Solgold Share Discussion Threads

[dmitribollokov] 21/1/2019 11:06

Wow, that will wake institutional guys up. Jpm coverage (esp with that px trgt) is a big moment. This will re-rate on that after PMs have time to do their work...

That 90p will be their first blush really conservative estimate. They never go too far from current share price, 90p is surprisingly large departure for a shop like JPM.

[jerryspaniel] 21/1/2019 10:36

First decent heavy hitter with a view. This is more than a little significant imho.

[pob69] 21/1/2019 09:37

This is positive. Tweet from $SOLG SolGold SOLG.L (with interest to $CGP) #ecuador

"SolGold featured in @jpmorgan latest note 'SolGold - A major discovery worth fighting for; initiate with Overweight’"

Initiation with a 90p price target.

[mam fach] 21/1/2019 09:20

It's like a jigsaw puzzle. Most of the pieces are now in place.
NM has a strategy .We do not know exactly how this will pan out.
Been difficult for us long term holders seeing price fall from 46p.
When it reached 46p I thought £1 next - but it's taking longer than I thought.
More patience required.
GLA.

[goldrush] 19/1/2019 09:13

Believer1

In the Accounts the options given to NM will be listed.

He does not need to be a cheapskate now so I believe there should not be any for him in the Employees Scheme. These last for 3 years thus no employees will have to come up with money for a long time.....none at all on takeover....they just get the difference. This could be a considerable financial upside to them.....say options are based on 2 times salary.....a takeover at 1.20 gives them the equivalent of a 2 yearly salaries extra bonus.....I think they will be happy !!

All OMHO

[believer1] 19/1/2019 08:35

The problem is that we don't know where these options will be allocated to. There is nothing to prohibit NM from being part of this 'employee incentive scheme'. Unless the BOD make an announcement as to this allocation we will never know until the options are allocated and exercised.....which will probably happen when the company is subject to a takeover. Too late because it is done. NM has a history of allocating himself huge percentage of employee incentive shares.....refer to DGR in Sept '17 when he ended up with 13,650,000 6.5 cent(Australian) with two other directors getting 3.650,000 options. The share price at the time was 13-14 cents..... You can guess what happened to the price of DGR then. NM owns around 20% of DGR which in turns owns around 11.5% of SOLG. He already owns roughly 5% of SOLG, so overall around 7+%.

My second point is that in SOLG's presentations, it is disclosed that 95% of employees of SOLG are Ecuadore citizens. That leaves 5% non citizens/expacts. Very few of the Ecuadorian workers will be able to afford buying a 60 pence option and we have little chance of seeing how many would take up the offer. When will they be offered their entitlement and how long before the exercised date will they be given to say they will buy? More of the local employees will be paid a small wage as compare to overseas employees. My point being that the vast majority of these 125,000,000 x 60 pence options will go to a few select employees, and NM and fellow board members, will take up the options not accepted by other employees. Great way to greatly increase their own interests with a certain profit if an offer/TO is above 60 pence level......& all conjecture is that is will be well over the one pound mark. This massive increase in number of shares will dilute the value of original, pre-60 pence options,i.e., roughly 10%.

In conclusion, I remind forum that NM has just allocated himself 5,000,000 x 60 pence options under the Directors Incentive Scheme and I wonder how many of the 40 pence Incentive 40 pence options, which are due to be exercised later this year,will to NM and fellow directors. NM is using his position to dilute the value of all shareholders to the value of tens of millions of pounds which could be in the range of 100 million pounds should a TO offer be well over the 1 pound mark.

[arcadian] 18/1/2019 16:32

And then some.

PS The bright future for copper painted by several outfits should help those who want to buy into the sector make up their minds to strike before everything get to pricey and too competitive.

[bmnsa] 18/1/2019 08:39

81p more like

[dmitribollokov] 17/1/2019 21:36

41p - lol, bunch of utter chancers...

[pob69] 17/1/2019 21:02

Excellent report by Arden Partners on the outlook for copper with reference to China stimulus boosting demand. Arden has a buy out on $SOLG SolGold SOLG.L (with interest to $CGP) #ecuador

"To take advantage of maximum returns from an early stage greenfield exploration story invest in:
SolGold: target price of 41p, implied return of 11%. Note that SolGold’s
potential return is c.130%-430% when upside is taken into account."

"Catalyst SolGold: preliminary economic assessment due Q1 2019."

[mknight] 17/1/2019 19:49

Having just read the Lse bb I think the
Share is starting to have a serious affect on many of the investors health .

[mknight] 17/1/2019 13:50

I thin he is taking the mickey to be honest but there is nothing that can be done he also owns most of DGR which has 12 per cent So he would own approx 16 percent of the company .on the positive side he won't want to give the company away .

[goldrush] 17/1/2019 12:47

Believer1

I don’t think NM will be included in the employees scheme. I would say this scheme is to make sure All the employees do well from SOLG on takeover or whatever.All the geologists,machine operators,environmental teams, drilling teams, gardeners etc will all be looked after.....so that any local sensitivities to a big boy coming in are NOT an issue. SMart move IMHO

[mikalan] 17/1/2019 12:37

If he sells for over a pound I won't begrudge him his profit.

[believer1] 17/1/2019 12:30

Does not the recent 140 million X 60 pence option schemes now make another significant employee/Director holder group which will nearly equal BHP and DGR percentage holdings in SOLG? With NM already holding 5% of SOLG, together with the issue to him of 5 million options from the Directors Option Scheme, and the uncertainty of who will be issued with how many options from the Employees Incentive Options (and I suggest here NM will get the lions share of these 60pence options) NM may have ownership of well over 10% of company.
If a takeover occurs over the one pound mark, these 60 pence options will give the new holders approximately 56 million pounds profit......1.4 million pounds for every pence over the 60pence mark. What an generous incentive scheme put in place by the power brokers within SOLG!

[yufff] 16/1/2019 21:16

Majors waiting for PEA update before deciding their next move.

One more major making a play will have NCM and BHP scurrying around for stock.

Only bug block left is CGP holding in Solg which they would sell at a price.

[yufff] 16/1/2019 21:13

These things take time and if you take a look at analysts targets and ghetto reasons behind these you will clearly see the pattern based on Cascabel and new tenement locations with near surface discoveries.

[arcadian] 16/1/2019 21:00

Anyone????????????????????????

[mknight] 16/1/2019 18:47

Yufff

Can you explain why we are at 36p then .

[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 .