Solgold Share Discussion Threads

[mknight] 21/5/2019 08:39

Garyrhomas

How can you say they will not get permits this year?

I would be amazed if they did not have them by the end of August.

[sogoesit] 21/5/2019 08:37

Mad Foetus: squids are slippery and damp; squibs are fiery ;-)!

[1garythomas] 21/5/2019 08:36

Look at the sells, no buys, just sell after sell, heading for placement and low 30s, no leadership, like a boat with no skipper, 50p take over price now, would look very good, no drilling permits, unlikely this year, wages to be paid for all these guys shortly with nothing to do.

[mknight] 21/5/2019 08:30

Permit news will help .

They need to get drilling ASAP so they can get the market excited again .

No doubt this is worth billions but short term it does not look good for the share price unless he can get an offer from one of the majors which could come at anytime .

For now i am out but will return after cornerstone is sorted and we have the drilling permits. Might have to pay more .

Not sure if NM undervalued the PEA to enable him to snap up cornerstone . He did not under value the price of copper at 3.30 against current prices .

[1garythomas] 21/5/2019 08:19

And a placement on the cards shortly, could be at about 30p this time around.

[dmitribollokov] 21/5/2019 08:11

Interesting 5070481. I disagree, think funding for a ~$4.5bn NPV project at 8% discount factor won't be that hard. Think we bounce today or tomorrow. That said it is a long time to production, so without some takeover action or additional stake building, we aren't going to fair value overnight.

[1garythomas] 21/5/2019 08:09

Looks like 36p on its way now, glad i sold half my holding now at 40p, wish i had sold the lot, looks like low 30s on its way.

[1garythomas] 21/5/2019 07:42

And again no news, why oh why doesnt he release news build up a bit off momentum, PEA yesterday, has 5 monthe of drilling results that he is not releasing to the market, as the other regionals, they dont seem to have any idea of what they are doing, and no plan in place, need to get there finger out and get a good PR man on board.

[5070481] 21/5/2019 07:35

I have to admit Dimitri that I did actually think the PEA was bad. The numbers came in a chunk lower than I had been expecting. I wanted the numbers to show solgold could go it alone to force bhp or new Crest to pay up. Now I think they may need Gov't help to make finance viable and I have no way of knowing how likely this is.

Permits for me becomes a game changer as we can start ascribing value to the other sites

[onedayrodders] 20/5/2019 20:21

lefrene ... nice reminder .. and I turned away from the headlights but just saw enough to realize the road is longer than I thought.

[onedayrodders] 20/5/2019 17:40

I guess the hope here is myself and Nick are too old for 18-30 holidays so he will want a financial outcome sooner or later like anyone would.

You gotta have time and energy to spend your money

[mount teide] 20/5/2019 16:53

The average year of first production of the largest ten global copper mines is 1926 - and most of them are in the South American Andes.

Such is the potential of that region, it's a fairly safe bet that little will have changed by 2126, other than either Peru and Ecuador possibly overtaking Chile as the world's largest copper producer.

[1garythomas] 20/5/2019 16:22

Do you live on fantasy island, or have you knocked your head, are are saying 10poubds a share, what a complete idiot, you dont live in the real world, that would give solgold a market value of about 21 billion.lol

[lefrene] 20/5/2019 16:09

It's dead money until somebody makes a move towards extraction. So smaller holders will look for action elsewhere to work their money, since they've just been told that it's going to take until the end of 2020 for a full financial study to be completed. My guess is that the likes of Newcrest have a very good idea of what it will cost to mine, but the likes of Bankers will want lots of boxes ticked before their timorous jobsworths would consider taking on a risk.

So Solg has to plod towards pleasing Bankers, but in the meantime if metal prices rise there might be an offer from a miner. Plainly there's a huge resource to be had, quite possibly more than $500 billions worth of metal at todays prices, it just takes a confident operator who likes to take a long view, to step in and buy many decades worth of production. Solg in my view is definitely a prize worth having if you want to be in business for the next 200 years.

[mam fach] 20/5/2019 15:14

My thoughts exactly.
Would change investors perspective immediately.

[mad foetus] 20/5/2019 15:12

He needs to sell a bit of it.

[mam fach] 20/5/2019 14:55

Can't win with SOLG.
Enormity of discovery putting investors off.
NM saying he's taking it to production putting investors off.
If he said he was selling to highest bidder it would put investors off.
NM can't win either - yet!!

[lefrene] 20/5/2019 14:45

ODR, don't get caught in the lights, but go dizzy at the numbers. Solg are saying Alpala is worth a net $4.1 to $4,8 billion. They have another dozen similar prospects (perhaps better). So add say $48 billion to $4 billion and you get $52 billion! Divide by 2 billion shares and you get $26 a share :¬), or about £20 at current rates. I'll settle for £10 here and now please :¬)

I know it's a case of dream on, it's going to take many years, but that's the scale of the potential. The big hitters know it and NM knows it.

[onedayrodders] 20/5/2019 14:08

SP sort of reacting like a rabbit caught in headlights .. ie not sure what to do in the moment

[1garythomas] 20/5/2019 13:50

Am j missing somethink but solgold have put a value of whats in the ground at 4.5 billion or there abouts, with the cost to build the mine at 2 billion, our current market cap is 700 million, who would pay more than say 1 billion for solgold, with the cost of taking to production of over 2 billion, then the costs of getting it out of the ground, seems to me at the moment very expensive, and tbats why there has been no bids,

[sogoesit] 20/5/2019 13:38

Well, I am totally confounded by the lack of interest in the PEA.
A real damp squid.

[lefrene] 20/5/2019 13:14

mikalan, I too have held this way beyond good sense, and yet the discoveries of metal increase way beyond what was fist expected, but those discoveries are not currently valued by the rest of the market. It needs such a large amount of money to open the key to the chest of treasure. That first treasure chest will then finance the opening of all the other treasure chests.

Global politics seem to be affecting the value of metals just now, with the China-USA spat choking off copper, and Maduro in Venezuela selling hundreds of tons of gold into the market to keep his dictatorship going. These things do eventually come to an end, hopefully metal prices will then rise, and then perhaps some of the miners will be a bit keener to get their hands on some stock? It's a long game but FIAT currencies inevitably wither in value against intrinsic things.

[husbod] 20/5/2019 13:09

Mikalan - sounds just like ATYM, previously EMED. Loads of peeps buying prior to production, including me, and then many years of watching the share price slide, doing f all and then a new team took over, actual production started and finally the share price started to do what we all knew or at least hoped it would do.I've taken a precautionary position here just in case it's taken out but like ATYM I fully expect at least one fund raising, rights issue before we actually extract anything.