Member Info for SharpeRatio

Yup.. the next next of test is 2.9-3.10 if we can get through that then we laughing!

It’s looking good, don’t mind if we consolidate around the 2.38-2.41 area.. want this to build up enough momentum for another solid push up. Good amount of buys, good amount of profit taking, looks like this is heading in the right direction, as long as higher highs and higher lows... I’ll be keeping this for the longer term (already have)
Just as an interesting side note, if we were to reach a MCAP of 100mil which isn’t a crazy out there statement (as long as we can price up the ground) the share price would be around 15.0 - 15.5p... but don’t expect that for 6-12months (as long as we drill drill drill)
GLA

Been in here for some time but very rarely post. I think the most positive thing from this is the rig. If we have someone who can operate it, have spare parts, and time.. then this will prove up the resources nicely. No need to wait for results, can actively participate in locating good areas to drill and "hopefully" define a resource. I think in the next 6 months or so, this company will be keeping investors updated.
I'm more pleased about the drill rig, than any speculation of a JV, let us prove up a resource, then depending on what it looks like, do a JV!! that would be preferred route and would add far more shareholder value.
Will be a bumpy share price road till then, but I'm holding and any retracements will be topped up!

GLA

Just bought this, but worth noting I got a buy at 14.5, which would appear as a sell!! ??

Yes, I’ve in for many years... all the major mining companies have been hit as the stock markets gets pummelled by corona.. its just that solg is viewed as a long term asset.. it is grouped with the big boys for investing sake.. so it’s come off massively, as I would assume some investors think it would take a major to return value from the ground soon, and if they are in a down movement, would make sense that solg is too.. I don’t think it’s anything to worry about, they are literally sitting on gold.. market sentiment is totally shaken up at the moment, people won’t speculate money if they feel there are better gains to be made from falling markets or cheaper main stream shares.... it will sort itself out after corona is know more about and market understand the implications.. I don’t know how low it could go, but I’m in buying territory with an outlook for 3-6 years (or unless it goes to 45-50)

I think sentiment on this is very much down.. but Mcap is super low. Wouldn’t take much to move this up, a spate of good news should push this up 3-4.5

Done some calculations for fair value of share price, JUST CALCULATING GOLD!!!
For 10 million oz would be minimum of 4.28 ( this price would be just for havieron, gold only, taking the most conservative of estimates, expensive extraction and where minimum base would be)

As we have other assets, and copper. The speculation price is anywhere from 12.84 - 18.00 (speculation is expectation of other assets. Over shoot and news)

These prices are based on the mine going ahead and the value of gold remaining the same.

So 10 million OZ
= minimum price 4.28p (issues getting resources out of ground, bad weather, no water etc)
= average price 18.00p ( everything went smooth, extraction of copper and no major issues)
= best out come 34.00p ( project ahead of schedule, other assets reporting good grades, better extractions from the Ore bodies, gold and copper markets buoyant)

Just add 1.5 for a 15 million oz deposit and please bear in mind the lower number is for GOLD only and what is the lowest price (e.g you might want to think about buying) this doesn’t include any warrants to dilute the share pool, but current MCAP and costings.

unfortunately this is the way of the world.... people make and others lose it.... GGP was exactly the same in 2016, a lot of people annoyed with the share, some people no where near breaking even, till 3.5-4p.. … ECR for me is my " carpe diem" yes, there has been plenty of false promises (5) but eventually it "might" come true, I would rather get in early and be wrong, than buy later and be wrong.
Solg had years of people slagging them off on the boards, especially after the split in 2015, always good to go away, and come back to share and pretend you have no "history" with it, look at it with fresh eyes.

D200, yes, I have done a comparison for SOLG and GGP VS ECR.

SOLG = Lowest Price (within 5 years) 1.012 = 15,600,000 MCAP... Highest Price 46.81 = 864,000,000 MCAP
GGP = Lowest Price (within 5 years) 0.058 = 1,900,000 MCAP.... Highest Price 2.58 = 86,666,000 MCAP
ECR = Lowest Price (within 5 years) 0.60 = 2,738,000 MCAP.... CURRENT LEVEL 1.10 = MCAP 5,020,000
**********************
SOLG = highest price 46.81 / 1.012 lowest price = 46.24 times, increase in price
GGP = highest price 2.58 / 0.058 lowest price = 44.48 times, increase in price

So understanding the above (and this is not an exact science, but just a comparison)
if we took ECR's lowest point and "X" by 44 (usual run from the lows and the lowest "X" move)
0.60 * 44 = 27.00p and a MCAP of 121,000,000

So from Currently levels, if they come back with great grades, and continue to expand the business, then in the next 2 years it could be a 23 bagger (27 / 1.15 = 23.47) this is without all craziness which could happen in-between.

