Member Info for Magoo79

Indeed. There are not too many shares available so when this is in demand it really flies. The opposite is also true, but we are certainly going to see some significant good news. Mark is very experienced and he weighs carefully his words. If he was very optimistic in the interview it means that the deals are almost done.

RSI is still on the up. It could stay for days well above 80. It's just showing strength now.

Besides, the interview has not been yet seen by too many and other articles may pop up over the next few days. We may retrace a little at the next resistance level though

This may retrace a bit in a few days but I think it still has legs. There's a high probability we'll see a JV being announced within weeks and this would increase our chances of a successful outcome with the dispute in India. The latter would mean an easy 10 bagger but the JV alone would derisk a lot our investment. The JV partner would probably have to pay a substantial amount to gain a share of Bukhia, probably much higher than the current MK. Whether you pay 7p or 9p now it won't matter much in a few months

A 10X is certainly possible if the situation in India get resolved. I think the first step will be the conclusion of the negotiation of the JV then hopefully an amicable agreement with the Rajasthan government. Still lots of uncertainties regarding timing and outcome but if the JV partner makes a deal it means that MB has put some good cards on the table. Exciting times.

I topped up today and i expect this to open higher tomorrow..

Lasso is busy at work. While protests are being organised to oppose the new environmental code he authored recently, a new law aiming at attracting foreign investment has been proposed

https://prensaminera.org/nueva-ley-atraer-la-inversion-extranjera-al-ecuador/

One of the large shareholders, who is involved in talks, decided to leak some rumours to speed up the process and persuade suitors to start the bid from a more realistic base. Let's hope there's some substance to it

Looks like they were listening. They bought some below 80p and that hopefully is a new floor

Mr fibles, true but even at the current prices and taking the lowest end of the production guidance for 2023, we'd still turn over $200 million. Margins will still be very high, considering also the lower energy cost compared to 2022. FCF still huge and a significant chunk will be returned to shareholders. I am happy to wait, accumulate if it stays below £2 and pocket my fat dividends

Thanks a lot DG1, great summary.

How about asking SOLG to organise a webinar via investormeetcompany? Other companies use this platform quite often (e.g. SHG) to communicate with shareholders and respond to questions live.

Just checked all the major Ecuador news websites and can't find anything significant. Not even on prensaminera.org which is dedicated to the local mining industry. Maybe it's BR abandoning the ship? It would be good to get some positive news from the company for a change..

From a TA perspective we are in a long term channel with a bottom around 1670 or so. We may get there then bounce. Upper boundary around 2070. This is the time to accumulate, not sell. Wait for 2000+..

From a TA perspective it seems like we have bottomed out yesterday. I topped up this morning and expect us to be soon above 200 again. Way oversold.

And if it doesn't bounce I'll be accumulating at these silly prices, I am not worried.

Another milestone under the belt. This is good news and I expect Q2 results to be the best ever for the company. Net debt is melting away while POG remains around 2K. I would not be surprised if some of our neighbours in Kenya makes an offer for the whole company before the SP starts running..

I watched the presentation and Eric tells a very compelling story. We are so undervalued it's ridiculous. I also have the impression that there are some majors sniffing around, especially given the potential of WK. We are next door to two majors and the grades are incredibly good.

Then factor in: the huge return on investment on the exploration activities, production is the highest ever, debt evaporating fast, POG around 2k..

We'll see. I am just very frustrated. Board feathering its nest while we see our investment going south. At the end I topped up as the assets are still there and I am hoping to be proven wrong regarding the current management

@addicknt obviously the political situation is beyond anyone's control but communication has never been the company's forte. I'd buy more if I trusted them to deliver in the near future..

15/12/2022 Scott Caldwell:

"The entire team at SolGold is working tirelessly to ensure all shareholders and other stakeholders are rewarded for the world class discovery in Cascabel and our portfolio of assets across Ecuador. We appreciate all the support we have received to date from stakeholders and are committed to our objective to maximize shareholder value."

thanks for maximising shareholder value, Scott

It would be the 20th or so hearing. I still hope it's the last one but i would not bet my life on it..

Truth is that it takes very little to move the SP of this company. Just a whiff of good news could make it fly

Solid bounce today. We should start climbing back now!

There's clearly a large seller and this increases the disconnect between fundamentals and share price. An opportunity to buy as POG is now constantly over $2000 and we are producing like never before. Debt will evaporate quickly while reserves, especially in WK are set to grow. Pity about Eric leaving but the company is solid and in great shape.