Solgold Share Discussion Threads

[lefrene] 09/12/2019 13:05

Given the modest capital raise one has to presume that NM has an end game in mind no more that six or seven months away. Which suggest to me that it's the BFS that will be the catalyst that releases development money. BHP are getting involved in the BFS to speed it up, presumably they want to get mine construction underway sooner than later. CGP will have to strike a deal as it's unlikely they will have the dosh to pay their 15% of development costs. So short of something like a Chinese maverick with a spare $8 billion buying up CGP and making a $5 billion offer, it rather looks as if BHP are going to take Alpala, probably in a deal that involves Newcrest with their block caving skills.

It feels like an unwritten 'deal' has already been done, we just have to wait another 6 months to see. Being an old hand NM will I trust have done his best for shareholders, and we will see the value of the company rise and also get capital to develop the rest of the SOLG estate outside of Alpala.

[mam fach] 09/12/2019 12:37

Very true. Discoveries too big.
Cost of development too high.
Potential massive.
What else can you say,
Bring it on NM!

[lowtrawler] 09/12/2019 12:33

Whether MRE3 is 100 billion or 200 billion, it won't move the price by much. We are priced at a level which expresses doubt around current shareholders benefiting from the ultimate exploitation. We need long-term funding to be clarified before this will change.

[plentymorefish] 09/12/2019 12:13

Nice one Costax1654x - don't tell anyone else before I buy in this afternoon will you?!

[costax1654x] 09/12/2019 12:11

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[mam fach] 09/12/2019 09:54

Very hard for LTH's to see price @ these levels.
Have to hold on for however long it takes.
Very hard to resist another top up.
Sounding like a parrot.
But by Friday all the parrots will be back in their cages.

[lefrene] 09/12/2019 09:03

mknight, this whole thing has been reduced to just a guess because so much information seems to be being withheld presumably for tactical reasons. If there were some kind of bonanza Mre3 to come then presumably NM would have left his recent money raise until the share price were higher on the back of it? Or was he for other reasons giving BHP 'mates rates'. As a complete guess I would hope for 20 to 25% lift in available metals, but I'm sure that both BHP and Newcrest already have a very good idea before the Mre3 goes public.

My further guess is that the careerist mind set of those within the major miners will have them waiting for the BFS before they make any moves. Despite having very deep pockets they will want to see how much they can borrow for the project, before taking the plunge. However that does perhaps offer a slight chance that a maverick might make a pounce, a large offer with a tight acceptance time might do it, but the 30% that Newcrest and BHP own might be enough of a starting block to stall any offers. Alpala with the prospect of being a sizeable mine that could produce for over a century must be very tempting to any industrial concern that consumes quantities of copper, wishing to secure supplies far into the future.

[mknight] 09/12/2019 07:52

Lefrene What uplift are you looking at from Mre2 to Mre3 .


How many meters were drilled in Mre1 and Mre2 ... How many have been drilled in mre3 .

If its roughly a third then i guess results should increase by 33 percent.

[mknight] 08/12/2019 14:43

Oakville

You are not alone . Everyday i have to stop myself buying more .I remind myself that if we get MRE3 valuation to 100 billion valuation only for one site .Then someone is going todo the maths and with the amount of shares i already own i will not need to work again .

[oakville] 08/12/2019 08:05

Really struggling to understand why this share price is under 30p let alone 20. !!

[book5] 07/12/2019 13:14

looking good

[pob69] 07/12/2019 09:17

Mention in the Daily Mail's money section Solgold $SOLG $SOLG.L $CGP #cascabel #ecuador

"...Sterling’s weakness meant that overseas predators such as Centamin-chasing Endeavour Mining of Canada are getting more bang for their buck.

By extension, smaller firms with good assets are moving into the crosshairs of ‘Jonny Foreigner’, analysts said.

Ecuador focused SolGold, which has a huge copper gold asset, looks a sitting duck for Anglo-Aussie giant BHP Billiton, which recently upped its stake."

