Solgold Share Discussion Threads

[mknight] 22/5/2019 14:44

I think NM will try to Protect the price through regional updates .

Anything but góod news at Alpala which will hurt his takeover of cornerstone .

[lefrene] 22/5/2019 14:39

Yes very odd that comment not coming to anything. So is there something being held back, and if so for what reason? The share price falling indicates that some people don't want to wait another 18 months for something to happen.

[1garythomas] 22/5/2019 14:37

With no news until end of year expected, the share price will drift down, 37.15 to buy as o speak, looking like low 30s, time for NM to step aside, no leadership and no plans going forward.

[mknight] 22/5/2019 14:27

Cornerstone is his problem imho

He could not show the 60000 meters of drilling which may have inproved the grades to make it a no brainer . Funny how no news ever came out of a major copper find within 48 hours . Swept under the carpet for now ..time will tell.

[lefrene] 22/5/2019 14:20

Hopefully the resources that Solg sits on are so mouth-wateringly vast and thus assuring many decades of security of resource, that a big operator will want the advantage of owning it? I believe that NM has to demonstrate a viable avenue to production in order not to be at risk of a predatory undervalued bid. Alpala is just one of many finds, the size and value of which have yet to be fully revealed. While Solg is under funded for extraction, and may have to give too much away on the first mine, there will be other mines to come that will not be held over a barrel.

If as a big would be owner, you see that the minnow actually has a viable path to production and thus can keep you out of the whole thing if it wants to, then you have to consider at what point do you pounce? The closer it gets to a viable mine getting off the ground, then the more it's going to cost you to prise it away.

[lurker5] 22/5/2019 10:59

'Streaming' is always very good for the off-taker (look at the streaming companies' profits)and if you do the calcs, the effective cost to the source of the stream has (in the cases I've looked at) turned out to be the equivalent of a seriously usurious interest rate on a loan. I have a real example somewhere !

[dmitribollokov] 22/5/2019 08:13

It all depends how the agreement is struck. If it’s at $2 lb copper it’s not going to be good, if it’s $5 it would be excellent obviously. Also for what period and for how much of the supply? Off-take agreements give certainty to lenders of cash flow. To say that ‘off-take agreements aren’t good’ is like saying “ooh equity or debt funding, I don’t like that”.

As for the ‘in specie’ etc nonsense, I can’t even be bothered.

Fortescue got their first bond away purely on the fact that they had off-take agreements and could pre-fund 2 years of coupon. Think about it...

[onedayrodders] 22/5/2019 07:47

Another stock .. I mean !

[onedayrodders] 22/5/2019 07:47

Hmnn .. personally I too did not have a happy outcome with another stick that loaded up with "off take" agreements.Different resource, region etc so maybe apples v oranges but never did me any good there

[lurker5] 21/5/2019 19:12

Best for shareholders is to get Casc funded one way or another (Not via off-takes please. They rip off the equity holders) and spin it off as a separate co via in-specie shares to Solg holders. Otherwise Solg's need to fund other exploration will dilute Cascabel's per share value. That's probably why Cornerstone doesn't want more Solg shares.

[dmitribollokov] 21/5/2019 18:53

Interview with NM on brr media. Hope to have financing sorted through “a combination of debt, equity off, take agreements and forward sales, we are very confident that some of the strong funding interest we have at the moment will crystalise into firm deals and we aim to have the financing package in place by the time of the feasibility study in 2020.”

[onedayrodders] 21/5/2019 17:02

yep .. I never learn

:0/

[lefrene] 21/5/2019 16:13

ODR, perhaps, "Yippee it's gone red again", might work the magic? :¬)

[ianpuddifoot] 21/5/2019 13:53

1garythomas FILTERED

[onedayrodders] 21/5/2019 12:02

at least a little morale boosting blue today

[1garythomas] 21/5/2019 10:26

This guy yesterday on this website was forcasting 10pounds a share, and how he got there was, the value of each new site, x 12, x 4,5 billion which is the price solgold have put as the value of casabel, ok 8 years of drilling x 12 new sites, gives us nearly 100 years to drill all solgold new sites, cant wait.lol

[dmitribollokov] 21/5/2019 09:43

Yup I have him filtered already, nutjob.

5070481 - I think that's why the high DF, but think that once they are up and running pretty easy to refi that in the current credit mkt. FMGAU first financed at 10.625% (used to own a lot of the bond), that was in 2006 in a mkt with tighter spreads, albeit greater base rates. We all know what happened subsequently.

Ditto FMCN.

The rate they pay for the first round of debt financing isn't of huge concern to me (within reason), as they will be able to refi pretty quickly after they start producing. So I think applying the 8% DF to the life of the mine massively understates the NPV here.

[1garythomas] 21/5/2019 09:41

At least 7 years away if he takes this to production, 7 years, thats all, has been drilling casabel for nearly 8 years, in the mean time, BHP and newcrest are signing joint ventures all over equador, there is no plan in place, NM needs to step down.

[1garythomas] 21/5/2019 09:36

Mknight has sold up.lol, couldnt make it up.

[shabadi] 21/5/2019 09:23

1gt - good to hear your alternate view rather than the likes of mknight's silly predictions.

[1garythomas] 21/5/2019 09:20

Now private investors are saying wait till year end for MRE3, this is unbelievable, other forcasting 10pounds a share, all jam tomorrow, 40- 50p takeover price tops, if they are lucky.

[5070481] 21/5/2019 09:06

I would have garythomas on filter...
DMitri i agree they should be able to get funding no problem. The issue for me was simply at what rate.
I dont think the prospects for SOLG have changed much but simply the timeframe and I've had my money tied up long enough on this one. Hopefully when things change I'll be able to get back in a a reasonable price still.

I think the permit timeline on their presentation was Q3/Q4 this year.

[1garythomas] 21/5/2019 08:50

Sorry sunstone.

[1garythomas] 21/5/2019 08:47

They said q1 now they are hoping q2, they could have a few scout drills in this quarter, but you look at the company i think called sandstone took them 3 years for drilling permits, 3 years.

[dmitribollokov] 21/5/2019 08:45

coz he's a troll...