Solgold Share Discussion Threads

[mknight] 05/11/2020 09:31

Too cheap buy as many as you can .games being played here . If its shorters they have to close . If its someone holding it down then we will see it time and the price will rise . All imho .

[lowtrawler] 05/11/2020 09:15

My assessment is that at 31p, our price comprises 21p Alpala, 7p Porvenir and 3p other sites. That would equate to a pre-Porvenir price of 24p which I don't think would have raised too many eyebrows.

Most of us expect Porvenir to be proven more valuable than Alpala but that will take time. In my view, until end Q1. If correct, as Porvenir gets proven, we have a 14p gap up to match the Alpala price and maybe even go a bit beyond.

If Rio Amarillo has a great first drill, like Porvenir, after the initial euphoria dies down, it too should add 7p to our price and climb from there.

In terms of Alpala, I believe that our current price expects shareholders to only receive around 1/3 of the production cashflows. On publication of the PFS and indicative funding, I believe we will see an intention for shareholders to receive 50% or more of the cashflows. If I am correct about both the current 1/3 and the announcement of 50%, it should add 10p to our price. It won't add the full 10p because of the uncertainty but, again, initial euphoria may take us to 10p before pulling back.

Increasing the value of Alpala will have a knock-on impact to the prospective value of Porvenir and Rio Amarillo.

Valuing our regional development sites is more tricky. Valued at 3p just now, our successful hit rate should cause them to be re-assessed and their value increased. Perhaps a further 2p if Rio is a hit.

Ignoring potential new funding requirements, my expected price path is as follows:

Taking 31p as a starting position, on publication of PFS / Funding: Spike to 40p, retrace to 36p. Rio has a great result: Spike from 36p to 51p, retrace to 45p. Gradual increase over coming months as Porvenir and Rio are proven up, at MRE: 60p-80p.

The MRE price would roughly comprise: 26p Alpala, 21p Porvenir, 21p Rio and 5p other sites. If Porvenir and Rio are both proven to be more valuable than Alpala, these numbers are perhaps overly conservative. In particular, I believe Alpala would still be massively undervalued and any improvement to the Alpala value would have a positive impact on the values for Porvenir and Rio. AIMHO etc.

[mknight] 05/11/2020 09:10

Ingnore rougepierre. He must have some plan which you are upsetting .

Keep them coming JL

Sp stupidly low .

Probably 2x tier 1,s for 640m nearly cost that much ro prove them up .

[rougepierre] 05/11/2020 09:04

Ok JL you're filtered...things were much better on here when pob69 was the leader...

We can all read RNSs and news articles. There are plenty of clever people on here and LSE who actually understand and can interpret results and assays...

To restate....900000 is our core long term holding although at a suitable price 300000 may be sold...

There are clearly other forces at play in SOLG right now that your endless diatribes will not alter.

I rate SOLG as a strong buy myself on LSE to show my belief...I've filtered the intellectual Master Biters on LSE and now I'm doing the same here for a quieter life...

AIMO as usual and g'bye...

[jarega85] 05/11/2020 08:25

I am no chartist but wondering if this price action is about the gap down to 28p being filled. I personally dont understand it but it is baffling to see us almost in the 20s.I am continuing to hold for the long term. I have a good degree of confidence this will eventually turn good but just doesnt feel right that the share price continues to drift like this despite the amazing news we have had. I cant even say our drop has been in line with the market as it clearly isnt, most other mining/exploration shares have held up pretty well.Are we being shorted down to 28p maybe purely based on the gap?

[mknight] 04/11/2020 21:49

Rig 1 did hole 1 and 2 ..3 and 4 not started yet

So that 3 rigs .. rig 4 Rio imo

[georgezoros] 04/11/2020 21:45

JL - rigs 1 and 2 have already drilled PDH-20-001 and 002. New rigs arriving imminently (3 and 4). Rig 3 is positioning to identify the core @ Porv. Rig 4 is positioning to locate the easterly cut off.
I understand La Hueca and La Blanca are being probed. Not aware Rio A is being checked out also.
Z

[mknight] 04/11/2020 21:23

JL

Must be Rio Amarillo that has kicked off if so should get news tomorrow . Seems the Sp has shocked the punters . Could Rio be our third tier 1 ?

Probably , cant believe the posters who are saying we are going to stay at this price for a year .. We will be drilling at 4 sites .. whats the matter with them ?

And yes when Biden wins the election this should open the path for more money printing although Trump may try and hold that back until January .

