Solgold Share Discussion Threads

[jammytass] 30/5/2020 12:44

(TSXV: CGP)

Mario Drolet President of MI3 Communications Financières Inc. (MI3) released a technical note at market open today on Cornerstone Capital Resources Inc. (TSXV: CGP) for exclusive distribution on InvestorIntel. In this note, MI3 highlighted the following points on Cornerstone Capital Resources Inc.:

Cornerstone Capital Resources Inc. is a mineral exploration company with a diversified portfolio of projects in Ecuador and Chile.
Only 32M shares outstanding
CGP own 15% Interest in the Alpala Deposit & almost 9% of SolGold shares own own the other 85% of what is consider to be the biggest Copper-Gold discovery on the planet
Alpala deposit updated Mineral Resource Estimate # 3 (MRE#3) reports 2,663 Mt @ 0.53% copper equivalent (CuEq) (containing 9.9 Mt Cu, 21.7 Moz Au, and 92.2 Moz Ag) in the Measured plus Indicated categories, at a 0.21 CuEq cut-off grade.
GCP trending higher … RSI at 75 … moving in tandem with Copper price $2.41lbs
Support: S2; $3.00 S1; $3.50 Resistance: R1; $3.75 R2; $4.05

[phattrader1] 30/5/2020 12:28

Came across this today

hxxps://investorintel.com/sectors/gold-silver-base-metals/gold-precious-metals-intel/mi3-tech-note-cornerstone-capital-resources-inc-tsxv-cgp/

“Biggest copper-gold discovery on the planet”

[phattrader1] 30/5/2020 10:42

Dozy - the NPV takes into account the caped costs that’s why it’s called the NPV. And yes he’s saying we can sell Alpala for 67% of the NPV Cz the true NPV is not $4.4bn but $6bn based on my model using current gold price, keeping Copper at $3.3 which is reasonable given the major shortages about to happen in 2022.

Next week or so I will issue my analysis on my website for all to read.

[nas_daq] 30/5/2020 09:53

He is an expert in trying to pump the price up ........

[dozyduck] 30/5/2020 08:53

I thought Ingo was supposed to be an expert. To extrapolate a price paid 'at the 1% margin' for anything is economically illiterate. And to go on to say anyone wanting to buy 100% at that extrapolated price - which happens to be 2/3rds Alpala's NPV and therefore (after the buyer funds the capex on top) would cost him $5.5bn to acquire a $4.5bn NPV - is not only illiterate and innumerate - but would be a credit to the spivviest City barrow boy !

[phattrader1] 29/5/2020 23:44

Ingo mentioned on yesterday’s LATAM interview that the Franco deal valued 85% of Alpala at $3bn.

By inference, if anyone wants to buy Alpala’s 85% they need to pay us $3bn which is 115p/share at today’s rates. Add in a premium for the other sites and takeover is actually possible at 125-150p. That is cheap in NM’s eyes...gna happen Very soon.

Happy days

[phattrader1] 29/5/2020 22:48

Looks like price was being held down as there was a massive order to fill at 25.85 in today’s after hours auction.
Breaks should be let loose next week.

I see Ingo talking to Reuter’s about M&A activity rising in June July n August as countries end restrictions. We might be taken over before we know it!

[mknight] 29/5/2020 20:27

Interesting closing auction.

The sellers loaded up the sell side at anywhere from 25.20 and a 700k as well. Buyers jumped in taking the lot at 25.85 .

Very strong response imho.

[lowtrawler] 29/5/2020 16:42

Thanks for that pob. Looks like they are trying to learn lessons and avoid the local court cases experienced by SOLG and others. It's clear that the local communities have a lot of influence on the mining process and so anything which can help bring everyone together and agree a way forward at the outset has to be welcomed.

[pob69] 29/5/2020 15:27

Of importance to Solgold SOLG $SOLG $SOLG.L $CGP #cascabel #ecuador.

The Ecuadoran government is working on a new framework to regulate the process of prior consultation for mining projects in order to facilitate their development and strengthen legal security.

