Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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I'm confident Solgold has the balls to f itself, should the time come. Any who disagree, are this-or-that phobic.
I don't want a fight, I'd like some opinions please.
Something stinks here !!! WTF
What are other London commodity stocks doing today?
how low is this going to go ?
Will it bounce ?
serious questions.
Colonel, I always enjoy your input although I rarely comment. I think that BHP would have bid already but fear a drawn out bidding battle with, well, however. After all, it is a big prize. Personally, if I were BHP chairman, I'd look for a joint venture with Newcrest but then... Two bull elephants with a female in oestrus?
Agree 100%
As I see it, we will drift down and up until we get the inevitable - and hoped for -corporate action. If the BOD are timid, we will get a cash injection (could come in several ways ) kicking the can down the road. If the BOD are as bold as I hope, they will already be approaching the two biggest shareholders saying 'if you don't want to bid for all or part' we will go to the outside world and look for a buy-in investor to develop Cascabel alone.'
The PFS is satisfactory, as far as I am concerned, but I await the big action.
buddy5 what's the point of your shallow and patronising comment? I read the PFS and I am happy to hold. If you are not you can share your views then sell or short, if you are brave enough. Thankfully there's the filter button in here so I won't be reading your carp from now on
Snugg, I think calling it gambling is a bit of a stretch, especially after yesterdays news and now we have a clear glide path to "mining production " as such. When I initially invested 5 years ago that was a gamble.
the only way solg is going to make the money people hope it will is when the first spade full of dirt is dug , always believed production is the most likely scenario and laughed at all the speculation with zero evidence to base them on, years of chat and bickering on here has amounted to nothing.
What we do have Now is less risk but companies do run out of money if they keep spending money like water, let the s drop back to 28p and fill your pockets but dont overstretch your own finances into just this alone. After all it is just gambling at the end of the day..
Rgcl we weren't so old 14 years ago!
Bank of America on SolGold today:
Cascabel PFS = Value is evident. More levers to pull…
-SOLG announces PFS on Cascabel/Alpala project 85% owned. Post tax NPV US$2.9 bn, IRR 19%. Upside levers for up to $1.8 bn NPV
-Beyond Alpala, SOLG has c. 13 interesting prospects in Ecuador, Porvenir "next up". We assign limited value to these.
-Maintain BUY. Price objective GBp70, now 0.75x our updated risked NPV calculation. We note BHP, NCM each own 13.5% of SOLG
A more conservative, modular approach to project
The announced PFS figures are lower than our previous NPV estimates which were based on the now out-of-date "PEA" (preliminary economic assessment). They also reflect a reconsidered, possibly lower risk approach to the project. The new project now only targets 21% of the available ore which contains c. 38% of the contained metal value. Construction will take place over 5 years with first ore processed in CY2029. The processing plant is modular with 2x 12.5 Mtpa stages staggered to match assumed fairly slow ramp-up of mined production. Management has indicated various "levers" which could still add up to $1.8 bn to the NPV. We've risked this and include c. $550 mn. That said, we include ZERO value for SolGold's other Ecuadorian prospects (see below).
If you buy now it's likely there will be quite a wait until a return. Dfs next stop then maybe after this if there is a decision to mine or we get bought for a decent return
Excellent post, rcgl2
about the SP value today. I am a long term investor and the PFS demonstrates that this company is worth much more than the current market cap. I am not selling any of my shares until there's an offer on the table. And if we go again below 30p I am going to add more. Time to let the CEO and the company to deliver, just sit back and wait
This one of the multiple exit points then .
Z - your stake in the company is probably worth more than the value of the last marginal trade that went through on the tape.
And people are right, the SP volatility is just noise. Look at the volumes and the sizes of trades going through. It's just PIs and short term traders paddling around in the shallows. For a decent sustained rise in price we need proper institutions buying. Funds, P&I etc, like when Norges was buying in a little while ago. There were people on here yesterday morning before 11am (!!!) claiming that the SP reaction was what the market thought of the PFS. As if any professional fund manager is going to make an investment decision in 4 hours based on a brief summary they read over their cereal at 7am.
