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Angus Energy in talks to buy 'transformational' gas asset in North England


SolGold Share Chat (SOLG)



Share Price: 36.70Bid: 36.70Ask: 36.85Change: -0.05 (-0.14%)Faller - Solgold
Spread: 0.15Spread as %: 0.41%Open: 36.65High: 37.35Low: 36.65Yesterday’s Close: 36.75


Share Discussion for SolGold




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2
TheItalian
Posts: 1,546
Opinion:No Opinion
Price:37.35
RE: Chapada V Cascabel
20 Apr '19
Perhaps I am just stating the obvious, but since the fundamentals and getting stronger and stronger while the current strategy uncertainty is having a negative impact on the share price, this is just emphasising the buying opportunity persisting in the short term. Long term the investment seems very sound to me.
 
Cookiecrew2019
Posts: 1,308
Opinion:Strong Buy
Price:37.35
RE: Chapada V Cascabel
20 Apr '19
KB,NM has always said he give value to the shareholders no matter who you are an has a provenvtrack record so I trust in his judgement when he decides to sell up 2/3 billion? ,tempting even for NM I would think lets wait and see what happens get cgp out the way first .
Quady
Posts: 600
Opinion:No Opinion
Price:37.35
RE: Chapada V Cascabel
20 Apr '19
I have been investing a long time, if I had listened to expert opinion on certain shares, I would have never made any money. Investing is about understanding as many of the fundamentals and then taking the plunge if the story looks sound. And backing your judgement. Solgold is an unusual investment for me, as I like undervalued cash generative companies that have decent dividend cover.
earthling
Posts: 11,516
Opinion:No Opinion
Price:37.35
RE: Chapada V Cascabel
19 Apr '19
Also why do many of the experts in the various articles suggest the scramble for Cascabel is on.?
earthling
Posts: 11,516
Opinion:No Opinion
Price:37.35
RE: Chapada V Cascabel
19 Apr '19
yes, that was my understanding also, re shallow gold, think they are hoping BN serves this purpose as it is close to the current assets
Quady
Posts: 600
Opinion:No Opinion
Price:37.35
RE: Chapada V Cascabel
19 Apr '19
On the go for gold strategy, this is about near surface gold, to hopefully get a start up going. They are going to be taking their time to get the location right, as this has got to feed into the main project. But as you say a bid could come at any time, but unlikely this year, with the Newcrest tie in.
KB007
Posts: 1,199
Opinion:No Opinion
Price:37.35
RE: Chapada V Cascabel
19 Apr '19
Lock, stock & Barrel Cookie???

I don't think so!

Possibility of just Cascabel but I'm pretty sure Nick is holding out to production to get full value for his investment.

Maybe an inkling of a JV or possible Farm In (with big %)

For a full takeout then I'm damn sure Nick won't go for it unless it's mega bucks.

AIMHO of course!
Montecristo
Posts: 1,802
Opinion:No Opinion
Price:37.35
RE: Chapada V Cascabel
19 Apr '19
Dont get to excited, they talked up Aggi for years, yet it all went quiet after a couple of drill holes. These things are very rare even if they look great from surface.
Cookiecrew2019
Posts: 1,308
Opinion:No Opinion
Price:37.35
RE: Chapada V Cascabel
19 Apr '19
We will be sold before then I think ....
KB007
Posts: 1,199
Opinion:No Opinion
Price:37.35
RE: Chapada V Cascabel
19 Apr '19
They need to get the permits to drill Blanca Nieves...

If it is as rich as they make out then it can take as little as 1 year to develop a mine
earthling
Posts: 11,516
Opinion:No Opinion
Price:37.35
RE: Chapada V Cascabel
19 Apr '19
exactly re just have to wait and see,

It could go either way obviously re production or a sale.

Won't have to wait too long to see which direction we are going on.

Of course what ever stage we are at, a buy out can still happen, mines get bought and assets at all stages of development, as you know.

How do you see the go for gold strategy playing out then? as I initially I was under the impression it was the initial grades at BN, not yet drilled, that inspired this? I'm fairly sure they don't mean mining the gold at Alpala first?

