Solgold Share Discussion Threads

[shabadi] 21/10/2019 10:24

Best case sale of assets or bid - but given current climate !

[shabadi] 21/10/2019 10:23

greenelf, well one way or another I guess there has to be. Crunch time, 500 employees and dwindling finances. Worse case perhaps a funding update and suspension RNS.

[greenelf] 21/10/2019 10:16

Big news a coming. Tick tock..

[shabadi] 21/10/2019 10:13

mknight - tick tock - time is running out, money needed. Friday 22p and today 20p

[lowtrawler] 21/10/2019 10:05

We needed an RNS to support last week's rise. Until an announcement, we are likely to retrace.

[greenelf] 20/10/2019 10:33

A golden copper bottomed investment this is.

[mknight] 19/10/2019 13:12

Yes thats why you dont close on a friday especially when the price is 22p

BHP want SOLGOLD maybe MRE3 will come out earlier than most expect .

[francoismyname] 19/10/2019 12:34

BHP comments at its AGM yesterday

Roll on Monday

hxxps://www.afr.com/companies/mining/bhp-hopes-renewables-push-will-help-it-cash-in-on-copper-20191018-p531vd



London | BHP's top executives have talked up the potential of copper as one of the company's most attractive long-term businesses, saying the company was well placed to respond to an expected demand surge of at least 500 per cent during the transition to a low-carbon world.
"Decarbonisation and electrification requirements for copper are going to be significant," chairman Ken MacKenzie told the company's London annual general meeting.

Coining it? BHP hopes its copper operations will profit from the decarbonisation trend.
"If you look at whether it be solar power or wind power, the requirements for copper in both of those renewable energy technologies is significant.
"I drive an electric car myself and it has four times the amount of copper in it than a fossil-fuel powered car. So we feel very good about our position in copper."
CEO Andrew Mackenzie said rising copper demand during the transition to renewable energy could stoke investment in copper production to between five times and 20 times today's level.
"There are a lot of things that have to play out in the world of copper as to how that supply will be met, and what kind of price levels will be necessary to trigger that supply," he told reporters in London after the AGM.
He anticipated challenges in finding new ore bodies in countries with stable government and receptive communities. There were also risks in handling the tailings sensitively, and in ensuring successful block caving.
Whitehaven Coal's first climate risk audit finds that Australian coal will earn advantage in a carbon coinstrained world
So a company like BHP is well-positioned, he said, because it had good existing mines where the communities were receptive and water scarcity issues had been dealt with through renewable-powered desalination.
This represented "a potentially quite advantageous position, because there are so many question marks politically, above ground as well as below ground, about greenfields copper supply".
"If you have good copper deposits and you're good at copper this is one of the most attractive businesses for BHP to invest in for the long term," he said.
"That's why ultimately we want to make a success out of Olympic Dam, and why we will of course continue to push the technology in places like Escondida so that we can mine lower grade at appropriate cost and still maintain the volumes we're getting there."
He said the question of whether Olympic Dam would have a desalination operation like that in Chile depended on how big the mine got, but "clearly when we were talking about open-pit, [we were] assuming we build a similar desalination operation to the one we have in Chile right now".

Mr Mackenzie said the role of copper in the shift to renewables meant "mining is the locomotive of the green future".
The company's annual report said BHP in 2019 "continued to review
other jurisdictions and opportunities to partner with third countries to counter the increasing exploration maturity of our existing geographies".
This included the acquisition of an 11.2 per cent stake in Solgold Plc and also a joint venture with Luminex, both in Ecuador; and a 5 per cent interest in a Canadian junior company working in Quebec. BHP is also working with Riverside Resources to "access new search spaces" in Mexico.
Resource assessment expenditure on copper rose 12.5 per cent to $US126 million ($187 million) in 2019, and greenfield exploration spending climbed almost 17 per cent to $US62 million.
BHP's copper production generated earnings before interest, tax, depreciation and amortisation of $US4.6 billion in 2019, making up 19 per cent of the company's underlying EBITDA. That was a bigger contribution than from petroleum or coal, but well below the $US11.1 billion earned from iron ore.
The company reported that the average copper price across 2019 was $US2.80 a pound, 9 per cent lower than a year earlier.

[pob69] 18/10/2019 17:49

More positive social licence coverage $SOLG.L $CGP #cascabel #ecuador SolGold.

The Mayor of Ibarra and the Director of International Cooperation of the provincial government visited Cascabel and "both organizations represent significant allies for their work".

“After listening to you, I will end up being the defender with the soul, life and heart of mining for all that I have heard from you,” the Mayor confirmed when she finished her visit. She also stressed that “I wish you to go ahead and I put at your service. I hope we can soon do things together with this new administration. ”

[mknight] 18/10/2019 15:57

Agreed

Cornerstone up over 6 percent 😁

Lets hope NM annouces permits Monday at 7am or better NEWCREST offer for cornerstone at 35p

Should sort the traders out

Big UT 756000 at 22.00

[lefrene] 18/10/2019 15:56

Evidently not following yesterdays trajectory. Well Newcrest came out of purdah this week and we have a new man at the water ministry, so the price might not be moving but it would seem that some things are moving in the real world.

[mam fach] 18/10/2019 15:27

Sorry,Can't agree.
Nowhere near herd instinct.
At the very least it's a recovery from falling far too low.
Time will tell which one of us is right.
GLA

[lowtrawler] 18/10/2019 15:18

Many thanks to pob for the excellent information he continues to post. I still don't think we are any the wiser on what has caused the price spike. In the case of SOLG, I caution against assuming the spike is anything more than herd instinct. Until an RNS, it's trading blind.

[mknight] 18/10/2019 13:46

So looks like we may now be getting our long awaited permits . Not just 1 but 12 .

Now that would be something .

There goes my 25p

Some just cannot wait .

[lefrene] 18/10/2019 13:29

Lets see how long it takes for the new Head Man to start making things happen.

[pob69] 18/10/2019 13:14

Yup! It may well have caused the sudden positive price movement - who knows? Also I note that a couple of North American twitter posters who have historically blown hot and cold on Ecuador/Solgold are currently negative about Ecuador right now. Of course that may mean nothing at all.

[lefrene] 18/10/2019 13:09

So a country that was keen to get mining underway had a politically motivated obstructer in a pivotal position!

[mikalan] 18/10/2019 13:05

Very interesting pob69 - thank you

[mknight] 18/10/2019 11:56

American and canadian markets open maybe

[nicksig] 18/10/2019 11:24

There was a big surge yesterday from 1.30pm onwards. Will be interesting to see if that happens again

[mikalan] 18/10/2019 11:17

SP movement seems to be down to MM manipulation and what someone in the know knows. Good volume today seems to be Private Investors only. Price always seems to move disproportionately to the volume of shares traded.

Clearly behind the scene scheming and deal making is taking place. It's frustrating that we don't know what that is.

Resource estimate due this quarter.
Drilling permit news must be due soon.
Financing news can't be far away.
Partnership/Takeover information a possibility.

[mknight] 18/10/2019 11:12

Lefrene

I agree with you we will see a nice rise into the close . Still think 25p eod

[mknight] 18/10/2019 11:10

Alwaysevolving

We will no doubt be last to hear the news . Looks to me if some already have a good idea what it is .