Solgold Share Discussion Threads

[pob69] 21/2/2020 07:58

The Govt will present at Ecuador Day at PDAC 30/2. This interview with the Vice Minister of Mining could provide background as to what they may say Solgold $SOLG $SOLG.L $CGP #cascabel #ecuador...

"...The Government is clearing the way for mining companies to operate"

[pob69] 20/2/2020 19:51

Good heavens - so interesting seeing a presentation by Brooke MacDonald CEO Cornertone showcasing Cascabel and contrasting that to Nick Mather with his recent presentations.... at least the word "imminent" appears popular!


"...People thought we would be an imminent takeholder target (when BHP bought into Solgold). I think it will happen but it just hasn't happened yet..."

[lefrene] 20/2/2020 16:39

I don't want to see yet another rights issue, there's already over 2 billion shares in issue. Solg has huge assets, Cascabel needs either to be sold, or a deal done with an end user to provide the finance to get a mine up and running. I would prefer a sale. Solg is an explorer it's very good at discovering substantial resources, it could become a miner, but does it want to? Cascabel sold at a fair price would provide for ongoing exploration and a divi for share holders. Ecuador is only at the beginning of it's mining era, there's a lot further to go, and Solg is the calibre of explorer to help them get the best assets to market.

[mknight] 20/2/2020 14:47

Thats better .

[loganair] 20/2/2020 10:15

What I would like to see Solgold do is a 1 for 3 Rights Issue, that all share holders can take part in, would raise £120mln which would be sufficient capital to run Solgold for 2020 & 2021 leaving Solgold just the need to find the capital to actually build the mine and bring into production.

[shabadi] 19/2/2020 10:42

Agreed, but it won't raise enough.

Perhaps along side other funding so that small PI's can be involved at a discount - but NM and his cronies should volunteer to not take up the offer.

[loganair] 19/2/2020 09:58

What I would like to see from miners such as Solgold is to raise money via Rights Issues so the small Private Retail Investor can also be more involved instead of going for just Placings - this would also have the advantage of keeping the shares more liquid.

[lunus1] 19/2/2020 09:51

Shab thx for the advice

[shabadi] 19/2/2020 08:09

Lunus1 - Having invested in UJO you already know the risks when investing in mining.

There is potential of good upside here if SOLG can finance Cascabel through to the BFS. But if they can't or Ecuador pulls the plug then this might not be a going concern and you risk losing most if not all your investment.

Read the recent half year results, and last year the intention to bid for Cornerstone and more importantly their same day response to that.

As for pob69 above.
If you want to invest in "commodities like Copper" AND think the pound is heading for a fall (with Brexit negotiations) (and Coronavirus can be contained) then consider a COPA ETF (a Dollar Copper play).

[pob69] 19/2/2020 07:55

Here's some reassuring comments from BHP Earnings call with CEO Mike Henry

"...Jurisdiction risk because I have spoken about wanting to secure more options in commodities like copper and nickel and so on, very strong preference there to do that through exploration in jurisdictions that we like. But we won't ignore if there's an attractive enough opportunity in new jurisdictions or harder jurisdictions, we'll consider it. It's not first preference. First preference is to be where we currently are or in new jurisdictions that we're more comfortable with, in Ecuador, in Mexico......"

"...much bigger focus is going to be on early-stage entry and exploration."

[lunus1] 19/2/2020 07:26

Mk thx mate

[mknight] 19/2/2020 05:52

Lunus1

The 5th of March looks to be perfect .

[lunus1] 18/2/2020 22:52

I’m looking to get into SOLG in the near future, especially at current prices. Anyone got a feeling for the best time as I was thinking of April/May time for the resource update and the PFS. Any advice would be appreciated.

[lunus1] 18/2/2020 22:52

I’m looking to get into SOLG in the near future, especially at current prices. Anyone got a feeling for the best time as I was thinking of April/May time for the resource update and the PFS. Any advice would be appreciated.

[loganair] 18/2/2020 22:35

BHP CEO being interviewed in Australia reiterating they are looking to buy Copper and Nickel, Explorers and Developers rather then looking to buy producers, mines that are already in production.

[mknight] 18/2/2020 16:15

Gold over 1600 today .

[pob69] 18/2/2020 15:36

A fourth Peter Kerr AFR article (behind paywall) significantly referencing Solgold $SOLG $SOLG.L $CGP #cascabel #ecuador

Cashed-up BHP's coronavirus caution
Some important quotes by Peter Henry CEO and CFO Peter Beaven
"...We do need to create more options in future-facing commodities"...."We need more copper and we need more nickel"

"..his preference was to generate new investment options through exploration and early-stage entry to projects, but he did not rule out larger cquisitions."

"...SolGold should look for the cheapest source of funds..."

"We have been working very cooperatively with SolGold in the recent past and so we would hope to be able to continue to do that".

[mknight] 18/2/2020 15:32

Thats correct october i think . However no reason why they cant sit down and make an agreement before that date .

[lunus1] 18/2/2020 15:21

Mknight I thought BHP were constrained from making an offer until November of this year as part of their share purchase?

[mknight] 18/2/2020 13:51

Sounds like they will try and buy Solgold or another similar copper play .

[alwaysevolving] 18/2/2020 13:23

Courtesy of Robers98 on the JLP board.


BHP Group will be looking to expand in copper and nickel to position itself well in a world that is decarbonising, new chief executive Mike Henry said on Tuesday.

"We need more copper and we need more nickel," Henry told reporters after saying that the company would need to create more options for itself in "future facing" commodities.

[loganair] 18/2/2020 13:13

Just to confirm:

In an interview BHP saying they want to get more into commodities that are needed for the future, naming Copper, Nickel and Pot Ash while wishing to divest themselves of Energy/Thermal Coal.

Discussing the future of BHP's portfolio, which is dominated by the steelmaking ingredients of iron ore and metallurgical coal, chief executive Mr Henry said he wanted to develop more growth options in its "future facing" commodities such as copper – used in wind turbines – and nickel – which is needed to make lithium-ion batteries.

[arcadian] 18/2/2020 13:05

Thanks to LSE extract from BHP Report.

Over the longer term – beyond five years – he wants more copper and more nickel in the portfolio, preferably delivered through exploration or through deals with early-stage mining projects where a mineral has been discovered, but not developed.

Guess who!!!!

[lowtrawler] 18/2/2020 09:58

If we look at the SOLG share price logically we can establish the following:1. Initial news that cascabel was likely a tier 1 mine caused the price to jump over 40p.2. Local court cases challenging whether the resource could be mined caused the share price to fall to around 30p. The court cases were defeated.3. Lack of news and boredom saw the share price drift to low 20's.4. Political instability in Ecuador saw the price fall to 17p. When this was resolved, the price recovered to around 20p.5. Worries over funding have reduced the price below 20p.Other than funding worries, we are in a better position today than when the price was over 40p. The recent news flow gives a lot of confidence that funding will be resolved soon. Overall, we are in a more investible state than when the price was over 40p. I fully expect the price to increase rapidly over the next few weeks.