Get your tier 1,s here 3 for a pound roll up roll up .

[jimmyjetset1] 04/11/2020 21:11

Hey jlondon/ you remind me of a poster on lse board many years back “news”.
Your writing style is identical.

[jlondon] 04/11/2020 21:01

Eric Sprott, Billionaire and Founder of Sprott Money.

"Eric Sprott is talking more about the VALUE OF GOLD IN THE GROUND, the EXPANDING MARGINS for GOLD MINERS, his love for LARGE LOWER GRADE ORE BODIES. Gold mining economics 101: LARGE BULK TONNAGE SYSTEMS provide the MOST LEVERAGE with the rising gold PRICE." - 2 hrs ago, Wed, 4 Nov 2020

Link:
or

My Comment:
Wasnt this what the Solgold Hole 1 assay results was about today, 4 Nov 2020?

[jlondon] 04/11/2020 20:46

Twitter: Stock markets are rallying on divided govt.

Safe-haven gold is going up and safehaven Bitcoin has broken the all time high at $14,200+. If B wins, gold is going ga ga as predicted by the experts due to stimulus etc and silver for solar? Just saw all the racing tweets.

GGP up today despite Primorous Investments putting out an RNS they sold ALL at around 23p. It didnt fall like a stone or re-trace or GAP to 0 kinda thing as suggested on Solgold..

MK-by the way, as I posted N>M*s Linkedin posted ONLY about P O R V E N I R, one the RNS in print form and another in short rolling video relating to Hole 2. He posted the Hole 1 as well very much earlier in the month of Oct.

In one of the comment posts of the Solgold RNS as said above re: Hole 2, one geo commented about "4 DRILLS." I was puzzled - 1 drill in Porvenir, another at La Hueca and one at La Blanca but where is the 4th drill?

[mknight] 04/11/2020 20:37

JL

You are a breath of freshair . Love your posts keep them coming . Plenty of information in them for those that want it . Maybe your bashers have sold out and want to buy in cheaper or maybe the odd one has interests in the share price staying low .Everybody has their own agenda .i just want the company to be valued at a fair price which clearly is not 31p .

Rio Amarrillo to kick off soon i expect news of this in the next few days.

[jlondon] 04/11/2020 20:33

LoL

Zoros of London South East, at 19:06pm, Wed 4 Nov 2020 posted:

"Little bit of news
To keep us going along our merry way
hxxps://www.businessfocusmagazine.com//2020/11/04/solgold-a-world-class-gold-project/"

which I posted here. However, people are so mad over the share price on the lse and they are all also furious so people are letting off steam, as is HERE on ADVFN.

The masses furious over the share price fall which is against the RNS today which is good enough to be better than Hole 1 or Hole 5 Discovery Hole at Alpala. So, DD, the hordes are many who are not happy.

[jlondon] 04/11/2020 20:07

Dozy Duck
I knew you would turn up. It was the same yesterday. No amount of bish boshing me will help. You take no one*s note but you cannot say you can write notes with a FCA licence. Today, Mather said it himself about $1bn mkt cap achieved.

Why are you here then and reading my posts. If you filter you wont see them but you read and can turn up as soon as I mentioned something that you dont like.

Dont worry, no one reads the ADVFN anyway. Also, its so common no one will take any notice or action.

From all your posts, you put yourself as an authority but ALL professionals who are household names do not agree with you eg bench-marking [N.Mather also used that today in his interview]. Why - if you dont know about bench-marking 101 used by all City and Wall Street analysts of note as the foundation of their notes, then you cant be of interest and what you say, you never provide a LINK - I do. I was teasing geogeo. I wont answer any more - I did expect you to follow up RP*s post and I am sure many more will turn up like yesterday which is common everywhere.

When I am posting the interview from Mather, you didnt show up but obviously you read it as you mention it. Shareholders want to hear from Mather not your good self as you are not the CEO of Solgold. You said the same of Mather and his financial skills and bish boshed him as well. Mather does not do the financials, they have Ingo and he was Head of Metals, Hannan & Parters, a Tier 1. Llurimagua has an international broker who did the VALUATION for US$600m - you rubbished that as well. As you know, the international broker did the re-negotiation of Ecuador*s debt and the govt hired them. So, you are telling people here you are BETTER than Richard Knight of Liberum, a household name or GOLDMAN SACHS OR JP MORGAN who would be in those tier 1*s to represent and obtain govt work world-wide.

