Solgold Share Discussion Threads

[lefrene] 29/1/2018 12:32

The bankers who invested at 25p need to work that investment you can't leave that sort of money not earning anything. I think we have been seeing the results of that 'work', as we get nearer to April we might see it unwind as books get balanced.

[nicksig] 29/1/2018 12:03

If this moves up from here the technicals will look strong imo

[nicksig] 29/1/2018 11:18

Looks like this has found support

[mrpiggy] 29/1/2018 11:01

Sounds like a fair assessment lefrene, i for one will buy another big chunk if we hit 20p or near to it!

[lefrene] 29/1/2018 10:34

There seems no end to it ODR, one would think it was a widget business with no demand for the widget. As time goes by if this survives as an independent company I believe it will be found to control as much as a trillion dollars worth of metal across those 78 properties. I also believe the current price action is connected to that bought deal with the bankers. This business isn't going bust, it's doing all the right things and delivering on it's plans, and in just one favourably blessed location very likely has over 10 million tons of cu eq worth £50 billion. So I hope to get more at an ever cheaper price, eventually the players will show their hands.

[onedayrodders] 29/1/2018 09:33

Crikey :O(

[lefrene] 27/1/2018 12:59

I'm guessing that the news will just get better and better, perhaps they will have a resource update for the AGM on the 30th? It's beginning to look as if there is rather more than 10 million tons of cu ev in Alpala alone. Perhaps for the next fund raise Solg should issue bonds linked to copper?

I still can't reconcile how this is valued at a tiny fraction of the potential of just one site out of 78 in Ecuador, let alone the other properties.

[onedayrodders] 27/1/2018 12:38

" SolGold plc (LON:SOLG) (SOLG.L) has released an exploration update today regarding its Cascabel Project in Northern Ecuador. There are now 12 rigs onsite and operational at Alpala. There has been an additional 13,384 metres of drilling completed since the release of the Alpala Maiden Mineral Resource Estimate cut off, which was published on 3 January 2018.

Over the next year, the company anticipates that over 120,000 metres of drilling will be completed. In this regard, the company notes that it is encouraging that the new track-mounted rigs are already performing beyond expectations. They have delivered up to 60 metres per day each.

The cost of drilling has fallen from $1,100 per metre to $530 per metre. This could mean the cost of drilling is less than may have been previously expected.

SolGold is focused on significantly increasing upon the maiden resource at Alpala. With the bornite rich areas at Alpala South yet to be comprehensively tested, the company believes it could find a deep, rich root at Alpala.

In the last year the SolGold share price has fallen 20%. That£s a worse performance than other resources stocks such as KAZ Minerals PLC (LON:KAZ) (KAZ.L), Glencore PLC (LON:GLEN) (GLEN.L) and Anglo American plc (LON:AAL) (AAL.L). KAZ Minerals is up 90%, Glencore has gained 25% and the Anglo American share price has risen 27% during the same one year time period.

In my view, SolGold is making encouraging progress with its drilling programme. Although the nature of its activities is risky and highly uncertain, I believe the company could be able to deliver improved share price performance. I£m upbeat about the prospects for the gold price over the medium term and feel this could provide the stock with a tailwind in future. While potentially volatile, I feel its share price performance could improve relative to sector peers."

[onedayrodders] 27/1/2018 12:38

" SolGold plc (LON:SOLG) (SOLG.L) has released an exploration update today regarding its Cascabel Project in Northern Ecuador. There are now 12 rigs onsite and operational at Alpala. There has been an additional 13,384 metres of drilling completed since the release of the Alpala Maiden Mineral Resource Estimate cut off, which was published on 3 January 2018.

Over the next year, the company anticipates that over 120,000 metres of drilling will be completed. In this regard, the company notes that it is encouraging that the new track-mounted rigs are already performing beyond expectations. They have delivered up to 60 metres per day each.

The cost of drilling has fallen from $1,100 per metre to $530 per metre. This could mean the cost of drilling is less than may have been previously expected.

