Solgold Share Discussion Threads

[onedayrodders] 06/6/2019 09:57

good point

[zcaprd7] 06/6/2019 09:52

Slight change in tone methinks... Less gung-ho I reckon, more respectful and less arrogant.

[onedayrodders] 06/6/2019 09:48

as you were then for now ... no change in status and just a reiteration from NM

[chumbo1] 06/6/2019 09:35

6 June 2019 SolGold plc("SolGold" or the "Company") Court Hearing and New Mining Policy Further to the announcement on 30 May 2019, SolGold confirms that submissions for a public hearing were received and heard in the Ecuadorean Constitutional Court yesterday regarding the proposed referendum on mining in the provinces in which SolGold's 85% owned Cascabel project and other wholly owned exploration projects are located. Representatives from a large number of Ecuadorean government bodies, employees, regional community representatives, pro-mining groups, international mining groups as well as members of the community from Cascabel attended the hearing to demonstrate their strong opposition to the proposal. The Court heard arguments from many interested parties with the great majority opposing the proposed referendum. The Court subsequently adjourned and is expected to deliver its verdict by 24 June 2019. SolGold will provide a further update to the market in due course. Furthermore, SolGold is pleased to note that the Vice President of the Republic of Ecuador, Otto Sonnenholzner, earlier this week launched a new Mining Policy for the country. The policy has six limbs, seven strategic objectives and seven public policies, all designed to strengthen investment and increase production in the mining sector as well as setting out a framework for environmental and social sustainability. The Vice President noted that the Government is supportive of the mining industry and described the sector as a fundamental axis of the country's economy. The Cascabel project is a key project in Ecuador's developing mining industry and a critical driver for the future of Ecuador's economy in the view of the government. SolGold continues to receive full and objective support from the Ecuadorean government. SolGold recently announced findings from its Preliminary Economic Assessment (PEA) for the Alpala deposit in the Cascabel project in Northern Ecuador. The project indicated approximately US$17bn (at US$3.30/lb copper price and US$1,300oz gold price) in taxes, royalties and profit shares to the government and peoples of Ecuador. SolGold is committed to building an integrated explorer, appraiser and miner in the copper industry in Ecuador, and enjoys the support of its major shareholders, including Newcrest and BHP. The Company currently employs approximately 500 Ecuadoreans, and its staff is 97% Ecuadorean. The project will provide substantial and ongoing support for local, and a variety of, Ecuadorean industries and companies, and provide a platform for growth in the GDP of Ecuador. SolGold aims to replicate this project on other locations throughout the country as part of its plan to create a multigenerational company in Ecuador. We

[1garythomas] 06/6/2019 08:27

Wasnt thtown out then as people were hoping, tin hats on again guys.

[pob69] 06/6/2019 08:05

Here are several informative links to the Constitutional Court of Ecuador session yesterday of interest for Cascabel Solgold $SOLG $SOLG.L $CGP #ecuador

The deadline for people or organizations that did not contribute during the session will be able to present their papers on the subject in writing until close of play tomorrow afterwhich time the Constitutional Court will have 5 days to present its opinion on the legality and constitutionality of the question .

[mknight] 05/6/2019 20:55

Had a listen and as i donot know the legal terms it is imposible for me to come to any conclusiones.

I guess we will year the judges news when they have studied the arguments

[mknight] 05/6/2019 18:39

Pob69

What time does the CC start as i thought i Would have a listen in .

[mam fach] 05/6/2019 16:52

Of course it is.
We all hope that mining will be done in an environmentally friendly manner.
That prosperity can be brought to the country and it's inhabitants.
It does seem that SOLG are doing this responsibly.
IMHO

[lefrene] 05/6/2019 16:26

It's still an unknown mam fach, although it seems hopeful that after due process this dubious challenge will get kicked into the long grass. This is a risky investment, but one hopes the eventual rewards will justify it.

[mam fach] 05/6/2019 16:04

So true. Court case been exaggerated out of all proportion.
But it will serve to clear the air and set boundaries.
Nice to see recovery in price today.

[lefrene] 05/6/2019 15:50

mam fach, that was the whole point of my jest.

Mind you if all the metals that Solg is sat on across 72 prospects were similar to Cascabel and could be turned to money, I believe there's something like a potential $500 billion to $1 trillion there. Just 3% of $500 billion is $15 billion, divided by 2 billion shares is $7.5! Never going to happen, well not this century anyway! But if one of those big hitters bought out Solg for $5 billion they would have a steal and not need to go looking elsewhere for their gold and copper for a century.

Perhaps this court case will lead to improved legislation to underpin the huge investments needed in mining. You can't and won't invest $ billions if disgruntled locals have the power to destroy your investment over personal grudges.

[mam fach] 05/6/2019 15:42

Come now. You wouldn't top up @ £5 you'd be selling all your shares.
Let's be honest we would all be selling - or maybe top slicing anyway.

[trev1223] 05/6/2019 15:41

13:00 local time in Quito, is 18:00 UK if anyone is interested.

[pob69] 05/6/2019 15:27

Coverage of the Constitutional Court of Ecuador sessions are often on streamed live either on video or radio.

The proceedings of interest for Cascabel Solgold $SOLG $SOLG.L $CGP #ecuador case 0002-19-CP will be heard by Justice Agustin Grijalva from 13:00 Ecuadorian time. London markets will be closed and I don't speak Spanish but maybe someone will be keen to watch/listen?

[lefrene] 05/6/2019 13:41

I would much prefer the opportunity to 'top up' at £5 :¬)

[mam fach] 05/6/2019 13:36

Things are looking brighter.
Well done if you managed to top up @ 25p.
Dare I say you might not get the opportunity again.

[mknight] 05/6/2019 13:28

Gold going crazy

I think peeps what to buy this share .

How could NM only value gold at 1300.

[onedayrodders] 05/6/2019 09:55

sharing with Pamela Ewing

[dmitribollokov] 05/6/2019 09:15

The old support at 35 now the resistance. Get through that and we'll all feel like Bobby Ewing in the shower...

[alwaysevolving] 05/6/2019 08:59

Yep shorts getting burned this morning Dmitri!

[dmitribollokov] 05/6/2019 08:53

and now the short squeeze...

[billthebank] 05/6/2019 08:51

Really strong. More positive news today and this could breach 40p this week.Way oversold IMO