Solgold Share Discussion Threads

[pob69] 28/10/2019 08:09

Worth reflecting on recent news in the Solomons where the Chinese are now seriously investing (replacing the Taiwanese as prefered status investors).

"...The Gold Ridge goldmine in the Solomon Islands was officially relaunched Sunday in Central Guadalcanal, reports Radio New Zealand. (This mine accounted for 20% country’s GDP before closing!)

...It is now being redeveloped by the Chinese miner Wanguo International working in partnership with Chinese owned Australian developer AXF Group and local landowners in Central Guadalcanal."

Solgold's Kuma prospect is 37km south-east of the capital Honiara where as this mine is 30km in the same direction. Solgold has a drilling program planned for 2019. $SOLG $SOLG.L

Interesting (though would need to check atributes of source)....

[mikalan] 28/10/2019 07:59

A couple of snippets I liked

"SolGold is heartened by the progress we have made to better understand the metallurgical aspects of Alpala. The high copper and gold content in the concentrate (than evident in the PEA) markedly enhances our ability to attract financing for this outstanding asset."

"On top of copper gold and silver, we're still looking into molybdenum, rhenium, magnetite and pyrite recoveries. Not only is this orebody big, with a rich high-grade starter core, but it appears to be metallurgically beautiful."

I just love the phrase metallurgically beautiful.

I think as excellent as these RNS's are, to my mind almost more importantly is that together with updates last week we are now starting to see news from the company. Does that mean that having spent the last year in radio silence, doing deals, lining up the ducks, we are now ready for lift off?

[pob69] 28/10/2019 07:55

Things are moving.... Solgold $SOLG $SOLG.L $CGP #cascabel #ecuador.

"...This Tuesday, October 29, starting at 10:00, the 619th session of the Plenary Session of the National Assembly will continue, in which the first debate on the reform project to the Mining Law will take place.

[greenelf] 28/10/2019 07:33

Looks like MRE3 is going to look spectacular with the enhanced recoveries. This going to get developed one way or another! So so undervalued currently.

[greenelf] 28/10/2019 07:26

Boosh, Boom!

[mknight] 28/10/2019 07:19

Massive news today .

Just added 4 million tons of Gold even before MRE3..

Under normal circumstances we Would see
30p today . So i guess 25p Would be ok.

[markth126] 27/10/2019 18:31

Well I hope so I've been promising myself a Ferrari when these come good! It's just taking forever

[jenks7] 27/10/2019 16:16

pob69 ,

Thanks for your interesting media articles. In time Solg. will reward us well.

[pob69] 27/10/2019 12:03

Its interesting to see that the UK press, at least, are covering the copper crunch in more detail over the past couple of weeks or so including Moneyweek, Sunday Times and here is this weekend's Financial Times take on it with reference to Peru, though still as relevent to Solgold $SOLG $SOLG.L $CGP #cascabel #ecuador.

Anglo American closes in on Peruvian copper bounty...

[yufff] 26/10/2019 16:51

Francois MM’s don’t control the share price algorithms do via AT trades.

[greenelf] 26/10/2019 08:07

I had another read through the last investor presentation and browsed the website. Many investors are totally misreading what the company currently has and its vast potential on already located sites. There is no chance in hell any further slice if this company is going to anyone at less than 40p per share. And that is rock bottom. Further, the chances are this going to be taken out in due course, either the whole company or just Alpala as a project. Just too valuable.

[mknight] 26/10/2019 07:37

Once the permits arrive NM will have to decide how he takes the company forward.

Not sure how many rigs are available in Ecuador but even 3 rigs per permit could add up to 60 rigs for 20 sites .

Will he farmout some of the projects ?

How many years before the permits become nul and void if not drilled .

Nice problems to have .shed loads of blue sky in the price .Once the permits arrive he could probably Sell on half the sites which Would no doubt bring in
More money than our current market cap

[lefrene] 25/10/2019 18:14

I think it's waiting for the sclerotic government to grant drill permits, and perhaps the company can then make real world progress towards releasing some of those 100's of $ billions worth of metals! And of course our money man fixing up finance, then I think we would see the big boys happy to show their hand. Why use their own money when they can use somebody else's. One just has to continue to trust that Nick Mather actually knows what he is doing. Certainly it feels as if a lot of enhancing information is being sat upon until certain cogs drop into place.

[francoismyname] 25/10/2019 17:58

Solgold don’t want one at that price but with the MMs keeping this at 20p , it may be all NC and BHP are prepared to pay.

I’m sure if their was a Whiff if BHP paying 45p again this would have been off to the races already.

[mam fach] 25/10/2019 17:12

Why would you want a placing @ 21p.
Get real.

[francoismyname] 25/10/2019 15:49

loads bought at 21p even a 100k buy earlier and refuse to move it up.

Got to believe they think a placing coming around this price, and dont want to move it up.

[alphapig] 25/10/2019 15:26

What's going on, how many they gonna give away at 21?

[trev1223] 25/10/2019 15:08

cymrurhydd
Wrong thread?

[cymrurhydd] 25/10/2019 14:50

YufffCelticheart07 is giving it large ones again........

[greenelf] 25/10/2019 14:21

Getting ready to take off. Big week coming up.

[telbap] 25/10/2019 11:13

A resource upgrade available by the end of October?Would be interesting to get a time line to a FID date, that's the baby which will make this real.

[pob69] 25/10/2019 08:51

Forgot to mention article quoted "$15m in cash" and that "Ingo Hofmaier is also looking at a number of conditional mine financing packages" Solgold $SOLG $SOLG.L $CGP #cascabel #ecuador

[pob69] 25/10/2019 08:16

Interesting local case study on the impact of illegal mining in Ecuador Solgold $SOLG $SOLG.L $CGP #cascabel #ecuador