SolGold is focused on significantly increasing upon the maiden resource at Alpala. With the bornite rich areas at Alpala South yet to be comprehensively tested, the company believes it could find a deep, rich root at Alpala.

In the last year the SolGold share price has fallen 20%. That£s a worse performance than other resources stocks such as KAZ Minerals PLC (LON:KAZ) (KAZ.L), Glencore PLC (LON:GLEN) (GLEN.L) and Anglo American plc (LON:AAL) (AAL.L). KAZ Minerals is up 90%, Glencore has gained 25% and the Anglo American share price has risen 27% during the same one year time period.

In my view, SolGold is making encouraging progress with its drilling programme. Although the nature of its activities is risky and highly uncertain, I believe the company could be able to deliver improved share price performance. I£m upbeat about the prospects for the gold price over the medium term and feel this could provide the stock with a tailwind in future. While potentially volatile, I feel its share price performance could improve relative to sector peers."

[onedayrodders] 27/1/2018 12:38

" SolGold plc (LON:SOLG) (SOLG.L) has released an exploration update today regarding its Cascabel Project in Northern Ecuador. There are now 12 rigs onsite and operational at Alpala. There has been an additional 13,384 metres of drilling completed since the release of the Alpala Maiden Mineral Resource Estimate cut off, which was published on 3 January 2018.

Over the next year, the company anticipates that over 120,000 metres of drilling will be completed. In this regard, the company notes that it is encouraging that the new track-mounted rigs are already performing beyond expectations. They have delivered up to 60 metres per day each.

The cost of drilling has fallen from $1,100 per metre to $530 per metre. This could mean the cost of drilling is less than may have been previously expected.

SolGold is focused on significantly increasing upon the maiden resource at Alpala. With the bornite rich areas at Alpala South yet to be comprehensively tested, the company believes it could find a deep, rich root at Alpala.

In the last year the SolGold share price has fallen 20%. That£s a worse performance than other resources stocks such as KAZ Minerals PLC (LON:KAZ) (KAZ.L), Glencore PLC (LON:GLEN) (GLEN.L) and Anglo American plc (LON:AAL) (AAL.L). KAZ Minerals is up 90%, Glencore has gained 25% and the Anglo American share price has risen 27% during the same one year time period.

In my view, SolGold is making encouraging progress with its drilling programme. Although the nature of its activities is risky and highly uncertain, I believe the company could be able to deliver improved share price performance. I£m upbeat about the prospects for the gold price over the medium term and feel this could provide the stock with a tailwind in future. While potentially volatile, I feel its share price performance could improve relative to sector peers."

[mrpiggy] 27/1/2018 10:07

Cool innit!

[fsawatcher] 27/1/2018 08:34

i speke fine you jus old skool

it new english innit , world gonin to rats

everyfink goin change coz old skool gettin refurb

[mrpiggy] 27/1/2018 00:31

Let's do a deal FSA, give me your account details and I'll gladly pay for you to go on an English course so posters can actually read what you are trying to say instead of second guessing what the hell you are on about!On a serious note I think you have a few valid points to raise but it hurts my head trying to figure out what you are saying.... I'm just a simple Pig!

[turbonutter] 27/1/2018 00:00

Having difficulty believing its just PI selling and causing the drop, more inclined to believe there is some sort of Major/Institutional agenda in action.

A t/o price of 40p more likely to be accepted if the share price is 20p than if it was 38p...

[robcobley1] 26/1/2018 20:49

Is Solgold a sell, hold or with the latest fall a Buy? I am confused....

[pecker1] 26/1/2018 19:40

charlieeee,

Yours seems a plausible explanation to me, but don't be too hard on those that have have sold.

Every l-t investor has to make that kind of decision and it gets more difficult as the price continues to drop way beyond what had been expected, given that - as far as we know - there is no fundamental adverse change in Solg's prospects. I've been there several times with other shares and, looking back, my regret was not top slicing when I had the opportunity. But that is not easy either as the price is rising because there could be a takeover bid at any moment!

