Solgold Share Discussion Threads

[alwaysevolving] 17/5/2018 22:33

Chart looking bullish. Seems like it wants to breakout to the North? Any slight catalyst would probably cement the move.

[lefrene] 17/5/2018 17:38

Perhaps some 'bots' will be watching that line Brahmsnlizt?

[brahmsnliszt] 17/5/2018 14:33

is holding ok for now. breaks the line looking even better

[5070481] 17/5/2018 10:10

Hard to tell. Each time I have checked there is 350k but once that gets sold more appears.

[mknight] 17/5/2018 08:52

How much stock is on 27 please

[5070481] 16/5/2018 22:36

Still that big iceberg sat on 27 to clear. Its an impressive amount of stock that they have been managing to get away there over the last few weeks.

[onedayrodders] 16/5/2018 17:43

Up again .. steady as she goes

[lefrene] 16/5/2018 09:26

Thank you Cel.

ODR, it's a bit like being able to buy a house without having to save a large deposit. Not only is this a huge site but you can get it up and running for half the usual cost.

[onedayrodders] 15/5/2018 16:37

lefrene15 May '18 - 11:58 - 12409 of 1241

"the infrastructure represents potential savings of $3bn to a miner setting up shop"


I don't pretend to be an expert on grades but perhaps that offsets the "low grade" comments that pop up attributed to SOLG from time to time.

[celeritas] 15/5/2018 16:05

Here's a good read for you lef.

[celeritas] 15/5/2018 16:01

CRU analyst Hamish Sampson said unless new investments arise, existing mine production will drop from 20 million tonnes to below 12 million tonnes by 2034, leading to a supply shortfall of more than 15 million tonnes. That’s because over 200 copper mines are expected to run out of ore before 2035, with not enough new mines in the pipeline to take their place.

[lefrene] 15/5/2018 13:41

Solg would qualify for the "big stuff" without a doubt. I presume BHP are amongst the 12 'interested' miners? But they will still want confirmation that Solg really does have a very large resource. Very likely interesting conversations are ongoing between Solg and interested parties, as per usual share holders will be the very last to know what is going on. At least with NM at the wheel we should get best value from this asset.

[celeritas] 15/5/2018 12:56

I dont think BLT are that interested what the banks say, no shortage of backers.

This from Nov last year.


BHP Billiton is on the hunt for its next big copper project.

The world’s largest miner said it is looking to add more copper to its portfolio through exploration, as demand increases for the metal in renewable energy and electric cars.

It is open to forming alliances with junior mining companies, said Danny Malchuk, president of operations in the Americas.

“We want more copper resources in our portfolio,” Mr Malchuk said. “And we believe the most valuable pathway to achieving this is through exploration, the drill-bit.”

The company’s exploration portfolio consists of 79 projects covering 1.8m hectares, he said. BHP is looking at discoveries in Ecuador, Chile, Peru, the southwest of the US and Australia, he said.

“As BHP our thresholds are very high — we don’t settle for the regular Joe type of copper mine. We go for the big stuff,” Mr Malchuk said.

Miners are having to spend billions of dollars on their existing copper mines just to keep supply steady, as they dig ever deeper for supplies. That’s likely to lead to a deficit in supply by the beginning of the next decade, according to Mr Malchuk.

BHP has invested close to $10bn in its Escondida copper mine in Chile over the past five to six years to maintain production at around 1.2m tonnes a year.

[lefrene] 15/5/2018 12:28

I'm guessing that the game is essentially down to the Banks (presumably Canadian Banks), when billions are required no Bank is going to put up the dosh without proof that there is more than enough metal there to underwrite the costs to get it to production.

Thus interested miners are unlikely to throw their hat in the ring until an MRE confirms the metal, and somebody has costed the job. Unless of course there is a miner big enough to call their own shots? But then what careerist is going to risk his salary and pension on a pre-emptive strike? Perhaps Jack Ma would like to go into mining? :¬)

[mrpiggy] 15/5/2018 12:08

The waiting is a killer though :¬(Yes, I'm in full agreement with you on that lefrene. If it's any consolation I'm in ARS too and that is equally as painful!

[celeritas] 15/5/2018 12:07

Electric cars and the infrastructure that is needed to drive the revolution will drive copper way higher and along with that miners.
Large discoveries are few and far between these days so I eventually expect solg to be the target of a bidding war as the super miners slug it out for the best resources.

[lefrene] 15/5/2018 11:58

I also like the bit that says the infrastructure represents potential savings of $3bn to a miner setting up shop. I'm guessing that it's those potential cost savings (and time savings) that makes Cascabel a tempting morsel to a predator. It might be the cheapest fastest large mine to production? The waiting is a killer though :¬(

[lefrene] 14/5/2018 16:25

I didn't misread it, these people have been on site recently.

[lefrene] 14/5/2018 12:56

ODR, I hope I didn't misread it! But that's how I understood it.

[onedayrodders] 14/5/2018 12:43

"I noticed in that report for the TSX that the amount of drilling achieved in the past six months almost equals all of the previous drilling. "

wow that's interesting lefrene .. they are really going for it

[mam fach] 14/5/2018 12:39

Agree again.Not impossible that there could be a takeover or partial sell off.
I know NM says differently but then he's not going to say he would sell out.
After all he's not getting any younger either!
Maybe one day we will wake up and be top of the share risers.
As I have said many, many times I am holding on to my shares.
Good luck all holders.

[lefrene] 14/5/2018 11:51

That's the bind mam fach, it could take years or some outfit hungry for long term ore might pounce at any time? I noticed in that report for the TSX that the amount of drilling achieved in the past six months almost equals all of the previous drilling. Quite likely by now they will have exceeded all the previous drilling, so there ought to be quite a bit of news due.

[mam fach] 14/5/2018 09:30

Can't fault your summary of potential prospects.
Agree with your thoughts entirely.
My only concern is that it might/will take years.
Let's hope its sooner rather than later.
Time is marching on and none of us is getting any younger!