"We aspire to have this regulation ready in August after the respective consultations with all those involved [...] for an aspect as important and vital for legal security as is the prior consultation," the country's deputy mines minister Fernando Benalcázar told BNamericas.

"The state will always carry out the consultation and the mining ministry supervise it."

[lefrene] 29/5/2020 13:09

Thank you for posting that pob69

[pob69] 29/5/2020 10:11

Ingo Hofmaier presenting at the LATAM event last night at 49:43 mins. Solgold won the Spotlight e-trophy round and will be in the final in June SOLG $SOLG $SOLG.L $CGP #cascabel My question on the Cornerstone bid was not asked.

[phattrader1] 28/5/2020 20:04

Cornerstone has risen 20% today on the strongest volume for 6 months at 6-7 times the daily average over that period.

News soon finally! NM did say “big premium” on CGP price.

[rougepierre] 28/5/2020 15:44

Because they're working on market sensitive offtake/financing contracts...

[phattrader1] 28/5/2020 12:14

No spike chasing herd present at the moment. For sure any unexpected news will rocket us sooner or later. I give it 4 months.
Why can’t the directors buy is the question ;)
How much more left to hit $2.7bn...😁

[rougepierre] 28/5/2020 09:01

Fantastic news for copper...green infrastructure at the heart of Europe's $826 billion recovery program...

hxxps://techcrunch.com/2020/05/27/5g-ai-cybersecurity-and-renewable-energy-set-for-investment-boost-under-eu-coronavirus-recovery-plan/

"On the green deal front, it’s touting:

A massive renovation wave of our buildings and infrastructure and a more circular economy, bringing local jobs;
Rolling out renewable energy projects, especially wind, solar and kick-starting a clean hydrogen economy in Europe;
Cleaner transport and logistics, including the installation of one million charging points for electric vehicles and a boost for rail travel and clean mobility in our cities and regions;"

Then add in US infrastructure and China's 'Belt & Road' and copper will soar...

AIMHO as usual...

[rougepierre] 27/5/2020 15:49

Totally agree phat...their arrogant complacency has held us back here...

[phattrader1] 27/5/2020 14:50

Let them bleed.

[lowtrawler] 27/5/2020 14:48

I think CGP are being played by SOLG exactly right. They have a take it or leave it offer. If they leave it, they'll need to find almost 0.5bn in a little over a year. They can't do the offtake financing and so need to find someone with deep pockets to bail them out. At some stage, they'll capitulate and accept the offer.

[mknight] 27/5/2020 14:42

Rougepierre

Cornerstone will probably end up taking the Solg deal imho .

[rougepierre] 27/5/2020 14:37

Still think DGR is a cheap way to piggyback SOLG, but probably too late now with the Equity issue completed...Glad I applied for far more shares...got the lot and the warrants in for free...in capital terms, I ended up with the market effectively paying for half the cost of my new shares...

I'm no longer in CGP because I think it is being really badly managed and it is just possible Nick will bleed them dry rather than take them over...

Only downside is they'll have to keep selling SOLG shares to stay in business...

AIMHO as usual...

[mknight] 27/5/2020 14:11

Thanks Phattrader sold a few banks and
JD sports and topped up here with another 150k between 26.80 and 26.70 ..

Might take a few more later .

Thursday tomorrow always a good day for news .

[phattrader1] 27/5/2020 13:29

We will get an RNS on:
1) Tuesday next week stating “Operations are up and running in Ecuador”
2) Before the end June stating the site visit is over and we now have $100m in the bank
3) Before the end of July on exploration targets And possible funding of $2.7bn secured
4) Before the end of August on Permits and Cornerstone takeover
5) Before the 1st September on PFS
6) Anytime a bid for the company if gold carries on reaching new heights.

I suspect whoever buys SOLG will also buy Cornerstone at the same time. BHP and Newcrest making big moves, with RioTinto and Barrick on the hunt for copper and gold too.

Anyone could make a bid at anytime. We are about to take off well before the year end. I would take 80p if before the PFS comes out. If not, we wait for £1.50 in 1 year’s time.