Solgold Share Discussion Threads

[1garythomas] 28/6/2019 09:20

You are having a laugh 2.5 billion, firstly them prices are incorrect, solgold have based them on 3.30 for copper, when the correct price is 2.60, which brings the correct value at todays prices at 2.8 billion, then you need to deduct 15%, as solgold dont own 100%,so now the correct price is 2.5 million at todays prices, when you purchase any think including a take over it would be at todays prices, not prices that copper might hit in 10 years, when you sell your house you sell it at market price not what it could be in 10-20 years time, this could be taken over, but no one will pay more than 1 billion, think an offer of 50p would be fare.

[pob69] 27/6/2019 19:17

3 minute Spanish programme on "Imbabura: 500 direct jobs generated by the "Cascabel" mining project" #cascabel $SOLG $SOLG.L $CGP #ecuador.

"...Some residents refuse to continue in the area. Populations that were abandoned now have improved their living conditions, although there are some who are not in favor of the project."

[pob69] 27/6/2019 18:39

For anyone who speaks Spanish here is the actual judgement which may be of interest. Can you review to see how valid/strong the comments made since by Solgold are #cascabel $SOLG $SOLG.L #ecuador.

[lefrene] 27/6/2019 15:40

Just sit and wait as metal prices improve against fiat currencies. I take the view that Cascabel is too big to ignore and in due course it will either get funded to production or get taken out. With the PEA and NM stating a current value of $4.1 to $4.8 billion for Alpalla alone, then it feels like he has hoisted an 'available for sale' sign over it. So perhaps now would be a good time for a cheeky $2.5 billion offer while confidence in Ecuador is low.

That court case seems to have given the government an opportunity to remove mining from the local level and decidely move it to central government control. That at least is a good outcome from the affair. Now perhaps some alacrity with issuing drilling licenses might help people feel that the government is getting with the programme.

[mikalan] 27/6/2019 14:57

Despite the CC result, confidence has taken a knock.

I'm not sure what that substantial news would be, apart from takeover. Drill permits would be good as well, but takeover is the biggy and NM has said he wants to take this all the way to production which brings into question how that would be financed.

Think this has become more of a long-term hold.

[mam fach] 27/6/2019 10:47

Topped up few times @ 26p.
Don't really want to top up again.
Much rather see price start climbing.

[dmitribollokov] 27/6/2019 10:07

100% always - it is unequivocal, the govt are saying that eucuador is open for business.

[alwaysevolving] 27/6/2019 09:12

Of note is the fact that this court case and the subsequent transferring of all future national mining related decisions to central government has all been wrapped up in what is essentially an extremely short time frame (as far as big court cases and government policy decisions in general go)

To me this speaks volumes about how serious the government are about the country being perceived to the large international players as a pro mining and reliable place to do business.

[alwaysevolving] 27/6/2019 08:57

Good news indeed. No more regional government meddling guaranteed.

Once that fact sinks in we should finally be able to say goodbye to the 30s on the next piece of good news? It should also have reassured the big boys that Solg is a very sound investment for the future. Now I wonder when that bid is going to arrive.....?

[dmitribollokov] 27/6/2019 08:04

Building up for a nice inverse H+S on the chart now, lovely.

[dmitribollokov] 27/6/2019 07:55

“A popular consultation in a region or province that is not a national referendum may not consist of a question that would imply legal reform by amending or new legislation. The future of mining in Ecuador is therefore to be determined by the Ecuadorean Federal government.”

That last sentence is pretty unequivocal. Game on.

[goldrush] 27/6/2019 07:53

Hyper

Indeed.

I have no problem people trying to trade and hoping to get back in lower than they sold......BUT Todays news is rather GOOD

[paleje] 27/6/2019 07:52

Good news, clarity provided by the court. Even if an anti mining gov gets elected in the future, can't see it cutting off such a vital part of the economy.

[hyper ai] 27/6/2019 07:45

lol
horrible to be out of a stock and feel compelled to read BB threads about it hoping for bad news

[goldrush] 27/6/2019 07:45

Price should be strong today....IMHO

[1garythomas] 27/6/2019 07:31

Got a general election within 18 months, so could all change again, opposition party are against mining.

[telbap] 27/6/2019 07:20

We ought to see a bump from this today for sure.

[1garythomas] 26/6/2019 16:42

32.65 finish, down again.

[shabadi] 26/6/2019 12:13

I agree Gary, if it drops below the 30's then I might be buying. Assuming we don't see another challenge (quite possible), if so then low 20's.

[shakester2] 26/6/2019 09:25

Well done genius