Solgold Share Discussion Threads

[telbap] 08/8/2019 07:20

@lefrene......thanks. Long time since i saw your avatar, did you used to be in SOU.? Or was it afren ?

[trev1223] 07/8/2019 19:22

We don't really have a mine, just a stake in land where some precious metals have been discovered. When a mine comes into being then there will be 'production', at that point of course, the gold price will affect SOLG's share price

[alwaysevolving] 07/8/2019 19:05

If the value of the metal is going up even though it’s in ground then surly that makes what SOLG is sitting on worth more and should in turn make Solg worth more?

Like wise, if the POG dropped to say $100oz for example do we not think this would have a very negative effect on our SP? Of course it would!

[zcaprd7] 07/8/2019 17:23

Really, surely the mines all become that bit more viable, and valuable?

[trev1223] 07/8/2019 16:20

ntbb - The gold price will not affect SOLG until we have some to sell. After production starts then the gold price will dictate the share price

[lefrene] 07/8/2019 16:15

ntbb, logic doesn't apply to Solg, it would seem it's all politics until the big boys have got what they want for chump change.

[ntbb] 07/8/2019 14:57

Gold going through the roof, surely solgold should follow

[lefrene] 07/8/2019 13:07

telbap, just one of 72 sites has been proved up to a worth of $4.1 to $4.8 billion dollars at 3%, ie over $125 billions worth of metal there, in just one site.

Currently looks like the price wants to fill that tiny gap just above 26p.

[telbap] 07/8/2019 11:15

So a 3rd mineral update still to come, has anyone seen a time line for actual mining to start here?Has the FFD been written yet?

[lefrene] 07/8/2019 11:14

The drift downwards is simply the managers not delivering on the talk, too many things out of their gift, where the hell are the drill permits!

[dmitribollokov] 07/8/2019 08:33

Peel Hunt has set a near-term target price at 70p for the London-listed stock but stressed the longer-term valuation would be "substantially higher".

"We currently have Alpala accounting for over 90% of the SolGold valuation, which we think undervalues the regional project portfolio. Even on Alpala value alone we see strong upside to our target price of 70p/share.

"However, our longer-term in-production valuation shows substantially greater potential upside to fair value, depending on how the company decides to finance the project," Huff said.

Not only does Huff think SolGold is fundamentally undervalued, he also continues to believe that it remains a take-out target around the definitive feasibility stage, some 18 months out.

"The current market cap is at a significant discount to what many majors would pay for one of the largest copper development projects globally as well as a pipeline of additional projects."

Nice.

[alwaysevolving] 07/8/2019 08:29

One wonders if the SolGOLD share price will still be falling when gold is approaching $2k ??

The way POG is going and with more central banks slashing rates (NZ overnight) then we could be at $2k gold in relatively short order.

One has to assume at some point the rising gold price alone has to reverse fortunes here or at least stop the daily falling?

[pob69] 07/8/2019 07:47

More detail (in the article) on the broker note by Peel Hunt Solgold $SOLG $SOLG.L $CGP #cascabel #ecuador

"...London-based brokerage Peel Hunt has initiated coverage of the company, saying Alpala remained firmly on the radar of reserve-hungry majors. Peel Hunt entered the fray with a ‘buy' rating, noting the company's significant potential as a take-out target."

"...Peel Hunt has set a near-term target price at 70p for the London-listed stock but stressed the longer-term valuation would be "substantially higher"."

[mknight] 07/8/2019 07:00

Gold price still going up .

SOLG still going down


Unbelieveabubble

😂

[leopoldalcox] 06/8/2019 23:23

Sxx was never 150p a share

[mknight] 06/8/2019 22:10

Lowtrawler

We will see, he needs some money to see out 2019 and into 2020 . They will not need the 2 billion until the end of 2020
Imho .

[1garythomas] 06/8/2019 16:46

Down again, said for some time, get better returns in the building society than solgold, as for broker notes, dont mean nothing, these brokers are paid by solgold, you only have to look at SXX, 150 a share in january, finding it very hard to finance to take to production, and now at 10p a share, from 1.50 a share, market does not like this, going to production business, and no drill results, rock samples again mean nothing, placement due very shortly with a possible 10% dilution, get your money into the bank, 1% is better than losing it here.

