Solgold Share Discussion Threads

[pob69] 17/6/2020 08:07

Interesting to see Eliza Michael's post being advertised Solgold SOLG $SOLG $SOLG.L $CGP #cascabel #ecuador.

[lefrene] 16/6/2020 13:33

My other precious metals play is AAZ, no debt, $30+ millions in the Bank, paying a 6.5% divi, 32 prospects still to exploit in their district, and possibly the most competent, capable and honest Board on the whole of AiM. A market cap of circa £145 million, to me it's the best bargain I have found.

[mknight] 16/6/2020 13:18

I am sticking to solgold until christmas . Seems really undervalued not even going to trade it . Got my little lot and will wait .

[rougepierre] 16/6/2020 13:09

You might want to read the presentation and think again DD...

"Since acquiring the Vares Project in 2017, Adriatic has identified significant resources of precious metals at both Veovaca and Rupice..."

And from Tethyan...

"Coincident 1.5 km geochemical and geophysical anomaly containing two copper-gold-(molybdenum) porphyry centres
Mineralisation is coincident with anomalous gold, copper and molybdenum in soil..."

Finally from Sprott:

"Maintain BUY rating and PT of A$2.25/sh
We roll our model forward and adjust for new shares to be issued and immediate spend on the transaction and add a nominal US$10.6m (cost price) for the Tethyan assets while also adjusting our LT gold price to US$1450/oz and rolling our model forward. We will reevaluate the new assets in due course as they progress. With Adriatic’s share price having dropped from A$1.66 to A$1.26 post a global sell-off due to the Coronovirus, we see them currently trading at 0.25xNAV. Our 1xNAV increases from US$692m to US$707m and we maintain our BUY rating and our PT of A$2.25.
Why we like Adriatic
1. World-class polymetallic deposit, highlights 72m @ 21g/t AuEq / 44.6% ZnEq (100% basis)
2. Rupice resource of 4.6Moz @ 9.4g/t AuEq, or 1,057kt @ 6.9% ZnEq
3. Starting with UG operation generates quick payback and high IRR
4. Existing infrastructure, low opex, royalties and taxes
5. Strong permitting history in Bosnia, low permitting hurdle from this and existing mines
6. Pipeline projects in Serbia
Catalysts
 2020: Mining permits (urbanisation, exploitation etc.)
 4Q20: Maiden JORC resource – Kizevak and Sastavci
 4Q20: DFS - Rupice
 2Q21: Construction start
 2022: First production

[dozyduck] 16/6/2020 12:41

RP - perhaps the reason the ADT BB is bare is that its zinc ! - not known even as fools' gold ! Agree it might be cheap - and even, like Aussieland, everyone knows where it is. But if no-one wants to go there ??
Red Cloud webinar today re royalty cos should be interesting. Will show just how profitable they are and - conversely - how much they screw their clients !

[pob69] 16/6/2020 11:12

Oddly enough I am in Adriatic too for the same reasons (and more) and this is a useful primer (and no more from me on the matter as I post of that BB)....

[rougepierre] 16/6/2020 10:44

And now for something completely different..

First, I never ramp...how could I, even with 900,000 shares here I'm only a microscopic investor with no influence whatsoever...

However I believe in the concept of 'paying on'...two of my massively most successful investments (SOLG and ATYM), in each of which I've so far made six figures, came from suggestions made by people who I respect...that never stopped me doing and continuing to do, massive in depth research....it led me to take profits in ATYM up to 260p (back in at 110p) and SOLG at 40p (back in at an average 19.6p).

So I make no apologies for mentioning ADT1 (Adriatic Metals). We all have time here while we're waiting for the next big push...some are in GGP and congratulations to them...some of us are constantly looking for 'the next big thing'...I've dabbled in Kincora Copper, which is a world class prospect (next door to Oyu Tolgui), but it is too soon...but I am in MAG silver (partnering FRES in the Juanicipio prospect).

There are two reasons why I am mentioning ADT1:

1 It has an ADVFN Board, but virtually nothing is happening...it only IPOed last December and there is no m momentum yet...there's nothing to show on LSE either...

2 It is genuinely a 'world class' prospect and it is in a highly favourable jurisdiction (the Balkans), with strong Government support and a history of mining expertise

It has recently 'merged' with Tethyan Resources, which many of you may remember until it delisted in London but remained on TSX. The terms are seriously attractive and it massively increases ADT1's critical mass...

Finally, its best prospect has a NPV of $916m and many consider ADT1 is ripe for takeover by one of the majors already in the Balkans. The payback is 8 months!

Its PFS is due shortly and there are several other very attractive prospects, with copper and gold featuring strongly...

