Solgold Share Discussion Threads

[1garythomas] 30/7/2019 05:52

The problem with funding, its in equador, and general election within 16 months, and an opostion party in waiting, that are totally against mining, and the vast majority of people living in equador also against mining, very difficult to get finance, but if they do, it would be very expensive.

[trev1223] 29/7/2019 19:37

BHP up 1.98% today.

[lowtrawler] 29/7/2019 17:42

Over 1m sold after the bell. Could be bumpy here for a few weeks. I'm confident it will eventually go onto recover but it could test my 28p lower expectation shortly.

[lefrene] 29/7/2019 13:35

goldrush, with a declared breakeven in under 4 years I would hope a person with this much experience and track record could find funds at a very attractive rate. This presumably is where the lengthy courting of Canadian Banks comes in? There are very few prospects with the scale of Cascabel, and even fewer with such favourable infrastructure within striking distance of a port, that can offer such a short payback horizon.

Markets always want certainty, bankers even more so, but this appointment adds credibility to the quality of Solg's possessions. I want to see borrowings not more dratted dilution!

[goldrush] 29/7/2019 12:37

lefrene

Agree with you as it looks to be a very astute move.

[lefrene] 29/7/2019 12:28

This new man is an asset, his fund raising experience is helpful whether Solg does go to production or whether it gets bought by a big hitter. A big hitter will still be looking for the most advantageous way to fund exploitation, hence this new appointment adds value to the business.

It also underlines the intention and ability of Solg to get to production under it's own steam, no longer a weak supplicant to bullies with deep pockets.

[mknight] 29/7/2019 11:31

Win/win

Funding will help a purchase .

[shabadi] 29/7/2019 11:30

Funding or a purchase - perhaps Rio Tinto about to make a major move.

[mknight] 29/7/2019 08:18

The quicker we get funding sorted the quicker the share price can get somewhere near fair value . 15 rigs and the new appointment say we are ramping up for production

Will add a few more today .

Fast becoming one of the most undervalued stocks on the stockmarket .

[mknight] 29/7/2019 08:02

Everything says we are ramping up for production . The new guy will sort out the finances needed to get us to production quickly .

With a payback of only 3.6 years why not take it to production .

The share price certainly undervalues us x multiples it can be played with to allow cheap offers . Taking us to production is the best way of getting a fair value .

[dmitribollokov] 29/7/2019 07:57

So you mean like having “no deal” on the table in brexit...

Yeah i hope that’s what he’s doing, will be interesting to see this guy’s remuneration package - is it equity skewed. I’d rather we sold cascabel and moved on, but I actually think nick could want to take this to production now. He’s early 60s, he has the time and energy.

[paleje] 29/7/2019 07:46

I think NM wants the best deal possible be it production or sale. But those who've had experience selling businesses will know the best price is usually paid when the buyer has to make the running.

[dmitribollokov] 29/7/2019 07:32

NM wants to take this to production...

[metis20] 29/7/2019 07:16

From today's RNS

In regard to his appointment, Mr Hofmaier remarked:

"SolGold has developed a blueprint for the rapid and efficient discovery and appraisal of Ecuadorean copper gold porphyry projects. This position reflects the natural transition of the Company to become a major gold and copper miner. ...."

[1garythomas] 29/7/2019 06:06

Not replied been busy, i wouldnt say i hate NM but feel now that he has lost the plot, and no leadership at the top, why is he not giving out drilling results, whats happening with cornerstone, drilling permits, as i said wouldnt arrive till next year, regarding BHP they have spent pocket change, and equador again could be a problem within 16 months with general election, have hold solgold shares for many years, and there is better returns and alot more money to be made else were than solgold, sold out completly at 40 and 34.5, and invested in union jack and now have 6 million shares there, good luck to you guys, but feel that the money has been made in solgold from the 1p days.

[mknight] 26/7/2019 17:37

Alwaysevolving .

Yes i added again today under 30p . Not sure how long it will take for an offer to come forward . In the meantime the drills are turning and the value is rising . Most are thinking in a 20 percent increase for Mre3 i would say we may get over 30 percent . Another 150,000oz per year of gold.

Plus a better idea of where the better qrades are .

Dimitri said 3 billion is peanuts and he is so right . We may recover our monies in less than 3 years when all the drilling is done .

[alwaysevolving] 26/7/2019 17:03

Well, let’s hope so eh Mknight! You would think at some point someone can see the vast future value here and would want it for themselves wouldn’t you?

[mknight] 26/7/2019 16:38

Another day nearer to takeover .

[mknight] 26/7/2019 16:12

So no replies from Gary .

Shame

[mknight] 26/7/2019 15:36

Gary if the contents of the article from pob69 are true do you not think this gives SOlgold an extra 6 months to a year extended advantage over the competition.

[mknight] 26/7/2019 15:24

Gary BHP have made many investments in Ecuador after purchasing solg at .45p. Do you think they would have made these if they thought they couldnot mine ?

[mknight] 26/7/2019 15:10

Thats not an explanation Gary . You hate NM . Why is that ? What has he done to you ?

Maybe you would feel better if you told the BB why ?

[rougepierre] 26/7/2019 15:02

Just filter him...its so peaceful on here without his drivel...