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DBW,Indeed we will find out soon enough ,comon Barrack gold show your hand !!!!:):)
swaz, you've banged the same drum repeatedly. Give it a rest. I've just bought in below 20p and couldn't care less what happens in the morning or short term. That's because i've invested for the future by sowing a few seeds now. And by the way, i fancy bagging me lots more at the juicy prices you are pushing if in fact they become available at such bargain rates imo. Not really rocket science, given the current ongoing multiple crises around the globe, forecasting that any one stock might/might not drop. Ching ching. :o).
Guys this asset will most likely retrace in the short term to around 15/ 16p. Hopefully, it then finds support & continues to trend. It may trend up but may struggle to close over 23.12 before its retracement. I see a head & shoulders drop and it may even drop to lower levels. Let's see how it opens in the morning. Cheers.
DartFrog, in general, as I understand, exploration companies can be valued at any point during the lifecycle of exploration to production in a quick and dirty way by using a dollar value per unit of resource, which in my spreadsheet I keep as follows:
Exploration: 0.05 USD / Pound Cu
Feasibility: 0.08 USD
Development: 0.25 USD
Production 0.31 USD
Of course you can massage those values if you find better benchmarks.
Right now, I value SOLG in exploration stage between 50p and 55p, so a good buy at 20p.
Then to your question, in my opinion it depends on the probability you allocate to reaching any of those milestones and the relevance of time in your investment strategy. 40p very likely within a year may be worth more than 400p much less likely in 10 years, but that depends on your appetite.
Good luck for your investment.
4 LY, a real waste of a new user account, looks like you've alienated every genuine holder by say post 12. you need to try harder friend. I wish you the best of luck with your investment at practically the same time as you @ 7.5p and have regularly creamed off on the way up to 44p and on the way down for wonderful family holidays, new cars and treats for family and loved ones. your tone is frankly antagonistic and you should learn some humility. the only person to blame is YOU...
Good afternoon sipptrader, agreed, also figure will change, as more value is attributed to other tenements. It is a rough calculation, as I am not an accountant. So although I can read company accounts, I look at various fundamentals, and not how the figures were reached. Obviously this is not done in isolation. All the best.
Hello Quady and Goodday! Don't know why the subject title is $1670. now $1771. Hopefully on the way to my $5k 6.5 year prediction (or equivalent value if no $ price).
We should include depreciation writedowns in the calculation you highlight I think?
Good afternoon DartFrog, I think fair points, and like everyone else I cannot give you a value. What I can do However is give you some enjoyable homework, which I did after the PEA ( Partly, as I will explain below ), so out of date already.
Firstly, I would say a good chance of acquiring the money, with little dilution, in order to build and put into production. We don't get that for nothing if we stream, but if we get Bank loans and streaming mix, then I like that idea better. A quick look at the Silver, Gold and most important of all Copper, mined in the first ten years. ( All in concentrate of course ). Will give you your first figure. Work out a rough estimate of the running costs. ( I am expecting to get that with the PFS, please correct me somebody, if I am wrong ). This will give us the gross profit. Take away taxes and monies, pushed into development, and of course the annual repaying of any debt, and this will roughly give you the net profit. Then work out the size of the dividend.
As I said I did this after the PEA, but don't have an answer. as the running of the mine figure, eludes me. What I can say, is that the Gold price was lower, and still looked good. I will Do this calculation, as soon as we have the missing data, and dare say many more will, and they will post as well. Be nice if we all agree, but we won't as all calculated differently. However if we find, we are all in the same ball park, and that allows a dividend. Then this will rerate, and depending on our starting point, this could be rapidly, after all who wouldn't want to own a 20 pence share, that paid a 40 pence dividend. Last bit is tongue in check, as missing the operating costs, But I am beginning to enjoy the ride. I would want to say something about a buyout. To me a buyout in real terms, is someone like BHP, buying us and then delisting, and we become part of BHP. To do this they require 90% of the shares. I appreciate that they can make this happen, if they get 51% control, as they can keep dividends low, and force down the price. Think about the Verizon operation and Vodafone. But let's see them get 50% first, that will cost them, and we will still make money, however it will be a fraction of what we get, by going to production. All in my opinion of course. Good luck.