So, just as you talk of me - I generate no info of my own in my own right but you rubbish everyone as is said in your post above. Enough said. End of. I am of no X to you or traders as I do not post on the most busy forum ie lse. However, I do want to learn more what I could not learn from the academic study of markets. No one will TAKE ACTION - nothing to worry about. ITS ABOUT BIG PLAYERS and it is something I now realise happens when there is big trades. Solgold can be traded on the DMA as well, hence big trades going on - same as Bitcoin and big whales. Well, I DONT WANT TO BE SWALLOWED UP, hence its a good educational lesson for me to learn the dynamics. However, I do not ascribe to it, lets put it that way and I am sure you know why.

By the way, I quote from Kitco, an established org on Twitter that does all the gold analysis and prices. The other data comes from Australia and from Potter Bell - all the biggest names on financial Twitter and you rubbish it? If you didnt turn up, I would not have to answer. Why only me? Why dont you spread it to everyone - 1 each for each one? Morning, evening and near midnight you are always here and can pop up at all times. Why?

EVERYONE WANTS TO KNOW WHY THE SOLGOLD PRICE FELL SO HEAVILY EVEN WHEN WALL ST ROSE 2 DAYS IN SUCCESSION AND TODAY, LAST I CHECKED IT WAS UP AS IS GOLD AND BITCOIN.

[dozyduck] 04/11/2020 19:56

Sorry ! I don't call gathering up indiscriminately every single reference to Solg/Alp, or gold or copper or mining, whether from a reliable source or from the many unreliable 'repetitions' and ignorant opinions, and poor quality broker puffs and snippets of irrelevant info that someone saw somewhere or heard down the pub, and throwing it all into one great steaming heap in front of his board - 'research'.

[georgezoros] 04/11/2020 19:48

Hey JL.

Thought I'd say my bit as my name flashed up on my screen (as does everything 'zoros' related!).
I am zoros (heh heh).
I am not mirabeau or rougepierre or donald trump ;)

I enjoy some comments on here as it all adds to the 'big picture', so as much as I respect Rouge/red...I happen to disagree with his view about repetitive posts being boring...blah blah. [Red - in all honesty you could actually stop visiting this site if you think it bores you eh?}.
Keep up the good work on LSE though. Tick.
JL - you too....keep up the good work, it's sometimes difficult translating your diatribe into english but hey - that's part of the fun.
I shall continue to slap CGP holders in the face with a wet kipper until they 'see the light'! Evening all...............
Z

[jlondon] 04/11/2020 19:35

lOl- You said yesterday keep up the good research. And dem said JL good one etc.
Here you talk of 26,25 or 10 and on lse, you post ALL your posts as redknight1 as Strong Buy. Two contradicting posts. All day no one was here and we are discussing it with X. Definite proof- on the forum - said SOLD but L2 per X said there were 2 big buy orders consisting of x, y and z over 2 days.

You told people yesterday you were Zoros and bullish [the one that posts my articles & PASTE MY WHOLE POSTS ON ADVFN ON lse] as and when bullish] RP here doing the bish bosh [the going down one] and Redknight1 [the strong buy one]. Zoros is also the one on CEO.CGP that is giving them a bX on CGP share. One man with many faces and sides [bull-bear-bish bosh].

Enough said. End of topic. Oh, maybe, you may be Santa Claus as well, the one that took the lse solg by storm so to speak with constant dems and so famous-one man show but finally gone via a Ban. Posting style same as Zoros on CEO.CA CGG constantly tryng to spook fear into the Canadians - they said that, not me.

L2 CAN NEVER IS EVIDENCE of the big sells that brought the price down and dem said he had to sell as he cant sleep but will buy back and then the big buys - all from the horse*s mouths.

Of course one has to understand - VERY EDUCATIONAL for the future. ALL EVIDENCED BY THE POSTINGS by the horse*s mouths.

Wont comment any more.

[markth126] 04/11/2020 19:12

Well said rp, invest in something and let them do their job, no point in incessant posting and checking each day. Online gambling sites are the places for the immediate fortunes to be lost or won. Invest for the right reasons and stick with it. This is my core holding and no plans to sell on minor fluctuations so why even look day to day. Good luck all

[rougepierre] 04/11/2020 19:08

bllblblllblblblllbll....

utterly tedious having to flog through so much repetitive drivel to get anything worthwhile...

none of it is affecting the share price...its not even entertaining or enthralling...

the drill news is outstanding, but clear other forces are at play...

as I said the US election is the holding factor right now and the only possible reason I can think of for Mather putting out that RNS today was to stop it heading towards 28 for even 25/6 again...

if so, it did the job, but all the pumping and positive talk and articles, etc. on here are having zilch effect on the price...

and even more so on LSE where a tsunami of drivel hits us day after day...

why do people think trotting out the same old information and the same tired opinions has any effect whatsoever except to bore people rigid...

one of two things will happen:

1 there will be a bid and possibly a war...share price shoots up to where it should be or higher...yippee...

