Solgold Share Discussion Threads

[goldrush] 01/12/2020 09:51

NM will need positive Porvenir news as the AGM vote is too close and probably now not in his favour....probably wanted to release at most appropriate time for him....corporate action moved up a gear I would think....perhaps this is what the market believes....

[lefrene] 01/12/2020 09:39

At least the price of copper is finally doing what was expected, even if a few years late. Gold too might have bottomed.

[pob69] 01/12/2020 09:31

Do your own research and not rely on other's opinions to sleep easy...

[rougepierre] 01/12/2020 09:28

Read the RNS carefully lefrene...there may never be a PFS...

Utter incompetence....

[cbeadle] 01/12/2020 09:27

After the initial pullback the market seems happy enough. SOLG worth holding, multiple assets

[mknight] 01/12/2020 09:25

It would seem to me an update on Porvenir is close .

I think NM will want to go into the AGM with good news . It maybe that he wanted to get the delayed news on the PFS out the way before giving the Porvenir update .

[lefrene] 01/12/2020 09:25

They just never get ahead of the curve do they! About as much cred as 10 Downing Street. But it's all going to be OK because we've set up a new Committee! So now they're bound to deliver by the end of January. Yeah right!

[cbeadle] 01/12/2020 09:12

Not the best ever RNS but kept us updated so we know where we are and the share price has bounced back nicely

[dozyduck] 01/12/2020 09:05

If there were any credible doubts about Alpala, (and if copper fell back) the shares would be back to the low 20's if not lower. But with a confirmed rich core, the payback looks quick. On the other hand, the PEA showed a big drop in profitability 10 years in and no profit after 25 years. So the claim that it's the long life mine the majors look for doesn't hold up.

[leopoldalcox] 01/12/2020 09:00

Hi Donald,Out of interest, what caused you to close your position here?CheersLeo

[swanvesta] 01/12/2020 08:42

The elephant in the room has always been Alpala, with the assumption the project is basically sound and the PEA valuation will be confirmed. But there are plenty of hints here that the financial model will disappoint, including a completely unnecessary reminder that they will continue to tune the PFS after publication.

[lowtrawler] 01/12/2020 08:12

Trying to look for positives. Hopefully the new appointments and committee picked up the issue. Had they been in place earlier, it may not have happened. It means SOLG are better placed moving forward.It's still damaging to reputation, confidence, trust and respect. These are the currency of our share price through to production and so has financial consequences.

[dartboard1] 01/12/2020 08:07

Think I just made my mind up on how to vote

[donald pond] 01/12/2020 08:01

Don't have a position here anymore but strikes me that NM is losing all credibility

[dozyduck] 01/12/2020 08:00

If there was ANY good news on drilling, you'd have thought NM would have said so to counter this ! And there was a leak, obviously.

[lowtrawler] 01/12/2020 07:48

There are only so many ways you can embellish the phrase "we didn't manage delivery of the PFS very well and only realised serious gaps in final review". The fact we heard about this delay last week from CGP is all the more embarrassing.

[greenelf] 01/12/2020 07:18

I am embarrassed for Solg. This whole PFS release has turned into yet another fiasco. Will it also need translating into French? Pizz poor.

[jarega85] 01/12/2020 07:15

Hate it when 'pleased' isnt in the first sentence of such an RNS.

[arcadian] 30/11/2020 20:12

DD 28157

Very funny. Well done.

[dozyduck] 30/11/2020 20:06

Ominous looking share chart. All NM's 'bidders circling' tweets shown up for the desperate puff and wind that they are.

[dozyduck] 30/11/2020 20:03

"Why would Cornerstone invite offers for their company and at the same time raise $7m in a private placement?"
Because without the $7m they will be bust and someone can buy them for nothing

[dozyduck] 30/11/2020 19:53

Interesting description / video of block caving in Freeport McMoran's' Grasberg mine which only started production a year ago.

hxxps://www.fcx.com/operations/indonesia#blockcavemining

Its very roughly the same size as Alpala - same sort of orebody and similar grades and production. (as far as I can see !) Still looking if any separate feasibity study for it, and any value Freeport places on it.

[mirabeau] 30/11/2020 18:44

Why would Cornerstone invite offers for their company and at the same time raise $7m in a private placement?

'Reasons to buy Cornerstone' just tweeted by Cornerstone.