Solgold Share Discussion Threads

[lefrene] 19/2/2018 12:28

Cascabel is too big and easy to be ignored, there is certainty of large profits in it for a competent miner. The more time they give Nick Mather to prove up more copper and gold, the more tasty a morsel it becomes, the more it will cost. The location would certainly suit a Chinese operator shipping back to China.

[lefrene] 19/2/2018 11:44

The story just gets better and better but the price goes nowhere. Cascabel appears to be shaping up to be the biggest copper/gold find of all time and in a favourable location too. Oh well, walk on by, nothing to see here!

[pecker1] 19/2/2018 11:42

Mrpiggy,

Re one of the majors jumping in, this might indeed happen at any moment which is why I am still holding every share I have bought.

However, before we get a bid, I think it more likely that Solg will be able to discover if the Alpala deposit extends to Trivinio, how rich Alpala Northwest turns out to be (another porphyry "centre"?) and if Aguinaga becomes another major high grade porphyry deposit.

Why? First, because I doubt if a major could do a better job in terms of economy, volume of drilling and direction than Solg is doing now. Second, with every month that passes the project is both growing and is being derisked. Third, the infrastructure advantages of Cascabel have to be at least a saving of 2 to 3$ billion in capex and 2 to 3 years in time to development.

Knowing this, a major may well be prepared to wait until more is proved up. Great for us shareholders!

BTW, there is a good article in the October edition of Mining Magazine on Cobre Panama, which is being developed by First Quantum. The infrastructure needs of this project are massive as is the capex.

[mrpiggy] 19/2/2018 09:19

Great Solid RNS once again from the company but as far as trading goes it's all about stock sentiment and as FSA watcher put it "we in the naughty bin innit"Zombie Stock!But holders make no mistake though, the majors won't have such a negative view & will be drooling over this and it's only a matter of time before one of them jumps! :@)

[noccer] 19/2/2018 08:35

Excellent RNS but I am confused about the great grades on hole 33-D1 - 106m at 2.13% CuEq, but hole 33-D1 on the provided graphic showing drill holes is shown as still partly awaiting assays and extending way over to the west of the established core of Alpala. Wherever it hit, that is a chunk of high grade ore. Hole 37 great too, as already mentioned. Good start to the week.

[mrpiggy] 19/2/2018 07:51

Hole 37: Approximately 222m of visual copper sulphide mineralisation, open at depth as drilling continues (1620-1842m). This hole is particularly important, implying major system extensions northwest towards the Trivinio prospect;You will probably find in the fullness of time that some if not all the prospects at Alpala are linked, I've heard it implied before this seem to be backing it up.... let's see what Mr Market thinks!

[mrpiggy] 19/2/2018 07:41

Typo ERROR, it should have read..... MAJOR SYSTEM EXTENSIONS!

[mrpiggy] 19/2/2018 07:37

R.N.S. I like the beginning but best..... MAJOR SYSTEM INTRUSIONS.... that says it all.That will alert interest by all the major mining companies!!Question is do they jump now and get us for peanuts OR do they wait for BFS to land and pay top dollar and perhaps a bidding war?You pay your money you take your chances!! ;@)

[lefrene] 18/2/2018 12:00

Seems about US$2 billion to get a block cave operation up and running then stocky21. Given the excellent infrastructure at Cascabel it might be might be less. So US$2 billion to start up a mine that might well contain 15 million tons of CU eqv currently circa $7,000 a ton =$105 billion. Over time that value will of course rise with inflation and also the likelihood of raised demand for electric vehicles, and the growth of cities across Africa India and Asia. If you paid $5 billion for a buried proven 15 million tons, you would still have a very good bargain.

[stocky21] 16/2/2018 21:48

See this presentation from Newcrest with some historical cost in block caving. You can use this as benchmark for Solg. There is also a ton of other info which goes over my head.

Based on your interpretation, please share a couple of key points if possible.

hxxp://www.newcrest.com.au/media/financial_reports/2018/HY18_Briefing_Pack.PDF

[5070481] 16/2/2018 17:52

Its not much of a manipulation. It happens to every company that raises that much money. There is always a massive overhang of shares as people take their cheap allocation and immediately try and turn a profit where they can. THe annoyance will be that by the time these shares are cleared we may be in need of another fund raise!

[mrpiggy] 16/2/2018 14:37

Don't be surprised if we end the day down, we will probably be up till 4.30 and then a couple of piddly little sales after 4.30 will take us down... it follows the same pattern (I hope I'm proved wrong!!).

