Solgold Share Discussion Threads

[alwaysevolving] 01/9/2017 13:17

Well at least we only have to put up with AIM games for another 5 weeks all being well?

[lefrene] 01/9/2017 11:12

A major backer (Newcrest) paid 41p to put fresh money into Solg, and it's sat on one of the biggest and richest copper/gold fields found in the last century. Just one site alone has at least 8 million tons of copper equivalent. That's about £40 billions worth, and that is just one site (Alpala), all the rest is in for free. So at 5% of just one bit of Solgs properties one gets £2 billion as a likely spot sale value. Copper and Gold, they don't make it anymore :¬) This looks like the usual AiM antics on comparatively small volume.

[onedayrodders] 01/9/2017 11:10

Just short term noise from a few bored "millionaires" cashing their chips in very early in the story

[dudleym1975] 01/9/2017 10:38

This share has had the most fantastic run up since Aug 2016, almost unbelievable rise so as it's aim it is now going down and will continue to go down

[alwaysevolving] 01/9/2017 10:25

Jeez! That didn't hang around! Not good.

[lefrene] 01/9/2017 09:17

Nope, at the moment it looks like 33p is going to be revisited. I suppose expectation fatigue has set in, and no matter how juicy the bone perhaps it now seems a bit too far off to be worth the waiting?

[onedayrodders] 31/8/2017 20:28

Indeed lefrene ... share price seems to have stopped hitting its head on 40p and now sitting nervously at the bottom of the recent range..

Perhaps the added bonus of Gold breaking through the $1300 key resistance should also support the share price to some extent as Copper will be along for that ride.

[lefrene] 31/8/2017 16:26

At least until Xmas ODR, and even then I doubt the maiden resource statement will tell us anything more exciting than that which we already believe to be in the ground at Alpala. They have pretty much told us what's there today, it just hasn't been officially confirmed as yet. The difference will be that the document will be 'proof' of the resource and will allow any interested miner to consider raising/allocating capital to exploit it.

But in the meantime this looks to keep slipping South perhaps as far as that spike down in mid June?

[onedayrodders] 31/8/2017 15:32

Yes ... still holding all the cards but of course it's going to be quite a long game

[lefrene] 31/8/2017 15:13

Rather looks like it, rewards in the business look too far into the future, so quite likely bored investors are moving their cash into things with nearer rewards? Annoying to see the share price sinking on good news, but those metals are in the ground and are not going away, whilst the value of copper and gold are in the ascendant.

At some point Solg will need to sell something to a miner, since it is an explorer and not a miner. The miners know that as time goes by and metal values rise, then they will have to pay more to compete for an acquisition. The additional attraction of Cascabel is the very long mining life that it holds, thus ensuring a long useful life of any capital sunk into equipment and infrastructure. But in the short term it doesn't seem too tempting.

[onedayrodders] 31/8/2017 14:58

hmnn ..are we about to lose this trading range to the downside ?

[lefrene] 31/8/2017 13:08

I suppose the scale of Cascabel is such that the buried potential wealth is difficult to grasp in the mind. Thus far into Alpala it seems there is circa $50 billions worth of copper eqv, but this is only part of Cascabel, what if Alpala thus far is only one quarter of the whole of Cascabel? Even if it was one half the numbers are still immense, and that's before we start looking at the other prospects that Solg has.

If some of the new prospects have similar metal values, then Ecuador will still be being mined hundreds of years ahead.

[lefrene] 31/8/2017 10:50

I suspect the hot money has moved on Kev, this is going to be a long game. The update is very welcome but it confirms what people were expecting rather than something wildly exciting.

Plainly Solg are going flat out to get Alpala delineated and proved up, and then doing a feasibility study for extraction, everything to make it attractive to a potential miner. With 8 million tons of copper so far reckoned to be in Alpala, that's $52 billion at todays prices, less of course all the extraction, shipping and refining costs, but the thing is so big that there will be plenty of earn out time for capital equipment costs.

So now we are in the slow lane unless somebody comes along wanting to either buy Alpala, or taking over the whole company.

I notice it seems they intend to bring in other parties to test the new tenements, I just wonder how they are going to fund that?

[cool hand kev] 31/8/2017 09:13

Update today and No posts has everyone got bored here.
I can see the drilling going on forever.
SolGold is also commencing planning for the collection of necessary data to complete a prefeasibility assessment by end of 2018.

[onedayrodders] 30/8/2017 16:45

indeed always .. many a fortune lost by boredom and impulsive short term decisions.

[lefrene] 30/8/2017 16:24

Plus Solg has the rights to another 2,500 square kilometres of more possible finds.
Eventually value will out, but only if you live long enough to see it!

[alwaysevolving] 30/8/2017 16:01

Let's hope we get it back ODR following the move off AIM in early October?

Just have to keep reminding myself that the resource hasn't gone anywhere and is seemingly only getting larger compounded by the fact that both copper and gold prices in an up trend.

[alwaysevolving] 30/8/2017 15:55

I fear you are right Lefrene unfortunately.

[lefrene] 30/8/2017 13:31

That graph is going South, no doubt helped by algo's and the usual gamesmanship of AiM. The market needs to see some money coming in from somewhere, so I suppose this will go nowhere until Alpala is proved and delineated. Then we have an asset that a miner would want to buy and could possibly borrow money against to fund extraction. I guess NM is trying to make this happen as fast as he can, hence trying to get more and better drills in there. In the meantime this could drift down to that low point seen in June, a proverbial buying opportunity awaits, evidently no need to hurry.

[onedayrodders] 30/8/2017 13:03

lost our sparkle for now

[lefrene] 29/8/2017 17:37

Sadly for a while this has the traits of the usual AiM trash, a very generous hand out of large share options (ok well out of the money), followed by an 'ooop's butter fingers' , there's seems to be something wrong with our paperwork for the main market.

I think Nick Mathers is the real deal, so I'm going to wait and see what gets delivered between now and the delayed listing. I hope the final prospectus is rather more juicy than the one that's been pulled. In the meantime we might find out what horse dealing has been going on behind the scenes. Solg does have a high valuation but then there is an awful lot of copper being proved up in Alpala, and a lot more of it yet to be proven. Plus metal prices seem to be on the rise.

A JV to mine Alpala, or indeed a sale of Alpala might be on the cards, Solg will in less than two years, need more money to prospect and prove up the best of it's new tenements.

[alwaysevolving] 29/8/2017 16:58

Could do with the blacked out images on this thread updating or a new thread starting really. Any interested party looking in may be put off? Chart not looking great considering POG and copper price. Yes, quite disappointed that the move from AIM to main market was pushed back at the 11th hour. Would love to know the real reason behind that? Let's just hope it's worth the wait in the end.

Really need a proper recourse statement to re lite the fire under the share price

[onedayrodders] 29/8/2017 16:39

yes ..shame we haven't waived goodbye to AIM yet

[lefrene] 29/8/2017 16:25

AiM working it's usual magic, there appear to be twice as many buys as sells, yet the price slips! Or just the usual sloppy advfn counting machine?

[lefrene] 29/8/2017 09:28

A bit of good news, almost 2,500 sq km of promising prospects and one sample came in at 12% copper!


12:00, never mind Cascabel, new prospects literally half the size of Norfolk, already some early signs of promise on the ground, plus gold and copper rising, metals which are traded in $ against a wilting £, and the share price is struggling?

Can't all be due to that fat little emperor of North Korea? I should think the Chinese are finding him something of an embarrassment by now?