Solgold Share Discussion Threads

[lowtrawler] 25/6/2020 10:25

The share price fall on today's news can also be taken 2 ways:1. The market think Newcrest have really fallen out with SOLG and are about to make them pay.2. Manipulation of the share price has commenced prior to a takeover offer.

[lowtrawler] 25/6/2020 09:56

I think cornerstone are likely to play a part in any Newcrest takeover action. They will be aiming for a better deal than SOLG have offered them and act as something of a trump card with their 15% in Alpala. It remains to be seen how cornerstone are played though.

[nas_daq] 25/6/2020 09:56

Excellent ramping this morning and the price keeps dropping, even better.....Mkrampynight will be buying another 500k and then miraculously he will have sold when it drops further......

[arcadian] 25/6/2020 09:54

Agreed. We need a fat lady but if she is still waiting in the wings for her grand finale we need patience (and a vaccine)

[pob69] 25/6/2020 09:51

Sleep is for whimps...

It is never dull and I think the window of opportunity for corporate actions has shortened but what do I know?...

Nick Mather in today's RNS

"...we enter the next stage of the Company's lifecycle. ...PFS programme continues with a September 30, 2020 objective. ... the Company is fully funded for the next 18 months."

I imagine the proactive interview later was pre-recorded prior to today's news but if not it could be interesting viewing though sadly no questions can be posed directly.

[mknight] 25/6/2020 09:51

Newcrest have a good relationship with cornestsone would make sense for them to buy the Cornerstone shares they hold in solgold and the 15% in Ensa before Bhp are let off the leash..

Not sure how NM can defend a takeover if BHP and NEWCREST get together with cornerstones share will take them to approx 34%

[lowtrawler] 25/6/2020 09:36

As per the discussions earlier this week, I believe that the Newcrest spat is a fabrication which frees their hands for a takeover. I don't believe that Newcrest will be the key party in the takeover and they will support a third party.

If this analysis is correct, the action is likely to commence very soon. If they wait for exploration results to come streaming in, the price is likely to increase and moving now also allows them to take FNV out of the picture. If you want to increase your exposure to SOLG, now is the time to do it.

[arcadian] 25/6/2020 09:26

Pob

Thank for your vigilance. I do hope that you manage to get some sleep sometime.

[pparekh20] 25/6/2020 09:21

And if option 2 is most likely, SOLG will be drilling as much as possible in order to boost that share price before takeover!

[rougepierre] 25/6/2020 09:18

Brilliant find pob! Option two looks more likely lowtrawler...

[pparekh20] 25/6/2020 09:15

The news in the current RNS, we were made aware of in the last RNS anyway. Nothing surprising, but a chance to top up at low prices.

[pob69] 25/6/2020 08:56

Solgold SOLG $SOLG $SOLG.L $CGP #cascabel #ecuador.

As a reminder on his appointment 3/3/17 ....

Pursuant to the Agreement, Newcrest have anti-dilution rights, and are obligated to follow the direction of the Board of SolGold in an independently recommended change of control transaction supported by 60% of SolGold shareholders.

[lowtrawler] 25/6/2020 08:53

The resignation of Craig Jones has been well flagged but has just reminded people about the Newcrest spat. There are 2 ways to look at it:

1. Newcrest are genuinely upset and are taking their toys away. This will be the first of many adverse moves against SOLG.
2. The spat is a fabrication and removing their Director will free them up for Corporate takeover actions against SOLG.

I favour the latter.

[waterloo01] 25/6/2020 08:46

Are Newcrest selling out or going hostile?

[pob69] 25/6/2020 08:34

Solgold SOLG $SOLG $SOLG.L $CGP #cascabel #ecuador.

Craig Jones has resigned from the Solgold board on the request of Newcrest. Gloves off?

In light of the new recruits, I looked at the about us team page 30 minutes ago and he was listed.

