Solgold Share Discussion Threads

[mknight] 04/6/2020 18:26

Phattrader. Dont be a silly billy there is no way they are going to prove up a tier one project in 4 months ieven if they start drilling tomorrow .

They still dont have the permit for Rio Amarillo either.

[phattrader1] 04/6/2020 18:24

Maybe they’ve done a U turn on Franco because of takeover incoming?

[phattrader1] 04/6/2020 18:22

This money will prove up another Alpala before October.
Last chance saloon for NM to give away cheap shares. He knows it’s desperate times and needs to prove some more reserves for the share price to rise before any bid.

[mknight] 04/6/2020 18:12

If they need the money to finish the pfs and Dfs . Wheres the money for drilling .

[fsawatcher] 04/6/2020 18:01

i need to get some shorts

[fsawatcher] 04/6/2020 18:01

i just sign up for primary bid

but it says term start in Sept and i need to bring lunch box?

Wot

[fsawatcher] 04/6/2020 17:59

i fink this rise from here

they aint gonna let you munchers get in at 20p when they payin 21.5p r they ??

if this reason it drop from 30p to get placin doen then it goin up with wings like a buttefly strapped to musk rocket

woz primary bid thing? why dint they do open offer and reward current holders

anyways, i fink it open at 23p morra and anyfink sub 22p gonna be eaten uo like a fish that not had scales doen for month

slap it smakit drink it in folk

it a beuty

[lefrene] 04/6/2020 17:48

The old adage that a 'miner is a liar stood in front of a hole in the ground', comes to mind.

[mknight] 04/6/2020 17:40

Thats terrible and by luck i am out .

He said he would not raise funds aa the share price is too low ..Thats just a lie .

[lefrene] 04/6/2020 17:40

More cash wanted without saying what they want it for! No wonder the price here slipped, so that'll be 20p tomorrow then? One hopes the dosh is to get some drills spinning and prove up some choice sites pronto.

[rougepierre] 04/6/2020 17:30

Sincere apologies Texas...

[orchestralis] 04/6/2020 17:26

Fund raising rns

[rougepierre] 04/6/2020 16:41

Further significant points from CGP presentation:

"Cornerstone will fund its 15% after Bankable Feasibility Study (BFS) - If the BFS is positive, we will raise our share of $150 million for every $1 billion in capex

No one has a right of first refusal or other pre-emptive right on Cornerstone the listed company - Any buyer of Cornerstone would simply step into our shoes with the carried interest

Cascabel is the type of asset that will end up under the control of a major mining company

Strategic positioning of Cornerstone's direct and indirect stake of 22% is extremely valuable and larger than both BHP’s 12.5% (14.7% of SOLG) and Newcrest’s 12.4% (14.6% of SOLG) stakes in Cascabel"

[rougepierre] 04/6/2020 16:40

I suspect that CGP sales of SOLG shares are because they are desperately short of cash...can they hang on...

hxxp://www.cornerstoneresources.com/i/pdf/Financials_1Q20.pdf

They had only $933k cash at 31 March and during the 1st quarter sold almost $5m of SOLG shares at a loss...which suggests desperation to me...they had net Operational cash outflows in the quarter of $1.78m...

"During the three months ended March 31, 2020 the Company sold 4,985,838 (December 31, 2019 – 829,576) shares of SolGold Plc for total proceeds of $1,713,531 (December 31, 2019 - $279,013) and recorded a loss on the sale of long-term marketable securities of $1,394,448 (December 31, 2019 - $238,112) in comprehensive (loss) income. ..."

And I suspect it gets worse...just checked the CGP 7 May presentation...$3.2m in cash, suggests to me they have sold a further 6/7 million shares...that would leave them with c158m shares or 8.2%....

Surely Nick has their nuts in a vice...?

[lowtrawler] 04/6/2020 11:51

There won't be a placing but there will be a financing announcement of some kind which is likely to include convertibles.

The announcement could be made before the FNV deal is finalised but it is more likely to coincide. As we recently heard, FNV might not be on site until late July and so the deal might not be finalised for a few more weeks.

[phattrader1] 04/6/2020 11:47

Yawn - $2.7bn to be announced soon followed by a CGP takeover.

[texaschaser] 04/6/2020 11:02

rumours of placing. true? looks typical pricing pump before placing action so could be

[rougepierre] 04/6/2020 10:44

Wasting your breath nasdaq...you're filtered...thank God...

Anyhow...I repeat my prediction...

The economic recovery from CVD will be led by infrastructure spending by all major economies...

In addition, as we have now seen from Merckel in Germany as well as Macron in France, there will be a heavy emphasis on green projects and initiatives, such as the doubling of financial incentives to acquire EVs in Germany.

All that is very good news for copper which is not only core to green projects and EVs but also has unique anti infection properties...

Its only a matter of time now...tick tock...

[phattrader1] 04/6/2020 10:11

SOLG market cap £445m
GGP market cap £420m

FML!

[nas_daq] 04/6/2020 09:39

Or you are just wrong.....I'd plump for the latter

[lefrene] 04/6/2020 09:35

It's a prize worth having, so no end of skulduggery will go on before a winner emerges, but BHP/Newcrest and Blackrock won't let it go for less than it's real value. CGP has to be resolved before any progress here. It feels like wading through treacle.

[rougepierre] 04/6/2020 09:26

The market hasn't yet factored in the value of the Franco Nevada deal...it puts a notional value frame on Alpala...

Meanwhile if significant resources can be identified at the other prime sites it will make Alpala less critical to the share price ..

In the meantime I am increasingly of the view that this is being manipulated for a bid...

AAIMHO as usual...