Solgold Share Discussion Threads

[1garythomas] 26/7/2019 14:54

Giving a balanced view, did own solgold shares for over 6 years since the 3p days, have made my money, people same to fall in love with this stock, when theres money to be made else were, like union jack oil, 85% in 3 weeks, sonethink as a solgold share holder, you can only dream about, and just the start for union jack another 300% before xmas, make my wards, share of the year.

[alwaysevolving] 26/7/2019 14:49

Probably because he wants to own it again Mknight and trying desperately to talk it down as low as possible at everyone else’s expense so he gets as low a buy as possible? Not the nicest way to do business but think that approach is a waste of time and energy anyway personally.

Best just ignored. I’m sure we are all very happy for Gary that he is doing so well elsewhere. No real reason to come here to gloat that we aren’t currently. Says a lot about a man that sort of thing.

[mknight] 26/7/2019 14:34

Gary.

You dont own solgold so why do you come on here deramping the stock nearly everyday .

[1garythomas] 26/7/2019 14:15

And in the mean time told you guys to sell up in solgold and invest in union jack, 3 weeks ago, now up 85% in 3 weeks, the share of the year, and alot more to go, better returns in your local building society than solgold.

[dmitribollokov] 26/7/2019 14:05

Yep that’s what I’m looking at mck.

[1garythomas] 26/7/2019 14:04

Then you need to ask yourselves why didnt they had to there precentage, as according to the standstill agreement they could have added upto another 30 million shares, or there abouts, but havent, why, because of equador, general election within 16 months, and a oppostion party totally against mining, and the vast majority of people living in equador against mining.

[mknight] 26/7/2019 14:02

Higher highs and higher lows .

[1garythomas] 26/7/2019 13:50

They also bought at 26p, and thats when they purchased the most shares at 26p, 6%, so dont get carried away, there average is about 31p, as i said earlier in the week, and was shouted down, charts suggest 28.5 test before moving higher or lower.

[ntbb] 26/7/2019 11:00

It's worth reminding ourselves and newbies, bhp has paid 45p a share and we can buy at about 30p a share! That is a bargain



BHP Billiton Raises Stake in Copper Explorer SolGold

Intraday Solgold Chart

15/10/2018 11:46pmDow Jones News

   By Rhiannon Hoyle 

SYDNEY--BHP Billiton Ltd. (BHP.AU) said it will almost double its stake in copper explorer SolGold PLC (SOLG.LN) as the world's largest mining company seeks to boost its exposure to a metal used in everything from smartphones and electric vehicles to air conditioners.

BHP, which last month bought a roughly 6% interest in the company that runs the Cascabel copper and gold project in Ecuador, said on Tuesday it will raise its stake to a little over 11% via a private placement under which SolGold will issue 100 million shares to BHP.

"Ecuador is a highly prospective region for the next generation of copper supply," BHP President Minerals Americas Danny Malchuk said in a statement.

BHP and other global miners have been racing to increase bets on copper amid expectations demand for electric vehicles and consumer products in China will spark a boom in demand and prices for the metal.

BHP said it will pay 45 pence per share--or 45 million pounds (US$59 million) for the stake--which is a 32% premium to the 20-day volume-weighted average on London's stock exchange. It is also pricier than the 26.592 a share BHP spent last month to buy its initial 103-million-share interest from Guyana Goldfields Inc.

Under the latest agreement, BHP has the right to nominate one director to SolGold's board although has agreed not to acquire further shares for two years without the company's consent.

"This additional investment in SolGold strengthens our strategic position in the Cascabel copper exploration project, and is consistent with BHP's strategy to replenish our copper resource base and grow the business," said Mr. Malchuk.

SolGold in 2016 rejected an offer from BHP to invest in the company and develop its flagship Cascabel project, instead picking a competing investment by Australia-based Newcrest Mining Ltd. (NCM.AU) and Maxit Capital LP.

[lefrene] 26/7/2019 10:14

I quite agree, the end reward for the initial investment is mouth watering, thus interested parties will have a game plan. All are still in the crush bar waiting for the order to take their seats so that the show can begin. Now that the Chinese have got Mirador up and running, perhaps they will be casting about for another dead-certainty?

[dmitribollokov] 26/7/2019 09:26

We have all the gold/copper/silver in the world, it's just going to cost $3bn to unlock it. Which given the amount there is chicken feed.

[lefrene] 26/7/2019 09:15

I suppose it's a case of having all the gold in the world locked in a safe, but if you don't have the key or combination then the value of it is somewhat irrelevant. We believe that the man with the key is on his way, but first he has to buy off the night watch man.

[mknight] 26/7/2019 08:51

Lowtrawler.

An interesting but fair way of trying to understand the current share price .


Last week we were told by the company that they were increasing the drilling by 50 percent from 10 to 15 rigs as the mine is still open north south east and west .Yesterday we had news from Pob69 telling is that no Permits were not going to be released until 2020. which in affect will make Alpala 1. The largest Copper.Gold,Silver mine i the world 2. Coming into production years before any of the other mining projects which will now not start until earliest 2020 .
This makes us extemly valuable to the big boys some of whom have had their own permits put back until 2020 . It reduces the price of their land and increase ours .

It also come at a time when gold is already 120 dollars an Oz above estimates and Copper is forcasted by Rio Tinto to be in short supply in the coming years.


