Solgold Share Discussion Threads

[mknight] 17/4/2020 09:40

Buy the dips .

[ntbb] 17/4/2020 09:33

Executive General Manager of Corporate Finance, Mr Ingo Hofmaier commented: "We are delighted with the outstanding responses received on our recent invitation to submit expression of interests from so many of the world's leading traders. Their indicative offtake terms were highly competitive and testament to the outstanding quality of the concentrate this long-life mine is expected to produce."

[mknight] 17/4/2020 09:32

Lowtrawler

We should rise now and strongly i would go for a blue finish . Just bought at 19.24 and 19.68

[phattrader1] 17/4/2020 09:30

I’m officially long at 19p.
This should go past 40p once the interests are short listed and negotiations get proper competitive.

[greenelf] 17/4/2020 09:28

Just a little resistance from the recent highs downtrend line. Once it breaks through that, it is released. This can only go one way at this point of Solg 's mine development. Way undervalued.

[lowtrawler] 17/4/2020 09:23

Following yesterday's announcement, buyers should be queuing up to buy in. There should be no prospect of a tree shake as the buyers would pounce. We're missing something in our understanding.

[mknight] 17/4/2020 09:23

Corrección looks like the gap has now been filled .

[mknight] 17/4/2020 09:20

Ntbb it will get filled but not today

[ntbb] 17/4/2020 09:18

F the gap what about the gap at 50p

[ntbb] 17/4/2020 09:18

This is a massive tree shake on a small volume, lol rats

[mknight] 17/4/2020 09:17

Gap at 18.3 lowtrawler

Its a technical thingy

[lowtrawler] 17/4/2020 09:12

Based on the market reaction yesterday and today, I have to ask myself if my assessment was wrong. I have long held the view that financing announcements were needed to drive the SOLG share rice forward. Yesterday, we got an announcement of significant expressions of interest which will likely result in near term financing, which validates the PEA valuation and which opens up SOLG to potential takeover offers.

If my view of the announcement is correct, why has the price not reacted better? Stepping back from the announcement, it is essentially an expectation that we will enter into offtake arrangements and those arrangements are currently in a competitive tendering process. We have had previous announcements from SOLG to advise that they would be looking at offtake arrangements and it is a usual part of the mining process. Looked at through this lens, the only real information to result from yesterdays announcement is that we have lots of interest and that the indicative bids more than support the PEA valuation.

Breaking this down to an impact on SOLG, we potentially have offtake arrangements which will be on better than average terms and a PEA valuation which is now looking very conservative. We don't yet have the information to know how conservative.

On fundamentals, the valuation of SOLG should be largely based on the Alpala PEA valuation. Thus, validation of that valuation and an indication it is conservatively stated is highly positive. Another fundamental underpinning the SOLG price is concerns on whether and at what rate SOLG will be able to fund Alpala to production. The announcement is the first indication that funding will be available and at better than normal rates.

While there is still a lot of work to be done to deliver on the offtake arrangements, and we don't yet know how big an impact this has on the PEA valuation, a price appreciation of less than 20% still appears strange. This doesn't take into account the increased probability of a takeover offer. In short, I am still scratching my head to understand why the price has not risen more.

[lefrene] 17/4/2020 09:11

mknight, I hear they have a full compliment of actors on board to present a tableau, to ensure the crew obeys their orders!

[mknight] 17/4/2020 09:11

Ntbb

It maybe the market wants to fill the gap and then off to the races .

[ntbb] 17/4/2020 09:09

They have received offers for funding!


"SolGold is also pleased to have received material offers for funding in exchange for offtake from a number of traders in their recent EoI submissions. Offers included the provision of both short-term and longer-term capital with proceeds available for studies, mine construction and cost overruns as well as working capital during ramp-up.

[mknight] 17/4/2020 09:05

Lets hope there is no CV on the good ship solgold 😀

[lefrene] 17/4/2020 09:02

ntbb, while the expressions of interest are a great step forward, it is perhaps akin to expressions of interest in a yet to be built block of fancy apartments? The expressions of interest once converted into a forward purchase contract, then underpins the cost of construction. Do the smelters appoint their own builder, or does a builder buy the project once it is underwritten by the future users? But yes, this project is leaving the quay side the tugs are taking lines, the good ship Solg will soon be under way. The price of a ticket remains an outstanding bargain.

[ntbb] 17/4/2020 08:49

You have top 10 smelters in the world bidding to get a slice of solg and more bidders to come and we are at disgusting price of 20p?

[ntbb] 17/4/2020 08:42

Tree shake and just watch how the snakes once they got their orders filled, they will say it.should be 100p not pence

[ntbb] 17/4/2020 08:40

Demand from all major Asian, European, North and South American smelters is expected to be strong, as a replacement for Freeport's gold rich Grasberg concentrate when smelting begins in 2023 at its planned Gresik smelter in Indonesia. SolGold considers that the low deleterious element content of the Alpala concentrate, and the well-balanced combination of sulphur, iron and copper in the concentrate will ensure that Alpala concentrate will be a preferred baseload for prime copper smelters with high gold recovery circuits. SolGold will be in the enviable position of choosing from a wide array of suitors for its concentrate, allowing for a competitive bidding process and geographical spread of sales.

[mknight] 17/4/2020 08:29

Early days ntbb

Looks good to me at the moment . Few early sells but the buys are starting .

Wnts showing on l2 which are not normally seen .

[ntbb] 17/4/2020 08:27

With that great rns of yesterday I find it weird we could have few sells, bhp could land a bid or even barricks or someone anytime and then some of the sellers will be regretting and it will serve them right

[easwarareddy] 17/4/2020 08:22

Struggling to buy... keeps going nt for quote

[ntbb] 17/4/2020 08:03

Significant interest with solg, I think 23p.should easily breach today

[ntbb] 17/4/2020 07:57

Dow and FTSE and copper on a rally, looking good for commodities markets