Solgold Share Discussion Threads

[jerryspaniel] 08/10/2018 19:33

I have borrowed some of the following info from the LSE website.
Nevsun of Canada is recommending accepting an offer of about US$1.4byn for the company. Using the numbers from LSE they have 14.3myn mt of cu and 9.6myn oz of au. If I apply $6000 for cu and 1200 for au and deducting the cash they seem to have of US125myn, I calculate they are getting 1.3% for the stuff in the ground.
Applying the same calcs to SOLG and using the MRE I get to a share price of 27p. To that you could double it for the expected MRE2, plus you could add on whatever you like for exploration upside (as you presumably could for Nevsun?). Then one might want to deduct something from SOLG for Ecuadorean risk vs Nevsuns Eritrea, Macedonia and Serbia - or not!
I am no analyst so if anyone wants to shoot me down with more accurate numbers then please feel free. Just an attempt to get a discussion of slightly better quality than 'I think its going to trade at 39.89 on Thursday at 1.29pm', if you see what I mean....
All obv IMHO, DYOR etc etc.

[onedayrodders] 08/10/2018 17:14

yep low volume .. mm's have to make money on both sides of a trade hence shakes

[mam fach] 08/10/2018 14:16

Exercise of options or placing is never good for any share price.
Disappointed to see price fall today.

[jerryspaniel] 08/10/2018 13:51

Guessing where the price is going short term is just that, guessing.
It may go to 30, even 25. A mkt maker may know the next 1p or 2p, but doubt they know more than that. Its hardly selling that's pushing the price down as volume is small. Its a lack of buyers I would suggest.
Don't forget we have tens of millions of options to be exercised by the end of the month. Now that would be a lot of selling!! After that we have an MRE, a PEA and maybe those will result in a lot of buying. But just a guess......but I am going to buy more at 32 and that isn't a guess.

[mknight] 08/10/2018 13:41

30p if fund raising to fill that gap

[lefrene] 08/10/2018 13:03

£1 by Christmas ODR, there that feels better! :¬)

At least by then I hope we know a bit more about the size of the resource and a guestimate of costs to begin extraction.

[alwaysevolving] 08/10/2018 12:37

No, because you had never been bullish prior to calling a reversal had you ODR!!

#Priceless

;0)

[mam fach] 08/10/2018 11:54

They(whoever they are) are playing games with us.
I'll say it-40p soon.
Also , still time to buy.
That's all IMHO.
Good luck all who've held on through thick & thin.

[onedayrodders] 08/10/2018 11:24

Oh no Peter Shilton is back.

The BIG difference being I wasn't saying the week before we are going to 40p.

"Guilty as charged m'lord, take him down.

;o)

[lefrene] 08/10/2018 10:52

As it's a non producer there's no business case for buying, the value is down to who wants it the most badly. All parties know it's a huge resource and it's good to see that confirmed once in a while, but the ultimate price is down to which big bruiser wants it. Or on the other hand which Bank is willing to put up the capital to get it to production. NM having an alternative plan certainly would raise the game. In the meantime without news it's plainly going to sag back, but how far?

[alwaysevolving] 08/10/2018 10:40

ODR, Pretty sure when I mentioned I thought it looked like rolling over last week you gave me flack for it? Now you are saying the same thing?! ;-)

Let’s hope we get news soon that will stop us falling back too far. Unfortunately any RNS related to expanding resources of high grade seemingly has no effect crazy as that is. We need news of more major interest to get us motoring again IMO.

One of these days somethings going to happen that should blast us North never to return. Just a matter of when.

[onedayrodders] 08/10/2018 10:11

The 1-2p softening I mentioned looks on now

[goldrush] 07/10/2018 21:56

ROBIZM

The implications of Hole 64 must be immense....with all 12 rigs back at Alpala....get the MRE finished pronto....

