Solgold Share Discussion Threads

[hazl] 17/4/2024 11:54

That is well worded and seems genuine.....but still your opinion only.
You regularly post these little posts, purely to keep it down in sentiment, it seems to me.
People are proven to be more driven by bad news rather than good at these times.


So well done on your efforts.


However I disagree.

I have noticed over the years that the naysayers get more vocal when we come to the end of a cycle and that seems to be the case here.

imo

[lowtrawler] 17/4/2024 11:45

hazl, my stance should always have been clear. I don't invest in companies that require a takeover to be successful and so will not be investing in SOLG. However, I have a long investing history with SOLG that means I understand the business and the price drivers. I want SOLG to be sold for a good price and shareholders to make money. I have maintained an interest in SOLG because it will end with a bid and probably a bidding war. I want to see what triggers the bid and how the bidding war develops.

I believe it makes me a rare commodity on bulletin Boards: Someone who has the experience and knowledge to understand what is happening and call out when I believe prices will move in either direction. With no vested interest, you will always get my honest view of events. I believe you have failed to grasp the fact that SOLG's future is entirely dependent on a successful bid and structural movements in the commodity market are only relevant to the extent they make a bid more or less likely.

The reality is, SOLG will continually dilute shareholder value until such time as a successful bid. Any improvement to the share price is unlikely to come from management activity as they are running SOLG on care and maintenance. Improvements will only come from external factors e.g. Ecuador specific changes; metal price movements; anticipated copper demand; bid rumours etc.

As I have now said several times, SOLG have put in place everything they can to encourage a bid. Cascabel is an attractive asset and has a lot of interest from a lot of parties. I see nothing standing in the way of a bid being made and so am optimistic one will now happen. However, if it does not, it is difficult to understand what will change in the future that might trigger a bid. To make money on SOLG, you need a bid or you need to be trading the swings.

[hazl] 17/4/2024 11:26

Artificial Intelligence has the potential to add one million tonnes per annum of copper demand by 2030, according to Trafigura’s chief economist.

The surge in demand, driven by the AI boom, could exacerbate the copper supply-demand imbalance, leading to higher prices, Saad Rahim said during the Financial Times Commodities Global Summit in Switzerland.
Sign Up for the Copper Digest

“If you look at the demand that is coming from data centers and related to that from AI, that growth has suddenly exploded,” said Rahim.

The one million tonnes is “on top of what we have as 4-5 million tonne deficit gap by 2030 anyway,” Rahim added. “That’s not something that anyone has actually factored into a lot of these supply and demand balances.”

Rahim did not say what global copper demand would be in 2030.

Key to the green energy transition, copper’s superior conductivity makes it an essential material for maximizing efficiency in electricity transmission and distribution.

Even before AI, data centers relied on copper for various electrical applications, including power cables, busbars, electrical connectors, heat exchangers, cooling sinks and power distribution strips.

It’s estimated that 1MW of datacenter power capacity could necessitate anywhere between 20 to 40 tonnes of copper.

mining.com

[hazl] 17/4/2024 10:32

And somebody paying 10p for 400000.


Interesting times.

[hazl] 17/4/2024 10:29

A Tier 1 Project

Long-life and expandable project with 28-year initial mine life
LOM Average AISC of $0.69/lb Cu
Post Tax US$3.2bn NPV and 24% IRR (at US$3.85 /lb Cu)
Clear roadmap to becoming one of the world’s first net zero copper mines to be built

Tool 50x50
Potential for Further Discovery

One of the largest exploration property owners in Ecuador
A proven exploration team
Several discoveries already under the belt
Foothold on vast, unexplored regions of the Andean copper belt

Team 50x50
Experienced Board and Management

Excellent in-country relations with government and local communities
Proven track record of project construction, operations, finance and governance
Experienced local management team

[hazl] 17/4/2024 10:28

But shows your true stance .

[hazl] 17/4/2024 10:27

He already had a holding as well you know.
Goodness you are clutching at straws.

[francoismyname] 17/4/2024 10:22

As Tesco says - every little helps .

[lowtrawler] 17/4/2024 10:18

That whole £5k share purchase? Really?

[hazl] 17/4/2024 10:10

The tide turned when people voted for management and not against!

Now Scott has added to his shareholding it gives even more credibility.

[lowtrawler] 17/4/2024 10:07

lol, is it talking nonsense on a BB every day?

Strangely enough, I still have a lot of time for Nick Mather. He has always had a lot of skin in the game, most of which is his own money. He has devoted most of the last 10 years to making SOLG into a success. His passion has often overtaken reality: Provenir; expectations on the Cascabel PFS; ability to explore the high priority targets; comments about NCM etc. but, I always felt he had SOLG's best interests at heart. The current mob are only here for the money. The current team have one skill, negotiating bids. It is what SOLG needs currently but they will milk the business for all they can get.

[hazl] 17/4/2024 10:04

Why invest in Solgold.


I'An Opportunity in Ecuador

The most under-explored and prospective section of the Andean Copper Belt, the world’s biggest and richest area for copper production. SolGold has first mover advantage and is the largest concession holder throughout Ecuador.
Medals 50x50
A Tier 1 Project

Long-life and expandable project with 28-year initial mine life
LOM Average AISC of $0.69/lb Cu
Post Tax US$3.2bn NPV and 24% IRR (at US$3.85 /lb Cu)
Clear roadmap to becoming one of the world’s first net zero copper mines to be built
Potential for Further Discovery

One of the largest exploration property owners in Ecuador
A proven exploration team
Several discoveries already under the belt
Foothold on vast, unexplored regions of the Andean copper belt'


From Solgold's website.

[hazl] 17/4/2024 10:03

Why consider SOLG?


Whilst copper is still valid for the move to electrification the big bucks will no doubt come after the infrastructure projects appear when the war is over and
rebuilding occurs.
This will bring great demand and that is usually the catalyst for share price rises in the relevant industries.

It's all about timing at the moment.





SolGold plc (LSE & TSX: SOLG) has received notification on 14 April 2024 from Scott Caldwell, Chief Executive Officer of the Company, that on 12 April 2024 he had acquired 55,000 Ordinary Shares of £0.01 each in the Company at a price of CAD0.18 per Ordinary Share of £0.01 each in the Company for the total consideration of CAD9,900. Following this acquisition, Scott Caldwell holds 19,462,244 Ordinary Shares of £0.01 each in the Company representing 0.65% of the issued share capital of the Company.

The Company advises that on 12 April 2024, Christopher Stackhouse, Chief Financial Officer of the Company was granted 3,000,000 options over Ordinary Shares of £0.01 each in the Company at an exercise price of £0.10285 per option. The options vest in equal 1/3rd tranches on 1 January 2025, 2026 and 2027. Following this grant, Christopher Stackhouse holds options over 9,000,000 Ordinary Shares of £0.01 each in the Company.'

[hazl] 17/4/2024 09:57

It is a trap to talk about posters


instead of the company's prospects easily done.

[mknight] 17/4/2024 09:54

No not yet .

[hazl] 17/4/2024 09:49

He definitely knows a lot more about this company's history, than I do, but we each of us have different strengths.

Perhaps you haven't discovered yet what mine are?!

[mknight] 17/4/2024 09:37

Lowtrawler predicted 10p when the price was alot higher maybe even 30p . He has more experiance in this share than you Hazl and is worth listening to .

[hazl] 17/4/2024 09:29

Ha Lowtrawler has lost my respect so picks on you and you fall for it!


How very very amusing.

[hazl] 17/4/2024 09:28

Et tu Brute.

[mknight] 17/4/2024 09:26

I doubt anything will happen to the Sp this month .