Solgold Share Discussion Threads

[mknight] 19/10/2020 07:24

As predicted this weekend 250m all on target to make us very large and very rich .😃👍

Now at 273 meters so another update Monday ish maybe Friday .

[mirabeau] 19/10/2020 07:16

Yes mark...lovely!

'Hole PDH-20-002 is continuing to confirm our view that the Cacharposa system is potentially very large and rich'

Give us the assays Mather. 'very rich'..high grade?

[markth126] 19/10/2020 07:14

Boom. Another great rns on porvenir continuing to look immense!

[mknight] 19/10/2020 06:23

JL

You will learn that answering DD is a waste of time as he will belittle your post even it answers the debate .

I suggest you filter him as its the one thing he hates as he needs to feel important .He honestly believes he is better than anyone . He should remind himself that he yes the GREAT DD is posting on a BB with maybe 12 to 18 regular posters . And worse 99 times out of a 100 they see the bigger picture alot clearer than he can .He gets extremly confused when there is more than one project going on at any given time .

[jlondon] 18/10/2020 23:07

DD- Sorry you are wrong because I am not excited because I found Solgold for the 1st time. I have been in Solgold since the days of the start of Cascabel and I can relate all of what happened eg Solgold did the placing at 2p. Then, the longish wait for the environmental permission.

As for Cronford, he said he did the maths as investment bankers will be looking at valuation of Alpala to fund etc. Liberum is a licenced broker and Hannan is a Tier 1 - no private investor can be doing their own share price valuation as they are just not licenced.

So, in quoting the range of the actual valuation, both Cronford, BHP & Liberum are within the variance. Cronford 50p [not broker target but banker*s working for sale - funding fixed at copper/gold prices at the time of cals]. BHP 45p investment [£45m stake] and Liberum 55p offer by suitor. Solgold at 37.8p with a 45% takeout premium, text book = 54p.

As I said, if you do not agree with LICENCED top tier 1 investment banks who do this for a living to price IPO etc, then you should show us your calculations and how much you value Solgold at - perhaps helpful if you could tell us your licence number as well - that will help to accedit your workings.

If, we dont hear your cals and your licence no, then it is also ok as that will tell all of us that you are a private investor.

Eric as you remember told everyone that Solgold was over-valued at £8m at the start of the Cascabel journey. Well, Solgold had 2 brokers then, one UK and the other Australian. When contacted one said to report to the FCA as valuation can only be done for the public*s safety by people who are qualified and licenced. That ended the matter of valuation and it is applicable today.

Over on Hotcopper, Australia, they say that if anyone want to provide professional comment, they have to tell Hotcopper who they are and they have to make known officially their position on the forum via a marking. Same for the American sites with accredited markings. That way, wrong workings, well you know, Americans would be going for class action.

So, if you are a professional MM/fund manager etc and you say not to take any of the licenced calculations per FCA regulations/rules or investment bankers cals or Franco Nevada M & A team who would be Management Accountants licenced and qualified nor BHP*s M & A team of similar calibre -Do & I and others have to listen to you and sell accordingly which is implied?

You will all remember Britain*s Most Feared Shorter? Well, he told everyone that he was shorting Solgold at 8p. Now, we never hear of him or his shorts on any stocks. Anyone shorting must have thought and done wrong personal private sums. So, if you are confident DD, do what you believe in - free to take your short thesis into real life?? That is called taking a view isnt it? Whatever the view is personally, buy, hold or short - nothing else in the investment game.

For this reason, I take the SAFE COURSE ie to only quote the broker targets which is on Financial Times data sheet or from other listed sites which give the broker targets eg HL who used to provide it free. I also give a balanced view of the LOWEST of these targets or BASE-LINE workings eg Liberum*s, BHP*s investment price or Cronford which is what investment bankers will be throwing about to find the ideal NPV for funding etc. I am well aware that VALUATION cannot be done by ordinary pi*s not matter how qualified as one has to be LICENCED with a number registered with the FCA. On Twitter, one particular chap liked to say over-valued just because he fancied it in his blogs-I am sure he got a KNOCK on the door and he has also stopped it and so have the OTHER bloggers as they dare not mess with "VALUATIONS". Can only be the authorities [UK] who gave them a tingle ie contacted them if they did not know about LICENCING. I provide therefore, the BALANCE by providing the whole range from LICENCED professional and from premium Tier 1 bankers.