So if the odds were 18.1 ..ladbokes has just shortened our odds to 12.1 unfortunatly the punters dont seem to know that yet .

[lowtrawler] 25/7/2019 23:30

SOLG is currently valued at £555m. IF they can take us all the way to production, they may create £10bn plus of profit / positive cash flow over several decades, discounted to current levels. In gambling terms, we have odds of 18:1. Each step towards production reduces the odds. Each political setback extends the odds. Essentially, the price moves according to how likely it is that we go into production. The current price builds in all the expected revenues from eventual production. It also places odds on how likely we are to get there.

In my view, 18:1 is generous and so SOLG is undervalued. However, the share price is an equilibrium of views at any point in time. If there is no news flow indicating a stronger likelihood of production, the share price will fall. Although there are hopes of licence announcements, takeovers, new finds etc., until they are made public, the price will drift down. Nobody on this bulletin board has the inside information to do anything more than guess and hope – neither of which are good for making profit.

At some point, I believe there will be positive news and the share price will make a step change up. It may be next week or it may be next year. Until then, the general price direction will be down and upward price movements will be transitory. If you truly believe in SOLG, put your purchase on a shelf and forget about it. If you are a trader, play the volatility.

[mknight] 25/7/2019 14:40

Bloody tree shakes .

Still it allows a few of us to add at crazy money.

[mknight] 25/7/2019 13:13

Well i just added a few under 30p so not all bad .

Regarding the purchase of 3.5 million or there abouts .. i think we should wait a week or so before discounting he knew nothing .

[ntbb] 25/7/2019 13:03

 

 Options at 60p, current share price is a mockery




 

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Solgold Share News - SOLGSolgold Share News - SOLG

Current Price

29.80p

-1.50p-4.79%

Bid PriceOffer Price29.80p29.95pHigh PriceLow PriceOpen Price31.40p29.80p31.40pShares TradedLast TradeMarket Cap (m)694,66112:21:24550

SolGold PLC Updated Holding of BHP

Intraday Solgold Chart

17/10/2018 7:00amUK Regulatory (RNS & others)

TIDMSOLG

RNS Number : 3045E

SolGold PLC

17 October 2018

17 October 2018

SolGold plc

("SolGold" or the "Company")

Issue of Equity to BHP

Updated Holding of BHP

The Board of SolGold plc (SolGold or the Company) wishes to advise of the allotment and issue of 100,000,000 new ordinary shares to BHP Billiton Holdings Limited (BHP) pursuant to the share subscription arrangements previously announced on 16 October 2018.

BHP has also advised that , in fulfilment of the obligations of Rule 5 of the DTR, and as a result of this allotment of shares with voting rights, BHP has acquired an interest in 100,000,000 additional shares of 1 penny each in the capital of the Company, which has had the effect of increasing their total shares held to 203,125,000 ordinary shares, or approximately 11.18% of the Company's issued share capital.

Following this allotment, the Company now has on issue a total of 1,816,387,454 fully paid ordinary shares, 21,450,000 options exercisable at 28p, 21,250,000 options exercisable at 40p and 47,012,000 options exercisable at 60p.

References to figures and tables relate to the version visible in PDF format by clicking the link below:

[lefrene] 25/7/2019 12:55

Gold is firm today, nothing to do with Solg though!

[ntbb] 25/7/2019 12:53

Down on such a small volume, watch it going back up fast

[lowtrawler] 25/7/2019 12:49

The price only blipped in the last couple of days in order to fill the large buy order. It is now settling back to previous levels. The hope was that the buyer either new something or was planning something. This does not appear to be the case and so normal service has resumed.

[mknight] 25/7/2019 11:13

Thanks pob69

What we need to know is are all permits delayed until 2020 ( 5 months away) or are those that are pending will be realesed soon .

What some are missing here is that if all permits are delayed until 2020 then it give solgold a massive advantage ........

Why?

Because they will be on their own bringing production to the market many years ahead of all competition starting to explore in 2020...

Like everything the more Gold ..Copper and SIlver produced the price will be less .

Look at oil prices...SInce the US started producing massive quantities the price for oil has gone from 140 dollars a barrel to 50 something .

So its a win/win situation. Is this why NM has upped the rigs at Alpala as he know s.

1. He wont have the permits before 2020

2. He sees the massive advantage of being a producer before others get their permits .

[alwaysevolving] 25/7/2019 10:27

Chart not looking so strong anymore. This needs news now to get us any higher me thinks. Yes. Drill permits would no doubt do the trick!

[lefrene] 25/7/2019 10:19

Managers at Solg must be champing at the bit for those drill permits. Given that the government says it's very keen to back mining it seems perverse to delay drilling permits. That Teresa May hasn't been moonlighting as a consultant in the art of 'doing nothing whilst pretending to do something', has she?

[pob69] 25/7/2019 07:52

Important and positive news about the delivery of mining policy in ecuador. #cascabel Solgold $SOLG $SOLG.L $CGP #ecuador

"...After a year and a half of keeping the delivery of mining concessions suspended, the Government has given a new signal to promote the development of this activity and attract more investments."

[mknight] 25/7/2019 07:47

Another 631.000 slipped in this morning by the mm,s.

No worries i will get my extra this morning whil they are playing their little games .