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Article on how to incorporate the value of gold in the ground into m&a valuation:
https://aheadoftheherd.com/getchell-gold-a-case-study-of-gold-in-the-ground-richard-mills/
Eloro...that is a fascinating, insightful and significant article.
Its core conclusion is the average valuation of gold in the ground of $63/ounce...
Translate that to SOLG and you get $63 x 75 million ounces of gold equivalent, i.e. $4.725 BILLION, i.e. £3.9 BILLION, whch is
£1.25 a share...
The article also states that we are already in a gold market, ehich is why I contend we should be valued as a GOLD miner.
Junior Miners are mostly badly beaten down, but there is always eventually a bull market where many companies will multibag...why? Because the major miners aren't building enough resource; they have been complacent over acquisitions and when the rush starts they will start buying miners they could have got a whole lot cheaper...
But more importantly we will have a Junior GOLD Miner boom, for exactly the reasins mentioned in the article, especially that Governments have been buying gold like theres no tomorrow, plus gold has great defensive qualities when there is so much uncertainty.
GDXJ is about to break out and we will have our day...
And SOLG is a two way bet because we haven't even mentioned the copper price boom that most MAJOR commentators say is inevitable...probably by 2025...
So I'm just worrying that, with 20 interested parties in the data room, the real reason for the delay is that they don't know what to value SOLG at...
On reflection it should be no surprise that the SOLG share price is languishing...not just because Junior Miners are beaten down, but because everybody except the predators is fully invested and waiting...
There has been no TR1 so Berry Street's shares have almost certainly gone into institutional hands unless a new predator has bought them but is under 3%...
You see the irony is that if an existing predator, i.e. BHP, Newmont or Jiangxi declare an increased holding, or a new potential predator pops above 3% the SP will fly on Bid speculation.
So I come back to where to value SOLG.
If a predator values it at, say 30p they will immediately be hit by a counterbid(s), maybe even from a company(ies) that don't even have any shares.
You don't need to have any shares to make a bid.
And you can bet the Board isn't going to announce a recommended bid much below 80p unless they are certain it will trigger a counterbid(s), as happened with Noront.
So the ultimately successful bidder will only be confident of winning with a 'knockout' bid, which IMO would have to be north of £1.
Remember we have TWO Tier 1 projects that we know about but we also have half a dozen that could prove to be Tier 1 and over 90 projects in total....
My wife and I have almost 1.4 million shares. This is no Sirius and I am very confident we will make a life changing amount of money.
After all SOLG has served us very well so far...
Oops! we are already in a gold (BULL) market...
I hope you are proven to be right Rednight. I hope your reasoning proves correct. No problems there.
However, KItkat seems to have altitude sickness judging by his latest outbust:
"Plus the ever-multiplying new faces and winnets "
I noticed you used the indiscriminate plural Kit Kat.
From your dizzying heights as a conspiracy theorist and Putin apologist, I guess you need to be well-practiced in the art of insults. Whether SC can get a good deal for Solgold is yet to be seen but he has negotiated himself a good deal with 17p share options. The share options at 17p are surely a signal as to where SC and Solgold believe an achievable share price should be pitched. Okay, they would like it to be well north of this figure but no doubt SC argued for the lower price of 17p to give himself some chance of success. I am just pointing out the cautionary argument. If things are moving in the right direction we need more information.
Onwards and Upwards.
What a load of 💩
You have taken the best case scenario from a company based in the USA and correlated to Ecuador.
What a 🤡
Those underwater T20s must be really hurting……
Odious ramper that you are …….
lol 1.4m shares in the mid 20s average won’t be life changing for touched ramper…..you may not even make a gain
Tesla1, That's a little extreme don't you think? The point RK made about the whole sector being in the doldrums is perfectly true as well. I note that M&A is picking up in the sector. I also read recently that many fund managers including Jupiter and BlackRock expect this to accelerate over the next 8 months. 20 odd p is not the right price for Alpala let alone the whole of Solgold.
Cheers Red,
I found the article in my attempt to gain an insight into the correlation between the POG and gold in the ground.
Tesla, your constant onslaught against Red is uncalled for. I don't see you positing a reasonable alternative argument, just petty insults. Grow up lad! You are starting to sound like NAL.
