Solgold Share Discussion Threads

[lefrene] 27/1/2020 20:28

He/she suggests that an email from Elisa indicates that the MRE3 is unlikely to confirm large new finds, but will confirm that that which was classed as "inferred" will now be confirmed as "indicated", ie that which might have existed, will be confirmed as existing.

[markth126] 27/1/2020 20:03

WhatDo you mean by this? Am I missing something

[mknight] 27/1/2020 18:33

Inferred to indicated .

Looks like there will be very little rise in the copper.Gold and SIlver quantities from mre2 .

Emails been recieved from Eliza at Solgold .

[lefrene] 24/1/2020 10:16

Mine too, ages ago.

[mknight] 24/1/2020 10:06

Yes his on my filter as well .

[alwaysevolving] 24/1/2020 10:02

shabadi24 Jan '20 - 09:16 - 19263 of 19263 (Filtered)

So much better!

[mknight] 23/1/2020 19:40

Alwaysevolving .

Please keep posting your opinions .

You will never get them all right only those that never offer an opinión will never be wrong .

[lefrene] 23/1/2020 18:02

DozyDuck, in the presentation it says 0.1% not 1%, I was surprised to see that figure, so either I mis-read it, or it's a typo? But then I believe NM has said that the company is worth 30 to 40 times its current price?

If metal prices do finally pick up as long predicted by the 'teenage scribblers', then we just might see bidders wanting a 'spade ready' project to secure future supplies.

[dozyduck] 23/1/2020 17:57

Solg is valued close to the NPV given by last year's PEA, which is based on the mineable content of Alpala and its extraction timeline. Don't know where you get 1% from,! Don't forget its is 55 years life - which inflates that value considerably. Higher copper price will obviouly make a big difference. But with a nmine plan known, valuing 'in-ground' is not appropriate.

[alwaysevolving] 23/1/2020 17:49

Yes, I called that one wrong Shabadi, it’s a public BB and people post opinions. More often than not proved wrong. Apologies if it upset you as it seems to have done?

All you seem to post on the other hand are cheap swipes at other people from the safety of your keyboard. Get a life.

Filtered as you offer nothing to this thread.

[lefrene] 23/1/2020 17:32

alwaysevolving, one wonders what Solg would now look like if it were not for this Cornerstone 15% ransom holding. Obviously CGP want as much as they can get for their holding, and Solg want it for $7.5 million or not much more if CGP default on putting up 15% of the development cost.

For simplicity a market cap of £400 million says that 15% is worth £60 million, and if Solg is only valued at 0.1% of NAV (as they claim in the presentation), then it could be 20 times that if a 2% of NAV offer came in at £8 billion. So a new owner of CGP with deep pockets who could put up $525 million of development costs, might be able to get £1 billion or more for their 15% holding. Are we going to see the likes of Goldman-Sachs come swaggering down Main Street to perform another easy killing?

[shabadi] 23/1/2020 16:59

I'll stick my neck out and say this is going up early next week IMHO? (just based on the chart)

[alwaysevolving] 23/1/2020 15:01

Oh to be a fly on the wall at all these cross party meetings that are quite obviously going on behind the scenes.

I feel something significant is going to come out of left field quite soon and catch many sleeping?

[trev1223] 23/1/2020 15:01

I believe that production will come about via BHP, Newcrest and Solgold. The group will have the expertise of copper smelting,block-caving and finance. SOLG needs all of the aforementioned as they are basically an exploration company (and do it very well).
AIMO of course. Pity we will have to wait until 2025 for commisioning and hand-over.

[pob69] 23/1/2020 14:31

Interesting for Cornerstone Solgold $SOLG $SOLG.L $CGP #cascabel #ecuador

Maxit Capital, Bob Sangha, just purchased 211K shares, 0.65% of shares, at $2.51/sh. Half a million dollar investment. They now hold 16.48% of the outstanding Common Shares.

Cornerstone's financial advisor is Maxit Capital LP who also once owned shares in Solgold ((Bob Sangha ceased to be a significant holder RNS notification on 18/7/17)

[lefrene] 23/1/2020 13:34

I wonder if the strategy is to withhold information until there is a bankable feasibility estimate in place? At which point perhaps Cornerstone has to stump up its 15% slice of the projected cost. If that cost were $3.5 billion, then CGP would have to find $525 million pronto, which presumably it couldn't do, thus defaulting and having to sell out to Solg for $7.5 million? Will that BFS arrive ahead of schedule, now that BHP's number crunchers are also lending a hand?

[arcadian] 23/1/2020 12:33

Tells us everything except what they are really thinking but that`s understandable.

[lefrene] 23/1/2020 11:44

Current market cap is only 0.1% of net asset value. This is a very well done presentation, rather as if they are hanging out the 'For Sale' sign, whilst spelling out the route to production. The cash at hand won't last long so where is the finance coming from? Just a 2% buy out valuation would be 20 times today's price, I'd settle for that, and the buyer would be getting a bargain as commodity prices will likely rise against fiat currencies as we go forward.

[pob69] 23/1/2020 10:54

Refreshed presentation from Vancouver Jan 2020 Solgold $SOLG $SOLG.L $CGP #cascabel #ecuador with some curious changes (maybe for different audience).

226,300 from 225,000 meters drilled since Nov
US$160m spent ($180m in Nov?), 75 concessions (from 72)

Cash in bank US$27m

Old slide on the ownership of Alpala has gone - the one mentioning Solgold will bid for CGP (!)
Slide 16 Development timetable changes. Construction date line has been removed, MRE end Q1, end of q2, permitting q2 2021
Slide 39 - the Summary slide has changed including deletion of "Invested Management aligned with shareholders" and "WE ARE BUILDING AN INTEGRATED COPPER GOLD EXPLORATION,DEVELOPMENT AND MINING COMPANY"

[markth126] 22/1/2020 17:06

Some chunky buys last thing!

[mknight] 22/1/2020 14:28

Rich surface gold has always been his plan . Lets hope Blanca y nieve has more holes in it than a large tea stainer .

[lefrene] 22/1/2020 13:45

Hasn't this always been NM's stance to not be owned by somebody else? Unless he's stumbled upon a very rich surface gold vein, there is the small question of circa $3.5 billion to get a mine built. I suppose he could do a take-off deal with the Chinese or some other entity. Will we find out this year, or next year, or the ye................

[alwaysevolving] 22/1/2020 13:31

I’m convinced it’s the latter Arcadian.