It is with regret it always comes to this point - on London South East, eric no longer posts on Solgold forum as there was such a hoo ha when pi*s went to the London South East and they also wanted to know if he had a licence no.
eric never replied.

So, I had to make my position clear as to why I DO NOT STEER away from this safety line by making up valuations but rather to follow the FCA rules relating to valuations. This is now also clear to all on Twitter.

I trust this explains matters. J.L Sun, 18 Oct 2020.

[pecker1] 18/10/2020 19:21

I agree about not getting carried away. But this should not let us fall into the trap of undervaluing assets.

At Porvenir, Solg is currently drilling target 15 at Cachaposa. The graphics in Jason Ward's must see presentation (Porphyry Waveriders) show that next to, and just to the right of target 15 is target 16. Then to the South West of these is the Bartolo target and a further nearby "new" target further South. So four separate porphyry targets. As Jason says "they come in clusters". It is possible that the onsite geologist teams doing the groundwork at Porvenir (soil and rock chip sampling, auger drilling etc) may come up with even more targets.

But let's just stick with these four targets. Target 15 is already being hailed as a discovery: further drills will show how rich and how large it might be. Six more drills are on the way to find out.

If the drill results (grades and gold content) match up to the what the visuals of the drill core suggest than it's game on.

The other three targets should move up Solg's exploration priority list. Why? Because they are within a few km of each other. The possibilities for shared infrastructure, power supply lines, water supply, roads, process plants etc suggest the potential for huge economies of scale.

Apologies for being long-winded but my point is that the synergy from close-by deposits can have a 2 + 2 = 5 effect on value. So Porvenir deposits ultimately could be valued on a different basis than Alpala and not just because they could be at surface/less deep.

[lowtrawler] 18/10/2020 18:56

MK, the strange thing about Porvenir is that our share price did not respond in a traditional way. As DD has pointed out, most miners making a discovery have an immediate price surge which goes beyond realistic levels. Our price went up in a slow and steady way. The small retracement keeps us below realistic levels.

[mknight] 18/10/2020 17:59

Lowtrawler


DD and his friend Nasdaq were saying the same things at 23p .Now we are at 37.6 over 60% up from that figure because we have a new discovery at Porvenir .when the new discovery gets bigger as it will, the Sp will be 60p they will be saying the same again . Then after the next discovery at Río Amarillo or another we will at 90p they will be saying the same yet again .

They really are a waste of space , Solgold have 72 sites of which many of them could be Tier 1 at a cost of 2 dollars per Oz to find . The problem with DD is he cannot get his head around a company having more than one tier one project with the possibilities of many more and the value this will bring to investors .

[lowtrawler] 18/10/2020 16:27

DD, we don't need to get carried away here. We have had Alpala for a long time now and it's always had a share price value around £500m. We have progressed it to PFS now and it will start to become more valuable as a result. Assuming an underlying value of 40p, i.e. £800m is not outlandish or pulling numbers out of thin air.We don't yet know exactly what we have with Porvenir. It may be bigger and more valuable than Alpala, we should know in the next few weeks. If it really is 3x Alpala, we probably don't get 3x Alpala as a valuation because of the stage of development. However, it would assume a value greater than what we have for Alpala.In the next few weeks we will get a first look at Rio. I believe this is likely to be bigger than Alpala and may be bigger than Porvenir. Of course, at this stage it's all speculation and so nothing is built into our price for that.In 6 months time, what price will we be with 3 tier 1's, the smallest of which is Alpala? If this is the outcome, I personally cannot see a price below 100p and this is without bid speculation or further discoveries.

