Solgold Share Discussion Threads

[sogoesit] 16/1/2019 18:27

Surely the next realistic "marker" would be 45p; the price BHP paid?

[trev1223] 16/1/2019 15:39

yuff: Hope that you are right, but it is not going to happen until mining and production starts and that assumes that SOLG does the mining and not an outsider.

[yufff] 16/1/2019 14:16

60p x 4 minimum for heavens sake.

The dross posted here is unbelievable.

[mknight] 16/1/2019 14:11

If it is then I do wish they would hurry up .If we are going to get robbed then I am sure it's less painful if they do it quickly .

Just to add atleast NM would get a few more shares from his options at 60p .

[trev1223] 16/1/2019 13:35

mknight: While the gold and copper are still in the ground, you may be more right than you think, and 60p could be a possibility. imho.

[arcadian] 16/1/2019 10:33

It is both flattering and frustrating that interested parties take the trouble to contain the share price

[mknight] 16/1/2019 09:05

Mikalan

It looks fantastic but you always are a little concerned when we should be trading at 3 times the share price for just the gold we have in the ground . The fear here is that even after the PEA we will still be trading at simular levels and someone takes us out at 60p

[mikalan] 16/1/2019 08:25

Agree, but would imagine BHP already have a pretty good idea what it contained before buying their stake which implies that it must be positive.

[mknight] 16/1/2019 07:54

MIKALAN

I would imagine the BHP and Rios of this world need it before committing 100 per cent .

[mikalan] 16/1/2019 07:42

We all expect and hope that the PEA will be the catalyst that propels the share price north. The investing psychology around this is interesting. If, as we assume, investors are waiting for the PEA then they are playing a very conservative game. Not buying in advance for fear of a poor report and risking missing significant upside. I guess that's the nature of larger investors.

[mknight] 15/1/2019 20:51

Husbod

Just might be copper and gold will rise together . Lets get the PEA out and we can get cracking .

[husbod] 15/1/2019 20:32

The worlds largest gold miners are teaming up in the face of a flat gold price and declining returns from their existing mines, which are slowly being depleted. New discoveries of mines are few and far between, making the consolidation of a traditionally fragmented industry more tempting, while investors have spurned holding gold and gold equities, keeping share prices depressed.So says the Telegraph today.Works for us in any number of ways.

[mknight] 15/1/2019 19:28

I don't think we are going to do much either up or down until the PEA comes out.

[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.