Solgold Share Discussion Threads

[rougepierre] 29/4/2020 11:35

I know its an opinion, but when you listen to all 63 minutes of the webinar, SOLG is a 'no-brainer'...

I keep coming back to the significant shareholdings on phattrader's list...

So Nasdaq and dozy...are all those 97% of institutional holders idiots...or are we...?

[rougepierre] 29/4/2020 11:31

I don't mind people being more rational, I just don't want to read rubbish...

So...dozyduck...at 31 December Current Assets were $33.833 million; current liabilities were $6.513 million...net $27.2 million...

Operational cash outflow for the six months was $3.174 million...

So, although they are doing lots of testing and evaluation...

"drilling operations remain curtailed since September...." and while

" It should be noted that the current working capital levels will not be sufficient to bring the Group's projects into production..."

"SolGold is committed to the safety and wellbeing of its employees and communities, and as a result of the state policy and the reaction from many communities within its areas of operations to the potential for transfer of COVID-19, the Company is complying with government preventative measures and has reduced operations throughout Ecuador...."

So, they're using this suspension time to update the mineral resource; negotiate off take agreements; and set up the $150m plus preliminary funding for "development and production..."

[mknight] 29/4/2020 11:10

Ntbb i agree with you .

[ntbb] 29/4/2020 11:07

Mk, dozy and nas daq are extremely cautious I believe, but no doubt solg catches interest, my honest opinion, everything in market is.a risk but.solg.is a better risk reward then some of the rubbish out there

[mknight] 29/4/2020 11:03

I am happy to have nas daq and DD on the bb as they give it a balance . I am super positive but like to hear those others who are not so positive .

DD seems to think that after funding the price should be around 40 to 45p . He probably thinks without its about 20p .

The market believes the funding will come so we are at 28p .. seems about right . Once funding comes we should jump to 40/45p maybe a touch more maybe a touch less . With a takeover it could be 75p to a pound . Just Alpala the other 14 sites have not been drilled so today there is little value .

[ntbb] 29/4/2020 11:02

I believe dozy doesn't want solg to be taken over on the cheap, lol

[phattrader1] 29/4/2020 10:57

Me and Dozy don’t always agree but discussion improves ones validation.

Take a step back and admire this growing major. It will never become a major. NM has taken 5 years to place us into a ripe takeover target just before the next commodities boom.

Enjoy.

[dozyduck] 29/4/2020 10:50

Tosh by name - tosh by --- . Everyone is entitled to be here. Even more welcome should be comments by those who aren't invested - and why. So why do you post tosh ? Have you posted anything that isn't ? Do tell.

[tosh123] 29/4/2020 10:42

Nas daq
one simple question for you.... " why are you here " ?

[phattrader1] 29/4/2020 10:40

Why finance $2.85bn for a share of Alpala. Buy Alpala and 14 others for the same amount...

[ntbb] 29/4/2020 10:37

Retrace over back over 30s again imo

[dozyduck] 29/4/2020 10:34

Phat ! More innumeracy. Buy Solg for $2.85bn - then spend $2.85bn to build. What will you have spent ? Answers on your kindergarten blackboard please.

[greenelf] 29/4/2020 10:33

Take your head out of your cloaca, toiletduck!

[ntbb] 29/4/2020 10:31

I'd take 106p anytime!! Just not being greedy

[ntbb] 29/4/2020 10:29

Just alpha will turn out revenue of 58.4 billion in only 15 years

[ntbb] 29/4/2020 10:27

In the first 15 years of production, based on the 50Mtpa fast ramp up scenario, the mine is expected to produce an average of 810ktpa of concentrate with grades of 28.2% copper, 22.1g/t gold and 65.7g/t silver. These grades would result in production of contained metals of approximately 230kt of copper in concentrate, 580koz of gold and 1.7Moz of silver per annum on average. At spot metal prices, life-of-mine NSR sales proceeds are estimated to be USD58.4bn under PEA assumption.

[phattrader1] 29/4/2020 10:26

During offtake agreements there will have been many companies that would have thought it’s just easier to buy SOLG as a whole given its market cap and other prospects.

Why bother with an offtake agreement at all? So with the 10 qualifying expressions of interest, I believe some may have hinted at a takeover. However as this is not binding until an official offer is presented, I honestly believe the bidders will be thinking “why fund $2.85bn when you can buy the whole company for $2.85bn”...does that make sense?

(As it happens $2.85bn is £2.28bn = 106p a Share).

[ntbb] 29/4/2020 10:19

Nas daq,with a find like alpha 150m is peanuts, just look at the shareholders list, giants have invested in solg

[rougepierre] 29/4/2020 10:18

Hi Phattrader...those figures are amazing...but if they are correct they would suggest that there must be some shorts or double-counting, because the list stops at 5% but it totals more than 97%...

Assuming the Bell Potter number is correct (and if so why have we not had a string of Major Holdings RNSs...?), they will have stopped at 15% because beyond that they would have been required to state their intentions towards the Company.

So lets assume that at least some of it is being held by a predatory client. Bell Potter are an Aussie based firm. That suggests they are acting on behalf of an Aussie based Mining Company...plenty to choose from, but the five biggest are month the biggest in the world...BHP and RIO are the top two globally. The next three biggest OX miners are South32, Newcrest Mining and Fortescue Metals Group

So no wonder NM has appointed Citibank for bid defence, but on these figures how on earth can Mather credibly hold out against a takeover...and remember, he touts his career as being highlighted by nine of his companies being taken over...

And I wonder if the DGR fund raise suggests he's going to retire to run that and build it up...?

[rougepierre] 29/4/2020 10:17

Nas daq... every time you post you look stupid...

You didn't answer my question as to whether you listened to the whole of the webinar...

Now add to that, do you actually hold here...if not, you're a paid deramper...

The webinar does not in any way suggest they are 'desperate' for £150 million...how could they be, they are in lockdown and not able to lift a drill bit...

So...validate yourself or go away...

[lowtrawler] 29/4/2020 10:15

The 150m is expected to come from the offtake agreements.

[nas_daq] 29/4/2020 10:12

LowtrawlerThat isn't what was expressed in the webinar last week.They need 150m pretty quickly where is that coming from?NM also stated he may buy shares then said the BOD stopped him because of sensitive news......Yeah right........

[ntbb] 29/4/2020 10:06

Mre3 done by independent report, and look at the background of.management,

[ntbb] 29/4/2020 10:01

I suggest you buy now if you haven't already otherwise see us next week