[dozyduck] 18/10/2020 15:57

jL. I have learned over the years to be very cautious of anyone's 'valuation' of a mining share. especially private investors'. (and especially the muppets on LSE) Why don't you post thir reasoning here ? (If they have any) There is no point in spouting a list of valuations by people who have no experience of them and thinking that will be the outcome. Especially dodgy are brokers''targets' based on NPV's. And why on earth suppose that Cronford's estimate is EXACT ? Its an 'estimate'. I see that you are being carried away in your initial excitement at finding Solg for the first time. I may be wrong. Some major might get carried away also - but only if he desperately needs to plug a gap in his production. But I don't think so. And whatever 'gold' Solg might have irt Barrick's is irrelevant to their market caps. What counts most is their respective costs to get it out and when and whether. Bucket shop brokers do what you are doing. They cherry pick certain metrics (out of hundreds)so as to bamboozle those who don't realise there are many others (often bamboozling themselves as well) that might show a different picture.

[mam fach] 18/10/2020 15:41

So nice to have sensible opinions her.
Bit out of the loop as away from home at moment.
LSE posters bn trying & trying to get share down but not been successful.
Have you ever heard such rubbish- NM aiming for retirement.
Ha! Ha! People like NM die with their boots on.
One correction to earlier post SOLG worth 779M not 779 Billion.
Well so far any way but us Solgers can dream.
GLA

[pob69] 18/10/2020 15:07

Both companies mentioned here SOLG $SOLG $SOLG.L #porvenir #cascabel #ecuador
but Cornerstone specifically in relation to Espejo which is the vicinity of Cerro Golondrinas protected forest $CGP

[jlondon] 18/10/2020 13:47

DD
We have been through this discussion before and I will just repeat this: the broker you mention is not giving out BROKER TARGETS - John Cronford has worked out the costs & NPV = how much it will actually cost & how much is the give to an acquirer = 50p.
Liberum said and Times reported that 55p is the price touted for potential acquisition sometime in Q2, 2021 BEFORE Provenir appeared & that changed things. So, at 37.8p, if an acquirer wants the shares it will require 45% PREMIUM [in 2 go] to potentially even talk = 44p. No doubt, the acquirer will have to seek investment bankers to work out the valuation or fair price for Alpala alone. THIS IS NOT BROKER TARGET but the valuation of Alpala. For this reason, BHP PAID 45P paying £45m [ M & A dept will have to do the cals and valuation for fair value].

N.Mather*s Dealers & Diggers released yesterday: he talked about RISING prices for gold & copper & he mentioned specifically about MONEY ISSUANCE - the American stimulus and debt has reached $27 trillion. The head of the IMF has released a short release: "A NEW BRETTON WOODS MOMENT" by Kristalina Geogieva, MD, IMF, Washington DC dated 15 Oct 2020. It starts with "We expect 2021 DEBT LEBES to go up significantly - to around 125% GDP in advanced economies, 65% in emerging markets...Beyond this where debt is UNSUSTAINABLE, it should be RESTRUCTURED WITHOUT DELAY -G20 discussion for SOVEREIGN DEBT RESOLUTION including private sector participation." Rings any bells: "BRETTON WOODS." Yah, Twitter is now discussing this and their LIFE-BOAT.

So, let*s be clear: Sun, 18 Oct 2020 - REAL TIME - REAL SHARE PRICE/MKT CAP
1] DONLIN is a gold project in Alaska going through regulatory processes. It is 50%-50% JV betweeen NOVA GOLD RESOURCES and Barrick & has a 39 MOZ GOLD DEPOSIT.
Nova Gold*s share price is US$11 with a MKT CAP OF US$3 . 6 BILLION on the American NYSE. So Nova has 19.5 MOZ GOLD as their 50% share.

