Solgold Share Discussion Threads

[shakester2] 17/11/2018 12:19

Some large late reported trades

[onedayrodders] 17/11/2018 09:05

No comment

[lefrene] 16/11/2018 12:56

onedb1, now you've done it, ODR will be along shortly to lament his 'pennant' comment again!

[onedb1] 16/11/2018 12:15

At least gap well and truly closed . Rebound from here .

[mam fach] 16/11/2018 12:13

More talk on lse.
Think we are the faithful band of followers of NM.
Fortunately that's more than Theresa May has.

[lefrene] 16/11/2018 12:00

The end game is that some entity will either buy the whole thing or Cascabel/Alpala, it's just the price we are waiting for, in the meantime it just gets gamed like everything else in the market. I wouldn't want to short it with the perpetual possibility of a buy out hanging over it.

[mam fach] 15/11/2018 22:38

Hope that isn't true.
But then we should be prepared for some disappointments on the way.
Loads of excellent news hasn't managed to raise price as we hoped.

[mknight] 15/11/2018 20:59

Its hole 64.

The company pumped it up but has produced very little .

[mam fach] 15/11/2018 20:09

Back to that red herring retracing to mid 20s.
I sound like a stuck record-
A buying opportunity.
Sorry I can't participate in another top up.
Only time will where share price is heading.

[zeusfurla] 15/11/2018 19:31

Whether we meet MRE x2 in December or not, the value is still there, capex has already been estimated by Hannam and mentioned in SOLG presentations. This is all short-term nonsense. I still think a bid is on the cards early 2019. No panic here.

[leopoldalcox] 15/11/2018 18:58

Too much was made of the bhp stake increase. 1. They should pay a premium to ensure value to Pis.2. Bhp putting 45m into this is the equivalent of me putting a fiver on at the bookies. It's not a major indication of faith.3. We know that the resource looks world class, but there is no proper cost projection for the highly risky block cave mining techniqueI'm not invested, but would like to be, despite the above. However, I can see this retracing to high 20s over the next 12-24 months unless there is some major news

[arcadian] 15/11/2018 18:56

Having commented on the fretting over the share price I have been reluctant to comment but it would be sensible for anyone intending to make bid, to arrange by whatever means for the share price to remain steady or fall. If it were me I would encourage sellers and arrange for the shares to be bought by a friend. I might even lend my existing shares so that the borrower could short sell. On a day when most miners gold metals etc rose, it just seems odd the SOLG fell 5%
.
Paranoia is a terrible affliction but I hope that they are out to get us.

PS
with Sterling falling any $ bid would be worth more in £

[kyoquot] 15/11/2018 18:27

Wouldn't be surprised if you get "another buying opportunity" in the twenty's mam fach.

[kyoquot] 15/11/2018 18:18

"I don't believe it !!!!!
Got to be shenanigans."

I guess those high grade drill results were a real nail in the coffin for the share price.

[mam fach] 15/11/2018 17:13

I don't believe it !!!!!
Got to be shenanigans.

[5070481] 15/11/2018 15:26

MRE is being released sometime in December. That is the next potential demand source for shares. Until then why would people buy? So supply is now greater than demand and price drops. Also easy conditions for shorters to have a bit of fun with the technical levels

[mikalan] 15/11/2018 14:44

1.6m Shares, hardly a stampede for the door.

[mknight] 15/11/2018 14:36

Panic

Doubts about NM x2

[onedayrodders] 15/11/2018 13:55

apologies for that outburst

[pob69] 15/11/2018 11:15

Annual Report 2018 (111 pages so plenty of useful material contained within) now available $SOLG.L SolGold $SOLG #ECUADOR

[noccer] 15/11/2018 10:37

Strange that RedCloud would quote holes 68 and 69 as evidence for increase in the resource estimate when SOLG has clearly stated that only holes 1 to 67 will be included in the next MRE. Maybe they are talking about the resource expansion after the next MRE.

Also strange that they say the amount of copper might double but the high grade core only increase by 50%. This implies the low grade part expanding by a much larger volume, maybe a factor of 3 or 4.

Strange wording too - when they say "as the company further defined controls of the high-grade mineralization at Alpala Central" do you think they meant to say "as the company further defined contours of the high-grade mineralization at Alpala Central".

I think they need to explain a bit more how they reach their conclusions.

Second porphyry at Alpala might be attractive but could be small or deep if not detected in their surveys, and missed until hole 64.

[mirabeau] 14/11/2018 20:25

SolGold Plc.

Technical Success Reveals Potential Alpala 2.0

Impact: Positive

-Ongoing exploration by SolGold continues to support our thesis that Alpala is likely to double with the resource update expected in Q4 2018. The technical success from hole 64 also supports our theory of a potential second porphyry adjacent to Alpala, further reflecting the world-class scale of Cascabel.

Highlights:

-Results support our view for a potential 50% increase of the high-grade core. We previously stated that the high-grade core was set to grow by 50% as the company further defined controls of the high-grade mineralization at Alpala Central. This is supported by hole 68 returning 664 m grading 1.53% CuEq, including 348m grading 2.25% CuEq, which intersected wide intercepts of high-grade mineralization (>1.5% CuEq cut-off) and is open at depth.

-Potential doubling of the overall resource. We continue to believe the resource is set to double with the pending Q4/18 update, which was reflected by hole 69 that was drilled in the Alpala West Limb and returned 852m grading 1.14% CuEq. A total of 82,400m has now been drilled since the last Mineral Resource Estimate in December 2018 and therefore further reflects the amount of successful exploration drilling has been completed for the pending update.

-A second Alpala deposit? Our estimates assume a 100% increase in the Alpala deposit but we have not accounted for the potential of an adjacent porphyry system. Hole 64 was drilled deep into the northwest target and returned 402m grading 0.65% CuEq of primary bornite mineralization, which is indicative of an additional porphyry core. Although a technical success, more drilling in this northwest sector towards Trivino needs to be done to confirm potential scale and grade.

Valuation:

-Technical success of hole supports meaningful upside in scope and scale of an already world class size project. In our view, this warrants premium valuation. We believe that the pending resource update and ongoing exploration success are likely to drive our base case NAVPS8% to C$1.30. SolGold trades at a premium to peers (0.51x NAV vs peers 0.35x) and we believe a further premium is warranted given the scarcity and scale of Cascabel and that willing suitors are ready to pounce. Upcoming catalysts: 1) Ongoing exploration, 2) Resource update (Q4/18) and 3) Maiden PEA (Q1/19).

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