Solgold Share Discussion Threads

[shabadi] 17/1/2020 09:50

mknight - what rumours on LSE board - I don't see them.

[mknight] 17/1/2020 07:17

Good advise Pob69

However cornestsone continúes to rise over 57 percent off its lows up another 5 pecent last night ...now thats a fact.

[pob69] 16/1/2020 21:56

Rumours (unsourced) on the internet are carried by haters, spread by fools, and accepted by idiots.

Careful out there.

[mknight] 16/1/2020 21:27

Rumours of an Rns with chinese in the name on Monday from Lse.

If true sounds like funding to me .

Cornerstone up another 5 percent meaning 57 percent up from their lows . About time we followed
.

[lefrene] 16/1/2020 17:33

Arcadian, I saw that item in The Times this morning, I was unaware of the company, but it fits with my view that small delivery vehicles will lead the way in electric road transport because such vehicles have a defined pattern of use. I expect cities pursuing 'clean air' policies to charge ever increasing tolls to ICE delivery vehicles, such that electric will be the only way to go, perhaps triggering the creation of transfer depots on the edges of cities, taking goods off large diesel trucks for the 'final mile' by leccy vans.

Vans on regular routes will have clearly defined hours of use thus adequate charging can be scheduled. I dare say anybody who has ever operated electric milk-float fleets will know all the wrinkles. The high initial cost of an electric van will over time be balanced by hopefully lower fuel cost. I wonder where all the power is going to come from, since we don't seem to hear much about that end of the clean transport revolution!

[loganair] 16/1/2020 17:20

2mln EV's being sold in 2018 need approximately 80,000 tons more Copper in them then the equivalent number of combustion engine driven cars.

[arcadian] 16/1/2020 17:13

Such as



Arrival
The Hyundai Motor Company and Kia Motors Corporation have made a 100 million euro ($111.65 million) investment in Arrival, a little-known U.K. based start-up specializing in electric vehicles.
According to Arrival, the investment values the company, which was established in 2015, at a staggering 3 billion euros. J.P. Morgan led the firm’s funding round and valuation.

In an announcement Thursday, it was explained that the new partnership would allow for the “co-development of eco-friendly vans and other products for logistics, on-demand ride-hailing, and shuttle service companies.”
Hyundai will invest 80 million euros, with Kia contributing 20 million.
Arrival develops materials, software and components, while its scalable electric platform “can be adapted for multiple vehicle categories,” according to Thursday’s announcement.
At the moment, the firm is undertaking pilot projects with logistics companies in Europe that use vans built with its technology.
“This investment is part of an open innovation strategy pursued by Hyundai and Kia,” Youngcho Chi, president and chief innovation officer at the Hyundai Motor Group, said in a statement.

“We will accelerate investment and cooperation with companies with advanced technology such as Arrival, to respond to the rapidly changing eco-friendly vehicle market,” he added.

The last few years have seen several major automotive firms make significant plays in the electric vehicle sector.
In November, the Volkswagen Group officially started series production of its ID.3 electric car, with the German car maker planning to launch “almost 70 new electric models” on its platform by 2028.
Hyundai Motor Group has said it will launch 23 battery electric vehicles over the next few years, while Volvo Cars wants 50% of the cars it sells to be fully electric by 2025.
Worldwide electric car sales hit 1.98 million in 2018, according to the International Energy Agency (IEA), with global stock reaching 5.12 million.
2017 also saw more than one million sales according to the IEA, with the amount of electric cars on the road exceeding 3 million, a more than 50% increase compared to 2016

[loganair] 16/1/2020 13:05

Solgold will be mining Copper which is going to be needed in vast quantities in all this new green technology and is why the likes of BHP are so interested in companies such as SolGold.

[lefrene] 16/1/2020 12:31

It always comes down to money, you might be correct in the shift to cleaner fuels over time, but cost pressures could well see carbon heavy fuels last longer than expected. Solg I believe will be using hydro electric if Cascabel ever gets underway, so it's 'green' credentials will be positive, not that it will make an ounce of difference to the market value of the company.

