Solgold Share Discussion Threads

[mknight] 30/7/2020 12:37

Celeritas

I look at the trades and see approx 200k more sells than buys and think 4% down is bonkers . Evenmore when many days we were over a million up with no change oer even down a bit .

The reason its gone down today imho is we have a 120k seller that has gone from 25.50 and now 24.90 and the mm,s wont let anyone get to him as they drop below his ask price everytime he moves it down .

Just to add the 120k might be mm,s

The takeover will be around 70p imho and will happen soon .

Quite funny really .

[celeritas] 30/7/2020 12:33

RTS, read this.

[celeritas] 30/7/2020 12:32

Yep Lef, it's like a game of poker, who's going to show their hand first. If I was a CEO of a major this would be at the top of my list. Majors aren't interested in petty little mines they want huge projects of scale, mines that run for decades or as you say for solgolds assets into the next century.

[lefrene] 30/7/2020 12:28

I agree Celeritas, the resource is so huge with such favourable infrastructure around Cascabel that it will be on the wish list of just about all well funded miners. Assets sunk into the area will keep paying out for a century and more. In the meantime the price gets toyed with until the players start laying their money on the table.

[celeritas] 30/7/2020 12:21

mknight, I just dribble in on most pull backs, just keep the bigger picture in mind. To a major Alpala or Solg is a huge prize, any from a number of them would love to own it. Bring on the bidding war because at the moment it's cheap to the likes of bhp with a mkt cap of £84billion. Rio, Vale, Glen, Anglo or Newmont I'm sure would love a piece.

[riotinted_specs] 30/7/2020 12:21

I'm a new investor and am trying to understand a bit more about the 92 Moz at Alpala. I would greatly appreciate any kind of brief. This seems like a company making discovery with silver being the strongest commodity rise in 2020 with no end in sight. Are we selling it? Are we mining it? Are we JVing it? Thanks

[mknight] 30/7/2020 11:47

Just put 50k on at 24.20 . Doubt i will get them but you never know .

Cheap as chips .

[boris cobaka] 30/7/2020 11:28

"re-rate every week'

Much more likely we'll see two steps forward, one step back as nowt goes up in a straight line. It's quite possible gold may have out in a short term top and the dollar put in a temporary low. If the latter rallies and profit taking starts in the pm's we're likely to se 23p again imo.

[rougepierre] 30/7/2020 09:51

Thanks disruptor but I've had him filtered for weeks...he's just a sad old man...

[pob69] 30/7/2020 08:47

60 minute Redcloud video covering "Covid impacted world" which makes references to Solgold as per the broker notes SOLG $SOLG $SOLG.L $CGP #cascabel #ecuador.

Base metal top picks at 11min - "...something exciting by year end"

Lots of commentary on the gold and copper markets (plus the likes of Nickel and Uranium if that floats your boat)

[disruptor1664] 30/7/2020 07:58

How is it copying from other sites? RP clearly stated it was his post from LSE.Why should we listen to a moron that cannot even read? It was at the introduction of the post, so your attention span gave up quite quickly.Yawn.

[nas_daq] 30/7/2020 07:20

Excellent ramping, even copying ramping from other sites.......brilliant

Office tea lady is always a good one for bullish gossip, no wonder 90 percent of PIs lose cash........

Makes mkrampy look like the amateur he actually is...........

See he is still down on his buys pre placing.........

6 months ago the the ramping rhetoric was the 60p options expiring this summer, now the share price is nowhere near the option price the rampers have moved on to bhp lock in expiring, when that date passes I wonder what will be next.......I cannot wait to hear the fantasy tales mkrampy will come up with.......

[rougepierre] 29/7/2020 18:56

Totally agree charlieee...meanwhile, my post from LSE...

Enjoy...

The gap to 30 September and the PFS is now down to just over 60 days...

And less than 80 days until BHP's handcuffs are off...

The takeover drums are going to rumble if we don't hear something soon, but...

GOOD NEWS IS ON THE WAY...

