Solgold Share Discussion Threads

[mad foetus] 16/10/2018 07:29

I sold out last week, thought the general markets were weak and knew SOLG would need a big cash injection at some point. Talk about a bad mistake, all birds thwacked with one stone here. Good luck all holders, please arrange a nice pullback so. Can get back in at a cheap price!

[brahmsnliszt] 16/10/2018 07:22

This now really underpins the price. They're serious and are not playing games. Probably quite lucky with the global sell off which saw this dip but there u go.

[mikalan] 16/10/2018 07:20

How will other possible suitors see this?

BHP cosying up to take over in the future? Time to make a move guys.

[mikalan] 16/10/2018 07:18

BHP get another 5% of SOLG.
SOLG get more money.
BHP gets a director, little influence but insider knowledge.
BHP won't buy more shares or make a bid for SOLG unless that bid is approved by SOLG (so may still bid).
If anyone else bids then all bets are off.

BHP happy to pay 45p per share. Presumeably because they think that is very good value.

[onedb1] 16/10/2018 07:12

Ties in with Technical targets . Coincidence who knows , but has me delighted never the less . We now know that Solgold in the mid 30s is a bargain the majors are not even allowed to pay . 45p was my Fib extension of the recent retrace . 1.618 . For those who are interested .

[come on] 16/10/2018 07:02

What a good deal it seems

[brahmsnliszt] 16/10/2018 06:53

Wow. That's aggressiveShapes up for an interesting open.

[mam fach] 16/10/2018 06:51

You have to remember that many investors piled in @ 46p.
They are yet to see a profit on their investment.
It does look like NM is warming to some sort of venture with BHP.

[7rademark] 16/10/2018 04:06

Based on yesterday's closing price, 35.2p represents a considerable discount to the new shares,If we open at 45p or reach it this week that's a 27.84% profit on the last UT

[mam fach] 15/10/2018 23:32

Well, well , well so now we know.
45p tomorrow ?

[mirabeau] 15/10/2018 23:13

BHP news




Oct 16 2018 at 9:05 AM
Updated 2 mins ago

BHP increases stake in copper explorer Solgold

BHP CEO Andrew Mackenzie... BHP will spend $82.9m increasing its stake in copper explorer Solgold.

by Peter Ker

BHP will spend £45 million ($82.9 million) increasing its stake in copper explorer Solgold, under an agreement with the directors of the Ecuador-focused takeover target.

BHP will own 11.2 per cent of Solgold after completion of a private placement, in a move that confirms BHP's strong interest in the Brisbane-based company, and increases the chances of a bidding war with rival miner Newcrest Mining.

BHP will pay 45 pence (82.9¢) for each extra Solgold share; more than double the 20.5 pence that Solgold's London-listed shares were fetching just 43 days ago on September 3.

BHP's 11.2 per cent stake will make it the third biggest shareholder in Solgold, behind Newcrest which has just over 14 per cent and ASX listed minnow DGR, which has about 12 per cent.

[mam fach] 15/10/2018 22:34

I think someone is building a stake.
All those 20k transactions.
Another interesting day tomorrow.
Let's see where we go after placing shares admitted.

[jovi1] 15/10/2018 20:06

maybe another placement
the question will be at what price maybe BHP would but 10% for around 70 mil considering the past offer of 30 mil for 10% and almost 300 mil to spend in Cascabell for 75% of that project
that will keep the drill going for another year and maybe more of an impact in few other location
clearly contrary of what generally happen on placements this would be great news for the sp
just thinking loud and with finger

[mam fach] 15/10/2018 14:04

Somethings cooking. That's for sure.
Look how price dropped to 32p-33p.
Also talk of it going back to 20's.
Scare tactics. IMHO.

[lefrene] 15/10/2018 14:03

mam fach, I'm not too far behind you!

[mam fach] 15/10/2018 13:56

You are pulling my leg lefrene -if one lives long enough.
I have nearly reached "oed yr addewid"
which is what we are promised in the Bible.
Three score years and 10.
But back to Solg.
Gut feeling we are going to break through 40p this week.

[onedayrodders] 15/10/2018 13:44

I know you guys are more copper focused but having been a keen Precious metals follower it could be the Gold that drives the share price in the short term.

And if Gold has bottomed and the macro conditions worsen it should be spectacular.

ODR

[7rademark] 15/10/2018 13:43

Price is entering the third wave of its recent rerate, often the strongest, gold has plenty of room for improvement from its highs so all good.

[pecker1] 15/10/2018 13:39

A question for those well versed in company law re options:just wonder whether Solg could package up the options held by staff and contractors expiring shortly and offer them to Newcrest at a healthy premium. Option holders happy, Newcrest happy, no supply overhang on the market so us shareholders happy too.

Fanciful or possible?

[lefrene] 15/10/2018 13:04

mam fach, it still isn't "easy", but I suppose like any holder here one hopes that eventually (if one lives long enough), that the value will get recognised. Not just in Cascabel but in those other 72 properties which one hopes contain at least another 3 Cascabels.

[mam fach] 15/10/2018 11:42

Think price wants to break out.
Interesting few days ahead.
Well done all who have held on- it wasn't easy.

[lefrene] 15/10/2018 09:57

Gold wanted this morning, still a haven during interesting times.