Solgold Share Discussion Threads

[pob69] 29/10/2020 16:52

Really interesting and considered report by long term Ecuador/Solgold/Cornerstone investor Chris Temple of the National Inveestor SOLG $SOLG $SOLG.L #porvenir #cascabel #ecuador $CGP

Covers the 2021 election and potential outcomes, Yaku Perez, delay to mining cadastre and recent court hearings and also the ENAMI/CGP Rio Magdelena case.

[rougepierre] 29/10/2020 16:41

UT 191526 at 35.85...excellent up 5.44%...closing at the high...

[lowtrawler] 29/10/2020 16:25

From tomorrow onwards, 2 of our blockbuster announcements could be published at anytime. Suspect everyone who wants to be in is now onboard so it's a waiting game.

[rougepierre] 29/10/2020 15:40

110p in old money...

Onwards and upwards...

Now 35.5/35.75...

35.65 to buy 1000

Bid firmly for 200,000 at 35.24

[pob69] 29/10/2020 15:19

Red Cloud raising Solgold TP in this interesting "Precious Metals Continue to Run: Updating Top Picks & Metal Prices" report SOLG $SOLG $SOLG.L #porvenir #cascabel #ecuador $CGP

We maintain our BUY rating and modify our price target to C$1.90 (was C$1.50) due to higher metal price forecasts. Our target is based on a 0.8x multiple of our C$2.38 NAVPS8% (was C$1.89). Upcoming Catalysts: 1) Alpala PFS results (Q4/20), 2) Alpala DFS results (2021) and 3) Exploration results

[bogotatrader] 29/10/2020 15:15

Edging up nicely now

[jlondon] 29/10/2020 14:55

Price moving.
Advertised 34.8p to sell and 35p to buy. Earlier, the highest to sell was 34.6p but never 34.8p as now.
Real price live: 34.844p to sell and 34.96p to buy.
2:55pm, Thur, 29 Oct 2020.

[goodgrief] 29/10/2020 14:48

NM sounds like a snowflake! :)

[arcadian] 29/10/2020 14:36

I`m glad that you didn`t vote for George.

PS I was only teasing before when you used Ecuador as a collective political entity as represented by the Prime Minister whereas in your second you disaggregated it into powerful often local interest groups which undermine/rival the power of the state.

Good though that NM spends on ESG and local participation.

[lowtrawler] 29/10/2020 14:31

I sent in my 200 postal ballots for Biden...:-)

[jlondon] 29/10/2020 14:17

DGR Global Ann [RNS] 14, Oct 2020: "Qtr Report."

"Focus on high grade world class copper gold porphyry systems at Cascabel in Ecuador. Cascabel is proximate to Quito and seaports, is at low elevation, and has abundant water supplies & access to hydro power."

"Exploration activities at a number of Solgold*s 72 concession...covid-19 have recommenced in June..."

"Drilling commenced at La Hueca to TEST LARGE copper gold porphyry target that is exposed at SURFACE."

hxxps://wcsecure.weblink.com.au/pdf/DGR/02293827.pdf

My Comment:

So La Hueca is also LARGE and EXPOSED at SURFACE. I read somewhere that the drillers were given shares and therefore they would do their best?

So, that could be a surprise?

Thur, 29 Oct 2020

[mknight] 29/10/2020 14:16

Alwaysevolving. Trump imho is a goner. 3 trillion put into the markets soon .

[goodgrief] 29/10/2020 14:16

This thread can do without the politics. The gold market will do just fine regardless of who wins.

[alwaysevolving] 29/10/2020 14:13

Very much depends on market sentiment then next week MKN as to whether said RNSs will have any positive impact on share price or not.

God help the markets if it’s a Biden win on Nov 3. Personally I think it will be trump taking the White House.

[lowtrawler] 29/10/2020 14:12

MK, 2 out of our 3 blockbuster announcements could be next week: Assay results, and; PFS / Funding.

We are likely to get less important announcements also: Hole 2 progress at Porvenir; Drilling commenced at Rio; maybe Blanca or La Hueca progress.

Given drilling at Rio hasn't had the commencement announcement yet - any Blockbuster announcement on that is likely to be 3rd week of November.

[mknight] 29/10/2020 14:03

NM next week will be in a position to bombard us with RNS,s should he choose todo so . I think he will keep it light so probably only 2 next week .

ECB in December will be starting up the money machine in December . USA will be throwing 3 trillion in after the election next week .

Gold will soar imho for the rest of the year . Markets love this money so will rise as well .

[mknight] 29/10/2020 14:01

I think the previous annoucements at around 2pm were more for the Canadian markets plus Cornerstone shareholders .

[wapping67] 29/10/2020 13:49

Think the clocks going back make 12.50 pm the new 13.50 pm

[jlondon] 29/10/2020 13:21

Would be nice to see an RNS for Provenir as nearing 1.50pm shortly,

[lowtrawler] 29/10/2020 13:19

Mirabeau, Newcrest came onboard because of their Cave mining expertise which will be needed for Alpala. BHP are here because, ultimately, they want to buy us.

[jlondon] 29/10/2020 13:15

LT
Snap, our posts crossed. Thanks.

[mirabeau] 29/10/2020 13:12

What's the purpose of BHP and Newcrest even being involved? I know both companies are miners and not equity fund managers

[lowtrawler] 29/10/2020 13:08

JL, I don't believe any figures other than cashflow have been published. The Alpala PEA indicated peak cashflow of $1.5bn per year but you would obviously be deducting depreciation and amortisation to get to anything like the PBT figure. I figured $500m was a conservative view on sustainable PBT.

It's much too early to give any financial views on Porvenir but it looks like being at least as good and probably better than Alpala. For purposes of the local communities coming on board, most of these areas have low populations with relative poverty and so $30m is likely to represent a fortune to them.

[the count of monte_cristo] 29/10/2020 13:08

Fascinating to read todays RNS from GGP, I don't hold any GGP but that assay result was something special. Looking forward to receiving the assay results for Porvenir.

Come of Washoe mining, you can make it big:)