Solgold Share Discussion Threads

[kop202] 12/11/2020 13:45

Makes a change from the ubiquitous rocket

[wapping67] 12/11/2020 13:38

Part of a larger Algo trade Arcadian

[arcadian] 12/11/2020 13:24

Does a book trade of 1 have any significance? I wouldn`t know.

[lowtrawler] 12/11/2020 13:03

RP, the trading volumes are so low that it's impossible to draw any conclusions from looking at the share price alone.

[rougepierre] 12/11/2020 12:50

It looks like the SOLG share price is building a base from which to launch the next leg...

AIMO as usual...

[mknight] 12/11/2020 12:11

Did someone mention Christmas .🎅🤶☃️☃;️⛄9334;⛄🎅;⛄🐧
29334;🍾870;🤶ㇳ0;🥂🐧☃️Ϡ4;🤶🎅👍🎅🤶⛄☃;️🐧🥂🍾7870;🏐Ӿ70;🐧☃️⛄Ӿ77;🏐🎅;🤶⛄ 731;️🐧;🥂🍾🍾🤶
27877; only 43 days to go ..

The BB needed a bit of colour .🎁🎁🎁

[zoros1] 12/11/2020 11:34

The Count: Yes agree - Solg is all about copper. Gold is (currently) a by product!
Z

[arcadian] 12/11/2020 11:23

However----- Lowtrader and RP

We hold these truths to be self evident


That world uncertainty and fiat currencies will drive the price of gold upwards.

That a post Covid world will need increasing amounts of copper

That good copper finds are increasingly scarce

That there is a small Las Americas country which needs mining revenue and has made its need for mining quite clear.

That there is a small company in that country with numerous concessions that are proving rich in the gold and copper on some scale and the proven ability to raise the necessary finance for its development.

That this company has received the financial imprimatur of one of the world`s leading financial houses in this field.

That all companies are not created equal .

So that while some may have great hopes for Rio I think that a good second hole at POR and a good PFS will be enough to celebrate Christmas and then some.

[plentymorefish] 12/11/2020 11:23

Hence the name......

[the count of monte_cristo] 12/11/2020 11:21

In my mind this is much more of a copper company than a gold company.

[lowtrawler] 12/11/2020 10:59

Agreed Arcadian. Although, until the news arrives, our price will drift on relatively weak volume. Strangely, the price is not anticipating the upcoming news events and so we are priced towards the lower end of currently known information.

Depending on your view, this either provides a buying opportunity or indicates that the expected news will not be positive. I am in the buying opportunity camp.

The frustration we all feel is that dates keep being pushed out and so more and more patience is required. PFS was expected a month ago and now looks most likely to be December. Rio Amarillo was meant to commence drilling end October and we have not had a drilling commenced announcement.

A month ago, I expected to have PFS and first Rio drill reports by end next week at the latest. I now expect them to both be in December. In the overall scheme of things, these are small delays but SOLG continually miss deadlines which tests our patience and, I believe, contributes to a lower share price.

For me, I am trying to avoid looking at the price movements and only keeping an eye-out for news. I find this helps to reduce my frustration and takes away any temptation that may arise to trade.

[rougepierre] 12/11/2020 10:52

I agree arcadian...and six weeks it will be, with the PFS and conditional finance package both scheduled by end December...

Furthermore, they daren't let it run into the Christmas period when markets are closed for days and news gets lost in the runup. including the barrage of COVID news we're going to get...

So...we could be looking at a four week blitz...

They got the governance issues out of the way on a slow day for markets...

My speculative news order now would be...

La Hueca/ Blanca initial positives....

Big update on Porvenir...1500m?...stellar grades...

Huge initial news on Rio Amarillo...exciting grades and lots of prospective gold...potentially bigger yet than Alpala and even Porvenir...

PFSand draft funding package announced at the same time...significant jump in NPV and substantial debt/streaming element..

The only other wildcard being a possible JV with BHP which would get CGP off their backs...

But if you're Barrick, BHP or the Chinese, there is a shrinking window to get your bid out there, especially while the gold price and Junior mining shares are relatively flat...

As to Newcrest, I think they're out of the picture now and the conclusion of their advisors may well have been to give them leverage and ultimately a satisfying profit when it all shakes down. They surely can't see themselves as a long term partner to SOLG now...?

Surely they wouldn't baulk at a tidy profit of, possibly £150/250m...would certainly help fund Havieron...

AIMO as usual and open for discussion...

[mknight] 12/11/2020 10:36

So red cloud says we are worth 1.10 and the Sp says 31p .. Must be somewhere in the middle .. 55p would seem fair value .

