Solgold Share Discussion Threads

[cbeadle] 12/11/2020 17:53

Valuestone is a promising development. This should underpin the share price, and release more drilling funds. Solgold have done an amazing job proving up high quality assets in Ecuador. Hopefully this is the turnaround we need and we can see a welcome rerate for SOLG, not before time

[lefrene] 12/11/2020 17:44

And oceans of cash too.

[huncher] 12/11/2020 17:28

And don't forget who actually sits behind them - spheres of influence.

[mknight] 12/11/2020 17:24

Lowtrawler there is the little fund raising i was going on about 🎅👍

Would have likes it to be a little higher 35 or more but there you go its money for drilling .

[tibszol1] 12/11/2020 17:18

Forget BHP, Newcrest and Cornerstone or Barrick for that matter, the Chinese have finally shown a tiny corner of their hand, look forward in the coming months to more and more Chinese involvement in Solgold,, perhaps as JV, perhaps in close partnership providing the required capital, perhaps even out and out takeover for a ridiculously high offer that NM has in the past indicated that the board would find difficult to defend. The Chinese demand for copper is well known, only likely to increase even more in the coming years and the Chinese when they want something badly enough will be happy to pay whatever it takes to get it, so bye bye BHP and any other majors looking to snap up Solgold on the cheap.

[lefrene] 12/11/2020 17:10

mam fach, I guess it hasn't been noticed across the pond.

[mam fach] 12/11/2020 17:06

Let’s see what tomorrow brings?

[arcadian] 12/11/2020 16:59

While the money raised will be directed to POR the company`s priority, as I read it the investment is into the assets of the whole company and as such is a vote of confidence in SOLG and Ecuador.

Maybe a book trade of 1 does have significance.

[mam fach] 12/11/2020 16:49

This will bring out more interested parties. Just the beginning. IMHO

[zoros1] 12/11/2020 16:47

Pob - I noticed from the latest RNS, that the porvenir core is 'twisted' and out of kilter by about 80-90 degrees down around 600m (PDH-20-002). Hence the rock samples are not showing the true width of the mineralisation...They are repositioning their rig to accomodate.....
Z

[mam fach] 12/11/2020 16:44

Don’t you just love it when a plan comes together. Looks like NM prefers to go with Porvenir which we have 100% of.

[lefrene] 12/11/2020 16:44

A bit of competition for BHP can't be a bad thing.

[pob69] 12/11/2020 16:43

This Chinese investment of $5m into Porvenir follows 1 drill to 1000m (with assays so far to 580m and awaiting the rest shortly) and visuals to 684m on the 2nd!

[zoros1] 12/11/2020 16:36

Methinks Valuestone is a shop window for:
1. Jiangxi Copper Corporation - one of the biggest copper smelters in the world.
2. CCB International Asset Management Ltd - A chinese Bank offering finance deals.

Well well...would you look at that.....
hxxp://valuestone.net/en/team01.html
Z

[pob69] 12/11/2020 16:23

Additionally worth noting that sponsors of this first round of funding CCB International Asset Management Ltd are a subsidiary of China Construction Bank with net asset over RMB 1 trillion.

[zoros1] 12/11/2020 16:21

The second of the two RNS just out - the chinese have bought into Solg (for porvenir only) to the tune of 12 million shares. Yummy. The chinese are coming!!!
Z

[lefrene] 12/11/2020 16:17

China has been conspicuously absent from Solg thus far, is this a thin end of a long wedge? My thanks to you both for this nugget. :¬)

[greenelf] 12/11/2020 16:15

Whoa whoa the game may have just changed fundamentally.

[wapping67] 12/11/2020 16:10

Jiangxi Copper Corporation (China’s largest copper producer) are behind Valuestone

Good news

[pob69] 12/11/2020 16:07

Interesting development with new shareholder, on board with 0.6% of company of $5m.

The proceeds of the subscription will be used by the Corporation to advance the Company's 100% owned Porvenir Project located in southern Ecuador.

Valuestone is an international private equity fund manager dedicated to mining and natural resources investment established by Jiangxi Copper Corporation (China’s largest copper producer), CCB International Asset Management Ltd and the Valuestone management team. The target size of Valuestone Global Resources Fund I is US$300 Million.

[wapping67] 12/11/2020 16:06

Paid 32p for 11.9m new shares 0.6% of company

[wapping67] 12/11/2020 16:05

New institutional investor Valuestone

Valuestone is an international private equity fund manager dedicated to mining and natural resources investment. Valuestone Global Resources Fund I has been established by Jiangxi Copper Corporation (China’s largest copper producer), CCB International Asset Management Ltd and the Valuestone management team. The target size of Valuestone Global Resources Fund I is US$300 Million. We have successfully closed the first tranche and officially started operations.

[kop202] 12/11/2020 15:09

rocket emoji

[dozyduck] 12/11/2020 14:48

PMF - copper is more than 70% of the value of Alpala - even at the current gold price. And copper is likely to be the vast bulk of whatever else Solg discovers in Ecuador. The name stems from 10 years go when Solg's only projects were goldies in Australia and The Solomon Islands.