Solgold Share Discussion Threads

[lefrene] 16/11/2020 09:20

Copper having a good morning even if Solg isn't!

[mknight] 16/11/2020 07:30

Fsawatcher .

Only if Mather knows he cannot be beaten in a vote . Otherwise he was better diluting BHP and Newcrest down to 10%.

[fsawatcher] 16/11/2020 07:26

if it woz a token gesture you say

why they agree to be named?

they cudda got 4.99% holdin before decalres news

0.6% is nuffin

fink it was warnin to bhp and newfest

tells them to vote nicely in agm dunt it

or else they be stir fried

[wapping67] 16/11/2020 06:45

Trouble in Peru overnight with the interim president resigning after 5 days. World’s second largest Copper producer.....COMEX Copper futures up 2.5% overnight

[lefrene] 15/11/2020 21:11

The Chinese just paid a token amount to get hold of the auction catalogue :¬)

[mam fach] 15/11/2020 21:04

Agree. Token gesture. Nonetheless very welcome.

[tibszol1] 15/11/2020 20:36

Someone just did!!! the Chinese!!!

[mam fach] 15/11/2020 14:00

Should be an interesting week ahead.
Valuestone Global Resources established by Jiangxi Copper Corporation
Japan Gold got alliance with Barrick.
Steve Garvin geologist adviser with Japan Gold.
Been instrumental in exploration of Alpala/ Cascabel with SOLG.
About time someone showed their hand. GLA Solgers.

[goodgrief] 14/11/2020 10:48

Think he left off the small print!?

[arcadian] 14/11/2020 10:47

FSA

Thank you for posting that verbatim!

Notwithstanding the above and your drawing attention to important issues I did find that the print and layout on the company`s web site more easily digestible than the Advfn print above..

[fsawatcher] 14/11/2020 09:48

bhp and newcrest not gonna vote for these are theys

THAT THE DIRECTORS BE GENERALLY AND UNCONDITIONALLY AUTHORISED FOR THE PURPOSES OF SECTION 551 OF THE ACT, TO EXERCISE ALL THE POWERS OF THE COMPANY TO ALLOT SHARES AND GRANT RIGHTS TO SUBSCRIBE FOR, OR CONVERT ANY SECURITY INTO, SHARES: (A) UP TO AN AGGREGATE NOMINAL AMOUNT (WITHIN THE MEANING OF SECTION 551(3) AND (6) OF THE ACT) OF GBP 6,907,378 (SUCH AMOUNT TO BE REDUCED BY THE NOMINAL AMOUNT ALLOTTED OR GRANTED UNDER RESOLUTION 11(B) BELOW IN EXCESS OF SUCH SUM); AND (B) COMPRISING EQUITY SECURITIES (AS DEFINED IN SECTION 560 OF THE ACT) UP TO AN AGGREGATE NOMINAL AMOUNT (WITHIN THE MEANING OF SECTION 551(3) AND (6) OF THE ACT) OF GBP 13,814,756 (SUCH AMOUNT TO BE REDUCED BY ANY ALLOTMENTS OR GRANTS MADE UNDER RESOLUTION 11(A) ABOVE) IN CONNECTION WITH OR PURSUANT TO AN OFFER BY WAY OF A RIGHTS ISSUE IN FAVOUR OF HOLDERS OF ORDINARY SHARES IN PROPORTION (AS NEARLY AS PRACTICABLE) TO THE RESPECTIVE NUMBER OF ORDINARY SHARES HELD BY THEM ON THE RECORD DATE FOR SUCH ALLOTMENT (AND HOLDERS OF ANY OTHER CLASS OF EQUITY SECURITIES ENTITLED TO PARTICIPATE THEREIN OR IF THE DIRECTORS CONSIDER IT NECESSARY, AS PERMITTED BY THE RIGHTS OF THOSE SECURITIES), BUT SUBJECT TO SUCH EXCLUSIONS OR OTHER ARRANGEMENTS AS THE DIRECTORS MAY CONSIDER NECESSARY OR APPROPRIATE TO DEAL WITH FRACTIONAL ENTITLEMENTS, TREASURY SHARES, RECORD DATES OR LEGAL, REGULATORY OR PRACTICAL DIFFICULTIES WHICH MAY ARISE UNDER THE LAWS OF OR THE REQUIREMENTS OF ANY REGULATORY BODY OR STOCK EXCHANGE IN ANY TERRITORY OR ANY OTHER MATTER WHATSOEVER, PROVIDED THAT THIS AUTHORITY SHALL EXPIRE AT THE CONCLUSION OF THE NEXT ANNUAL GENERAL MEETING OF THE COMPANY OR, IF EARLIER, FIFTEEN (15) MONTHS FROM THE DATE OF PASSING THIS RESOLUTION, SAVE THAT THE COMPANY MAY BEFORE SUCH EXPIRY MAKE ANY OFFER OR AGREEMENT WHICH WOULD OR MIGHT REQUIRE SHARES TO BE ALLOTTED, OR RIGHTS TO BE GRANTED, AFTER SUCH EXPIRY AND THE DIRECTORS MAY ALLOT SHARES, OR GRANT RIGHTS TO SUBSCRIBE FOR OR TO CONVERT ANY SECURITY INTO SHARES, IN PURSUANCE OF ANY SUCH OFFER OR AGREEMENT AS IF THE AUTHORISATIONS CONFERRED HEREBY HAD NOT EXPIRED
For Against Abstain

