Solgold Share Discussion Threads

[mknight] 14/12/2018 05:04

Dimitri

I think the market will have a great 2019 .Too many people talking it down .

Employment at record highs .

Company profits at record highs

Inflation low

Interest rates still low

And the most important of all where else are you going to get over 2 per cent for your money . Until that changes forget about crashes etc .

Just to add you are trying to make a few p from a share that will probably be worth a few pounds in a year or two.

The Dow by the way has been up the last 4 days .

The Sp will go up and you my friend will be sitting on the sidelines still telling everyone the world is going to end . So dont be silly go and buy them back before it costs you alot more money to do so .

[mam fach] 13/12/2018 23:41

Increase in BB chat today.
Not transferred to share price yet.
Never the less being tipped is positive.
Not sure if I agree with 80p-120p.
GLA

[hillfoot7] 13/12/2018 23:01

Also thought of bailing out sub 35p,so glad I didn't.

[dmitribollokov] 13/12/2018 22:32

Wider mkts still look like they are going to puke, all boats float lower in a sinking tide...

[mknight] 13/12/2018 21:41

Thanks pob69

I notice on lse they are talking about future shareprices with most from 80p to 120p ..

Mine is multiples of their numbers based on the fact that we have selected from a long list 11 targets .

Just give us the permits and let NM and his team get drilling .

[pob69] 13/12/2018 21:33

Article profiling AFR's Business Person of the Year 2018: BHP's Andrew Mackenzie turns to his growth legacy including a short reference to $SOLG.L Solgold $SOLG $CGP #ECUADOR

"It is also, incidentally, why BHP has moved itself into the copper quest in Ecuador. It has secured greenfields exploration territory and acquired a platform shareholding in junior SolGold that appears to be sitting on a world-class copper discovery in the jungle-clad northern fringes of the Andes."

[pob69] 13/12/2018 20:33

UK Shares Magazine coverage of top performing shares in 2018 includes midcap £500M TO £1BN value $SOLG.L Solgold $SOLG $CGP #ECUADOR

Shares in copper explorer SolGold (SOLG) were looking a bit sleepy for the first nine months of the year as it ploughed on with drilling at its Alpala
prospect in Northern Ecuador. The share price burst to life in September when FTSE 100 miner BHP (BHP) acquired a 6.1% stake in the business, picking up the shares from Guyana Goldfields which sold out completely. A month later BHP invested £45m for more shares, taking its stake to 11.18%.

In 2017 BHP tried to cosy up to SolGold by proposing to invest money to earn up to a 70% stake at the project level and on its own terms. SolGold rejected the proposal as it didn’t want to give away that sort of upside.

The two companies are now getting on famously as BHP has invested at the plc level, at a premium to the market price, and on agreed preferable terms to
SolGold.

While the miner is years away from thinking about developing the project into a commercial entity, there is ongoing speculation that BHP will ultimately
be the owner and operator, assuming SolGold continues to prove up large amounts of copper.

[mknight] 13/12/2018 19:59

Mira

Thanks for the IC update .

[mknight] 13/12/2018 19:57

Permits is what we need . Those rigs can only do so mich more work in Alpala

Christmas presant from NM ?

I think so as the Ecuadorian minister said that they would be investing 90 million in 2019 and we all know in wont be all in Alpala .

[mirabeau] 13/12/2018 18:29

I promised myself I wouldn't get into any arguments today...filtered ffs

[gersemi] 13/12/2018 18:25

It's all in a good cause - wind yer neck in

[gersemi] 13/12/2018 18:15

Bought some today - then found this on the LSE thread from Mr Mirabeau

IC today
Today 18:13
SolGold takeover looks likely

By Alex Newman

Long-term investors in SolGold (SOLG) can look back on 2018 with some satisfaction. Despite initial doubts around the ‘tier one’ status of the company’s Alpala discovery in Ecuador, the mineral resource has now doubled, and the copper-gold explorer now counts BlackRock and BHP Billiton (BLT) as major shareholders. All the while, the cash pile has remained topped up as shareholders have continued to buy new equity, and mining majors’ hunt for the next copper-gold project has only grown in intensity. As such, we think there’s a reasonable chance SolGold will be snapped up in the next year.

