Solgold Share Discussion Threads

[mknight] 29/7/2019 08:18

The quicker we get funding sorted the quicker the share price can get somewhere near fair value . 15 rigs and the new appointment say we are ramping up for production

Will add a few more today .

Fast becoming one of the most undervalued stocks on the stockmarket .

[mknight] 29/7/2019 08:02

Everything says we are ramping up for production . The new guy will sort out the finances needed to get us to production quickly .

With a payback of only 3.6 years why not take it to production .

The share price certainly undervalues us x multiples it can be played with to allow cheap offers . Taking us to production is the best way of getting a fair value .

[dmitribollokov] 29/7/2019 07:57

So you mean like having “no deal” on the table in brexit...

Yeah i hope that’s what he’s doing, will be interesting to see this guy’s remuneration package - is it equity skewed. I’d rather we sold cascabel and moved on, but I actually think nick could want to take this to production now. He’s early 60s, he has the time and energy.

[paleje] 29/7/2019 07:46

I think NM wants the best deal possible be it production or sale. But those who've had experience selling businesses will know the best price is usually paid when the buyer has to make the running.

[dmitribollokov] 29/7/2019 07:32

NM wants to take this to production...

[metis20] 29/7/2019 07:16

From today's RNS

In regard to his appointment, Mr Hofmaier remarked:

"SolGold has developed a blueprint for the rapid and efficient discovery and appraisal of Ecuadorean copper gold porphyry projects. This position reflects the natural transition of the Company to become a major gold and copper miner. ...."

[1garythomas] 29/7/2019 06:06

Not replied been busy, i wouldnt say i hate NM but feel now that he has lost the plot, and no leadership at the top, why is he not giving out drilling results, whats happening with cornerstone, drilling permits, as i said wouldnt arrive till next year, regarding BHP they have spent pocket change, and equador again could be a problem within 16 months with general election, have hold solgold shares for many years, and there is better returns and alot more money to be made else were than solgold, sold out completly at 40 and 34.5, and invested in union jack and now have 6 million shares there, good luck to you guys, but feel that the money has been made in solgold from the 1p days.

[mknight] 26/7/2019 17:37

Alwaysevolving .

Yes i added again today under 30p . Not sure how long it will take for an offer to come forward . In the meantime the drills are turning and the value is rising . Most are thinking in a 20 percent increase for Mre3 i would say we may get over 30 percent . Another 150,000oz per year of gold.

Plus a better idea of where the better qrades are .

Dimitri said 3 billion is peanuts and he is so right . We may recover our monies in less than 3 years when all the drilling is done .

[alwaysevolving] 26/7/2019 17:03

Well, let’s hope so eh Mknight! You would think at some point someone can see the vast future value here and would want it for themselves wouldn’t you?

[mknight] 26/7/2019 16:38

Another day nearer to takeover .

[mknight] 26/7/2019 16:12

So no replies from Gary .

Shame

[mknight] 26/7/2019 15:36

Gary if the contents of the article from pob69 are true do you not think this gives SOlgold an extra 6 months to a year extended advantage over the competition.

[mknight] 26/7/2019 15:24

Gary BHP have made many investments in Ecuador after purchasing solg at .45p. Do you think they would have made these if they thought they couldnot mine ?

[mknight] 26/7/2019 15:10

Thats not an explanation Gary . You hate NM . Why is that ? What has he done to you ?

Maybe you would feel better if you told the BB why ?

[rougepierre] 26/7/2019 15:02

Just filter him...its so peaceful on here without his drivel...

[1garythomas] 26/7/2019 14:54

Giving a balanced view, did own solgold shares for over 6 years since the 3p days, have made my money, people same to fall in love with this stock, when theres money to be made else were, like union jack oil, 85% in 3 weeks, sonethink as a solgold share holder, you can only dream about, and just the start for union jack another 300% before xmas, make my wards, share of the year.

[alwaysevolving] 26/7/2019 14:49

Probably because he wants to own it again Mknight and trying desperately to talk it down as low as possible at everyone else’s expense so he gets as low a buy as possible? Not the nicest way to do business but think that approach is a waste of time and energy anyway personally.

Best just ignored. I’m sure we are all very happy for Gary that he is doing so well elsewhere. No real reason to come here to gloat that we aren’t currently. Says a lot about a man that sort of thing.

[mknight] 26/7/2019 14:34

Gary.

You dont own solgold so why do you come on here deramping the stock nearly everyday .

[1garythomas] 26/7/2019 14:15

And in the mean time told you guys to sell up in solgold and invest in union jack, 3 weeks ago, now up 85% in 3 weeks, the share of the year, and alot more to go, better returns in your local building society than solgold.

[dmitribollokov] 26/7/2019 14:05

Yep that’s what I’m looking at mck.

[1garythomas] 26/7/2019 14:04

Then you need to ask yourselves why didnt they had to there precentage, as according to the standstill agreement they could have added upto another 30 million shares, or there abouts, but havent, why, because of equador, general election within 16 months, and a oppostion party totally against mining, and the vast majority of people living in equador against mining.

[mknight] 26/7/2019 14:02

Higher highs and higher lows .

[1garythomas] 26/7/2019 13:50

They also bought at 26p, and thats when they purchased the most shares at 26p, 6%, so dont get carried away, there average is about 31p, as i said earlier in the week, and was shouted down, charts suggest 28.5 test before moving higher or lower.

[ntbb] 26/7/2019 11:00

It's worth reminding ourselves and newbies, bhp has paid 45p a share and we can buy at about 30p a share! That is a bargain



BHP Billiton Raises Stake in Copper Explorer SolGold

Intraday Solgold Chart

15/10/2018 11:46pmDow Jones News

   By Rhiannon Hoyle 

SYDNEY--BHP Billiton Ltd. (BHP.AU) said it will almost double its stake in copper explorer SolGold PLC (SOLG.LN) as the world's largest mining company seeks to boost its exposure to a metal used in everything from smartphones and electric vehicles to air conditioners.

BHP, which last month bought a roughly 6% interest in the company that runs the Cascabel copper and gold project in Ecuador, said on Tuesday it will raise its stake to a little over 11% via a private placement under which SolGold will issue 100 million shares to BHP.

"Ecuador is a highly prospective region for the next generation of copper supply," BHP President Minerals Americas Danny Malchuk said in a statement.

BHP and other global miners have been racing to increase bets on copper amid expectations demand for electric vehicles and consumer products in China will spark a boom in demand and prices for the metal.

BHP said it will pay 45 pence per share--or 45 million pounds (US$59 million) for the stake--which is a 32% premium to the 20-day volume-weighted average on London's stock exchange. It is also pricier than the 26.592 a share BHP spent last month to buy its initial 103-million-share interest from Guyana Goldfields Inc.

Under the latest agreement, BHP has the right to nominate one director to SolGold's board although has agreed not to acquire further shares for two years without the company's consent.

"This additional investment in SolGold strengthens our strategic position in the Cascabel copper exploration project, and is consistent with BHP's strategy to replenish our copper resource base and grow the business," said Mr. Malchuk.

SolGold in 2016 rejected an offer from BHP to invest in the company and develop its flagship Cascabel project, instead picking a competing investment by Australia-based Newcrest Mining Ltd. (NCM.AU) and Maxit Capital LP.