Solgold Share Discussion Threads

[trev1223] 11/12/2018 14:31

Ward also describes the Alpala resource estimate as a ‘bit of a dream come true’ and refers to the employment of ‘upwards of 7,000 people’ at Cascabel as the company goes into construction.

Does this mean that BHP and Newcrest are out of the equation with regard to Cascabel?
Does Solgold have the finance to go it alone?

Just a thought.

[noccer] 11/12/2018 14:11

SP Angel says "Potential shallower resources to NorthWest at Trivinio offers the potential to dramatically change the economics of the Alpala project if shown to have significant higher-grade copper/gold mineralisation."

Funny, I thought the Trivino/NW Alpala find was potentially a deep porphyry core, and that the shallower areas were to the SE and to the West of central. I don't expect either to have a huge effect on the economics. share price Angel must have seen something I haven't.

[mirabeau] 11/12/2018 13:54

mkn - Yes, I read that somewhere as well. Let's see if this particular theory is proven correct..

[mknight] 11/12/2018 13:52

A 1 trade sometimes means news tomorrow

[pob69] 11/12/2018 13:30

House broker share price Angel's comments on yesterday's videos $SOLG.L SolGold plc Solgold $SOLG $CGP #ECUADOR

Solgold* (SOLG LN) 34.8p, Mkt Cap £643m – Other exploration around Alpala driving SolGold •

A recent interview by Jason Ward, SolGold’s Country Manager describes the other exploration within the license area at Cascabel and elsewhere in Ecuador. • Ward refers to making discoveries with the regional projects – 11 high-priority projects, where they are applying for drill permits and will be drilling in 2019 • The Blanca epithermal target is 8km NW of Cascabel while another epithermal target in the South shows high-grade gold veins all over the mountain. • A number of porphyry targets also host allot of potential according to Ward who has spent the last few years in Ecuador. • Ward also describes the Alpala resource estimate as a ‘bit of a dream come true’ and refers to the employment of ‘upwards of 7,000 people’ at Cascabel as the company goes into construction. • See: hxxp://www.solgold.com.au/videos/ •

A second video on the SolGold website shows Benn Whistler, the Technical Services Manager talking about the 2019 drilling program. • The drilling contractors had a busy year drilling 120,000m at Alpala. The campaign has drilled out most of the resource though the resource remains open at shallower levels to Alpala SouthEast and Alpala NorthWest / Trivinio with some higher grade zones within a hydrothermal breccia indicating the probability of some highly mineralised rock below. • This will use some 7-9 rigs in 2019 to determine what lies in this area. • The drillers are also gearing up for a load of geotechnical drilling to check ground conditions for a planned decline, implying that the team are gearing up in preparation for a positive decision on the financing and development of the Alpala project. • The team is looking to prepare the ground through geotechnical drilling for stockpile, plant, tailings areas etc.. • Benn sees focus also extending to the regional projects outside the Alpala where the Alpala model is grey. • Any remaining rigs will move onto the more regional targets. •

A further video shows, Eduardo Valenzuela, the Preliminary Economic Assessment study manager, extoling the virtues of underground and block cave mining and the relatively small footprint which will be used at the Alpala project if it is mined. • Valenzuela, refers to the early extraction of a cohesive high-grade core at Alpala and the relative benefits of the location in terms of its proximity to water and power supplies and relatively low altitude. • Metallurgical work is ongoing and it will be interesting to see the recovery rates of the copper with the gold and how this impacts plant design and tailings issues. • The high grade zone shown in company presentations runs at >1.5% copper equivalent surrounded by >0.7% cu eq and >0.3% cu eq mineralisation. • SolGold recently upgraded its maiden mineral resource estimate for the Alpala project to an indicated resources of 2.05bnt grading 0.6% copper equivalent, at a 0.2% cut-off. An additional 900mt is also classed as inferred at an average grade of 0.35% copper. • The updated study also significantly expanded the high grade core of the deposit, defined by the 0.9% copper equivalent cut-off grade, to 420mt at an average grade 0.86% copper and 0.9g/t gold for an equivalent copper grade of 1.47%.