Anyhow,I hope this may engage you while we wait for the true value in SOLG to be recognised...this is my last mention off ADT1 but for starters here is their last corporate presentation...

Thanks for your patience and good luck. Rouge...

hxxps://www.investi.com.au/api/announcements/adt/c719e7c5-3d8.pdf

[mknight] 15/6/2020 18:58

I am surprised because everyone knows its worth 40p .

But it wont be long .

[arcadian] 15/6/2020 17:17

Were all the AT trades today telling us something? Perhaps the LSE people have a point but I`m surprised that despite the many buys, the share price was fairly flat.

[mam fach] 15/6/2020 15:23

Don't you just know price wants to break out.

[pob69] 15/6/2020 14:48

Now for a little variety...

Orchids..... with reference to Solgold SOLG $SOLG $SOLG.L $CGP #cascabel #ecuador.

The Espejo, Chical, Río Mira and Magdalena concessions are within the Dracula reserve, according to Javier Robayo. “Concessions are delivered without the consent of the owners, be they communities, protective forests or titled owners. The State provides huge areas where initial, advanced, and later exploitation studies are made, ”he says.

Mongabay Latam contacted Solgold and Enami to find out how they prevent their activities from affecting the Dracula reserve and if they consider actions so that the orchids are not affected. Solgold replied via email that "she has worked in line with her environmental care policies (from Ecominga and Dracula) to carry out her initial exploration activities, thus ensuring that current ecosystems are not affected in any way." In the reply that Enami sent by email, they did not answer the request.

[arcadian] 15/6/2020 13:15

Thanks POB.

NM = Solg

BUT I would like to see a decent offer for the company as then the employees would benefit too and would probably keep their jobs as well.

[pob69] 15/6/2020 11:40

Updated 12/6 shareholder list for Solgold SOLG $SOLG $SOLG.L $CGP #cascabel #ecuador.

Approximately 61.00% of the Company’s ordinary shares are not in public hands.

[mam fach] 15/6/2020 11:01

What a disappointing start to Monday morning.
At least sun is out and it's warming up.

[rougepierre] 15/6/2020 09:42

You could never be a paid deramper DD...too honest...

Massive speculation of Barrick bid on LSE...most of it hot air...

[arcadian] 13/6/2020 14:34

Dozy

The admission of making bad choices doesn`t help your credibility either...…R30;…….


But I must stop there as what started as fun must remain that and not become personal.

Have a good weekend and await all those wonderful drilling RNSs adding to that NPV..

[dozyduck] 13/6/2020 13:05

I'm always needing money. More than one ex to support.

[arcadian] 13/6/2020 10:44

Surely you are too knowledgeable and intelligent to be attracted to such prostitution and the mere admission that you might need the money will certainly devalue your currency here.

[dozyduck] 13/6/2020 06:48

RP - I do wish you'd tell me where I (me, me, me) can get paid to 'deramp' ! With most AIM shares ramped too high, so it would be like shooting fishes in a barrel to get paid while selecting any old one of them to do so. (And flattering to think anything said in a tiny corner of market gossip that only cranks seem to inhabit would move shares enough ! - But, then, it seems the MM's control the price anyway !)
So, who to believe in this wicked world ? And where can a chap turn a dishonest penny ? Would so much like to know.

[alwaysevolving] 12/6/2020 20:42

I wouldn’t call it nit picking Mknight. Buying shares in the market and making an offer for the whole or part of the company are two vastly different things.

I do agree however that we will indeed be taken out at some point and have always been of that opinion. Weather that is this year or not I wouldn’t like to say?

Have a good weekend.

[rougepierre] 12/6/2020 17:36

I've worked it out...Nas is a paid deramper...bit amateur though...

Have a great weekend...

Barrick holdings RNS on Monday...?

[mknight] 12/6/2020 17:14

Alwaysevolving

Nit picking a wee bit although you are right .

They will imho pay around 40p and they know NM wants multiples of that which means they will wait u til october and pay nearer 40p than 1.20

The market knows it otherwise it would be over 40p today .

I have over 1 million and will be happy to take 40p in 5 months double my money and move on .

If by any chance someone comes in and offers more better ..

Or

Starts drilling ....use the money quickly beacuse end of October we will be gone .If he finds another Alpala fantastic more money ..


Its a great hold .. better once i start work again and stop posting every 5 mins and easier to hold .

[alwaysevolving] 12/6/2020 17:02

Re 23065,

Mknight, you state that “BHP can’t make a bid until October”

I don’t think that is factually correct.

As far as I’m aware they can make a bid when ever they like. They are simply restrained from buying shares over and above a certain percentage holding without the permission of SOLG prior to October.