Solgold Share Discussion Threads

[mknight] 30/10/2020 16:25

Gisjob2

It is but we had 2 sellers that we know of on our little BB so it mounts up .

In the next few month we will probably prove up another 45 million oz of gold at a cost of less than 30 million with a value of more than 8 billion . Throw in another 8 billion of copper .

I think its worth the wait .

[sirmoori] 30/10/2020 16:25

Election nerves.

[gisjob2] 30/10/2020 16:20

Really surprised at today's price action. This drop is unwarranted.

[jlondon] 30/10/2020 16:18

P O R V E N I R

No 2 in the world for an undeveloped copper deposit [Kamoa-Kakula of Rober Friedland fame] started at 30m. Porvenir starts at 15m. Alpala was not a surface deposit by strict definition.

There is a table of WORLD-CLASS INTERSECTIONS from all the world class deposits belonging to majors.

Alpala-Cascabel sits among them with all their various drill holes [too many to name] & RANKED No 10 , 11 , 13 14, 16, 19 ,20, 21, 26, 27 28, 29, 32, 36, 37, 39 & 40.

How are they ranked? By LENGTH of intersections and grade.

All the ranked Solgold Alpala intersections range between 1,560 metres and lowest is 664m [No 29].

All of the intersections from MAJORS eg Anglo American, Freeport, Ivanhoe for Oyu Tolgoi [now Rio JV] start from THESE SORT OF LONG LENGTHS AKIN TO ALPALA AS ABOVE.

So, Porvenir*s 900m of visual mineralisation per RNS [1st hole] would rank in INTERSECTION LENGTH at No 16 or any of the other ranked holes depending on the GRADES.

It is not everyday that one reads of co*s issuing RNS with such intersection lengths of around 900m and could be more to come if it reaches 1,500m at Hole 2 if it is still in visual mineralisation.

Given the orebody replicate in this part of the world, it is of interest as they do not have the headache of starting afresh to try to understand the geology.

Pg 16 of Solgold*s Presentation Oct 2020 - the ranking of Alpala intersection holes. hxxps://www.solgold.com.au/wp-content/uploads/2020/10/SolGold_Corporate_Investor_OCT22.pdf

So, indeed why share price Angel*s Conclusion is that assays will CONFIRM the grades.

So, history will tell us if Porvenir will enter the ranking of WORLD-CLASS INTERSECTIONS once the assays confirm grades in order to place this Hole 1 drill into this category.

Looking at the grades and intersections will help to ANALYSE THE COMING GRADES AGAINST ALPALA*S GRADES/INTERSECTION/S.

[jlondon] 30/10/2020 15:08

SP ANGEL: Solgold RNS, 2nd hole Porvenir, Fri, 30 Oct 2020:

"SP ANGEL: Conclusion:
After intersecting almost 900m of VISUAL MINERALISATION at its 1st hole at Cacharposa Creek,Solgold*s 2nd hole has penetrated OVER 650M OF SIMILAR visual mineralisation so far. Although assays are still awaited to CONFIRM the grades, the INITIAL SUCCESS of Porvenir exploration is prompting a RAPID BUILD-UP of drilling capacity in order to accelerate the exploration."

"The operational exploration capacity in terms of drilling equipment, geological & logistical staff built up during the evaluation of Alpala gives Solgold the physical resources to MOVE RAPIDLY & V I N D I C A T E S the exploration M O D E L which was fine-tuned at Alpala & which gives Solgold a d e e p insight into the GEO controls of MINERALISATION & into the the EFFECTIVE exploration management of its Ecuadorean project portfolio. We look forward to the initial assays at Porvenir."

--1st part:
"Early stage drilling will concentrate on "DEFINING THE GEOMETRY & EXTENT..."

"Test the CENTRAL & WESTERN Portions of the potential system INCLUDING the ROOT OF THE CORE of the system, which may extend deeper than 1,000m as indicated by 3D geochem modelling."

"More broadly, across Solgold*s 14 exploration targets in Ecuador, it is INCREASING OBVIOUS that the gross controls to OREBODY EMPLACEMENT in the Ecuadorean sector of the Andean COPPER belt R E P L I C A T E."
===
My Comment:
As said yesterday, the Alpala staff are nuanced & can rapidly go to a 2nd project. As above, the orebody appear to replicate so it would appear that the 14 exploration targets are well understood given the replication.

Using 4 drill holes, the purpose of the drilling exercise is to DEFINE the geometry & extent = the defines so it was not just to hit the core which in itself does not define the geometry.

SP Angel uses the term "INITIAL SUCCESS" & grades to be CONFIRMED. The core will not be all X grade as norm but a gradation and metres lengths accordingly.

[pecker1] 30/10/2020 15:08

Hmmm, what if we get an RNS first thing Monday am saying the Rio Amarillo rig is now on site, started drilling and is in mineralisation already?

[mknight] 30/10/2020 14:48

Yes mam

Probably NM has so much news for next week he had to get out the Rns today as next week was full .😃

[lowtrawler] 30/10/2020 14:47

Mf, exactly why I'm not selling.

