SolGold Share Chat (SOLG)

Redknight,

To access debt markets, you really need to have the governance boxes checked otherwise the compliance dept's on the financier side of things just walk away. It's just a routine board governance shuffle to allow for debt talks to flourish. If NM didn't do this, then BHP would know he was bluffing re going it alone. Plan B (or A) is getting ticked off nicely. Next up should be Franco deal signed but as per earlier posts, I suspect this will be 'managed' based on the bridge loan timelines. No need to rush into that deal (dry ink etc) unless the coffers run dry and clearly there is enough in the coffers right now.

I think its unlikely NM would be rationalising his Doirectorships if he expected SOLG to be taken over...unless its his early retirement plan...

Oh dear Tiger...apart from your hilarious selling out (full marks for integrity on that BTW...), once again compaRING THIS WITH SXX...

Are you that deluded or is that your rationalisation for selling on fear...

And this is the guffaw...comparing POLYHALITE (fertiliser) with gold and silver!! (Did you miss the Tier One copper resource BTW...)

I sincerely hope you didn't lose a bucketload in SXX but I suspect from your comments that you did...

Now that you're out I don't expect to hear from you until you're back in again...at a higher price...with seller's remorse...

BTW what was your exit price...25.9p?

Good luck with wherever you go next...ADT1 flying today...

Just wondering how CGP shareholders are thinking? Surely they must be warming to the idea now?

One thing I have certainly noticed in recent days is that the size of the trades, be they buys or sells, is much larger than previously. Signs that more serious PI’s are getting involved?

pheeeeeeeep!
All aboard the Solg Express. Doors closing.
Next stop 30p

Wow TBTT, that was a surprise.

I can only say that you are indeed wrong!

Tiger,

Good to see your true colours out in the end. You were never in this stock for anything other than a quick trade. Seen your types so many times before and nothing wrong with your trading - it's just the stuff you type that is ridiculous.

You have a pop at NM and SOLG board and yet your are invested in The betts family via HUM. This is a management team that decided it was a good idea to set up a private company and then basically farm out 50% of Dugbe asset to themselves leaving shareholders with not very much and the Betts family and co with all the riches. Probably bets to avoid the bunkerhill fiasco too!

So when it comes to your investment strategy, you are in no position what-so-ever to be taking pops at NM and team.

I think a new alias is your best bet form here on although suspect you probably already have a few of those.

L2 still think enami will play a part.
Bhp to take solg and enami to take cgp possibly ncm?
Who knows.

Theiceberg ....
“ I am not even that excited about the current SP as this is so just the start....”

Oh I am so glad someone else thinks this. All this talk about breaking resistance at 27p and big buys.....for heavens sake. It was driving me mad! We need news. And lots of it.... or a bid or two....to move this anywhere near value of what we have in the ground, and that’s leaving aside the extra value achievable if you are one of the folk who believe Solg will still be around when it comes out.

L2, yes, that's been discussed a fair bit and, were it anyone but BHP, I'd see it as more likely. But it is BHP and they want this for themselves. They will see no good reason for providing funding only for shareholders of another company to benefit - I mean, who in their right mind would?

Quady, I do have a price target, but it's so theoretical it's not worth sharing. All I do know, is that it's far in excess of where we are now. JerryS and I have very different views on this and my price is well in excess of his.
As to the shape of a deal, it will be a cash offer - I really can't see BHP wanting to dilute it's own shareholders by making the offer partly paper-based.
By the way, I agree with you about time adding value. But the key is not to push it too far. BCN made that fatal mistake and the CEO has turned the company into a virtual zombie stock as a result.

Also ex bhp human resources people being employed is a bit of a giveaway.
Bhp streamlining things and getting their own people in?

how about solg and bhppr someone else joint partnership developing this monster mine

Good morning DBW, this may be part of Citi defence, I suggested some time ago, we had to be part od various funds, IE: Pensions, Investment Trusts, and later on Unit trusts. We may see continued buying. Not sure the 50 K buys represent this, but hopefully, we will go that way.

