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SolGold Share Chat (SOLG)



Share Price: 26.10Bid: 26.00Ask: 26.20Change: 0.00 (0.00%)No Movement on Solgold
Spread: 0.20Spread as %: 0.77%Open: 25.95High: 26.15Low: 24.80Yesterday’s Close: 26.10


Share Discussion for SolGold




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addicknt
Posts: 6,780
Opinion:No Opinion
Price:37.25
RE: Solg Copper Plan
23 May '19
My observation about Credit Suisse and BHP was only tongue-in-cheek, but, as Pad has pointed out, they do have a close relationship with NMC. And despite what the terminally dull Xray thinks, this sort of thing happens all the time.
Another point worth noting is that the grades have been known about for some time; this is not news. I wonder if the analyst used the Angry Geologist as his main source of info? (for your benefit Xray, that comment was also tongue-in-cheek)
 
ByronBayGold
Posts: 494
Opinion:No Opinion
Price:37.25
RE: Solg Copper Plan
23 May '19
It was clearly an article which was indirectly produced by NCM.

The games have well and truly begun.

BHP seems to be conditioning there shareholder’s for some future M&A activity.

Two articles this week regarding future ‘acquisition strategy’ and ‘electrification’.

Perhaps we can expect their next bid sooner rather than later
Padmaster
Posts: 2,704
Opinion:Strong Buy
Price:37.25
RE: Solg Copper Plan
23 May '19
Just an observation from a previous published analyst report by credits suisse and Michael Slifirski on Newcrest

The subject company (NCM.AX) currently is, or was during the 12-month period preceding the date of distribution of this report, a client of Credit
Suisse.
Credit Suisse provided investment banking services to the subject company (NCM.AX) within the past 12 months.
Credit Suisse provided non-investment banking services to the subject company (NCM.AX) within the past 12 months
Credit Suisse has managed or co-managed a public offering of securities for the subject company (NCM.AX) within the past 12 months.
Credit Suisse has received investment banking related compensation from the subject company (NCM.AX) within the past 12 months
Credit Suisse expects to receive or intends to seek investment banking related compensation from the subject company (NCM.AX) within the next 3
months.
Credit Suisse has received compensation for products and services other than investment banking services from the subject company (NCM.AX)
within the past 12 months
As of the end of the preceding month, Credit Suisse beneficially own 1% or more of a class of common equity securities of (NCM.AX).

https://www.google.com/url?sa=t&source=web&rct=j&url=https://doc.research-and-analytics.csfb.com/docView%3Fsourceid%3Dem%26document_id%3Dx508192%26serialid%3Dl5%252Bd5HaRPOZog%252BhOF%252FkyJqGuNcMPaUmNLqzmsGEXJqs%253D&ved=2ahUKEwja1demorDiAhV3TxUIHcLKB544HhAWMA16BAgHEAE&usg=AOvVaw39q9MuhkMh7WSjnxDCzvrZ
Padmaster
Posts: 2,704
Opinion:Strong Buy
Price:37.25
RE: Solg Copper Plan
22 May '19
Good evening xraytom12 aka Satanclaus
Padmaster
Posts: 2,704
Opinion:Strong Buy
Price:37.25
RE: Solg Copper Plan
22 May '19
Mr Slifirski seems to closely follow Newcrest ??

Analyst briefed about market sensitive info.

https://www.businessinsider.com.au/?s=Newcrest+slifirski
earthling
Posts: 11,718
Opinion:No Opinion
Price:37.25
RE: Solg Copper Plan
22 May '19
This how you spell analyst
earthling
Posts: 11,718
Opinion:No Opinion
Price:37.25
RE: Solg Copper Plan
22 May '19
Why don’t you invest in a share you’re keen on?

Guess that would be silly right?

Credibility you mentioned ? Now that’s the bigger laugh we’ve had since you were here last time around
earthling
Posts: 11,718
Opinion:No Opinion
Price:37.25
RE: Solg Copper Plan
22 May '19
Word clearly don’t fail you lol

But the content does!
Montecristo
Posts: 1,811
Opinion:No Opinion
Price:37.25
RE: Solg Copper Plan
22 May '19
It reminds me of Brent Cook saying the resource was uneconomic after MRE 1, he was not heard of again regards Solg after MRE 2
xraytom12
Posts: 399
Opinion:No Opinion
Price:37.25
RE: Solg Copper Plan
22 May '19
Now the analysit is jealous of nm. Words fail me
xraytom12
Posts: 399
Opinion:No Opinion
Price:37.25
RE: Solg Copper Plan
22 May '19
Market manipulation, markets will wake up to what we've got, now bugger me, analysists in the pay of bhp. REALLY!!!. Have you people no pride
earthling
Posts: 11,718
Opinion:No Opinion
Price:37.25
RE: Solg Copper Plan
22 May '19
Yes doesn’t add up re his comments, maybe he is a fellow Aussie who is a bit of jealousy towards NM? That or he is another agenda?

