Ref: Nicholas Mather Video Presentation -Beaver Creek Colorado USA re SOLGOLD.
REACTION:
Solgold share price after the above presentation today, Mon 24 Sep 2018.
Currently, 10:52am, Mon 24 Sep 2018 [London time], the share price is 37.5 British pence to Sell and 38.10p to Buy +12.33%. The high for this morning was 39 British pence which is also the HIGH for the year [52 weeks].
The volume is 5.627 million currently which is very much higher than normal.
The spread is tight with a live quote at 37.6125p to Sell and 37.725p to Buy [Mkt Cap now £644 million].
At 39 British pence, it represents some 50 % more than what BHP paid for their Solgold shares at 26.59 pence from Guyana Gold [US35m, Guyana*s cost US$10m, Solgold*s Implied Mkt Cap US$600 million].
A screenshot of the buys:
WHAT DID NICHOLAS MATHER SAY IN THE SAID VIDEO? [Senderos kindly provided the link in the above post]
Towards the last few sentences:
"WE ARE CHEAP , WE ARE VULNERABLE."
Comment:
As for the target figures for the coming Updated MRE [Nov 2018 mentioned in said video] , it was already known from the MODELLING almost right from the beginning [historical now].
As said, it makes life more difficult as thie share price of Solgold keeps rising. I cited the Sirius Resources story to illustrate how it becomes difficult once the share price keeps rising. The difficulty is that it goes out of the range of the %.
Please check. DYOR.
Mon 24 Sep 2018 at 11:07am.
DGR Price at posting:
13.5¢ Sentiment: None Disclosure: Not Held