[pob69] 06/8/2019 14:08

RedCloud's broker note following recent news Solgold $SOLG $SOLG.L $CGP #cascabel #ecuador

Impact: Mildly Positive
SolGold has announced high-grade sample results from its Blanca tenement, located ~5.1km from Casacbel, where exploration continues to point to a high-grade epithermal system with significant scale potential. With extensive work programs currently underway ahead of MRE#3 for Cascabel, this update offers a reminder of SolGold’s potential for upside beyond its flagship project

[lowtrawler] 06/8/2019 14:01

Mk, their own figures show that they need more than $2bn as a peak cash requirement. There's no point raising anything less. Either they will be bought out by a big player who can fund this or they will need to raise over $2bn from an additional placement.

[mknight] 06/8/2019 11:39

The question is how much money will they want to raise ?

50 million or more .

50 million will be around 200 million shares .😕☹

Would be better to have one of the bigger boys pay 35p and dilute 200 million shares and get 70 million .

But would be 10 percent of the company .

If this was to Rio Tinto then no problem .

All speculation on my part .

[mknight] 06/8/2019 09:21

Once the fund raising is over the share price will be allowed to rise . The large trades are probably sells of shares that will will be topped back up later with cheaper shares .

Seen this before .. should be illegal but seems to go on all the time.

Imho

[pob69] 06/8/2019 08:07

Peel Hunt, a recently appointed joint broker to Solgold $SOLG $SOLG.L $CGP #cascabel #ecuador has initiated coverage today so that should lead to increased interest and probable fundraising. 70p target price post-PEA.

[pob69] 06/8/2019 08:01

You would expect the upcoming drilling permits to be issued once this map of mining areas is published before the end of this month #cascabel Solgold $SOLG $SOLG.L $CGP #ecuador (also good to see some cantons express their support for mining - this one is again in Azuay but not close to Sharug tenement)

Mining map will be ready before the end of August

"...Fernando Benalcázar, deputy minister of Minas, explained that before the end of August the mining map update will be completed."

According to the official, this whole process does not have as its main objective to locate new deposits or open the cadastre for new concessions, but to define exactly which areas, which areas may be allowed for mining activity.

"...Yesterday, Baldor Bermeo, mayor of the canton Camilo Ponce Enríquez (Azuay), presented a request for prior binding opinion before the Constitutional Court (CC) to approve the call for a popular consultation.

In the area there are 403 mining concessions that provide about 100,000 direct and indirect jobs. Therefore, Baldor Bermeo presented the following question before the Court: “Do you agree that in the jurisdiction of the Camilo Ponce Enriquez canton, metal mining activity is carried out in all its phases legally granted by the competent agencies, respecting the environment and water resources, according to the Constitution of the Republic, the laws and related regulations? ”.

[noccer] 05/8/2019 23:05

Looks like they are accepting the claim by CGP that anything interesting within 5km of Cascabel comes under ENSA and so CGP benefits from 15% of it, but sadly the Blanca find lies outside the 5km boundary. So RNS 1 says we have split Blanca into Blanca 1 and Blanca 2, and Blanca 2 is the 5km bit which we transfer to ENSA - then they release the RNS about Blanca gold finds stating right in the header that the projects lie approximately 5.1kms from Cascabel (so its in Blanca 1).

So the Blanca gold find stays with 100% SOLG subsidiary - Carnegie Ridge. If CGP shareholders want a slice of it then they should go for the SOLG offer - if it finally appears. On the other hand do SOLG want CGP shareholders to benefit from all the other SOLG finds, maybe a major will make an offer for majority share of ENSA, then SOLG can use the money to get Blanca gold up and running and develop their regional properties. They won't have to worry about CGP's share of ENSA and the CGP free carry will end once ENSA gets Alpala to feasibility.

Its going to be interesting ... I notice that MRE#3 looks like it timed for Q2/Q3 in the timeline in slide 9 of the new presentation, but stated to be by end of year in slide 22.

[mknight] 05/8/2019 15:43

Its all good news .. even bought more land as they expect more goodies in cascabel.

Looks like some cash being raised lets hope not less than 27.5p