Ok 4LY I originally bought in at 2p then 7p and topped up many times since buying 144488 Thurs/Friday at 20.22p (including fees and stamp). You have increased 7.6p to 20p give or take and in 4 years that is over 25% compound growth per annum. Indeed one of your post states you think your investment strategy is "bearing up" yet in another post on the same day you say you are not happy. Well I'd be ok if I could turn every £76k into £198k in 4 years. Another post you ask for the SP in 3 years and the price of gold in 5,6,7, years. Do you just like to moan and be silly? Are you just bored and trying to entertain yourself? Well take this and do a bit of research. There will be NO price for either SOLG or GOLD. The value will depend on your % ownership of ounces of measured reserves in a stock or NAV or physical . As to the medium of exchange? Well that will depend who you are and where you survive!
The Solgold holdings of my wife and myself average just under 26p a share. My first holding was purchased at almost 38p in November 2018 and my second at a similar price 3 months later. What helped give me confidence at the time was BHP's holding in the company. At the time you could say I was an 'Exiteer' as I had presumed BHP would make a bid. Now that I have a much bigger holding, I am very much a 'Remainer' because if a successful bid came in at 40p, I would make a profit of only £14,000. If it were £1, I or we (including my wife's holding), would make nearly £70,000. And here is the dilemma: do we accept that, which would be very tempting, or should we wait 10 years or so for £10 per share when there are 4 Alpala's being mined which would realise us £790,000? Am I being too greedy?
Of course that is all hypothetical as whether or when a bid is accepted is not down to me, a very small shareholder, but the owners of the various blocks of shares. This I will watch with interest. To me Newcrest is the spoilt baby throwing its toys out of the pram whereas BHP has, as far as I have seen, not reacted in any way. If they, or possibly Newcrest, were going to make a bid, would it not be in their interest to wait until we were nearer to production when all the donkey work has been done? No doubt all the prospective bidders are weighing up the cost at any particular time and the likelihood of building up a winning stake.
If we go to production, then I presume there will be a rights issue to make up part of the cash shortfall, but at that time with the goal in sight that should not be a problem.
Of course anyone should be able to get out at anytime, or top slice, or whatever, if they need to.
These are just my musings.
Can take another year as far as I'm concerned.
Tick tock, tick tock, tick tock.
I don't think Nick is too bothered about CGP, he's happy to let things just roll on. Solg are sitting comfortably knowing that a 2 billion finance package is available. The outstanding .75 billion won't be a problem either, CGP may end up paying a huge slice of that. Oh, I forgot, theyre pretty squeezed for cash. Who has first refusal? Answers on a postcard please. NM is a shrewd cookie. Win win from here methinks, just a bit of time and patience, and I have both in abundance.
Good morning ssmith_trader, where do I start. You may remember me posting on the odd occasion, that I was invested with Fortune Oil, and indeed a concert group was formed, and we got brought out for 10 pence a share. We owned a quarter of China gas, the second biggest gas supplier in China, we had a market cap from memory of just over 300 million, it was a risk that I and other Fortune Oil investors were annoyed about. So before I invested in another share, that was originally on AIM, one of my priorities, was to check out the distribution on the share register. Let's say in your ever so unlikely scenario, that Newcrest acquires Cornerstone, or Solgold's shares, and they act in Concert with BHP, they still cannot preform a takeover, without a hostile bid, which they can do, without acting in concert with Newcrest.