12 THAT, IN ACCORDANCE WITH ARTICLE 20 OF THE ARTICLES OF ASSOCIATION OF THE COMPANY, THE MAXIMUM AGGREGATE AMOUNT OF FEES PAYABLE TO THE DIRECTORS PER ANNUM BE INCREASED FROM GBP 400,000 PER ANNUM TO GBP 600,000 PER ANNUM
For Against Abstain

13 THAT, SUBJECT TO THE PASSING OF RESOLUTION 11 ABOVE, THE DIRECTORS BE GIVEN POWER PURSUANT TO SECTIONS 570(1) AND 573 OF THE ACT TO: (A) ALLOT EQUITY SECURITIES (AS DEFINED IN SECTION 560 OF THE ACT) OF THE COMPANY FOR CASH PURSUANT TO THE AUTHORISATION CONFERRED BY THAT RESOLUTION; AND (B) SELL ORDINARY SHARES (AS DEFINED IN SECTION 560(1) OF THE ACT) HELD BY THE COMPANY AS TREASURY SHARES FOR CASH, AS IF SECTION 561 OF THE ACT DID NOT APPLY TO ANY SUCH ALLOTMENT OR SALE, PROVIDED THAT THIS POWER SHALL BE LIMITED TO THE ALLOTMENT OF EQUITY SECURITIES FOR CASH AND THE SALE OF TREASURY SHARES: (I) IN CONNECTION WITH OR PURSUANT TO AN OFFER OF OR INVITATION TO ACQUIRE EQUITY SECURITIES (BUT IN THE CASE OF THE AUTHORISATION GRANTED UNDER RESOLUTION 11(A) ABOVE, BY WAY OF A RIGHTS ISSUE ONLY) IN FAVOUR OF HOLDERS OF ORDINARY SHARES IN PROPORTION (AS NEARLY AS PRACTICABLE) TO THE RESPECTIVE NUMBER OF ORDINARY SHARES HELD BY THEM ON THE RECORD DATE FOR SUCH ALLOTMENT OR SALE (AND HOLDERS OF ANY OTHER CLASS OF EQUITY SECURITIES ENTITLED TO PARTICIPATE THEREIN OR IF THE DIRECTORS CONSIDER IT NECESSARY, AS PERMITTED BY THE RIGHTS OF THOSE SECURITIES) BUT SUBJECT TO SUCH EXCLUSIONS OR OTHER ARRANGEMENTS AS THE DIRECTORS MAY CONSIDER NECESSARY OR APPROPRIATE TO DEAL WITH FRACTIONAL ENTITLEMENTS, TREASURY SHARES, RECORD DATES OR LEGAL, REGULATORY OR PRACTICAL DIFFICULTIES WHICH MAY ARISE UNDER THE LAWS OF OR THE REQUIREMENTS OF ANY REGULATORY BODY OR STOCK EXCHANGE IN ANY TERRITORY OR ANY OTHER MATTER WHATSOEVER; AND (II) IN THE CASE OF THE AUTHORISATION GRANTED UNDER RESOLUTION 11(A) ABOVE (OR IN THE CASE OF ANY SALE OF TREASURY SHARES), AND OTHERWISE THAN PURSUANT TO PARAGRAPH (I) OF THIS RESOLUTION 13(B), UP TO AN AGGREGATE NOMINAL AMOUNT OF GBP 1,036,106, PROVIDED THAT THIS AUTHORITY SHALL EXPIRE AT THE CONCLUSION OF THE NEXT ANNUAL GENERAL MEETING OF THE COMPANY OR, IF EARLIER, FIFTEEN (15) MONTHS FROM THE DATE OF PASSING THIS RESOLUTION, SAVE THAT THE COMPANY MAY BEFORE SUCH EXPIRY MAKE ANY OFFER OR AGREEMENT THAT WOULD OR MIGHT REQUIRE EQUITY SECURITIES TO BE ALLOTTED, OR TREASURY SHARES TO BE SOLD, AFTER SUCH EXPIRY AND THE DIRECTORS MAY ALLOT EQUITY SECURITIES, OR SELL TREASURY SHARES, IN PURSUANCE OF ANY SUCH OFFER OR AGREEMENT AS IF THE POWER CONFERRED HEREBY HAD NOT EXPIRED
For Against Abstain

