Solgold Share Discussion Threads

[ntbb] 02/4/2020 08:00

Dow future up 305 points all looking nice

[mknight] 02/4/2020 07:49

Good morning

Interesting day today .

4 trading days before NM.s MRE3 within 4 weeks .

I expected it today as next weeks a short week . Are we still on or will NM hit us with a sorry due to CV it was imposible blah blah blah

I feel pretty sure if we get MRE3 we will get Cornerstone with it . Just hope the deal is sorted another miss on promises news might send us down again .

[mknight] 01/4/2020 23:32

Pmount

Profit warning ... lol

We are years away from making a profit.

Do some research please .

[pmount] 01/4/2020 23:30

Next news will be a profit warning with lower guidance. Short/sell before that. Its obvious from the last rns.

[pmount] 01/4/2020 23:30

Next news will be a profit warning with lower guidance. Short/sell before that. Its obvious from the last rns.

[ntbb] 01/4/2020 23:24

This is a high quality resources stock current price is just too low, news could land anytime now and I wouldn't like to be out

[pmount] 01/4/2020 23:22

Say goodbye to any new funds for any feasibility studies. Say hello to paying 400 for doing nothing. I dont need luck.

[mknight] 01/4/2020 23:09

Pmount

Do you feel lucky ?

[mknight] 01/4/2020 22:52

Dmitri

Can you tell me how many you sold today

Thanks

[lowtrawler] 01/4/2020 22:49

SOLG is one of only a couple of shares I haven't sold out. I accept what dimitri is saying, the price will move with the market and the market is heading down. However, there are a couple of reasons why SOLG may also spike up:

1. We are due news on MRE3 and funding - if this is positive, SOLG can be expected to buck the trend.
2. As the most attractive Tier 1 takeover target, it seems likely there will be an acquisition attempt at some point.

Even if neither of these events occur, the long-term fundamentals for SOLG as a standalone enterprise are good which makes it a good bet for returning my investment with interest once the bear market subsides. I don't blame dimitri for exiting but we will need to wait and see whether it was a wise move.

[pmount] 01/4/2020 22:48

Short to 10p. Fish in a barrel.

[dmitribollokov] 01/4/2020 22:36

I took advantage of the bear bounce to sell out fully today. Stupid to not have done it sooner

[dmitribollokov] 01/4/2020 22:34

With the short term cash flow issues, they can bend these guys over a barrel. Unfortunately...

[pob69] 01/4/2020 22:17

Willem Middelkoop (Commodities Discoveries Fund) interviewed by National Investor mentions how Solgold $SOLG $SOLG.L #cascabel #ecuador is not damaged by current market crisis at 23:10 mins.

[lefrene] 01/4/2020 18:14

Alpala has a remarkably short pay back time of 3.5 years or less, the other resources of Cascabel are close, such that I would think capital sunk into infrastructure for Alpala will have some affect in reducing costs to develop other parts of Cascabel. If you are seriously wanting to do a mine start up in Ecuador, Cascabel looks about as good as it gets.

[dozyduck] 01/4/2020 17:56

I was obviously painting the broad picture. The chart shows clearly that free cash flow tanks from year 13 onwards to about 1/3rd its peaks and steadily drops to zero by year 36 and nil up to end of 'life' in year 60. Whether ab operator would deem it worthwhile to keep going at any point in between depends on what return he expects from the effort being put in to continuing to mine, even if theoretically he's still making a (small) profit.

But my point is that for all practical purposes, a major looking only for long life mines (as all of them require) might not consider Alpala to be 'long ;life'.

[mknight] 01/4/2020 17:54

Good job Lowtawler .

Remind me never to cross you .

Duffyduck one for the filter .

[lowtrawler] 01/4/2020 17:41

DD, I checked your 13 year assertion and it is simply not true. The chart on page 410 of the PEA shows that the mine is highly cash generative for 35 years into the project. Also, the mine produces "real" sales revenue of around 1bn per year from 35-55. It is hardly the 13 year life to which you refer. Of course, the revenues in the early years are much higher at about 3bn but the later revenues are still substantial.

[ntbb] 01/4/2020 16:07

Dow ftse copper gold recovering quite nicely

[dozyduck] 01/4/2020 16:06

My ex said that about putting her perfume on at night.

[lefrene] 01/4/2020 15:55

NM, has spoken in terms of "multi generational" life of mine. Currently cheap oil will be significantly helping those miners at nearly depleted mines as they extract lower and yet lower concentrations of the metal, hanging onto the perch just a little bit longer. It would be of interest to know what level of capital expenditure these almost worked out mines are making, since there's no point pouring capital into a rusted out old banger?

[dozyduck] 01/4/2020 15:07

As I posted before, if gold gets to $3,300 its value to Alpala would become half the total, which itself would get back to the PEA value even if copper stays low. Likely buyers, I would have thought, will be Americas based copper producers looking to replace their depleting copper resources, but any major would want a long life project, and might not regard Alpala's 13 years profitable phase as long enough.

[lefrene] 01/4/2020 14:41

Whether China has recovered or not they see the imperative of getting back to business, and thus will present themselves as having recovered. Give it a couple of weeks and I suspect that the USA will spin a similar story and then the rest of the West will follow. Now they all have a nasty bug upon which to blame the economic medicine that will follow. I'm just hoping that gold follows the pattern of 08 and becomes seen as a haven once open positions in the casino have been covered, and a bit of unencumbered free cash comes available.

I notice Germany is swinging towards hydrogen cars and using this hiatus to tool up for a big swing, while at the same time constructing the infrastructure. Electric cars without 'range anxiety'. That has to be good to help copper demand.

[ntbb] 01/4/2020 14:25

China has recovered from the virus no doubt rest of the world will follow