Just trying to work out your past infestor moniker. Your not per chance the bright spark who threw his rattle out the pram and sold out to buy a painting for £30k are you? Judging by your recent posts you clearly demonstrate a bitterness towards Solg and NM which indicates someone who has a chip on his shoulder and is hell bent on getting it off his chest! Clearly whether your the Picasso loser or another of the sad souls who have frequented this board over the years with their bilious views trying to feather their own sad little nest. Either way you have exhausted your credibility on here so it’s time for you to put down your poison pen and accept that you were as wrong then as you are now about Solg so it’s a goodbye from me (your off into my trash can of filtered losers) and I’m guessing it’s likely a goodbye from most of the other good folk on this board who can see you for exactly what you are. Ahhhh feeling better already :)
Ooooops, gave the game away there 4LY.
Fancy repeatedly creatimg accounts to come and hammer a stock. What a pathetic use of your time.
Ssmith_trader - you do more crying than anyone on here so it's a bit rich for you to be talking about baby bloomers.
Those shares you sold higher - were those ones you bought even higher still?
I'll wait for NCM to acquire CGP. That's pure conjecture. I can't see NCM wanting to break the bank for little old CGP which brings SOLG to the table with first refusal.
4LY - I'm happy with Nick Mather.
4 LY Based on your first post and reviewing the final sentence, you either lied or enjoy this group... I know the answer
Posted in: SOLG
RE: Change the heading time.27 Jun 2020 13:42
Novice as somebody who never gets involved in the daily happy clapping on here. I feel I must take issue with your tight group comments. The reason we're a tight group is because you and several others spend your days hunting down and banning any form of debate that asks questions. I for one have no desire to be part of your ridiculous tight group.
Please provide us with a complete list of your past infestonyms 4longyears.
Continue with a second post if there is insufficient room.
ssmith_trade, I was under the assumption that while Cornerstone can be bought, no one can buy Cornerstone's 15% share of ENSA without SOLG's approval, SOLG having a right of first refusal based on the 2017 agreement. Is that not accurate? I am not informed about the change of ownership clauses in the SOLG/CGP agreement, but given NM's machiavelian attitude I would not be surprised if SOLG had ringfenced ENSA against the possibility of a CGP takeover.
Anyone knows better?
The $SOLG handle on Twitter provides a far more plausible scenario as to what is going to happen here vs what many of the baby bloomer commentators here think will play out. NCM buy out Cornerstone = increase in their holding in SOLG, then come the lockoff, both BHP and NCM bid together and take out SOLG for the cheap, with the percentage holdings they have combined and with retail backing, they'll get this through. I doubt this will be anything above £1 that some holders state simply on a DCF valuation of today and ... more likely around 60p. This last raise that NM did was to expedite drilling results that he hope's will be good.... he's left this all too late. NM has soured relationships from both NCM and BHP. Next step is a hostile takeout which suits me just fine. Anything around 16/17 level I'll buy back what I sold higher up. Let's hope we're even given shares in BHP or NCM who have better management and expertise to take mines to production.
Your investment strategy isn't just about whether you're in profit or not. You clearly wanted to sell these shares 2 or 3 years ago which suggests you're not at ease with the current position.
Good morning Gino, and Copperpot, Newcy Broon, it is for me from now on as well. Thank you for the brief history, always adds to the enjoyment. That's why I enjoy visiting vineyards in different parts of the world, as the story adds to the pleasure of drinking the wine, and evokes, pleasant memories. I have one sad comment, My consignment of 12 bottles arrives on Tuesday. However I have been informed by a friend of mine that Tesco, are doing it for 6 pounds for 4 bottles, that means 12 bottles for 18 pounds. Thought I would pass this on chaps. All the best.
Hi Scott, I'm not being contradictory to you matey, but I doubt that Newcrest know of any skeletons in Solgolds cupboard. Just because they had someone on the board doesn't mean he's privy to "everything" NM would certainly have his guard up with regards certain news leakage. Do you honestly think he would have armed Newcrest with info and then urinate all over them? NM is far too smart for that kind of thing. He's a few shots ahead of Newcrest and BHP and they know it. The only thing those guys and a few others have in their armoury is cash. I don't even think that will sway NM, yes a big offer is tempting, but wait another couple of years and the sum offered will seem paltry at best.