Q more 50k’s

Good morning addicknt, thank you for your thoughts.
I am sure BHP would like to own a larger share, or indeed outright. I just don't think they can, unless they go hostile, as any friendly negotiation, while cordial, would mean BHP paying near to or full value. As you know, I have always maintained, that at the right price, NM will sell. But what is the right price. If the NPV on the PFS exceeds 9 billion, then this is 2-3 pounds at the moment. I don't believe anyone would offer that.
When you say a deal between Solgold and BHP, yes that's possible, but suspect it would depend on the terms. A JV is I believe out of the question.
My question would be, what would BHP want out of it, and does Solgold have no choice.
The first I cannot answer, the second, I believe we have many options and are not a distressed company.
You ask would it be a good thing in my mind. I again cannot answer that, as it's not a possibility I have given much thought too. Maybe I should.
In conclusion: I think we have a long way to go, the further we go, the more we are worth. I am not bothered about price fluctuations, as have been at this too long. So the longer we go, the more expensive we are. ( I realize that's not true in all situations ) The closer we get to production.
May I ask you a question addicknt, as we know where each other stand on our final destination.
If a bid does come, in what form will the bid be, and if it comes after a PFS of 9 billion dollars, what range do you think the bid will be in. As always, all the best.

Next rns will land anytime

"Other corporate plans and policies are currently in various stages of implementation.

Morning Add
I can’t see this going to production.... last nights stock house report was pretty bang on for me

“Equipped with gold, silver and copper

SolGold (TSX: SOLG) is a prime example of a commodity company that is almost certainly going to be taken over or make a lot of money in the coming years. SolGold has explored 10% of the world's newly discovered gold in the last ten years alone. In addition, management believes that the company is well positioned with its explored copper deposits in Ecuador. In other words, the company is sitting on several great treasures.

The market value is currently still trading well below the billion dollar mark, although SolGold already holds 13 promising projects. To date the company has defined a copper-gold deposit of 21.7 million ounces of gold, 9.9 million tonnes of copper and 92.2 million ounces of silver on the Alpala project. Based on published studies to date, Alpala's average NPV is USD 4.4 billion, after capital development costs of USD 2.7 billion, an IRR of 25.9% and a payback period of 4 years. The mine life is projected to be 55 years. Against this background, the company is an excellent acquisition target for a large producer who wants to build something in Ecuador and not start from scratch. “

Morning, Quady.
A question: do you really believe BHP are going to be content with holding a minority position in this company? Is it your belief that once NM announces the long awaited finance package, they will slink off with their tails between their legs?
Let's assume NM recognises what a weak position he's in (which I'm certain he does) and seeks to strike a deal with BHP whereby they provide the funding and in so doing take effective control without having to bid. Would you see this as a good thing?
I fully understand your belief that the returns would be greater over the long term if we are independent and, to some degree, I agree with you. But surely you can see BHP are simply not going to accept this? 15% of the company is of no use to them whatsoever and they most certainly aren't about to turn their backs on a discovery of this magnitude.
As NM repeatedly says, this is all about maximizing shareholder value, which he knows must come about during takeover negotiations - hence todays appointments , both at board level and of corporate advisors. By the way, I can't recall seeing the appointment of so many advisors by a company that feels secure in its future path. Surely, you can see what's coming?

I am glad he's gone, whatever his agenda was, it certainty had nothing to do with the SP or company doing well, his spinning of news to make it appear bad even when it was obviously good was bordering fox news and trump worthy.
For SOLG it makes perfectly sense for the company to be as attractive as possible for bigger investors with improved governance before any major news, such as PFS, conditional funding and regionals, so that they buy in, increase liquidity and help the company to grow when news is released. The last thing we want is the short term small investor selling on news and the SP dropping.

I am not even that excited about the current SP as this is so just the start, its unbelievable.

Using Latest Metal prices we have over $43bn in gold in resources, close to $100bn in Gold, Copper and Silver in just one resource, with the potential in many more resources of this size to come.
That $100bn Resource of Cascabel has BHP, Newcrest and Franco all connected to it and a PFS due next month with a full DFS in less than a years time. 500m or even 800m comes not close to the 100,000m that is contained in resource in project number 1, let alone project 2 thru 5.

Should go shortly. :-)

Any profits taking at anytime can't be a bad move,so good luck....YET,I will wait to circa 30p to be tempted topslice of my trading pot only....
Not to mention of course that my main core holding (keep on growing...) is there for the longer term,as long as it takes.....
GLA.

Massive volume for one hour forty-five minutes should git 28p then 30p this has alot to catch up, that rns was done to please institutions and us small holders

Not angry Magoo, curious. As an investor you think the likely outcome, will be a sale. I as an investor, think we are going all the way. The question was, since NM cannot convince you and others, that this is going to production. What can he say or do, to convince you. I admit, both are possible, and have based my strategy on that. Tiger, was a trader, and left, because he didn't believe this could go to production.