SolGold Share Chat (SOLG)

Lunus - heard rumours that RIO are eying up Newcrest........

I just have a feeling that with the expertise that Newcrest have in this area, their investment to date, and with them being brought in to help, along with their advantage over BHP over when they could purchase us..they are going to become strategic partners for Sol and be involved.

Lunas - I liked the depth of your response. Happen to agree with a lot of it.
Yes I think the next 'catalyst' for upward movement might well be Newcrest/BHP "cuffs" off!
This stock has been flop ****ing for far too long now and 50p would do me a reasonable return.
Would love to read the risk assessments from the majors - regarding Ecuador!
Enjoy the ride, even if it bores one stiff..........

zoros Thx for the heads up. My understanding is that Newcrest can bid for the company from mid October this year, and BHP October 2020. My view is that Sol will get everything in place by March 2020 such that one or both of them will want to buy them. Personally I think the valuation of their assets will place them around 1.20 but if both companies want them it could be far higher.
On the political situation, I thought the mining policy was going to be set up similar to Peru and Chile such that it was going to be independent of political influence? Also, if the government want mining to reach 4% of GDP you would have thought a project this size has to be approved?
On finance, my understanding is that the guy overseeing it joins on the 9th September. Very experienced and ex BHP. To me they wouldn’t be aggressively expanding their portfolio and setting up infrastructure if they weren’t extremely confident they’ll get funding. All mining is high risk with high reward, I just think this is the best reward least risk one there is.
I appreciate we all have different opinions but as I’ve said, I’m holding until April and we’ll see where we are then.

Mog,nuce read indeed thanks for link,as for others your 50p bid,dream on !! More like £150+ just for alpala when its proven up that is ,you really think they need more funding with bhp and newcrest on board???,also do you not think the government will at some stage invest a chunk in this to take it to production and receive revenues close to 4% of their gdp?? Imho,, come on wake up !!,DYOR ....

says the man who allegedly bought 500k's worth at 30p range?

zoros, your "savvy" guess work might be right...or, may be wrong,no different than others here as none of us here can see the future......having said that,even if only half of your guesstimate is going to take place then 50p take over price is still near enough double bagger from here.....not that bad from where I stand.....of course the current price can drop even further,but it could also go the other way....my point is like with anything,you got to be in it to win it.....choice is for any individual to make,inc. your good self....GL whatever.

Welcome Lunus.
It's a bit 'tumbleweed' in here at the moment because the stock is going backwards, even after all the froth surrounding this company has blown away.
You will find the usual 'ostriches' on here who have 'bigged' this company up for years and years, hoping for ricvhes this week, next week, the week after. The worst were the chartists who, thankfully have had their charts blown clean out of the water over the future of this SP.
Problems afoot: SOLG need more cash - and because they 'appear' to want to go it alone, then they will find it difficult to rais the sort of money they need in these times where loans are few and far between. Then there is Ecuador - full of illegal mining activities taking up an enormous amount of the military's time trying to quell them and the next GE due late next year where a new president might turn against the legal mining activities to pacify his people. Ecuador is also ripe with corruption which hampers progress.
Your biggest problem though is reading posts from boy wonders who think it is all going to happen tomorrow and for loads of money.
It aint! The stock will continue to drop until a major buys it for peanuts. My bet hasn;t changed...this will sell for 50p to one or two bidders....or thereabouts...when the PFS comes out.
Watch out for the ostriches.....you have been warned....

Hi guys. I’m a recent investor and have just joined the forum. Despite the last two weeks I remain bullish. Q4 to Q1 are going to be exciting times imo. I certainly won’t be selling anything until April at earliest but I’m also quite happy to see this as a longer term (3-5 year) investment as from next year I can only see it rising.

archieee ..I have not been paying too much attention to Solg for some while as not too much to get excited by at the mo but just wondered when have solgold borrowed in the past and who was the lender..just that I do not recall this and I have held shares since when they first went into Ecuador..incidently you seem to be a little confused as on the one hand you say that Solgold will have to borrow more cash to continue drilling and then all of a sudden there will be a placing ..

What we all want to know is how are we going to fund this project,without to much or any dilution,we can all hazard a guess,but none of us know really.imho.

No thanks. 1.00 for me

Hands up who would welcome a 50p takeover offer on Monday for the torture of utter boredom to be at an end? Me!

Someone said a couple of years ago the company was trying to bore PI's out of their shareholding. They must have succeeded by now.

glass half empty still columbo ???

We had a good yr 2016 though ! Next yr - MRE3 then maybe hang on in there for MRE4 - BFS end of 2020 - maybe slip into 2021, 15 rigs a spinning might get a result or two through once the CGP holders have been screwed a bit, any French translators need a job - google translate must be out of action- maybe a bit more dilution, maybe next yr rodders, or maybe 2021 once an EV or two needs some copper or indeed we get a license for our ‘go for gold’ strategy after Ecuador authorities sign the ‘final stage’ permits - then those ‘multiple exits’ will be so swift we just won’t know which one to choose ! Until then though we just need to keep the faith and a slightly lighter investment account balance. GLA DG

Is it me or does the solg website only have the 2018 report up?

Another soul destroying week over with,its either another week nearer to oblivion or another week towards this time next year rodney,hopefully the latter.

shocking

Looking at the fundamentals Solgold has no option except to borrow more cash in order to continue drilling... this will inevitabily reduce the current price by (in my opinion) 25% to 30%. My estimates are from previous borrowing Solgold has undertaken.... Between now and X.mas we will see a placing of new shares which will ultimately mean dilution to all shareholders. There's now other way Solgold can continue (in my opinion) I have already sold half my holding and will wait till the price goes to 20p or just below before I buy back...
as ever DYOR...

https://www.miningweekly.com/article/solgold-bolstering-its-fleet-expediting-alpala-pfs-2019-08-16

Roddlel typo apols !!:)

Roddell,wise ,someone tried to hack my partners bank account this morning the bank blocked it ,you i need have to be careful these days

correct im not an internet bunny but do understand the workings of it, my mcaffee is reluctant to open the link provided so thats good enough for me, iv had trouble with viruses before and dont go there now.

Morning Max,yes patience rewards the faithful

so I'm guessing you don't use the internet much?