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Red
the golden cross referred to is typically when the 50day ma crosses the 200day ma {although we now also see it referenced 50dma v 100dma)
here's some cr-ap on it..........
https://www.investopedia.com/terms/g/goldencross.asp#:~:text=A%20golden%20cross%20indicates%20a,major%20long%2Dterm%20moving%20average.
Tick up coming
This simple chart summarises how exciting this has become...
SP marching up steadily for the last five trading days on good volume...
Smashed through the 20 day and 50 day Moving Averages and headed towards the 200 day at 28.62...
And...20 day has turned upwards and on this sort of progress could form a 'golden cross' some time late next week...
As others have said, the book has lightened...plenty of steady PI buying...the blockers are out and we know that new instil are buying in the background...
Whats not to like.
Don't worry if there's a price setback tomorrow or on Monday...profity taking is normal after what has been a 30% rise in just 8 trading days...
I confidently expect the SP to go through 30p in the next few weeks...on a Regional update it may happen sooner...
Enjoy the ride...its been a long and patient wait...oh and "lets be careful out there..."
Hi Beast...
It is possible that BHP made a bid before they were issued with stock at 45p in the past.
There cannot have been any bid approaches because the company would have to announce them, but...
Last October Solgold themselves tweeted an article from Mining Monthly saying "Solgold is the biggest bid story in the City right now..."
And...Liberum in their latest review following the Regional update on 29 March suggested that a bid was likely by mid year...
Most of us on here would like to see Solgold survive and thrive, to become a major miner, but the mishandling of news at the back end of last year and the yet again delayed PFS, have left them vulnerable to a bid, which several of us believe would lead to an auction, with a final takeout price between £1/2...
Hannam have a target price of 105p POST the PFS disappointment on Feb 5 which saw a massively overdone fall in the SP
My own view is that they should pragmatically accept a J/V or even two, especially for Alpala, because that would then release them and the funds to be able to develop what I call the 'string of pearls', i.e. the other r75 projects.
Apart from today's excellent RNS, the other thing to get excited about is that they have invited J/V bids for their 20 or so 'smaller' properties...just one announcement on those would light a fire under the SP IMHO...
Good luck and enjoy the ride
Hey, I've been looking at this company for a week and got in today. Can anyone give me a brief summary of the companies current position in regards to bidding and future development? I am aware of their current projects but i can't find a recent news source for the company - they have been relatively quiet for over a year now. Thanks in advance!
Sire lol not yet !!:)
£1.32
Looking strong. Could we see 30p+ this month?
all aboard, next stop: the moon
26.45 paid