Solgold Share Discussion Threads

[lefrene] 14/10/2016 12:15

Evidently Newcrest are convinced of the value here, and we know BHP are attempting to throw their weight around, and they won't be the only ones to have noticed that there is likely to be a long term resource at Cascabel. Yet more patience required, but it seems unlikely that the share price will drop below US16c while the drilling continues. Not too much of 2016 left so not too long to wait for that resource statement.

[billthebank] 14/10/2016 11:55

From recent RNS

This is one of the things that I am waiting for:-

SolGold is planning a resource statement at Alpala (the most advanced target at Cascabel) during 2016. This has been delayed by the discovery of high-grade mineralisation in Hole 17 at Alpala, extending the immediate resource potential. Alpala is open at depth in the upper extensions, and to the north, north-east, south-west and south-east. The mineralised zone at Alpala and Moran is closely modelled by magnetic signatures and currently encompasses over 10Bt of magnetic rocks expected to be mineralised with copper and gold.

[lefrene] 14/10/2016 11:39

They haven't set up the new drills yet Rodders, so I would guess at least three months away for the first of them, and probably a couple more years of drilling to establish a complete picture of the extent and value of the site.

[cool hand kev] 14/10/2016 11:29

It's a mug punters bounce

[onedayrodders] 14/10/2016 11:28

when are drilling results due

[lefrene] 14/10/2016 11:19

I didn't expect the price here to bounce back so quickly. I'm expecting it to tread water for a while until the results of new drilling and a feasibility study comes in, but what the heck do I know?

[greatfull dead] 14/10/2016 10:30

Even countries like Zambia where I lived as a child tend to steer clear of Zimbabwe. As for what happens in Zimbabwe when Mugabe dies I feel the military will do their best to avoid a blood bath. Here is hoping they succeed.

[lefrene] 14/10/2016 10:09

Billthebank, one wonders what will happen when the odious Mugabe dies? Will there be the usual tribal bloodbath? One might think anything could be better than Mugabe, but his passing might unleash mayhem. That's why almost any business in the country is seen as high risk. It will be interesting to see what Chinese interests do when the inevitable event arrives.

[billthebank] 14/10/2016 09:47

I understand your nervousness Chesty1 and I hope you can get in say @ 14p again if you are lucky. I have decided to let the investment stay as I like the management. I believe the shares are fairly tightly held and there were some impressive late trades yesterday too. There is more to come here but I have never traded well not yet anyway. RE ASA It is a Zimbabwe company which Tidy failed to mention but apart from that it is very very undervalued despite significant rise of late with a lot further to go Mugabe cant have much more time left on the planet as in his 90s now!! There has I understand been a relaxation towards overseas investment in that country for mining companies DYOR of course but in my opinion worth researching this producer

[chesty1] 14/10/2016 08:23

Well I got scared out yesterday which is how the market always plays it and I should know being trading for a long time, I think solg will do very nicely but could not watch the profits disappear.Be lucky to all and if your in from low down just ride it I was a bit late to the party as always.

[tidy 2] 13/10/2016 22:13

My SOLG buddies, here is an OT post for anyone interested in a solid rerate on a profit making gold and nickel play. ASA Reserves are over 5m oz. Zani Kodo is being developed - it sits in the same region as Randgolds major assets. Freda Rebecca is already producing and will notch up to over 100koz / year. With ASICs below $1000 then you can see the potential - the 5m oz could generate over $1bn profit and that's at gold price around $1200 oz. Then add on the Nickel profits !!!GLA Nice bounce today here

[markth126] 13/10/2016 20:47

Seriously what are the expectations of share price (realistic) for this.

[virenvit] 13/10/2016 19:00

Looking at the chart, hoping it follows the previous trend and bounces back!

[pecker1] 13/10/2016 18:35

For me the most important thing about the Maxit/Newcrest offer is the three years it buys for Solgold to get drilling and find out the true scale of the Cascabel deposits:
three years of freedom from a take-under bid from the likes of BHP at what might be a small fraction of its real worth.

Of course, some of the other targets might prove disappointing (too deep/low grade etc) but Nick's strategy is a clear risk reward calculation based on applying the known signatures of Alpala on to the other targets and working out the odds for success. Equally, this strategy will give shareholders the option to cash in their shares at any time over the next three years when it suits their own risk/reward calculation and/or need for cash.

[billthebank] 13/10/2016 18:32

Noccer When is the Maiden Resource estimate expected?

[noccer] 13/10/2016 18:02

The maiden resource statement will be key IMHO

[smoothtrader] 13/10/2016 17:27

All possible lef. The Chinese have been buying in droves especially in Australia. They've got an insatiable demand for gold

[lefrene] 13/10/2016 17:16

We just need a big Chinese operator to wade in and raise the stakes towards the real value of this resource. Perhaps that could yet come once/if renewed drilling proves up better grades close to the surface?

[smoothtrader] 13/10/2016 16:53

BHP had too many conditions which put the board off. And at the same time they (bhp) wanted 70% share of 85% of Solg Gold. Clearly the CEO hasn't prepared to share is Pukka Pie at this stage of the game.

[lefrene] 13/10/2016 16:31

Newcrest is a more straight forward deal and leaves more for current holders, BHP offer is complex and slanted too much in their favour against that of existing holders.

[markth126] 13/10/2016 16:28

In simple terms why was the max it and new crest offer better than bhp? When they are less?

[brahmsnliszt] 13/10/2016 15:10

As Kdr says this is tier one potential with majors very interested evidently and the sole reason why I started to invest here at around 7.5p

However it held a very good uptrend channel this morning extending back to the beginning of the uplift in its share price in mid August.

[kdr246] 13/10/2016 13:48

Intra-day moves!

[kdr246] 13/10/2016 13:46

There is so much potential with these assets. At the Aguinaga anomaly alone there was bornite at surface. Although it is not drilled yet, it is part of the plan and that is a shallow target compared to Alpala. The signs are there for multiple projects with varying degrees of capex; shallow being one clear advantage. BHP are already in Ecuador, in the south, so they will know the Andean copper belt well and the key projects. As per my previous posts, they are not the only majors operating in the region. With the stellar drill results, huge resources, tier one potential and the Ecuador government open for mining investment, one has to look forward and not at the infra-day moves.