Solgold Share Discussion Threads

[greenelf] 04/11/2020 09:29

The market does not know its arze from its elbow. The lack of reaction means blow all. Trader's playground.

[arcadian] 04/11/2020 09:19

The assays are proving that we have in fact 2 Alpalas. Good news!

I hope for more but must be patient.

[lowtrawler] 04/11/2020 09:07

What do we know from today's announcement that we did not know yesterday?

The answer is very straightforward, we know the assay grades from the first 580m of drilling. We already new it was large, we already new it started at 15m, we had already been given indicative grades by SOLG.

The impact to today's share price comes from having independently assessed grades, how those compare to the previous indicative grades and what the market expected the assay results to say.

In terms of the market reaction, it is still too early to tell with any certainty but it has not led to a sudden surge in the price. I suspect that the market had unrealistically expected better grades than those previously indicated by SOLG. Hence, the positive impact from having independently assessed grades is offset by expectations being brought back to reality.

Over the coming weeks, we will get additional evidence on the size of the resource, the grades, the quality of the core, whether it is suitable for open pit, availability of infrastructure etc.

Like others here, I do believe Porvenir is a larger and more valuable resource than Alpala but today's announcement is just one-step on the journey to proving that. At the moment, Porvenir reflects around 1/3 the price of Alpala. As evidence becomes available to prove it is more valuable than Alpala, that will be reflected in the SOLG share price. In my view, we will have sufficient evidence to prove that by end Q1

[greenelf] 04/11/2020 08:44

I think they meant visible mineralisation.

[jlondon] 04/11/2020 08:36

"Hole 2, Porvenir - current depth 839.9m and an Update of V I S U A L M I N E R A L I S A T I O N E N C O U N T E D so far will be forthcoming later this month."

"Hole 1 - The complex multi-phase nature of mineralisation observed in Hole 1 is considered FAVOURABLE to the DEVELOPMENT of a S I G N I F I C A N T porphyry cu au system."

Solgold RNS, Wed 4 Nov 2020

My Comment:
"Visual MINERALISATION encountered s o f a r." So, visual mineralisation!?

More news to come on PFS & Funding Update, Rio Amarillo drill, La Blanca drill, La Hueca drill and Rig 2 for Hole 3 at Porvenir to test the CORE & ROOT of the system plus other news.

[wapping67] 04/11/2020 08:27

Clearly SOLG has been shorted recently and hopefully today we’ll start to see a bear squeeze

[thelung] 04/11/2020 08:25

My Comment:

Remaining assay results for PDH-20-001 are expected later this month and the current depth of PDH-20-002 is 839.9m and an update on visual mineralisation encountered so far will be forthcoming later this month.

In advance of L A T E R T H I S M O N T H there's a G A P to close.

TL 4th November 2020

[michaelfenton] 04/11/2020 08:23

I too am gobsmacked by the selling. Hard to fathom. Any ideas as to why anyone?

[jlondon] 04/11/2020 08:22

J.London post:Last night #27037 3 Nov 2020 "Porvenir at 0.68% cu equiv.re: main body at Alpala."

Solgold RNS: Porvenir Assay results for Hole1: "580m @0.69% cu equiv."
[Top section with more to come as Hole 1 reached 900m. Hole 1 is at the Eastern periphery]. The rest to come this month.

Nick Mather: "The assay results so far for the 1st hole at Porvenir are highly encouraging, indicating a LARGE AND COMPLEX M I N E R A L I S I N G gold copper porphyry system. IN COMPARISON TO the 1st hole at Alpala, the Cacharposa target at Porvenir presents LONGER & BETTER RESULTS, an excellent start to the Porvenir campaign." [From RNS today, Wed, 4 Nov 2020]

My Comment:

I posted last night to manage expectations. From what Mather said, it is indicative of a large and complex mineralising gold copper porphyry system and is better than Hole 1 of Alpala ie longer and better results.

[wildchild] 04/11/2020 08:16

Seems a lot of selling. Good job it wasn't bad news.

[mknight] 04/11/2020 08:07

Low .. talk about negative .

We are probably looking at another tier 1 which is larger than Alpala .

What more do you want .

Straight into pay dirt without having to drill deep down before you hit paydirt .. saves a fortune .

Looks like the market are going to send us down again . I give up . Will hold my shares and wait for commonsense to come back to this share .

[lowtrawler] 04/11/2020 08:01

There is a lot of talk about this being open pit. Great if it is. Word of caution, Porvenir is on the edge of a national forest, whether an open pit would be allowed is a decision for the future. Today's announcement is about the grades.

[mknight] 04/11/2020 07:44

Post 27037 from JL last night was spot on .
Go back and have a read .

The guys good .

So looks like another tier 1 which can be mined as an open pit . Maybe we can get this into production before Alpala which mine would you want to start first . ?

Sell off Alpala and start production at Porvenir pending confirmatuon of the up and coming results .

[celeritas] 04/11/2020 07:43

Very happy, plenty more news to come.

