Solgold Share Discussion Threads

[5070481] 15/3/2018 17:37

I have wondered if SOLG has some headline high grades but that then the majority of what they have is just good. But they also have always said that the want to prove more up so that is the trade off.

[onedayrodders] 15/3/2018 16:19

I'm not as clued up on the technicals as I should be but I note from time to time "poor grades" being attributed to SOLG by a few analysts and media coverage.

[5070481] 15/3/2018 14:56

24.5 would be sneaking over the downtrend from october. THat would see a decent chunk of buying come out of the woodwork

[lefrene] 15/3/2018 14:47

The interesting thing is, that they got Banks to put up that last tranche of money. Banks love a dead-cert, if they see a copper squeeze evolve and have a client sat on 10+ million tons of copper, they might want 'in' on the action? I think NM will have a variety of suitors offering to let him into their beds, lets hope he can tell the difference between Marilyn Monroe and Cruella de Ville!

[celeritas] 15/3/2018 14:34

No major copper finds in the last 20 years with the largest mines aging in a world that will need a hell of a lot more copper.
Copper will go into shortage which I expect will see the largest companies eating the smaller ones. This will be taken out before production.

[onedayrodders] 15/3/2018 14:28

same average lefrene ... I guess we will both live a die by the same sword !

[lefrene] 15/3/2018 14:14

I hope your timing is inspired Celeritas. I would like to have sold my holding 13 months ago and bought back again over the last month, but I would also like to have the Financial Times delivered a week early too, but my newsagent says he can't help! I have added over this dip and now average 21.5p, I believe a large viable source is there and that demand for copper will remain good. At some point somebody is going to want to mine Cascabel, it's just the price that has yet to be decided. Meanwhile there seems no value at all attributed to all the other properties.

[celeritas] 15/3/2018 13:32

Lef, joined you here with a few today after many months of checking it out.

[5070481] 15/3/2018 13:24

Want particulalry clear so apologies. I didnt mean necessarily that SOLG need to be mining it. But costings/feasibilty studies would go a long way to getting the market to revalue the ore. Falklands obviously have a lot of oil but it wasnt until it looked like a company may be able to get it out the ground that the market attributed an appropriate value to RKH.

ANyway I seem to be arguing against my holding! Drifting upwards and the chart is trying to look better and turn up. Add volume and we will get a lot of money form teh sidelines jumping back in I suspect.

[lefrene] 15/3/2018 12:27

Aguinaga could be the proverbial Holy Grail if it turns out to be high grade, as indeed it will give the kick start to the whole of Cascabel.

ODR perhaps the 'games' are being wound down, that 180 million new shares presumably have an ultimate destination and will need to be delivered. If so then 25p is the minimum by the end of the month. Then add an MRE update and perhaps some early news from Aguinaga, then you can trade in that Reliant for a Merkadies :¬)

[onedayrodders] 15/3/2018 12:13

don't want to speak too soon but possibly a new albeit steady upward trend developing

[mrpiggy] 15/3/2018 11:02

I forgot to add that high grade open pit ore at Aguinaga will also send the share price into orbit as this alone will finance the block caving at Alpala providing it is there in large volumes and the strip ratios work in our favour.

[lefrene] 15/3/2018 10:54

The implication was that the resource didn't count for too much, whereas the size and viability of the resource is everything. Yes the market gets more interested when it looks like things are shaping up to extract value.

[mrpiggy] 15/3/2018 10:43

Agreed lefrene but you can see what 5070481 was getting at, it will indeed be when we start mining ore that the market will get excited!Equally any news from Newcrest increasing their stake or a JV or buy out of Alpala/Cascabel by a major will get the share price back on track.

[lefrene] 15/3/2018 10:16

Finding large viable resources of ore is not easy, you can be as clever as you like in being efficient at getting something out of the ground, but without a resource it's wasted effort. It's the combination of mining skill and large viable resource that whets the markets lips.

Once Cascabel is fully proved up there's no reason why Solg simply can't borrow enough money to begin mining. If there's 10 million tons or more of copper there, and the price of copper continues to rise, then it will look like a good bet to lenders.

[5070481] 14/3/2018 18:21

Have I missed something about news being held back? Have we got some news confirmed? I am quite happy for SOLG to update market as and when it has tangable news rather than simple blow by blow accounts that mean little but cost the company money.

Volume is still pretty average so no surprise that the price isnt moving. Demand outstips supply in a meanigful manner and up we up and vice versa which has been the case for last few months.

Its a miner. Finding ore is easy, its the getting it out of the ground that gets the market really excited.

[lefrene] 14/3/2018 17:53

There's a really good breakdown of costs in Antofagasta's 2017 report released yesterday. I also read in todays Times that the head of AFG talks about the increasing demand from China for copper and the difficulty in finding resources large enough to be economic. It's no secret that miners are looking for good copper prospects. Perhaps the brakes will come off here in April?

[pecker1] 14/3/2018 12:56

I've heard stories about big bruisers at debutante's balls - better not to go there!

[lefrene] 14/3/2018 12:28

Mrpiggy, if there were an offer on the table they would have to tell the market. That doesn't mean that NM doesn't have tentative discussions with potential suitors, after all one can attend a debutante's ball without coming away with a newsworthy ring on one's finger. Lets hope the eventual winner is a big bruiser with deep pockets!

[pecker1] 14/3/2018 12:11

Mrp,

FWIW, I don't think news is being held back. The details about Trivino and Moran, including drill plans, on the three slides in the March 2018 presentation could have been put out in an RNS. What Solg has probably decided is to issue fewer RNSs to try and achieve maximum impact. If you just issue drill result after drill result the law of diminishing returns comes into play. Better to wait until you have interpreted what these drills are actually telling you about the size, grade and location of the resource - in short, what it all means to answer the obvious question: so what?

I wouldn't worry too much about PDAC. I've been there three times and presentations are sometimes very badly attended - there is so much else going on at the same time. Besides, NM would have had to skim over the March 2018 presentation because of time constraints and anyone interested would have looked up the presentation afterwards when back in their hotels.

But if NM did not meet some big hitters from the majors I'd be very surprised.For me, the drills at Aguinaga et al cannot turn fast enough!

[mrpiggy] 14/3/2018 12:00

In agreement with much of your post lefrene but my gut feeling is that there is an offer on the table, my gut feelings seldom let me down!Either way we are in for a very exciting year and not long to wait for a move north!

[lefrene] 14/3/2018 11:47

Mrpiggy, it could be policy, something as simply reducing 'noise' levels? They have made it clear that the MRE will be updated every 90 days, and although on BB's everyone would like a live feed from the drill heads, plus having the finance directors spread sheet open online, it ain't going to happen.

Yes the share price seems constrained, and gives the impression there is something going on behind the scenes. Given the huge size and favourable attributes of Cascabel, I would be more surprised if there wasn't something going on off-stage. Plainly this is a prize worth having, and thus worth playing dirty to get it. The more they drill the better the MRE becomes, bankable value gets added. Eventually something will happen, we just hope there will be a fight over it :¬) In the meantime the games go on.