Solgold Share Discussion Threads

[mknight] 21/8/2019 21:57

Sounds rather a large amount of profit . I think you may be wrong . Do you want to check it again .

[arcadian] 21/8/2019 21:24

The gold alone demands our patience. Our large deposits are worth a lot of money even after start up costs and each mined OZ would be worth $1500 ( profit $1200 per oz ) with any copper a bonus.

[mknight] 21/8/2019 11:57

Nobody works in August in latin countries . Just over a week to go until everybody back to work .

However the solgold bakery is doing really good business .

[lefrene] 21/8/2019 10:27

ntbb, it's just that the MMs have a living to make so they will just keep nudging it in the direction of least resistance. Hence if it's falling it keeps falling as stop losses get triggered. The drift downwards here will continue until there's some news that puts a positive slant on things. At the moment we just have money flowing out and nothing positive coming back. Those drill permits would be welcome, so why are they being held up by a government that is supposed to be mining friendly?

[ntbb] 21/8/2019 10:07

It's very suspicious we are down every day on very small volume of trades

[1garythomas] 21/8/2019 10:01

If you worried about a spike, just sell half, or just play with a few thousand, 25 now, looking like it will test the 22 support.

[lefrene] 21/8/2019 09:54

I ask myself "would I go short at this level", no I wouldn't, I wouldn't be able to sleep for fear of positive news that is hanging in the wings.

[mknight] 21/8/2019 08:45

Hmm

No idea what that means but lets blame Solg anyway .

[bmnsa] 21/8/2019 08:29

Millions of Zero hours contracts is not full employment,with few paying any tax at all,but instead getting tax credits.

[mknight] 21/8/2019 07:53

Blimey lurker5

See a doctor .. while employment is strong we will all be ok . Including the markets .

And put the shotgun down you really dont need it .

[lurker5] 21/8/2019 07:40

Lefrene - yes Ok. I always thought it would take 10 years to see the real potential. But who knows whether the world economy will survive 'til then ?

[excellance] 21/8/2019 00:33

free stock charts from uk.advfn.com

[excellance] 21/8/2019 00:32

oh dear, not looking good!


free stock charts from uk.advfn.com

[lefrene] 20/8/2019 23:18

lurker5, I'm taking a very broad brush across the 70+ properties, simply to illustrate the gulf between current market value and crudely available value across time. Nothing to do with Alpala and the PEA. Historically copper has followed gold after a lag, it won't stay in the gutter for ever, it's simply too useful and essential.

[mknight] 20/8/2019 17:35

Lurker 5

The future is impossible to know .

You seem a little down and i can understand why . Watching the share price fall everyday is not fun .

Apart from one of the largest mines in the world we have 12 more priority sites and another 60 sites after that .

Our day will come imho normally when everything looks black .

Chin up .

[lurker5] 20/8/2019 17:27

Its no good saying " --- even if it costs £2,500 to extract ---' ! The cost has been worked out for you exactly in the PEA, and the profit from doing so. Alpala may well be extended, but all that might do is extend the mine life, because the PEA is based on mining the top grade core first and the returns from doing that come in the first 10-15 yrs or so. What the market would like is to find more early mineable core and that looks unlikely. A major might like he thought of a long mine life, even if acc to the PEA in the last half it only breaks even, but the market doesn't want to wait that long. The only thing will really spark the share price (unless some corporate deal - which looks less likely for the same reason) is a consistent rise in copper.
I'm not deramping for the sake of it. I've had a large holding for four years but I don't expect much from it in the medium term.

[lefrene] 20/8/2019 16:56

Solg's market cap is under £500 million and there's at least in my view £500 billions worth of metals (possibly double that?) on the company's properties at todays values, which will only rise in fiat currency terms as the decades pass by as this huge resource is mined. So at the current level that's £5 for £5000 worth of metal. Even if it cost £2,500 to extract and sell it, you're still getting £2,500 for £5.

The likes of BHP must be slavering over picking this up for a song, letting Solg do all the donkey work proving the sites up, and BHP can step in when (once their purdah period is over), it suits them. BHP might as well wait until Solg has done the final Bankable Funding Study, no need to hurry, just let the little guy wear himself out!

[mknight] 20/8/2019 16:56

Lowtrawler

I will not be selling any as the moment i sell we will no doubt be back to 40p the next day .

[lowtrawler] 20/8/2019 16:44

if it doesn't stabilise at 26, next stop is 21. I'm comfortable continuing to hold as it will require criminally bad management not to create a decent medium term return. Stick this on the shelf and forget it's there.

[mknight] 20/8/2019 16:37

Lefrene 26.05

It seems cheap but who knows .

[lefrene] 20/8/2019 16:04

It rather looks like it's going to go below the level engendered by the court case panic.

[lefrene] 20/8/2019 12:14

On a technical level that little spike downwards appears to have momentarily filled that tiny gap from late June. Onwards and upwards? yeah that'll be the day!

[lefrene] 20/8/2019 11:48

With thanks to Mogg999 in another place. BHP results extract.



Just some extracts from their year end results

"Copper prices have been heavily influenced by swings in global trade uncertainty in the second half of the 2019 financial year. Against this backdrop, we believe underlying fundamentals remain sound. Copper demand should grow steadily. Grade decline, rising input costs, water constraints and a scarcity of high-quality future development opportunities continue to constrain the industry’s ability to meet this growing demand at low cost"

I wonder where they would find a high quality development ? Cascabel seems to fit this :)

"The Group has a US$6.0 billion commercial paper program backed by a US$6.0 billion revolving credit facility, which expires in May 2021. As at 30 June 2019, the Group had no outstanding US commercial paper, no drawn amount under the revolving credit facility and US$15.6 billion in cash and cash equivalents."

$6bn on tap, would NM take $6BN for Solgold ?

"Consistent with our exploration focus on copper we have added to our early stage copper optionality. In the first half of the 2019 financial year we acquired an 11.2 per cent interest in SolGold Plc, the majority owner and operator of the Cascabel porphyry copper-gold project in Ecuador"

the clock is ticking