Solgold Share Discussion Threads

[mam fach] 23/11/2018 09:26

Nothing short of a done deal is going to shift share price.
What a pity.
Still think best option would be sell off Alpala
and carry on exploring other districts of Cascabel.
Think price should be double current one .
But what do I know.

[zeusfurla] 23/11/2018 07:57

Mirabeau Thanks for good article - '11 more...?' I think Nick is back in full-on sales pitch mode as he was a couple of months ago and in advance of next weeks mines and money - he's looking for a conversation or 2 next week and maybe even a bid before Xmas? 11x Alpalas is not realistic but who in the industry doesn't know about SOLG now given all the PR? The PR is there even if the share price remains straitjacketed for now. After all any prospective bidder wouldn't be buying up shares in the market - they'd want the share price to stay low. I'm almost expecting him to turn up at mines and money next week with a truckload of free samples to give away....

[mirabeau] 23/11/2018 05:34

zeus - I agree. He's open to an offer, but at the right price.

[mirabeau] 23/11/2018 05:33

11 more to come?

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23 November 2018

Nick Mather: 'We've got 11 more where that came from'

SolGold has just arrived in the mining elite with its new mineral resource estimate at Alpala, which is 2.95 billion tonnes at 0.52% copper, with a 0.2% cutoff. The kicker is the high-grade core of 420 million tonnes at 1.47% copper.

Mining Journal caught up with SolGold CEO (and major shareholder) Nick Mather in London this week following the doubling of the resource.

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It's subscription article so can't get access to the interview...grrrr

Is this type of hubris normal for a CEO? Mather's saying SOLG have '11 more where that came from'? That's a pretty bold or a pretty stupid thing to say.

What's Mather's game here? I am most intrigued by his strategy.

[zeusfurla] 22/11/2018 21:40

Mirabeau I liked this quote - 'For us to sell it (entirely to BHP), the price has to be right. There has been no discussion about that," Mather said.' In other words he hasn't ruled out further discussion, he is actually encouraging it and welcoming it. The signs are there for all to see where we are going with SOLG imho.

[mam fach] 22/11/2018 20:16

Thank you for the article. Very much appreciated.
Seems like Solg is being bombarded with reviews, updates & company presentations.
All falling on deaf ears or perhaps only shareholders are reading.
How much longer can Solg languish @ this ridiculously low price.

[mirabeau] 22/11/2018 19:59

Pob69 - you find some top stuff fella. Thanks, appreciated. I've posted your CEO.ca article on L-SE. I hope you don't mind

[pob69] 22/11/2018 19:23

Cannot say fairer than this from Chris Parish National Investor Newsletter $SOLG.L Solgold $SOLG #ECUADOR $CGP

It was only a week and a half ago that I passed along the latest impressive assay results from SolGold's ongoing aggressive drilling campaign at the monstrous Cascabel concession in Ecuador.

A bit ahead of expectations, SolGold this week released the eagerly awaited
upgrade to the initial resource estimate on the Alpala prospect area. And suffice it to say, it was the latest big step in the evolution of this world-class asset; now, to official "Tier One" status.

Keep in mind that the HUGE resource at this now Tier One asset continues to grow; yet is just one central target of many at what should be a multi-generational producer of Cascabel.

The biggest takeaway of this week's news was the growth of the high-grade "core" area at Alpala. Now, the overall, growing resource is anchored by a larger highgrade indicated resource of 400 million tonnes of 1.49% copper
equivalent. That breaks down to what will likely be an initial development target (as of now) containing 3.6 million tonnes of copper and 11.9 million ounces of gold.
Said President and C.E.O. Brooke Macdonald of Cornerstone (the initial discoverer and concession owner at Cascabel), "We are pleased that the increase in high grade resources has been added within or adjacent to the previous high grade envelope suggesting a robust target for early extraction of higher grade material. We are also confident that continued exploration on other Cascabel targets will add to the total mineral inventory."

That the core is now far larger is a step in the overall de-risking of
the project, and revealing it as one that could be developed at an acceptable cost given these high grades. Further, with the entire resource (albeit some of the rest right now at lower grades and still inferred) now totaling 10.9 million tonnes of copper and 23.2 million ounces of gold, it is additionally the "Tier One"-sized asset that majors will want to have.

RECOGNITION GROWING ELSEWHERE
Happily, our Members got in on the ground floor here, when both SolGold, plc (TSX-SOLG; LSE-SOLG) and Cornerstone (TSXV-CGP; OTC-CTNXF) were selling for a fraction of their present valuations. Now, with Ecuador generally and Cascabel particularly bursting to the front of the line of the consciousness of the world's mining industry, belated coverage is appearing elsewhere at an increasing rate. And that's especially true following this week's resource upgrade!

