Solgold Share Discussion Threads

[mam fach] 04/3/2019 13:57

It's such a shame than price is stuck in a rut.
Should be 45ish before PEA.
Agree One thing is certain NM got better negotiating skills.
Also a better team player.
IMHO

[lefrene] 04/3/2019 13:39

Saucepan, I suspect that the PEA will not be released until we have more drill permits to enhance the company value. The danger with Solg is that it will get taken out too cheaply, though I suspect that NM has rather better negotiating skills than T May! I'd rather be kept in the dark a bit longer for the company to muster as much value as possible, than to show our hand too early.

[saucepan] 04/3/2019 13:27

I don't have access to the full 'Mining Journal' article. Can anyone confirm, please, whether it provides an updated quote from Nick Mather himself as to the timing of the PEA release?

I had thought that the last official guidance from the Company was that the PEA would be 'early February' - a deadline clearly missed.

Has there been any other statement as to expected release date?

[lefrene] 04/3/2019 13:06

We know Solg is of interest to the 'big boys' it seems like it's a Tier 1, but as Solg is not a producer but in fact a cash burning explorer then it remains a potentially cheap takeover prospect, however the big boys are perhaps a bit cautious these days and want Solg as de-risked as possible before muscling in. So that PEA as a minimum will have to see the light of day before knives are sharpened and the dust blown off the wallets.

If it's not the PEA that starts the game, then it could be a longer time frame as Solg flashes her knickers at the Canadian Banks to see who will back her.

[5070481] 04/3/2019 12:43

hxxps://www.miningnews.net/events-coverage/news/1357791/solgold-looks-to-be-next-bhp

I will be annoyed if it is next couple of months rather than next couple of weeks...

[5070481] 04/3/2019 12:07

4 weeks and we get a PEA. THen lets see where we are. Permit chat has been going on for months.

Quite an interesting watch and its take on Indian consumption.

[mknight] 04/3/2019 11:29

Not spreading to our share price thats for sure .

Gold taken a bit of a hit in the last 14 days now 1285

[arcadian] 04/3/2019 10:17

US-Chinese trade talks and the Chinese budget should help future world confidence and the demand for copper.

Talk on LSE of permit news soon.

[onedayrodders] 04/3/2019 09:02

Still in this range then .. thought we had uncoupled

[pob69] 04/3/2019 03:46

Of interest to $SOLG $SOLG.L #ecuador $CGP. Keith Barron of $ARU confirming start of scout drilling at PDAC

[pob69] 04/3/2019 01:59

Of interest to $SOLG $SOLG.L #ecuador $CGP fromn 1st March

30 Ecuadorian Organizations Write Open Letter to Cornerstone Capital Resources to Demand they Abandon their Activities and Leave their Communities

[mam fach] 03/3/2019 12:35

Exactly. Knowing money going directly to the people in need.
Donated some furniture to local charity last week.
Van came empty,we remarked on this and men said
we've just delivered furniture for nothing to someone who didn't have any.
That is true charity work in my book.

[sogoesit] 03/3/2019 12:23

Indeed, avoiding the greedy NGOs and "Charities"!

[mam fach] 03/3/2019 09:34

This is the way forward.
Supporting communities directly in a constructive way.
Seeing where the investment is spent.
Knowing it has been put to good use.
Hope Solg carries on being an ethical company.

[pob69] 02/3/2019 02:21

Promoted content by $SOLG $SOLG.L solgold but interesting nevertheless #ecuador $CGP

JV Article: Copper is the New Iron Ore, and Ecuador is the New Pilbara

[mknight] 01/3/2019 12:31

I am the reverse , i hope sterling rises so when i change it back into euros i will have made money . I am up 4 percent as exchanged at around 1.12 to the euro .

[arcadian] 01/3/2019 12:27

All of that is how I come to be flattered and baffled but I am a patient holder in the hope that if we do leave without a deal sterling will fall and the value of my holding will increase despite the stability of the SP

[mknight] 01/3/2019 12:03

Arcadian

Lets look at some of the options.

Buyer and sellers have been equal thus the price stays the same .

Someone wants to buy us and knows if the price is held back the company buying may well get a better price .

Lack of news flow so the share price just drifts.

Probably somewhere in the above lies the truth .

[arcadian] 01/3/2019 11:23

And yet someone works hard to keep us in this stable. I am both flattered and baffled.

[mikalan] 01/3/2019 08:44

All good stuff thanks pob

Well, it's now March. Should get PEA this month. Let's see where we are at end of month.

[pob69] 01/3/2019 06:43

Positive comment from Blackrock World Mining Fund Annual Results jusdt released $BRWM.L who are significant holders of $SOLG $SOLG.L #ecuador $CGP

LONGER-TERM INVESTMENTS
Since the bottom of the last down cycle, the Company has been building exposure to longer dated growth opportunities that have significant potential once the projects are derisked. We are pleased to report that a number of these delivered strong returns during the year.

....Outside of M&A, the Company has benefited from exploration success also. ...Another example is SolGold, an exciting copper exploration company in Ecuador. This is much earlier stage than Ero Copper but on the back of highly encouraging results two majors have built large positions on the share register which could easily accelerate returns for investors if the exploration drills continue to add to the resource potential.

[pob69] 01/3/2019 06:27

Interesting for $SOLG $SOLG.L $DGR.AX (who have Tribeca as investors and the qouted Fund Manager is on the DGR board as a NED, so calling their own book of course) #ecuador (and $CGP)

Rio urged to take the plunge into M&A after record cash splash
By Brad Thompson Feb 28, 2019 — 7.45pm

The time is ripe for Rio Tinto to use its soaring share price and strong balance sheet to make a major acquisition in copper, according to boutique fund manager Tribeca Investment Partners.

Tribeca portfolio manager Ben Cleary said Rio should consider coming in over the top of BHP and Newcrest and buy SolGold and its copper assets in Ecuador.

"This is one we have been watching and we think the asset is better off in Rio's hands," he said.

Rio Tinto chief executive Jean-Sebastien Jacques says the company won't rush into M&A to address external growth concerns.

Mr Cleary said a potential $1.5 billion tilt at SolGold looked like at obvious option for Rio.
"It is a massive block cave operation, 400,000 tonnes of copper production for the next 40 years, and we think Rio is the best underground block cave miner," he said.

Rio should also consider OZ Minerals and its Carrepateena copper and gold project in South Australia or a much more ambitious deal out of left field involving $US19 billion, New York Stock Exchange-listed Freeport-McMoran, according to the fund manager.

Under a deal unlikely to be considered by Rio given its cautious approach to acquisitions, Mr Cleary said Freeport's unwanted businesses could be sold off while Rio retained the copper assets.
The ideas and suggestions were coming thick and fast on Thursday as the market turned its attention in earnest to what some worry are Rio's somewhat limited growth options.

Rio chief executive Jean-Sebastien Jacques has made it clear the company is on the lookout for aquisitions but will set the bar very high.
"We have a watching brief, we have a very high threshold in relation to [mergers and acquisitions]," he said on Wednesday.
"Are we looking at opportunities? The answer is yes, but we are not going to rush in M&A ... it has to really create value for shareholders." ......etc