Solgold Share Discussion Threads

[huncher] 09/11/2020 13:18

Agree lefrene very interesting timing an early Tuesday knockback.

[dozyduck] 09/11/2020 13:16

Somebdy said we're arguing about what Solg 'should' be valued at. Sorry. There's no such concept. Something is only ever valued (except for death duties and taxes and my G what arguments rage in those circumstances) at what someone else PAYS for it - if they ever do. End of debate.

[rougepierre] 09/11/2020 13:16

Didn't he refer to 10 offers...?

From the Annual Report:

"Based on the high level of interest in this quality concentrate, the Company subsequently invited commodity traders to submit an initial Expression of Interest, covering:
• Their intended sales and marketing strategy for Alpala concentrate
• Proposed offtake volumes and tenure
• Comprehensivecommercialterms
• Ability for short- and long-term financial support
The Company has to date received 10 qualifying Expressions of Interest (EoI). The offtake terms, while non-binding, are sufficiently detailed to give the Company confidence that binding agreements
can be reached during forthcoming negotiations."

[lowtrawler] 09/11/2020 13:10

RP, we have no idea what makes up the $3bn. SOLG have previously said that they had offers from streamers for $1.5bn but we don't know if they intend to do any more streaming deals for Alpala.

[lowtrawler] 09/11/2020 13:04

Timeline wise, I believe the PFS needed some additional information which was expected to be collated and available by early November. Hence, the PFS will either be ready now or close to it. I expect they will already have finalised the term sheets for funding but some due diligence could be outstanding. They might get pushback from BHP / Newcrest, similar to what happened with FNV. SOLG will be keen to avoid that. Hence, it could be announced tomorrow or it might take until early December. Somewhere in that window is my best guess.

I am much more interested in the funding than I am the PFS. I have said a few times that I believe Alpala is priced that shareholders only receive about 1/3rd of the total returns. If the funding shows shareholders receiving more than 1/3rd, it could have a big impact on our price. I'm not expecting any surprises in the PFS.

[lefrene] 09/11/2020 13:04

LT, that 0.2% came from things I have read on the net, I haven't heard of a figure anywhere near 2.5%. I'm of the view that there's a massive financial whoopsie to hide which came to light when the NY repo-market stalled on 17-9-19 due to half the participating banks being on the edge of going bankrupt that very night. $20 billion was thrown at it by the FED that night $200 billion by the end of the week, and estimates of $14 trillion to $40 trillion since, do a search on www.wallstreetonparade.com, where I notice some of the articles from the 18th to the 20th sept 2019 have since been removed, but there's still plenty of info. The vast scale money printing required to rescue the situation is imo being masked by a very convenient 'pandemic', which was hardly a news item until February despite it having been around since the previous August. Anyway, it's the money printing that has driven me to gold, and I find this market reaction to a 'cure' to be perhaps contrived. But anyway it seems good for the price of copper.

[rougepierre] 09/11/2020 12:56

I agree LT, but didn't the $3bn include mainly streaming deals...?

BHP/NCM onboard would have to be equity, based on NCM/CGP tantrum, wouldn't it...

I still think this will either be an Alpala SOLG/BHP JV or...

A takeout of SOLG by the likes of Barrick...

[mam fach] 09/11/2020 12:55

Guess PFS 3 weeks away.

[rougepierre] 09/11/2020 12:54

No it was down 6% from the high...

32.8 from 34.75...

Right now its 6% off the high at 32.75...

[lowtrawler] 09/11/2020 12:50

zoros1, yes, that was 1 October and he said they already had received proposals for the $3bn of funding and would be working on turning those proposals into term sheets over the next 2 months. There were other interviews in early October where Nick and Ingo confirmed that the funding proposal would be published alongside the PFS.

My guess is that they want BHP and Newcrest to be onboard with these proposals before publishing. They don't want another public spat.

[zoros1] 09/11/2020 12:43

Solg down 6% - where does it show this?
Z

[zoros1] 09/11/2020 12:40

LT, this is not that clear, but I think I heard him say @ minute 3:00 that the term sheets for financing the project would be available @ FS stage.
What do you think?


Z

[rougepierre] 09/11/2020 12:35

Copper flying...

Markets sharply up...

Gold sharply down...

SOLG marked down 6%...

Looks like the market is treating SOLG as a gold share not a copper share...

[lowtrawler] 09/11/2020 12:32

LF, the case fatality rate is actually around 2.5%, not 0.2%. Even assuming only around half those infected are identified as being infected, the fatality rate would still be well over 1%. Of course, it varies dramatically by age group and what underlying conditions people have but it's not helping anyone to say it's only 0.2%.

[goodgrief] 09/11/2020 12:31

If for sake of argument 90% are protected from falling ill with the virus virus, then you effectively have the same as 'herd immunity'.

[zoros1] 09/11/2020 12:28

LT: link?
Z

[zoros1] 09/11/2020 12:24

What on earth are you on about lefrene???

[lefrene] 09/11/2020 12:17

A 90% successful vaccine! Oh well that's alright then only 10% of you are going to die! But hang on a mo only 0.2% of people die from this thing anyway! I have been buying gold stocks because of massive money printing and the very likely high inflation that will follow, and not because I think I'm going to die of a bug that kills 0.2% of the people it infects.

[lowtrawler] 09/11/2020 12:16

zoros1, they have confirmed in interviews that they intend to provide the financing package at the same time as the PFS. I assume this is what has delayed publication.

[zoros1] 09/11/2020 12:15

Problem with this vaccine: has to be stored @ minus 80 degrees. Secondly you need a booster 3 weeks after first and then wait a week. So a month after jab before your 'immunised'. The logistics of vaccinating nearly 60+ million TWICE...are enormous!
Z

[mwv1] 09/11/2020 12:06

First fully tested Covid vaccine announced

FTSE up 2%

Gold down 2%

[zoros1] 09/11/2020 12:04

Blue skies day today for Solg.
When the PFS is announced, it is going to cause a massive stir (whether or not it holds is another thing) but it will turn the corner for us all. Of more interest to me currently is if we are to believe the chart in NM's last presentation, it shows the PFS and the agreed finance package (for development)happening at the same time. Now that would be explosive!!
Z

[lowtrawler] 09/11/2020 12:01

RP, I believe I explained why we aren't reflecting fair value. We are still subject to the short term voting machine and we haven't excited the market enough to vote us to fair value. We need a measurement event.

Personally, I have no problem with you or anyone else saying the price could fall to 28p, 20p or 15p. While we are subject to the voting machine, anything is possible. Equally, I am not saying that my view of measured value is the one and only correct view. It is possible that when weighed, my view of value is too high or too low.

I think it is important we openly discuss our personal views of value and where the short term voting machine might take us. Through understanding why different posters have different views on price, we can spot issues we may have overlooked and refine our own assessments.

I don't believe that anyone sees what we post as being a statement of true valuation that we want others to follow. We are expressing our own personal take on something which has no one correct answer.

[rougepierre] 09/11/2020 11:57

Pfizer has 90% successful vaccine...

US Markets flying...

Copper flying...

When will SOLG catch up FFS...?