[pob69] 06/12/2019 15:50

Only a minor thing but maybe a sign of things to come as Nick Mather has just followed Warren Irwin on twitter Solgold $SOLG $SOLG.L $CGP #cascabel #ecuador

[arcadian] 06/12/2019 10:09

The price of copper is beginning to rise and, hopefully, this will continue.

PS From Proactive (AIPB)

However, SolGold is not alone, with Potts saying that “pretty much any” small miner could be vulnerable to a takeover if they demonstrate enough resource potential to pique the interest of the large-cap players.
Interest is also likely to rise as the reliance of modern technology on materials such as copper, cobalt and other battery metals drives more miners towards those resources.
“If we stopped mining gold tomorrow, the world economy will still grow at the same rate, however, if we run out of copper or zinc, growth will stop”, Potts says.

[pob69] 05/12/2019 18:52

Interesting development in #ecuador. Could impact on Solgold $SOLG $SOLG.L $CGP #cascabel

Canadian miner Kinross Gold (TSX:G) (NYSE:KGC) is selling its remaining 20.7 million shares in Lundin Gold (TSX:LUG), equivalent to a 9.2% stake, to the other two major investors in the Ecuador-focused company, in a deal valued at roughly C$150 million ($114m).

The buyers, a wholly-owned subsidiary of Australia’s Newcrest Mining (ASX: NCM) and the Lundin Family Trust, will see their interest in Lundin increase from 27% to 32% and from 23% to 27%, respectively.

[andysand] 05/12/2019 14:10

I do think it will be bought out. But it will come out of the blue with no warning. When though is anybody's guess. For now, I plan to hold and wait. Given the stakes that have been built up, it's just a question of who blinks first. After that, it will be a full scale bidding war.

[mikalan] 05/12/2019 09:10

If we can find anyone interested enough to buy. A whopping 25k traded so far today!

[mknight] 05/12/2019 08:58

Now we know why we will not be taking on Cornerstone.

Price in theory should start going up now .

[lefrene] 04/12/2019 12:28

markth126, there's simply no way of telling if there's going to be a grab for it. It's a huge asset owned by a penurious company that has yet to get the principle asset sufficiently polished and shiney to encourage lenders to put up the dosh to build a mine. One might expect the two major investors of Newcrest and BHP to eventually provide backing to mine it, but they of course represent an obstacle to a would be outside predator, since they know the true value of what they have. It would have to be a high price indeed for those two to let go a century's worth of production of a commodity that will continue to rise in $ value terms.

[mknight] 04/12/2019 12:05

As you said they left it too late and got squeezed.

[greenelf] 04/12/2019 09:39

The BHP placing was a company own goal. They left it too late and got squeezed badly. Should never have been given at that price..

[mknight] 03/12/2019 22:56

Asset value me .

Just need a few more years .

[markth126] 03/12/2019 22:39

So do we think there is a real chance of a take out here? I've been here for years now and feel no further forward with the share price Fomo is keeping me here just hope that nm can pull a rabbit soon for us all!

[arcadian] 03/12/2019 22:10

As always Pob-- many thanks.

[pob69] 03/12/2019 20:46

The long article (worth paying for) quotes from Ingo Hofmaier relating to concentrates #ecuador Solgold $SOLG $SOLG.L $CGP #cascabel

Bullish that the company has an advantageous bargaining position in concentrate contract negotiations given Freeport-McMoran's construction of copper smelter at Grasberg in 2020, limiting concentrate exports post 2023.... and Alpala will produce an exceptionally clean concentrate and the high gold content is attractive to most western smelters".

"...The concentrate market conditions could also help resolve one of the main doubts some observers have over whether SolGold can fund a $2.8 billion construction. "Asian companies are happy with long-term asset level investment", Hofmaier said, referring to the fact that Japanese companies in particular often provide 20-30% of project capex to secure concentrate offtake.