Solgold Share Discussion Threads

[ntbb] 15/4/2020 21:34

Dozyduck that's peanuts, do you think drilling comes free and staffs

[dozyduck] 15/4/2020 19:38

I had thought this board was getting more sensible. But this from a certain poster has me stumped
"No debt with Solgold yet . All being well they will have 150 million to see us through for 2 years"
- Its market cap is only £360m For G's Sake !

[lowtrawler] 15/4/2020 16:38

Spot prices for gold and copper have absolutely no relevance to the valuation of SOLG unless they can somehow be used to predict prices for the next 65 years. The real drivers are Ecuador politics, financing, company news, sentiment and the general stock market.The only thing I'm expecting to change in the next couple of weeks is the general stock market. We will move in the same direction but probably more pronounced.

[ntbb] 15/4/2020 16:38

Well I didn't get my price right, at least some of the profits takers out of the way

[ntbb] 15/4/2020 16:17

Bargain price wont stay down for too long

[ntbb] 15/4/2020 16:02

Wheres our 500k buyer

[ntbb] 15/4/2020 15:37

And no doubt feds and others will keep on printing money, buy in fear comes to.mind

[ntbb] 15/4/2020 15:33

World is in a lockdown so these figures will be no surprise

[mknight] 15/4/2020 15:09

No debt with Solgold yet . All being well they will have 150 million to see us through for 2 years .Things will no doubt look alot better before then .

[rougepierre] 15/4/2020 14:48

Take a reality check and look at the US economy ic numbers out today...

Manufacturing index MINUS 78.2...biggest fall and lowest read in history...

Shocking figures will either numb peoples brains or eventually must impact share prices...

Morgan Stanley expect a NINE quarter RECESSION through into 2022...

[ntbb] 15/4/2020 14:14

Economies all.over the world slowly opening up, just look at China

[ntbb] 15/4/2020 14:04

Us market is not doing that bad, I'd say normal up and down, gold over 1700 dollars and pretty much everyone expecting to go even further rise , remember nick mather said "very significant news coming" I really wouldn't like to risk being out

[rougepierre] 15/4/2020 13:49

18.72/19.33 in 100k...

Completed my average lockin this morning with a sale of 100,000 at 19.53...

On balance I expect this to go lower in the ST because I'm looking at US markets to tank again...

Very happy with our current 625,000 to hold long term, but expect either to buy SOLG back lower or hope to buy BHP/RDSA at under £11 and £12 respectively to give a long term yield of at least 6.5% and 12%...

We shall see...

[mknight] 15/4/2020 13:42

Lowtrawler

I would tend to agree but i guess it depends who knows whats coming .

[lowtrawler] 15/4/2020 13:34

Overall market is down and I don't see this bucking the trend. Suspect we have seen today's high already.

[ntbb] 15/4/2020 12:54

441,238 at 19.64 must be a buy from morning, I'm still hopeful this to break at least 20p if not 23p today

[ntbb] 15/4/2020 10:23

Sorry dozyduck I called you Duffy let's wait n see after all mather did reject bhp first bid cause it undervalued the resources next he done agreement where bhp cant increase holding without the company's concent but they are free to make bid, I believe

[dozyduck] 15/4/2020 10:11

Despite NM saying so, it never was feasible for Solg to develop Alpala alone, and at the same time keep up massive spending on its other prospects. That would depress the shares below what they might be (as it has done so far) and dilute Alpala's value to shareholders. So NM's strategy should be to develop each of its prospects as stand-alone projects inside stand-alone companies - distributing shares accordingly. That would also maximise their tolal market caps.

[ntbb] 15/4/2020 09:56

I must point out no company or country is perfect it has challenges, I'm happy to wait, no point trying to buy and sell with few pence difference, dont want to get caught out

[ntbb] 15/4/2020 09:52

Lowtrawler, you sound quite.negative I hope you havnt listen to duffy remember nick mather has options at 60p millions and he just said to expect very significant news soon, I holding tight would hate to miss a another premium like bhp who paid 45p a share

[lowtrawler] 15/4/2020 09:42

To add in some realism, there are 2 reasons why SOLG may fail to deliver multiples of the current shareprice:

1. Political obstacles. Ecuador is not a stable country and any number of events could take place which would prevent SOLG from exploiting the resources economically.
2. They may run out of funds and not be able to advance the prospects to delivery.

You can make your own assessment of how likely either of these scenarios are. In my view, the benefits heavily outweigh the risks.

[ntbb] 15/4/2020 09:41

Lol@ lefrene that 441,238 I thought was a buy at 19.63 so surprised bid dropped to 19p

[lefrene] 15/4/2020 09:31

ntbb, They would swiftly move the price against themselves doing that. There isn't that much free float in Solg when you look at the existing large holders. It's like a bunch of dogs gathered around a large kill, each wants all of it, but as soon as they drop their guard to take a bite, the others will pounce on that dog. So they sit there snarling at each other to see who tires first.

[lowtrawler] 15/4/2020 09:25

It is very difficult to estimate the timing of any move to acquire SOLG. We have advanced sufficiently with Alpala to know that the mine is viable and worth several billion. Different suitors may place vastly different values on Alpala depending on their views of long-term mineral pricing, cost of finance and ability to leverage the initial resource.

A lot of additional information relating to Alpala will become known as we advance to the BFS. If we just had Alpala, potential bidders would likely wait for the BFS. However, there is a risk that we discover a 2nd Alpala and buyers would then need to pay a much higher price. As such, timing is everything.

Once started, there is almost certain to be a bidding war which is great for us but will limit the attractiveness of making that first bid. In my view, the lowest bid price for SOLG as a whole is around 60p but in a bidding war, it could easily go to 120p or more. Discover a 2nd Alpala and those numbers are higher still.

ntbb, in terms of buying in the market, there simply aren't enough freely traded shares to build up a meaningful stake in that way. It is why BHP has been willing to pay a premium.

[ntbb] 15/4/2020 09:13

I dont know why these majors dont start buying in open market, just put a buy order at say 30p, charts looking fantastic, and a little heads up if anyone interested in imm but as usual dyor