2]GGP- Havieron - NO MRE YET. Last report by Numis etc 4.4MOZ GOLD. GGP*s MKT CAP is £ 8 6 0 .95 million at 22.2p. HAS IT DROPPED BACK? Yes, it has from 22p to 20p and now back to 22p as it awaits Scallywag etc drilling [test] results. The share price is what is termed as MARKING TIME. GGP signed away 70% in total and for 30% share in Havieron, it is trading in REAL TIME at £860m - therefore it is implied that for 100% share [if GGP had not given away 70%] = £ 2. 86 B I L L O N.

3]DE GREY - HEMI, another much talked about gold ore body hoping to potentially prove 5 MOZ GOLD but MARKET CAP A$1. 66 BILLION at A$1. 66 BILLION.

VERSUS
SOLGOLD - official Tier 1 Alpala, awaiting PFS with 22 MOZ GOLD plus copper, silver etc and MATHER said via @Mining Journal that Alpala is 85 MOZ GOLD EQUIVALENT.

I posted that Barrick Gold [Warren Buffett invested in] has a MKT CAP OF US$49 Billion with some 200 MOZ GOLD in total. I stated in my last reply that the US GOVT reserves of gold is 261 MOZ GOLD.

From the Nick Mather interview from Diggers released last night, if I read the notes it would appear that they will be finding more TIER-1*S AND PROVENIR IS THE START.

From the Jason Ward*s presentation also just released, he showed the chart for PROVENIR [Oct 2020 Solgold presentation]. Hole 1 goes into the system but in the main outside ie periphery mentioned in the RNS of 1 Oct 2020. Hole 2 goes into the side of the ore system and then the empty part because it is like 2 beans stuck together and then into the system again, hence why Mather said at Diggers, he is waiting for Hole 2 results.

Hole 3 GOES RIGHT INTO THE SYSTEM - sweet spot and Hole 4 goes through like Hole 1-2 but on the left side of the system. SO 4 HOLES WILL TEST THE SYSTEM AS THEY CROSS AT STEEP ANGLES INTO IT.

RIO AMARILLO - Mather said [and Jason Ward ] it is like Alpala via the slides. share price Angel said they are looking forward to the FIRST DRILL.

Yeah, the experts can tell. David Lovell the acclaimed geo who discovered Escondida said 1 hole is needed to tell but I believe for Canadian rules, it needs to be 4.

Mather said at Diggers that BHP may or will realise that ECUADOR is like Chile. Mather has said that BHP came into being with Escondida discovery in Chile.

If Solgold does not react to news of PROVENIR, RIO AMARILLO & possibly Celen mentioned by Mather & J.Ward [2km x 1km porphyry - Alpala is 2.2km] plus FUNDING [Mather gave details of where they were up to re: Diggers released yesterday] and moves according to stock market rule: TRAVELLING IS BETTER THAN ARRIVING, then it will be BUCKING the norm. If so, then NOVA GOLD, DE-GREY & GGP will not be trading at MKT CAPS OF BILLION/S not millions. Solgold has a mkt cap of £779 billion @37.8p.

SEABRIDGE Gold is also trading at US$1.3 Billion [US$19.46] on the USA NYSE. It has a PFS only.

So, sorry NO CO IS TRADING IN REAL TIME [checked all for Fri close] AT BUTTONS but rather with MKT CAPS OF BILLIONS, not millions for GOLD or GOLD EQUIV that is LESS THAN SOLGOLD - FACT.

--
Fri, 16 Oct 2020 - the market could NOT PUSH the share price down as there were no green horns that get easily frightened by the same old stories which is now no longer repeated as everyone has seen that it was not correct.

However, free to try. Certainly, it wont work on London South East and it wont work here on ADVFN given we are old-timers in this stock, some from Day 1 of the begging of the start of Cascabel. Re: money printing and now admission from IMF that debt levels are now more than GDP by 135%, well, life-boats include gold and bitcoin per Cathie Woods latest video inteview. I wont be buying gold to put under the bed so like Warren Buffett, I look for ore bodies esp Tier 1 with gold and copper and silver to hedge the gold, silver and copper price vs money issuance risks etc. For others, they have to think their own strategy, no same rules for everyone as to what ASSETS they want to hold - I am NOT PRIVY to what the IMF & G20 will be doing as to the IMF*s: "A NEW BRETTON WOODS MOMENT."

