Solgold Share Discussion Threads

[charlieeee] 23/10/2020 22:28

Why Newcrest (or any other major) who could have bid for Cornerstone any time in recent history?

Why not BHP, just released from their shackles?

With Cornerstone, BHP (or Newcrest) would be close to/over the 20% mandatory bid level in Canada (30% in the UK), but without having established a price for the Solg shares.

Interesting times and perhaps the Cornerstone price is just responding to the rumor mill.

[bogotatrader] 23/10/2020 21:37

MK. I have done equity dealing as a job in the past but not Market Making so do not know any of their codes

[mknight] 23/10/2020 21:22

Bogotatrader

Yes everytime a 111 trade goes through or a 1 or 11 they think its the mm,s sending a code to each other that news is due .

Cant believe the plonkers everybody knows its 474😃👍;

[bogotatrader] 23/10/2020 21:03

One or two punters on LSE mention possible press comment over the weekend re SOLG

[mwv1] 23/10/2020 20:46

Nothing new in the presentation, aiming to have conditional financing alongside PFS. Still excited by Porvenir and rest of the portfolio.

[pob69] 23/10/2020 20:10

The Red Cloud session was held though I was unable to watch it and it appears no one here did (sigh!). The messaging during the event which I was able to pick up afterwards when I logged into the "run the world" platform confirmed it happened and that it was a pre-recorded presentation, the slides being the ones I highlighted previously.

[mirabeau] 23/10/2020 19:51

Cornford, 14 Oct 2020 -

'As for other developments, they could be many. For a start, as I write Cornerstone’s shares at $6 Canadian dollars with a 1.71 C$/£ exchange rate are well below the value of Solgold’s bid – due for acceptance by Oct 14th – indicating that Cornerstone’s management will persuade shareholders to reject it. That can only be because they have some dastardly plan to foil Solgold’s attempt to unblock its hold on 15% of Alpala, and perhaps to call the EGM it has threatened to do in order to oust Solgold’s present management. Alternatively, the market is expecting Cornerstone to sell itself more dearly to someone wanting those Alpala and Solgold holdings.'

Newcrest to take out CGP?

[mknight] 23/10/2020 19:47

6.38

91k

Up 19%

[itsyou] 23/10/2020 18:57

Volume is 75k, not whatever million!

edit : Plus no off order book volume reported yet


Newcrest?

[jlondon] 23/10/2020 18:56

CGP $6.48 now delayed +20.9%
===
Isnt the Red Cloud Nick Mather interview to be released at 7pm, Fri, 23 Oct 2020? - Nothing, checked everywhere ie on Twitter, CEO.CA etc.

No, Crux Investor interview with Solgold either - checked on Twitter.

Rather strange?

[jlondon] 23/10/2020 18:45

CEO.CA CGP
@AldenTyrell -" $6.40 @discoveries YUGE VOLUME."

They are buzzing Irwin & Willem
===
I just checked the volume: "Average volume 25,642. Volume now 72,168 but this is still a bit delayed. At $6.35, it is +18.5% [delayed]. Real price is $6.40 as above.

[mknight] 23/10/2020 18:40

Up over 20% now . All good for Solgold

[mirabeau] 23/10/2020 18:34

Corp action at CGP? The buyer of CGP may reveal the future owner of SOLG

[dozyduck] 23/10/2020 18:16

"Volume is modest but then that*s the only thing holding this back based on L2

Dear oh Dear ! What an illustration of naive, muddled, wishful thinking !

Its because NO -ONE wants to buy ! -Dummy !

[mirabeau] 23/10/2020 18:11

Up 17%..something happening at CGP

[jlondon] 23/10/2020 18:10

Cornerstone Resources
Sudden jump to C$6.19 +15.5%
Now $6.25.
CEO.CA CGP people like jumping beans.

hxxps://ceo.ca.cgp
London time 6:10pm so quite a long way yet to Canadian closing time, Fri, 23.10.20

[lowtrawler] 23/10/2020 16:38

Roundly, they have enough financing to drill 30 holes. Assuming Blanca and La Hueca use up 5 of those holes, it leaves 25 for Porvenir and Rio Amarillo. A MRE takes about 16 holes and so we will need to finance again before an official MRE. My guess is a funding RNS within days of announcing Rio hole 1 results.

[lowtrawler] 23/10/2020 16:28

Next question is how much will they need to raise if they have Porvenir and Rio both needing a PEA? In my view, they will need to raise around $100m. Let's hope the share price is substantially higher when they do it.

[lowtrawler] 23/10/2020 16:14

I'm still dreaming, let's say:

1. The outline financing indicates shareholders will retain 60% of Alpala earnings / NPV while the PFS shows a like-for-like NPV of $5bn (ignoring gold price and discount rate changes). If I'm correct that our share price currently assumes 30%, it could add 20p or more to our price.
2. Porvenir assay results exceed Alpala at it's best. With the larger projected scale of Porvenir compared to Alpala, and applying an expected 60% income retention instead of 30% (see above), it could add 20p or more to our price.
3. If the Rio initial drill is announced with the same excitement as Alpala (and intention to add 6 more rigs etc.). It could add 15p or more to the price.

I know I'm dreaming, but........

[thelung] 23/10/2020 16:11

Any of you looked at the Big One which should start to be drilled by CCZ next week in Oz?

[lowtrawler] 23/10/2020 15:39

I see what you did there......

[rougepierre] 23/10/2020 15:32

Rio is the big one....

[lowtrawler] 23/10/2020 15:08

Rp, makes a change for me to inspire questions rather than nausea!I see SOLG as a joint copper and gold play with some silver thrown in.I've made enough posts about where I think our step change pricing is going to come from. I might be wrong but, at the end of the day, we are still valued less than what Alpala is going to deliver. That means, we currently have Porvenir for free and I hope Rio is about to join the party.

[jwafc] 23/10/2020 14:57

I came for the gold but stayed for the copper ;)

[mknight] 23/10/2020 14:45

Mirabeau thanks .