Solgold Share Discussion Threads

[pob69] 30/9/2020 14:17

Sorry - copyright prevent it. That's why I offer a precis of things which interest me rather than full articles. It's only fair to the authors/publishers.

Also I like to see others share with the heavy lifting when it comes to offering research!

[mirabeau] 30/9/2020 14:17

cheers fella

[mknight] 30/9/2020 14:16

Level 2 update

29k at 26.30 v 36k at 26.40
10k at 26.50
1 k at 26.75
5k at 26.80
25k at 26.85
90k at 27

[goldrush] 30/9/2020 14:15

Thanks pob69 for the information and links.....most interesting.

[mirabeau] 30/9/2020 14:08

thanks Pob69 - you couldn't post the full article could you. I'm at limit at 5 views on that site

mknight

Any chance of a L2 update mate? No problem if you're busy

thanks

[pob69] 30/9/2020 13:58

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

Ecuador seeks to boost mining with 2020-30 plan

[pob69] 30/9/2020 13:56

SP Angel comment Solgold SOLG $SOLG $SOLG.L $CGP #cascabel #ecuador

Conclusion: Facing the unprecedented challenges of the global Covid19 outbreak it is unsurprising that completion schedules envisaged before the pandemic have proved difficult to achieve. We observe, however, that as described in the Preliminary Economic Assessment released in June 2019, the Alpala project has a mine life of over 50 years and that in our view the benefits of taking a little extra time to ensure a thorough understanding of the technical aspects of the project far outweighs a comparatively minor delay at this stage and that the financial implications of inadequate preparation for a major development on the scale envisaged at Alpala dwarf the costs of a short delay at the start of the project.

[...]

[mknight] 30/9/2020 13:33

Level 2

Nothing much to stop us reaching 27p today .If news is coming then should get there today .

[mknight] 30/9/2020 13:23

The big upside should come when Solgold can prove that they have many more tier1 sites . At the moment there seems no value in the share price for these .IF the first drills are as good or better than ALPALA then the value of the company could múltiple x 10 very quickly .

It remains my opinión and always has done that the share price will move on drilling results and not on the PFS. We dont want anybody bidding for the lot when there is nothing in the share price for the 72 sites .

Even more when most private investors would be happy for 60p today as indeed i would based on what we have at the moment . Throw in some súper drilling results and no one would think of accepting 60p .

The good news is we are going to get some information very soon .

[greenelf] 30/9/2020 12:35

Some think they know more than experts whose actual business and experience is mining. Laughable.

[trev1223] 30/9/2020 12:09

Seems to me that SOLG have a huge problem in deciding how to dispose of millions of tons of tailings and extracting water from the concentrate before loading onto ships.
Obviously not insurmountable but I don't think that the answers are there yet. However I have faith in SOLG's team, unlike some.

[lowtrawler] 30/9/2020 12:00

DD, gold represents a disproportionate share of the early revenues and so from an NPV perspective, the additional gold pricing will create an improvement even if the lifetime profitably is no different.The improved gold and copper recovery from MRE3 will also be reflected for a further NPV improvement.To be honest, both these factors should already be in the price and I'm not expecting surprises from the PFS leading to any fundamental shift in valuation.

[dozyduck] 30/9/2020 11:45

Swan (are you a matchstick man by any chance ?) My argument takes in al the factors. I'm not moving it - just pointing out the different strands

[dozyduck] 30/9/2020 11:43

Just a little snippet ! At current copper price (10% lower than at PEA) and gold price (39% higher tha at PEA) the Cascabel lifetime revenue and lifetime profit is almost exactly the same as at PEA. (All undiscounted of course) So that in itself (if current prices are genuinely used) won't improve the NPV.

[swanvesta] 30/9/2020 11:27

DD, you're moving your argument. We were talking about the royalty. Selling Alpala is not off the table, and it isn't undermined by the value and negotiating position achieved for SOLG shareholders via FNV. Rather the opposite. So apparently it 'upset' one or two big shareholders, but according to Ingo this is mostly just gossip on bulletin boards.

[greenelf] 30/9/2020 10:33

Armchair experts lol

[greenelf] 30/9/2020 10:31

You were not just saying. Full blown attack on NM. Ridiculous.

[dozyduck] 30/9/2020 10:26

I'm merely saying its a question of time. Selling off Alpala now would help accelerate proving up the other prospects, which could otherwise take 2-3 years during when there would be more dilution. That way the share price and NM might find himself in a much better position to fulfil his ambition and take the 2nd or third to production himself. Alpala could be a sacrificial lamb to improve and accelerate Solg's overall performance over time.
In any case NM's tactics are upsetting some major shareholders who, with only a few others, could force some resolution via the threatened EGM. To have got himself into that situation doesn't exactly inspire confidence in his astuteness.

[swanvesta] 30/9/2020 10:12

DD, I agree with others that NM is not that daft. Even naive PIs in the resources space know that value is built incrementally. Capital can be raised at increasingly lower discounts as projects progress - the same goes for royalty deals. No reason to assume today's terms will apply tomorrow.

[mknight] 30/9/2020 09:59

Yes it will indicate whats to come .

[lowtrawler] 30/9/2020 09:51

Mk, only La Hueca is likely to have actual drill results yet. The earliest I could see results from Porvenir being available is next month. We might get the pretty photos and commentary. Anything we receive before PFS will be preliminary and only point to possibilities.

[mknight] 30/9/2020 09:29

Now after advising that the PFS is a bit behind we will get the first drilling results which could change the future of Solgold .

[lefrene] 30/9/2020 09:25

A good point succinctly expressed swanvesta.

In the meantime nothings changed, the day late dollar short PFS goes on, and eventually will appear. There should be some drill news coming down the line, and BHP gets out of purdah in two weeks. Even gold seems to have bottomed out.

[greenelf] 30/9/2020 09:21

Shows, a little knowledge can be dangerous sometimes. There is a bigger game at stake here. Ingo is well qualified plus they will have oodles of advisors. Making it all out as naive will not wash. Quit the NM bashing even if it is fashionable.

[greenelf] 30/9/2020 09:18

Wait and see. Cart before the horse currently.