Solgold Share Discussion Threads

[lefrene] 05/2/2018 12:28

I see actual gold and copper have nudged up a fraction whilst this has nudged down a bit, well that makes sense then. That referendum has passed without problems.

[mam fach] 04/2/2018 11:22

It is good that local community are employed.
Need to help the economy and not take advantage.

[lefrene] 03/2/2018 20:40

This referendum might be the reason the brakes are on, I suppose we will know by Tuesday if there are going to be problems? One would hope that the government knows it doesn't want to end up like Venezuela, their socialist agenda has to be paid for by something. Solg is employing an awful lot of locals, I guess they don't want to throw their jobs away just to please some pc lefties who probably have never set foot outside of a major city anyway. Local communities stand to benefit very well from mine earnings, and outfits like Solg are operating in unexplored unused wild jungle, this referendum seems it's more about political games rather than genuine concerns.

Yes block caving is expensive but Newcrest are the experts, they will not have taken a stake in the company if they didn't think it was a viable route to extraction. Someone on here posted a link to some new improved tunnelling machinery that reduces costs and makes for faster tunnelling too. Perhaps we will get to hear more in the preliminary costing that is currently being undertaken.

It would be a pleasure for these chaps to get ahead of the news curve for once, as they did with that very welcome and impressive slashing of drilling costs (that should have sent the price up). Now having highlighted Aguinaga over two years ago, I want to hear news earlier than expected, I'm none too impressed with the 'day-late dollar-short' episodes with the LSE and TSX listings and the MRE report. I know these guys are really busy sweating away in a jungle and doing their best to gets to happen as quickly as possible, but they do seem a bit off hand when it comes to keeping the market happy.

[mrpiggy] 03/2/2018 20:08

Personally I think it's as cheap as chips given the huge ore body we have with good grades, our approximately to a major highway and major power supply and nearby deep port. Don't think for one minute that a major won't jump.... it's just a question of when. My guess is they will jump as soon as it falls below 20p but that's just my hunch!

[caffeine1] 03/2/2018 15:39

Thanks MrPiggy.

The article says 'The block-cave mining method is capital intensive and can cost anywhere between $2 and $10 billion.'

Which doesn't narrow it down too much.

Solgold have a great location but I'm just trying to understand how much a mine would cost to build.

Mid point of this range is $6bln. Take off $3bln in location advantages to Solgold would be about $3billion. Anyone think this is too high or too low?

[mrpiggy] 03/2/2018 13:36

Hope this is useful caffeine1, it's quite in depth. https://investingnews.com/daily/resource-investing/underground-block-caving-guide-investors-open-pit-mining-rio-tinto-codelco-freeport-grasberg-chuquicamata/

[caffeine1] 03/2/2018 11:47

Anyone got an idea roughly how much it would cost to build a block cave at Alpala?

[onedayrodders] 02/2/2018 21:09

DOW -665 ... Guess they weren't that impressed !

[lefrene] 02/2/2018 15:50

ODR, they have to turn a penny or two, perhaps they will wise up before the session is over. If hours are declining it would seem that there has been more investment in improved machinery? I read some months ago that Trumps war on 'illegals' meant that farms could not rely so much on cheap 'wet back' labour and were instead investing in more harvesting machinery. I wonder if that effect has now reached the stats? Seems to have tilted the table downwards again at Solg!

[lefrene] 02/2/2018 12:48

If only talking would do it ODR :¬)

I notice the familiar multiple small AT trades are back. Got to get those bots/algos heading South it seems.

[onedayrodders] 02/2/2018 11:31

125p ... Oooh you are naughty lefrene but I like it

[lefrene] 02/2/2018 10:13

Guessing the 'value' of Cascabel is always entertaining.

In the past 10 million tons has been mooted for Alpala, add another 5 million tons for all the rest of Cacabel and you have £75 billions worth of copper. Then given the favourable attributes of the site which is reckoned to save $2 or $3 billion in start up costs, and will also greatly speed up initial extraction thus saving yet more money and bring in early cash flow, I think there should be a premium above the usual 1.5% to 2% and that 3% (or more) of the value would be a fair take out price. 3% of £75 billion is £2.25 billion or 125p a share based on 1.8 billion shares.

All the rest of Solg would be in for free! Anyway I'm happy to wait. At some point the vultures sat on the fence are going to blink, it ain't going to drop dead, they will have to come off their perch and nail it.

[mknight] 02/2/2018 06:58

The bounce was not very strong i will not be buying just yet .

[shakester2] 01/2/2018 20:18

The bitcoin emperor has no clothes it seems

[pecker1] 01/2/2018 20:05

lefrene,

Think you did well topping up at that price. I did it too early a few days ago as market timing is not my forte!

Am convinced that what you and other posters have said about the banksters/brokers is right and we PIs have been shafted. Also, institutions who want to take positions in a stock often will short the stock first so they can buy in at a lower price.Perhaps tempting fate here but could be we have reached a bottom (markets always tend to overdo it in both directions) because the low price has attracted serious buys.

When confidence builds that we have seen the lows the price could rocket up if we get a couple of bullish RNSs next week. As always time will tell.

[lefrene] 01/2/2018 15:19

Here comes the shake, a number of small AT sell trades for the algorithm to pick up on, see where it stops this time.

[nicksig] 01/2/2018 11:18

Technical bounce or something in the pipeline?

[nicksig] 01/2/2018 11:04

Wow. Popped out for a minute and what do you know

[lefrene] 01/2/2018 11:01

Not YOU as WELL! I paid 21p when they were asking 21.25p, thought I'd done very well, at least Wisteria2 has to share the bragging rights with you. :¬)

Perhaps the penny has dropped, if you wanted to take this out it won't be for less than $1 billion, and as drilling proceeds the value of proven metal rises, then throw in Aguinaga if it turns out as expected, and you have a low cost primer to the block caving, that in my view gets us to $2 billion at least.

[rougepierre] 01/2/2018 10:56

picked up 40277 at 20.95...hope that was the bottom...onwards and upwards....

[lefrene] 01/2/2018 10:52

Well it certainly is with the ladies wisteria2, and markets seem just as obscure and fickle. Perhaps a bit too early to count the chickens just yet?

[wisteria2] 01/2/2018 10:42

Some chunky automated buys at about 23p! timing is everything don't you agree Lefrene. lol