Oversold21 Jul 2021 09:55
I had not noticed but this is actually pretty oversold in the day chart so I bought back. Even John Cornford - from Master investors who had been a bit bearish on the prospects here has changed his view. If we see 40p before the end of the year it would not be a bad return for 5 months investment.
From the 15th July issue: "And as for Solgold (LON:SOLG), (copper mostly but a lot of gold too) having been cautious for a long time now I see little reason any more for its shares to stay stuck down where they are below 30p, which is why if I had the funds I would be piling in again. As I have surmised before, however, despite the much better news starting to come along, it seems likely that potential institutional buyers of the shares think they are all sewn up between Solgold’s major shareholders, giving little chance that any bid would succeed, so they would have to wait too long to see Solgold’s value fully unlocked. But when that news (a revised and much more economic feasibility study for Alpala and a possibly much earlier start) comes along in October, together with continuing success at its other Ecuadorian exploration prospects and, possibly, partnerships to help their funding burden, private investors at least won’t want to pass the opportunity by. So, the shares have a good chance by the end of the year of seeing at least 40p again in my view".