Solgold Share Discussion Threads

[lowtrawler] 25/10/2020 08:52

JL, thanks for those comments, very interesting. I'm not sure this is what lead to the CGP price increase though. CGP would be positively impacted by the holding they have in SOLG but a better way to take advantage would be to buy SOLG. The SOLG TSX price did not spike.We have had terrific surface rock saw samples for Rio Amarillo before but I don't recall seeing anything at that grade. It's one of the reasons I'm so confident on Rio being huge.

[saturdaygirl] 24/10/2020 23:15

Lt

I`m watching the bottom fishing
Thanks for your posts .

[lowtrawler] 24/10/2020 22:47

Regarding the CGP price increase and my comments earlier. I suspect that SOLG intend to monetize Alpala in a way which provides CGP an escape route. I estimated the SOLG offer to CGP as being the equivalent of an Alpala value equal to 50p in the SOLG price and so for CGP to find any deal acceptable, SOLG should be receiving more than 50p value for anything arranged relating to Alpala. Deep breath.

I expect SOLG will need over $800m to take 2 finds (Porvenir and Rio) through to BFS. Thus, I expect they want to generate at least $800m from Alpala. A 50p value per share equals over £1bn and so should do it. The excess funds can be used to complete regional exploration at our other sites (once licenses are granted).

[saturdaygirl] 24/10/2020 22:40

Leicester

About as far from a trawler as you could possibbly get !

[lowtrawler] 24/10/2020 22:33

It strikes me that we are simply spectators in a sporting crowd. We all have an opinion about how our team can improve and what it should be doing differently. The decisions are made by the team on the ground. As spectators, we can very occasionally influence the decision, if we are unified, but we are not.

Our team has a huge asset value and it is growing that asset value. As with all competitive sports, the big players will try and take our best assets away from us. If we retain the assets, we may join the big players (Leicester City anyone?).

[dozyduck] 24/10/2020 19:12

"LSE ARE SAYING" ! Dear oh dear ! The numpties speak !

[mknight] 24/10/2020 18:59

JL

Do you think someone is going to sue you ?

Why do you put a disclaimer on nearly everything you write imo is good enough

This could be 60p on Monday lse are saying probably more maybe 200

🥂🍾🍾🍾8266;🔊Ԃ66;🎅🎅;🎅

It could be but probably wont be imo

[jlondon] 24/10/2020 16:22

"Analysis: Make money from metals boom in Latin America."-Money Week. 19 Oct 2020.
hxxps://reader.moneyweek.com/2020/10/19/analysis-109/pugpig_index.html
Attribution with thanks to lutho on London South East just posted [top of forum].

"Money Week: Analysis: Tips: Solgold is the only Ecuadorian pure play. The firm*s main target is 85+% owned Alpala, which will become the country*s BIGGEST MINE when it begins production in 2025. Despite its name, Solgold is more of a play in copper than gold. Not possessing an operating mine makes Solgold risker than Lundin, but it also has more upside. It is the largest exploration concession holder in Ecuador. The share price has increased 60% since the end of Sep on the back of RECENT DISCOVERIES at OTHER TARGETS. The Big Risk is getting the FINANCING to build its multi-billion mine. But given the SHORTAGE OF QUALITY GOLD & COPPER PROJECTS, it seems likely MAJORS OR THE MARKET WILL SUPPORT IT. Indeed, Australian majors BHP & Newcrest have already bought big stakes in the firm. Even though it has doubled since I tipped it in Oct 2019, at the current price of 4 2 P , you will still be getting a DISCOUNT on the 4 5 p BHP PAID IN 2018."
--
My Comment:
That*s all from me. What I said Mather said about the size of Alpala and the base price of 45p. On the London South East Solgold forum there is no more discussion on the top of the page after the above and Z*s short notes from Mather*s latest interview wherein they are looking for an upward price. So, it will be either the holders of London South East vs ADVFN that will dictate the move. History tells us that all the traders have taken profit and are out of the Solgold & CGP shares. Hence, the rise back up from new bulls etc on Fri, 23 Oct 2020 in Solg & CGP shares. JL Sat 24 Oct 2020.
==
"Visualising the life cycle of a mineral discovery"-Visual Capitalist hxxps://visualcapitalist.com/visualising-the-life-cycle-of-a-mineral-discovery/
Money Week in tipping Solgold appears to suggest they are cognisant of the life cycle, so 2 PLAYS here: [1] Digging in, Speculation, Discovery [2] Orphan period [happened already in the low 20*s. [2] Next upward climb on the chart as tutes etc come in pre-production and then mining. Seems like Solgold is STARTING up again, the VALUE THROUGH DISCOVERY stage again [Porvenir, Amarillo etc] in addition to the upward chart for pre-production in the life cycle = 2 plays at the SAME time happening?

[pecker1] 24/10/2020 15:37

LT, re your post 26551.

Excellent post: agree that the majors are likely to tread warily - if they have any sense. So hostile takeovers of Solg unlikely to be on the agenda and could go down like a lead ballooon as I have said in a previous post. Porvenir with its possible porphyry cluster and Rio could soon become more suitable commercial vehicles for NMs ambition in Ecuador while retaining a free carry interest in a multi company Cascabel development.

