Solgold Share Discussion Threads

[lowtrawler] 21/8/2020 12:42

Lol, its difficult to get over the de minimis value for Alpala. In principle, Alpala could be worth over 200p by itself but once you deduct 3rd party interests and account for all the risks, I have a minimum valuation of 40p. Never guaranteed but in the world of stock market investments, as close to it as I've seen.

[plentymorefish] 21/8/2020 12:32

'nearly guaranteed'......that could start a whole new marketing trend!.....

[lowtrawler] 21/8/2020 12:22

At the moment we're a bit like premium bonds but better. You enter the draw for 27p but expecting to get back a nearly guaranteed 40p. If any of our prospects are proven, you get back 120p and possibly more. The extra risks you are taking here are more than made up for by the better returns.

[lowtrawler] 21/8/2020 11:43

In my view, Alpala provides a secure base price to SOLG of around 40p once all risks are taken into consideration. Thus, the other prospects are thrown in for free. As the exploration results filter through, a value will be applied to the other sites and SOLG will re-rate to 40p plus the value applied to the other sites. I believe this will happen over the next 3 months.

[lowtrawler] 21/8/2020 11:36

LF, we only have drill permits for Porvenir, Blanca and la Hueca. Hence, these are the only ones worth discussing at the moment.

[rougepierre] 21/8/2020 11:09

A good two way market...

26.74/27.06 in NMS, but I'm bid 26.12 for 200k...

[jarega85] 21/8/2020 10:59

My eyes deceive me! Are we above 27p!??

[lefrene] 21/8/2020 10:55

With 13 promising sites, one hopes that several are now being worked on. No doubt NM is as anxious to see positive results as we are, anything that will indicate substantial buried metals will do, and before BHP comes out of purdah. Perhaps Mr Buffet is going to buy more miners soon? :¬)

[lowtrawler] 21/8/2020 10:50

The next exploration update won't be far away. Will be nice to get some early indications on Porvenir. My guess is that if Porvenir has a promising set of initial results, we will have a small step up in the price. Possibly as much as 5p. If Porvenir continues to look good, by the end of November, it might start to be considered our 2nd tier 1 and the fun will begin.

[lowtrawler] 21/8/2020 10:36

Rp, Blanca was always suggested as a site which could be up and running quicker than Alpala and potentially fund everything due to its easily accessible gold deposits. Since those days, it's all gone quiet but nobody has ever explained why.

[rougepierre] 21/8/2020 10:27

Nick suggested that Porvenir was the next best one to drill because it has outcrops...

That's the one I'm hanging on...and can't be long before Blanca indications...

[lowtrawler] 21/8/2020 09:32

Porvenir is probably our best prospect currently being drilled, based on comments from Nick. I've posted before that it's more than twice as big as Alpala and has better rock-saw samples than Alpala. If drilling continues this trend, it may dwarf Alpala. This is the one I'm holding my breath for.Only Rio Amarillo seems to get Nick more excited than Porvenir but we don't yet have the drilling license.

[lowtrawler] 21/8/2020 09:23

Count, we can certainly dream and at least SOLG have prospects to deliver more than Alpala. If we do have a 2nd tier 1, I believe successful bids will need to be over 120 and with the likely competitive interest, who knows how high it could go.

[the count of monte_cristo] 21/8/2020 09:09

Lowtrawler, yep, all about finding a second tier 1 asset.

[gersemi] 21/8/2020 08:52

Yes, cheers Lowtrawler and thanks all for the info

I suppose it's now sit back and await further corporate developments as they unfold towards some point of monetisation or value extraction

[lowtrawler] 21/8/2020 08:49

Count, almost everyone expects SOLG to be subject to a bid. With only Alpala, it is not clear anyone would bid enough to be successful as Nick and BHP control 1 in 3 shares, they would likely not be interested in accepting anything below 100p which starts to be a risky prospect for any buyer.A 2nd find will change the landscape making it near certain there will be a successful bid. However, we don't yet know if there will be a 2nd find.

[the count of monte_cristo] 21/8/2020 08:27

gersemi, its probably the largest find in the last decade, maybe bigger than Oyu Tolgui, the massive copper-gold mine in Mongolia. Look at those drilling grades, matching the very best of the best, such as the absolutely huge Grasberg mine. These mines are so large they make up a huge percentage of these countries revenues. I simply cannot see SOLG taking Alpala into production, a major will take it out.

en.wikipedia.org/wiki/Oyu_Tolgoi_mine

[lowtrawler] 21/8/2020 07:29

Welcome on board gersemi. Alpala currently underpins the market cap of SOLG. It alone is worth more. We have some of the most exciting prospects in the world.

[gersemi] 21/8/2020 06:05

I didn't realise Alpala was so large (in terms of revenues, profits) when I bought in here and started digging further.


'The PEA for Alpala shows most of its return in the first ten years of production, with the rest of its 56-year life not nearly as profitable (unless copper rises). But its outlay of $2.4bn in the first five years from construction start will have been fully recouped after year eight, and by year 15 will have clocked up a net cash profit (after taxes and royalties) totalling about $8bn. The rich rock core as presently known will be depleted after that, so profits will decline, but will still clock up a $16bn total by year 37. That’s half a lifetime, so much will have changed in the meantime. In fact, we’re probably looking at much higher copper prices and therefore much higher profits. It is that long life and scope to grow the resource and its value that ought to attract someone to help Solgold develop it.'

[lowtrawler] 20/8/2020 17:36

Something is happening. Can't even speculate as to what. The unusual trading action today is so rare, I have never seen anything like it before. Will be fascinated when we get the big reveal.

[mknight] 20/8/2020 17:20

They would not let it go past 26.50 today ... a few reloads to stop it moving .

Nearly 300k at 26.50

Very strange

[rougepierre] 20/8/2020 17:14

what a bizarre day...

Couldn't buy a share for almost an hour...bid for up to 300k...then they went into auction and after all that it was just a few 14k deals...

My suspicion is that there is indeed a big order being filled and we may get more of this tomorrow...

AIMHO as usual..

[lefrene] 20/8/2020 15:10

It simply boils down to the huge resources that Solg controls, they're too big to ignore, thus we can't have a little snot like Solg sitting on them. they rightfully belong to heavy hitters like Barrick, laying down their $1200 limit for gold!!

Somebody will try to buy this on the cheap, no dirty trick will go unused.

[lowtrawler] 20/8/2020 14:54

Looking at the published trades, there aren't a lot of sells either.