SolGold Share Chat (SOLG)

It’s a small world

lostagain, he was a childhood friend, although I haven't seen him since I was about 15. And yes, his father did own a chemist and someone told me he'd been involved in a crash. His nephew is Craig David.

Their dad owned the chemists I bought my second plate of his brother Steve Loftus 30 odd years ago I don’t know Dave. But I did know Steve had a brother who had a life changing accident. Was it on a motorbike. and knew very well some drivers who use to pop in once or twice to visit him

Add ..... always the one bit you can’t remember.... the taxi ride home

True.....just depends how protective Nick is over these licenses. I seem to remember him eulogising over each one on various occasions ..... some of the rock sampling has been impressive but it’s only a clue as to what may be there .
I agree that at some point he’s going to have to accept that we are not big enough to do this all on our own ..... least not in his lifetime.
A gold Rich easy to access ( shallow) deposit would be my preference , Blanca springs to mind but Rio Amerillo seems to be his latest favourite..... spoilt for choice .
Hopefully some indication today as to where we are with permits

lostagain, have you ever come across a fellow Southampton taxi driver by the name of Dave Loftus?

Hi DBW, maybe a way forward would be to J/V one or two of the other licenses out (spread the cost) while full focus is given to Alpala coming online. So many permutations possible here.

DG..... I agree 100% permits and drilling some of the other licenses is exactly what we need whilst we’re waiting on other fronts . It will of course require some form of funding , but I feel most would accept a small amount of dilution in exchange for some more elephant hunting and the possibilities it brings

BHP standstill agreement comes to an end

What is the October 15th deadline?

Thanks Skint. Yes I have been watching this site every few minutes over the last is it nearly 5 years. But I had a break for a few days as the price fell to 11p a couple of days after the cab work dried completely up in Southampton. It not nice loosing over £12000 a penny on the way down. At one point there I thought retirement for me and the lovely lady indoors might be selling the Big Issue in Bitterne. However I got a small loan to see me through coronavirus and added a few more only pennies at 13p and 16p. anyway now 41p gives me the figure I want It amazing how things change in life. and yes I am feeling confident. Good luck to everyone If it goes to 90p. I have promised to buy a Bentley get it plated and give free lifts around Southampton. Be lucky

Not sure if anyone saw the interview with Mark Bristow from SA who drove Rand Gold into the FTSE 100 and then merged with Barrick? He was talking about looking for a gold and copper play. Maybe Solgold is what he had in mind?

Hi DG1Investor, yeah wouldn't it be lovely to have 30-31p as support. Well let's see what happens tomorrow, hopefully the market likes what it hears from Nick!

Good luck DG1

Nice to see so many encouraging posts and old faces returning.

I wonder if it is because our BB policeman has taken a break and alternative opinions can now be discussed.

I am just wondering how our Southampton (?) taxi driver with 1.2 million of Solg shares is doing these days. I hope he held his nerve when down at 12p and has stayed safe driving “randoms” about in his cab.

Every penny rise is worth £12,000 to him and today we had 2p

Anyone in touch with Lostagain?

skint

Hi folks, there was something that I forgot to mention with regards to the way I voted yesterday. As you are probably aware, I voted that Solgold "will" take Alpala to production. I'm not sure if this will be done solely by Solgold or with a partner? I think the former more likely (believe it or not)! My reasoning behind it is...…….the infrastructure that's already in place... water, electricity, paved roads and ports etc. Now I know these things have been mentioned on here before, but I think the whole Alpala scenario thing could not be replicated again anywhere in the world. It really is the perfect storm!

I honestly don't think Nick and Solg want to hand it over to anyone at the moment. They would only let it go (reluctantly) for a "king's ransom" and that's just Alpala! Nick has also alluded to the fact that if anything is sold , it's the whole shebang! What's Alpala's dirt worth? What's Alpala's in place infrastructure worth? What's the rest of the company worth? I think Solgold, even at this early stage in proceedings, really is a monster company! I can't see any company taking Solgold out of the game in full, they just wouldn't pay that kind of money! I may be simplifying things a bit here, but I honestly think it is that simple! If you've got the prettiest girl at the dance, why would you want to give her away?
GLA.

