Solgold Share Discussion Threads

[mknight] 14/8/2019 18:37

Lunus1

Peel Hunt was appointed corporate broker of the 6th of this month and issued a brokers note with a valuation of 70p .

How long before they raise funds and what type ?

My guess is anyday soon we will get to know.

[lunus1] 14/8/2019 17:45

My understanding is that the government see this as a key project in getting mining to 4% of GDP, and they have split mining from under the umbrella of Oil and Gas and set up a new section. Again my understanding is that the government are adopting the successful models of Peru and Chile, therefore taking mining out of political control thus giving continuity to investors, regardless of who’s in power.
Furthermore, these referendums have been brought where there has been no consultation with locals on the areas to be mined. My understanding is that we have done all the consultations efficiently and effectively, so I see no issues other than funding to be sorted. Sitting on (hopefully) some of the biggest resources ever found, I can’t see this as a problem either.
My prediction is come the end of October we’ll all be smiling and come April we’ll be laughing.

[alwaysevolving] 14/8/2019 15:33

Shabadi, respectfully I never said you had been rude to anyone. I was just stating that I find it hard to understand why individuals who don’t hold stock would waste their time posting on a public BB without an agenda.

Personally, I never filter anyone.

[shabadi] 14/8/2019 15:09

alwaysevolving - because it's a discussion board and I was giving my opinion. Not being rude to anyone just stating my thoughts. I have held these recently but sold out and may well purchase again in the future.

Guys - please feel free to filter me, not a problem.

[alwaysevolving] 14/8/2019 13:58

Meanwhile, Gold shrugs off yesterday’s pullback and continues its steady rise north which certainly can’t hurt prospects here going forwards.

[alwaysevolving] 14/8/2019 13:44

I agree with you Mknight. There is certainly an agenda behind these negative posts. If a poster doesn’t hold stock why spend time making multiple negative and repetitive posts on a BB without good reason or if they have nothing to gain?

[mknight] 14/8/2019 13:25

Lefrene

I agree the filter is a good option but i prefer to reply to them as they are here for a reason and it is certainly not to encourage buying in Solgold .if you deramp enough some of it sticks .

[lefrene] 14/8/2019 13:18

mknight, I filtered him and the other one, either they are trolls or hired FUD merchants.

[mknight] 14/8/2019 13:10

Nice 2 x 500.000 buys at 27.50.

[shabadi] 14/8/2019 12:36

That legal challenge was quashed due to vague wording, but that doesn't stop another attempt. Indeed I believe there is already another challenge in a different region underway.

[lefrene] 14/8/2019 12:30

The likes of BHP is not a maverick gambler, they will do thorough due diligence and have a strategy, quite likely somebody has their career staked on bringing Solg to fruition.

[alwaysevolving] 14/8/2019 12:20

The legal challenge was quashed before it was even heard in court. I’m sure the likes of BHP would have done plenty of due diligence prior to buying such large stakes on two separate occasions.

[shabadi] 14/8/2019 12:04

I might be wrong but I thought the majors invested before the legal challenge. I assume they are not investing now, which is why the company has taken on Ingo in a last ditch attempt to keep the company ticking over.

So in my opinion there will be no investment and an ongoing cash burn.

Only people likely to invest are the government themselves or the shareholders with a rights issue (and that won't raise anywhere near enough).

I don't see this resolving so would expect activities to slow down as the money dries out.

[alwaysevolving] 14/8/2019 11:07

I’m not convinced the situation is nearly as bleak as you make it out to be shabadi.

Two majors would not have effectively flushed millions down the toilet buying large stakes of the company if they saw the situation surrounding SOLG as you do.

Despite Gary’s claims that those millions and millions of dollars mean nothing to the likes of BHP and Newcrest, I beg to differ. I think their shareholders might have something to say if they were seen to be literally burning millions on buying into companies that are pretty much guaranteed to fail as you have summed it up?

[shabadi] 14/8/2019 09:41

lefrene agreed, but the stumbling block is a lack of political certainty around a potential local referendum or new government which could make any investment in solg worthless. Funding is not going to happen - we are hoping for a massive unsecured loan to fund a project that is bogged down in political uncertainty.

I can't see any possibility of outside funding or a takeover - who would pay for this mess.

Buying out Cornerstone is also out of the question for exactly the same reason.

So before Solg can move forward there needs to be unrevocable legislation and a long term commitment from the Ecuadorian government. Ask yourself, would any government in office commit to that without a supporting referendum or without being elected on that mandate - I don't think so.

So we are at an impasse.

[lefrene] 14/8/2019 09:06

Despite apparently being sat on hundreds of $ billions of metals, the Solg management seems currently unable to progress anything until Cornerstone Group are accommodated, they get drill permits (still waiting why?), and sort out finance to begin the first mine. Thus holding the shares is a bet on that sequence of events unfolding before too long.

[lunus1] 13/8/2019 23:54

Should be interesting.

hxxps://imarcmelbourne.com/speakers/jason-ward/

[lunus1] 13/8/2019 20:53

Thx mkknight. Should be fun.

[mknight] 13/8/2019 19:34

Lunus1

Nice to have you on board . We all feel the same .

BHP are probably paying garythomas to try and keep the PI,s under control and rumour has it that NM refused a one to one with him not so long ago so we get the odd post from him that most ignore .

Other than tat we are a happy lot with most agreeing that come MR3 we will be in the top 3 largest Gold..SIlver and Copper mine i the world .

[lunus1] 13/8/2019 18:01

Hi guys. I’ve recently invested and despise the recent fall I remain positive for the future. My view is that in six months I expect the share price
to double and by eighteen months I expect it to be triple what it is today, as I expect only positive announcements between now and then. Also, with the majors fighting for market share I think it’s probable that a takeover offer may be made in 18-24 months time. However, I’m quite happy to to hold these shares for 3-5 years as whatever happens I only see growth. So am I missing something lol?

[lefrene] 13/8/2019 15:35

Perhaps Mr Trump has blinked? Gold might have a hiccup, but copper is wanted.

[ntbb] 13/8/2019 14:45

I agree he is a greedy b8stard, I'm sure bhp will be happy to pay 100p a share

[1garythomas] 13/8/2019 13:59

With no news now until march next year, MRE3, NM is allowing the share price to drift lower and lower, looking like 18-19p now, NM needs to step down and step down NOW, the guy is one greedy fat bast---, and will never see his 60p options.lol