Solgold Share Discussion Threads

[mam fach] 11/3/2019 16:43

That reminds me of the saying 'which came first the chicken or the egg'.

[sogoesit] 11/3/2019 15:49

Or, to quote Jesse Livermore, "A stock is never too high to buy, nor too low to sell".

[mam fach] 11/3/2019 15:35

Agree about busier threads.
This has been a very civilised BB.
Many long term holders voicing genuine opinions.
You know what I always say- still time to buy.
GLA

[mknight] 11/3/2019 14:37

Well looks like news tomorrow as the market has suddenly shot up .

Probably an answer to cornerstone

[5070481] 11/3/2019 14:26

DOnt think anything relating to conernestone has been held back. Only thing they have is the PEA and that is end of Q1 so still a bit to go. I actually agree with that aspect of Cornerstones defence that SOLG do have a habit of over promising on timescales.

[mknight] 11/3/2019 14:19

Not sure what NM is paying at but if the held back news was not good why Would he want to buy cornerstone.

[5070481] 11/3/2019 14:05

I try to steer clear of the busier threads. ONe of my warning signs. Quiet threads and companies that deliver on what they say rather than pie in the sky dreamers that the rampers can get hold of.

[mam fach] 11/3/2019 13:28

Very true. Solg was a blue sky stock once.
Plenty of new blue sky stocks being tipped.
Not quite sure what to make of them Matd ,Mtph & Rmp.
Rmp having a ramping frenzy.

[5070481] 11/3/2019 13:15

NOthing wrong with having a slow mover in the portfolio as a long term hold so long as you have plenty of free cash to benefit form faster moving ones as well. INvariably the bigger money is made buying and holding but those generating cahs may be the safer ones rather than pure explorers.

[mam fach] 11/3/2019 12:47

Been real test of faith holding on to Solg.
Might as well hang on now.

[5070481] 11/3/2019 11:42

LArge holding in ARS which certinaly short term seems to have several interesting drivers. More detailed chat on the ARS board but well worth researching.

[goldrush] 11/3/2019 08:44

Courtesy of someuwin on ARS Thread:-

someuwin11 Mar '19 - 08:24 - 19359 of 19359
0 5 0
Liberum note...

SOLG LN | ARS LN | 8 March 2019^

The value case for greenfield copper

Following a results season where the major mining companies proudly paraded their copper credentials, including Rio and BHP uncharacteristically drawing attention to early stage discoveries at Winu and the Stuart Shelf, industry attention on copper development opportunities has never been greater.

Despite this, domestically listed greenfield exploration appears to have slipped largely under the radar of UK institutions. In London, we believe we have the two most exciting pure play greenfield copper developments in the l listed sphere, SolGold (BUY, TP 72p) and Asiamet (BUY, TP 18p). Excluding Ivanhoe's enormous Kamoa Kakula discovery in the DRC, there are no other listed exploration companies globally with copper assets that are both larger and higher grade.

Both of these stocks offer potential for returns in excess of 100% in the near-term from third party bid/financing developments and/or further discoveries. In this note we draw attention to the valuation arbitrage between producers and developers which we believe will drive third parties to finance or bid for these companies on attractive terms. The combination of a universally bullish outlook for copper among major miners, the best balance sheets in over a decade and the scarcity of listed businesses with open registers and world class copper assets drives our optimism in this space.

The exploration landscape: SolGold and Asiamet stand out globally.

Of the publicly listed companies globally that offer pure exposure to greenfield copper projects, none have assets that are both larger and higher grade than SolGold's Alpala and Asiamet's Beutong...

For full note see Research tree.

[arcadian] 08/3/2019 18:15

Can`t blame CGP for turning the offer down. We all believe that Solg shares are worth far more than the current Sp and more than the price paid by BHP so why not wait like the rest of us for some outfit to add to its gold / copper reserves and pay what the assets are worth..

[goldrush] 08/3/2019 16:17

Pob69

Many thanks for the CGP document....Definitely no love lost between them and NM.

Strong comments about delays on releasing results etc....implying that NM does not want the scale of resources to be known at this stage....and the possible corporate action to commence

Also implying that NM is not transparent in issuing shares to himself and cronies....to control the project and direction....

Corporate action cannot be far away....Imagine if Barrick jumped into the fray now via CGP.....IMHO

[arcadian] 08/3/2019 15:52

Am I right in thinking that NM has offered c.the price paid by BHP?

[jlondon] 08/3/2019 15:45

From the CGP announcement, a few interesting points:

1)"Precedent transactions with assets of LOWER grade and SMALLER size represent an implied VALUATION of approximately $0.07c per copper equivalent resource pound."

2)"..enhancing transactions with 3rd parties such as BHP...."

3)"...in excess of C89c." [Based on the 45p BHP paid for Solg shares etc etc]

4)PEA is "material."

Comment:
No 1 is the known M & A metric in the market in general.
No 2 is interesting in that it appears that CGP considers BHP as suitable to sell to?
No 3 means that the premium is a further 200% approximately to last proposed offer?
No4-someone posted that PEA does not make much difference to the Solg share price etc. From the said announcement by CGP, it is common knowledge that PEA is "material."

Fri, 8 Mar 2019

[mknight] 08/3/2019 14:10

Nice to see gold back over 1300

[mknight] 08/3/2019 12:24

Pob69

Looks like q1 to me . Not seen evidence that is changed to q2 .Not sure why it makes that much difference as the offer is for Solgold shares which would rise if the PEA is better than the market expects .

[mam fach] 08/3/2019 12:05

As impressive as presentation is nothing lifts share price.

[shabadi] 08/3/2019 11:48

And until they release it they have insider knowledge.

[pob69] 08/3/2019 11:41

Slide 8 of the most recent $SOLG.L $SOLG Solgold March presentation which was probably presented at PDAC shows that the PEA is clearly due at the end of Q1 #ecuador

Oddly, $CGP suggests this is not the case in their latest response;

"...late on releasing the preliminary economic assessment for Cascabel which was originally expected in January 2019, then Q1 2019 and now the most recent SolGold presentation is suggesting Q2 2019..."

[shabadi] 08/3/2019 11:00

They can't up the offer.

[mknight] 08/3/2019 10:51

5070481.

If they say approx 59 percent it maybe less .

I guess NM may up the offer to .65 which may swing it .

[shabadi] 08/3/2019 10:50

Well as far as I can see all very damming and this takeover is going nowhere.

I do wonder how SOLG can make a bid when they have insider knowledge.

[5070481] 08/3/2019 10:29

Presumably they havent approached all 100 shareholders but simply the biggest ones so the 59% may be just 59% of about 70% of total stock. We may need to persuade a few more than just 10% onto our side. It was an opening salvo though. NO one accepts the first bid. We wouldnt if BHP came in for a takeover of SOLG. You'd want to see who offered more.