Solgold Share Discussion Threads

[mam fach] 14/11/2018 17:06

Don't expect there's any significance in 1 trade just gone through.

[mam fach] 14/11/2018 16:20

Don't think it's factored in. Probably BHP know so.
They paid 45p. You would think that we be base for price.

[lefrene] 14/11/2018 16:13

So is that already baked into the price? Does NM have to deliver rather more than "double forecast"? Presumably BHP think so.

[mam fach] 14/11/2018 16:07

NM has said going to be double forecast.

[5070481] 14/11/2018 15:31

The mre, 12 months later and thousands of km mine, should be bigger. I would hope so!

[mam fach] 14/11/2018 14:05

Not overly optimistic are they.
Erring on the side of caution.

[mam fach] 14/11/2018 12:22

Shocking. Another buying opportunity.

[lefrene] 14/11/2018 10:44

I wonder what "other sources of funding" they had in mind? Straight forward borrowings or a rights issue? Both of which would have driven down the sp, so NM in my view made the best deal. BHP of course are also canny, their recent buy in says they want a slice of the action but were unwilling to buy in the market since the size of their stake would have driven the price rather higher than the 45p paid.

35.5p beckons to fill that gap, and the waiting for somebody to blink carries on.

[goldrush] 14/11/2018 10:03

pob69

Many thanks for note.

Demonstrates what a great project we are involved in.

Particularly liked the slide which shows SOLG becoming a mid tier copper/gold player.

[pob69] 14/11/2018 09:32

Interesting couple of snippets in latest Hannan & Partners note on $SOLG.L Solgold $SOLG #ECUADOR $CGP

"We therefore believe SolGold remains on track to deliver a significant increase within its second Alpala MRE over the coming weeks. However, the earlier than expected data cut-off may mean a doubling in contained metal, which we postulated in our initiation, may be not be achieved until the outstanding assays are incorporated into a subsequent, third MRE."

"While we believe other sources of funding would have been
available to SolGold, the proceeds from BHP also leave the company well
placed to plan its 2019 drilling campaign..."

"We continue to see significant upside potential to SolGold shares, which
currently trade at a ~52% discount to our Jun’19E PT of 80p/sh, based on 0.9x
our conceptual DCF for Alpala."

[arcadian] 14/11/2018 09:20

The long term value of the assets renders the short term fretting over the share price somewhat pointless as exemplified by the not too distant gradual decline of the share price to c. 20p.

[5070481] 14/11/2018 09:11

SOLG languished below the orignal Newcrest price for months/a year. Long term price action is very different to the short and medium term.

[onedb1] 14/11/2018 08:58

Very weird here lol . 10p sub BHP purchase price . Wondering if those selling are selling at a loss now ...

[onedayrodders] 14/11/2018 08:58

I had to open my big mouth didn't I :0/

[5070481] 14/11/2018 08:56

PIcked som eup on gap close

[trewinney] 14/11/2018 08:55

Sidarthur,No I have sold out.

[5070481] 14/11/2018 08:42

Have a look at the bloodbath in the wider market. THere are a lot of people heavily exposed that have been reducing positions. Sell side pressure. Not many are feeling particulalrly keen right now to be buying so demand has dried up. Miners with their thirst for cash are never deeme3d defensive stocks so get hit. Its not just the bad compnies that people sell when times get tough

[sidarthur2] 14/11/2018 07:52

Do you hold any?

[trewinney] 13/11/2018 18:49

The problem here is the huge number of shares issued,

[zeusfurla] 13/11/2018 18:48

Jason Zweig of Wall St Journal said once - 99% of the time the right thing to do is nothing. I think this is one of those times! Patience required. Plenty of positives, broker reviews and good target prices. BHP interested. I'm holding and expecting big news in next 2-3 months.

[mam fach] 13/11/2018 18:22

Another theory we are looking @ this share with rose tinted glasses.
Not one i subscribe to.

[onedayrodders] 13/11/2018 17:57

For whatever reason seems we are anchored in a range 37-39p

[alwaysevolving] 13/11/2018 14:15

Can someone explain the logic of now being below opening price despite another cracking RNS?! Crazy.

This really doesn’t want to take that 40p out does it? I think those warrants at 40p (and 60p) have something to do with the price action?

[noccer] 13/11/2018 14:14

Zeusfurla - I would have thought SOLG selling majority control of ENSA would be more sensible, giving SOLG a large wad of cash to explore their other prospects, and maybe leaving them with a share in ENSA too. Maybe its the reason they set up all these subsudiary companies, though it could be a local requirement.

mknight - Hole 64 has bornite, which I think is interpreted by geologists as being a core feature of a Cu porphyry system, so maybe a second system due to where they found it. Like I say - its significant to a geologist. Whether it means a lot more copper remains to be seen, but its clear they want to follow this up with more drills. Its this sort of reaction that suggests to me that these people are exploration geologists, and if they want to operate a mine, its just so they can fund doing more geology. If a major does take all of SOLG, then they should use them as an exploration arm of their company. But if they are getting all of their prospects, as well as Alpala, and all that expertise too (assuming they can keep it), then thats expensive.