Solgold Share Discussion Threads

[dozyduck] 12/5/2020 15:30

PS - by signing up to a high-cost loan that has left the big miners ''concerned'' and ''disappointed" -
Quite ! - its the poison pill I mentioned

[dozyduck] 12/5/2020 15:28

LT - just a quick thought as I crouch behind the garden shed - the problem is the massive (downward) gearing effect of the 70% project loan we are all assuming. It's repayment (negative) NPV is a fixed amount (about $2bn) and what shareholders see is the margin between that and an NPV which is being eaten into by any streaming deal.

[pob69] 12/5/2020 15:22

As always, very interesting take by AFR (and more interesting information behind paywall) Solgold SOLG $SOLG $SOLG.L $CGP #cascabel #ecuador

"...Takeover target SolGold has snubbed its two biggest shareholders and most likely suitors, BHP and Newcrest Mining, by signing up to a high-cost loan that has left the big miners ''concerned'' and ''disappointed"

"The Australian Financial Review is aware of four SolGold shareholders who believe Mr Mather is keen to avoid a situation where BHP and Newcrest's collective stakes in SolGold grow to exceed 50% ...""

[dozyduck] 12/5/2020 15:17

LT- I'll try. Currently I'm battling with all the weeds Blofeld has been bombing me with in an attempt to eliminate me before 007 (or Superman (sorry - politically incorrect - 'Superwoman' arrives. ) So you might not hear from me too quickly.

[goldrush] 12/5/2020 15:13

IMHO Ingo did not join us to make 5p on his 5 million or so options issued @25p.Whatever deal comes out of this he will want to be a millionaire and to set himself up in his own investment/hedge fund company.

Logic would dictate that BHP and Newcrest have a plan, and remember Newcrest are in the gun sights of some big industry players too....and are raising more money for investment. With Franco Nevada now in the mix, and who can be removed with a 11% return to them and the $15m loan portion expiring in 4 +4 months.....BHP non bid agreement expiring in a few months....Industry consolidation actively taking place at the moment....it does seem logical that something is going to happen....Again IMHO

[pob69] 12/5/2020 15:10

Revised date for 2nd Red Cloud Webinar with Nick Mather and the team - now 19 May 13:30 BST Solgold SOLG 4SOLG $SOLG.L $CGP #cascabel #ecuador

"SolGold’s Latest Financing Developments"

hxxps://redcloudfs.com/rcwebinar-solg-2

[pob69] 12/5/2020 15:06

Investor Chronicle view Solgold $SOLG $SOLG.L $CGP #cascabel #ecuador

SolGold has a mammoth task ahead of it, even to get to the beginning of mine construction. This deal does take away some lifetime cash flow, but makes sense in the short term to keep the Alpala project ticking over. Buy. Last IC View: Buy, 22p, 25 Nov 2019

[lowtrawler] 12/5/2020 15:04

If you do that, can you do a full illustration based on 1bn equity, 1bn debt and 1bn NSM as the way in which Alpala is funded?

[lowtrawler] 12/5/2020 15:01

Ok DD, I'll bite. I don't think anyone here really understands how the net smelter margin works and what the impact would be on remaining NPV once funding for 1bn of royalties is taken. As the NSM funding appears only to relate to the gold, could you provide an illustration breaking out the gold and copper elements for Alpala based on 1bn of such funding?

[greenelf] 12/5/2020 14:03

Lucky we can trust this anonymous board for the real analysis.

[greenelf] 12/5/2020 14:00

That Ingo fellow must be really stupid to suggest such a thing. Just shows, cant trust any anyone.

[greenelf] 12/5/2020 13:58

It appears Alpala is worthless. What a shame. Never mind.

[dozyduck] 12/5/2020 13:46

If Alpala is financed by $1bn of streaming, you can say goodbye to any profit for shareholders.

[pob69] 12/5/2020 13:31

Red Cloud Update Solgold $SOLG $SOLG.L $CGP #cascabel #ecuador

Cash Today, Royalty Tomorrow at Alpala
"...With Cu now back on an upward trajectory, SolGold’s shares should continue to rebound. We expect the positive momentum to continue as the company advances Alpala through feasibility."

"...SolGold expects that Alpala can support up to US$1B of precious metals stream financing, as the porphyry is gold rich."

[dozyduck] 12/5/2020 12:17

I don't post on LSE Mr Pouge (sorry Rouge)

[arcadian] 12/5/2020 11:50

Just a bit of fun along with POB`s promotion but broadly I agree with you although a trading in the 30- 40 range would be my choice given the interest of the big mining world in the quality and size of our assets.

[lowtrawler] 12/5/2020 11:25

Arcadian, no cup half empty from me. I think we are exactly where we should be at this stage in the lifecycle and the share price is trading around a fair level.I am confident any issues with the drilling permits and financing for those projects will be resolved. My investment is now of a buy and hold level so I'm less concerned over short term movements. I intend to be a sleeping partner to the board going forward but will likely pop up when something happens. As I have said previously, I think we are in a new trading range of 27p - 34p (although we are slightly below that as I post). Barring a takeover or new discovery, I don't expect our trading range to change this year unless taken down by the whole market.

[arcadian] 12/5/2020 10:27

OK

You`re on the payroll as of today.



Let`s hope that the cup half empty concerns of mk and low are addressed.

NM raised this at the last session as the most pressing concern as he pointed out then that the finance issue had been resolved.

[pob69] 12/5/2020 09:00

A reminder that today's webinar with the Vice Minister also now has Jason Ward on the panel (as well as Newcreast's country manager). Solgold $SOLG $SOLG.L $CGP #cascabel #ecuador. If you decide to copy and paste on LSE please do feel free to attribute...

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[rougepierre] 12/5/2020 08:47

FSA I agree...were due another leg down in the US..they're sniffing glue...every serious bad news the market goes up...techs will lead the next fall IMHO...

Meanwhile my understanding from the previous webinar was that we couldn't drill Rio or Blanca because of Covid restrictions...

[rougepierre] 12/5/2020 08:32

Ah dozy..you're outed as Colonel Drake..post at 21.34 on LSE gave the game away..

Cheers

[pob69] 12/5/2020 08:29

The crux of the matter as explained on Ingo Hofmaier linkedin account Solgold $SOLG $SOLG.L $CGP #cascabel #ecuador

A poster states "Who in their right minds would call this an attractive cost of capital?"

Rick Rule responds "Depending on what NPV you assign to the project"

[greenelf] 12/5/2020 08:18

If logic were operational, definitely. But American market is v irrational on operation, plus the Fed activity skews the market, buying everything in sight. But the narrow trading range should break soon, sharply up or down.