Solgold Share Discussion Threads

[dmitribollokov] 20/12/2018 20:45

No - that’s the problem, it’s still a stock - actually primarily a copper stock and more importantly one that is a way off producing...So the stock market has more influence on the price than commodity prices...

[trev1223] 20/12/2018 20:44

While SOLG gold is in the ground the share price is not affected by the price of gold, the same applies to the price of copper. I did research on this for approx. eighteen months.

[alwaysevolving] 20/12/2018 20:00

The more the DOW sells off the higher it should push Gold? Good for Solg would have thought?

[dmitribollokov] 20/12/2018 19:20

Holy dow. I’m sure there were a couple of guys saying that the US might have a massive sell-off this week... ;-)

[mknight] 20/12/2018 19:07

5070481 Thanks

Looks like to me that some of the money coming out of the market is going into
Gold stocks . With 23 million oz it's looking great for SOLG.

Also at around 1280 we will have a breakout in the gold price which may see it shoot through 1300 and more.

[5070481] 20/12/2018 17:54

I think he meant the presumption that a concrete floor was in place.

[mknight] 20/12/2018 17:04

ODR

What was so funny ...

[onedayrodders] 20/12/2018 16:58

mknight20 Dec '18 - 09:02 - 14356 of 14370

LOL

certainly hope so !

[mknight] 20/12/2018 15:42

If your right lets hope Dimitri got back in .although he filtered me I think he is a good guy .

[mam fach] 20/12/2018 15:23

I think we are heading for a breakout,

[mknight] 20/12/2018 14:47

Mira

Jan.Feb or March

[mirabeau] 20/12/2018 14:36

PEA just around the corner..

[mknight] 20/12/2018 14:19

Gold flying today which will please NM.

Bet his been on the phone asking if there is any news on the permits .

[mknight] 20/12/2018 13:47

Alwaysvolving

Yes I agree lets hope it will be early I the New Year.

[alwaysevolving] 20/12/2018 13:44

If the permits drop this is going to motor IMHO.

[mam fach] 20/12/2018 12:37

You just know it's about to break out.
Once we break 38 I think it will go to 45p quickly.
Only my opinion .

[mknight] 20/12/2018 12:35

So still no permits for the 11 regional prospects . I bet they are upset with the delay. We know NM has said Blanca y nieve will pay for the exploration of ALPALA but obviously not if they cannot prove whats there .

[alwaysevolving] 20/12/2018 12:03

This feels like it’s gagging to break out to the upside? Continuing strength in the gold price (despite the Fed rate hike) can’t hurt.

It can’t stay in this 35-37 range forever. Just needs a bit of nice news to get us moving in the right direction.

[mknight] 20/12/2018 10:59

Christmas presants for the directors

Now where's ours.

[pob69] 20/12/2018 10:12

New summary of the year blog article $SOLG.L SolGold $SOLG $CGP #ECUADOR



It has been another busy and successful year for SolGold.

To kick the year off, SolGold released its Maiden Mineral Resource Estimate for the Alpala Project, which tethered on the edge of a globally recognised Tier 1 classification. The aggressive drill programme continued after that, with 12 rigs on site throughout the year working solely on expanding the high-grade core and delivering more intersections toward an ultimate goal to double the Mineral Resource by the end of the year.

Our Management team travelled extensively this year to promote SolGold and meet with existing and prospective shareholders at a number of different worldwide conferences and company roadshows. SolGold aims to continuously increase awareness on SolGold’s strategy to emerge as a Tier 1 copper and gold producer in Ecuador.

This year saw mining majors BHP and Newcrest Mining further endorse the Company and the Alpala Project by increasing their shareholdings on separate occasions.

In October, BHP increased its holding to 11.2% by subscribing to 100 million shares at 45p to raise £45m (USD $59.2 million) for SolGold, with the intent for the raised capital to go straight back into the exploration budget.

More recently, Newcrest bought another 28.87 million SolGold shares from third parties at a premium price of 40 pence – upping its investment to 15.3% of the Company.

Earlier in the year, SolGold appointed James Clare as a Non-Executive Director to the SolGold Board of Directors and Eduardo Valenzuela as its Study Manager. James and Eduardo will help SolGold's efforts at both corporate and project levels to achieve world class outcomes for shareholders.

Throughout the year, SolGold has completed grassroots exploration across a vast number of the 72 regional concessions which has helped identify 11 priority targets across the spine of the Andean Copper Belt in Ecuador.

The 11 priority projects are;

- Blanca
- La Hueca
- Rio Amarillo
- Cisne Loja
- Salinas
- Chillanes
- Sharug
- Cisne Victoria
- Timbara
- Porvenir
- Cisne Loja Target 15

Ongoing exploration will focus on advancing these priority projects, through geophysical surveys and detailed soil geochemistry, with a view to progress to drill testing as soon as drilling permissions are granted.

All of the 11 priority projects are held within the Company's 100% owned subsidiaries: Carnegie Ridge Resources, Green Rock Resources, Cruz Del Sol S.A. and Valle Rico Resources.

SolGold was once again recognised for its achievements at the Mines & Money Awards Night in London, winning Mining Company of the Year (Latin America) and our CEO Nicholas Mather, won the coveted CEO of the Year (Exploration), highlighting his ongoing determination and leadership strengths for the second year in a row.

SolGold achieved its main goal for the year and indeed, doubled the Mineral Resource Estimate – with the Alpala Project now being globally recognised as a Tier 1 deposit.

In addition to SolGold’s strong geological work across Ecuador, 2018 saw an increase in our commitment to community projects and environmental impacts. Construction of the Cascabel Bakery was completed and is now baking bread and sweets for the local communities.

SolGold also developed a chicken farm for the surrounding communities and has been an actively involved in the local recycling plant this year.

SolGold is looking forward to achieving another successful year in 2019. Our team is busily working on the Preliminary Economic Assessment which is due for release in the first quarter. 2019 will see ongoing drilling at the Alpala Deposit, and continued exploration across SolGold’s regional priority targets.

We’d like to take this opportunity to thank all of our shareholders for their support throughout the year and wish you all a Merry Christmas and a Happy New Year!

[wisteria2] 20/12/2018 09:33

Following the allotment of these share options, the Company has on issue a total of 1,846,321,033 fully-paid ordinary shares, 21,250,000 share options exercisable at 40p and 141,262,000 share options exercisable at 60p.

[mknight] 20/12/2018 09:21

There's the AGM news now just need the regional update.

[mam fach] 20/12/2018 09:01

Important environmental issue which must be dealt with.
Let's hope there isn't more to this than meets the eye.
Why now?

[mknight] 20/12/2018 08:32

I would imagine if it was important the company would have had to report it to the market . They obviously think it just a paperwork issue .

[onedayrodders] 20/12/2018 08:32

This is some concrete ceiling :0/