[michaelfenton] 04/11/2020 07:34

Well said Arcadian. A splendid start.

[arcadian] 04/11/2020 07:30

There`s no pleasing some people. I suppose greed does that.

In comparison to the first hole at Alpala, the Cacharposa target at Porvenir presents longer and better results, an excellent start to the Porvenir campaign. "

2 Alpals or maybe three, four or five-- some will find this hard to take.

[arcadian] 04/11/2020 07:30

There`s no pleasing some people. I suppose greed does that.

In comparison to the first hole at Alpala, the Cacharposa target at Porvenir presents longer and better results, an excellent start to the Porvenir campaign. "

2 Alpals or maybe three, four or five-- some will find this hard to take.

[mknight] 04/11/2020 07:25

If the grades are simular to Alpala and its on the surface then it will be alot cheaper and quicker to produce than Alpala . I notice they think this will be larger than Alpala as well.

So quicker.cheaper and larger . Whats not to like ?

[lowtrawler] 04/11/2020 07:14

Jarega85, agreed. The grades appear marginally better than the average at Alpala to my untrained eye. Don't know how the market will react.

[jarega85] 04/11/2020 07:10

Positive news, let us see what happens with the share price as it certainly hasnt reacted as expected over recent weeks from my perspective.

[bettsspitefire] 04/11/2020 07:04

From this mornings RNS...."The assay results so far for the first hole at Porvenir are highly encouraging, indicating a large and complex mineralising copper gold porphyry system. In comparison to the first hole at Alpala, the Cacharposa target at Porvenir presents longer and better results, an excellent start to the Porvenir campaign. "

[jlondon] 03/11/2020 20:48

" How to take advantage of the impending C O M M O D I T Y S U P E R
B U L L-C Y C L E by Andy Hecht."-Kitco, 4 Nov 2020 [35mins ago at 8:35pm]



"The trend in inflation is beyond politics now, and its going to be unstoppable. This is the START of the SUPER BULL-CYCLE for everything from base metals to agriculture.

Sees strong potential for gold and silver in the coming years, he said. All commodities are going to benefit.

2008 was the fantastic start for a 3 YEAR commodity rally. I think 2 0 2 1 is going to be a great year for base metals and grain."

==N I C K M A T H E R
"Mr Mather*s argument against selling Alpala is Solgold*s potential to TURN INTO A M A J O R PLAYER ITSELF- BHP DOESNT HAVE [these exploration prospects], NEWCREST DOESNT HAVE THEM, WE HAVE THEM."

[Ref: "Solgold*s squabbles complicate development task."-IC, 3 Nov 2020 [@pob69]


My Comment:
The super bull-cycle is the 2nd article I have posted. Well, what Nick Mather said comes at this juncture of the commodity super bull-market. Chilling time for me then.

J.L Tues, 3 Nov 2020.

[jlondon] 03/11/2020 20:15

P O R V E N I R
N.Mather in the latest Red Cloud presentation said that Porvenir is BIGGER than Alpala [pl check]. The hint is there ie comparitive to Alpala.

As such, if the grades come out on average like Alpala, that would be a good start.
The main Alpala grade is 0.68% cu copper equivalent [plus gold, silver and translated into copper equivalent]. There is also a high grade zone at Alpala at 1.4% cu equivalent. It does not come out 0.68% cu equiv but rather some will be higher and some mid or lower as is norm to make up the average 0.68% cu equiv.

Whether, the high grade zone is at Porvenir or nearby satellites is a bit further off. Hole 3 [Rig 2] is drilling for the core and root of the system should give a clearer picture.

Porphyries are generally not exceptionally high grade normally eg 6-7% Cu copper but it is the SIZE that is of import or rather resultant TONNAGE that comes with size.
==

"ANGRY GEOLOGIST: WHAT WOULD HAPPEN IF THEY FOUND A ALPALA S I Z E D DEPOSIT AT S U R F A C E ."

"If they do that, there ...be LOTS OF COMPANIES SNIFFING AROUND TO GET A SLICE OF THE ACTION BEFORE IT BECOMES EVEN MORE." Look at the chart to see the cores showing chalcopyrite and b-veins.

hxxps://angrygeologist.blogspot.com/2016/10/ ["Solgold -porphyry demographics"-Angry Geologist, 31 Oct 2016

==

My Comment:

Porvenir starts at 15m and goes to 900m[Hole 1] with visible chalcopyrite. Kamoa-Kakula starts at 30m. So, deffo, Porvenir is a SURFACE DEPOSIT [<500m] by the normal definition.


So, Porvenir is what geologists and industry terms the ideal. That is where it is a "...changer" as it is a more surface deposit than Alpala. Alpala is described as the "largest" ...in Mining.com, so bigger than Alpala per NM*s thinking or idea, is oh. So, as we drill, happy days as more is proved up?

J.L. Tues 3 Nov 2020.

[wapping67] 03/11/2020 19:58

RP it’s the 657,000 sale at a 1.5p discount at 4pm thats being queried ....Numpty :)