A visual from Glencore's twitter account I found a clever demand visual of copper due to EVs that is great food for thought for those seeking long Copper equities and related commodities in the EV world . Am long Palladium as some may know for ages just to name one . That is doing super well. [link] it works Food for thought for those thinking about Long Solg ! The resource is vast ! The demand for copper will make the mine worth multiples of today's price . Am a trader so have different time frames and strategies but as an investment this should be looked at . IMOThe resource is destined to be worth billions .
Re: of interest from a technical view po... Cheers Disorder I can do negatives too lol ! ( i do post short trades where I normally get abused or negate commentary ( the old FRR bb lol where I was spot on had nearly everyone against me so after a while I just let them dwell lol ) . Gold in the meantime hit a 4 month high , I like the potential in SOlG chart indeed . 20 day moving average crossed the 50 right today and its promising IMO . Few more pennies up and I may start to add as various resistance levels are taken out Still at 27p for now and only 1 out 4 positions so far . ( I usually trade rules based ) Looking promising is my view .
cobalt for car batteries [link]
Re: of interest from a technical view point I'm in because my limited research and understanding says to me.... BUY...And I foresee a rise that certainly justifies holding and even acquiring.But... Another reason I am pleased to be holding is because of the analytical chart work onedb1 provides.Even though I am not a chartist, as a holder I absolutely love to hear positives.But then don't we all ?
of interest from a technical view point Solg chart is possibly on a 20 day moving average vs 50 day moving average cross Significant as it could be a precursor to a great move . But more importantly the stock seems to have retraced 50% from the all time high/low and found support ! A magic level in so many cases . Works well as an entry for me so many timesLets face if copper goes as it should on a bull run of epic proportions , with all the copper and gold Solg seems to have this asset will be fought for like not many out there. Just staying patient like i did with my iron ore plays , junior oil etc .I know am not wrong to be so positive . Just my timing tends to be on the early side. But given I have no rush and the results are what matter am happy to be long here and if we see a few pennies up tick I reckon that the signal will be a good one to follow . Average at 27p too so as this moves north I will add and scale in
Re: Telegraph write-up Taken from Adfyn board re ongoing work, plenty news in pipeline shud help sp over coming months With them drilling over 300m per day I hope the labs can keep up with the core analysis. At last exploration report we had assay results pending for holes 26-D3, 29-D3, 32-D1, 33, and 34. So thats many kilometres of cores waiting to be analysed.
Re: SOLG Stream Log Maybe!
is 2018 going to be transformational?!
Telegraph write-up Mining explorer SolGold is elated by confirmation of a large new copper deposit in Ecuador that could be the tip of the iceberg. The company, which moved to the main board of the London Stock Exchange last year and is also listed in Toronto, has confirmed a mineral resource estimate (MRE) of more than one billion tons of copper equivalent at its Alpala site in northern Ecuador. At least 120 million tons of this are high-grade copper ore, the company said.Nick Mather, chief executive of the Brisbane-based miner, said: For years weve been saying this system is very big and very rich and todays estimate is independent verification of that.The deposit also contains 12.3m ounces of gold, which is commonly found close to copper.The gold is nice, but we are elated about the copper content, Mr Mather said. The world is increasingly short of copper and mining companies have been remiss in not keeping up development capital to their operations.Nearly every commentator believes the copper price is going to rise very aggressively over the next year or two. This project is completely unhedged so we have all the upside of the copper price before us.Copper - used in electrical wiring - enjoyed a rally at the end of last month to hit a four-year high of $7,200 a ton.SolGold claims it has first mover advantage in Ecuador, a prospective mining jurisdiction where it has been exploring for a number of years. BHP Billiton and Fortescue Metals are among the big-name mining firms to have begun surveying the South American country, which sits on the Andean copper belt.SolGold, which has $100m (£73m) in the bank and the backing of Australian major Newcrest Mining as its biggest shareholder, plans to finish an economic analysis this year that would determine the cost of building a mine at Alpala.Alpala is just one of many targets we have, Mr Mather added. The project is going to get bigger. This MRE for Alpala is the tip of the iceberg.Michael Stoner, analyst at Berenberg, said the high-grade core of the deposit compared favourably to Escondida, the world's largest copper mine in Chile, which is jointly owned by BHP and Rio Tinto.With a further 120km of drilling planned for 2018 this is likely to be a dynamic resource with many updates to follow, he said. It is positive to see the group lay down a sizable first marker for the resource and we are most interested in the high-grade core, which, if expanded, will greatly ease the route to first production.SolGold shares climbed 3.5pc to 29.35p in morning trade, taking its market capitalisation to just shy of £500m.
Could even close down Always seems good RNS = sp drop
I suspect that price will start to warm up slowly but steadily Today could see the first rise in the 20 and 50 day moving averages and that is significant , it tells me buyers are slowly trickling back in. We know how fickle the market can be but when say a 50 day moving average starts to point up ( today could and should be day 1 ) its a positive . As the mood may be changing Trend since mid Dec is up and the high in Nov 2017 has been taken out . next highs of late Oct/early Nov now are targets and then back up the 200sma we should re target 38/40. Let the price roll gently upwards , momentum too is our side . RSI and MACD are on our side and those are all good factors and increase my confidence in a Long position. So staying Long with an average of 27p as I type . With copper bulls arguing for a good case of a bull market , owning juniors like SOLG is a must given the giant resource . Today's RNS is yet to really be traded by the bigger traders. All IMO as always . ATB Onedb1
Re: No surprise here I suspect many opportunists/traders cashed out on the expected RNS today.
Re: No surprise here Jilted,Don't forget Management recently awarded themselves share options at 60p. Newcrest brought in at 42p. I believe the only reason that the last fund raising was so low is NM didn't want Newcrest to have a larger stake than they currently have! NM wants to retain control and that in his view is going to result in significant higher gains for him and as a result all other shareholders further down the road imho.Fingers crossed this will tick up nicely over the coming months and reckon the PEA will be well above $1 Billion.Again this is just my view and do your own research! Seagull
Canadians I wonder if the dual listing will work in our favour, in terms of a more realistic share price after the resource statement? The market there is more familiar with resource companies and so they should have more experience to evaluate this last statement.I fully expected the sp to be north of 35p after this news. This time last year we saw a steady rise into the 40p's I think, and with this new increased valuation, PLUS the other areas being explored and all the additional licences won, the £1 sp estimates from other posters are not unrealistic for 12 months time. IMHO.GLADiggin
Re: No surprise here Exploration is a long drawn out business & institutional investors are cautious & take a longer term view, whilst Pi's tend to want a quick return.This has huge potential mid/long term & what with the limited number of shares in free float & the unusually large management holdings/skin in the game (GKP directors of old just awarded themselves share for free, never actually put their hand in their pocket) unlike NM & the fact that BHP have already had a sniff at this very early stage, all adds up to a great share to accumulate over time imo.I will be doing just that, as & when & I suspect those with an interest will force the price down to their advantage on regular occassions & will take advatage myself when they do to build a holding.