Member Info for TheItalian

Agreed. Suitors must have tried preliminary talks with SOLG around the 1 Bln or so level with no happiness, but realistically NM must be aiming at least to 2-3 Bln, which puts the onus on SOLG to prove the extra value, and likely imho requires that Cornerstone is out of the equation and a second area like Aguinaga shows sufficient promise.
All IMHO that is.
But we must be getting close enough, if it's true that in the next few weeks Cornerstone finally gets the spin off done.

Yep, sucks really, plus they have removed the message indicating that there are new posts.

Of course I wish you the best with it. I looked at it after your input, but it does not work with my style of trading.
And back to SOLG now!

Q, everything comes in waves, 46p was quite on the speculative side at that time,the price might have well reached 30p and stayed there and we could have agreed that it was a fair valuation given the stage of development.
Methink that once we get a minimal grasp on the motions of the markets, it;s easier to accept the ups and down, and plan our trades a bit better.

In any case, according to my voodoo calcs, we have to fight with 30p and 36p on the way up. However, we might be entering a stage where the price will be driven by the events rather than the technicals, so who can tell with certainty.

GLA

Lotto, you must be having more joy here than in AERO these days, The price has not moved at all since we talked about it.

My momentum indicator is still on the UP on day 14 and velocity is increasing, AND if it the price keep moving we are about to breach the long term downtrend that has been afflicting us since may 2017.
Nice day today, I have been looking forward to it for a long time.

I think it was the chap form the Dutch Commodity Discovery Fund, he seemed to have sufficient insight and inside information.
Exciting day today, I had no knowledge of how the exploration constraints in Ecuador were actually affecting the companies, and seeing that these constraints are being eliminated and in a responsible way, it's fantastic news. One cannot emphasise enough that Ecuador is still trying to build the image of a good investment destination, and this is going to help a lot.

@Columbo, why not?

I can't see any news...

And if that happens, I would be surprised if it wasn't Newcrest...

I suppose it would be reasonable to assume that after July, the majors might start lining up their ducks to acquire the CGP shares, producing a first re-rate and giving by proxy a first hint about how much the SOLG price can move upwards.
Sweet! Great find Shippy, you're worth all the money!

I like the technical debate, we all learn form each other and we all learn to appreciate that there are always different ways to read the market.
IMHO, the real long term downtrend is the one validated based on Hurst rules, which extends the line between the two peaks reached on 26th may 2017 and 6th October 2017. The peak on the 11th April 2018 did not break the trend, confirming the subsequent donwtrend.
The valid uptrend, again based on the same rules, extends the line between the troughs reached on 22nd Feb and 3rd April 2018.
The price has been moving into this narrowing channel and these two trends cross around the third week of September at around 21.0, which would be in my view the last point in time when either one of the trend lines will be breached. Of course it can breach earlier, and in my view, based on other technicals I am keen to verify, it will breach upwards, possibly with an amplitude of about 20p from the trough.
Have a nice weekend all.

I think it might refer to Aguinaga. If considerable mineralization is delineated near surface, that's our ticket to heaven there and then.

Even without trying to read too much into it, my attention goes to the following sentence:

"The scope for a significant near surface copper-gold deposit at Aguinaga may prove beneficial as early
mill feed for the project whilst the main Alpala Decline progresses towards the initial extraction levels
at the Alpala Deposit."

If you think it helps, I suggest you familiarise yourself with the lifecycle of exploration companies and if that's still not clear we can have this conversation.

Monte, I am sure we can come up with a filter list to ease your experience on the board, if you want to spend more time here. Welcome back btw.

Quick technical update.
A few days ago I indicated that my bespoke PPO momentum indicator finally showed and UP sign, after 47 DOWN trading days.
To date (10 trading days), the indicator is still UP and slowly rising even though not showing a very high number, but seems to indicate that support should be holding.
GLA

Thank you mapp, a great contribution. Just two questions:
1) If you buy and hold, at which point it's not evil to sell and make some money?
2) If everyone bought and held, how do you define a good entry level?

NM being off duty for a few days must have something to do with some medical reason, like surgery perhaps? Anyone got any ideas?

No, but SOLG received the attention of majors, and real offers, one of which (Newcrest) was accepted, and this happened when some of the best drill results ever (in the history of drilling) were recorded. GGP is still trying to get the attention but has not delivered anything remotely comparable.
Hopefully it will and we will make a lot of money, but one has to stay grounded.
GLA

Drastic collapse is just a technical retracement after a very large price surge, obviously a lot of people offloaded when the price spiked and then started to come down as the next bid was progressively lower.
No conspiracies here, really.