It's universally expected that the many outstanding assays still here from 2018's drilling will ultimately add further to the overall resource, as well as converting still more of it from the inferred to indicated categories. It's uncertain as of now whether that all will manifest itself in yet another upgrade, or maybe first in what is an expected upcoming PEA in the first half of 2019.

Aside from that, I'm especially interested in two possible looming developments:
1. Any new satellite discoveries away from Alpala, especially any that are nearer surface. Such a thing would provide further attraction to the idea that the overall Cascabel concession is its own bona fide mining camp in the making; one that could produce for generations.
2. The next moves by BHP Billiton, Newcrest (and/or others?) to get their own bigger piece of this monster. These latest numbers have prompted analysts covering SOLG to significantly up their price targets on that company; on average to more than double its current market price. And no doubt chatter will be increasing as we move toward the day when one or more of these global mining giants steps up in a bigger way to make sure IT will at least have a major hand in developing this deposit some day soon.

In the case of Cornerstone, it's overly simplistic to expect that its
shares, too, should merely keep up with SOLG, given that CGP owns--
both directly and indirectly--some 23% of Cascabel. As I have explained previously, it conceivably could be the key to eventual majority control of Cascabel for another company.

Already, some were speculating that either Newcrest (which presently owns 14.5% of SolGold) or BHP (now up to over 11%) could just as easily buy Cornerstone as anything else to increase their stake. Now that the growth of this world-class resource into a Tier One asset is confirmed, this talk may well increase.

I'll repeat what I said the other day: Things should continue to
get ever more interesting here!

[mam fach] 22/11/2018 14:49

I accept that as long term holders we may have rose tinted spectacles.
Perhaps others see that actual mining is fraught with uncertainty.
We will all have to wait to see how this pans out.
Whether as shareholders or as watchers on the sidelines.
Choice is yours.

[gold panda] 22/11/2018 13:48

Best Drill Interceptions In The Metals Mining Sector For The Week Ended 18 November 2018

[arcadian] 22/11/2018 13:43

Selling on the MRE news can look and feel quite smart until, that is, the next unexpected news when one has to play catch up. With such in demand assets and brokers all agreeing that the share price should be c. 80p, I agree with you Mam. I wrote previously that any sensible predator would ensure that the share price is held down and MIRA suspects something like this is happening. The stability of the current share price is unnatural given the prospects for the assets and the firm, so that at some unexpected point the savvy sellers will regret their short sighted opportunism.

[mam fach] 22/11/2018 11:24

Why would anyone want to sell now.
It's like waiting for Christmas.
We know it's coming.

[lefrene] 22/11/2018 11:20

Unless you badly need money to solve a problem elsewhere, then I see no reason to let go of these unless you think you can day-trade them. Alpala alone is huge, everything else is in for free.

[5070481] 22/11/2018 07:52

LOoks like some large sellers are going to put a cap on this at 39.5 maximum. There was an inceberg sell on 38 all afternoon yesterday as well

[mam fach] 21/11/2018 21:49

Looks like Onward and Upward tomorrow.
But you can never tell.
This is way, way undervalued. IMH

[trev1223] 21/11/2018 15:31

I notice that the spread % has narrowed down to o.394% which is another good sign.

Edit: now 0.263%

[lefrene] 21/11/2018 14:59

This a game for global players, the biggest hitter gets it, unless of course there is some kind of inside deal between bidders, an old fashioned auction ring. In which case NM might reject a low ball bid and approach those Canadian bankers to get the funds to start production using Newcrest technical help?

[mikalan] 21/11/2018 14:53

Would it be a reasonable assumption that BHP took their 11% as a 'Blocker' to other potential suitors while they assess the assets and prepare a bid?

[lefrene] 21/11/2018 14:43

We see more and more reasons to hold now, I don't see any reasons that would prompt me to sell.

[pob69] 21/11/2018 14:32

Cormark's comments on MRE update $SOLG.L Solgold $SOLG #ECUADOR $CGP just tweeted by Solgold

‘High-Grade Core Doubles In Second MRE’ TP raised to C$1.40 from C$1.20

[mirabeau] 21/11/2018 13:50

BHP going shopping

Today 13:46




RBC: BHP going shopping

BHP (ASX:BHP) outlined a detailed plan on how to not waste a whole lot of shareholders’ money again this week, and RBC Capital Markets analyst Tyler Broda thinks the plan looks good on paper.

If Andrew Mackenzie can stick to a plan that will see short-term pain, he might get another tier 1 project

Broda said BHP could get "first-mover advantage into the next cycle" if it sticks to its new framework.

"We therefore see BHP as likely much more active in M&A going forward, especially should the target have high quality growth

The major's CFO Peter Beaven summarised the plan as looking earlier at possible big plays'..

rest is subscription..

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interesting



60 minute presentation from last night by BHP's Beaven