Member Info for AKGold

Yes i agree, the hardest thing is know a price to sell. Hope NM makes it easy for us to sell.

2 Billion dollars for Cascable would be awesome, pay 1.5 billion as special divi and keep rest for exploration...

Well I wish all long term holders get a massive return .....

MRE3 and Blance might be a game changer. Not sure if it will happen, a 3rd party in the mix would be always welcome.

Can someone paste the link please. It's good to see Brokers talking about NCM coming with an offer.

I agree the funding raised is not substantial, but it might be for a reason.

I believe NM wants to sell it, but don't want to give any rights or freedom to debtholders. By this way of finance he has all the options opened for him.

Between BHP and NCM now holding close to 30 % i don't think we need any seal of approval. I think next will be Cornerstone buy up by master strategist i.e. NM to have 100 % of Cascable.

All in all no more fears of funding for another 6-9 months.

Colin, if we are in the 40's range then that would be taken very positively by the market.

Also if BHP becomes major share holder it adds a lot of weight to Solgold. It would be interesting to see how cornerstone 15 % stake would be decided.

After MRE 3 , funding we should definitely be between 35-45 range not at the current sp level.

Great news !!!

Need to look at the details... This news if true take away the fear that Ecuador has problems. Risk is still there...

I hope the placing is at a premium between 25-30 p...

We have 2 working mines in Ecuador.. Mirador owned by Chinese and Fruta del Norte by Lundin . This itself gives all majors a anxiety attack of not being part of the race. They want good assets in safe jurisdiction . I understand people still have reservations about Ecuador but with time it will get better.

Like of Barrick gold, NCM, BHP, RIO , Glencore and others won't be sitting on the fence for long. In short terms the SP drivers would be -
1. Funding
2. Bid for Cornerstone
3. MRE 3
4. Results from Blanca
5. Drilling at other targets

The biggest driver would be the takeover bid, if I was part of M&A team of a major, I would not be waiting the price to be 40p and then bid, this is lowest it has been for a while. Come on take the opportunity and try to get in cheap.

Gl All

Also if all Broker's internal are thinking we are prime candidate for consolidation. All Majors who want to take an advantage would be have eyes peeled on the Ecuador.

Also with Blanca being drilled, Provenir and La Hueca next, we have massive potential.

Thanks mate, Note looks very promising. I like the statement 500% upside from today's current SP.
Well one day Mkt will realise the potential. Hopefully soon.

Agree, I think they are warming the market with the idea. I am expecting a few busy weeks before the year end.
The real christmas present NM can give us all is the News of funding at a premium to current sp.

Great views DG1, I do expect BN be a game changer and so is MRE3. Fingers crossed.

Well today's RNS has many good things -
1. Blanca being drilled and visible gold is being found, I think it's early to say. But if this has a potential of Open Pit mine then who knows. Photo 2 on RNS says "-Visible gold in quartz vein 96.97m downhole"
2. Funding negotiations being done and should be finalised by year end.

It's shame SP is not progressing to the great news, may be market doesn't think uncertaining, needs complete direction on the funding and other fronts.

GL All.

GM all - I am excited when NM said they are talking to many financiers to fund this, well we need more meat around the bones. I think another party will be brought into the mix. May be Glencore or any chinese giant.

Well good thing is we are not only talking about Cascable but other 13 targets as well.

Also more I put a rational spin, I don't think he is interested in doing road shows any more. This is based on them not participating in 121 London conference where they are listed and have major shareholder base.

I think either he is purposefully keeping the price down to make sure cornerstone is resolved and then he will give funding news and then follow it up with MRE 3.

Any ways my view points. Not based on any facts...

Do we think NM would still be able to reach out to Majors to raise funding (if it's not a stream funding ) and raise at a premium.
I mean as last time, as they don't have an option to participate in Open Market.

I mean likes of 28-32p for another 10% slice to BHP or NCM

I have just sent an email to Anna demanding the reason for no news.

Also do we know why all of a sudden Solgold is not interested in any presentations in UK, I am referring to 121 mining. They didn't attended earlier this year and not planning to attend one in Nov.

well we have Barrick gold, BHP, NCM, RIO , Han****, Chinese and few others. If this is the best Tier 1 reserve we should be in every ones radar.

Not sure if Big miners are waiting for MRE 3 or Funding to decide a price.

GL All .

The price jumped 9% wow. Anyone aware of anything happening. No RNS.

well we need any major to move first after that it’s a win win situation. I still believe Cascable will be sold soon. Post Mre 3.

Well said, I think next 3 months is very crucial for Solgold in terms of deal on new funding and MRE 3.

GL all LTH.