Solgold Share Discussion Threads

[lefrene] 05/11/2020 15:08

Gold going up and Solg going up too, well whatever next?

[chavitravi2] 05/11/2020 14:36

My son in law who works for Rolls Royce just told me they have been told this afternoon 4,000 of them are going by 21st December.

[jlondon] 05/11/2020 14:16

SP ANGEL-John Meyer, Partner of share price Angel, London*s No 1 mining house:

"HUGE ALPALA project.

PORVENIR: drilling. 1st hole- must have the luck of the Irish but Australian geo*s.
ENORMOUS AMOUNTS OF COPPER - CLOSE TO SURFACE-cheaper to start extraction. Cant say it will be a mine on 1 Hole. Await next hole - EXCITING.

£650m mkt cap. BACKED BY NEWCREST & BHP.

R E A L V A L U E - N E W D I S C O V E R I E S.

Solgold,early mover. Mining co*s going back in with friendly govt.
Solgold-COMMANDING POSITION."

J. Meyer also quoted the 188m & 106m grades. Thanks and attribution for the link to lse poster 803799.

---
Jerry Spaniel on lse with thanks: "RED CLOUD NOTE OUT & THEY LIKE PORVENIR ASSAY RESULTS. TALKING OF ALPALA 2.0." [14:05]
-
Colonel Drake said MM*s wont fill his order and they are not keen to sell if they can help it earlier and he wonders why.

No need to wonder as they must know of the share price Angel interview with Vox today just released and RedCloud.

<>FROM THE $ INDUSTRY, BOTH IN LONDON & CANADA ON PORVENIR<> ----ALPALA 2.0 {RedCloud of Canada on Porvenir, 5.11.20]

Meanwhile, RP advised a lady to go to cash? DD has gone and the traders too. Despite the lengthy data, the SOLARIUS Resources Warinzta data gave us [shareholders] the HEAD-START yesterday on PORVENIR and today, share price Angel & Red Cloud, latter calling it ALPALA 2.0 just on Provenir Hole 1 part assay results.

Pity those who sold based on the XXZZ of the forums. Lengthy but got there ahead of the crowd, so data is useful. The legendary D.Lovell said he could tell with 1 hole [he discovered Solarius*s Winz in Ecuador + famous BHP*s Escondida etc.]

J.London, Thur, 5 Nov 2020 @2.30pm.

[chavitravi2] 05/11/2020 14:13

As I said earlier, I think this went down simply because the market in general was on the up and folk sold to enter other things to make a quick profit.
Nothing wrong with that but when the market starts to fall back I think they will come back with their cash and profits to this which imo isn't governed to much by market fluctuations as it's a none producer but has great potential for capital/mc rise by way of confirmed discovery and or take out bids.

[rougepierre] 05/11/2020 13:28

One thing you can never be accused of greenelf is verbosity...admirable self restraint IMO...

[greenelf] 05/11/2020 13:25

Too much detail.

[rougepierre] 05/11/2020 13:19

I'm reminded that when I was a stockbroker clients often asked me "should I sell shares in XYX plc?"

My answer was always...that is your decision alone, but only sell if the alternative option for your money seems more propitious than staying with your current investment...

So that includes either shares with better prospects or, the risk of your current share price falling back and you would have been better placed in cash...

And that ultimately is why I took the profits on 300,000...

Let's see how this multifarious, fascinating story evolves...

Not only the best investment opportunity ever, which has left her and me secure for the rest of our lives, but also one of the most enthralling and engaging case studies...

AIMO as usual and enjoy...

[jlondon] 05/11/2020 13:05

Dollar weakening and conversely gold now at US$1,929 and silver at US$24.85.
5 mins ago, Kitco Hourly Quote. 5.11.20 @13:05
===
Barrick Gold has just reported results:

FREE CASH FLOW [FCF] is US$1.3 Billion + 151% compared to same qtr in 2019. Adjusted earning is US$726m vs $264m same last yr. Barrick beat analysts estimates. World*s 2nd largest gold producer.

[Ref: "Barrick Gold reports record free cash flow in 3rd Qtr, sees 30% increase in gold price."-Kitco News, 5 Nov 2020] https//twitter.com/KitcoNewsNOW 21 mins ago @1:10.

My Comment:
Barrick*s share price is US$28.32 [pre-market] and MKT CAP US$48.75 Billion.

Solgold: Hannan*s note said that Alpala could potentially produce FCF of US$1 Billion for the 1st 10 years & £120m thereafter. So, that is not bad for JUST 1 project.
No wonder why N.Mather said that it could double, triple and quadrapule meaning 2,3 & 4. If 4 projects could potentially mean $4 billion/a year FCF{assuming 1st ten years if like Alpala} -would*nt that be nice?

