Solgold Share Discussion Threads

[mknight] 07/10/2019 16:05

Or

We are still looking for a translator....LOL

I can understand the traders selling . Most of the daily volume comes from traders . The posts on the BB.s have dried up meaning imho we are close to the bottom .

[mknight] 07/10/2019 15:56

Lefrene they talk . The deal is done as you said .

Newcrest takes cornestone and BHP buys in .

3 way partnership

[lefrene] 07/10/2019 12:37

Fine words but the parsnips are going dry for want of butter! Either NM is powerless to get things moving, or he is waiting for Newcrest to make their move when they come out of purdah. Only about 10 days now, but of course Newcrest will likely take their time before making a move. The current marker cap does seem very much at odds with the huge value of metals contained in company licence areas, but it has been like that for many months.

I hope a month from now we are still not waiting for (imminent!) drill permits, or waiting on Newcrest to show its hand.

In the meantime I see Ecuador is refreshing its credentials as a normal South American banana republic with widespread riots over the removal of diesel and petrol subsidise. Fuel has doubled to $1.80 a gallon of diesel and $2.30 a gallon of petrol. No doubt this will be an opportunity to stir up political unrest. If the current government survive the uproar it would seem they have a good chance of remaining in power for some time to come, perhaps even long enough to issue those "imminent" drill permits!!

[mknight] 07/10/2019 12:28

Just to add we need the permits as Balnco y NIeve is going to support Alpala .

[arcadian] 07/10/2019 11:11

Pob

That interview (for which thanks) was very reassuring and carefully crafted. One option was that the company wanted to be the Ecuadorian flagship for the mining industry doing all the right things with its massive assets. The other was the gentle reassertion of the value of those assets but MKN will rightly add that some seemingly imminent ) drilling permits would be welcomed.

[1garythomas] 07/10/2019 10:21

Both doing a good job, 12 month low just hit.

[francoismyname] 07/10/2019 09:42

The new finance guy only started a month a go.

Give him a chance to do his job.

His CV was impeccable.

[greenelf] 07/10/2019 07:28

Or $6m pm lol

[greenelf] 07/10/2019 07:27

That is $6 per month cash burn.

[greenelf] 07/10/2019 07:27

I know they have options in raising money. But the cash burn of $6m is not really sustainable in the longer term if you have no income. Especially now the mcap has come back to the £400m range, it could be very dilutory if they cannot secure a price significantly above the current share price They are leaving the fund raise quite late, about 2.5 months worth cash left? News any day I suspect.

[pob69] 04/10/2019 16:12

New 20 minute preentation Nick Mather 26/9/19 at Red Cloud Mining Showcase $SOLG $SOLG.L $CGP #cascabel #ecuador SolGold. (poor audio)

"...our strategy is to continue to strengthen our share register with more large shareholders, funds and corporates"

"...currently considering a number of financing proposals" (at 5 mins)

"...strengthening our internal management team so we can do this project on our own" (at 6 mins)

"...intention to bid for Cornerstone and the documentation is imminent" (at 9:50 - been "imminent" for some time)

"...dangerous situation, terribly undervalued asset, in the section between discovery and development" (15 mins)

"...Provenir just about to drill" (18:30mins)

"...Celen very excited about" (19:30 mins)

[mknight] 04/10/2019 15:04

I would have thought that NM has had a few meeting with the governmant and has explained to get Cascabel up and running he needs the permit for Blanca y NIeve this month .

Lefrene made the very good point that .

Newcrest buys Cornerstone .. BHP gives money for a higher shareholding in SOLG qnd we then develop Blanca y NIeve to pay our share in production at cascabel .

3 way partnership

[markth126] 04/10/2019 06:41

Yes and guess which two stocks are my biggest holdings!Ruined my portfolio over last year!

[greenelf] 04/10/2019 06:37

https://www.kitco.com/news/2019-10-03/Gold-is-going-to-1-600-next-watch-the-perceived-risk-of-recession-Goldman-Sachs.html"What matters for gold is the perceived risk of recession, which is rising, said Goldman Sachs analyst, who sees the precious metal reaching $1,600 in Q4 and staying there."You know what? I was thinking exactly the same thing as above.

[kaos3] 04/10/2019 05:56

I did an overlay 3 month share price chart of solg and ars - both huge copper deposits with some gold needing to build a mine. they almost perfectly corelate. both at their strong resistance points.

which imho means macro situation is driving the share price at the moment.

I will wait for 20 and 50 MDA and october before further buying.

I assume nothing big will happen on the ground so the share price will be lagging at the best.

Good assets - but one has to buy cheap - if possible.

[yufff] 03/10/2019 22:32

Looking good

I know we are a long way down but with a fair wind we will leave these levels behind pretty damn quickly.

Drill permits RNS needed

[mknight] 03/10/2019 21:15

Thanks pob69

He keeps mentioning Blanca .. just need the Permits .

Cant be far away with 100 people still working there.

[pob69] 03/10/2019 20:57

New 8 minute interview Nick Mather at Beaver Creek $SOLG $SOLG.L $CGP #cascabel #ecuador SolGold.

"...Dedicating ourselves to developing a copper gold industry in the country"

"...developing Solgold as a household name for generations to come"

"...geologist by training, opportunist by nature"

"...13 different projects has the potential to make a real difference to the nation of Ecuador"

"...PFS end of Q1 2020 and BFS completed by end of 2020"

"...very shortly commencing drilling on our key 100% owned projects the most important being Blanca.... to bootstrap development of Cascabel"

[mknight] 03/10/2019 19:19

Arcadian

True and i would have thought we will be closer to 30 million oz come MRE3 .

Throw in bancaynieve if the permits ever arrive and who knows how much GOLD we will have .

[arcadian] 03/10/2019 18:32

Maybe the buyers have read this

“Gold is a good alternative currency because it’s safe, and because it costs nothing to own it compared to paying negative rates on deposits,” said David Roche of Independent Strategy.
Gold prices could surge by about 30% to as high as $2,000 per ounce next year, Roche said. The price of spot gold currently stands at around $1,500 per ounce.

Our 23 million oz must be worth over 100x our current market cap with all that copper for free should a use ever be found for it.

If things turn down the gold will do well or if things go well the copper will be sought.

[master rsi] 03/10/2019 17:10

Everything is looking good on the chart front and yet much better with the late large trades.

[mknight] 03/10/2019 17:06

Delayed trade

500k at 21.66 another buy .

[mknight] 03/10/2019 16:56

Its a step in the right direction but at 21.70 i think the Marathon has along ways to go to the finish .

[master rsi] 03/10/2019 16:52

SOLG has finished    
                         ON TOP OF THE WORLD