Solgold Share Discussion Threads

[pob69] 27/11/2019 19:50

Odd. No idea why they have been removed. A couple of tweet including pics from a couple of days of workshops held for local communities around Cascabel. Nothing controversial there!

[lefrene] 27/11/2019 17:55

pob69, thanks but evidently the item is too hot and been censored by Twitter!

[noccer] 27/11/2019 16:33

Hydrogen is pretty dangerous, and I don't think the planners have quite realised how big an issue safety might be. Unlike hydrocarbons it is flammable over a very wide range of concentrations (4% to 75% instead of for example 5% to 15% for natural gas), and the energy required to ignite it is around 10 times lower than other flammable gases. On top of that it either has to be refrigerated to extremely cold temperatures or pressurised to great pressure to get a decent energy density. So I would be wary of investing in hydrogen technology in the longer term, much more confident with electrification of transport and copper demand - and maybe other battery and motor materials too (cobalt, nickel, lithium and rare earth elements for the motor magnets). Copper is also being used in large amounts in wind farms with 5 tonnes per MW onshore and 9.5 t/MW offshore - so about 15tons per turbine onshore and 30 tons per turbine offshore.

[pob69] 27/11/2019 16:20

Somne local community activity at Cascabel #ecuador Solgold $SOLG $SOLG.L $CGP #cascabel

[yufff] 27/11/2019 13:20

It’s not only cars

Just think of all the copper piping used in every house in the world .

Big things going on here behind the scene.

[loganair] 27/11/2019 12:45

It seems to me Solgold Alpala mine will be coming on line just at the right time as I can see in the mid 2020s an explosion of the number of electric vehicles being sold which will carry on into the mid 2030s as people quickly replace their combustion engine vehicles.

[ntbb] 27/11/2019 12:13

hxxps://agmetalminer.com/2019/11/25/icsg-global-copper-market-in-deficit-by-330k-tons/?utm_source=dlvr.it&utm_medium=twitter

[lefrene] 27/11/2019 11:22

It looks to be shaping up that bank debt will be used but perhaps with BHP and Newcrest effectively guaranteeing the loans for the mine start up, with their skills and the assurance of their large money reserves. This latest fresh capital from BHP nicely balances their interest with that of Newcrest, and it tells you that they are intent on seeing at least Alpala going ahead. I would expect any potential vultures will likely watch happily as the little guy knocks himself out getting the BFS done and then get a finance deal in place, then perhaps would be the time to pounce with a $5 billion offer?

[lurker5] 27/11/2019 11:04

You could say the value of Alpala 'in the ground' is the NPV (take your pick of the discount rate) calculated for the PEA (10 x current mmarket cap). But as people say, how do you get at it ? If Solg had the $2.8bn capital cost, you could say that's a straight value (over the next 45 years) to current shareholders. But it hasn't, so its going to have to raise it by giving part of that value away, either to new shareholders, or to other partners, or via 'streaming', or in bank interest. Take your pick of the mix of options.

[nicksig] 27/11/2019 10:37

My reading is BHP = working capital + leverage over governments to get things moving

[goodgrief] 27/11/2019 10:35

oakville, what price do you put on Oz of Au in the ground?

[lefrene] 27/11/2019 10:27

We all know it's cheap, but it stays cheap until there is certainty that there is capital put up to mine it. Otherwise it's like being stood next to a vault full of money but no one has the means to open it, until either the bloke with the combination comes along or the man with the plasma torch. At least we know the money is in the safe :¬) Very positive that it seems likely BHP will be lending Solg some of their brains to which hopefully will speed up the BFS, a pity this wasn't done sooner, but perhaps BHP are now wanting to speed things up a little?

[mknight] 27/11/2019 10:13

Lurker 5

It can always get worse .. but Not much

[oakville] 27/11/2019 09:24

The current market cap doesn't even cover the metals in the ground.

[lurker5] 27/11/2019 09:17

A streaming deal for Alpala might be a boost to confidence, but in the long run can be extremely expensive (more than double a bank's interst rate) and would reduce its value to Solg holders quite substantially. The big holders would have to be convinced, and would be willing to wait longer than other holders for a better deal.So don't hold your breath.

[parsons4] 27/11/2019 09:13

These look like they have bottomed, they are basically under-valued IMHO. If the GOLD price really takes off and Copper remains strong then this could be a multi-bagger GLA

[mknight] 27/11/2019 05:55

If it was my call and the terms were the same i Would go 50/50 .you never know what the price will be in a few years time .

[loganair] 27/11/2019 00:00

What will Solgold stream?

The Copper or the Gold?

[mknight] 26/11/2019 16:02

Loganair

I am sure they Would bit it might not suit Solgold unless they bought it .

[loganair] 26/11/2019 15:36

I think BHP would much prefer to get the Alpala mine up and running first due to the need for Copper rather than Gold or Silver.

[mknight] 26/11/2019 15:33

Lefrene

They have lost the map and didnt make a copy .