SOLG:LSE

SolGold plc
1mth
Today change
-2.02%
Price (GBP)
36.45

This doesn’t mean a sale is guaranteed. Last month, six days after telling investors that Ecuador copper exploration was among its highest return (albeit highest risk) capital options, BHP informed the market of the potential discovery of a new iron oxide, copper, and gold mineralised system 65km south-east of its Olympic Dam mine in South Australia. Such a revelation doesn’t negate BHP’s interest in SolGold’s Cascabel porphyry project, which the commodities giant has described as “high quality” and in a “highly prospective location”. And clearly BHP would not have spent £72m on SolGold stock – including October’s £45m placing at a premium of 45p a share – if it didn’t have some faith. So it’s worth remembering that SolGold could be transacting with a well-capitalised £90bn company.

BHP has also bought itself some time, as the £45m fundraising came with anti-dilution rights, which will keep its holding at or above 10 per cent for the next two years. At present, it owns 11.2 per cent of SolGold, and can increase its stake to match that of potential rival bidder Newcrest Mining (Au:NCM), which has 13.6 per cent.

Both shareholders will have cheered recent events. On 20 November, SolGold published its updated resource estimate for Alpala, which has increased by 67 per cent to 12.3m tonnes of contained copper equivalent in under a year. That’s based on a 0.3 per cent copper-equivalent cut-off, and less impressive than the doubling of high-grade metal inventory to 6m tonnes at a 0.9 per cent cut-off. All of this looks set to grow in 2019, as SolGold expands the drilling programme while mapping out 11 other drill-ready ‘priority projects’ across Ecuador.

For broker Liberum, which sees most of Alpala’s value in a high-grade block cave, the update confirmed the project’s “place as a top 10 global greenfield copper project by size and top 4 by grade”. Assuming long-term prices of $3 (£2.38) per pound of copper and $1,200 an ounce of gold, and a buyer’s desired 15 per cent internal rate of return, the brokerage puts Alpala’s net present value at $3.75bn.

IC View

Owing to underinvestment in new projects and booming demand from global electrification, almost all mining majors want to increase their exposure to copper. And within the scarce pipeline of potential developments, Alpala is a unique prospect. It has no permitting or geopolitical issues to speak of, isn’t owned by a rival and is of sufficient scale to make a difference to any major’s portfolio. Liberum thinks this combination warrants a take-out price of 72p, as the mid-point between the median internal rate of return, and the average resource-based multiple for transactions in the sector. Hannam & Partners goes one further, arguing that the recent resource shows “the blue-sky potential” for a forthcoming preliminary economic assessment, and warrants an 80p target price. We’re bullish too: buy.

Last IC View: Buy, 40.3p, 17 Oct 2018

end

[onedayrodders] 13/12/2018 16:30

Mind you could have made a small fortune trading these mini zig zags since October

:o/

[mam fach] 13/12/2018 13:14

Made right choice with Solg.
Don't want to be not holding when news comes.
Then we have decision do we sell some?
Off course if there is a takeover decision will be out of our hands.
FWIW don't think that will happen soon.

[shakester2] 13/12/2018 10:55

Ditto for me too. Wasted many years and even more thousands trying

[mknight] 13/12/2018 10:32

dmitribollokov

Thanks for being honest , i use to try and trade but i was not very good at it so now days its buy and hold for me.

Goodluck with your trade , i think you will be ok unless they release permit news or
a stunning set of drills at Alpala .

[dmitribollokov] 13/12/2018 10:23

It never just goes up to the end price though. It’s a calculated risk, but i do feel slightly naked without the position on.

[arcadian] 13/12/2018 10:04

"few" is debateable as this company can surprise, producing a significant rise and thus a lost opportunity but it`s a plausible case and that`s what makes a market. It seems to me that the chances of good news exceeds the chances of bad hence I am a remainer.

[dmitribollokov] 13/12/2018 09:52

Sold because I don’t like the markets and think i can but back cheaper. Risky, but if an RNS drops i’ll buy back in miss out on a few p rise...

[5070481] 12/12/2018 20:23

My point was simply in weak markets prices can be moved down and they tend to recover once a bit of confidence returns. A lot of people seem to think it is more mysterious than demand supply. We dropped on sells and we have risen on buys. Look at Dimitri. He's not manipulated price but put a 200k sell order in that helped cause some weakness. Sometimes there are simply more sellers than buyers in the market. Huge difference between short term trading and long term investing.

[mknight] 12/12/2018 18:43

5070481

Copper was flat today ..source cnbc 2.76

[zeusfurla] 12/12/2018 18:37

Freed up funds from elsewhere to add c70k more today. Long-term story is really positive even with just Alpala. LSE has some excellent posters but has had some issue lately which I hope will blow over - good source of info.

[mknight] 12/12/2018 17:34

5070481

Someone added over 300k today that helped .

[5070481] 12/12/2018 17:04

Markets up and copper up today hence solg up. It's a rarely the mystery or conspiracy that people think