Solgold Share Discussion Threads

[mikalan] 19/7/2019 08:21

I think everyone knows we are sat on a mega load of metal. This RNS reiterates that but is kind of what we'd expect from so much more drilling.

It's good news, just not earth shattering. Permits/Cornerstone/bids are needed I feel.

[dmitribollokov] 19/7/2019 08:19

Discovery of a previously unknown QD10 (Quartz Diorite) source intrusion at Alpala Northwest, intersected in Hole 86 (318m @ 0.67% CuEq incl. 100m @ 1.34% CuEq), highlights potential for further high grade resource extension as the 2019 drilling campaign continues.

The potential for resource extension in the Trivinio section of the deposit is bolstered by the Hole 93 intersection (862m @ 0.43% CuEq), 520m of which lies outside the existing Inferred Resource area.

Despite further drill testing of extensions, the Alpala North targets are still open to the north, as shown by Hole 75 intersection (1918m @ 0.53% CuEq), 288m of which lies outside the existing Inferred Resource area.


Read the bloody RNS you muppet. (Lol)

[mam fach] 19/7/2019 08:13

Nothing seems to shift share price any more.
You old solgers remember the days when RNS would make share price rocket.
Might even have taken us to the moon.
Back in the good old days!

[shabadi] 19/7/2019 08:07

Where does it say they have intercepted massive mid to high grades of Copper ?

lol

[mknight] 19/7/2019 08:02

Like i said many time now the largest Copper,Silver and Gold mine in the world . And still getting bigger .seems clear the 4.5 billion valuation is now nearer 6.0 billion .

[dmitribollokov] 19/7/2019 07:54

Full of mid to high grade copper shabadi, that’s how mining works...perhaps you should look at something like ASOS?

[goldrush] 19/7/2019 07:50

Getting much bigger ...

[shabadi] 19/7/2019 07:45

Intercept tons of dirt ?

[dmitribollokov] 19/7/2019 07:38

Some massive new intercepts there.

[chumbo1] 19/7/2019 07:03

RNS Number : 0506GSolGold PLC19 July 2019 19 July 2019SolGold plc("SolGold" or the "Company") Cascabel Exploration Update Cascabel Pre-Feasibility Work Program & Alpala Drilling Campaign The Board of SolGold (LSE and TSX code: SOLG) is pleased to provide an update on the work program and recent drilling at the Company's Cascabel Project in Northern Ecuador. Highlights: ØLarge additional tonnage targeted to be brought into Indicated category at Alpala Deposit due to an additional 68,354m of drilling now completed since the release of MRE#2. Over 201,930m of resource drilling now assayed ahead of the upcoming third Mineral Resource update (MRE#3) this year. ØResource extension drilling at Alpala Deposit continues targeting extensions to high-grade outliers peripheral to the main deposit. ØOngoing growth to the existing mineralised system and targeted increases to the resource base at Alpala continues at Alpala Northwest, Trivinio, Alpala North, and Alpala Southeast. ØGreater geological and structural understanding is identifying targets adjacent to main orebody, with drilling now targeting mineralisation at the newly identified Alpala Southwest area. ØCascabel drilling fleet expanding. A total of 15 drill rigs are expected to be active on the project by September 2019 as the Company bolsters its fleet, expediting the planned Alpala Deposit Pre-Feasibility Study (PFS). ØDrilling is focussed on continued resource extension and infill drilling along the Alpala trend as well as extensive geotechnical, hydrological, hydrogeological, metallurgical and petrophysical work. References to figures and tables relate to the version visible in PDF format by clicking the link below:http://www.rns-pdf.londonstockexchange.com/rns/0506G_1-2019-7-18.pdf

[1garythomas] 19/7/2019 06:06

Correct at least 7 years away from producing gold, so the price doesnt mean anything, and with general election now less than 16 months away, and an oposition party totally against mining and the vast majoroty of people against mining, will it ever go to production, i wouls say 30 percent chance.

