Solgold Share Discussion Threads

[arcadian] 23/7/2020 10:14

So am I right in thinking that whoever buys the government stake becomes a partner with Cornerstone even though the latter have few funds to do any exploration. Cornerstone could even be bought by whoever takes the government stake. This will surely alter the usefulness of the sale price as a value guide for Solg but as the date of the sale does not seem to have been fixed it may be at a time when Solg and maybe Cornerstone are long gone.



Cornerstone Capital Resources Inc. said March 6 that its joint venture partner, Ecuador's state mining company Enami EP, obtained a number of mineral concessions in the Imbabura and Carchi provinces of the country for exploration.

Ecuador's Ministry of Mining granted on March 3 eight new concessions, comprising more than 37,182 hectares. Additional titles in northwest Ecuador are also expected to be granted in the coming weeks.

The concessions are subject to the standard rules under the Ecuadorian Mining Law.

Cornerstone unit Cornerstone Ecuador SA signed a definitive agreement with Enami in June 2016 to jointly prospect and explore for mineral deposits in Ecuador.

[goldrush] 23/7/2020 09:35

mk

I disagree with your view that it was biased and because he had been paid expenses by CGP previously.

A 22% premium is distinctly miserly to get the deal with CGP done....40% then you have a chance....

At the end of the day it decidedly looks as though this will all go hostile....hopefully we will all get a lot more than the 40p you have been mentioning....

[plentymorefish] 23/7/2020 09:20

Where's ntbb these days.....I miss his 50 posts a day....don't tell me he bailed just as things start to get going here?!.....

[lefrene] 23/7/2020 09:19

At least gold is going up even if probably the biggest copper/gold find on the planet isn't.

[boris cobaka] 23/7/2020 09:16

Metals prices are adding an extra dimension and ups the ante

[pob69] 23/7/2020 08:06

This article is has strategic relevence for mining in Ecuador and references SOLG $SOLG $SOLG.L $CGP #cascabel #ecuador.

Ecuador will look to auction its 51% interest in the Llurimagua copper-molybdenum project once state mineral company Enami has completed formation of a joint venture company with its partner, Chile’s state copper company Codelco, in coming months.

[pob69] 23/7/2020 07:59

Nick Mather responds via Peter Kerr via the ever interesting AFR (behind paywall) SOLG $SOLG $SOLG.L $CGP #cascabel #ecuador.

''Taking their mining guy off our board is a sort of dog in the manger act by Newcrest,'' said Mr Mather, in a reference to a greek fable about spitefully denying things to those who need them.

[pob69] 23/7/2020 07:59

Agreed goldrush - Reading that other well-known board, they suggest that interview was completely biased. I don't beleive they listened to it and have let their own biases get in the way. It was informed and well considered. He is a long time holder in Solgold (not currently as he beleives there is more upside in Cornerstone) but does have the company as a buy in his newsletter!

[plentymorefish] 23/7/2020 07:58

Thanks pob, great find and interview....

[mknight] 23/7/2020 07:56

Goldrush

He was wrong .. his example of lowball offer was silly . If the price Solgold were offering was in currency then yes agreed but its not its in shares and yes solgold and cornerstone maybe be both undervalued but i repeat the offer was in undervalued solgold Shares which will go up at some point ...

[goldrush] 23/7/2020 07:50

Thanks pob

This interview sums things up very well.

[mknight] 23/7/2020 07:46

Good morning

Chris temple admits he has been paid
By Cornerstone which says it all really .

Back to more free money .. how much can the seller lose today in an attempt to keep the share price low so that when the offer comes in it will look good .

I dont think holders are that stupid as they know within 3 months an offer over 40p will be made for Solgold .

I am not talking pounds i am talking 40p which now probably undervalues Solgold by a good bit .

At 23.65 p its a steal ..

[pob69] 22/7/2020 22:17

Well worth listending to long term follower Chris Temple SOLG $SOLG $SOLG.L #cascabel #ecuador

"Sympathies lie with Cornerstone" and outlines the reasons why.

[mknight] 22/7/2020 20:23

Not at the moment .😃👍

Looking at the Championship last day as well and have an eye on the Gold Price 1867 . Cooking dinner for the kids and watching a film while juggling 7 plates .

To be fair only doing the juggling because its half time in the football .

Silver up 7% gold 1871 copper 292.5

[lurker5] 22/7/2020 19:52

Does McKn have anything else to do ?

[mknight] 22/7/2020 19:45

More free money tomorrow .

There giving away min 40p for 23.65 .

Some still dont get it ..

The offer will not last much longer .

[rougepierre] 22/7/2020 16:43

UT at 23.65p...Second biggest volume since June 9....

[rougepierre] 22/7/2020 16:27

I was bid 22.95 for 700,000 5 minutes ago...

[mknight] 22/7/2020 15:30

Without the seller we would be way north of 25p imo

37k at 23.65 then nothing until 23.90

24p should be with us soon .

[lowtrawler] 22/7/2020 15:28

I ho, I ho it's a rising share price don't you know.....

[mknight] 22/7/2020 15:20

Lowtrawler

They want to spend as little as possible .

Would you want to sell at 23p knowing that you would lose 17 to 27p a share . Its the bigger game they are playing .i.ho

[celeritas] 22/7/2020 15:02

Annual Metal Production
Commodity Average for first 10
years
Average for first 25
years
Average for Life of
Mine
Copper 253,000t 207,000t 150,000t
Gold 707,000 oz 438,000 oz 245,000 oz
Silver 1.8 Moz 1.4 Moz 913,000 oz

[lowtrawler] 22/7/2020 15:02

Whoever these "titans" are, they don't have very deep pockets. Yesterday's excess volume was only £0.5m and we are heading towards a similar figure today.

[mknight] 22/7/2020 14:49

Arcadian

Anything is possible now. Seemed to me like one desperate to keep it down and the other not wanting the Sp to run away and accumalating everything possible around 23p .