Solgold Share Discussion Threads

[markth126] 04/5/2017 12:50

Im in for a little more, 150000 in total now. Think in about 5 years time that could be enough to buy a nice little place in the lakes!!

[lefrene] 04/5/2017 12:49

Yup, they just took a step downwards :¬)

[yufff] 04/5/2017 12:32

Super presentation on the site

This has got legs

[sidarthur2] 04/5/2017 12:16

great presentation

[onedayrodders] 04/5/2017 12:12

lefrene .. I think this time they will laminate it so should spike after that

;o)

[lefrene] 04/5/2017 12:06

Surely those investing in mining already know about Solg's assets/prospects? Unless of course Solg are going to reveal new information?

[smoothtrader] 04/5/2017 11:09

Hopefully this will return to new heights post presentation in New York and London. Should also bring new investors.

[[e-mail]] 04/5/2017 09:30

just topped up yesterday looking good.

[yufff] 03/5/2017 13:01

Resource statement was due mid 16

Now almost mid 17


Happy to wait for this golden egg to fall in to our laps

[compoundup] 03/5/2017 12:07

The timing of the cut-off and handover of data to develop a resource statement in this case would presumably be governed by the time required to produce the report for a specific event such as publishing a prospectus for a market listing.

Like a newspaper that has to go to press before a certain time, whose content is out-of-date as soon as it's printed, it doesn't mean that the published information is without value. It doesn't harm the story if you can later say something like "Since the data was submitted for evaluating the resource further drilling has demonstrated continuing mineralisation consistent in grade...etc".

The other "nice problem" is that shareholders do not know how close we are to such publication. Assuming that what we think we know so far of the resource has been stated on the conservative side, there won't be a disappointment coming. Even if the resource is a bit less than what we might have in mind, the fact of it will underpin the value-in-the-ground and provide a benchmark for future expectations as drilling reveals the full extent of mineralisation.

[lefrene] 03/5/2017 11:37

It's a nice problem to have, that the resource is so large that every time they drill it to define its size, it just keeps getting bigger. Annoyingly this puts back the resource report and the re-listings, and consequently the expected enhancement in value. In the meantime perhaps a big hitter will pounce with a wild bid :¬)

[alwaysevolving] 03/5/2017 10:05

Lefrene, thanks for your reasoned response. Much appreciated. Yes, eye watering numbers indeed but no matter which way you look at it they are backed up with HUGE in ground resources. Gives one confidence that the current share price is way off true value as yet. Thanks Again for your time in responding.

[lefrene] 03/5/2017 09:32

alwaysevolving, I don't have a fixed figure in mind for the sp, all one can do is look at the numbers, ie 15 billion tons for Alpala x price of copper at 2%. One gets a really big number, then ask yourself what percentage of that net worth will Solg be able to get in a deal? Is it 2% or 5,7, or 10%?

If you priced copper a bit low at £4 a kilo then 2% a ton is circa £8 a ton x 15 billion gets to £120 billion presumed gross worth. Then say 3% as a sale price gets £3.6 billion against current value of circa £630 million. So that back of an envelope would see 570p. Seems incredible and I might be way off, but this is just Alpala, Solg has many more assets.

All I can say is that I believe the ultimate value here is much higher than the current value, but of course things can go wrong, especially in Central America.

[yufff] 02/5/2017 19:36

£2.5/£3 on a bid approach

[alwaysevolving] 02/5/2017 19:05

Just out of interest Lefrene, do you have a target price in mind for this if you don't mind my asking? I appreciate there are a number of variables.

[lefrene] 02/5/2017 16:29

ODRodders, I feel that this resource is of such size that it's a 'must have' prize given the decades of production that it will yield. Will there be a hidden concert party quietly hoovering up shares and parking them in disguised places, waiting the opportunity to act? At least NM has been in the game to know whatever dirty tricks are likely to be tried, and given his own substantial holding won't sell out cheap.

[onedayrodders] 02/5/2017 15:55

I'll drink to that lefrene

[onedayrodders] 02/5/2017 13:17

Lots of talk on LSE chat room of this being suppressed with large sell order around 50p being in place for some time with the sole purpose being to put off buyers.

[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.