Back to earth, Solgold is now £661m @31.92p +1.81% [US$859m mkt cap]

P.S. What a hippo-RP has been saying bad things about ADVFN on lse solgold re: wants a quiet life and going to lse but he cant resist and comes back here to air his views but cant nail any figure.

RP says SELL before production? From the Life Cycle of a Junior Miner-speculators leave in the orphan period and then just as the production cycle starts, institutions enter. This is happening as Sprott ETF includes Solgold. I have given a link that other ETF*s in gold, copper and silver also now invest in Solgold. Not sure if he knows what he*s talking about. I would rather wait for share price Angel, No 1 mining house in London for the coming figures than to depend on RT - says he*s a stockbroker but cant nail figures or tonnage or grades? What*s the point in brevity if cant give details & therefore brevity.

RT has SLIPPED UP - he said he*s still got 900k but now he says he might buy back. Maybe, he*s forgotten what he said? Ah, sooooo, all the hungry people want to buy back as the Solgold price isnt gapping down to 28p and they cant wait any more? Or else why say buy back now? Makes no sense but probably cant remember how many he has or appears to have?

[the count of monte_cristo] 05/11/2020 12:45

A shameless, OT plug, keep an eye on GLR. Due news on its AEM survey of it's copper license in Botswana. The new technology being used these days enables companies to see beneath the desert sands, or soil, like SOLG have done to reveal potentially very exciting and valuable deposits which were previously difficult to discover.

[greenelf] 05/11/2020 12:28

Seem to have plenty of time to criticize, but when challenged, bottles it. Pathetic.

[dozyduck] 05/11/2020 11:58

I've told you the price will be set between a willing buyer and Solg - if at some price it is a willing seller. The factors governing each's decision will be many and varied and unique to each. I don't have time. But from the time you spend on here it seems you do. Awaiting your considered, professional, and well argued list of those factors, along with a list of any potential buyer who might fit within them. A clue however I have already given on here which is that a buyer won't pay anywhere near an NPV. See you in a few months time.

[mknight] 05/11/2020 11:12

Makes sense . Put up or shut up .

[jlondon] 05/11/2020 11:09

Dozy Duck
Lets hear your sell-side target price. Everyone has now gathered from lse to read here as well from what I can see.

Let*s hear your view ie price and we can then match it in 2025 if you are still here and your broker report not just wishy washy critique.

More importantly, how much do you professionally [if you hold a position of seniority at a top London tier1 investment bank] value Alpala if a bidder would turn up based on valuation models that majors would be running at the M & A department. Why do you keep your screen open to only this forum when there are 24 threads on ADVFN Solgold and the lse?

I know indirectly of a BHP specialist accountant who had to fly from Australia to London when BHP wanted to work on a M & A. So, they do gather specialists who have country-to-country experience to value and not just 1 view. How it came out is because the person had to tell her hubby she was flying to London to work on urgent stuff in her dept.

If a bid takes some time, then we also need to know the FCF models so that we know what we are holding. NM said he cannot give figures in his latest interview but it is "massive" potential. So, that also we need to know. We need some SOLID figures that will be CORRECT with only a margin of error to be <5%, STARTING 2025 if Alpala goes into production?

Let*s cut to the chase now as we are all EARS? The whole forum is waiting as well as those from lse given the lse is no longer tolerant of picking bun fights and bans done so no more convo now if there it is Solgold not related. On the lse, I have just seen lse post a message in green:"This message has been filtered, please adjust your filters to view."

So, yes, it is important to hear ALL the facts and info as much as possible to make an INFORMED choice or decision for one*s own money.

[dozyduck] 05/11/2020 11:00

Jl when will you hoist in that broker 'target prices' are NEVER anywhere near achieved for all sorts of rational reasons. They are 'puffed up' to as high as the analyst (but often his boss brokers' corporate client) thinks he can get away with using all sorts of metrics and dodgy 'valuation' techniques. If you had carefully read a good number of 'sell side' analysts reports and critically examined them (after learning something about investment analysis) , you would see what I mean. And WHY do you suppose that might be the case ? And WHY is it that there are never any reports and valuations published by the 'buy side' analysts who work inside fund managers to make their own valuations and recommendations for a price to pay ? Just work that out.

[greenelf] 05/11/2020 10:48

Ps we do not care how many shares you hold.

[greenelf] 05/11/2020 10:47

Snarky...lord!