That will be why blackrock liquidated their holding then 🤔
Red ramper is an absolute disgrace and has been since he was ramping in the thirties……
He has 3 underwater T20s, that need closing in the the next 10 days, no wonder he is ramping with bull 💩
Not sure who is more odious, red ramper or seanhunter, although I think sesnhunter sneaks it……….
Are there still 20 interested parties in the data room?
What have they been doing all this time, if they are still in there?
And why has none one of them decided to build a position at these suggested very low prices? Can anybody answer that?
Just because you want something or really need something to be true doesn’t make it so…
The most likely outcome for the foreseeable future is nothing at all happens, and while that clock ticks there is every chance other tier 1 deposits might get discovered, ones which are easier and cheaper to extract. Which means even less urgency to do anything with this one.
If the high teens or low 20s ever come around again, which is definitely no certainty, I would be counting that as a big win and one not to be ignored.
The record has been stuck for a long time, the chairs have been reducing significantly over the past 12 months, make sure you are not the one left without one if the music eventually stops.
Thanks Eloro for posting the article
Yep Eloro thanks
Just a reminder …. Eyes on the prize
There’s never a “genuine” reason for anyone without an interest in a share to hang around like a bad smell
“ SolGold (LON: SOLG) said on Wednesday it is making headway with the potential sale of its flagship Cascabel copper-gold project in Ecuador, as it has held talks with more than 20 “highly credible” interested groups.
The company, which merged last year with Cornerstone Capital Resources to consolidate 100% ownership of Cascabel, said that at least five potential suitors have already completed site visits. It added there were a number of follow-up visits being scheduled.
“External groups evaluating the project are being very diligent in their review as they progress through various stages in their internal processes,” chief executive Scott Caldwell said in the statement.
“In parallel, we continue to advance and de-risk Cascabel to position it as a turnkey asset,” he said
https://www.mining.com/solgold-advances-plan-to-sell-flagship-ecuador-copper-project/
Why would anyone make a comment like this unless they are quite annoyed. There are a lot of personal vendettas on here, and I get some have made money and others are down on their investment. But BBs are here for opinion and discussion, the ones that are significantly down on their expectations of this share are the ones who seem to get quite personal in their comments.
DBW does not know anything about posters and their reasons for wanting to comment but everyone knows why red ramper scours the internet trying to find an article with a smidgen of positivity to help him out with his underwater T20s…..
“There’s never a “genuine” reason for anyone without an interest in a share to hang around like a bad smell”
Also novice. Another point is, I don't pick on everyone. Just the clueless fantasists.
Like you mate, like you.
Also. Go over my posts, you will find the vast majority have been proven to be correct.
No lies, no fantasy, just my often right opinions based on facts. And many years experience investing in exploration companies
Also as I've said before, I've not got a vast amount in solg, it's a bit of a punt, along with several other exploration shares.
By the way, are you still a putin apologist.
Many apologies Tesla1. It was the US based active junior miners fund at BlackRock being referenced rather than the iShares section of the company where the shares of companies such as Solgold have to be sold as and when their share price falls so that the market cap is no longer big enough to qualify for the share universe being tracked.
Thanks RodneyT, good research though 👍🏻
Telsa, your 100% correct.
The ones in over their necks, are clearly the ones who abuse anything negative, and make up pure fantasy to further their case.
Then you've got the likes of novice.
Shirt tail Charlie.
Absolutely clueless, but pops up every time one of his hero's is ridiculed.
He's picked and lost an argument with just about every other poster on the lse board.
Sad little emoji man
My point exactly nal you just can’t help your juvenile nature 🤡 have a great life buddy not wasting any more of my life reading your posts
ONWARDS AND UPWARDS!!!
Arapthnation.
Don't let the clowns on here, with there threats to filter you, intimidate you.
I saw after your first post, the italian saying he was putting you in the bin, followed by the usual suspects.
You are entitled to your views, exactly the same as those who have posted the same sh** te daily for 6 years.
In fact your like a breath of fresh air, with some factual good points.
I see and hear you nal and like a repetitive woodpecker you continue to antagonise:..
Once and for all who would like to see nal gone for good ?
Novice …. Give it a rest
Most have these types filtered so they are gone for good.
Lol
Didn’t take long for tiny ray to stick its head above the parapet … absolute 🤡
It’s called living rent free in their head 😂😂😂
They never cease to amaze me
ONWARDS AND UPWARDS!!!
Thanks for confirming DBW I thought as much 👍