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NM is a rich man he gives 1% of his wealth away each year to charity He is trying to turn Solgold into a Mining Major and also help all the good people in Ecuador to benefit along with Solgold into a nation of wealth Hes trying to do this without having his company taken over on the cheap and the good folk of Ecuador turned into slaves working for the big mining companies he is very scared of Solgold being taken over on the cheap anything under a 90p he in my opinion would like to leave a legacy In a world of grab grab grab it is a refreshing story I have been in for sometime and have suffered the fall from 46.5 to 20 adding all the way Yes I cant retire yet but rather stay with this helping the Ecuadorians than join other stocks I am convinced this will come good NM has adopted siege mentality to see us through to production The more silent he stays the better for us IMHO big things going on Hes playing for time
50 year mine life and we are expecting NM to get things down to the correct month We were held up for three months with the riot police trying to get illegal miners off our land No whether it takes a year or two longer who cares Of course the dealers use this knowledge to scare us out of our shares I note today no bad posters and no auto trades I suppose those two are hand in hand In heavy seas the ship nearly always gets to its port but often delayed We are in mining in a South American country tier 1 mine to build which will run for 50 years even 5% out is 2 1/2 years No this will be north of 60p before a deal is made or production
In Discussions I would imagine Probably with more than just one company The longer it goes on the better IMHO How tricky must it be No wonder they have stopped drilling 22 million could last some time BHP agreed bid so long as no one else comes in the longer it takes the higher the price The bigger the bounce
If there is no news Monday it must be they are in takeover talks and everything has been put on hold I cant think of any other reason Cornerstone no volume up 14% just goes to show these prices mean nothing about the value
It will look like a very good move if operating for a year with no news leads to us getting cornerstone on the cheap. After all what us LTH hold is the same irrelevant to the share price. The big scare is someone buying us on the cheap. and not able to borrow the money to develop the mine. Nothing else is any different
The last three times in the past week with trading very slim I have added to my holding small amount Directly after my purchase there are auto trades with much lower prices I only bought 5000 @ 19.152 LOOK WHAT HAPPENED WITHIN THE MINUTE any ideas anyone
It could always be a deal has already been struck in principle That why we only needed 17 million It was a few months ago a relaxed NM said in a presentation that Newcrest likes us BHP loves us he knew then that this deal was going through Soon after the share price dropped from 23 to 18 and then tracked 20 i do hope we get a fair price
SolGold's 85% owned Cascabel project in Northern Ecuador and regional exploration effort. could it mean that BHP thinks we haven't found the rich core yet or does the regional exploration cover a vast area can anyone give me some ideas I still am holding long and strong
If Ecuador is full up of copper and gold reserves and everyone that is drilling is finding more and more Private companys might not be disclosing what they have found That the chances and value of Alpala is on the decline with a 2.8 billion development cost Solgold price is now made up by us having the best 13 areas to find fresh reserves near surface and until we have concrete evidence the price will stay at 19p Of course once proven with the drill bit The price will sky rocket just like when we first found alpala in took months to get above 3p and then some time later when proven rockted to 29p No one wants to fork out 2.8 billion and find they have a larger size copper find near the surface We just have to wait its win win for Solgold shareholders and NM knows that just keep the faith We will soon all be millionaires
IMO once the comptroller is happy or replaced by a another comptroller the finance is in place just a bit of paperwork to wait for The comptroller could be in the pockets of the big miners Delayed fireworks expected very soon Are these drills really turning or has that been made up The great standoff by NM we will soon be singing his name onwards and upwards
20p 0r 40p what the difference Loads to me with all my eggs in one basket but 0 or 60p is just as likely As I see it the value of Solgold assets at present are lopsided and alpala taking most of the value one might think But it deep in the ground If someone and it maybe Solgold themselves no experience in mine building however the cost we understand is 2.8 billion to build a mine in an uncertain area whether you pay 300 400 600 900 million for Solgold isn't the big decision for a major to make Its what the future price of copper over the next 10 years If no one whats to take it on thats fine by all of them no competition from Alpala if one does others will want a piece At the moment in time with the price low every major miner will be on standstill standby
Hopefully Ingo will hold Solgolds cards up very tightly to his chest in this game of poker Everyone who is interested is making out they are not Hoping to get on board as cheap as possible with a chance of a recession all can bide their time However Solgold needs financing when and if these trade deals and brexit is sorted No one of these majors will want to be left out It is becoming more interesting by the day I personally think it could the share price fall to pennies or turn into pounds What Solgold needs to go to production on its own is a permit to drill this bootstrapping site Then the price will fly
Keep your eyes peeled. Running out of cash NM seems relaxed share price dropping. Ecuadorean government and people need mining. Has he got finance sorted buy selling a stake to the government. To finance the mine. If this was agreed on by all what price Solgold shares. an open road ahead. No 121 mining looking relaxed. He has something coming up