Solgold Share Discussion Threads

[mknight] 21/10/2020 08:30

Interesting day today what time will it get taken out ?

[greenelf] 21/10/2020 08:28

JV would certainly be prudent to mitigate development risk, at least on 1st mine ever for Solg.Market would welcome that muchos me thinks.

[mam fach] 21/10/2020 08:06

Looks like J/V. BHP & Rio Tinto ? Top class people on board.
Let's see if this will shift share price.

[wapping67] 21/10/2020 08:04

Hoping the offer of 3.5m at 37p is the seller advertising his final piece

[greenelf] 21/10/2020 08:00

JV it is then.

[mknight] 21/10/2020 08:00

Level 2

3.9m on at 37p . Wonder who owns that ?

A rather loud statement .

[mirabeau] 21/10/2020 07:55

O'Kane still works for BHP!!

Today 07:55


Kevin O'Kane is Chief Operating Officer & Senior Vice President for SSR Mining, Inc. and Head-Pampa Norte Division at BHP Copper, Inc.

He previously was Asset President at BHP Minerals Canada Ltd.

He received an undergraduate degree from Queen's University.

[mirabeau] 21/10/2020 07:49

RE: RNS - Today 07:48


''The Board of SolGold is completely cognisant that exploration and discovery will always remain the core key value driver for the Company.''

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Exploration and discovery as value drivers NOT production..says it all.

Explore, discover, prove up and sell to the highest bidder that releases VALUE

[mknight] 21/10/2020 07:38

Lowtrawler.

Its life the big fish often eat the little ones .


Then the shark eats the big fish .

Lets face it BHP were never going to let Solgold become a shark .🦈🦈🐟🐟
29416;🦈

[mirabeau] 21/10/2020 07:38

Mather was forced into these appointments by CGP who questioned the corporate governance culture at SOLG. These appointments are a response to criticism from an external source and not part of a strategic move on Mather's part to position SOLG

No one's trying to belittle anyone ffs

[lowtrawler] 21/10/2020 07:29

Look good appointments, strengthening the board. I'm not a fan for all this talk about BHP being a done deal. It diminishes SOLG and belittles what they are doing.SOLG are doing everything you would expect for a company positioning themselves to become a major producer in Ecuador.

[mirabeau] 21/10/2020 07:09

That's what I think. I reckon Mather's doing BHP's work for them

[mknight] 21/10/2020 07:07

RNS

Good to see we are setting up things nicely for BHP .

[mknight] 21/10/2020 06:43

Could be a good Christmas this year .🎅🎅🎅🥂
29346;🥂Ϡ4;⛄⛄c24;🔊🔊;Buy Slgold


☃️ύ1;️☃5039;☃️🍾🍾🍾🍾8039;🐧Ԁ39;🎅🎅;🎅🎅🤶🐕
28094;

Happy Christmas everyone .

[mknight] 21/10/2020 06:31

Now why would you appoint ghost busters

[mknight] 21/10/2020 06:08

BYE bye Solgold 😭😭

Or should it be

BUY BUY Solgold 😃👍


Remember it can come at 7am any morning dont get left out .


Thanks Mirabeau

[mirabeau] 21/10/2020 05:47

Just nicked this from Willem Middlekoop - today 05:47

Just now -

@discoveries :

Barry Fitzgerald downunder in MNN:

'Or could the BHP baulk at Olympic Dam be flagging BHP might be about to get serious about wrapping the Brisbane-based and London-listed SolGold in to the fold? Again, quite possibly.

The "event" that has just passed on that score is the expiration of a two-year standstill agreement, preventing BHP from moving on SolGold, the 85% owner of the Cascabel project in northern Ecuador, and 13.6% owned by BHP.

Cascabel is home to the Alpala copper-gold discovery (9.9Mt of copper and 21.7Moz of gold) and is what SolGold will tell you is the first of many big copper-gold porphyries to be found on the underexplored Ecuadorian section of the Andes copper belt.

To that end, SolGold recently announced that the first drill hole at its 100%-owned Porvenir property had intersected 893m of visible copper mineralisation from a depth of 16m. Assays are pending but SolGold says the drill hole is a "discovery" hole, and a game changer.

Alpala was interesting enough for BHP (and Newcrest which owns 13.57% of SolGold), with a preliminary economic assessment (PEA) putting its NPV post-tax at $4.4 billion, and the internal rate of return on a 207,000tpa copper and 438,000 ounce-a-year production profile in the first 25 years at 25.9%.

But now Porvenir has been added to the story, with another dozen or so high-priority targets yet to be drilled and with scores more to follow, such is SolGold's early-mover advantage in Ecuador.

"Our project is not Cascabel. Our project is Ecuador," is how SolGold likes to put it.

SolGold's market cap has grown 50% to £777 million since Porvenir's first hole success, and speculation around what the end to BHP's standstill could mean. Despite the 50% share price jump, SolGold's market cap remains well short of the PEA figures on Alpala alone.

So, has Olympic Dam's BFX lost its appeal compared a country-wide copper/gold play on offer through SolGold ownership, minus bothersome uranium to boot? Maybe, just maybe. Under that scenario, it is a win for Ecuador, a loss for SA. '



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paid for access which is a pain

[mam fach] 21/10/2020 01:03

Think they are bitter because they sold 85% of Cascabel in first place.
NM making a success of it.Don't think for one minute NM expected them to accept.
So much information we are not privy to.
Much prefer being holder in SOLG than CGP.
Wouldn't be surprised if there's another RNS due this week.
GLA

[swanvesta] 21/10/2020 00:47

mam fach, as far as I can see, CGP valued themselves via an imputed fair value of SOLG shares, but weren't willing to assign that same value to the actual SOLG shares offered to them. Wasn't that rather disingenuous, or have I got it completely wrong?

[mirabeau] 20/10/2020 22:15

Can anyone get full access?



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'Cascabel, SolGold's Ecuadoran jewel in the crown'..I can see this bit

[mam fach] 20/10/2020 22:12

Well worth reading that article.
Thanks pob69.
I found it hilarious .Hostile and VERY low ball effort to effect T/O of Cornerstone.
Newcrest dissatisfaction with Solg decision making under CEO Nick Mather.
Solg at least needs a change in attitude, if not management.
If you are interested read whole article.
Lucky NM has fans on this BB.

[bogotatrader] 20/10/2020 19:24

Cornerstone down 1.6% so far today

[mknight] 20/10/2020 18:25

Not sure they are going to give us a few weeks let alone 2 years .