Solgold Share Discussion Threads

[mam fach] 21/3/2017 11:58

Nothing wrong in taking a profit. Good Luck.

[sorrento06] 21/3/2017 11:47

Lol, fingers crossed.

[mam fach] 21/3/2017 11:22

If they go to £1 it might make you a millionaire.
Think I will hang on here.

[sorrento06] 21/3/2017 11:04

Just sold today, been a good ride. Putting my Profit in Prem with their RNS today. The next Sold imo. GLA !!!! : )

[onedayrodders] 20/3/2017 15:46

Tempting fate here but solid support and new base it would seem at around 37p.

Should be due exploration update soon

[onedayrodders] 17/3/2017 22:40

lets hope so

[mam fach] 17/3/2017 22:37

Could be an interesting week next week.
Back to 40p never to return ?
Perhaps investors waiting to get in @ lower price will be disappointed.

[onedayrodders] 16/3/2017 15:22

Clearly of late we have been tracking Gold and now it's turned ..for now

[mam fach] 16/3/2017 13:56

Don't agree. Gut feeling is some sort of announcement imminent.
Time will tell.

[lefrene] 16/3/2017 12:42

More likely just picking up on the long term trend line, plus gold and copper have perked up a little bit after recent declines. I expect this to remain as these levels until eventually the resource report comes in, and that can't happen until they have finished defining Alpala, which has to wait for those drills to turn up. So sometime between September and Christmas is my guess. Unless of course some eager miner makes a pre-emptive bid?

[mam fach] 16/3/2017 12:23

What is going on? Up up & away.

[spacedust] 15/3/2017 19:58

Rates raised . Dollar goes down....very strange.......so Gold goes up.

[mirabeau] 15/3/2017 13:39

CGP
Today 13:38
This is out today from CGP. I would suggest that a 'friendly takeover' effectively means selling their 15% to SOLG

'Management has a duty to ensure that shareholders obtain the highest value upon the disposition of any asset or during an outright takeover. In the event that Cornerstone becomes the subject of a takeover bid, we expect that it would be friendly. Should such a takeover bid occur, especially if it is hostile, management will need the support of shareholders to ensure that you receive the maximum benefit.'

[mam fach] 15/3/2017 09:54

Pretty much stuck in a rut now. Whilst other similar shares with (in my opinion )
have less potential are taking off.What can you do.It's worrying.

[spacedust] 14/3/2017 20:49

Without news
Increasing dollar strength
Gold price declining

Which way do we think this is going??

[mirabeau] 14/3/2017 19:59

She will not fall below 37p no matter what. And exhibiting unbelievable support at this price that it almost appears to be orchestrated

[onedayrodders] 14/3/2017 19:37

chart seems to be mirroring the Nov-Jan consolidation .. hopefully with the same ending

[spacedust] 09/3/2017 18:49

Solg over 0.5billion market cap. No revenue streams.

[spacedust] 09/3/2017 18:45

Can you add Solg please?

[nash81] 09/3/2017 15:33

I have shares in SOLG and JLP

---
currently...

Beowulf - £48m mcap (no ML yet)
Amur - £46m mcap (with ML)
Both have no revenue other than placings...

JLP- £58m mcap (with ML) - rapidly growing revenue stream

I know where I would rather be.

[lefrene] 08/3/2017 10:39

I suspect this will continue to drift down in slivers, as people become impatient of waiting several months for the resource statement. No big outfit is going to make a move without some authorative numbers to wave at their shareholders. Mirabeau thank you for posting those items.

[mirabeau] 08/3/2017 05:49

Ecuador tax rate competitive

Incremental reforms through 2015 and 2016 mean Ecuador’s net tax take is in line with other countries in the region, Patrick Barnes of Wood Mackenzie, the architects of Ecuador’s fiscal overhaul, told delegates at the ‘Ecuador Day’ event at the PDAC Convention in Toronto, Canada.

By Paul Harris in Toronto, Canada

07 Mar 2017

A former Kinross Gold asset sold because of fiscal uncertainty, Fruta del Norte is being built by Lundin Gold

“Since 2014, the tax burden has come down mainly due to changes to the sovereign adjustment, accelerated depreciation, currency transfer tax and recoverable VAT. Ecuador is now lower than Mexico,” he said.

In 2016, the government clarified how the windfall and sovereign adjustment taxes would be levied with the net result that there is little probability that they will ever be activated,” he said.

The windfall tax will now be levied after the simple payback of initial capital invested with no discount rate plus four years with the base price clarified for each metal. After four years, it will only kick in if there is a price increase of more than one standard deviation higher than the average over the previous 10 years.

In the current price environment, this would mean a copper price of US$4.10 per pound and gold price of $1,600 per ounce.

For the sovereign adjustment, all project cash flows will be taken into account, including project expenses leading up to the moment when an exploitation contract with the government is signed.

[mirabeau] 08/3/2017 05:32

More discoveries on the cards at Cascabel

BIG exploration success story SolGold expects Cascabel to be just the beginning, with executive director Nick Mather believing it will be the first of multiple so-called “tier one” copper-gold deposits the company could find in Ecuador.

Michael Quinn : 07 Mar 2017 23:14

Speaking at PDAC in Toronto this week, Mather made the case for more discoveries based on the geological knowledge gleaned from Cascabel already generating 14 other porphyry targets on SolGold’s ground including eight priority drill targets.

Mather believes Ecuador will host multiple porphyries as per Chile, with deposits relatively easily found in the latter’s arid dry environment but overlooked until very recently in the jungle and cloud covered former.

The cashed-up SolGold currently has three rigs on site, going to seven by the end of the year, and 10 next year.

Mather was super keen at PDAC to outline the potential of Cascabel and SolGold’s emerging other prospects given the huge run in the stock over the past 15 months or so.

The company is currently capitalised at more than $860 million, and if SolGold did happen to outline the 3-4 more tier one deposits Mather believes could potentially be in the offing, it would indeed be a major copper producer worth many multiples of current levels.

The more likely scenario assuming Cascabel stacks-up as expected is that it would end up in the hands of another corporate, with SolGold shareholder (and block cave specialist) Newcrest Mining and previously denied suitor BHP obvious interested third parties.

And another half dozen companies including Oyu Tolgoi block cave miner Rio Tinto can all be thrown into the mix without pause for thought.

A resource statement for Cascabel is due within the next 6-9 months, and while, in the words of Mather, “Blind Freddy can tell you it’s going to be a big one”, the formal numbers are awaited by the market.

Meanwhile Mather indicated the fiscal regime in Ecuador continued to track in the right direction, with SolGold’s future plans likely to be significantly assisted by Lundin Gold currently blazing a trail at Fruta del Norte and Chilean major Codelco entering a joint venture with Ecuador’s state mining company at a copper project 70km from Cascabel.

[temmujin] 08/3/2017 00:11

MOD Resources - Maybe the closest thing to Ivanhoe's Kamoa-Kakula out there and could be bigger than SOLG!

[spacedust] 07/3/2017 10:21

This is the carm before the storm.