GLA

Hi Quady - yep mate aware of the event tomorrow. Copper pot would be lovely if we could push back into the 30’s and hold this time.

Does feel like we are moving into a much better period now - who knows but I’d like to think we are on the ascending slope now moving away from the orphan period. PFS next Qtr - BHP released Oct - BFS mid next yr .....but what I’d personally love is to get a few holes stuck into those priority targets - we hit a home run anywhere else and the SP will go mental

Have a good week one and all and I’ll drop back in periodically

DG

Thanks, I am still not quitting as Best is yet to come. I am certain of an offer coming soon before the October -15.

GL all.

Congratulations AK, I'm sure you've done extremely well out of this share and that's great to see.

I stopped counting the years when I was young so I am still 20something at heart. Great investment SOLG, hold some good amount and had traded some in the past, current P&L positive and in the 6 digits so I cannot complain.
However, like any investment, time is a meaningful variable so one has to consider how long it takes to multibag and we certainly have not enjoyed a particularly smooth ride since NM decided he was not going to sell. The externalities have not helped of course, from the Ecuadorian revolts to the trade war to Corona, but we would still struggle without them. I still hold that we cannot seriously look at those beautiful valuations we like to dream about as long as we struggle to get anywhere close to the previous peak, let alone get passed it, considering the amazing good news that we keep receiving. I doubt that NM's aspiration to leave a legacy in 20 years fits with a speculator's view when he/she invests money in highly volatile equity markets for SMEs, or maybe it's just me, I would have been happy with a sale at 50-60p two years ago when he could probably sell it around that level.
GLA

I still I am, have been in here since 2007. Seen the glory days of 2011 (Solomon Islands) . Still strongly believe we will be sold before end of this year.

I am 28 but only hold around £1000 worth. I have been watching since the days it was 1p and AKGold was rallying the SOLGers on a daily basis.

AK
Posted this yesterday
Good newsSun 08:46
Press release

Saturday, May 16, 2020

This Friday, May 15, the Emergency Operations Committee (COE) issued the favorable opinion to maintain and resume mining activities in the country, with the approval of the Biosecurity Prevention Protocol for the Mining Sector against the COVID Pandemic - 19.

With this decision, in the coming days the process of reactivation of mining operations will begin in all its phases, which until May 15 reported a 60% stoppage nationwide.

In this way, it is expected to reestablish around 33 thousand direct employment places and 100 thousand indirect employment places, as well as immediately resume mineral exports, as indicated by the Vice Minister of Mines, Fernando L. Benalcázar, by 2020 “Between USD 642 million and USD 1,109 million are projected in exports and benefits for the State between USD 496 million and USD 892 million for the State”.

The protocol that was presented by this State Portfolio to the National COE on May 8, contains general provisions and minimum requirements that mining owners, contractors and suppliers must adopt to care for the health of their workers, communities affected by mines. and mining projects and towns near the mineral and input transport routes.

The document was socialized with 250 local authorities: governors, prefects, mayors and presidents of parish councils, a national level, and had the collaboration and experience of the Chilean Ministry of Mining and the contributions of Ecuadorian professionals experienced in health and safety in the mining industry ..

Cheers mate, some good run towards the close.

Not sure if serious momentum or MM’s playing games.

AKGold you got your 28p finish !!:):),ill go for 30p+ tommorow :):)

Hi DG1Investor, I agree, the board has picked up the last week or so. It's nice to have a bit of banter in the quiet spells too. Hopefully tomorrow afternoon will bring us some more insight as to where things are heading. A nice jump into the 30's would be nice too!

GLA