Solgold Share Discussion Threads

[lefrene] 02/5/2017 12:57

The beauty of Alpala is that it is so big and will last so long, that capital sunk into extraction equipment will get to have a very long useful life, lots of time to earn back the investment.

A bit of an odd situation, where a find is so large that the initial resource statement gets to be delayed and delayed as more resource is found.

[yufff] 02/5/2017 12:38

And at last the market is reacting favourably to the news

[onedayrodders] 02/5/2017 12:18

Another very positive RNS

:O)

[kyoquot] 28/4/2017 18:28

Ah well 1.69% down on the week so it is then.

A fine holiday weekend to all.

[chavitravi2] 27/4/2017 16:09

Sounds and looks very good. All will come to those that wait.

[onedayrodders] 27/4/2017 15:31

Nick Mather interview 10 mins in)

Segment 2-3: Chris Temple visits with Nick Mather, the C.E.O. of SolGold, plc (AIM-SOLG.) This company continues to expand a world class porphyry deposit in Ecuador that has had high-grade intercepts of both gold and copper and — in recent months– has attracted broadening interest by investors and mining “majors” alike.

[onedayrodders] 27/4/2017 14:35

Stay calm and watch it all play out in our favour


April 27 2017 - 9:23AM
The biggest copper producers are sounding the alarm on mounting supply troubles.

BHP Billiton lowered its estimates on Wednesday for full-year output by as much as 18 per cent. Freeport-McMoRan on Tuesday slashed its estimate for 2017 sales by 200 million pounds (90,718 tonnes), adding to what Citigroup described as "structural tailwinds" that support its outlook for higher prices. Teck Resources said output fell 22 per cent in the first quarter, while Rio Tinto Group last week pared its guidance for this year.

Citigroup analysts including David Wilson said prices should trade toward $US2.67 by the end of May, while the World ...
Citigroup analysts including David Wilson said prices should trade toward $US2.67 by the end of May, while the World Bank raised its 2017 price forecast to $US5750, from $US5400 in January.
Photo: Andrey Rudakov
"It's a fascinating market and I actually think it's a big story because the price hasn't reacted so strongly, all things considered," Dane Davis, an analyst at Barclays in New York, said in a telephone interview. "The big theme in the first quarter was supply disruption, and I think the key theme in the second quarter is going to be on demand - Chinese demand."

Copper has gained 3.2 per cent in London this year, compared with 16 per cent for aluminium, even after the six-week strike at BHP's Escondida mine, labour and weather interruptions in Peru and Indonesian government restrictions on shipments from Freeport's Grasberg site curtailed supply.

The metal gained as much as 0.6 per cent before settling 0.2 per cent higher at $US5715 a tonne ($US2.59 a pound) on the London Metal Exchange on Wednesday. Citigroup analysts including David Wilson said prices should trade toward $US2.67 by the end of May, while the World Bank raised its 2017 price forecast to $US5750, from $US5400 in January.

The supply of concentrates will continue to tighten through the rest of the year, as production growth from Peru slows, Citigroup analysts wrote this month. The fees miners pay processors to refine the metal have fallen this year, signalling limited availability of concentrates, the bank said. It estimates disruptions cut global output by 385,000 tonnes this year.

Warnings from Freeport compound supply concerns at a time when inventories of copper and aluminum tracked by the LME are already shrinking and global economic growth may pick up. The International Monetary Fund raised its forecast for global growth to 3.5 per cent this year, up 0.1 percentage point from January, the Washington-based fund said in its latest World Economic Outlook.

"It's been a difficult year," Freeport chief executive officer Richard Adkerson said on the earnings call this week, referring to issues the company faced that resulted in the suspension of exports from Grasberg in Indonesia.

BHP, which controls Escondida, the biggest copper mine, said full-year output from the site will be as much as 27 per cent lower than expected as a result of the strike. Escondida guidance was cut to between 780,000 tonnes and 800,000 tonnes from an earlier estimate of 1.07 million tonnes, the Melbourne-based producer said in a statement. Projects to construct a desalination plant and make improvements to a processing facility will be delayed, it said.

Producers paint an even more bullish longer-term picture.

At a conference earlier this month, Teck CEO Don Lindsay said years of low prices have cut off the investment pipeline. The equivalent of five new Escondidas are needed by 2025 to avoid the market going into deficit at a time suppliers face funding challenges.