[jlondon] 05/11/2020 10:37

Solaris Resources
"Pit-constrained Inferred resource estimate of 124Mt grading 0.70 Cu equivalent.
Copper equiv was calculated at copper @US$3/lb and gold at US$1,500/oz."

hxxps://www.solarisresources.com/projects/warintza/ [An Augusta co]

My Comment:
Would have been good to have seen the Hannan report on Solaris*s Warintza as that would have given a clear picture of their benchmarks co/deposits used to do their target price.

However, from the above, it does not seem a big resource at the momo at 124Mt [Million tonnes] as Alpala is 2.66BT [Billion tonnes]

On the main page hxxps://www.solarisresources.com , they mention the "+1BN Carlos-Panantza copper deposits" which is adjacent to Mirador & Fruta del Norte in the belt.

I believe Carlos-Panantza is not just one deposit but two?

So, still nothing as big as Alpala. As MacDonald said, there are few Tier 1*s around or something to that effect. I remember the quote as there are no tier 1*s not in major*s hands.
===
In our [shareholders] favour:

"With the US elections appearing to be near a conclusion [he said hesitantly]
the DOLLAR has WEAKENED, US equity futures are positive and GOLD HAS MOVED HIGHER. Last at US$1,917/oz." - 34 mins ago, Thur, 5.11.20

John Reade,Chief Mkt Strategist at World Gold Council on Twitter.
--
P.S. Without EVIDENCE or evidence based info, then it is not fact -factual but views. How does the reader know if it is true that Alpala at the momo is the largest one can find in Ecuador unless one gives data on Junin/Llurimagua next door or the ones in Southern Ecuador. How does one know if one bought at 40p and it is worth 40p unless one see what other similar deposits have gone for? Often, people just buy and at the first fear sell at a loss. One needs a base price. Now that we know there is a copper supply crunch coming, dollar weakness possibly thereby taking gold & silver further up, we can hang on at our own calculated base price or hang on for development - discoveries per IC. For safety, one looks at broker targets and hedge this against other metrics like M & A etc to get what a deposit would sell for currently etc. Clear?

[mknight] 05/11/2020 10:33

I agree that the PFS wont be out until December which will try and hold back an offer by BHP .

Not sure it will work .

[jlondon] 05/11/2020 10:21

Talking of Solaris*s Warintza, it is near Mirador and Fruta del Norte in Southern Ecuador. Mr Earle the CEO + presentation does hint that they will sell their discovery if their past patterns continue.

Their last drill hole had an intersection of 1,010 @0.71%cu Eq although their discovery hole was 500m+.

Currently, Porvenir is drilling at Hole 2 and at 8 3 9 . 9m dated 4 Nov 2020.
Target depth is 1,500m now having broken to 750m, 1st target.

If, Porvenir Hole 2 reaches 1,500m and still in mineralisation, that would have EXCEEDED Solaris 1,010m drill.

Porvenir is in Southern Ecuador as is Solaris, Mirador & Fruta del Norte.

JUB CAPITAL on Twitter: 4.11.20
"Solgold*s Porvenir initial assays "longer & better" than first hole at Alpala.
Any additiona DISCOVERIES should be spun out quickly as they will attract zero value if/when a suitor comes for Cascabel."

My Comment:
What Jub says can only be true if the share price does not re-rate for Porvenir in which case what Jub means is that Solgold could be taken out for a low price. However, Sandfire took over one co but left the rest to the co. A/c to bankers, the deal can be structured in such a way to only take Alpala out but I gather there may be tax implications etc. So, waiting for NM to reveal the PFS with funding update as that will be of interest in the mix given he wants to go to production.

[pob69] 05/11/2020 09:59

Hannam & Partners extensive initiation analysis ofor Solaris of interest to SOLG $SOLG $SOLG.L #porvenir #cascabel #ecuador $CGP

"Revealing Ecuador’s riches at Warintza – initiate with C$10.20/share target"

Lots of relevent material on copper/gold/Ecuador

[lowtrawler] 05/11/2020 09:51

RP & MK, we can only guess what games are being played and cannot influence them. We can only invest based on the information available to us and it all points towards SOLG being both undervalued based on the current known assets and on the prospective assets available to them.I have said before, SOLG is the clearest winning investment I have seen in the last 20 years. Alpala alone is clearly worth at least 40p currently and eventually much more. I now hold over 800k, catching up with you RP.

[rougepierre] 05/11/2020 09:36

Agreed mk...

And LT that's an interesting analysis but there are irrational forces at play in SOLG IMO when you compare with GGPc especially, even despite the difference in domains...

As we found with the rise from the 25s to 43 plus, one day we'll wake up and the price will have zoomed again....

AIMO as usual...