Solgold Share Discussion Threads

[zeusfurla] 27/9/2018 15:25

Pob69 - thanks for the link and concise summary. A very positive presentation again and aimed in part at least at big players. 2 other quotes to add -

'£644m market cap is terrifyingly small'
'company still undervalued' - mentioned as part of the summary at end.
Looking forward to more resource updates.

[pob69] 27/9/2018 14:23

Here's the Denver Explorer & Developer Forum presentation by Nick Mather CEO $SOLG $CGP #cascabel #ecaudor

Restates confidence in doubling of MRE expected in November.
"...Production operations in future projects funded internally" (by bootstrapping)
"...Not too many opportunities to get into new Solgold equity"
"...4 year jump on rest of industry and we have the 10 best"
"...Ecaudor is our oyster and we epect to find lots of pearls"
"...BHP transaction with no due diligence"
"...PEA work being done currently to budget and schedule"
"...Hole 64 is high grade and my mind boggles as to what might be there" (is this the root of the the core?)
"...very interested in Blanca which has artisinal miners all over it and it is very handy in helping the development of Alpala" (check out the nugget!)
"...company still undervalued in bulding one of the world's great copper majors"

[mirabeau] 27/9/2018 13:13

We're all waiting for BHPs next move. Ooooh, the excitement of it all. Will they up their stake or will they make a full offer for SOLG?!

[onedayrodders] 27/9/2018 13:04

thank you chaps

[goldrush] 27/9/2018 13:02

As Mirabeau says it is compliance related. It is probably good news in that the Stock Exchange have audited SOLG and these are the only minor changes they wanted revised.

[jerryspaniel] 27/9/2018 13:00

mwv1. Thank you for sharing your thought process. Sounds like you have some expertise in this area. I must admit to struggling to work out from which angle we are looking at sometimes. Thanks for clarifying.

[mirabeau] 27/9/2018 12:56

It's compliance, nothing more. It's a nothing RNS

[onedayrodders] 27/9/2018 12:49

anyone able to comment on this RNS in terms of whether administrative or something more serious ?

[mwv1] 27/9/2018 11:28

Hi Jerry,

The slides give much of the additional information. On page 25 the pic of the core from hole 64 is from 2138m depth and the slide is titled bornite leads to high grade concentrate and high gold content. The >1.5% resource plan on page 21 gives the location and the extent shown of over 150m around the hole indicates a significant length of intersection at over 1.5% cutoff.
From the 20th August RNS hole 64 is the one into Trivinio. Hole 49 slid over the top of the high grade at 890 to 1010m down hole with 1.57% Cu equiv. Told them where to drill hole 64. This time they hit the jackpot and even before analysis they are putting it in their resource plan at over 1.5% Cu equiv so the grades must be spectacular.

[7rademark] 27/9/2018 11:24

I only hold 30k I've been able to sell them easily since late yesterday but no quote on the same amount to buyMay be my broker of course

[jerryspaniel] 27/9/2018 11:01

Everyone see the story of Anglos getting into Ecuador via Luminex? If not I will post link.

[mirabeau] 27/9/2018 10:52

I think he may mean getting an online quote for size

[stopps] 27/9/2018 10:47

No problem to buy online here!

[7rademark] 27/9/2018 10:23

Still can't buy in any decent quantity but can sell.

[mam fach] 27/9/2018 09:16

Thought update was expected in September ?

[jerryspaniel] 27/9/2018 08:54

Hi mwv1. Thanks for the clarification. I have watched the webcast again and I note that hole 64 is briefly mentioned. However a lot of what you say is not, so are you inferring the other stuff like depth, location, extension and 5% cu?
If so, if you don't mind me asking, are you qualified to make such pronouncements?

[7rademark] 27/9/2018 08:18

Can't buy online again. I wonder if our 1m buyer is in for more today. This is getting really interesting.

[goldrush] 27/9/2018 08:14

mmv1

Your Post 13,196 above ....smashing post as this is the beauty of Bb’s.

I had missed the significance of Hole 64 .....Incredible

Also thanks to pob69 another great post by the Angry Geologist !!

g

[pob69] 27/9/2018 08:06

There you go for those who follow AG... Angry Geologist has upgraded her Alpala figures in light of some of the comments following her previous article. $SOLG $GCP #ecuador

[mwv1] 27/9/2018 06:14

Last Fridays one.

[jerryspaniel] 27/9/2018 00:19

Thanks mwv1. Is this last Fridays presentation or this Mondays? (Maybe both). I cant see Mondays till tomorrow evening. Are you seeing it now?

[mwv1] 26/9/2018 23:39

The most exciting thing about the last presentation was Nicks mention of hole 64. It is potentially the deep root of the system.
The slide and his comment show it is bornite rich and so also gold rich. They also show a diameter of 150m around the drill hole at above 1.5% cu equiv. This suggests that by inspection of the core they have assessed over 300m in length at above 1.5% cu equiv (still waiting on analysis but will have been fast tracked).
This is huge as it is over 200m north of the rest of the high grade core so will be a huge expansion of the high grade core.
Is it a coincidence that BHPs investment came just when this core will have come out of the ground - probably but it will have made the decision to invest easy for them.
Over the next couple of weeks the assay will come back for this core in a huge RNS and I expect sections over 5% cu equiv.

This will be what jumps us through 40p and beyond.

See pg 21 for the brand new circle of resource round hole 64 and pg 25 for the pic of the deep (over 2100m) core with black bornite spots.

Nick couldn't help but mention hole 64 (to big not to), and also said that the track mounted drills could go down to 2800m 'if required'.

They have found the root of the core and are going after bonanza grades that come with it.

Any geologists out there will see what it is. The excitement from the next RNS will be huge.

As ever all imho.

[mam fach] 26/9/2018 16:34

Someone is playing games with us.

[onedayrodders] 26/9/2018 16:31

Hope it was but offer is now below that so not so sure

[7rademark] 26/9/2018 15:51

I'd suggest the 1m is a buy and that's the reason the share price spiked earlier, takes time to fill an order of that size, someone is keen.