I emailed Nick/Eliza about toning down the CGP/NCM rhetoric and in her very helpful reply she said the following:

"our team is busily progressing both the Alpala project and our extensive regional programme, where there is so much upside to come! "

[charlieeee] 29/7/2020 18:34

Things change.

Perhaps, in the "old" order, copper and gold are high/low on opposing cycles, but it has to be considered that the chaos we are now facing favors gold and that the phoenix rising from the ashes will be new technology, for the sustainable future ahead, with a heavy copper requirement.

It seems perfectly possible to me that both gold and copper could be in high demand together for some time to come (and certainly through this Autumn, when, IMO, this will taken out by either one of our two resident majors or perhaps a JV).

[mknight] 29/7/2020 18:25

Thats why its great to have both .normally copper follows Gold 3 months later .

Depends on the Coronavirus .

[mknight] 29/7/2020 17:24

Good day today .

Those that wanted to take profit have done so . 60 days left to PFS .

news anytime on drilling

Franco

Takeover offer

Rio Amarillo and permit news .

Dont expect news tomorrow but do expect us to continue to rerate each week .

[lowtrawler] 29/7/2020 16:43

Thanks pob. I read about the protected forests and disputed mining rights a few months ago. It all seems to be part of the central government v local groups battle that constantly seems to crop up in Ecuador. The law appears to be on the side of Central government and the miners but local press and pressure groups are unwilling to accept it. I'm sure it leads to delays in drilling permits and court hearings which makes Ecuador a difficult place to operate.

[pob69] 29/7/2020 15:37

There's some increased "commentary" about (especially twitter and other BBs) about Cornerstone and ENAMI's activities concerning protected forest of Los Cedros, much of it motivated by the current corporate chess-match and the emotions behind the scenes so if you are interested, this is worth a read...

[lowtrawler] 29/7/2020 15:26

Good summary DD but also worthwhile saying that the first changes any bidder will make when looking at valuation is to insert their own discount rate and their own view of commodity prices.A lot of the expected improvement in the PFS DCF is expected to come from SOLG applying a lower discount rate. That's meaningless to any bidder.

[pob69] 29/7/2020 15:22

Here's a follow up to the above article with a direct quote from Solgold relating to Hanrine's Ecuador Manager so it looks as though Gina Rinehart's Hanrine are not a likely consolidation partner, as sometimes touted SOLG $SOLG $SOLG.L $CGP #cascabel #ecuador.

"....Rival miner SolGold Ecuador, which counts BHP and Newcrest on its share registry, was quick to point out Miguel “has never been linked or maintains any relationship” with the company."

[dozyduck] 29/7/2020 15:13

MkN The original PEA NPV derived mostly from copper - then at $7,268/tonne accounting for 78% of total mine life revenue. Its now $6,540 and with gold at $1,850 copper still accounts for 73% of total revenue - which is now 14% higher than in the PEA. But as I said before, most of the gold occurs in the first ten years, so its boost to the NPV will be greater than its apparent boost to revenue. That's without taking account of the enhancement to resource subsequently. To maximise his argument, NM should, of course, assume todays gold and copper prices. But the NI43 rules for a BFS might not allow him to. But in the end its not the NPV that a buyer will look at. Its the cash flow profile over time, which can't be predicted from the NPV alone, and that tails off dramatically after year 15, so some might not count Alpala as a 'long life' mine. (Unless the rest of Cascabel comes up trumps of course)

[mknight] 29/7/2020 13:30

No i was talking about the up and coming Pfs with current gold silver and copper prices .

The Pea was 1300 for gold 3.30 for copper nothing for silver if memory seves me right . Also nothing for other metals .

Just gold is 50% more than PEA copper 12% less etx

Chap on Lse says we had some drilling at blanca that went to the lab in June .. 650 G/T could they be ours ?

Could be your drilling news lowtrawler and insiders from a bar .

[lowtrawler] 29/7/2020 13:26

Mk, we've not had a PFS yet, it's due end September. Take it you mean PEA? It's massively out of date with the various announcements made.