[lefrene] 16/2/2018 11:28

Well I suppose if you acquired a large slug of shares at a huge discount that you couldn't trade on the open market, then I suppose you might just be tempted to enter forward contracts at say 33p? That would put 8p x 180 million into your pocket. You might then decide you would like to actually own those shares when they come to market, thus it would be an awfully nice thing if the price went below your acquisition cost of 25p. I wonder how you could make that happen?
Six weeks to the beginning of April, one wonders if there will be a sea change shortly afterwards?

[mrpiggy] 16/2/2018 11:13

It's becoming crystal clear that the thieving scum are doing all they can to encourage sells and manipulate the share price down, it's been going on for weeks now and not would you would expect from a supposedly regulated main market!The question is why and have they been instructed to do so??

[noccer] 16/2/2018 11:10

Or is it the USD nudging down? Metals prices in USD are way up near highs, but metals stocks like GLEN are not. Not sure if that is exchange rate effects or some other market sentiment (e.g. low volume while China is on holiday for their New Year celebrations).

[lefrene] 16/2/2018 10:50

Both copper and gold nudging upwards this am, plainly nothing to do with Solg!

[lefrene] 15/2/2018 12:12

With each update the Alpala resource will keep growing, add in Aguinaga and the growth rate goes up a notch, all of which makes the sums around the extraction costs look ever more attractive. Throw in the favourable infrastructure and thus a faster and cheaper start-up, and you have a viable, nay, attractive proposition that will swiftly come to operating profit.

[pecker1] 15/2/2018 11:17

Nick Mather to present from 3.45pm to 4.00pm on Tuesday, 6 March at the PDAC in Toronto. Arguably the most important mining networking conference of the year in Canada.

Good chance we will get a bumper exploration RNS, perhaps even a revised MRE, just before he presents for maximum impact.

[lefrene] 15/2/2018 10:32

Yes huge resource at just ONE location out of 78 in Ecuador, plus other locations in Oz and the Solomon islands. Sit tight, one of the players will eventually blink.

[mam fach] 15/2/2018 10:28

Keep believing and hold on to your shares.
We all know this will come good in the end.
N M hasn't let us down yet.

[smoothtrader] 15/2/2018 10:28

Rouge..Thanks.The writings on the wall. I'm also share your view. We've stonking of resources here... Just need to be little patience. This is massive...and everyone of those poker player knows that. I've every confidence that Bods will not let this go on the cheap. Nick is playing very clever game of poker and he knows his table well.

[rougepierre] 15/2/2018 10:16

I've read the Financial Report in detail...

Key points that stand out are:

CASH operating loss for the 6 months was A$4.7 million

Net Cash Outflow before financing activities was A$26.6 million, with a closing cash balance of A$138.44... (for the last 3 months was only A$12 million)

Meaning that at the same rate we have enough cash to take us through to the start of Q2 2019...

And of course I had to remind myself that the Directors were given 46,672,000 options to be exercised by 8 August 2020 at SIXTY PENCE...that's almost three times the current price, just to make a profit....

Comments?

[rougepierre] 15/2/2018 09:58

Am I making a simple schoolboy error here...?

6m ounces of indicated gold plus 6.3m inferred, equals 12.3m @ $1350/oz = $16 BILLION

2.3mT indicated copper plus 2.9mT inferred equals 5.2mTx2250x$3.22/oz = $37.7 BILLION

Together that equals Gross Revenues of $53.7 BILLION!

MCap = £374 MILLION...

Are these numbers simply so huge that the market can't cope?

And Aguinaga still to come....

My suspicion is that Nick is playing a blinder here...he already knows that the Aguinaga drilling is going to throw up some immense resources and vein rich near surface pickings, so...

We will be drip fed juicy morsels from March onwards and, if he also goes for a Premium Quote soon, this share price could race away...

Meanwhile are the big players sat round the table playing poker, waiting for someone to blink before another comes in with a knockout bid...

I don't know what the outstanding short is here, but I suspect the drift in the share price is down to PIs who got in on a punt much higher, or have simply got fed up like geremi...

AIMHO as usual, but I still have almost 300k of these and I have no reason to sell...especially as the copper price continues to march upwards...

PS I bought into ATYM at an average of c80p and sold out half when they doubled (now 190p)...SOLG and KCC are my chosen successors to do a similar so explosion...

Not bragging, simply pour encourage those who hang on in here like me...

Only a matter of time and then BOOOOOMMMMM....!!!!

[mrpiggy] 15/2/2018 09:22

Sounds like a plan lefrene! ;@)