[arcadian] 12/11/2020 09:51

The news potential of the next six weeks is mind blowing. The seminal and strategic
issues will be clearer. All we need is patience.

[rougepierre] 12/11/2020 09:09

On the continuing dangers of post US election gridlock to markets as a whole...

[wapping67] 12/11/2020 07:26

Thank you Pob

[pob69] 11/11/2020 21:54

For those without an AFR subscription concerning Newcrest comments, here's a free version SOLG $SOLG $SOLG.L #porvenir #cascabel #ecuador $CGP

[zoros1] 11/11/2020 21:18

Mirabeau (aka Schlemiel on LSE) had a mental breakdown recently on another board. He has sold all his Solg and GGP stock and is now gunning for anyone/anything to destabilise matters. Be warned.
Z

[arcadian] 11/11/2020 20:49

MIRA?

WHY DID YOU POST THIS NOW ?

I think that you owe us an explanation.

These are the recent news items for Ecuador in the LAHT Your page is not shown for 11/11/20

11/2/2020 Ecuador Seeks Details after China Finds Virus on Imported Seafood Packaging
10/22/2020 Ecuador Police Use Tear Gas to Disperse Protesters
10/22/2020 Adventurer to Recreate 1st Biplane Flight over Ecuador’s Andes
9/21/2020 Ecuadorian Villages Covered in Sangay Volcano Ash

[mam fach] 11/11/2020 19:51

Zoros1. Thank for your post. It is wonderful news. My only worry is that safety test will not rushed. But it dies look as if all plans to vaccinate have been arranged. Stay safe. GLA solgers too.

[zoros1] 11/11/2020 19:45

This is the work of schemiel / mirabeau who has infested this board and the Solg board.
Fake news to deramp the stock.
Z

[greenelf] 11/11/2020 18:44

Correct pobOLD NEWS FROM 2009..see same articleTuesday, November 17, 2009Ecuador Says New Regulations Will Foster Responsible Mininghttp://ecuador-rising.blogspot.com/2009/11/ecuador-says-new-regulations-will.html?m=1.

[pob69] 11/11/2020 18:36

Thanks for that article but I suggest the article is several years old as Corea was president between 2007 and 2017. Lenin Moreno is the current President.

Wiki suggests that Germánico Alfredo Pinto Troya was Minister for Petroleum and Natural Resources of Ecuador from June 8, 2009 to April 20, 2010 so it dates around then, though the sentiment sounds positive!

[mirabeau] 11/11/2020 18:20

Ecuador Says New Regulations Will Foster Responsible MiningToday 18:17



QUITO – Ecuador’s new mining regulations, which among other things give the government a 50 percent participation in companies’ operations, will set the country on a path toward “responsible mining development,” a top official said Thursday.

In statements to Radio Sonorama, Non-Renewable Natural Resources Minister Germanico Pinto commented on the executive orders that were issued Wednesday and which serve to enact new mining regulations contained in a law passed in January.

Referring to criticism from environmentalists and Indians about the supposed threats to the environment and indigenous communities, Pinto acknowledged that some aspects of the law could be improved and said the government is “absolutely open” to dialogue.

However, he said the executive orders signed by President Rafael Correa highlight the “virtues of the law regarding the management, government control and citizen supervision” of initiatives to develop Ecuador’s reserves of gold, silver, copper and iridium.

In addition to a decree enacting a general law for the industry, Correa also signed executive orders implementing laws on the development of small-scale mining and environmental regulations for the operations, as well as several documents enabling the creation of the ENM national mining company.

The president also decreed the creation of other regulatory agencies and an institute for geological, mining and metallurgy research.

The mining law stipulates, among other aspects, that only the central government is empowered to approve multinational companies’ bids for mining projects and that 50 percent of the earnings from mining projects must be handed over the government.

In addition, under the new regulations, mining companies must present complete technical and environmental-impact studies before embarking on extractive activities and employ clean, cutting-edge technology.

As the regulations are applied, “serious problems with mining in Ecuador will be corrected,” including environmental pollution and the lack of oversight and training and of government monitoring of development projects, Pinto said.

He added that “not only will the problems be corrected, but we’ll turn the page: it’s a turning point for the development of responsible mining” in the environmental and social sense.

Pinto denied that the government has already given the green light to international mining companies to carry out development projects and stressed that, for the moment, “only advanced exploratory activity” is being carried out.

“What we did through the mining mandate (a degree issued last year halting large-scale mining in the country) is to verify that companies are complying with the law and legal requirements,” Pinto said. EFE