Solgold Share Discussion Threads

[onedayrodders] 22/5/2019 07:47

Another stock .. I mean !

[onedayrodders] 22/5/2019 07:47

Hmnn .. personally I too did not have a happy outcome with another stick that loaded up with "off take" agreements.Different resource, region etc so maybe apples v oranges but never did me any good there

[lurker5] 21/5/2019 19:12

Best for shareholders is to get Casc funded one way or another (Not via off-takes please. They rip off the equity holders) and spin it off as a separate co via in-specie shares to Solg holders. Otherwise Solg's need to fund other exploration will dilute Cascabel's per share value. That's probably why Cornerstone doesn't want more Solg shares.

[dmitribollokov] 21/5/2019 18:53

Interview with NM on brr media. Hope to have financing sorted through “a combination of debt, equity off, take agreements and forward sales, we are very confident that some of the strong funding interest we have at the moment will crystalise into firm deals and we aim to have the financing package in place by the time of the feasibility study in 2020.”

[onedayrodders] 21/5/2019 17:02

yep .. I never learn

:0/

[lefrene] 21/5/2019 16:13

ODR, perhaps, "Yippee it's gone red again", might work the magic? :¬)

[ianpuddifoot] 21/5/2019 13:53

1garythomas FILTERED

[onedayrodders] 21/5/2019 12:02

at least a little morale boosting blue today

[1garythomas] 21/5/2019 10:26

This guy yesterday on this website was forcasting 10pounds a share, and how he got there was, the value of each new site, x 12, x 4,5 billion which is the price solgold have put as the value of casabel, ok 8 years of drilling x 12 new sites, gives us nearly 100 years to drill all solgold new sites, cant wait.lol

[dmitribollokov] 21/5/2019 09:43

Yup I have him filtered already, nutjob.

5070481 - I think that's why the high DF, but think that once they are up and running pretty easy to refi that in the current credit mkt. FMGAU first financed at 10.625% (used to own a lot of the bond), that was in 2006 in a mkt with tighter spreads, albeit greater base rates. We all know what happened subsequently.

Ditto FMCN.

The rate they pay for the first round of debt financing isn't of huge concern to me (within reason), as they will be able to refi pretty quickly after they start producing. So I think applying the 8% DF to the life of the mine massively understates the NPV here.

[1garythomas] 21/5/2019 09:41

At least 7 years away if he takes this to production, 7 years, thats all, has been drilling casabel for nearly 8 years, in the mean time, BHP and newcrest are signing joint ventures all over equador, there is no plan in place, NM needs to step down.

[1garythomas] 21/5/2019 09:36

Mknight has sold up.lol, couldnt make it up.

[shabadi] 21/5/2019 09:23

1gt - good to hear your alternate view rather than the likes of mknight's silly predictions.

[1garythomas] 21/5/2019 09:20

Now private investors are saying wait till year end for MRE3, this is unbelievable, other forcasting 10pounds a share, all jam tomorrow, 40- 50p takeover price tops, if they are lucky.

[5070481] 21/5/2019 09:06

I would have garythomas on filter...
DMitri i agree they should be able to get funding no problem. The issue for me was simply at what rate.
I dont think the prospects for SOLG have changed much but simply the timeframe and I've had my money tied up long enough on this one. Hopefully when things change I'll be able to get back in a a reasonable price still.

I think the permit timeline on their presentation was Q3/Q4 this year.

[1garythomas] 21/5/2019 08:50

Sorry sunstone.

[1garythomas] 21/5/2019 08:47

They said q1 now they are hoping q2, they could have a few scout drills in this quarter, but you look at the company i think called sandstone took them 3 years for drilling permits, 3 years.

[dmitribollokov] 21/5/2019 08:45

coz he's a troll...

[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.