Note in the RNS they told us that the turnaround in Assay results are now down to 3 weeks....thus signifies more quick drilling to get an expanded MRE

Newcrest know the info with their Board Membership....give them another 5% for $70m....perhaps

[robizm] 07/10/2018 20:33

They could be joining forces as most big mines have a few majors as investors. I wish they would drill a few of the other prospects as all 12 rigs are back at alpala or is that because of hole 64 or to finish the MRE. They will need more funds soon as well.

[mam fach] 07/10/2018 18:08

It's about time one of major miners showed their hands.
Unfortunately I think they have adopted a waiting game.

[goldrush] 07/10/2018 15:35

Just looking through Newcrest Accounts you can see how big they are .....In Note 28 to the accounts Investments in Associates there at $64m is their only one....SOLG. All other holdings are subsidiaries.

They are also based in Melbourne so can meet up with our chaps whenever.... Can you see them sitting idly by and not wanting to increase their stake to a higher %.... and this not just purely be an Investment.They easily have the financial firepower to make a move....IMHO

[goldrush] 06/10/2018 16:48

There is a Proactive article headed...

SolGold boss hints at significant upside for Ecuador copper-gold project

[lefrene] 06/10/2018 14:05

"and pioneered JPMorgan’s mining activities in Afghanistan and Kurdistan."

Thank's ODR. Why would you want to be in Afghanistan when safe civilised Ecuador can be accessed without having to fortify the mine and kit everyone with a Kalashnikov?

I read that the Chinese paid $3 billion for a mine there in 2008 and still haven't got it operational. I doubt that the Chinese are concerned about political correctness or any other social niceties in their operations, so if they are still struggling after a decade, why would anyone bother?

[onedayrodders] 06/10/2018 13:22

Solg/Cascabel - "One of the biggest copper mines coming in production in the next decades."

3m 4 seconds in

hxxps://youtu.be/eHAfnxWGzdA

[onedayrodders] 06/10/2018 13:18

Interesting find over on LSE...

... that Hannam and Partners (World leading independent investment bank) are now listed in the contact section on the latest RNS (they weren't there on the previous Cascabel exploration RNS) as Joint Brokers:

Andrew Chubb / Ingo Hofmaier Tel: [phone]
Hannam & Partners (Joint Broker)
[e-mail]

'Also known as the ‘King of Mining’, he helped float mining heavyweights BHP Billiton, Vedanta and Xstrata; bought together Glencore and Xstrata in a $90 billion deal, and pioneered JPMorgan’s mining activities in Afghanistan and Kurdistan.'

hxxps://www.themarque.com/profile/ian-hannam

[jlondon] 05/10/2018 13:53

Last night, there was an article relating to BHP & the Belt & Road - Copper. In today*s Solgold RNS, 5 Oct 2018, the co mentioned BHP saying they need to replenish their reserves?

So, SAY , if BHP were to pay a "premium", I would not mind. After all, Newcrest was keen to buy into Solgold and paid a premium.

That would be just great since it was reported that the Solgold share price has gone up 70% since the BHP news of buying 6.1% of Solgold shares.

From John Meyer, maybe, it is BHP making the suggestions [indirectly?] or impliedly via some casual remark or that*s the industry way ?

After all, the updated MRE is expected to increase and therefore, Liberum may have to revaluate further just as National Bank update their target price today.

Just have to wait for the next move by the majors or otherwise?

[mknight] 05/10/2018 13:03

Did he not say there would be no more dilution just last week.

just checked - he said not too many more chances to get into solgold.. Dever presentation.

So yes a chance they will do one more round of passing the cap .

there is a gap at around30p

[jlondon] 05/10/2018 12:51

Does anyone remember the share price ANGEL interview with IG Index recently? In that interview relating to Solgold, John Meyer, Analyst and Partner of share price Angel said that BHP could offer the co $20-30m or $30-40m [others can check the exact range]. At the time, I would wondering in what context?

Seems a bit clear with today*s National Bank broker note?

Not saying it is or not but just bringing it out for further discussion. Pl re-check.

[pecker1] 05/10/2018 12:47

They should have another £10M in the bank from the options exercise by the end of this month so doubt they will do a placing. More likely the structured fundraising NM has been flagging up on several occasions.