Solgold Share Discussion Threads

[arcadian] 15/1/2019 18:47

The sector reacted well to the Chinese boosting their economy.

[mknight] 15/1/2019 15:32

SALE NOW ON.

[mknight] 15/1/2019 14:07

3.5 billion would be 1.80 just for the gold .

36p The market must feel that there will be problems with Ecuador going forward .we cannot even get over Newcrest and BHP last price .

Patience Timothy.

[arcadian] 15/1/2019 13:55

Thanks. I`m more optimistic about our gold in that miners seem to make $2-300 profit on every oz sold so I have 3-4 billion.

[mknight] 15/1/2019 13:43

Interesting article about Newcrest being a buyer on the lse BB.

[mknight] 15/1/2019 12:14

Arcadian

Indicated reserves 25.5 million probable 32.4 million

They are obviously in production have infrastructure etc and got sold for 10 billion .

What would our value be ... Approx 2 billion imho based on 90 cents per oz in the ground .

As the rigs are still bashing away in Alpala we may add another 2 million oz of gold .

[arcadian] 15/1/2019 11:33

Thanks to both for that.

Has anyone seen any figures of the Goldcorp reserves to give an idea of the $ per Oz that were paid?

[zeusfurla] 15/1/2019 09:26

Thanks to zho on the ARS BB who I hope doesn't mind me posting his link to this report on Goldman Sachs views on Copper Prices for 2019.

[5070481] 14/1/2019 21:53

Newmont were never in the running as far as I was aware. Game still playing out between bhp and newcrest

[mknight] 14/1/2019 12:54

As it's an all share deal I don't think it affects their interest in SOLG . In fact it might work in our favour .

[sogoesit] 14/1/2019 12:07

Not necessarily imv.
There is a shortage of gold prospects and grades are decreasing.
As I understand it that's why institutional investors are encouraging consolidation (economies of scale). To me this implies that the smaller companies will sell out to the larger ones albeit that Mr Mather wants to become an operator rather than just an explorer.
But, I may be wrong.

[onedayrodders] 14/1/2019 11:29

yes Good to see consolidation but does that remove 1 potential buyer of SOLG

[dmitribollokov] 14/1/2019 11:03

Newmont just bought Goldcorp for ~$10bn...

[alwaysevolving] 14/1/2019 10:06

Given NMs previous track record of beating deadlines with this sort of thing Mknight, I have a feeling we won’t have to wait till the end of March for the PEA. Could well come later this month/Feb.

[mknight] 14/1/2019 09:58

Well we all know PEA news will come before the end of March. Will it be this month ?

[mknight] 14/1/2019 07:57

Good morning

Lets see if we start the way we finished Friday.

[zeusfurla] 11/1/2019 22:08

pob69 Thanks for spotting this interesting post. Although there may not be any bid around just now, someone at CGP obviously thinks there might be in the near future.

[pob69] 11/1/2019 21:54

News out for $CGP which will interest shareholders in $SOLG SolGold SOLG.L #ecuador

Cornerstone Adopts Shareholder Rights Plan - which includes the following;

The Rights Plan has been adopted to ensure, to the extent possible, that all shareholders of the Company are treated fairly in connection with any unsolicited take-over bid or other acquisition of control of the Company and that the Board is provided with adequate time to evaluate unsolicited take-over bids or other acquisitions and to identify, solicit, develop and negotiate value-enhancing alternatives, if appropriate, to such take-over bid or acquisition. The Rights Plan is not being adopted in response to any specific proposal to acquire control of the Company, and the Board IS NOT aware of any pending or threatened take-over bid for the Company. (My edit in bold)

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[mirabeau] 11/1/2019 19:21

The current price's looking very solid indeed and if we strip out all the 'off the touch' sell orders (detritus) off the order book then we have a well balanced order book. Neither side (buyers-sellers) is dominating at present but all that can change in an instant. Expect the same for the foreseeable future (famous last words)

[mknight] 11/1/2019 18:45

Yes about time .

2.00

[arcadian] 11/1/2019 18:20

Decent buys near the close.

[yufff] 11/1/2019 17:45

£2.50

[markth126] 11/1/2019 17:32

What kind of number do we think would be realistic take out price that would be accepted