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Approx 18.95 pence now.
£50 million investment for 0.6% streaming deal implies over £8 BILLION of value in the future.... we are currently at £0.4BILLION capital. I know this is future vs present but shows underlying faith in the long term opportunity here.
For the new to this board, SolgGold have significant rights to explore much of the underexplored Ecuador... several promising prospects already been drilled out... One of them Cascabel, which contains Alpala has reached a phase approaching the definitive feasibility study.
Lots on here think wither Solgold will get sold, or just the Alpala or Calacabel asset will get sold.
Others think this will go to production in which case the company may be paying dividends in many years to come greater than the current share price.
FOR NEW INVESTORS! Don't listen to anyone on this board who black and white says this will happen / that will happen. They may prove to be right but NOBODY knows, and the board has a history of not calling out even recent announcements (e.g. Merger). Everyone has an opinion and that is great, but those who say this will / will not happen, are guessing / expressing an opinion only or in the worst case don't have an open mind to consider alternative outcomes.
My opinion for what it is worth:
This should hopefully go back up to 20's or 30's now some short term funding has been secured.
Agree with a previous comment, focus now seems to be on strategic review... i.e. what happens next for company.
On balance of probability my opinion is it will probably get sold (just the asset) but tax implications complicate this.
What I HOPE for is to take this to production and it becomes a BHP / RIO esque company built on multiple copper / gold and other mineral assets in Equador but probably that is 10-20 years in the future IMO, along with much dilution and risk.
19.02 paid at 10.10...
Once we break major resistance at 19p we're headed for the 20e...even before the stake sale...
The volume is already good at 3 million, but it will accelerate if we stay above 19p...and this could become the FTSE story of the day..
Sh4re you're missing an important point...
Its 0.6% of the equivalent of GROSS Revenues from gold and silver...
And its $50 million and $8 billion not £50m and £8bn
You have to subtract the capital octs of getting Cascabel to production, plus...
The annual costs of production...
I got the 55p from elsewhere...if I get the basis I'll post it here...
Once we get firmly through the strong 19p resistance the next big levels ar 22p, 27p and 31p...
Very happy with the progress here both with regards to the merger and the latest funding news … important we get behind the board at the AGM
BHP / NCM will not be impressed
Its not spurious, its from a knoledgeable poster on Twitter...
I just can't be a***d to reproduce the detailed calculations on here...
I prefer somebody else to shoot it down or verify it
@RedKnight, I don't think I am missing the point to be honest, the pedant can pick holes in every post and I most certainly do in my head pretty much.
You are a good poster from what I have seen, understand the context of my post in implied value at some point in the future, and this shows massive faith. CAPEX costs, risks, political, dilution of course factor into that future, I think that is taken as read. Take a step back and look at the semantics of the post and the intent buddy, simply trying to help any new to this forum with a snapshot macro view.
Nobody challenged my post at 9.12
"By my simple estimate, we are buying 15% of Cascabel for 13.3% dilution...
In NPV terms, $400m (£350m) for just over £50m..."
So I reproduced something somebody else had taken the gtrouble to work out.
Another poster said at 25% NPV it represented 89p a share...
I could do those calculations but I simply don't have the time when somebody else has put in the hard yards...
So lets just absorb the opinion that it values Cascabel at AT LEAST 55p a share...
I wasn't criticising you, I was corecting a possible misunderstanding...
It doesn't in any way undermine the very good points you make...
@RedKnight, agree, talking different perspectives. No offence taken.
Enjoy your posts have been reading / watching Solg for some time now.
Can see this dropping a little again, almost lunch time.
Then getting ready for a afternoon run hopefully.
There was a time when mixing $50m up with £50m made a sizeable difference. Way UK is going $50m might be worth more than £50m soon.
Just wait until they've tidied up their coffee spillages over on TSX and then guess we'll be back into the 20's.
Market has absolutely no reason whatsoever for keeping SOLG sub 20p now. We should be 25p+ based on recent market bounce.
That would be helpful lunch...
How about this lunch...
Total annual cashflow is $14.5bn x 0.6% + $187.2m in cash terms
At 0.6% is $87m
But Osiris value is $50m, so
NPV is reduced from $2.9 billion to $1.67bn (50/87)
Which is £1.44bn at current dollar rates
Divided by 2.296 million shares = 62p/share...
All comments or observations welcome
19.20 paid at 12.10....come on....!
Sorry that was a UT but 19.11 paid just before that...
Volume slowing but MMs still bidding for 100k above the market quote...
Its lunchtime...lets hope for an exciting afternoon...
MMs taking this down...
Tree shake...?
17.62/18.20
Definitely a tree shake...
Market quote 17.62/18.20 but...
Firmly bidding me for 300k at 17.73...
Lest see what this pm holds...
This is a spoof...
Now bid for 300k at 17.73 vs Quote of 17.62...price moving up..
There were some chunky buys starting to com e through before it was taken down and, I suspect, a B&B in 109k shares...
Somebody is confident...lets see when people are back at their desks after lunch...
Copper price gapped down this am on Chinese news, but seems to have stabilised and gold is holding at a one month high...
Bid moved up sharply to 17.94...18.20 paid...
Red good OBS there
Plus tsx opening to come