How can he say it’s world class then contradict himself ?

Unless he thinks it’s not bad for serious class asset ? Lol
FTJNY
Posts: 482
Opinion:No Opinion
Price:37.25
RE: Solg Copper Plan
22 May '19
My thoughts entirely Addicknt! You never truely know how unbiased these analysts are especially when the stakes are worth multi billions for 50+ years! Enough to make someone sell their soul which may explain this analysts comments?
addicknt
Posts: 6,780
Opinion:No Opinion
Price:37.25
RE: Solg Copper Plan
22 May '19
This is a first. 9.5bn cash flow over 10 years is apparently "uninspiring".
Additionally, in one breath he says it's "world class", in the next, the project is "modest". Hmmm.
My guess is that this bloke is working for BHP and is being paid to talk it down.
earthling
Posts: 11,718
Opinion:No Opinion
Price:37.25
RE: Solg Copper Plan
22 May '19
Maybe he didn't read it? what about the high grade rich core? As has been said none of us know tbh, but with 2 majors already on board and few other tier 1's being discovered, a PEA in the bag, I would like to know where our doubters are putting their cash instead of SOLG at this time?

xrayton, do you have any tips you'd care to share with us? serious question?
xraytom12
Posts: 399
Opinion:No Opinion
Price:37.25
RE: Solg Copper Plan
22 May '19
Read your post with interest. But did the analysist take into account mre 3,4,5,6,7. Or the feasibility study scheduled for 2020/1. Or did he read any of earthlings posts
TheItalian
Posts: 1,580
Opinion:No Opinion
Price:37.30
RE: Solg Copper Plan
22 May '19
''Uninspiring'', ''unforgiving'' and ''modest'' are not the sort of adjectives usually applied to mine projects courted by BHP and Newcrest Mining. But one of Australia's top mining analysts used all of them in his analysis of the feasibility study published this week by Ecuador-focused copper and gold explorer SolGold. Brisbane businessman Nick Mather is managing director and a significant shareholder in SolGold. Credit Suisse analyst Michael Slifirski said the mine project envisaged by SolGold for its Alpala deposit was world class in terms of its scale and risk profile, but was "not world class in grade".''The low-grade tenor of the project and high capital requirement appears to make it an unforgiving project that must be supported by other sources of cash flow,'' he said in a note to clients. ''Management presumably hope to identify and bring to production higher grade ore sources to improve the currently uninspiring long tail of modest cash generation.'' Mr Slifirski's comments came after the Alpala ''preliminary economic assessment'' was published on Monday evening Australian time, and outlined a mine capable of producing an average of 150,000 tonnes of copper per year over a lifespan of between 49 and 66 years. Alpala is also expected to produce an average of 245,000 ounces of gold per year and 913,000 ounces of silver per year. The project was expected to cost between $US2.4 billion ($3.5 billion) and $US2.8 billion to build, and closer to $US10 billion over its full life.
Grade doubts
The grade of copper at Alpala has been one of the few doubts over the project's merit ever since SolGold published its first mineral resource estimate in January 2018. An update to the mineral resource published in November 2018 provided some observers with greater comfort: one of Australia's top mineral exploration consultants, Richard Schodde, responded to the November update by saying Alpala had proven itself as a "world-class" deposit of a "tier-one" nature. Importantly for SolGold, exploration drilling is still under way in Ecuador, meaning the project may yet improve in terms of grade, scale and economics. This week's study said a mine at Alpala should generate a return of between 24 per cent and 27 per cent, but those returns were based on the assumption that copper prices will average $US3.30 per pound and gold prices average $US1300 per ounce. Copper was fetching $US2.70 per pound on Wednesday, while gold was fetching $US1273 per ounce.
Closely watched
Alpala's progress has been closely watched since BHP and Newcrest made rival overtures to SolGold in October 2016. At the time, BHP unsuccessfully tried to buy direct access to Alpala, while Newcrest was successful in buying 10 per cent of SolGold for $US22.8 million. Both BHP and Newcrest have since bought further SolGold shares, with the mining majors owning 11.1 per cent and 15.2 per cent respectively. A third ASX-listed company, DGR Global, owns 11 per cent of SolGold.
Padmaster
Posts: 2,704
Opinion:Strong Buy
Price:37.30
Solg Copper Plan
22 May '19
Uninspiring eh?

SolGold's copper plan is 'uninspiring'
Uninspiring'', ''unforgiving'' and ''modest'' are not the sort of adjectives usually applied to mine projects courted by BHP and Newcrest Mining.
But one of Australia's top mining analysts used all of them in his analysis of the feasibility study published this week.....,

https://www.afr.com/business/mining/solgold-s-copper-plan-is-uninspiring-20190522-p51pxy




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