[mam fach] 30/10/2020 14:37

If we were that good at predictions we wouldn't be here
we would already be millionaires!!!
Here's hoping this is the one.

[mknight] 30/10/2020 14:26

Or Bhp might offer us 75p .which is more unlikely but possible

Seems we have gone from 43.9 to 34.35 . Could go all the way bacjk to 26p but mihht go to 50p as well.

If as rougepierre has said we are worth 200 then to sell at 35p or whatever seems silly . It may pull bqck but it might not .

[lowtrawler] 30/10/2020 14:16

I will not be selling but there is a modicum of sense to doing so over the next week or so. The US elections, likely delay to our blockbuster news and overall market weakness all mean that we could see some price drift.

[greenelf] 30/10/2020 13:12

We don't give a flying poop.Too much detail always.

[mknight] 30/10/2020 13:12

It shows in the share price a few have sold or reduced today . Too much going on for me to sell . La Hueca .. Blanca .. Rio starting soon . PFS . Maybe even a bid for Alpala or the lot . Porvenir assays could come earlier than suggested etc plus rhe price is only 35p

An RNS could drop at anytime .

Yesterday when the Rns was registered the price shot up to 35.85 .. if they contained wonderful assays we might have opened over 45p One day soon that will happen .imho

[rougepierre] 30/10/2020 12:55

Just letting you guys know as a courtesy that I have sold the 269k we bought back in the last week at a small profit, thanks to the RNS....

If you're interested in the reasons, you can read my post on LSE, but basically...

I remember 2000...a contested election for 3 weeks...markets tanked because they hate uncertainty...

This is a very good story at SOLG and we will be holding our remaining 900,000 indefinitely, but for the time being I've banked the cash released from selling 1/4 at 42.7, leaving us very exposed to gold and silver as well as ATYM, ARCM, JAY, £150k of FTSE100 'high yielders' and SOLG...still by far the biggest holding of any share in my life...

But for the time being and even though it enabled me to fill my boots at ridiculous prices, I am reminded that on March 16 SOLG were 10p a share, despite BHP having bought at 45p...

AIMO as usual...

[arcadian] 30/10/2020 12:41

This reminds me of Alice in Wonderland. "Off with his head"

[mknight] 30/10/2020 12:37

Lowtrawler thats the way it was planned but i guess if it was that easy everybody would be hitting the core on the first hole which does not happen very often . You can imagine them all sitting around the table trying to work it out .

[lowtrawler] 30/10/2020 12:31

MK, the planned depth for Hole 2 is only 750m and so if they thought the core was deeper than that, they would have planned deeper. Yes, they may take hole 2 out to 1500m but it's unlikely to find the core at those depths. As you pointed out, the drilling diagram is very interesting as holes 1 and 2 go through the high probability geology whilst Rig 2 is skirting the high probability geology and really looking to test depth (that's my uneducated view anyway).

[mknight] 30/10/2020 12:24

Lowtrawler hole 2 is 600 odd meters down the core could be at 1000 meters so until they finish the hole then we need to wait . Like you i am guessing .

It would also seem hole 2 seems to be more Gold and hole 1 more copper

[lowtrawler] 30/10/2020 12:20

lcwanderer, the visual grades reported with hole 2 are lower or consistent with hole 1. They made a big thing about hole 1 having missed the core. If hole 2 had hit the core, I would have expected SOLG to say so.

[lcwanderer] 30/10/2020 12:12

What makes you think they haven't intersected the periphery of the core lowtrawler?

Meanwhile RNS confirms that ... "A second drill rig is planned to be mobilised to Cacharposa Creek utilising helicopter support later this week. The hole is planned to be sited approximately 230m west-northwest of PDH-20-001 with a view to test the central and western portions of the system, including the potential root of the core of the system."

[lowtrawler] 30/10/2020 12:08

I have no doubt they will eventually find the core. It is clear to me that they had expected hole 2 to do so and this has not happened. I don't know whether this means the core is larger, smaller or undetermined. From an investment perspective, there is an unhealthy concentration of opinion based on the highest grades found at any discovery. Finding the core would give us the headline grabbing grades and would help our price.

[lowtrawler] 30/10/2020 11:54

Go on then DD, tell us....

[mknight] 30/10/2020 11:53

Lcwanderer.

It actually says on the map . Higher probabilty and lower probability .

Rig 1 is targeting the higher probabilty targes

Rig 2 the lower probability targets .

The key is they may have the probability
The wrong way round or maybe they need to drill further to the right of the first drill hole . In time they will get there and have a better understanding .

[dozyduck] 30/10/2020 11:43

Some (many ?) on here seem to think the stock market is 'for valuing shares'. It isn't. Its a 'market' for people buying and selling shares, and not for buying and selling companies. At present its obvious no one of any clout is buying the shares - almost certainly because they know they won't be able to get a decent stake without pushing the price beyond what they want to pay. And that price would be well below what the fantasists on here think it should be. Why ? Because there is is a big capex committment for Alpala and a big spending committment to explore the rest. I suggest those on here should brainstorm 'what would be the catalyst for unlocking the shares ? - that no one else has thought of so far.