[jlondon] 24/10/2020 15:00

LT
If you read the situation since day 1, one will know that there had been clashes before and that activists everywhere [Tier 1 or otherwise eg Alaska Pebble] will try to induce fear without reason. This is now common everywhere including Ireland but as said, nothing has happened.

In terms of Pebble, the mine is 100KM FROM ALASKA BAY. I have seen the fly-by and all one sees is mountains and Alaska Bay is no where to be seen ie salmon.

I dont want to mention about activists and their role as its too long-winded but they need funding to carry on.

I think that if you feel that way, then you have to re-consider your position.

I read Chris Temple on CGP & Solgold - he said that BHP has had to build a desalination plant to bring in water for Escondida [Chile] to the tune of US$2.5 billion from recall. Hence, why they want to own Cascabel, No 3 in the world.

We may want this or that but as long as Mather is in the driving seat, he will do what he wants as his vision and strategy. That is the crux of the story. We are nearing the catalyst now for Alpala and it needs moving on, on all fronts.

So, come Mon, lots to think for those who did not think about all the issues earlier. As for me, I have seen all the issues from Day 1 as this and other issues have cropped up in the early days of Alpala. The Alpala project is now nearing FUNDING ie 2021 & INDEPENDENCE as a co or be taken over or JV*ed which Mather said No to in an interview. Whatever happens, one will know shortly.

LT- Mather has just said in his latest interview that "everyone" [just a term] has heard of Solgold*s Alpala and that in Porvenir etc, they have to start community engagement. People do understand or will come to understand that Uncle Nick is not a multi- billionaire who can just write a cheque from his current account to the tune of billions. If he manages to gain funding, then Solgold can continue its independence provided there is NO PROXY fight. I am sure one is aware of the grumbles of hiring 700 people - yes, a good employer needs millions.

As for the BHP*s of this world, there are very few projects as I stated given No 1 Pebble has not got the ROD with political issues, No 2 Kamoa-Kakula is with the Chinese and No 3 is Alpala. So, where do they look next? All these questions is to be answered by us individually.

Have a good weekend all. JL, Sat 24 Oct 2020

[lowtrawler] 24/10/2020 14:49

JL, my point is that the local communities have far more power than you would expect. If you don't have their support, you won't get your mine built. Although the Constitutional Court has confirmed it won't overturn licenses already granted, additional licenses will be required to go into production.

Central Government legislated a few years ago to try and give themselves the power to grant all the licenses required for mining. The recent Constitutional Court ruling takes away the water licenses from Central Government and hands them to the local communities. This is why SOLG has 700 local workers and spends huge amounts of time, money and effort engaging the local communities.

My understanding is that the local communities have a deep mistrust for major mining companies and it is why the majors have largely stayed away from full ownership. This will be a consideration for any major looking at SOLG as a potential bid target. They may prefer some sort of JV with SOLG continuing to front the operation locally.

I previously posted that one of Nick's stated reasons for not wishing to sell Alpala is the breach of trust that this would cause and it may then impact SOLG's ability to successfully operate elsewhere in Ecuador. I suspect Nick believes that if SOLG are granted licenses by the local community, having built their trust, and then sold them onto a major, it will impact their ability to get such licenses in the future.

[jlondon] 24/10/2020 14:29

LT- This matter has come up from day 1 on London South East by one poster taking verbatim everything on an activists site & not posting a balanced view {Day 1 of Alpala below 2p]

These are not just international rules & interpretations as I quoted the last part from the 21 Sep 2020 Constitutional Court of Ecuador upholds legal rights of mining concession holders. So, it has to do with mining agreements already signed.

The reason why I posted is in order for the reader to have a BALANCED VIEW - one feels that local courts can overturn central govt legislation in Ecuador, then the reader must sell all their shares in mining co*s exploring and mining in Ecuador.

Even for majors, not all their mines are in Tier 1 Western Jurisdictions. I was having this same discussion on CGNR - they talked of the opposition minority will stop mining in Ireland. The election is over and nothing has happened. Ireland is a Tier 1 jurisdiction and so is Alaska [Pebble].

So, for me, the lithmus test is whether at the end of the day, will these agreements be nullified by "expropriation"? If the lower courts of Ecuador over rule the Constitutional Court of Ecuador and the govt, then it will tantamount to "expriopriation" in reality - all LEGAL AGREEMENTS SIGNED by the govt are rescinded by the lower courts and by jungle law.

Yes, that can happen in theory but then it means that Ecuador can no longer borrow on the international markets as in turn they will be defaulting on the loans they borrowed ie borrow money without any MEANS of paying. So, a lot of ripple effects which the activists have not seen or dont want to see?

Its the same in the States now isnt it. Antifa are going round saying they want people*s houses etc despite property rights. Same application here of the rule of the jungle over rule of law.