Conclusion: SolGold has assembled an enthusiastic technical team at Cascabel who are methodically drilling through and around the resource. Drilling continues to intersect long and highly mineralised sections and should now enable the evaluating the potential economics of a large-scale underground block-cave mine at Alpala in Ecuador. The latest two drill holes reported show mineralisation starting from 1,004m down the drill hole followed by a second hole where mineralisation starts at 740m down the hole which are fairly typical of the Alpala resource, both holes will be near vertical. It will be interesting to see the results of the PEA, the estimated multi-billion dollar capital cost and the value this gives to this large-scale underground project. Potential shallower resources to NorthWest at Trivinio offers the potential to dramatically change the economics of the Alpala project if shown to have significant higher-grade copper/gold mineralisation. Both BHP (US$45M) and Newcrest (US$62.8m) have put substantial sums into the company and while this may be small change for some, the funding should enable the evaluation of a large-scale development plan.

*SP Angel acts as broker and advisor to Solgold. share price Angel have raised funds for SolGold on eight previous occasions.

[mam fach] 11/12/2018 12:58

Looks like investors agree with me.
Another buying opportunity.
This may be your last chance.

[mad foetus] 11/12/2018 12:38

Spread narrow, usually comes before a big move up.

[mknight] 11/12/2018 12:36

Now if you sold out yesterday what would you do. Wait to see if it goes back down or jump back in and learn from the mistake . Must be hell .

[mknight] 11/12/2018 09:09

You have to wonder how many pi,s who sold yesterday are thinking...why did i panic yesterday. When/if it starts rising today how long will it be before they try to come back in and what price they will have to pay .

[mirabeau] 11/12/2018 09:09

Yes guys and gals - let's hope for a decent 2019 with good surprises

[mknight] 11/12/2018 09:06

Zeusfurla

I agree , thats why i feel the grant of the permits will send this soaring possibly more than PEA

[zeusfurla] 11/12/2018 08:01

Mira and mk Looking across the few shares I invest in I am most happy with SOLG, strange to say. The sovereign risk is as well managed as it could be and everything else is risk to the upside. As ever patience required - not a strong point! Ignoring Brexit as it has short-term relevance only.

[mirabeau] 11/12/2018 07:59

Yes, SOLG's future is bright, that's for sure

gla

[dmitribollokov] 11/12/2018 07:54

This is going to trade with the wider market. Loads of similar small caps got smashed yesterday. Decent enough comeback in the US last night, but i don’t think the mkt is out of the woods yet...

[mknight] 11/12/2018 07:47

Mira

Once those permits come in and with a bit of luck drilling 2019 could be one hell of a year for SOLGOLD.

After spending yesterday watching most of the videos made in 2018 i have no doubt that we can see the share price at many pounds .

Its just a case of adding and holding . I will up my holding by 100,000 shares around Christmas when some funds become available.

[mirabeau] 11/12/2018 07:39

I thought yesterday's fall was somewhat out of the ordinary. It felt contrived and orchestrated. The order book's been set up for some price dampening now for weeks with a stacked offer and puny bid depth - that's a recipe for a price fall...

From 45p I have now given back around 10K in paper profits. That's gut wrenching for me personally though for some on here and on LSE I suspect the figure's far higher

For all the great news to date and BHP's entry at 45p the price looks very weak, technically.

It's a bummer but this is what happens when takeover rumours circulate and then are neutralised by company news of a different kind

It's all about investing timescales, I suppose

[mknight] 11/12/2018 07:32

Confirmation of the permits are all we are waiting for before it gets really exciting .

They could come this week or before Christmas.

What would that do to the share price

[mknight] 11/12/2018 07:32

Confirmation of the permits are all we are waiting for before it gets really exciting .

[5070481] 10/12/2018 23:29

PLeased he doesnt slag off his own management team on twitter ;)

[pob69] 10/12/2018 21:27

Very telling Nick Mather's 2nd ever tweet concerning the above set of videos from $SOLG.L Solgold $SOLG Management team. $CGP #ECUADOR.

"...I couldnt have imagined a better set of leaders for the Alpala Project #SolGold"

[mknight] 10/12/2018 20:35

Interesting

Last time we had a down day like today from 34ish to 31.5 .. 3 days later the share price hit 45p.

[mknight] 10/12/2018 19:24

Mira

A brave man that shorts NM .

If they are working hand in hand with the Government as it seems then the rigs maybe moving very quickly to explore 3 new sites .

[5070481] 10/12/2018 18:37

Markets always look weak into the SAnta rally period. Crash down adn let the big boys load up for a couple of weeks fun. WOuld have preferred less volume on this drop though

[mirabeau] 10/12/2018 18:16

CGP and Newcrest enter into an agreement in Chile.....interesting

[mirabeau] 10/12/2018 18:10

I'm keeping hold for full value and let the Canucks do their shorting best..the Stand-Agreement was a green-light to the shorters