Re: Trading Volumes. Think part of problem was Minex stated grades in the MRE fall short of tier 1 mine but, they have 12 rigs soon to be 10 as shifting to next site early March. Think it is very undervalued thou it was a solid MRE and resource will be upgraded significantly as drilling continues. Also , re the 180 million shares not sure why everyone convinced will be sold on April surely, common sense is to hold onto them and make a killing! Anyway time will tell and not selling.Seagull
Trading Volumes. Lowest we have had for many a day / week and yet recording pressure on the buy.Could it?Could it be the seller who has driven the sp down in recent weeks has cleared?Its wishful thinking each and every-time I see a bit of blue here, but it will happen... Its just when??I do struggle somewhat to fathom, and understand how a resource rich company such as Solg is valued at the pitiful capital it is.Its world class, to rival Rio Tinto..Newcrest are sniffing as well and as released numerous times, they actually believe the resource thus far is merely the tip of the iceberg...I am being totally honest and admit, I really do not understand the current valuation..
I cannot put anything in the title box, because iii have still not fixed the issue after more than 3 months of the title bars hiding it....This lifted from Proactive Investors SiteSolGold* (LON:SOLG) 22.25p, Mkt Cap £377m Initial Aguinaga drilling programme imminent(SolGold own 85% of Cascabel in Ecuador) Solgold has announced plans to mobilise two man-portable diamond drilling rigs to the Aguinaga prospect within its Cascabel exploration area in Ecuador. The Aguinaga area is located approximately 3km northeast of the Alpala project area where the company announced a maiden resource estimate in January. The initial programme, which is expected to start in early March, is planned to consist of five holes to depths up to 1200m although success at this relatively early stage of exploration will no doubt trigger further drilling. Aguinaga is one of 15 priority targets which Solgold has identified within the Cascabel project area and the recent arrival of five large rigs to continue the detailed deep drilling work at Alpala has freed up the man-portable rigs for deployment on the initial drilling at Aguinaga. The Aguinaga discovery occurred in 2015 when field teams discovered porphyry copper-gold, quartz stock-work veining and telescoping of epithermal-gold style veining within potassic altered porphyritic diorite. Rock saw-channel sampling over the limited exposure, returned an open-ended nine metres grading more than 1.0% copper and 0.7 g/t gold in the upper part of the Aguinaga Creek. Since the original discovery, follow up exploration has assembled a compelling body of coincident geological, structural, geochemical and geophysical evidence which characterises Aguinaga as a potentially significant large porphyry centre located at the junction of a deep seated regional north-west trending structure with major north-east- and north-trending lineaments. A large scale positive magnetic anomaly some 500m x 500m in size, surrounded by an annular magnetic low is also characteristic of a large porphyry centre similar to magnetic signatures at the Bajo de la Alumbrera, Grasberg and Batu Hijau porphyry deposits Additional chargeability and magneto telluric resistivity anomalies reinforce the geophysical case for an underlying porphyry beneath Aguinaga while Coincident highs in copper, gold, molybdenum and the Cu-Zn ratio in soil and auger results are supported by a surrounding zone of low manganese-in-soil, which is likely to be related to intense late-stage hydrothermal alteration above the centre of the Aguinaga porphyry system. These soil geochemical relationships are characteristic of the metal zonation around porphyry copper-gold deposits. The Cascabel area hosts a number of high priority targets in addition to the Alpala cluster and the Aguinaga target and Solgold has also secured a number of other licences elsewhere in Ecuador including the Timbara prospect where the company recently announced the discovery of copper porphyry style mineralisation in outcrop. The company has budgeted for 120,000m of exploration drilling in 2018 with the majority focused on infill and expansion work at Alpala where a maiden resource of 1.08bn tonnes at an average grade of 0.68% copper equivalent was announced in January.Conclusion: The imminent commencement of early stage drilling at the Aguinaga property is supported by a substantial body of geological, structural , geophysical and geochemical evidence and is no doubt also informed by the detailed knowledge and understanding of the controls to mineralisation the exploration team has accumulated during the continuing exploration of Alpala. We look forward to the initial drilling results from Aguinanga as well as results from the continuing drilling at Alpala.*SP Angel act as UK broker to SolGold
Re: Solg up over 13% on Tsx I think market also tends to anticipate things in advance so, fingers crossed recovery will be swift when it comes If it comes as always do your own research. Seagull
Re: Solg up over 13% on Tsx Also of note, Cornerstone rose 25% yesterday. Both SOLG (TSX) and Cornerstone (TSX) have tracked or even precipitated SOLG's LSE falls. For the canadian stocks to bounce requires some 'reason' and I don't think today's Results driving it.LSE not really following suit today but might perk up come US open if TSX continues to see buying weight bias.HUBnb. The next 6 months should see some substantial resource upgrades which I think the market will find hard to ignore assuming Gold and Copper prices are firm and the world has not stopped spinning.
Re: SOLG Stream Log Maybe!
is 2018 going to be transformational?!
SOLG's last RNS on the subject of MRE was that it was due before the end of last week. This management team does not seem to take their own deadlines seriously enough.
Come on solg what are you waiting for?
Coome on the old solg
30p Wonder if we will breach this before Christmas?!
Nick "Mates-rates" Mathers
Have a look at Solgold on Wikipedia for NM's nickname
NM wants eight rigs on the ground at site soon. How is he going to pay for this?