Solgold Share Discussion Threads

[mknight] 16/7/2020 13:58

Upside massive ..

[arcadian] 16/7/2020 10:15

Thanks Pob. That was excellent and well expressed.

[pob69] 16/7/2020 10:06

Comprehensive interview from German source with Nick Mather SOLG $SOLG $SOLG.L $CGP #cascabel #ecuador


"...SolGold also counts some of the largest institutional investors like Franklin Templeton, Blackrock, Ninety One, JP Morgan Asset Management and Pictet & Cie among its shareholders."

"..The market capitalisation of SolGold is well underneath the value of Alpala alone without considering the value of the 13 other projects. There is of course continual speculation that the company may receive takeover offers. It would need to be very hefty to receive my recommendation."

"..Clearly the world’s major mining houses are interested in SolGold because Alpala, because it is large, low cost, long-life and expandable, and because they have publicly stated, that they are expanding their copper mining businesses."

"...In 5 years’ time, SolGold is aiming to be in production at Alpala and working on Feasibility studies and exploration programmes on its 13 other projects. It’s too early to speculate on what we may be valued at or capitalised at, but the upside is massive. We’re building a major gold and copper mining company and it’s going to produce nearly as much value in copper as it does gold - that is exciting."

[lowtrawler] 16/7/2020 10:05

In reality, I don't expect CGP to find a rich benefactor and so they will be forced to raise the $400m dollars through equity. This would need to be on something like a 10:1 basis and so existing shareholders would either have to stump up their share of the $400m or be diluted by over 90%.

Other than the bad blood we know exists, there is no reason to consider this anything other than a generous offer.

Would BHP or Newcrest improve it? Only if they made a bid for SOLG and needed support from CGP to be successful. Then they may make an improved offer to CGP. Other than that narrow possibility, it is unlikely CGP will be able to obtain better terms.

[lefrene] 16/7/2020 10:02

LT, it might end up with the head honcho of CGP looking for a new job? I hope NM has a cooler head.

[lowtrawler] 16/7/2020 09:43

The terms of the CGP deal give them approximately 15% ownership of SOLG rather than just 15% ownership of ENSA. They will argue that they already own 7.58% of SOLG but, as I explained yesterday, they are having roughly USD 50m debt to SOLG written-off if they take the deal, the value of their current holding in SOLG is around GBP 35m and so this more than compensates.

It is almost certain CGP would need to sell their SOLG shares in order to fund the post feasibility build costs and so, at best, they would end up owning 15% of ENSA rather than 15% of SOLG. They will only have this is they can find a rich benefactor willing to give them over USD 400m without security.

In my view, this is a highly generous offer and the CGP Board are conducting a personal crusade against the offer which could leave their shareholders significantly worse-off.

[pob69] 16/7/2020 08:40

Thanks and edited.

[jwafc] 16/7/2020 08:38

Hi pob, just a little tip, if you post links as hTTps rather than hxxps they'll be rendered as hyperlinks. Keep up the good work, cheers.

[pob69] 16/7/2020 08:35

Here is the video from yesterday SOLG $SOLG $SOLG.L $CGP #cascabel #ecuador

"...destabilizing to the point that govts may well question what on earth is going on"

I wanted to check Nick Mather's response to Q "have you received any informal takover approaches from BHP"

He states "I cannot comment on anything that we may or may not have received from any third party that asn't something that was necessary to be announced"

[arcadian] 16/7/2020 08:19

To buy or not to buy? That is the question.

OT While waiting for the show to begin I confess that I added shares in one of the stage managers Loopup who are doing well apparently facilitating the dialogues of others.

[arcadian] 16/7/2020 08:17

Theatres are still closed. I disagree. There is drama to be found in front of an excited audience and the show could well go on tour.

[p winky] 16/7/2020 07:58

Patience here will be incredibly rewarding!

[nas_daq] 16/7/2020 07:21

Lol.....well up ....poor mkrampynight as deluded as everPrice is the same as it was last October and well down on 12 months ago when he started ramping having bought at 31p.Also well down on his buys at 26.8 at the end of May, no wonder he is so deluded, keep up the great work mkrampynight......

[johncasey] 15/7/2020 21:59

anyone in cadence minerals? some huge buys late on and one of their investments macarthur minerals posted massive news today..that one could re rate now..i think cadence kdnc could rocket tomoro..it did 400 percent in a day last year but mysteriously fell back to well below where it rocketed from..now its at the same level where it did the 4 bagger..just watch the buys tomoro,if it moves id pile in..i am

[lowtrawler] 15/7/2020 21:08

MkThat's only 1 of many possible outcomes and we have no reason to believe it's heading in that direction. The only outcome that seems clear to me is CGP end up failing to deliver additional value to their shareholders while creating options for BHP / Newcrest.

[arcadian] 15/7/2020 20:51

Future funding of development, diluted share of ENSA etc are side shows.

What is afoot is existential and we are adrift on a sea of ambition opportunism and revenge.

The next two months NM will earn his salary as his leadership of Solg and his reputation and position in Ecuador are challenged.

I for one wish him well. It will be exciting to say the least.

I wanted news of funding but now may be a better time to buy. as some sort of deal looks likely.

[mknight] 15/7/2020 20:43

Well up today as i said yesterday 21.2p was just too cheap .

The good news is that tomorrow we will be up by more than today imho .

Those in the know will understand that the way things are moving solgold may just do a deal with BHP and stuff Cornestone as their 15% will be taken out for 3.5 million .

Cornerstone may get nothing if NM decides to invest monies recieved by BHP on drilling up the other 70 odd sites .

So Solgold will have a billion or so dollars after the sale of Alpala to BHP .

[lowtrawler] 15/7/2020 17:28

Remember, the SOLG offer effectively includes a hidden 50m by excusing CGP from their pre feasibility costs debt.

[lefrene] 15/7/2020 17:25

I would think that it's in the interests of big holders to keep CGP where it is, because the fruit will fall into their lap when CGP can't pay their share, and get bought for £3.5 million. Solg's offer was a generous one, I suppose the game will be judged by watching the share price of CGP, how long before the holdouts wished they had taken what was offered?

[mam fach] 15/7/2020 17:23

Had gut feeling someone was after NM.
Personally i'm supporting him 100% .
Share price should start shifting tomorrow.
GLA

[lowtrawler] 15/7/2020 17:19

CGP have brought a kitchen knife to a gun fight. The big players might use them as a decoy for their own agenda but, at the end of the day, CGP have to sell themselves to someone.I'm with NM, they can't fund their share of development costs and so will end up losing their 15% stake in Cascabel. Only the 85% owner of ENSA will be interested in buying CGP and the offer SOLG have made is generous. They clearly hope to provoke a bid for SOLG and for the bidder to give them a better deal. Even if a successful bidder appears, they may not give CGP better terms.The actions of CGP are those of a petulant child with a vendetta. They are kicking and screaming but very unlikely to get what they want. They don't care so long as their enemy is worse of than before.