SolGold Share Chat (SOLG)

DBW, if they have these webinars too often w/o any news they are just going to get the same old questions. Why didn’t they have just one or two last year????????????

Ha... well said Quady. Zoro maybe you should change your handle to zero. Equals amount of shares you have in this stock and value you bring.

Hi addicknt, in relation to the share price, in my mind, its only a bit below were we should be, remember the PEA doesn't give us anything tangible, the PFS will rectify this, this is why we need the PFS before 15th October 2020. However only then, I predict a range of between 48-60 pence. What will move this is funding for the build and start building. If we can do this with no dilution of equity, through offtake agreements, then day by day, more people will start to look long term. There I feel will be more exit points. One last thing, in the presentation NM was asked if he was aware of a hostile bid from BHP. He quickly answered no. I don't believe any bid planned or coming. I thing Citi are their to maybe defend against bids we are unaware of, but, we have nothing to worry about.

anon, it's already longer than 6 or 7 years for some people

I would imagine because they know something that is not available to the market in general ... Those expecting the share price to rocket on a webinar are going to be disappointed but on the whole I think its great that they want to engage with pi's on a regular basis and were happy to answer any questions the could

Colonel,
"I just get the feeling that NM is spreading himself thin."

I don't understand your thinking.
You say the above, but want us to go full hammer on the other sites?
Surely that's spreading the company too thinly?

Personally I think it's being handled about right.
Ground camps built/being built and tap away at them.
But keep most of our available resources to prove up our current main asset.

As for the 1% vs 1.5%, I'd suggest that means things are very, very fluid and open to change, which is why they can't buy shares.
I wonder if you'd still be complaining if we actually got something better for that optional 0.5%?
Sorry, but you just seem really impatient. I'd suggest building a major doesn't happen overnight and neither does raising billions of funding.
It's not a dig at you, but if NM takes us to production in the next 6 or 7 years, I'll be very happy.

I take you sold all your shares Zoros, why would you want to remain in company, that has no future and is mismanaged in the way you say. Good luck in your next share holding, may I suggest you buy Aston Martin ( AML ), just your type of share. Complete opposite of Solgold.

Sounds exciting...I’m very positive about everything said today...we have the money practically..I think we all need a little more patience and we will be looking good by years end:)

Good afternoon Inittowinit2, we don't know, all we know is that something needs to be disclosed to CGP, which until that happens, directors cannot buy.

Colonel, sorry did you listen to the whole presentation, we have 3 more licences, water permits as well, we have the money to drill them out, part of the 150 million. This is going to happen, they have two camps built and building one. Yes Corona has held things up, but it has for everyone. We are going to get an announcement on the 2.7 billion dollars required. Sounds like 2 billion agreed in principle. It just takes time. WE ARE NOT CASH STRAPPED, NM made that very clear.

Why are their hands still tied?? What’s the reason for no buying?

5% down - nice one NM. You are your worst enemy.

Not impressed. Colonel Drake said it all.
Too woolly, nothing to get your teeth into.
Another 6 months before even a glimmer of change to this dull dull stock.

NM's plans are about as exciting as his demeanour!

Considering we apparenty have 16 other Alpala's in the making, you'd think the exploration phase across these licence blocks (ones with permits) would be a priority for the company but instead we are cash strapped and having to focus on getting a tier 1 asset into production with potentially hefty profit slices in fortune if based on streaming/smelting / offtake etc.

Not much has been done on other licence blocks since October last year. We had the stop gap funding deal by BHP at 22.1p last year which was to get us through to April/May. The MRE-3 was almost 6 months late. The list goes on.

Then came Covid-19.

I just get the feeling that NM is spreading himself thin. He's secured a quality Franco deal on the $100m, but question is why just $100m and not the full $150m. Why the option to top up? Is it because something else might happen come end of September and the $50m extra won't be needed??

I think the truth is, NM knows whatever he spends on the other licence blocks is just a waste of money as it's never going to be enough shorter term to derisk them. It might show some potential but it won't be conclusive. So what's the point?? May as well try and get Alpala to a position that is either go it alone finance or a buy out scenario. It's simply too late now in the game to be trying to move other licence blocks forwards through aggressive costly exploration.

