Solgold Share Discussion Threads

[lowtrawler] 02/11/2020 14:58

MK, for whatever reason, I think the blockbuster announcements are all being stacked up for the 3rd week in November. We still haven't had a drilling commenced announcement for Rio, the assay results have been put back by 2/3 weeks and the PFS announcement, I'm sure, is at SOLG's discretion. As a result, I don't think there is any rush to buy. I'll probably be proved wrong tomorrow......

[mknight] 02/11/2020 14:28

Lefrene

Time to buy a few more its never been such good value imho .

Better get them before 3pm just in case

[the count of monte_cristo] 02/11/2020 14:17

As a poster on here quoted, approximately for every Tier 1 copper project you "could" ascribe a value of a billion dollars to it, but that is now. My opinion that the scarcity and mania that is going to come over the next 2-5 years is going to increase these prices four fold.

As I said before, in 50 years from now we will be pushing into space, most of that push will be motivated by accessing future resources, that will be the economic spark that sees us properly move into outer space. The movie Avatar is way off so are movies like Star Wars, because most of the work will be completed by robots, it won't be humans doing it, we are too fragile. Humankinds motivations have always been about the need for more, more resources and it's only going to speed up as populations and cities grow. People still don't quite get it, the future history is all mapped out, if you think about it.

[lefrene] 02/11/2020 14:08

Another idiotic day in the face of overwhelming and rising asset value. Where's the nay sayer talking 'filling the gap', is he having a day off? :¬)

[jlondon] 02/11/2020 13:39

Hannan & Partners, investments bankers in London broker note of 19 Aug 2019 stated that from 1st production, FCF is $1bn average annually in the first 10 years and thereafter, $120m annually. Type into the search engine: Hannan & Partners Solgold broker note, 19 Aug 2019 to read.

On 31 Oct 2020, Newmont reported [$50bn co quoted on the NYSE] and largest gold producer or larger reported results:

"FCF soared to record $1.3 billion in Q3 from $365m in year ago quarter. See*s $19 billion FCF over the NEXT 5 YEARS / $4 BILLION A N N U A L L Y, if gold averages $1,900."

dated 30 Oct 2020.

My Comment:

I am looking forward to Solgold achieving Hannan*s forecast as above and whilst Solgold will produce copper, silver & gold, nevertheless this mix will produce some $1bn average a year for 10 years initially [production at Alpala].

Cant say its not bad given Solgold*s mkt cap @34p*ish has a mkt cap of £700m [multiply 1.3 to convert to US$]

Solgold $1bn average Free Cash Flow [FCF] and as a perspective of how much is that shows Newmont at $4bn FCF annually.

That*s my hope to see a realisation if possible to come to pass. So, with more projects like Porvenir, it would be nice?

Not everyone is here for Alpala so each to their own goals set?

J.L 2 Nov 2020. Kindly check. DYOR.

[mknight] 02/11/2020 13:13

JL

We need a few surprise news releases to knock out the current traders . The problem we have is that everytime there is news to be released the traders know about around 3pm .

[jlondon] 02/11/2020 12:35

LT & MK
Spot on. Solgold current price: 33.10p to sell and 33.5p to buy.
Live price: 33.42p to buy and 33.204p to sell.
==
Another ye olde method is for investors not to get scared off by all the naysayers eg gaps filled [per London South East Captain.] He said there is no must that they must be filled if the fundamentals are there eg PFS etc coming.

Indeed, from the live price @12.30 noon, Mon 2 Nov 2020, the MARKET CANT SEEM TO PUSH IT DOWN FURTHER THAN 33-34P, as he said.

No coincidence that there is news black-out on CEO.CA CGP and the other forum relating to Alpala, Porvenir or the Llurimagua auction news of Fri, 30 Oct 2020 and the former Deputy Minister of Mines interview with BNAmericas recently to say that the Ecuador Constitutional Court will vote on 3 Dec 2020 to close the loophole relating to activists. This is factual news so why not post when it was literally all the time posting links?

So, the naysayers say this and that but will not provide links. I have provided links as my last post from a 49 page tome relating to bench-marking. How did the international investment bank come to $1.2bn ["at least US$600m for the Ecuador*s 51% if the bank did not use standard benchmarking as Liberum which is norm in Finance?].

So, let see when news will be reported and that will mean buy-in.?

[dozyduck] 02/11/2020 12:28

LT - my definition of delusional would include someone who ignores the arguments (based on over 15 years experience of detailed research into over 70 mining shares) fully set out in my post. Toodle-Pip !

[jlondon] 02/11/2020 12:19

Sandeep Biswas, Newcrest in today*s SMH, 2 Nov 2020[from Australia]

"The Fundamentals Are Strong: Gold Still Glitters for Newcrest*s Sandeep Biswas."-Sydney Morning Herald [Google this title to read. Attribution and thanks to sjn190 on Solgold London South East forum this morning.

Quote:
"The head of Australia*s largest gold miner, Newcrest*s Sandeep Biswas will be watching this week*s presidential election closely: Gold reacts to UNCERTAINTY & it reacts to MONETARY POLICY, explains Biswas."

"There is SO MUCH MONEY BEING PRINTED BY THE US & around the WORLD already, I think that in itself, it bodes well FOR GOLD in the MEDIUM & LONGER TERM, he tells The Age & Sydney Morning Herald."

"Biswas is not alone in predicting that the yellow metal*s rally is likely to continue REGARDLESS of who wins the WHITE HOUSE."

"..may not accept peaceful transfer,which could escalate UNCERTAINTY FURTHER."

"Its been good news for gold miners.."

"In recent years, Newcrest has invested in Ecuador focused gold & copper explorer and acquired finance facilities with Lundin Gold*s Fruta del Norte mine..."

