SolGold Forum

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Independent Resources/ IRG, has taken a bit of a bashing since 2011, with the earthquake in the Po Valley having seriously put into question the value of the Rivara asset, but thankfully all looks set to change and investors can either grab a great long term hold or profit short term. Jumping straight in with fundamental analysis, historically Independent Resources has traded as high as £1.50 per share and mostly within the 40-60p range. Cantor have even placed a 67p target on these shares, which I expect is based on pending news from the San Gervasio project, which has the potential to generate positive cash flow within nine months of a confirmed award (Independent Resources have already scored highest with the awarding body and most analysts expect this award to be confirmed prior to the new year). From a purely asset based valuation, Independent Resources still stacks up well with a Net Asset Valuation per share of 30p, making it very undervalued in the market. Adding to all of this, no news on major projects has been heard for more than four months now and combined with this final results are expected soon. Although, the question over the award of the flagship Rivara asset may still trouble some investors, I personally don't think it's as relevant to the company as a whole than it used to be. With the expansion into Tunisia and other such countries to accumulate assets, Independent Resources looks set to rise up from these low levels. For short term traders, the current prices may seem a little high and from a technical perspective the RSI and stochastics may suggest that you ought to hang on for a cheaper price, but obviously if (as expected) positive news comes out soon you won't want to be left at the starting line. For the long term holders, these levels would be a great buying time and you never know, if the spot price rose up to £1.50 again you could profit more than 2000%..

Anyone have any news or insights on who will replace Kinross in Ecuador? I ask because if it is a China company there is a likelihood of a buyout of SolGold down the road.

Knockers are in evidence all of a sudden! In n umbers too.Got to be a good sign !!!

we have already passed the danger zone and the chances of meager results from now on are less and less likely to happen imo; it looks like a worldclass asset!

Nice rise today, with this in the background - so not a bad day really. Sector movers: Weak Asian data weighs on mining stocks, copper prices Mon 10 Mar 2014 LONDON (SHARECAST) - Mining stocks were under the weather on Monday as copper prices slumped after disappointing economic data from Asia dampened the outlook for demand. China registered a surprise trade deficit in February and a sharper-than-expected slowdown in consumer price inflation, pushing copper as much as 2.8% lower to $2.9955 a pound, its lowest in over eight months. ... Bottom performing sectors so far today * Industrial Metals & Mining 841.99 -4.39% Mobile Telecommunications 5,137.64 -3.56% * Mining 16,222.99 -2.38%

Fred. I am in the same boat. Not easy to assess when its peaked and conversely when its bottomed out. I guess that would make it too easy...

Great rns on Monday, good presentation yesterday - yet down 34% over a week! Not a great week for solg. Things will get better, patience is a virtue!

SolGold is not for the get rich quick crowd unless they know how to manipulate based on insider info. For those who invest based on doing homework, SolGold has potential and legs if the Ecuador government doesn't pull the rug out because of pressure from China, which owns much of the sovereign debt. In my opinion that's the risk or rub in the investment long term.