SolGold Share Chat (SOLG)

As announced, this world class asset is highly financiable. Franco is not there as a joke. Expertise can be bought.
This myth of 'cannot go to production is misinformation. End of.

Mather even said as much Shippy - said block caving expertise is more widely known now including in South America I recall

r's
BN.c

No worries Miagi365

SOLG 44c (25.5p) to buy...CGP $3.75...

Bozi, I was one of said 3! I recommended it for the information provided in the first half, about the board recognising and appreciating the support from PIs.

TheItalian

I'm a bit surprised that you felt the need to "critique" the company on the "missing of exit points."

We've been in the low to mid 40s on three separate occasions during the discovery and study stage. How many potential exit points do you want?

As for the three who recommended your message - I'd ask the same question to them.

If the company wants to pursue a strategy you don't agree with then the door is usually a good place to start.

So until 15 October the superposition of Solg is that it is both going to get taken over and it is going to production alone.

Good afternoon Jerry, They get 1% of the concentrate for the life of Alpala, so they get the price of all the resource into the future, so it's not on the estimate of what's in the ground, it's 1% of what's mined. Hope this helps.

Zoros, thanks for the link, I found that very interesting. Pretty much confirms what I said the other day, that Haveiron has a fairly clear and straightforward path to getting the stuff out of the ground and processed, with NCM underground mining experts and their Telfer facilities and infrastructure sitting next door hungry for ore ("closeology" is a great phrase!). Glad to know my thinking wasn't miles off.

He also mentioned the regular updates were doing good things for the market sentiment... Hence why I think SOLG needs some news now to shift the SP up a level.

I should know this but don’t. How do FN get repaid for their loan? Is it with proceeds of mine sales or is it in product mined? Ie who is taking the price risk going forward of the mines production?
I get it that production/resource is fixed basis the current estimate of product in the ground.

Just for the record Zoros, I have a reasonable understanding of Quantum Mechanics. So what your saying is NM will find this easy to build. The point is I listen to both sides of the argument, you only listen to one side. The details of how we go to construction will be laid out in the PFS and DFS, if only you had listened to the relevant presentations. You would know this. NM isn't going to build this himself, he will bring in the experience required at director level, when the time is right, and then, they in turn, will bring in the team of people, with the expertise to construct Alpala, difficult, sure. Impossible, that's a silly statement.

Zoros.
Whats to stop solg poaching block caving specialists?
Knowledge can be bought

I agree that this will be too big and complex for us to take to production alone, and the market knows this, hence our low SP.

Its too big for one major alone, let alone ourselves.

Nm always states in his presentations that we would sell at the right price, as I believe he knows a sale is inevitable.

Most of the people in the mining press have said like wise, so why would they all be wrong on this point?

in the SP will come around here at SOLG, imo when you look at the other mining Companies and what they have, ie GGP for example have a MCAp more than SOLG , when we have 23 Million ounces , they will be putting a maiden resource update out later in the year I believe, I don't think they will surpass that, but we will see, however the MCAP difference is telling when you look at our resource.

GLA LTH we should be sitting around 40p levels ,imo where we are now

Quady - SSorry about adding to your tally of an average of 15 posts per day every day month after month....but
O'Connor spends a few minutes describing the "pickle" SOLG find themselves in...that's all. Nothing more, nothing less...OK? Calm down dad.
The problem with your observation (waiting for PFS, DFS, TNT, LBW or whatever, is that the effing stock will stay @ 23 effing pence until then because of what O'Connor describes.
Don't you get it?
Put it another way......when, if NM (if he's still in post by then) gets around to describing how the mine will be built/financed, he will alread have realised that to do as such.....guess what?

He will need to get into bed with a major(s). You have to understand this Quady, joking aside now, SOLG cannot go it alone with Cascabel....IT'S TOO EFFING BIG! Block Caving to NM is like Quantum physics to you! (I lied about joking).
If we wait until SOLG has the technical and financial capability of operating a mine on this scale - it'll be 2055 not 2025.
Listen to what O'Connor says in the vid. Take a deep breath and understand this is why we are where we currently are, you daft b u gg er.

Earthling please could you tell me what is so attractive about buying CGP's 20% of Alpala, especially as 15% is held within ENSA, and the conditions of ENSA, how would anyone who brought CGP Monetise it.

Re CGPs share

It’s not logical to say their 20% is not worth buying, of course it is.

If our 85% is so valuable then it goes with out saying that their 20% is also valuable.

I don’t see why it’s so complex for someone else to buy their share at a higher price, especially for NCM who have links with them already and I believe still want to be part of this potential mine.

Not too long to wait now for PFS and for BHP to be free to bid for us.

I do think if we get the Franco funding over the line this will make it more difficult for the majors to buy us, without the funding I do think it’s just a matter of time before BHP and Newcrest buy us.

If Barrick came in on the action I believe we would get closer to true value in the subsequent bidding war.

Good afternoon Zoros, I listened to the entire video and minute 8, please tell me how this equates to the last two Redcloud presentations, and what is in the PFS and DFS, which shows what is said in minute 8, is of no consequence, as it's conclusion is not based in fact, whereas the PFS and DFS to come will be factual, and provide the plan how to construct the mine, and build it.

Cookie! You're talking to me.....respect!
Meanwhile......did you listen to the video at minute 8?

Zoros, sorry internet dusruption here atm,I think they would have both been given the offer of funding alpala before Franco Nevada deal ,I don't think they have fallen out with NM ,we may see a j/v yet with all three or four I think ,ggp has done very well I was in there but sold out small profit and still have good friends holding significant holdings there that are very rich indeed ,looking top heavy atm as long way to go regards feasability/funding etc and they only hold 30% there ,we are at mining confirmation stage for alpala then onto a couple of more tier1 assets as we continue drilling ,no brainer where this is going value wise imho thats why i think you are still invested here if am not mistaken

Zoros,I think o

I have interests in GGP, so while listening to this, look what pops up @ 'minute 8':

https://www.proactiveinvestors.co.uk/companies/news/925125/greatland-gold-s-havieron--on-the-path-to-becoming-a-tier-one-gold-asset--says-peter-o-connor-925125.html

SOLG cannot build any mine without a major doing it for them. This is the starting point for any argument. Two of the biggest miners on the planet knew this and so bought a foothold in the company with the intention of doing a JV with NM. Then 'out of the blue', NM decides he wants to go it alone after all and buys into Franco Nevada....and lo and behold, he now realises he's up a creek without a paddle.
The Markets are confused and irritated (as are the two majors) and this is why there is a stalemate with the SP.
As the guy on the video states....all will be revealed shortly.....and it ain't going to end well for NM (methinks). With the POG currently and the global demand for gold and copper.....NM is on borrowed time.
Z

No idea Shipright, I suspect people could argue, why did BHP pay over 40 pence a share for a share half its value.

Pbow thank you, you are of course correct, but its better than that.

Take my last figure of 21.46% of Alpala.
Now as Pbow says we own 4.8% 0f CGP shares, so in reverse we also own 4.8% of the 7.6 of Solgold shares, which equates to

7.6 * 0.048 = 0.3648% of Solgold shares which then says 21.46 - 0.3648 = 21.0952 %

But its better than that, as we own 4.8% of CGP's 15% of ENSA, and so Alpala.
Therefore 15 * 0.048 = 0.72%

So we deduct 21.0952 - 0.72 = 20.3752 %

OK CGP own 20.3752 %

Thank you Pbow, much appreciated.

Quady, why would they have paid that and when. The sp has only ever reached half that!