Solgold Share Discussion Threads

[5070481] 28/11/2018 12:52

THey are confident of PEA early Q1. Lets not just ramp adn through our daft nyumbers. It will not be 90p after a PEA. It is preliminary and many of the economic advantages of teh site are already know and out there.

[dmitribollokov] 28/11/2018 12:51

The standstill agreement only pertains to hostile offer, it doesn't preclude them making an offer that isn't hostile...

[mirabeau] 28/11/2018 12:50

The Standstill Agreement's popped the bubble somewhat. The market was hyped up on expectations of a massive offer and then the BHP-SOLG agreement killed that dead so now it's back to waiting...I bet there's many more twists and turns here

A third party bidder would be nice but let's see what happens to :

1 - Cornerstone (CGP) - who's gonna swallow up our partner?
2 - the PEA for Alpala should put a real, commercial value on what we have at Alpala-Cascabel

[dmitribollokov] 28/11/2018 12:22

hxxp://www.redcloudks.com/rcks-events/solgold-exploration-update-live-webinar

Register here

[mam fach] 28/11/2018 12:01

My thoughts price should be 45p now.
With PEA 90p min.
We're all fellow travellers here with same objective.
Stay with it.

[mknight] 28/11/2018 11:25

How can we listen to the webinar and what time please .

[zeusfurla] 28/11/2018 11:18

Hi mam Looks like more than 50/50 for a PEA. I remember reading on another junior miner board (I suppose that's not us now!) a while back that a popular time for bids to appear is between MRE and PEA. The buyer MAY get a cheaper asset. We only need one bidder to start the conversation and I've said consistently that we are likely to have one in the next 2/3 months. I'm expecting a really positive webinar later today - well worth tuning in for.

[mam fach] 28/11/2018 11:12

Does anyone think we will have PEA announcement this year?
Doubt anything major will happen before this.
Happy to be proved wrong.

[bmnsa] 28/11/2018 10:05

Higher all the time :)

[mknight] 28/11/2018 09:54

Seems to me like the day traders have been selling down from 43ish .when they re enter some will get in cheaper and some will have to pay more.

[bmnsa] 28/11/2018 09:45

Rumbles from said volcano with flares showing this AM.

[mam fach] 28/11/2018 09:33

But you do feel the volcano is bubbling.
Eruption soon.
Have to keep the faith.
Been here long time.

[onedayrodders] 28/11/2018 08:57

Still treading water again today

:o/

[bmnsa] 28/11/2018 05:38

Bag as many as pos before the crowd arrives.

[bmnsa] 28/11/2018 05:33

TBH IMO we will be very rich in a very short time.Buy Out is being mentioned.Just keep adding on the QT.

[dmitribollokov] 27/11/2018 22:50

This is one of the most secure multibaggers in the mkt atm, it’s 10-20x a CEY, without the court case and with all of the copper...

[mirabeau] 27/11/2018 22:36

Yes, it's a matter of waiting and see what transpires. SOLG's assets can only get better

[mam fach] 27/11/2018 22:31

Agree with potential to literally double overnight.
This is my gut feeling too.
So, so under valued @ present.

[alwaysevolving] 27/11/2018 21:53

These articles just keep reading better and better!

Can’t see how one of these Majors won’t make a serious move on this Monster before very long.

With what we know this has the potential to literally double overnight with the right announcement. Simply just a matter of time IMO.

Good luck all.

[pob69] 27/11/2018 20:36

This tweet offers direct government thanks to $SOLG $SOLG.L $CGP

Ambassador Carlos Abad speaks about the opportunities of investing in #Ecuador for companies interested in sustainable mining and thanks @SolGold_plc for its commitment to the development of our country.

[mam fach] 27/11/2018 09:20

2 majors with stake in Solg take up all their entitlements.
It may be time for a third major to buy in.
Time for them to show their hands.
Need some more buying to move price.

[mirabeau] 27/11/2018 05:13

SolGold Plc

Newcrest Tops Up!

Impact: Mildly Positive

SolGold has announced that Newcrest Mining has exercised its top-up rights, to maintain 13.7% ownership in the company (Figure 1), which follows a strategic investment by BHP and a significant increase in the resource at the company’s flagship Cascabel project. This update aligns with our view that Alpala, within the wider Cascabel project, is a world-class deposit with scale potential that separates it from the pack and is receiving ongoing interest from majors. We highlight that we will be hosting a live webinar with Nick Mather, CEO of SolGold, on Wednesday, November 28th .

Highlights:

Largest predators still lurking. Newcrest Mining, Australia’s largest gold miner and block caving expert (Wafi-Golpu & Cadia East – Figure 2), has increased its stake in SolGold by purchasing an additional 6.71M shares pursuant to its top up rights under its original August 2016 share subscription agreement, which were priced at 37.14p (C$0.63/sh).

Competitive tension, which should provide a takeout premium. With two majors on its share register and others likely lurking in the background, we believe the eventual takeout of SolGold is likely to occur at a premium to historic multiples of 0.75x NAV or US$0.08/lb CuEq (Figure 3). A potential transaction is likely to be similar to the recent acquisition of Nevsun by Zijin Mining, as Timok and Alpala are very similar. That transaction was done at 1.25x NAV, implying a value of C$1.85/sh based on our estimates suggesting 185% from the last close of C$0.65/sh.

An exciting 2019 expected for SolGold. Besides the maiden PEA (expected in Q1/19) for Alpala, we are looking forward to ongoing exploration results, particularly from the northwest portions of the deposit, where early results imply the potential for a 2nd porphyry center.

Valuation:
Newcrest top-up highlights ongoing interest in Alpala. Solgold trades at 0.44x NAV, a slight premium to peers at 0.38x. Given the world class nature of the deposit, and the demonstrated interest of multiple majors, we believe we believe a 0.90x NAV multiple applied to our C$1.47 NAVPS estimate would be appropriate implying a value of C$1.32/share. Upcoming catalysts: 1) Ongoing exploration and 2) Maiden PEA (Q1/19).

end

[lefrene] 26/11/2018 18:56

As always alwaysevolving! talk is easy and cheap, the scribblers get to fill their column inches which is all that matters. I think this so called copper squeeze has been 'imminent' for the past two years at least! The recent price history of copper suggests that the 'squeeze' is a mythical beast. Perhaps as it's getting close to Christmas, someone could put on a show for NM, with the usual shouting out of "It's BEHIND you!", "the copper beast is BEHIND you", but of course NM never does see it until just after he's sold the farm. :¬)