Solgold Share Discussion Threads

[pob69] 06/11/2018 19:37

Here is Anna Legge presenting at Precious Metals Summit in Zurich $SOLG.L SolGold plc $CGP $SOLG #ECUADOR for those who missed the live link earlier today;



slides

[mam fach] 06/11/2018 10:24

Doesn't look as if market is impressed with latest RNS.
How many more options are going to be granted.

[pob69] 06/11/2018 09:50

Anna Legge presenting at Precious Metals Summit in Zurich $SOLG.L SolGold plc $CGP $SOLG #ECUADOR

slides;

15 minutes confidently delivered with just a shortened presentation pack reiterating much that is already known and confirmation of target doubling of MRE by end of year, PEA beginning of next year (half capex of equivalet in Chile). "Significant newsflow" expected with other tenements before the end of the year.

Target Prices from analyst coverage
Red Cloud (C$1.30), Cormark (C$1.20), Hannam (80p), National Bank of Canada (C$0.95), Liberum (69p), Paradigm (C$0.85)

From 37 mins onwards

[mirabeau] 06/11/2018 07:46

Yes, it looks like Mather's putting in place the final pieces before a full offer is made for the company.

[mikalan] 06/11/2018 07:11

Would be good to see some real news on drilling and exploration, we seem to be going through an administrative period, perhaps positioning for the next move up.

[mikalan] 06/11/2018 07:10

Another 4.5% of the company in share options, plus whatever the directors give themselves. Let's just hope that they will be able to exercise those options in the very near future. On an optimistic note, maybe they are getting the options in place in the knowledge that they will.

[onedb1] 05/11/2018 11:27

Incredible multiple broker updates and notes and price support from institutional investors and majors . All but 1 category is not supportive . Am baffled why in light of all of the above a private investor bails out ? More evidence by the good poster posted yet another note . Well we shall see who is right

[pob69] 04/11/2018 18:37

With thanks to RockC on CEO.ca;

Understanding Risk: Investing in Junior Mining Companies
November 1, 2018 Glen McKay

There are many lessons to be learned from investing in the mining sector. First, it’s inherently risky and many companies will disappear before mining a single ounce of base or precious metals. But it’s also an attractive sector for those willing to take chances and put in the work. Here are a few things I have learned over the years.

Do Your Research

Don’t go on a blind faith tip or even a rising stock price. Research the exploration project or mine you are interested in thoroughly and find out what others aren’t seeing before you put in a penny. There’s always something new to discover in a deep dive.

Find The Right Price

One of my last acts before leaving the position of president and CEO of Cornerstone Capital Resources in 2011 was to acquire the Cascabel project in Ecuador at a very early stage. At the time, it was believed to be a future source of gold and copper, but there was no proof. So the price was right. I got a bit lucky with Cascabel, as exploration has since revealed it as one of the largest gold-copper undeveloped mineral deposits in the world. But that was because I had done my research before making an offer.

Know When to Exit

Cornerstone was a small company and we needed help to get the Cascabel project up and running. I knew it would take years and hundreds of millions of dollars. So, making sure I left the company in solid financial shape, I turned it over to Brooke Macdonald, who remains CEO to this day.

The Truth About Cascabel

The Cascabel mine has gained the attention of BHP Billiton and Newcrest Mining, two of the largest mining companies in the world. They both have bought shares of SolGold, Cornerstone’s partner in the project. SolGold has the right to earn 85% of Cascabel by funding all exploration costs through to the completion of a bankable feasibility study. Cornerstone has the other 15% interest plus it owns about 10% of SolGold, effectively owning 23% of Cascabel. That’s one of the reasons I was happy to increase my already significant stake as a Cornerstone shareholder when the opportunity presented itself in 2016.

Although it was a risk to invest in a gold and copper early stage projects in Ecuador, the potential rewards were, and still are, tremendous. Even today, with all signs pointing to a positive outcome, Cascabel is still at the exploration stage. There’s a long way to go before the mine will see a profit. If you’re looking for quick and easy returns, the junior mining sector isn’t for you. But if you like doing research and have lots of patience, the risks can pay off in the long term.

Along the way, as a general rule, I sell enough shares to recover my original investment plus pay taxes on capital gains and then leave the balance of the investment until it hits my target price at which time I sell. Cornerstone has not yet hit my target price. However, I’m optimistic that it will within the next 12-24 months.

[pob69] 02/11/2018 17:25

New superb 38 page broker note from Red Cloud $SOLG.L $CGPC $SOLG #ECUADOR

"...We are publishing our initial estimates on SolGold Plc with a NAVPS of C$1.30 (current C$0.64). SolGold’s Alpala deposit is a world-class copper project with significant exploration upside.