J.L Sun 18 Oct 2020 at 1:50pm. Not editing so excuse typos. Got to get tea ready and besides its Sun. The only people worried is the synthetic stock issued without actual shares in solgold or shorters. Otherwise, like all the other stocks I mentioned whether on ASX [De Grey] AIM [GGP]or American NYSE[Seabridge-Nova Gold] etc are not plunging as being intimated so thesis not upheld by real time market and they have been at these levels FOR SOME CONSIDERABLE TIME.

[lowtrawler] 18/10/2020 10:34

DD, all of us are in uncharted territory. There has never been a small independent with 3 tier 1's and possibly more to follow. Sit back and enjoy watching it unfold.

[dozyduck] 18/10/2020 10:10

jl nothing you have written or has been written by brokers obviates the possibility I have outlined. Brokers always speculate about deals - juicy for them. Its how they make their money. The 'discovery curve' is always special to the situation as punters 'speculate - usually to unwarranted levels' about value from a scratch start. It ALWAYS falls back as the realities and the costs and the timescale increasingly looms. This SOLG situation is unique - which your research doesn't recognise and which is old hat to the old stagers on here. Why do you suppose that 40p resistance level is so strong ? And as for mkns level 2 crystal ball - it didn't spot the retrace did it ?

[mknight] 18/10/2020 10:01

Exactly lowtrawler .

[lowtrawler] 18/10/2020 09:03

MK, at our current share price, we are a complete no brainer. Alpala alone is worth more. You would have to believe Porvenir turns into nothing and we fail to make discoveries elsewhere for us not to go up from here.It's a little early to say just how lucrative Porvenir will turn out to be. Early indications suggest it to be larger with richer mineral content than Alpala. It may also be capable of some open pit mining. We need more information to validate these points. We should have a good indication by the end of this year. If all 3 points are confirmed, Porvenir will become more valuable in the share price than Alpala even before MRE.I remain convinced that Rio Amarillo will be a major discovery. It's running 6 weeks behind Porvenir and so next month I'm hoping we get another boost to the price. In my view, it has the potential to be even larger than Porvenir.Taking a base price of 40p for Alpala, we can all do the maths on what Porvenir and Rio could mean if they are both larger. We are not talking years away, we are taking weeks.

[mknight] 18/10/2020 06:39

In a few months we will have as lowtrawler has said 3 tier 1 projects .

Alpala Porvenir and Río Amarillo

Anybody telling you the price will stay around these levels is a liar . Think about it . 3 tier 1 Cooper and Gold mines for less than a billion .

If Alpala is worth 40p less than anyones estimate then all we need todo is múltiply that by the size of each mine .

So if Porvenir is 4 times the size of Alpala then we have 2.00 if Río AMarillo is 3 times larger than Alpala then we have 320 . NM expect to find 3 more the we are at 460.

So please dont believe some of the deramping sugar that is posted on here they do it for a reason , if you check their previous posts you will see that.

Buy or Hold and watch your money grow .

I bought in at as most know from 16p all the way down to 10p and up . I have more shares now than before.

NM is a fall a sleep speaker by nature Watching him speak at the Diggers and Dealers you could see how Excited and proud he is about Porvenir .

So get out there on Mnday morning and buy what is one of the cheapest mine shares out there .

All in my and NM,s opinión

[jlondon] 17/10/2020 23:26

"Competitive bid situation may develop for Solgold."-FT, 3 Oct 2018 [Reference article] - By Neil Hume.

"If there is one thing the world*s biggest co*s can agree on it is that the copper market is heading for a big deficit over the next decade.

Rio Tinto sees demand outstripping supply...in 2025 because of declining ores, a dearth of NEW DEVELOPMENTS as well as increased demand as the world move to cleaner forms of energy.

