Solgold Share Discussion Threads

[francoismyname] 18/4/2024 09:13

McKnight we know you have no shares. Can you crawl back under your rock. Thanks in advance.

[mknight] 18/4/2024 09:06

What has she bought land or a project which has been drilled ?

Just read up on the project and has only 8 holes drilled with 6 out of 8 fi ding mi eral up to 0.5 cu . Copper found near the surface up to 500m . So simular to PORVENIR but with alot less work done .

If she wanted something quicker she could have bought porvenir for probably 200m

[lowtrawler] 18/4/2024 09:02

francois

SOLG are already listed in Canada.

Do you think Ecuador calling an energy emergency might be having a negative impact?

Are you able to compare the IRR Gina Rinehart expects to get on her Ecuador investments to that available from SOLG? As you know, it's not the volume of resource that matters but the IRR on your investment.

[hazl] 18/4/2024 08:59

There are always undervalued shares.
Response to further up.


The market is sometimes an ass.
As when sometimes the herd buy an already over valued share.



8-)

[francoismyname] 18/4/2024 08:44

So just to be clear today.

Gina invests £150m in Ecuador copper play which is a fraction of our assets - tick

Puts to bed the notion it’s too dangerous to invest in Ecuador - tick

Copper up 2% today - tick

Gold up 1% today - tick

PFS becomes more valuable - tick


Solgold opens up down.


Now call me old fashioned but if the market is efficient and not corrupt then it’s not rocket science to think we should be blue today.

And we are valued at £280m when Gina bought an asset for £150m which is no where near a TIER 1 asset and minuscule in comparison.

Once we get a bit of funding can we list somewhere else instead of London as it’s a cesspit.

[francoismyname] 18/4/2024 08:04

And Solgold true to form opens up down.

London is a cesspit

[lurker5] 18/4/2024 08:00

The market IS efficient. Not enough buyers. Simples. (The stock market is a market. Its not a place for valuing a share - and never has been)

[francoismyname] 18/4/2024 07:57

Added to above Copper up another 2% today and gold up another 1%.

If we don’t break 10p today we never will.

[mknight] 18/4/2024 07:55

True , why didnt she just by us .?

[francoismyname] 18/4/2024 07:46

Gina sees no risks investing in Ecuador copper.

And we are FFS just valued at £280m.!!!!.


Reading across to our assets we should be many many multiples of this investment.


If the market was efficient there should be a big re rate here today.

[original fastjet] 17/4/2024 21:25

Hazl n Francois tucked up in bed now for the night.
Another hard days work in the boiler room done.
See you in the morning shysters

[original fastjet] 17/4/2024 20:27

Sxx scenario here guys.
No funding to extract the riches so it will be sold off on the cheap and shareholders get a pittance 📉🔚🔜

[hazl] 17/4/2024 19:19

A fresh tweet reminding us of the interest here.


SolGold
@SolGold_plc
Cascabel Project

The projects robust economics have attracted shareholders such as BHP, Newcrest and Jiangxi Copper, as well as royalty financings with Franco Nevada and Osisko Gold Royalties.

LSE: SOLG
TSX: SOLG

[mknight] 17/4/2024 19:07

Francoismyname .

You are free to think what you want . I have 1 million shares and did have close to 2 . If you think my comments could change the share price you are deluded .

My sale came when the directors bought , it ment they were out of a blackout period
I thought wrongly the blackout was due to them arranging finance .

Its very simple to understand if you want to .

Why not sell them all ? Simple again i am prepared to risk 100k but not 200k . If the share price doubles win less but if it doesnt i lose less .

[original fastjet] 17/4/2024 18:41

Francois,
Instead of posting on here I suggest you keep an eye on your lass.....

[original fastjet] 17/4/2024 18:40

Red talking his book up as usual.
Kind of feel sorry for the guy at his age he should be enjoying his twilight years with his family instead of wasting time on here.
Time n tide.......

[rougepierre] 17/4/2024 17:55

Sorry mk been doing other things.

Of course any one or all of the offtake offers would solve our cash problems indefinitely, but I don't think that is what Scott was hinting at...

And I understand that "non diluting, non equity" funding does not necessarily create a closed period.

There is no way that SOLG is going bust so I wonder if they are waiting for the 'something big' to happen, spiking the shafre price, on the back of which they could sell some or all of the CGP shares at a much higher price than now...

But my money is still on another streaming deal for 0.4/0.5% which might in ityself trigger the first bid.

After all, Scott also said they would be sorting the cash position for a couple of years...

If they get that far before 'corporate action' is triggered...

I know others disagree but I still think the piffling share buys were so pointless that they were a coded signal that something is happening soon...before the window closes again...

[francoismyname] 17/4/2024 17:15

Another day I can sleep easy as the schools have closed and Fastjet can’t be scouring the school playing grounds now.

You keep posting here Fastjet. Makes all feel a lot safer and we know where you are.

Once a kiddyfiddler always a kiddyfiddler.

[lowtrawler] 17/4/2024 16:21

MK, I believe he is referring to the NSR deals. RP appears to believe NSR deals are great rather than the value destroyers they are in reality.

Let's take the best deal SOLG have done, a 1% NSR with FNV for $100m.

In return for the $100m, FNV don't need to put in any more money to build the mine and they don't need to worry about how much it costs to extract the metal, they are simply entitled to 1% of the entire sales revenue for life.

If you take a $3bn build cost, $2000 pog and $1500 total costs per ounce, after 5m ounces are sold, FNV recover their outlay but SOLG are still over $500m down before recovering their costs. It is an exceptionally expensive form of finance.

When you work the numbers through, a 1% NSR deal will reduce the price any bidder will be willing to pay by around 4%. SOLG have done 2 recent NSR deals totalling (I think) 1.5% but they already had an arrangement in place when gaining the license for (I think) another 1%. It means, there are already NSR deals in place that will reduce the potential bid price for Cascabel by around 10%.

If we take it to an extreme. Apparently we have NSR deals on the table sufficient to pay for the Cascabel build. Lets say they can get away with $2.5bn for a build. The 1% for $100m deals are no longer available and so to get $2.5bn, they will likely need to give away 40%. Together with the existing NSR delas, they can build Cascabel but 42.5% of the sales revenue would not belong to SOLG although 100% of the costs would. Hence, they would need to cover all the costs of mining but make a return on just 57.5% of the production.

[mknight] 17/4/2024 16:14

If they cqn come up with a proper answer i am more than happy to hear it .

Lets wait for rougepierres reply . I hope its not the 10 offers in the half year report . And if its is he can suggest as to why the company has not taken them . Then advise why the Directors have come out of a blackout period deciding not to take any of them .