PFS was an important milestone in unlocking value from Alpala and it was a good one. It's good for Solg as it stands, and it has a lot of upside and optionality, especially for bigger players. Better that than some monstrously over-ambitious and capex heavy plan that Solg had zero chance of funding, because then they would just be left to wither on the vine by the big boys until they dropped dead, and then the assets would be picked up for a song a la Sirius Minerals.
Personally I'm very happy to maintain my holding now. I have some things on my side that unfortunately don't apply to a lot of posters on here. I'm nowhere near retirement, I first bought in about 2.5 years ago and my average is 23p. So right now I'm still almost 40% up and I'm happy to hold for a good few years yet if needs be. I'm not all-in here, it's a part of my wider portfolio so whilst the swings from 20p to 40p and back can be temporarily very exciting and/or annoying, I can largely ignore them. With yesterday's PFS I feel Solg has a Tier 1 mine that it can likely fund itself and bring on-stream in the next 5-10 years, which if it does will then deliver me a great return on my investment. And all the while between now and then there is a strong chance a bid will be made or a deal done for Alpala which I will be in for and I will reap a nice premium from the current price if it happens. And on top of that, I've got a stake in whatever benefits might come from all the other regional cabs on the rank.
No offence but there are a lot of quite old people who have no one but themselves to blame for being stuck in Solg for years. If you're going to invest in a high risk exploration junior around the time of a discovery just because you expect that "this will get bought out" then you're giving a hostage to fortune. Not getting bought out isn't anything the company itself can do much about unless we want a cheap fire sale. And as Quady says, listen to the company, they've been saying all along they want to go to production and not get bought. And to expect a junior to get from discovery to production in less than 10 years is also madness. Even majors aren't managing that these days.
Couldn't agree more CD, all that is happening is the underhand method of transferring future golden tickets from the hands of the impatient to the hands of the very patient...
Yes Q, I think that following the PFS that we were all so excited about and now the heavy price drop, it has given oxygen to the morons. I think we all know what to do And I will lead by example as i am often the absolute worst at replying to them. Have a great day all ONWARDS & UPWARDS to 55p for starters ; o ))
Very sad to witness.
CD - "the market is low volume". Agreed, it is. So why on earth has this stock plummeted over the last 24hours? I shall tell you once more but slowly.....
market sentiment is reflected in this PFS.
It might genuinely be a very good PFS (from PI's perspectives), I happen to believe it can hold its own ground and is a relatively refreshing study, but...........
THE MARKET (because there is no-one else around controlling the SP (if there aren't many buyers/sellers, are there?) doesn't like it (sentiment).
I can only assume because of:
DEBT (IF solg go it alone).
Remaining timeframe.
<20% IRR (post tax is what counts) Don't window dress it.
It might also be because of the ESIA issue too, coming from Ecuador. DC played on this for some considerable time. He realises it is a make or break issue for the open pits and these will be the drivers for the PFS addendum.
The thought of you waffling on now for another 4 to 7 years, chills the blood.
I'll leave you with this. Emotions aside....why has the stock 'stoofed' this much since the PFS was published, IF....as you say...IF there is low volume?
Dig deep CD because you're showing your not gripping this.
As for GGP - you must be scraping the barrel if you need to go there, sunshine.
Z
The trading so far today is less than one million pounds in value. This is negligible. I would not be getting panicked. A lot of the real value in Solgold is not trading
Great post Ortherncopper, I think that just about nails this share buying/selling/trading/investing malarky!
I posted Tuesday morning that after the PFS release, the share would begin its traditional post news slide... its completely predictable and expected.. even more so with the spectre of funding now on the horizon, and not going anywhere. The only part of yesterdays RNS and presentation i was unhappy with was the vague, con committal noises regarding funding..
We wont rerate until that is significantly more clear... until then, this is a traders dream.. as the decent down in price after such a rise is as predictable as night following day. We are all invested here to make profits... with Solg, over the last 5 years, trading the news spikes is the best way to do it... yes, you may risk being out if/when news lands, but you don't have to trade your whole holding.... you get no extra merit for claiming to have have held and refusing to take any profits off the table... no gold star, or pat on the back.. its not any mark of honour..... you have just been diluted.
Don't get too attached to any share..