Miners are attempting to PLUG gap by drilling either directly OR INDIRECTLY- BIG INVESTING IN JUNIOR CO*S. Last mth, BHP acquired a 6.1% stake in SOLGOLD...that analysts say has discovered one of the largest and high grade copper deposits IN THE WORLD in Ecuador.

Liberum said a bid situation may be on the horizon - CONSIDERING THE SCARCITY of copper ore bodies with Alpala size and grade and with Newcrest and BHP on the register, we think Solgold*s valuation needs to be framed in terms of its utility to AN ACQUIRER, said Liberum*s Richard Knight as he set a 69p target."

--
Fast forward: Liberum has stated that a possible offer for Solgold in Q2, 2021 at 55p and also reported in the Times. Further Liberum has also said in recent days that they could possibly add 50p for Provenir [pob posted on CEO.CA CGP so pls check].

BHP*s M & A team*s value for Solgold was 45p at the time of their investment which was in the earlier days {Fair Value}.

John Cronford of Masterinvestors said 50p taking into a/c the NPV, costs etc.

SO, BASE PRICE IS 50-55P just for Alpala. Share price 37.5p.

I have just posted what Goldman Sachs has said about "SEVERE DEFICIT" in copper and few and far between re: discoveries a/c to S & P.
--
BHP has signed a STAND-STILL AGREEMENT to 19 Oct 2020= WHY SIGN A STAND-STILL IF NOT INTERESTED IN ACQUIRING? Why would BHP buy 13% and was keen together with Newcrest to want to participate in a raising but instead Solgold turned to Franco Nevada for $100m? Ya mean they just throw $45m at 45p [BHP] just to have a 13% stake ie passive given the lack of big discoveries. N.Mather said there are 3 projects in the world ahead of Solgold ie Pebble [Northern Dynasty] & Kamoa-Kakula which is under a Chinese JV with Friedland. Pebble has regulatory issues ie Alaskan salmon etc and has yet to receive ROD.

Hannan mentioned that Alpala PFS would be a CATALYST - norm.

Well known that the DISCOVERY curve is the most eventful in terms of price rises and this is the seminal work accepted by the whole mining investing industry ie Life Cycle of a Junior Miner. Sprotts investing is based on this premise.

So, for Provenir - Solgold*s share chart for Alpala does NOT support the theory that it is not so per Life Cycle of a Junior Miner and that travelling is better than arriving.

IF TAKE-OVER is thwarted due to inability to gather the required proxy fight to ensure if so, then Solgold*s Nick Mather is happy as he ended the Dealers & Diggers Conference Presentation with becoming a major and he talked of the $3b funding and what is happening on that front. This is also his vision per his interview with Mining Journal @2020 "Vision: Emulating growth prospects like Fortescue."

So, that is the real world accepted by the mining industry and by Wall Street on which investing is based on.

J.L 17 Oct 2020 No time to edit - time to have a cup of tea and bedtime.

Did Cornerstone not say that ALPALA is the ONLY TIER 1 NOT IN MAJORS HANDS?

[dozyduck] 17/10/2020 22:42

Lets have a bit of contrary thinking. Mining take-overs are not like others where businesses are already established. Without the Cornerstone gadfly, NCM and BHP would be happy to see Solg continue to spend on development, knowing the end cost to them will probably be cheaper with less risk. With Solg shares more or less locked up. no one else will come in, so they'll not be in any hurry to bid. CGP on the other hand can't sit and wait, so will try to stirr it all up. But they might fail at that if no major will play ball. It will take another year probably for Porvenir et al to have a marked effect on the share price (Alpala DFS probably not either) - and meanwhile NCM and BHP will want to keep it low, so as to step up with funding pro-rata (by Q2/21) to keep exploring but as cheaply as possible to them. So no juicy bids for Solg - YET if at all.

[alwaysevolving] 17/10/2020 21:08

Great stuff Pob69. Your time researching and typing up your findings is very much appreciated.

Some of the highlights you outline are simply mind blowing!

ThankYou