[loganair] 16/1/2020 12:16

Solgold say the pay back time of their Alpala mine is no more then 4 years while the mine life is expected to be some 55 years.

Why was Saudi Aramco slowly going to be sold? The Saudi's are aware of what is happening and do not want to be left with a stranded asset, namely oil, that nobody is going to want or need after 2050 and they'll still be left with at least 100 years of oil production still left in the ground after this time.

China is definitely worried about coal powered, power stations is why they did that huge $400bln deal for cleaner Russian gas.

Even India has signed deal for upto 25 new nuclear power stations, so they are also showing worry and concern about coal.

[lefrene] 16/1/2020 11:54

I believe the main interest in Solg by BHP and Newcrest is simply the scale of Cascabel, money sunk into mining equipment and infrastructure will be repaid quickly and yet the equipment and infrastructure will continue to provide service for decades to an operation that could be a cash cow for a century or more.

The need for affordable energy will continue, the likes of China, Russia and India are unlikely to worry too much about CO2, I can't see Australia leaving their coal in the ground when there are ready buyers for it, they need the money to much.

[loganair] 16/1/2020 09:52

Interesting to hear that the transition from Coal, Oil and Diesel to Gas is already starting to happen.

Gas has 1/2 the CO2 as Oil or Diesel.


Gas to produce energy will then be replaced by Hydrogen, the transition will start in earnest by 2050.

By 2050 Coal, Oil and Gas will become 'Stranded Assets' is why companies such as BHP have taken such an interest in companies such as Solgold.

[lefrene] 16/1/2020 09:30

Good to see copper firming up, perhaps the long watched pot of supposed copper shortages is finally beginning to warm up?

[mknight] 15/1/2020 14:28

Lets hope funding news comes first then .

Looks like a few buyers think tomorrow might be a start of some news .

Back over 20 whipee woo

Given back tomorrow if no news

[lowtrawler] 15/1/2020 13:25

I think even confirmation of previous levels by MRE3 would be a good result. Any increase is a bonus which might give short term support to the price but the key price driver will continue to be financing.

[mknight] 15/1/2020 10:41

MRE3

What is a good result ?

20 percent larger ?

[lowtrawler] 15/1/2020 08:52

Thanks to POB for all the excellent research. I was particularly interested in the red cloud prospective takeover article. Fair value of around 80p per SOLG share. Let's see....

[mknight] 15/1/2020 07:46

Las cruces end producción of copper for 2 years with the loss of 800 jobs.

[pob69] 14/1/2020 20:46

Interesting read concerning future activities of indigenous movement in #ecuador $SOLG $SOLG.L $CGP #cascabel SolGold

"..but its leaders are not yet to announce possible actions for this 2020 because the presidential elections of 2021 are in the spotlight.....

...Yaku Pérez returns to the anti-mining fight."

[arcadian] 14/1/2020 18:48

al

Very useful-- thanks (although I`m beginning to wonder if there is a negative correlation between SOLG`s share price and the price of cooper as 3 month copper is now $2.87)

[lefrene] 14/1/2020 16:12

I notice copper has firmed around 2.84 to 2.85, I wonder if this is in expectation of Trumps deal with China increasing copper demand? Gold also holding above $1500, presumably due to the scale of REPO activity by the FED?

Will NM throw in the towel and let BHP do a cheap take out? Although if that were the case he would surely release the information that he must be sat upon.

[pob69] 14/1/2020 15:04

Red Cloud have published their endangered list of 6 companies to be acquired in 2020 (registration required) which includes $SOLG $SOLG.L $CGP #cascabel #ecuador. Takeout estimate CAN$1.50 Market catalysts include

1) Resource update at Alpala (Q1/20), 2) Alpala prefeasibility study results (H1/20), and 3) Potential metal streaming financing.

[pob69] 14/1/2020 09:37

Vice Minister of Mines has resigned for personal reasons $SOLG $SOLG.L $CGP #cascabel #ecuador SolGold