So, for the avoidance of doubt, readers must judge for themselves. I have looked at the countries in which some of the majors operate in and it looks balanced towards non-Tier 1 in many cases.

Fortescue-A.Forest has just gone to Afgan, Pak.. and other such places in search of growth as they need new projects that are big and rich.

So, something to think about over the weekend as this topic started in 2013 on London South East Solgold forum when few were investing. Since then, it has moved on. Even if local communities support any project, the activists can still stop the projects by blocking the road entirely or like UKOG, they lie on the road and build camps in the UK. That has stopped now with the Court case and activists jailed. So, come a point in time, we shall have to see what happens if Ecuador is the norm or the exception? One will have to decide for oneself.

[lowtrawler] 24/10/2020 13:31

JL, apply all the international rules and interpretations that you want. The fact remains that local courts can overturn central government legislation in Ecuador. The local areas are unconcerned if that opens up central government to legal claims or bankrupts the country.

[jlondon] 24/10/2020 13:20

"Could a forest halt Ecuador*s Mining Projects."-BNA Americas yesterday as above.

Quote:
"Benalcazar warned that if the constitutional judges interpret mining in a restrictive way, the state will FACE INTERNATIONAL LEGAL CLAIMS, in addition to a slowdown in investments." [Former Vice-Minister of Mining].
---
My Comment:
I had earlier posted that any referendum will NOT be applied to any GRANTED licences.
I cite the case of Pebble which has not yet received the final ROD as its awaiting the mitigation plan from Northern Dynasty by Nov 18,2020. If the final permit is granted and a new President comes in and he is not in favour of the project to protect the salmon, then it is said he has to "EXPROPRIATE" Pebble which will have implications for investments in Alaska besides international arbitration. Nick Mather mentioned Pebble as it is NO 1 currently as the largest undeveloped copper-gold-silver-rhenium project. Mr Mather said that it has "regulatory" issues from recall. No 2 is Kamoa-Kakula - this was also mentioned by Mather but this is under a Chinese JV with Robert Friedland leaving only Cascabel as the No 3 in the world, hence its significance as a free project.

Same with Europe Metals lithium project in Czech Republic. On the London South East one chap talked of the Communist day and night and the risk of a minority. On Czech Radio and amongst the political discussions, it was revealed that if the govt decided to "take" the project [polite way of saying it], then it will be going to international arbitration involving millions. In the end, a Czech major utility co paid Europe Metals double their share price to take a substantial stake. Why double? Fair valuation report as is norm.

So, in Ecuador, be it the present govt or next govt, the legal standing is that Ecuador signed these agreements and granted licences to many co*s including BHP, Anglo etc and should they not want mining, then it would go to international arbitration and it will affect investments etc including defaults given their debt.

So, the above news has to do with Cornerstone etc. Thought it might be useful to keep that in mind. Yes, any country will have to bite the bullet and any expropriation will mean millions upon millions as the licences granted are a lot for mining. Ecuador*s income has been reduced due to lower oil prices and therefore the country has to find new income ie mining.

REF: "CONSTITUTIONAL COURT OF ECUADOR UPHOLDS LEGAL RIGHTS OF MINING CONCESSION HOLDERS." -Global News Wire,21 Sep 2020 ["Only apply to future mining rights NOT YET GRANTED.."] To read and check, kindly put the title into the search engine.

[lowtrawler] 24/10/2020 10:54

Mirabeau, you are trying to apply Western logic to Ecuador. The Central Government was close to being overthrown not that long ago because they were ignoring local communities. As a country, the local communities believe they should be superior to central government and their constitution largely supports this. It means that Central Government constantly has to appease what the local areas want. Essentially, if you want to build a mine anywhere in Ecuador, you need to make sure that the local community supports you doing this.

[mirabeau] 24/10/2020 10:14

Ecuador is bankrupt. It cannot afford to halt any mining projects. If it did the country's economy would implode and collapse

[lowtrawler] 24/10/2020 10:06

Rumours abound and will continue so long as SOLG is independent. We were the only independent with 1 Tier 1, it is highly likely we now have 2 and in the next few weeks, we could have a third. If this comes about, it is only a matter of when one of the majors pounces, not if. We should carry on proving up the assets, what others choose to do and when is up to them.

[pob69] 24/10/2020 10:02

This is my go-to source of info, this time of relevence to Cornerstone's Río Magdalena project in Los Cedros which doesn't seem to concern anyone here SOLG $SOLG $SOLG.L #porvenir #cascabel #ecuador $CGP

Could a forest halt Ecuador's mining projects?

[mknight] 24/10/2020 07:00

Charlieee the game changer is clearly Porvsnir. Alpala is very interesting on its own but now SOLG have struck Copper/Gold again its a must have .it is likely to be Newcrest as they already have a relationship with Cornerstone and have just opened a listing in Canada .Interesting to see that Canadian law states a company with over 20% must bid for the company .They know Solgolds value will only go one way so they lose nothing in making a bid .if BHP double the bid they will make a small fortune even if they donot end up with solgold or maybe they have already an agreement with BHP to JV .Either way it looks like Solgold wont make Christmas .