Member Info for theiceberg

The order book has changed significantly since opening, maybe 450k shares have left the ask and th bid is alot stronger..

Also why the constant need to bring BHP into it despite not a single source ever.

I don't expect little digs in newspaper articles.
All they do is comment in a qrtly update that solg is no longer strategic they don't agree with strategy and they are giving up their board seat.
It's not the playground. Solg have done nothing wrong except follow the course they have planned with th Ecuador govt for ALL its shareholders

That's really just newcrest though, we know that newcrest like to feed these stories to AFR which is strange and very unprofessional of them.

I dont see how BHP will be annoyed.
Nick will have been open to them last year that he didn't want them to go above 15%. They would be gobsmacked if solg invited them to up their holding now.I

No placing should be touted or talked about while the share is trading imo.
It should be either a quick build or a suspension like asx.

Hate to say it but I think this was on the cards. A few quotes from me from last week the dots were there but I didn’t join them. The higher volume due to a leak (looking back I make it approx 5m shares). The bods actions to push it up etc.
To be fair they tried to get it higher and if they had waited then a drop would have been greater. The speed has stopped the sp bleed that often happens.

”I think we need to examine why Nick and team are on a charm offensive atm.
I've always very sceptical of company's that do this as it normally indicates a placing.
For solg though this isn't the case. They have just raised 150k and are in no hurry to raise more imo.
There is the claim that this is to raise the price to prevent a low ball offer. I can see this but Nick must know that the best way of doing this is not with us private investors but by reaching out to HNW and II investors. I can see that this is a reason but not the only reason.
It could be to raise the temperature for bidding war, but again this isn't the best way of doing that. So again a reason but not th e reason.
It could be as he said on Tuesday to convince CGP shareholders that solg is an open fresh company so accept the bid, but again I am not sure this is the reasone
It could be internal for Ecuador to show Ecuador that they mean business. et c
It just be all the above but I have a nagging feeling there is something else and I can't put my finger on it.“

“ t's still tingling while I type but F me there are a lot of shares. Between 2-3m on both sides ...not that much will book but explains the price and lack of movement.“

Is at about 23p currently so not much fall of sell off.
If it goes to .34 .35 C$ then I will buy some.

Is out you have a few hrs to take the retail shares..

Problem with that is that primary bid won't let you put shares into an isa or sipp acc.
I can't use my trust account either. :(

Like most I don't mind this tbh.
Regional activity is essential. Drill results are essential which is why the Blanca drilling was so frustrating.
Dilution is minimal a few percent.
For retail there is no point taking part if the sp drops so we win each way.
I don't really care what happens as long as we drill the regionals

"They had only $933k cash at 31 March and during the 1st quarter sold almost $5m of SOLG shares at a loss...which suggests desperation to me...they had net Operational cash outflows in the quarter of $1.78m..."

they haven't sold $5m shares . They've sold 5m shares...a world of difference.
They are obviously selling shares to keep things going, but they've got enough shares for many many months so that's not a viable situation unless solg wants to keep the share price at this level for many many months

You obviously subscribe to the trumpian theory of truth. I always think you should tell the truth.
So was it peanuts or 26p? Or are you going to lie more and say it was both? Or maybe deflect by saying something else?

"I'm averaging out at 26p currently."
"I have a small holding of half a million. which cost me peanuts many many moons ago.."
Your a compulsive liar zzzzzz and an idiot.
Your comment about being in a share for years is bizarre. Maybe you should be working for black Rock etc and redefine the strategy of almost every serious fund on the planet.
If your so desperate to be out you should have sold at 30p,
Get your liars sorted and then maybe you can have bit of respect.
Btw this is a public forum, they even allow you to post your drivel so I can if I want respond to you..
Oh look we've gone blue :)

Couldn't agree more copperpot.
If it wears you down then sell. Truth is some of these people arnt even holders no matter how much they protest.
I have no problem with a sensible discussion even from somebody who thinks it's oversold. But they arnt interested in a sensible discussion it's all baseless fluff.
We've done a quarter of a billion dollars of exploration and more drilling than any company who's not a major. This is one of the world's largest copper gold projects and folks are complaining that it takes awhile..
If you want a fairy tale of billions being paid for something because it's being pumped then solg isn't for you.
You can either buy in with newcrest, top funds,bhp, Franco etc. Or not.
You can choose to trade the share of not. But stop being manipulative a holes your not fooling anybody.

How long pray tell does it take from discovery to first metals for a world class tier 1?

I am sorry we have the harking back to previous highs and previous years group who brought on a spike and complain. I am more real world, I care about what the sp has done more rcently. I am truly sorry that the sp hitting prices not seen for six months and more is so disappointing and means you think the share has fallen out of favour.. The likes of black Rock must be real dups holding an un fashionable share
But mostly I am sorry that u feel the need to complain about it all when a share dares to pause instead of going straight up.

No sentiment in the market. ?
It’s risen 150% in the last couple of months. And still sits higher now than well before CV.
I know folks might want 100% a month gains month O n month but that ls utterly unrealistic for a half a billion company and unsustainable.

cant remember to be honest. someone said it was something like they had the right to try and find a buyer at market prices.
Also its not very clear whether these are new shares that have been sold or whether this incs shares sold prior 28th April.

The CGP update also makes it clear that they are trying to monitise their ENSA holding prior FS. I do think some kind of deal re VWAP and CGP unable to sell their holding for 6-12 months might be the works i.e shares for 15% ENSA.

Have they been selling more shares?

Sale of Shares

Subsequent to March 31, 2020, the Company sold additional marketable securities. To May 28, 2020, the Company sold 6,293,896 shares of SolGold for total proceeds of US $1,685,166.

A quick example...some sells leading to 12.24 in the 23s then only two smallish buys and then bang 100k on the bid in the mid 24s.

It's been interesting trading for sure. The book though is a complicated little beastie at the moment and is the opposite of his it appears. It's looking very strong to me.
At the end of last week we had up to half a million on the ask around 27p it's now largely vanished.
Instead that sell has been worked on the bid at a lowest price, however the bid has taken it without much hastle.
Very nicely played imo in a low volume market.
Who ever wanted the shares had been slowly strengthening the bid giving a 24p floor. It's good sign imo.
Equally though we have a persistent single buyer on CGP who is pushing the ask up beyond where the market can take it and then it falls back, it s a **** way of buying shares unless your trying to push the price up.
To me and it's only an opinion, it points to somebody deliberately putting a floor of 24p. With a 24-26p range for solg whilst putting the cgp bid higher to get a higher vwap for their poison pill, hence people less likely to take it out.

All together though it shows that this is a good time to buy solg.