2 Mather manages to take Alpala to production, in which case we've got another year to start of development and another 4 plus years to production...

are you really going to continue to write/read this stuff at scores of posts a day for the duration...no wonder some people are selling up and moving on...

and NO that doesn't include me...

AIMO as usual

[jlondon] 04/11/2020 18:24

MK Thanks.

From L2 data, it must be DEM 2 that sold at the height of 43.8p *ish and now bought back as they said.

So, after selling, say dis and dat and all that.

Maybe, I should NOT give out any news so that no one can trade on it.

On the lse, its NEWS BLACK-OUT AGAIN - they dont know about Solaris Resources CEO tweeting about Solgold today re: Porvenir results etc, Aurania RNS today mentioning Porvenir discovery = industry all know and keeping an eye as they are in South Ecuador as well, not posting the new interview with N.Mather which has some critical info etc.
Hmmmm!!!!

No wonder why there was such a bun ...yesterday with insistence of 26,25,10 sort of thing and when the price could NOT budge any further despite dis and dat, they BOUGHT BACK yesterday and t*day from your L2 data of the 2 big buys all the way and hence it was ORDAR FILLING at those cheapies?

Just having fun with fsawatcher teaching me about dat.

Ah, soooo, mystery solved. Yeah..hmmm.

[jlondon] 04/11/2020 17:48

NEW ARTICLE JUST OUT TODAY, 4 NOV 2020:
NEW INTERVIEW WITH N.MATHER TODAY, 4.11.20.

"SOLGOLD - A WORLD CLASS COPPER-GOLD PROJECT."-Business Focus.

"Solgold talks to us about the discovery and development of world class copper-gold projects in Ecuador and how the co is BUILDING A COPPER - GOLD M A J O R."

"Solgold knew there should be, and after the DISCOVERY AT ALPALA, IN THE 1ST DRILL HOLE, and particularly HOLE 5 & 9, Solgold identified numerous OTHER LOCATIONS throughout Ecuador that boasted the same growth, geo features and opportunity for world class deposits, SIMILAR OR BETTER THAN ALPALA."

"Solgold*s FOCUS ON TEIR 1 projects gives us RELEVANCE to CAPITAL MKTS & DEVELOPMENT FUNDING OPPORTUNITIES and the opportunity to transform Ecuador*s economy, currently based on tourism and agriculture."


"Solgold is planning significant DRILLING programmes on the BEST 5 asap inc. RIO AMARILLO, PORVENIR & LA HUECA & TARGET 6."

"While the co has, so far built its name as an explorer, Solgold is already taking the FIRST TENTATIVE STEPS INTO DEVELOPMENT."


"THE GREATEST V A L U E addition for shareholders comes from DISCOVERY of a NEW virgin orebody. That was certainly the CASE FOR ALPALA, which saw Solgold*s MKT CAP REACH US$1 BILLION, Mather says."


"Copper is equally SOUGHT AFTER...WORLD IS AWASH WITH MONEY- these pools are available freely to JUNIORS and as much as MAJORS."

"looking forward, Mather is optimistic about Solgold*s prospects. IN 5 YEARS,SOLGOLD IS AIMING TO BE IN PRODUCTION and working on FS and exploration programmes on its 13 other projects, he says. Its too early to speculate on what we may be VALUED AT or CAPITALISED AT, BUT THE UPSIDE IS M A S S I V E. We*ve building a MAJOR GOLD & COPPER mining co and its going to PRODUCE NEARLY AS MUCH VALUE IN COPPER AS IT DOES GOLD - THAT IS EXCITING."


28 mins ago @5:45pm, 4 Nov 2020 [Wed]

My Comment:
Click on the link from Business Focus Mag to read the full article out today from an interview with Mather.

He answers what I wanted to know eg funding, development, other projects, value of the rest of the projects, details. The article also gives a lot of details about staff etc and how they are engaging etc.

All from Mather and he repeats about $1bn rating achieved. Also, the UPSIDE-massive.