14 THAT, SUBJECT TO THE PASSING OF RESOLUTIONS 11 AND 13(B) ABOVE, AND IN ADDITION TO THE POWER GIVEN BY RESOLUTION 13, THE DIRECTORS BE GIVEN POWER PURSUANT TO SECTIONS 570(1) AND 573 OF THE ACT TO: (A) ALLOT EQUITY SECURITIES (AS DEFINED IN SECTION 560 OF THE ACT ) OF THE COMPANY FOR CASH PURSUANT TO THE AUTHORISATION CONFERRED BY RESOLUTION 11(A); AND (B) SELL ORDINARY SHARES (AS DEFINED IN SECTION 560(1) OF THE ACT ) HELD BY THE COMPANY AS TREASURY SHARES FOR CASH, AS IF SECTION 561 OF THE ACT DID NOT APPLY TO ANY SUCH ALLOTMENT OR SALE, PROVIDED THAT THIS POWER SHALL BE: (I) LIMITED TO THE ALLOTMENT OF EQUITY SECURITIES FOR CASH AND THE SALE OF TREASURY SHARES, UP TO AN AGGREGATE NOMINAL AMOUNT OF GBP 1,036,106; AND (II) USED ONLY FOR THE PURPOSES OF FINANCING (OR REFINANCING, IF THE AUTHORITY IS TO BE USED WITHIN SIX MONTHS AFTER THE ORIGINAL TRANSACTION) A TRANSACTION WHICH THE DIRECTORS HAVE DETERMINED TO BE AN ACQUISITION OR OTHER CAPITAL INVESTMENT OF A KIND CONTEMPLATED BY THE STATEMENT OF PRINCIPLES ON DISAPPLYING PRE-EMPTION RIGHTS MOST RECENTLY PUBLISHED BY THE PRE-EMPTION GROUP PRIOR TO THE DATE OF THIS NOTICE (WHICH SHALL INCLUDE ANY CAPITAL INVESTMENT RELATED TO EXPENSES INCURRED IN CONNECTION WITH EXPLORATION AND EVALUATION ACTIVITIES WHICH ARE CAPITALISED ON THE STATEMENT OF FINANCIAL POSITION), OR FOR ANY OTHER PURPOSES AS THE COMPANY IN GENERAL MEETING MAY AT ANY TIME BY SPECIAL RESOLUTION DETERMINE, PROVIDED THAT THIS AUTHORITY SHALL EXPIRE AT THE CONCLUSION OF THE NEXT ANNUAL GENERAL MEETING OF THE COMPANY OR, IF EARLIER, FIFTEEN (15) MONTHS FROM THE DATE OF PASSING THIS RESOLUTION, SAVE THAT THE COMPANY MAY BEFORE SUCH EXPIRY MAKE ANY OFFER OR AGREEMENT THAT WOULD OR MIGHT REQUIRE EQUITY SECURITIES TO BE ALLOTTED, OR TREASURY SHARES TO BE SOLD, AFTER SUCH EXPIRY AND THE DIRECTORS MAY ALLOT EQUITY SECURITIES, OR SELL TREASURY SHARES, IN PURSUANCE OF ANY SUCH OFFER OR AGREEMENT AS IF THE POWER CONFERRED HEREBY HAD NOT EXPIRED

[zoros1] 13/11/2020 23:14

LSE Solg chat forum trashed again by the same old infestor who visits every weekend!!!
Z

[zoros1] 13/11/2020 22:54

Massive verbal Diarrhoea - never read anything like it!
You're mad JL, totally looney.
Z

[dozyduck] 13/11/2020 20:55

JL Nothing much has changed and I have nothing more to say. The maths re valuation; the long delay until Alpala or Porvenir deliver; NM's need for mega funds to drill - are there looming over Solg for all who have eyes to see. except it seems those on here have their blinkers on. Solg is for traders for a long time to come and I'm certainly not going public with my own stance. Ta Ta for now.