If we could prove up a 1,000,000 oz reserve which is close to ground, open pit mine (easy to mine) would still give a relatively good price, e.g. 1,000,000 * £43.00 per OZ (mining costs etc) would make it a price mover, but this would have to be the minimum.. calcs = 1,000,000 * 43 = £43,000,000 / 5,020,000 (current Mcap) = 8.56p
This would be the minimum price for the company without speculation and giving a rubbish operating cost per OZ (£43.00)
So in essence, I "HOPE" they find something substantial, anything below 1 Million OZ and we wont be anywhere near the 8p price, anything above and there is a lot of potential for some serious price movement... But I always tell myself, this is AIM, you have shite news which crashes the price and then 6 months later, life changing news. Either way, im holding this for 2 years... this is my opinion ONLY.

GLA

Yup that’s it.. thanks.. thought it was 15 mins they had to do blocks?!

I brought 1.1 million shares over an hour ago, and for some reason it’s not showing up!! Why would they be hiding it??. paid full whack at .95!!! Fishy!

I have a Low average, but it seems like a nice place to get some additional shares... I like the long term prospects of this. GLA

I just topped up here, super risky, but I’m going on the “no news is good news” .....not really a trading/investment strategy, but I think it’s been a massive sell off, and the potential to sky rocket is still there!!

A lot of talk about targets.. I usually don’t weigh in, but as this is a discussion I thought I would add my two pence!

All time high for GGP was about the 4.5 - 4.6 level, with the amount of momentum this share currently has, I would see this as a valid target.. that being said, this level is just a resistance.. I can see this going much higher on the back end of the news being great... but it has to be great. 1 billion for this company of all the ducks are in a row, bring us to around the 14p-16p levels ( taking in the warrents etc). I will top slice at 4.4... and buy on the dips...

Just as an FYI... I’m a long termer here, been buying and selling this for 5 years +... never looked so strong SP wise...

At these levels, like the support around here from H&S... however my buy is 14.37 and just under the midpoint, so it might show up as a sell, looking for this to shift towards 30

I agree, very quiet on here, but it's a great thing... don't have to scroll through a load of tosh... here is to a steady rise, av. about 0.91, so very happy!

Hi dill1, smoking weed helps me relax when trading aim! The volume I refer too is "volumn at price" this is where the most volumn is traded at a certain price level, at 1.047 there was the most volume traded by 3 times that of the past 5 years, so to me this is a support level as lots of volume indicated smart money getting on board, at this level there is over 2 million more buyers than sellers, I haven't seen the seen the large selling column at the 1.8-2.4 area, so assume that these buys are still in charge!! So naturally this will be a buying level down to 1p IMHO for these holders, the official open and close for today was 1.10 and the low 1.05, so for me this is a rejection of low and into a support level.... RSI being 38 isn't an issue, please explain why, usually with aim shares when RSI is lower or near the 30 it shoots up?? MACD being stangnant isn't an issue either, we are looking at a consolidation of price since august..so market should break, I could be wrong and it breaks down, but with the mentioned above, I believe it will go higher and break up to the upside. For the aim markets I prefer not to look at daily charts for rsi, macd, bollies etc and they aren't (usually) liquid markers so do most analysis on weekly charts.. I am prepared to buy this down to 0.90 as I believe this is the support zone.. failing that I'm out..

Well think it will go higher, no inside info. Just looking at charts and volume...1st stop is 2p. Then 2.4p, 3p etc.. speculative rather than anything else. Today's bar was good rejection of low

It's gonna shoot up now I've bought.... that's the plan I'm going to stick too... watch this space, 2p before Christmas.... or the kids will starve!

hTtp://www.miningweekly.com/article/tungsten-focused-thor-mining-moves-diversified-portfolio-up-value-curve-as-commodity-prices-rally-2017-09-26. Was last month but it still very relevant, here is a video on THR. Looks promising: https://m.youtube.com/watch?v=juAST7i9sOc I have an avaerage of 0.98 think the upside here could be very good, lots of potential and if the stage where we would become a producer!! Under valued, charts have it at lows 6 months ago...