That's now more likely for late 2021 once Alpala is signed off and handed over to the development teams. Then SOLG goes again with other licence blocks if it's still a listed company!

Good afternoon AKGold, that is lowball, this is the problem. three pounds is low ball, the point is the share price doesn't even represent the value at Alpala. NCM would borrow, rather than sell their 15%.

I agree , NM has plans to build a Major in next 5-7 years. Big Boys want to know now what can be done.

If I am a Major Watching this, I would be comign up with a Low ball offer . NCM needs money they probably would let it go if they are offered 60p, BHP may think long term and CGP will sell their stake as well.

If a Major comes buys NCM and buys CGP - they probably will have more then 30% to make a complete offer for Solgold

The share price reaction is unsurprising.
The market isn't interested in grandiose plans for production in 5/6/7 years, it wants to see some takeover action. And that is a fact. BCN is a very useful comparison in this respect. £1.20 per share, down to 23p following the announcement of a funding deal.
We live in a short term world and investors want quicker returns. Particularly in todays markets.

I see from the comments that Nick was annoyed the sp is low. It doesn't look like being annoyed has propelled the sp through the 30p barrier.

I'm annoyed it's low too, but what really annoys me is that, having emailed him on the subject many times, his answer is that I should acquaint myself with the all too often mentioned Lassonde graph and stfu. His comments about the discussion boards are pretty acrid also.

The truth as I see it is that since May 2017 when he announced that Solg were to annex Ecuador, the sp has been far from the Lassonde model. We're going through odd times and Ecuador has had some issues. I can't fault Nick's attitude towards our host country and the people of Ecuador but he needs a different song to look at Lassonde.

with so many exciting tenements, we should be seeing other peaks in the sp and we aren't. Was there anything to give hope about new finds in the webinar? I didn't watch it.

I, quite seriously, was spending my time in more fruitful pastimes painting my house and watching it dry.

Just wanted more clarity on exploration. Unfortunately, it was all a bit sketchy at best. You'd think they would be going great guns to get Blanca sized up and with covid lock downs being lifted we should have key focus to look towards in exploration/targets on other licence blocks.

Just a bit grumpy today as hoped for more professonalism and clarity rather than equivalent to a general chat akin to most AGM's!

Colonel, you had ample opportunity to ask.. why didn't you? This board won't give you the answers, but he might have shed some light for you. No point byatching here.

If I had a penny for everytime management said 'we are solundervalued' then I'd be retired with Salma Hayek fetching me ****tails by the pool.

The market has changed. It likes to value projects based on takeover offers rather than NPV. And until you get a takeover offer, the share price normally reflects a deeplu discounted market price. SOLG is valued at £500m right now. That's half a billion. As yet, there is no up to date PEA or PFS or DFS. $100m has been raised and another $2.6bln+ is required. Talk of finance is one thing but you have to deliver it in this market.

The question we all need to ask ourselves is WHY is NM frustrated by the low share price??? If he's going down the 'go it alone' route, then the share price will take care of itself in good time. But for some reason, I get the distinct feeling that NM is desperate for SOLG's share price to be higher.... either for the Cornerstone deal or for some equity finance to get exploration moving. And for the record... I do not think his response today was very professional regarding exploration outside of Cascabel. No timelines, no budget guide and not clean agreement on how the $100m is being spent. or $150m. Normally companies give greater detailed break downs.

So just get the feeling that these webinar's are all about keeping the pi's chirping for as long as possible as if they move on for 3 to 4 months and come back in September, then the share price is going to drift back to low 20's.

Well, whatever the content of the Webinar, the market doesn't appear to be over-excited !

I think it will sink gently until the end of september unless there is an update on the licences.

Price is being pushed down, not sure if it rose in anticipation of Webinar and would sit around 25p-27p range.

addicknt, I didn't see it as criticism, I think you hit the nail on the head, when you explain our differences, and always read your posts, as they offer me an alternative view. The one thing I have learnt over the years, is it is easy to self talk yourself into what you believe. You should always surround yourself with differing views and sanity check your thoughts. I do believe the further this goes, the more expensive it will be. If you are correct, I assume BHP will make an offer shortly after 15th October this year, when they are released from their standstill agreement. The problem I have and don't expect you to answer, is just how will they do that.