut. He wasn’t by the way.

The problem we have is that several ( or many more I suspect) investors who would have considered 60p a derisory offer not so long ago , may well look at it very differently now

I tend to agree, the more shares they buy, the less they will have to pay 60-70p for !
But there's not much evidence of position building here.
If I'm wrong I'd be happy to learn why.

Hello Redknight1 read the post again, it is fact that NM has said we are going to production, so it's fact we are going to production. I am reiterating what has been said.
That's an observation and so fact.

Why aren’t the Chinese buying bucketloads at this level if they are interested? Ok would push the price but then again it would also make Bhp etc sit up and take notice. If they have deep pockets as others have suggested it wouldn’t bother them surely?

I've said for a long time ,the board are not looking out for small shareholders. That's understandable I suppose, but its just some actually believe that they are.

Hear you Monte, but Glen hasn’t lost 20% of its value in 3 weeks. Under such circumstances, I would expect a statement from the board. This isn’t AIM. Frankly, it’s shocking how the asolg board treats shareholders.