Solgold Share Discussion Threads

[jerryspaniel] 12/2/2019 09:42

McKnight. I see the price of copper has fallen a bit. Strangely not affected the share price!

[lefrene] 12/2/2019 09:33

There's some sort of chess game going on, as the powerful attempt to grab Solg on the cheap. NM might be sitting on valuable information in order to have some ammo to bat away low ball bids? We simply don't know, you either believe that NM has the experience and skills to get a fair price or you don't. Drills are still turning and presumably discoveries being made, and that PEA is out there somewhere. But so is a disgruntled CGP and it's shareholders, are they being courted by a third party? Waiting in a dark place is never comfortable, but you can hang on or sell, but you know the assets here are worth more than the current market price, or else BHP would not have paid 45p for it's stake.

[mknight] 12/2/2019 09:28

Believer1

In the end you just have to trust him or move on .I hope he will release the news at the right time to have a maximum affect on the share price . He may be of the opinion that its better to give the market alot of news all at once rather than a bit by bit approach . The good news is he has far more shares than us and will no doubt want the maximum share price .

[believer1] 12/2/2019 09:18

My investment in SOLG and DGR is roughly 60,000pounds so I have a huge investment in this company. I am a believe in the potential of this/these companies but am very concerned at the way shareholders are being shafted by management who manipulate for their own advantage. I agree that NM could easily buy solg at a lot less than 60-90p, but the difference in doing so on the open market, is that he will have to pay for them at time of purchase. He will no doubt be picking up a sizeable number in the 40p options that are due end of this year. Millions bought on the market usually come at a premium price but to guarantee himself through incentive schemes actually doesn't cost him anything until they are due. If there is no takeover at a price over the 40p or 60p mark, he doesn't have to pay a penny/cent. No dilution in numbers of shares but of course no money going into the company's account.

A question that comes to mind, is what happened to the very good drill results which were not included in the Nov Report. It was said that it was purposely not included as it would complicate the Report. From memory the was a massive increase in copper and gold content but nothing has been reported since. With all these drills working where are the results going to be released. We are being fed only what Management perceives to be in their best interest, certainly not for the other shareholders. I reeks of deception and that I suggest is one of the reasons our share price lags.

[mknight] 11/2/2019 13:42

Its a bit like the footballs getting 200k a week and wanting 300k . If its there why not take it . Life is short and bills need to be paid .😁

[mknight] 11/2/2019 13:39

Its quite easy for NM to get his option money as the shares are so undervalued he will probably get them in the not too distant future . He will then get more options at 90p which will also be easy .

Not his fault the share price is so undervalued.

Before anyone comments about options at 90p i am using the Tea leaves again or just common sense .

[sogoesit] 11/2/2019 09:21

Probably comes from an unbeliever.

[mam fach] 11/2/2019 08:45

Where has all this come from?
All true but he who pays the piper calls the tune.
NM runs the show and this is how it goes.
You can buy shares and follow him or invest elsewhere.
Personally I don't have problem with NM's holding or his share options.
Choice is yours.

[believer1] 11/2/2019 00:46

Makes the 140 million X 60 pence options one hell of an incentive....especially when NM is guaranteed 5 million from the Director's scheme and probably the lion's share our of the other 124 million options from the 'Employees Scheme". He can afford to wait his time because at the time of a takeover, NM will pick up hundreds of millions of pounds from his 90 million already owned, 5 million options, plus untold millions from the employees scheme, and his 20% holding of DGR's 11% holding in SOLG. Getting paid over $1 million per year plus expenses. All done while the rest of the companies that he is CEO, Chairman and Director of, are collapsing in share prices. All this power allows him to look after number 1.....he himself and forget the rest of non-mate shareholders.

[mam fach] 10/2/2019 22:09

Agree with your thoughts MK.
Not long now to see how this pans out.
GLA

[mknight] 10/2/2019 21:23

Jerry

He has alot of shares i think he would want to secure a massive payday . If i was him i would not take the risk after all he will no doubt issue himself and mates a billion new share options .

[jerryspaniel] 10/2/2019 20:27

I think it’s the right thing to do. Not sure NM thinks that.
I would prefer a large share buyback than a spec dividend.

[arcadian] 10/2/2019 19:43

An interesting article in the ST showing how far ahead China is in the electric car sales numbers: far in excess (5x the sales)of Tesla.

[mknight] 10/2/2019 19:17

My opinion based on my understanding of the company .

Lets keep the post and see if i am right or a complete fool .