[mknight] 02/11/2020 12:14

Lowtrawler. You are right , seems like an orgainsed group . What we need is a mi institution that will mop up the sales of the traders .probably would only take 10 millon shares to do so .

[lowtrawler] 02/11/2020 11:59

Like it or not, our share price is driven by Private Investor's. We don't have large institutional holders selling out and nor do we have any buying in. The daily trading is coming from PI's. When we made our initial Porvenir announcement, short-term traders poured in to take advantage of the news and then sold to move onto the next big thing.

This is a pattern that has been repeated time and again. I see no reason why our next 3 blockbuster announcements will be any different. Of course, each piece of news should establish a higher base but I don't see any short term driver which will permanently improve our price to fair value. For this, I believe we will need bids.

[mam fach] 02/11/2020 11:43

Investors moved away from mining stocks.
Made more money on Covid related stocks - for now.
Unfortunately don't think that scenario will change anytime soon.
I'm holding on to my shares anyway.
As loyal Solgers are we winners or loosers- really don't know the answer.
Stay Safe. After all who wants to be the richest man in the cemetery.

[mknight] 02/11/2020 11:25

Correct lowtrawler

All those that have sold will be buying back in soon .if porvenirs assays are as good as NM thinks most will lose money .

[lowtrawler] 02/11/2020 11:19

DD, you are completely delusional if you think there will be no read-across in pricing between Llurimagua and Alpala - 2 copper mines in the same province of Ecuador! Of course, there are differences between the 2 mines and those differences will need to be taken into account. However, if a price is established, it is likely to act as the main benchmark for what Alpala pricing would be in a sale situation.

[dozyduck] 02/11/2020 11:06

JL - you keep banging a broken drum. Even if a 'value' is established for Llurimagua, any deal between Solg and someone else will be under the totally different conditions and plans and ambitions and financing options affecting those two. It is those that will affect whatever price the two might agree - which won't necessarily bear any resemblance to however a price is established for Llurimagua. Its that which explains eg the wildly different 'prices' for 'gold in the ground' (whose extreme variabiity you ignore when spouting 'averages'). A 'price' agreed between two parties who are in their own unique circumstances at a given time and place for an asset that is totally unique and not just an apple in a market for millions of apples will have no bearing at all on whatever Solg might be induced to sell at, to someone who might be desperate (might be) to acquire something to (eg) plug a gap in his own plans (or Not as he case may be)
So by all means tell us how why and what 'value' might be established for Llurimagua (which will be interesting if you set out all the factors affecting it)
But don't tell us what it means for any deal Solg.might or might not strike
End of what might sound a rant but is really a lesson. And (eg) look at market values for diamonds which you will find is equally impossible to 'value' - and for similar reasons.

[mam fach] 02/11/2020 10:59

Don't think it's worth making any announcements till the dust settles
over US elections.

[lowtrawler] 02/11/2020 09:42

JL, hole 1 was still in mineralisation when they stopped drilling. They are achieving around 35m per day at Porvenir and so will already have got the 750m minimum target length for hole 2. Probably get an RNS confirming that they are carrying on.

[lowtrawler] 02/11/2020 09:22

Thanks JL, 2 pieces of good news:1. We will get a benchmark price from Llurimagua to help price Alpala and all subsequent MREs at Porvenir, Rio etc.2. The government are addressing the constitutional issues head on which will remove potential legal challenges to mining.Normally, you would expect this to have boosted our price. Strange days.

[jlondon] 02/11/2020 09:18

P o r v e n i r , 30 Oct 2020 RNS
"2nd hole intersects over 658m of VISIBLE porphyry mineralisation as drilling continues."

My Comment:
If, like Alpala, the co could do 30m a day, then in 3 days = 90m. Therefore, end of today, Hole 2 drill could reach 748 metres, the stated 1st target of 750m per N.Mather. If it continues in mineralisation, also per Mather [or results], then Solgold will continue to 1,500m beating Hole 1*s 900 meters depth.

At 1,500m it would be a world class intersection if reached and in mineralisation [Alapala ref: Intersections comparitive in the rankings from Solgold presentations] but ASSAY grades needed thereafter.

If, say, at 1,500m, it is still in mineralisation, they will continue further for say 40-60m. That was the style from recall in the past so that they can do down-hole data collection.

If, say, they stop for any reason, then they may have to RNS it and therefore if there is NO RNS, it means they are still drilling? That is from recall of Alpala?

Mon, 2 Nov 2020.

[jlondon] 02/11/2020 09:07

Llurimagua [old name Junin]
www.portegeo.com.au/database/mineinfo.asp?mineid=mn1427

"Published resource estimates for Junin deposit include:

982Mt [Million tonnes] @0.89Cu copper - 1.9g/t Ag Silver-0.04%Mo Moly - 0.01g/t au gold [cut-off 0.4%cu]"
===

Alpala Maiden Resource Statement #3, 7 Apr 2020 RNS

"Mineral resource of 2.6 BILLION tonnes @0.53% Cu Eq for 9.9Mt Cu, 21.7MOZ au gold and 92.2 MOZ Ag Silver in the Measured plus Indicated Categories."

"Mineral resource of 544Mt @0.31% cu Eq for 1.3Mt cu copper, 1.9 MOZ au gold and 10.6Moz ag silver in the Inferred Category."

"HIGH GREADE CORE of 442 Mt at 4.2% CuEq for 3.8Mt cu copper, 12.3Moz au gold and 33.3Moz in the measured plus indicated categories supports early cash flows and accelerated payback...."



Kindly check as there can be copying errors. One observes that Junin has practically very little gold.

Answer to question.

[mknight] 02/11/2020 09:03

Smaller 😃

[fsawatcher] 02/11/2020 08:44

is Llurimagua same as alpala or smaller or bigger??