[jarega85] 25/6/2020 07:08

SolGold PLC Expert Technical AppointmentsSource: UK Regulatory (RNS & others)TIDMSOLGRNS Number : 0526RSolGold PLC25 June 202025 June 2020SolGold plc(" SolGold " or the " Company ")Expert Technical AppointmentsThe Board of Directors of SolGold (LSE & TSX: SOLG) is pleased to advise of the appointment of Mr Peter Holmes to the position of Director of Studies and Mr Steven Belohlawek to the position of General Manager-Underground Development and Mining.Peter is a mining engineer and brings to SolGold extensive experience in large scale mining projects with a focus on project execution, which includes tailings management and above ground infrastructure. His career in the industry has spanned over 30 years and has covered a variety of roles and jurisdictions including Australia, Canada, USA, Africa, South America, Middle East, and Asia. During this time Peter has worked for a number of mining companies including 10 years with Barrick Gold based in Toronto working globally, Placer Dome and Normandy Poseidon, overseeing the successful execution of a number of projects including Buswagi, Osborne, Cortez Hills, Jabal Sayid and Barrick Gold's Pueblo Viejo project with a CAPEX of US$3.6 billion. Peter's experience includes Brazil, Argentina, Chile and Peru working in both projects and operations which he brings to the group.Peter's professional background has comprised of senior leadership positions that have included strategic planning, technical studies, as well as more hands-on operationally focussed roles. Peter, alongside Eduardo Valenzuela (Executive General Manager Studies) will be focussed on the Alpala Deposit Prefeasibility Study and Definitive Study workstreams and programs.Steve is an underground mining engineer with over 20 years of project development and operations experience at world-class, large-scale mines in Australia and Indonesia. His career is built upon large scale underground mine design, scheduling, project development, mine commissioning and ramp-up. His experience includes 10 years at the Freeport underground block cave Grasberg mine expansions during which existing underground mines were expanded and two new super block caves were developed. The depth of these mines and their scale have few precedents. His experience also includes mine project development and establishment of sub-level cave and operations execution and planning of large-scale open-stoping mines including Olympic Dam with BHP, Telfer sub level cave construction with Newcrest, Big Gossan Mine and Deep Mill Level Zone with Freeport Indonesia and Hilton and Enterprise mines with Mount Isa Mines. Steve's expertise covers a broad skill set from feasibility studies through to large-scale underground mine planning and operations.Commenting on the appointments, SolGold CEO Mr Nick Mather said:"The appointment of both Peter Holmes and Steven Belohlawek is strategically important to the Company's growth in the next stage of its development. They both bring a fine-tuned skill set to SolGold that complements the forward-thinking dynamic and country changing projects that the Company will develop.We are committed to developing the strength of the SolGold team as we enter the next stage of the Company's lifecycle. SolGold's PFS programme continues with a September 30, 2020 objective. With the conditional royalty funding from Franco-Nevada, and the recently completed equity raising of US$40 million, the Company is fully funded for the next 18 months.s act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.ENDMSCFAMATMTJTMJM(END) Dow Jones NewswiresJune 25, 2020 02:00 ET (06:00 GMT)

[arcadian] 24/6/2020 14:09

A month is a long time in exploratory mining and a world reeling from Covid 19 and with only a month of silence it would be foolish to decamp, hoping for a better buying opportunity.

e.g. BHP have put their coal mines up for sale presumably hoping to improve their green image. The proceeds could be £1.5 billion and conceivably be orientated to copper and gold.

Fortunately we are not the arbiters of this and must await the outcomes. In the Trump deal vocabulary however is the word "leverage " which is where one party has something the other wants. My money is clearly with Nick who has what many big players want.

[lowtrawler] 24/6/2020 13:43

Rp, I think it's a little early for a breakout. I believe we'll need news on exploration activity or finalisation of the FNV deal. Maybe about a month away?

[rougepierre] 24/6/2020 13:21

I can't give you a cogent reason or logic, but I have a feeling this is about to break out...

[lowtrawler] 24/6/2020 12:11

I'm fully invested and will hold long-term. I have no intention to buy or sell given my current knowledge on the share. Indeed, despite me focusing on the negatives, I have continued to say it is good value.

[rougepierre] 24/6/2020 12:07

So... "if after all the worst things happen there is still value, you know you are on a winner...."

Why do you postulate on the negatives...maybe because you want to get back in cheaper?

[mknight] 24/6/2020 12:05

Can only think of 2 reasons why we are at this price .

1.cornerstone are selling .

2. The market feels that the Franco deal will not go through.. with Gold still going higher i think its more likely Franco will want to up the 150m to 250m but thats just my opinión.

[lowtrawler] 24/6/2020 11:50

Arcadian

It is your perogative to let Nick handle the BHP / Newcrest relationship and not worry about how that is going. As none of us really know what is happening with the relationship, there may indeed be no risk there. However, the relationship concerns with Newcrest are currently impacting the market value of SOLG. You could see this in the response of industry articles to the FNV funding and recent placing, and the subsequent share price response, which should otherwise have been overwhelmingly positive.

When investing, I always try to take a pessimistic perspective and if I still find value, I invest. As per each of my posts, hopefully you can see that I still find value and so am invested. You are correct to pull me up on my use of the word ONLY. There is no only about making new metal discoveries or being subject to a takeover.

RP, I postulate on negatives because if after all the worst things happen there is still value, you know you are on a winner.

[rougepierre] 24/6/2020 11:27

Aye lowtrawler...

Ironic that you are concerned about risk when:

A Like me you expect at least one bid sooner or later (which must inflate the share price substantially, whatever level it is pitched at and will draw in punters to drive the price higher in contemplation of a countered...)

B "it is unlikely that Alpala would return much more than 150p to current shareholders" but even on that basis you value it at up to cash 150p in total (which frankly is a wet finger guess, but I'm not going to disagree...)

Your 'guess' is, by definition based on current copper and gold prices, but all the most credible commentators expect a copper price boom starting no later than 2022; and even Goldman are projecting a gold price of minimum $2,000 and they are at the low end, while gold has already marched to within 7% of an all time intraday high and 6% of a closing high...

Or even later this year for copper...



So why postulate on negatives...?