[mknight] 18/7/2019 14:12

Yes fair post lowtrawler.

Sums up the current situation .

[alwaysevolving] 18/7/2019 13:53

Good post Lowtrawler. Very balanced viewpoint and right on the money I would say.

[lefrene] 18/7/2019 12:56

Well laid out reasoning there Lowtrawler, currently your 28p lower band looks more likely despite higher metal prices and the evident stance of the government in getting behind the mining industry.

[lowtrawler] 18/7/2019 12:29

There are 4 key drivers for the shareprice:1. Most importantly: political and execution risk. While the current government is supportive of mining, the opposition are not. Turmoil in Venezuela and Colombia is creating concern over the whole region. Coupled with the lack of local track record, infrastructure and how SOLG will fund through to Production, sentiment covering these issues will be the main price driver.2. The likelihood that a big player will make an offer for SOLG. The more likely this is, the higher will be the price. At the moment, the big players are unlikely to bid for a variety of reasons and so there is little price support from this driver.3. Newsflow from SOLG. As more test findings are published, progress is made and the path to production becomes clearer, it will create reassessment of prospects and shareprice. SOLG have been very quiet for a number of months and so little support has come from this direction.4. The price of metals. This will drive the long-term cash flows and ultimate value of the mines but is currently minor compared to the 3 drivers above.Short term, the only thing likely to significantly drive the shareprice is SOLG newsflow. Positive news will lead to price spikes before settling back to around current levels. Negative news will lead to a sustained price reduction.Any change in political sentiment is likely to be many years away and so anyone looking for a more immediate return is likely to be disappointed. It will probably be worth playing volatility in the price by selling a couple of days after good news and buying back in a few weeks later. However, you always risk missing out on the next big discovery or the probable takeover offer.This year, I can imagine spikes in the price to 40p plus but I believe the stable price will sit between 28p and 34p. In other words, on a short term basis, unless you are planning to trade the price volatility, returns will be minor compared to the risks being taken.On a mid-term basis, you can expect a takeover offer but this may not be as generous as you hope. I suspect that 60p would be the minimum and it may go up to 100p. A decent return commensurate with the risk but I think most of you would be disappointed at these levels.Long-term, if SOLG can fund through to production, avoid political pitfalls and become a big producer, I can see 300p plus as a realistic target. However, there will be a rollercoaster ride taking you there.I'm currently long on SOLG at an average price of just over 30p. My intention will be to play the volatility – selling above 40p and buying back in at 34p or less. I believe that political and regional sentiment is unlikely to drive the price much lower and so, while there is always a chance of a sustained price reduction, the balance of risk v reward is favourable.

[arcadian] 17/7/2019 18:37

At least it would appear that no one else knows anything significant at the moment.

[shakester2] 17/7/2019 16:22

Nope. Nor silver. Or copper..

[lefrene] 17/7/2019 15:59

Gold getting another lift, but Solg's nowt to do with gold, is it!

[alphapig] 17/7/2019 15:53

Whenever you can? That's pretty much all the time.

[rougepierre] 17/7/2019 14:24

still adding sub 30 whenever I can...

[lurker5] 17/7/2019 12:19

Hope Newcrest wasn't advising Rio on Oyu Tolgoi block caving !

[dmitribollokov] 17/7/2019 07:44

Meanwhile, over at ARCM...

[dmitribollokov] 17/7/2019 06:52

Yup it will do mck, just need them to work out what’s happening with cgp. It’s stopping all the other news from coming out.

[1garythomas] 17/7/2019 02:52

Looks like it going to test 28.5 again, those that have listened union jack oil up another 7.5 percent yesterday and 2 5 percent the day before, up 80% in just over 2 weeks, made to be made on the market, while better returns in the building society than solgold.

[mknight] 16/7/2019 21:06

Dmitri

News will come when NM is ready . The drills are still drilling proving up more and more every day .

When the news comes it will blow our socks off .imho