[jerryspaniel] 10/2/2019 18:25

Crystal ball or tea leaves?

[mam fach] 10/2/2019 17:27

Agree. Talk of 70 p isn't on.
We've been waiting a long time for that elusive bid.
Gut feeling NM is making all the right moves.
De rampers had field day with price hovering @ 35p-36p for so long.
Once we break out of this price range won't take long to hit 50p.

[onedayrodders] 10/2/2019 15:03

I don't see NM getting out of bed for anything under £1.50

[sogoesit] 10/2/2019 13:46

The problem is that the 51% plus is tightly held amongst the three shareholders.
I don’t know their history but I would guess, based on a risked exit, the price is nowhere near right for these folks to accept an offer at the current SOLG level.
Like any investor, unless they thought Cascabel was rubbish, they would want to await the PEA to see some value and also for the market to see some value.
If NM thinks he can get an offer done before PEA I think he’s dreaming. And SOLG also needs a higher share price too if it is to bring cornerstone to the table.
AIMV

[mknight] 09/2/2019 05:36

I dont think NM will be holding anything back infact the opposite the higher solg shareprice the more chance of cornerstone shareholders wanting to take up solgolds offer .

[markth126] 08/2/2019 23:32

I can see a buyout of SOLG at around 70p this year. That will do nicely for Monaco ?? Grand Prix tour this year!Just need asiamet to come good too for Abu Dhabi

[lefrene] 08/2/2019 21:37

CGP trying to take the moral high ground there. It does feel as if some end game is approaching, I suppose it all boils down to who might want to take ownership of Solg?

NM is presumably holding back the PEA until the CGP conundrum is concluded. Plainly CGP are somewhat miffed at what they see as a hustle, but will some of those CGP shareholders sell into the recently lifted share price of CGP? Perhaps 2019 is going to be the year that long term holders finally see some value here get recognised?

[pob69] 08/2/2019 21:12

Of interest to $SOLG.L $SOLG #ecuador. It is like shadow boxing! No mention of the Blanca issue and they express disappointment the PEA wasn't published in Jan, as originally expressed.

Cornerstone Responds to Second SolGold Announcement

[pob69] 08/2/2019 18:24

A few references to $SOLG $SOLG.L Solgold #ecuador and a few old names in this broker note

Patersons Research Note - ON AN ELEPHANT HUNT IN ECUADOR $CGP

[pob69] 08/2/2019 17:12

Positive news for #ecuador $SOLG SolGold $SOLG.L and $CGP amongst others



Good news for mining from Ecuador (from IKN506)
This news is now ten days old (or so) and was reported to subscribers of The IKN Weekly last Sunday in IKN506. As it still hasn't got the amount of recognition it deserves (outside of the pop in LUG.to at the time), here's the note as published:

Ecuador: Significant changes to the mining tax regime
A big positive out of Ecuador last week was the news (15) that the mooted changes in State burdens on mining are now official. The main changes are:

The elimination of the Windfall Tax (WFT), which was always a line item that caused more heat than light but was a detrimental element to the marketing and image of Ecuador mining abroad.
Investment dollars are now tax deductible on remittance profits. That’s to say, if you are Lundin Gold (LUG.to) and you invest U$800m in FDI at FDN (so to speak), that’s now a tax credit on profits.
State royalties that were previously on a sliding scale of between 5% and 8% (depending on metal type, mine size, gross metal values etc) are now calculated on a sliding scale of between 3% and 8%, providing some relief if profit margins get thinner than expected.

All these things are positives for the mining industry in Ecuador and that’s me, the notably leery one on the country and its potential for mining investment, telling you that. It’s no surprise that just about the safest way of playing the formal Ecuador mining industry, Lundin Gold (LUG.to), took a big hike last week on the news, with the main 1.4m share trades going through on the day of the tax overhaul announcement.

The $5.54 close on Friday is the best price for LUG.to since May 2017. Because LUG.to has done an excellent job in community relations and has built out FDN (so far) without much fuss of disruption, as well as paying its “advanced royalties” dues to the local and national governments, it’s about the only project I’d feel comfortable about owning in the country. However, the newly relaxed State burden regime (particularly the tax credit for investment now clear and without question) is a significant and positive step forward for Ecuador.

[mknight] 08/2/2019 13:20

FEEPORT MCMORAN has a nice chunk of cornerstone and also happens to be the worlds largest Copper producer .

The more you look at cornerstones shareholders the more you can see exactly what NM is upto .