Solgold Share Discussion Threads

[jungmana] 03/11/2017 13:07

Ot, check out THR. Lots of news due there.Dyor always

[pecker1] 03/11/2017 12:27

lefrene,

It's there alright! The RNS stated this about the MRE:

"Mineral Resource Estimate

The recent site visit by SRK Exploration consultants saw major developments in the accuracy and predictive nature of the geological modelling at Alpala. The geological auditing process forming the basis of the Mineral Resource Estimate, has now advanced the detailed hand contoured geological interpretations in level plan and cross section, into accurate representation within the Leapfrog(TM) 3D modelling environment.

This collaborative approach is resulting in a high-confidence geological model that will accurately estimate the resource potential, through incorporation of the Alpala genetic model, deposit geometry, intensity of mineralisation and grade distribution."

Sounds like mumbo jumbo but it is crucially important to get independent specialists like SRK onside with the geological model because this allows you to calculate the amount of mineralisation that plausibly exists in the gaps between the drill holes. The higher the confidence in the model the greater the size of the resource.

I'm not a geologist and everybody must do their own homework and DD. So, FWIW, everything that Solg has published makes me think this is one of those great opportunities to buy into a real project at an early stage and at a price that is compelling on a risk/reward basis. Each to their own.

[lefrene] 03/11/2017 11:50

As small investors we are probably more willing to take on risk, whereas a careerist in a large institution with his expensive hard won degree in Stats or whatever will be much more cautious. He/she will want proofs (or what they can evidence as proofs), as to viability and visibility of being an earnings generator before committing their institutions money. They would rather miss out on risky bargain levels and pay more for certainties once the proofs are established. Either that, or a cabal of big miners hate Nick Mather :¬)

I hope that initial resource report is not late, it may not make much of a difference to the price, but missing a promise again would be a very poor show. I think it's going to need a production deal to really get the value here to be rated seriously.

As for the current share price it's another chance to pick up cheap stock, unless of course you think the copper/gold isn't there?

[pecker1] 03/11/2017 11:12

Perhaps one problem is the serious shortage of experienced and competent mining analysts in London. Many moons ago there were numerous commodity/metals funds but the commodity price crashes including precious metals have thinned their numbers. So there are very few around who will understand the drill results and say with some confidence what the resource might be.

So some of the institutional investors you would think would be interested in buying are probably holding back until they see concrete evidence of the resources discovered at Cascabel. In short, they are waiting for the first resource statement.

Likewise the discovery at Machos-la Hueca will count for little until the drills start turning and show economic mineralisation.

[cool hand kev] 03/11/2017 11:12

It's a shame but that's how the system works hopefully I can pick some up in the early 20's and not early 30's like last time :-)

[onedayrodders] 03/11/2017 11:00

investors are outnumbered by traders scalping every move

[alwaysevolving] 03/11/2017 10:54

Back into the 20s now looking at that graph. Unbelievable given this weeks news.

[mam fach] 03/11/2017 10:51

Oh to be the darling of the stock market again .
Hard to believe the enormity of the resources is holding share price back.
I don't believe it .
Well , I do really because proof is in the share price.

[cool hand kev] 03/11/2017 08:49

Come EOD. You may need to edit that, "And share price up only 4p"

[pecker1] 02/11/2017 15:54

Re questions over financing exploration. In addition to the cash Solg has already, there are in the money share options amounting to more than £11m plus another £28m in prospect from options at 60p - not such a stretch once the first resource statement is published.

The 31/10 exploration RNS reveals that Solg is in negotiation to finance some of the other properties that it has acquired in Equador, presumably by earn-in agreements which allow Solg to keep a good slice of the action. Hopefully Solg will keep 100% ownership of the best of the bunch.

So I cannot see why Solg should need to do a possibly dilutive fund-raising until well into next year, by which time we will have a probably updated resource statement for Alpala and the answer to the potential of Aguinaga and maybe one or two of the other prospects as well.

[lefrene] 02/11/2017 11:36

It's a waiting game, Maiden Resource, then the Feasibility Study, then the beancounters from any interested parties will feel they have something that proves there is value to be had. Then you find willing lenders, then you find contractors, then you start digging. After a couple of years and a few hundred million dollars you start to get something saleable out of the ground. But of course if you are a big hitter and not a craven careerist, then you might just go for an early grab and try to get it cheap! So do you feel lucky? Or be cautious with an eye on that pension?

Perhaps that forecast copper squeeze will turn up early? That might panic the herd.

[mam fach] 02/11/2017 11:23

Take over rumours ? Rubbish ! Don't think NM won't be letting anyone buy us out. Seems like nothing will move price up.

[cool hand kev] 02/11/2017 08:19

Is that a rumour?

[francoismyname] 02/11/2017 07:28

If big takeover rumours dont move the price today then nothing will.

[glenkaz] 01/11/2017 19:13

Wow unbelievable finish crazy 🤡✌A039;

[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