Member Info for mattlilly

"Our industry is considering coronavirus a thing of the past as most countries are easing lockdowns and this should propel M&A activity again," said Ingo Hofmaier, SolGold’s executive general manager of project and corporate finance."

https://www.miningweekly.com/article/gold-ma-back-on-the-agenda-as-coronavirus-restrictions-ease-2020-06-01

SolGold (TSX: SOLG) is a prime example of a commodity company that is almost certainly going to be taken over or make a lot of money in the coming years. SolGold has explored 10% of the world's newly discovered gold in the last ten years alone. In addition, management believes that the company is well positioned with its explored copper deposits in Ecuador. In other words, the company is sitting on several great treasures.

The market value is currently still trading well below the billion dollar mark, although SolGold already holds 13 promising projects. To date the company has defined a copper-gold deposit of 21.7 million ounces of gold, 9.9 million tonnes of copper and 92.2 million ounces of silver on the Alpala project. Based on published studies to date, Alpala's average NPV is USD 4.4 billion, after capital development costs of USD 2.7 billion, an IRR of 25.9% and a payback period of 4 years. The mine life is projected to be 55 years. Against this background, the company is an excellent acquisition target for a large producer who wants to build something in Ecuador and not start from scratch.

https://stockhouse.com/opinion/independent-reports/2020/08/04/dynacert-mcphy-solgold-right-shares-for-future

"As the top dog, SolGold is also the only company in the world with a pipeline of opportunities with the same geology, regulatory, tax and social environment. Given that the company's market value is still less than CAD 1 billion and that there are numerous projects in the pipeline, the value of SolGold in a take-over would be significantly higher. "

https://stockhouse.com/opinion/independent-reports/2020/08/17/barrick-gold-desert-gold-solgold-buffett-s-berkshire-gives-starting-signal

https://www.morningstar.co.uk/uk/news/AN_1600272575541478200/in-brief-solgold-kicks-off-drilling-at-porvenir-ecuador.aspx

The Cornerstone clarification was posted on 11 September...why did we take a further 4 days...?

"Due to the gold rich nature of the Alpala porphyry, SolGold expects that the project can support up to US$1 billion of precious metals stream financing, which forms a key element of the funding plan for the total US$2.7 billion CAPEX."

That's a pretty definitive intention for stream financing...

PFS still set at Q3 2020; DFS Q3 2021

Rio Amarillo "drilling planned for 2020"

Still shows La Hueca at 13 August depth of 91m....that can't be true...

Surely much more to come on Porvenir, La Hueca and especially Rio Amarillo...

Otherwise nothing new...yawn...

Oops Father Ted...you have to have balls of steel to buy ETFs...not for a relative beginner...and IMHO you can get more leverage from GPM/GPSS, with an underlying asset and therefore only the risk of negative price action on gold/silver AND the underlying wide spread of risk...

You could lose everything in an ETF...

Barry...you could always look at GPSS...this is a subscription share for GPM which is a widely distributed Gold and Silver mining fund that gives you exposure to major miners, explorers, developers, across US, Canada, Aus, Uk etc...

It is a highly leveraged way to get exposure to the gold/silver price...like an option...

Yes there is a 46 p call on November 30 but you can probably buy them for 17p or so, making the equivalent of 63p...the NAV is currently 76.63p...

In the meantime, if gold soars you could get a tasty short term profit...but don't buy unless you believe in gold and are prepared to hold...

Can I make clear this is NOT a recommendation. Don't touch it unless you do your own research.

Finally, I still think ATYM is a solid investment and is undervalued long term...producing copper with a healthy EBITDA and another mine pending permission...if I had the cash I would have bought more when it dropped to 176p recently...

DYOR and Good luck with your search...AIMHO as usual...

A couple of points MP...

We had a 9.5m day recently...I seem to remember the price got to 28p and got smacked down to the 26s again...

Second point...I repeat...on a day like today when we have almost 1.5 million buys why would 1.4 million sells take place when the idea is idiotic unless you're desperate or...

Like th 9.5 million day the MMs hammered the stop losses...

AIMHO as usual...

I completely agree SharketMare...its capped at 27p...every time it gets there, stock gets sold down and frankly even despite the boredom you'd have to be an idiot to sell SOLG now unless you had to, so one has to assume that it is being manipulated...

But that won't be CGP doing it, so it has to be somebody with a predatory interest and therefore good news?

AIMHO as usual...

Wow! Great!

Ah...thats better...

No posts after 15.56 except on thread view...

Page 1 is posts from first thing this morning...

Don't trust the technology...

UT at 26.9 followed by a 100k buy at 26.8...fingers crossed for tomorrow...and anon...and anon...

And there you go zoros...you can't stop yourself...and its not even subtle...get a life!

I'm on here to discuss SOLG, not GGP...this is getting really tiresome...many of the GGP holders can't resist gloating...so forking what...

These are two massively different companies in two completely different domains...

If you can't talk about SOLG please don't bother to post...it's tedious...

Sorry Quady, you lost the point there...if a bid would only be made after the bidder had talked to all the holders than SOLG's bid for CGP would be the same...

But there's no way SOLG have talked to all CGP's holders...

You're generally good but this opinion was off beam..

AIMHO as usual...

Surely this FNV presentation is a cast iron confirmation of the deal!?

Received just this minute from Eliza...

"Let's see where we get to once the FNV financing and the PFS are completed! "

Onwards and upwards...

Can someone explain...that's 100.6% and it says the free float is 38.63%...its meaningless...and I say again, why haven't these holdings over 3% been RNSed?