Solgold Share Discussion Threads

[mknight] 05/2/2019 15:54

So in that case as I said before if the price of gold was 100 dollars an oz and copper at 1.00 would solgold,s value be what is is today ?

Your answer will not be yes ..

Please give a straight answer yes or no .

[trev1223] 05/2/2019 15:27

mkknight: "we are mining for copper and gold"
We are not mining anything, we are in the process of exploration. When we do start mining then the commodity prices will be relevant.

[mknight] 05/2/2019 13:30

Disagree again .

We are mining for copper and gold the more price goes up the more value we have . Same as the PEA the cheaper it comes in the more profits we can make from mining.

Most companies will give 3 expectations

GOLD HIGH 1400
,, MID 1300
.. LOW 1200


COPPER HIGH 310
.. MID 280
.. LOW 250

So if the gold and copper prices were lower the guide h/m/l would indicate Lower profits . Thus it is very important the copper and gold prices are at a good level .

It will also help with funding the project .

[trev1223] 05/2/2019 13:05

Bang-on, Jerry

[jerryspaniel] 05/2/2019 12:52

I am not sure that the rising px of Cu and Au have any more +ve effect on the share price than the dam spill has -ve.

[arcadian] 05/2/2019 11:58

Copper at $2.8 is good but we have also the flattering attention of those who want to constrain the share price I don`t have enough risk capital to counter their
antics but in the longer term reality will out.

[mam fach] 05/2/2019 11:28

Think we are heading for next leg up.
Definitely activities behind the scenes.
Can't be long now.

[noccer] 05/2/2019 09:44

I dont know about Newcrest-Cornerstone, but SOLG has first right of refusal over the Cornerstone holding in ENSA. I just had a look on the SOLG filings on SEDAR - and the annual information form covers all the agreements - and is a chunk of complex reading, but I have other things to do, and happy to hold onto my shares.

[mknight] 05/2/2019 09:13

Looks like peeps takin positions ahead of PEA.

[mad foetus] 05/2/2019 07:46

That was what pob69s link from a few days ago said IIRC

[mknight] 05/2/2019 07:44

Not sure if Newcrest is locked in to an agreement which says it cannot buy cornerstone until September this year .

If someone knows please post.

[lefrene] 05/2/2019 07:01

I hadn't realised that Newcrest has other involvements with Cornerstone Group. Would it suit Newcrest to buy them out? Is the move by Solg moving towards an end game?

[arcadian] 04/2/2019 20:29

Copper almost $2.8 and seems to be gaining ground.

[mknight] 04/2/2019 15:42

Not many posts today so I will keep you up with what happened today .


We went down early and slowly climed during the day finally getting back to evens for the day at around 3.36.

Looks like we will finish up .

[sidarthur2] 03/2/2019 12:55

lol - where do these idiotic myths come from?

[virenvit] 02/2/2019 10:51

Trade of '1' share gone through yesterday, does that mean RNS logged for Monday?

[lefrene] 02/2/2019 00:21

Thanks again pob69, highly informative.

[pob69] 01/2/2019 20:43

Chris Temple of the National Investor's comments. $SOLG SolGold $SOLG.L (with interest to $CGP) #ecuador.

[mknight] 01/2/2019 19:24

Those guys on the lse thread are really good . Most sold out at the top yesterday and most bought back in today at the bottom.

[pob69] 01/2/2019 10:11

Hannam and Partner's comments on proposed offer $SOLG SolGold $SOLG.L (with interest to $CGP) #ecuador. SolGold has retained Hannam & Partners and Cormark Securities Inc. as its financial advisors in connection with the Offer so even those who don't think much of Red Cloud should find interest in this.

[lefrene] 01/2/2019 09:30

ob69, thank you for posting that item.

[pob69] 01/2/2019 07:51

Red Clouds's comments $SOLG SolGold $SOLG.L (with interest to $CGP) #ecuador

SolGold Targets 100% Interest in Cascabel
Impact: Mildly Positive

SolGold has announced its intention to make an offer to acquire all the outstanding common shares of Cornerstone Capital Resources (TSXV:CGP), the 15% owner of SolGold’s flagship Cascabel Project. We view this all-share transaction as a sensible and logical step forward, as consolidated ownership puts the shareholders of both companies in the best position to optimize the value of the world-class Alpala Deposit as would be suitors come calling.

Highlights:
Offer looks attractive; when you investigate the details. SolGold intends to offer 0.55 SolGold shares for every Cornerstone share, representing an 18% premium to yesterday’s close and valuing Cornerstone at ~US$170M. While at first this may appear to undervalue Cornerstone, the details suggest otherwise. Cornerstone’s passive 15% interest is debt-carried, such that the anticipated US$200M in expenditures prior to the completion of a feasibility study is repaid out of project cash flows. Post feasibility, we estimate Cornerstone would need to pay ~US$500M prior to first cash flow, which could be highly dilutive. If Cornerstone elects not to fund its pro-rata share it would eventually dilute to a 0.5% NSR, which SolGold can fully acquire for US$3.5M. We highlight that Cornerstone’s shareholders would also be getting exposure to SolGold’s exploration projects, which we value at US$150M.
Smart strategic move for SolGold. Should the transaction go through as outlined, our NAVPS estimate would increase by ~15%, particularly since SolGold would be purchasing 170M (~9%) of its own shares with the acquisition of Cornerstone. Additionally, the acquisition of Cornerstone eliminates the ability of would be suitors to get a stake in the project via Cornerstone, all would have to come through SolGold, likely increasing competitive tension, resulting in a higher price for the shareholders of the combined company.
First steps of what is expected to be a complex process. With two potential outside bidders with demonstrated interest in the project restricted (BHP until Oct-2020 and Newcrest until Oct-2019) and Cornerstone indicating that 50% of its share holders are not interested, it is likely to take several months for a transaction to be completed, if at all.

Valuation:
Estimates unchanged, but SolGold is still cheap. SolGold trades at 0.42x NAV, a discount to peers at 0.50x. Given the world class nature of the Alpala deposit and the interest from majors, 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 for Alpala (Q1/19).