With Solg I decided to buy and hold come whatever as long as NM keeps his shares. So if I'm hurting now so is he in spades! Still reckon Solg will help greatly to finance my retirement. And I'm enjoying seeing this fascinating story unfold too which helps!

[shakester2] 26/1/2018 16:50

and virtually halved the drilling costs and therefore cash burn

[trev1223] 26/1/2018 15:55

Bought another tranche this afternoon, we must have bottomed out now. Looking to break
through 25p next week.

[charlieeee] 26/1/2018 14:52

Other than the Canadian component, those shares which were to have been sold on have long since been washed through the market: a lot would have been pre sold.

It was a greedy deal for the boys, who expect to make a killing on this and it was the only way they could get a decent stake without moving the market.

The current sellers, at sub 25p are clearly nothing to do with the placement: for the most part, they will be PIs, who enjoyed the ride up and are preserving profits from the 4p level, driven by irrational fear and an inability to value the resource.

Cash in the bank is always a protection from predators. What NM has ensured is that someone else does not benefit from his drilling campaign: he still has cash at the end of the 120,000 meters.

[5070481] 26/1/2018 14:02

The fundraise had little to do with potential takeovers. It was done puely to fund an increased drilling campaign. Money will still run out. I'm a big fan unfortunately but we will continue to see downward pressure until the investor sthat took part in teh placing have got ride of tehir extra shares to a level they are happy with. WHen they look like having cleared then is the time to fill your boots. Same thing happened over at HUR. PLenty of time to get in on a 50% move.

[lefrene] 26/1/2018 13:32

I suspect those bankers will have done off market deals with those shares, for instance selling options for April execution. They could then trade in the market to drive the price to suit their book, or other parties having entered those contracts might then engage in the market to their future advantage. I guess a takeover attempt early in April might give a clue as to whether my suspicions are correct? But what is at odds is that every bit of good news see's the price driven lower. Having seen it driven below 4p in the past (smaller share base) and bounce to 46p, it would be fun to see a repeat of it being driven down to say 20p and then a bounce to £2 :¬)

[charlieeee] 26/1/2018 13:04

It has to be accepted that the 25p fundraising caused disappointment and will have destabilized a fairly solid shareholder base, but ultimately, it was the best way of protecting the company from predators making low ball bids.

There is a certain amount of concern about what happens when the 4 months lock-in (where it applies)is up, but the reasonable expectation has to be that the mindset is is more that of an investor than 10% trader, otherwise they would not have accepted the 4 month period. Obviously, they expect decent upside on their 25p entry and so their interests are largely aligned with ours.

The current share price trend is simply driven by irrational fear.

[lefrene] 26/1/2018 12:40

It is difficult to watch capital being destroyed ODR but at the same time it's evident that Cascabel is a massive resource with very favourable attributes that make it comparatively cheap to begin extraction. Plainly it will be wanted by somebody given that the scale of the site means it will be a producer for many decades. I wouldn't be at all surprised to learn in due course over the next couple of years that the whole of Cascabel contains circa 20 million tons of cu ev, which at circa £5000 a ton amounts to quite a few bob.

I know I'm repeating myself, but if this is being gamed to try to get it on the cheap, then they had better hurry up as every month ever increasing amounts of metal will be revealed, which will bring ever more numbers of interested would-be miners. Where else are you going to find a prospect that will likely be earning money within less than three years of turning a spade? An earner that will grow and make big profits for a century or more, paying for itself a hundred fold even if you paid $5 billion for it.

[pecker1] 26/1/2018 12:37

Mrpiggy,

Lol! Yes, as lefrene and others have pointed out something strange has been going on ever since Solg did the fundraising. Drilling news re Aguinaga has now removed a mental block I had about buying more.

Would be good to see a new video interview with NM in which he points out how his fast-track regional exploration programme is already yielding results which will be followed up speedily. As well as offering opportunities for organic growth, these could also create potential funding options much sooner than many expect. The RNS also says they are soon going to drill one of their Oz projects too.