Solgold Share Discussion Threads

[lurker5] 01/11/2017 18:24

LW425 You are off beam. These developing resources tend to be valued on an 'in-ground' basis -anything from 2%to 10% - depending on the state of the markets, how easy to develop, grades, and whether infrastructure in place etc, and the discount allowing for cost to extract. Crucially, the larger the deposit the greater the % value - reflecting that the big boys will want it to keep their own show on the road. On historic measures Alpala's in-ground' value so far justifies the current market cap and more.

[mrpiggy] 01/11/2017 17:17

I was trying to work out all the different scenarios before the market opened but to be quite frank I never saw a red day!It seems that normal service on the main market has resumed! :@(

[mrpiggy] 01/11/2017 17:11

I was trying to work out all the different scenarios

[lefrene] 01/11/2017 16:05

Late afternoon stop-loss harvesting going on?

CHESTY1, I too am happy to hold, eventually the games will stop and a clutch of big bruisers will show their hand. I'm happier knowing that Newcrest seem to have a good relationship with Solg, I feel it helps Solg avoid getting looted by the likes of BHP. If they want it, they will have to pay a fair and proper price.

[chesty1] 01/11/2017 14:38

Someone wants these down happy to hold as I feel once the seller has finished we will fly ( minnow alert VAST set for news and on the move )

[lefrene] 01/11/2017 13:19

Naturally there are some concerns looking forward as to how the company intends to finance future exploration, and I'm guessing the strategy is to prove something up (Alpala), and then sell it to a miner. Solg can then chose whether to repeat that routine, or to become a miner itself, or indeed to engage in joint ventures with suitable partners. The company needs cash-flow and the government which has granted these concessions will want to see tax revenues before too long. Thus I guess several joint ventures will likely become the favoured way of exploitation, although one doesn't want to be so busy that the price of copper falls.

[onedayrodders] 01/11/2017 12:24

Indeed lefrene ... I must say LW425 left his pants down to be filtered immediately when he said this after yesterday's RNS ...

"I must say it's a lot of fuss over a few rock chip samples."


LOL !

[lefrene] 01/11/2017 12:11

I am reassured that there are fud slingers still posting here, purely out of love for their fellow man of course. I think LW425, that item comes under the heading of cautionary 'legal requirement'. A legal nicety, perhaps somebody should tip off Newcrest, they may want their money back?

[lw425] 01/11/2017 12:09

I'll tell you why this is overvalued.

515m market cap.

If this was producing and churning out profits of 40m sterling on a PE of 13 the current price would be fair value.

But it is years away from producing at commercial rates

and

will need substantial further funding.

[lw425] 01/11/2017 11:43

JORC Code / NI 43-101 Cautionary Statement: The potential quality and grades set out in the above Exploration Target are conceptual in nature as there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the Exploration Target being delineated as a mineral resource.

[onedayrodders] 01/11/2017 10:38

maybe glen ... but then halved or more over the next few sessions

[glenkaz] 01/11/2017 10:28

Think you’re going up now! 🤡👍

[glenkaz] 01/11/2017 10:24

If it was on aim still share price would have at least doubled 🤡✌A039;

[lefrene] 01/11/2017 09:49

Unless you're behind the scenes you can't see what the real trades are, even stuff that was actually traded late yesterday being cleared through the market the next morning.

Looking through that rns I see 1 billion mentioned again and presuming 0.9% cu that implies at least 9 million tons cu at Alpala alone. OK it's all in the ground still, but the story here has barely begun, the scale of Cascabel is huge, and all those new tenements simply puts the overall resource here off the scale. Now they just have to come up with a swift way to begin to monetise it all.

If you were a big miner wouldn't you just want to take out Solg? You would be set up for copper ore for centuries.

[alwaysevolving] 01/11/2017 09:39

Worse than AIM I'd say from what we are seeing Mrpiggy! This would have been 40p plus now on the back of these two RNS had we still been on AIM. Talk about manipulation 😡

[mrpiggy] 01/11/2017 09:29

I can't figure it out either lefrene.... AIM under a new name!

[glenkaz] 01/11/2017 09:23

Watching and learning here! I’d have lost a packet today as I would have bought weird should have been a blue day! Gla 🤡✌A039;

[lefrene] 01/11/2017 09:21

Curious isn't it, apparently buys are out numbering sells by 3 to 1, but the price is going nowhere.

[mam fach] 01/11/2017 08:25

What a surprise this morning another rns.
40p always been tricky to break.
But we might break it today - never to get back to these levels again.
As I have said many , many times hold on to your shares.

[lurker5] 01/11/2017 08:24

Howie - what plans do YOU make when you don't know the full scale of your opportunities or problems ?