[jlondon] 13/11/2020 18:54

No. LKND is on open file so easy to read all CEO*s LKND to see what they say about their co*s etc. Part of doing research - have you not noticed that on GGP they look up drillers even? There ,the research is more thorough. On American forums, the crowd will not let anyone put out wrong info like stock is going to break on the upside or downside but it looks downside. They show the hourly chart etc so that everyone can see as naysayers will always put out a short-thesis. However, these days, the shorts are so throughly hammered and lost their shirts, they dare not attempt .. I just want a fair value for my shares and it was reasonable to state what even Solgold stated in their latest Nov 2020 presentation eg "Financing $3bn on $ 1 BILLION CO" kinda of thing. That is for Alpala just in case. That*s for avoidance of doubt. But unfortunately, there*s only me on this forum that holds the view that naysayers should not rule the stock on either side of bear or bull if and when it suits? I have tended to be on the conservative side by not having my own cal but that of those in the industry that are recognised. If I did not speak up, I would have to be in my trench forever. Now, I can wait it out elsewhere as news will come as everyone is expecting given Solgold has told shareholders what is next and so forth. With thanks. J.L Fri, 13 Nov 2020.
P.S What I am most amused is that some are cutting up pieces of this co like cloth but have not been paying attention to what the CEO of this co is saying via his interviews in order to piece together what is the forward step or the Takeover rules in detail to see if there is credence to a potential t/o as numbers are required to succeed. Lots of data to shift through before one can be even reasonably nuanced in what happens next and what majors have been doing in the last few years and how they wish to replenish their stock - this is why one needs to watch the current M & A scene. Not saying either way but to watch at the moment.

[zoros1] 13/11/2020 17:49

JL are u on solg? if so who?
Z

[rougepierre] 13/11/2020 15:52

In case anyone has forgotten, my most likely end game thought remains, either a JV for Alpala with BPH or a takeover battle with Barrick successful. Final price between 125/200p...

Not advice; not a prediction, just a summation in the absence of any other information...

AIMO as usual...

[rougepierre] 13/11/2020 15:49

You're filtered..didn't you read...?

[jlondon] 13/11/2020 15:41

Good RP - conversation ended. Since I got such a punting, I needed to know. Now I know. I kinda think that the next time, you may repeat the same thing of how clever it is to sell if occasion calls for it. But now people will think it will double or triple if its a fund manager.

So, it is good to discuss GENUINE and true levels. Sell at 43.8p and now if you were a fund manager, you would be looking at double or triple over no reason given [value rationale].

Yes, it is relevant cos people who read forums get lead into 1 way or the other and that is how people do not get genuine cals but rather what is convenient at the time to the position ie bear - bull and so forth.

That ends the whole conversation that was NOT started by me. All I did was innocently talk of M & A at what is sold in the market of so many projects. But it did not suit because cheaper was wanted to such ridiculous levels. Thankfully, the share price has HELD and people did not LOSE OUT due to all this talk of sell at 43.8p and buy back at 26p kinda of thing. The price NEVER went to 26p or this area as called and people were NOT frightened out of their shares. For once, people HELD THEIR NERVE and held on at 32p and yesterday*s news of the Value investor saved the day. That is history now.

JL Fri, 13 Nov 2020.
RP #27581, 13 Nov 2020 [Fri, 15:52] - JV for Alpala with BPH or successful Barrick to battle. Price £1.25/£2.
Currently, Solgold*s share price is 31.19p, Mkt Cap £687.7Million.


£1.25 = £2.77 BILLION [US$3.6 BILLION]
& at £2 = £4.4 BILLION MKT CAP { US$5.72 BILLION]. [FX 1.3]
{{{4 BAGGER & 7 BAGGER approx}}}

[rougepierre] 13/11/2020 15:36

OK JL...every statement in your last post is completely false.

So...I'm deriving no value from your aggressive and undeserved attacks and you are now permanently filtered.

So don't bother posting for my attention. I won't see them.

I don't value them. I would far rather read POB's which are seriously good value every time.

There are plenty of seriously good people on here and they are perfectly capable of reading my posts and/or remembering what I actually said.

I'll leave it there and apologies once again to everybody else.

[jlondon] 13/11/2020 15:32

RP
Surely, everyone on this forum would want to discuss the final destination and not have to go through you posts. So, if, as a fund manager, you would be looking to DOUBLE OR TRIPLE YOU MONEY. Today, the share price is 33.80p so DOUBLE OR TRIPLE WILL BE 67.6P AND £1.01.

oOOH, you told me that to be clever, one should SELL at 43.5p and buy back - that was the whole discourse of what you told the whole forum. You really went into 100 posts like to make this point.

That*s why I am asking now given that*s what I read here today and on lse solg from you.

That would contradict your past discourse to sell when it merely went from 27p-29p to 43.5p which is hardly even double.

Just askin. To think, that all I said that 45p would be around $1bn cap which is near the Llurgimagua auction price of US$1.2bn for 100% stake.

For that I got such a pounding. No harm now asking just in case you tell to sell again or is it to sit at double or triple.

End of conversation because it means that a different narrative given a different time.

[rougepierre] 13/11/2020 15:29

This is what I ACTUALLY said, in regard to Valuestone's investment:

"They would expect to make a substantial profit on this investment, even if it is in the long run..

So I think this puts their current expectations at 65/100p minimum..."

And this is what you said:

"RP All you said was that the Value people are looking to 60-£1."