Solgold Share Discussion Threads

[original fastjet] 10/5/2024 19:33

great way to end another cash burning week in Solg.
No income.
No bid.
No money left by June.
What could possibly go wrong?? Lol.
🤔🤔

[alphapig] 10/5/2024 18:13

Mk, you really deserve the funding news to come in on Monday.

[mknight] 10/5/2024 15:55

Wow its just dropped back to a 2 day low .

[rougepierre] 10/5/2024 12:33

Wow! Copper just hit a 2 year high...


Tick tock loganair...

[rougepierre] 10/5/2024 12:22

And another oversimplistic conclusion based on one sentence in Moneyweek...

So here are examples that blow that journalist's theory out of the water...

And here is a factual article listing the mining M&A in 2023 and stating:

"Mining companies are on the hunt for new supplies of copper, a key metal in the transition to renewable energy, after years of under investment led to cuts in exploration and focusing on fixing balance sheets and appeasing upset investors by overspending in the last commodity boom."

hxxps://www.costmine.com/2024/01/29/the-largest-mining-ma-transactions-of-2023/

So lets start with Noront, 17c to 105c in under a year. Taken over by Wyloo who were advised by BOB SANGHA...

"Noront Resources Ltd. engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for properties prospective in base and precious metals, including nickel, copper, platinum group element metals, chromite, iron, titanium, gold, vanadium, and precious metals."

NOT a miner

26 April 2024 - "Silvercorp Metals to Acquire Adventus Mining"

Adventus is mining EXPLORATION company owning the El Duoomo PROJECT in Ecuador

16 April 2024 - McEwen Mining Announces Friendly Acquisition of Timberline Resources

Timberline is an exploration company

3 April 2024 - Alamos Gold Announces Closing of Orford Mining Acquisition

"Orford Mining Corporation is a Canada-based gold and critical mineral explorer focused on highly prospective and underexplored areas"

I'll stop there because frankly you only read and quote what suits your agenda.

SO WHAT IS YOUR AGENDA?

[rougepierre] 10/5/2024 12:06

So I ask again loganair...

Why do you keep talking Solgold down...whats your agenda?

[loganair] 10/5/2024 12:01

Chatting with my local Telecoms chappy I was shocked to hear in my local area, in areas where there are only a few houses enforcement notices have already been applied forcing households who are still on Copper to have Fibre put in which there is no charge for, done for free.

This chap said in the next couple of years more and more of these will be issued and once all the households with in the area are on Fibre then all the Copper will be taken out and melted down for reuse.

I understand in Britain alone there is somewhere around £12bln worth of Copper telecommunications wiring, that's a lot of second hand copper to be melted down and reused.

[loganair] 10/5/2024 11:32

Irrespective of what is happening in 5 years from now or even a Copper deficit Solgold need to either been taken over which is seeming less and less likely as the mining majors prefer to buy miners who are already digging the stuff out of the ground or they need to raise further funds in the next 4 to 6 weeks.

[lowtrawler] 10/5/2024 10:27

A copper crunch has been predicted for over 10 years and failed to materialise. Perhaps this time it's for real. Whether SOLG are in production by 2030 rather depends on how quickly they are sold and then how quickly the new owners mobilise.

[rougepierre] 10/5/2024 09:52

So I ask again loganair...

Why do you keep talking Solgold down...whats your agenda?

Or are you life's biggest pessimist?

[rougepierre] 10/5/2024 09:48

You missed the next paragraph:

"Shifting assets from one owner to another does nothing to address the looming copper crunch...

In the long term demand may hit 33,000 kilotonnes, leading to a yearly deficit of 6,000 tonnes by 2030...that could eventually push prices as high as $15,000 a tonne..."

And whoever owns Cascabel will be in production by then.

[loganair] 10/5/2024 09:15

MoneyWeek - "Miner BHP’s recent bid for London miner Anglo American reflects growing interest in copper. Yet it is telling that commodity giants would rather bid for existing operations than open brand new mines."

[hazl] 10/5/2024 08:12

Ha ha a line of derampers.
You know why?
They saw the rise in gold last night I expect .
Now they are worried.


imo

[original fastjet] 10/5/2024 07:40

Could this be the big day when the bid arrives??
Don't be silly.
Go back to bed you losers.
💤💤💤💤8164;

[original fastjet] 09/5/2024 19:13

Cymru will be back shortly as the share price hits the lows...
He did warn you muppets.
8.84p.....😆😆😆

[original fastjet] 09/5/2024 18:37

Brilliant day here again in Solg world lol.
Any sign of a bid yet you investment gurus Pmsl.

[mknight] 09/5/2024 17:43

Lowtrawler, lets hope you are right .

[lowtrawler] 09/5/2024 16:19

MK, the PFS was sort of on time. You may recall RP doing a T+20 trade timed for the PFS and it not happening until a couple of weeks later.

The current management team are only good for one thing - selling a business. They will tick the boxes they need to in order to progress a sale. Day-to-day operations are not their speciality - including kick the can down the road funding.

This is why I think a funding deal involving Porvenir is a real possibility. It would provide a guide price for Cascabel and stir some interest. It's the only funding option that would create bid interest.

[mknight] 09/5/2024 16:03

I thought the new team would have been more profesional. The PFS was on time .

[lowtrawler] 09/5/2024 14:56

MK, there will be news on funding. When agreed, there will be an RNS. A delay to making a funding announcement is something of a SOLG trademark. I have never understood what they hope to gain by leaving funding to the last minute but you should be used to it now.

I reckon a deal needs to be in place by the end of this month and so only a little more patience is needed.

[mknight] 09/5/2024 14:18

Well another day and still no news of funding . Not what shareholders deserve . If it was good news then sharholders would have been informed so i guess it best to prepare for the worse .

[hazl] 09/5/2024 11:03

Time will tell here.


The resource will be desired that is the only thing we can be sure of I imagine.

[lowtrawler] 09/5/2024 10:30

For anyone interested. SOLG were in the MSCI UK Small Cap Index until the 14 February review last year and so fell out with effect from 1 March 2023. An event which largely went un-noticed and un-commented.