"The new greenfield projects are particularly scarce and so we have a looming significant deficit in this business and the question is the timing for that deficit, which will be dependent on events in China and the global marketplace," Freeport's Adkerson said.

[mam fach] 27/4/2017 12:57

Agree.But it was not so long ago it seemed to take forever to break through 40p.
Price i now hovering @ 44p. Which is good IMHO.

[lefrene] 26/4/2017 16:13

Some of the big miners have been knocked due to the softening markets in coal and iron ore, and as you say Solg is bound to get a draught from that. We all know that it is going to take time to prove up the considerable resources at Cascabel, I believe that NM has a good strategy to confirm those resources in a logical sequence. There is a huge resource here, and it would seem that with the world hell bent on electric cars, that copper prices will rise to meet that demand. All one has to do is wait, but sitting on ones hands doesn't feel comfortable.

[alwaysevolving] 26/4/2017 13:53

Fully agree Lefrane and is the reason I'm well invested here. PMs, miners and explorers all taking a hit at the moment for several reasons and Solg share price getting dragged along for the ride which is what I was referring to, but think you know that. That and the fact that it doesn't look like the 46p 'nut will be cracked' this week as stated.

That being said, I have no doubt it will be once sentiment turns again.

[lefrene] 26/4/2017 11:47

The 'way it's going', is 15 billion tons of commercial grade ore, and possibly more? Got to be worth a heap of money to a big miner.

[alwaysevolving] 26/4/2017 10:28

46p. Doesn't look like it. Hoping we can hold 40p the way it's going?

[kyoquot] 23/4/2017 10:40

Unfortunately no St George's day celebration for Konta in the Fed Cup - wonder if we will crack the 46p nut next week.

[kyoquot] 21/4/2017 18:43

St George's day on Sunday, think he maybe up north at the moment:)

Not a bad week here - off to buy some nut crackers.

[filterwest] 21/4/2017 16:06

There might be a seller at 45p.

[lefrene] 21/4/2017 14:42

Seems reluctant to move above 45p on the bid as this seems the price point for the sellers. No shortage of good news, the thing just gets bigger and deeper. I guess just sit it out for that maiden resource statement, plus the TSX listing. The big miners must have a fair idea of the scale and richness of Alpala, presumably they will sit on their hands until copper prices recover significantly?

If there is 15 billion tons of commercial grade ore in Alpala, then it surely has to have a value above $1 a ton?

[onedayrodders] 21/4/2017 12:31

YEP .. getting bigger and bigger and bigger

[filterwest] 21/4/2017 08:02

Good news keep on coming. Onwards and upwards,

[lefrene] 20/4/2017 16:08

labour is the party of the apparatchiks, the working man and Labour's legitimacy were abandoned long ago.

I suspect that today's price movement reflects orders taken by MMs for stakes being increased.

Was that 15 billion tons just for Alpala, or Cascabel as a whole? Nice if it's just Alpala.

[compoundup] 20/4/2017 12:31

o/t - At the time of the last open Labour leadership election I asked a young Labour MP whom she would prefer as leader after she admitted that she had nominated Corbyn but voted for Burnham and she said "Theresa May" - not entirely in jest.

[lefrene] 20/4/2017 11:58

Rather a sharp minded and hard nosed Theresa at the helm than an aimless muddle head Corbyn.

I notice the 'trades' page seems to indicate that buys lead sells by a large margin and yet the MMs manage to nudge the price down a tad. H'mmm 15 billion tons eh.

[onedayrodders] 20/4/2017 10:58

I make her right .. the election is only because of those irritating sulking remoaners trying to pour treacle on the Brexit negotiations.

Why give the likes of Scottish hag Sturgeon and directionless Corbyn any airtime.

The thought of Nick Clegg again telling leave voters they didn't understand what they were voting for and are effectively only intelligent enough to make a decision on a mattress (hard / Soft) is nauseating.

[spacedust] 20/4/2017 09:47

So Theresa believes she does not need any persuading on TV and people are gullible to vote her regardless

Unlimited arrogance!!!!!

[compoundup] 20/4/2017 09:24

ten - the words AIM and MINER when mentioned in the same sentence tend to ring warning bells (SOLG notwithstanding) but add ZIMBABWE and you have the epitome of a shirt-consumer