If/when BN proves to be the exceptionally high grade resource he anticipates, again this would make it more appealing to one of the big miners, would it not?
Quady
Posts: 600
Opinion:No Opinion
Price:37.35
RE: Chapada V Cascabel
19 Apr '19
Good morning Earthling, on the contary if you were taking this to production, in terms of raising the required sums of money.This would be easier if it was one hundred percent owned by Solg. The fact that this isn't going smoothly could be some of the delay. We will just haveto wait and see.
earthling
Posts: 11,516
Opinion:No Opinion
Price:37.35
RE: Chapada V Cascabel
18 Apr '19
For example if NM was serious in his priority to take to production then it wouldn’t be so important at this stage to buy CGP share

So why is he going down this route with CGP if he was taking it to production just wait until they have to pay their dues ?
A sale in the next 3 months is my bet
Quady
Posts: 600
Opinion:No Opinion
Price:37.35
RE: Chapada V Cascabel
18 Apr '19
Only way to extract max value is production. I think we should take NM at his word. Wouldn't be surprised if the reason for the delay of the PEA, is it is going to include a completed funding arrangement.
earthling
Posts: 11,516
Opinion:No Opinion
Price:37.35
RE: Chapada V Cascabel
18 Apr '19
you could be right, I've thought the same recently, however a) it could just be front and he knows we will get a good price and b) its not just down to him if offers come in surely the share holders get to vote?
RICH3R
Posts: 8,987
Opinion:No Opinion
Price:37.15
RE: Chapada V Cascabel
18 Apr '19
(posted at the risk of Columbo telling me off lol) but I still have a horrible feeling that Mather wants to take Cascabel to production - which if true - takes us to 2022 as already mentioned or even later. We've been saying it for a long time now but we need one of the majors to dig deep and make an offer which is too good for Mather to refuse. Why do I think Mather wants production? Well I don't think it's about the money is it, as I'd hazard that he's hardly short of a bob or two already. No, I think it's about seeing the project come to fruition with all the satisfaction that brings - and it may be his last project before he retires? Who knows ?
stevie_C
Posts: 218
Opinion:No Opinion
Price:37.15
RE: Chapada V Cascabel
18 Apr '19
The ranges you mention are closely tied to my exit strategy. 76p is the kick-off and I'd be selling 25% at that price.
At 110p, next 25%. Happy for this to play out over remainder of this year and into next yearif it hits those levels.
It has been a long haul, though :(
TheItalian
Posts: 1,546
Opinion:No Opinion
Price:37.15
RE: Chapada V Cascabel
18 Apr '19
My own orientation is that IF a deal is announced this year, it's going to go through at the 70-80p range. But I don't see NM doing that. Next year, with further progress, probably 100-120p, and I am still not sure NM sells. Kind of annoying if our retirement plan has to be NM's retirement plan.
TheItalian
Posts: 1,546
Opinion:No Opinion
Price:37.10
RE: Chapada V Cascabel
18 Apr '19
Great question, impossible answer. If NM is really not willing to sell until full value is realized, we might be here entertaining each other with wild guesses until after 2022.
Dreamboatwarrior
Posts: 4,352
Opinion:No Opinion
Price:37.10
RE: Chapada V Cascabel
18 Apr '19
I also hope / expect that we will be bought ...... but if the wider market was expecting the same thing ( in the near term) surely the share price would be higher ?
Having said that it does feel like it’s being held in a vice like grip at present
earthling
Posts: 11,516
Opinion:No Opinion
Price:37.10
RE: Chapada V Cascabel
18 Apr '19
and if we get bought which many experts are expecting, what price do you think?
TheItalian
Posts: 1,546
Opinion:No Opinion
Price:37.10
RE: Chapada V Cascabel
18 Apr '19
Nope, just giving some parameters from the official literature.
All assuming the current issuance and based on MRE2, imho SOLG should be priced around 55-60p at this stage, move to around 95-100 after the BFS, and north of 300p once the mine is in development.
That's the theory. Sadly, we are at 37p.......
E.T.
Posts: 66
Opinion:No Opinion
Price:37.20
RE: Chapada V Cascabel
18 Apr '19
Theitalian are you saying our sp is about right for where we are on our time line ?
TheItalian
Posts: 1,546
Opinion:No Opinion
Price:37.40
RE: Chapada V Cascabel
18 Apr '19
Average valuation at the production stage is about 3.5/4 times valuation at the feasibility stage, for reference.
mog999
Posts: 340
Opinion:No Opinion
Price:37.25
Chapada V Cascabel
18 Apr '19
Man maths required here, Lundin Mining grabs Brazilian mine from Yamana in $1B deal, looking at the MRE for Chapada, owned by Yamana, it would seem to me on the face of it that Cascabel, based on the November MRE is more than four times the size, is that correct?, i know Chapada is a working mine

Links below for info

http://www.mining.com/lundin-mining-grabs-brazilian-copper-gold-mine-yamana-1b-deal/

https://www.rscmme.com/report/Yamana_Gold_Inc_Chapada_29-3-2018

Just trying to get an idea of what Cascabel could be sold for ? while we await news!!!
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