Solgold Share Discussion Threads

[smoothtrader] 20/10/2016 16:05

I'd take 5% increase per day.

[onedayrodders] 20/10/2016 15:57

a few big chunky buys today... one example just gone through

15:21:11 - 21.5 200,000 43,000

and a fair few 100k buys earlier

[onedayrodders] 20/10/2016 15:46

V impressive share price performance

[lefrene] 19/10/2016 15:52

smoothtrader, no it's South America :¬D

Looks like this will trade sideways for some time around these levels until more news turns up.

[cool hand kev] 19/10/2016 15:49

What like Churchill Mining

[smoothtrader] 19/10/2016 15:26

Lol..Let's hope they not knick it...and sell it on the black market.

[lefrene] 19/10/2016 13:14

Noccer, not only will the government get direct revenue from mining but there will be the spin off of large numbers of jobs and the effect of that cash washing through the economy at large, the mines become the engine of economic expansion. Obvious stuff, but evidently not obvious to the last bunch in power.

Presumably NM wants to prove up this prospect as fast as anyone, so I guess by now that they know where the best chances are of uncovering good grades closer to the surface. Lets hope the rest of the mining mafia are hanging out in the jungle waiting to pounce if something very good turns up :¬D

[noccer] 19/10/2016 09:23

Whats happening with Fruta del Norte mine will probably encourage majors, Lundin got the impact assessment passed a couple of days ago, but go back 4 years and Kinross backed out due to windfall taxes and local opposition. Ecuador has got a lot more mining friendly since then, maybe because Fruta del Norte showed that if you got too greedy you got nothing. The falling oil price has also impacted government revenues so I think they want to get some revenue from the minerals.

Drilling 2km holes looking for more ore is slow and expensive, so I hope this means that the indications are good that the ore body is suitable for block-caving - otherwise its a pointless activity to define a huge resource that no one can mine. Of course they could find some magical grades down there - who knows - maybe hit a rich seam of gold comparable with Fruta del Norte (about 10 g/t) and redefine the whole project.

[wisteria2] 19/10/2016 07:55

Maybe the want to identify to what depth Alpala goes to meet the criteria for jorc or equivalent resourse update.
Alpala could then be hived off while solg get on with exploration in the other target areas! just a thought ....GLA HOLDERS looking forward to a much higher share price

[smoothtrader] 18/10/2016 17:13

Noccer. ..I was think on the same line. Don't think theyre hiding something....it's worth asking the question to the CEO.Glad u spotted it too.

[noccer] 18/10/2016 16:59

This part in the RNS looks to contain an editing mistake as it has a "This" and its far from clear what it refers to. It also has "At Alpala" in almost every sentence, which is a bit redundant. Looks a bit rushed to me.

"SolGold’s planned resource statement at Alpala (the most advanced target at Cascabel) has been delayed by the discovery of high grade mineralisation in Holes 15R2, 16 and 17 at Alpala, extending the immediate resource potential. The Alpala deposit is open at depth and in the upper extensions, as well as to the north, north-east, south-east and south-west.
This will initially be achieved from intersections targeted in holes 018, 019, 020 which have commenced at Alpala and are targeting lower
extensions of the Alpala deposit in the bornite bearing wide centre sections."

Not clear to me when the resource statement is expected. I thought it was near-surface intersections in hole 17 that caused the delay and here they are going after the deeper part. Maybe Newcrest are of the opinion that the depth is not too much of an issue if the grade is good enough, and with the higher grades being deeper the resource could grow quite a bit if it continues downwards. Newcrest do know about the block-caving approach to mining deep resource, though I have just read that Rio Tinto and BHP have a project in Arizona where the ore body is between 1500m and 2150m deep, so its not so rare.

[cool hand kev] 18/10/2016 15:29

Yeah and only four years to go unlike 12

[mam fach] 18/10/2016 15:19

Bb quiet considering this has come up from 2p. Rampers leaving us be unlike last time price soared. This time fundementals are better. Perhaps investors think they have missed the boat. Gut feeling is bottom price is 20p

[lefrene] 18/10/2016 13:43

I suppose a potential buyer will want irrefutable proof of the size and quality of the resource, and then a feasibility study. Although Newcrest having dug deep into their pockets must be well convinced already, it's perhaps a case of just how much more there is to be discovered. Finding high value ore close to the surface would be very handy, and might prompt an early bid? It would be great to see some big hitter mining company's slug it out to own it :¬)

[smoothtrader] 18/10/2016 13:30

I very much doubt it...Solg gold will be still drilling in the next two years. They'll be taken out by a major for sure.

[chesty1] 18/10/2016 13:24

Strange that market is selling into this news.

[lefrene] 18/10/2016 13:23

With a time scale of two to four years it looks like the hot money is going to head elsewhere?

[lefrene] 18/10/2016 13:10

NM certainly has his ducks in a row.

[smoothtrader] 18/10/2016 12:57

Well done board. Serious statement of Agressive drill program..at an half a cost.

[franki8] 18/10/2016 12:51

rns out btw

[smoothtrader] 18/10/2016 11:48

Less Trolls the better. I've been on boards where peeps just slag each other off. Shoot down anyone with any negative sentiments.

[onedayrodders] 18/10/2016 11:06

v true Lefene

[lefrene] 18/10/2016 10:34

Perhaps the employers of the usual yah-boo nay sayers are now happy with the positions they have accumulated Rodders? All they have to do now is wait for the value of the resource to be established and recognised.