We believe SolGold’s asset suit is coveted by multiple major miners that may lead to a competitive takeout scenario over the next two years.

We view Alpala and the wider Cascabel project as a world class deposit with scale potential that separates it from the pack.

We believe the maiden resource is set to double in December with room to grow further. As a result, we believe that the significant interest that major copper miners already have in SolGold is about to heat up.

"...Market is not pricing in pending resource update, let alone the premium warranted for this world class deposit. "

[arcadian] 02/11/2018 11:36

Correction

I am not disheartened. This is a good, well managed company with great assets that will appreciate in value. Given the interest in copper`s place in the changing world Solgold is a good and sensible investment.

[mam fach] 02/11/2018 11:12

We are all disheartened.
But we know it's worth holding on to.
Another of my sayings -they are not getting my shares!

[lefrene] 02/11/2018 10:53

This is like a poker game in aspic. A huge pot of copper/gold being lusted after by a crowd of misers. BHP got their feet a bit further under the table and NM got more time. Now waiting for NM to show what he's holding before any further bets are made. I just hope his stand off is worth waiting for.

[mam fach] 02/11/2018 09:25

Unfortunately price doesn't reflect true value.
Letting BHP make purchase direct has kept price down.
Looks like this will languish below 40p until more news.
Depressing for us long term holders.
You know what I always say- still a buying opportunity.IMHO

[goldrush] 02/11/2018 09:05

telbab

You are spot on. Anyone who tried buying 100m shares in the market ,even if over 2 weeks the price would have been up at 75p or more probably.....

Next buying pressure.....let the drilling results keep speaking for themselves and NM continuing to get the message out.....IMHO

[telbap] 02/11/2018 08:15

That is not correct.BHP were issued 100m shares by SOLG, they were not bought from the market, as if they were they would have paid a lot more once the MMs got wind of the deal. Check RNS once the news was announced, simply put SOLG issued 100m new shares to bring BHP on board at a premium to the then share price.

[onedb1] 01/11/2018 16:35

Well actually it's not as simple as that . We know Solgold is setting itself up to be sold eventually and by proving up as much resource as they can they will want to sell for as high as they can get . We have institutions like BlackRock as shareholders and BHP buying at 45p as well as NewCrest .. we are told in a RNS they had 15 majors interested .Value is not supply and demand . Supply and demand determine price at a point in time not value .I bet you that BHP would happily pay 45p for the whole lot same as NewCrest but it's clear that this is not the price in mind . Should be clear to all as it's been spelt out clearly I think Indeed profit is a profit but not earning the right profit is equally detrimental to an investment strategy . That's my 2 cents worth opinion though .

[mam fach] 01/11/2018 10:09

Very true.
A profit is a profit.
That's what it's all about.

[5070481] 01/11/2018 09:17

Price is determined simply by supply and demand. Nothing else generally. BHP wanted to buy 100m shares so demand was high and they couldnt get that number for less than 45p. ONce they were filled then a big buyer has been removed from the market. What is the next source of buying pressure to get it to push on?
PLenty of people looking at 100% profit on their investement at that level and are taking some off the table.

[onedb1] 31/10/2018 15:12

All a bit weird to be sub 45p . They won't have my stock . When you are bid 45 and told that is clearly the price that the owner won't sell below then selling at 38 seems like a mental connection I can't understand . Beyond me why market sold off . But each to their own . I just see these go for higher than BHP paid by quite a margin . Small size can trade at 38 big size can't . Says something ..

[onedayrodders] 31/10/2018 11:44

Hhmnn .. just as we were about to go 39p bid nearly 1m sale arrives (2x483k) .. being kept down ?

[lefrene] 30/10/2018 09:44

Waiting for the much heralded copper squeeze is like waiting for a bus in cold rain. I presume that large end users have some sort of rolling contracts with their suppliers with perhaps a two year forward hedge?

[mirabeau] 30/10/2018 08:39

Irwin adding to his CGP holding -


29 Oct 2018, 19:54
@sedi Cornerstone Capital Resources Inc. $CGP just filed 2 reports. View full report: SEDI:CGP
3
Share
from #insiders, about 4 hours ago
@Samson Does anyone what is Warren Irwin's average cost in $cgp? Thanks
1
about 3 hours ago
@Pete @BDMinefinder adding half a mill $cgp shares #index $solg.l
1
about 2 hours ago

[mam fach] 29/10/2018 14:41

Correction. Without lifting share price.
"They " are out there.
Not little green men.
Major miners wanting to get a share of Solg .

[mam fach] 29/10/2018 14:12

Certainly people are waiting to get their hands on any shares
coming up for sale from options. We will be the last to know.
Easiest way to top up their holdings with lifting share price.
Who "they" are is another matter.