Member Info for mistermeister

BNc/Pinot,
Hope you are well.
I know that the split was sorted out but my point is how does this play out with Blanca 1 & 2
Blanca 1 = Carnegie Ridge (=100% SOLG)
Blanca 2 = ENSA (=85% SOLG/15% CGP)

The Cielito vein looks like it straddles both Blanca 1 and 2. Solg have been silent on the matter. Hence is this why they are not releasing drill results for Blanca (they do have have licence to drill here).
Suppose they released them - and it was a viable mine - who owns it if it straddles both blanca 1 & 2? ENSA? Carnegie ridge? Can you see the issues playing out?

My view is that Blanca is the cause of CGPs issue with SOLG. Look how close the "bonanza grades) are to the ENSA concession (figure 5) https://www.rns-pdf.londonstockexchange.com/rns/9047H_1-2019-8-5.pdf
The Cieleto vein runs through both Carnegie Ridge and ENSA concessions (Fig 3) https://www.rns-pdf.londonstockexchange.com/rns/9963U_1-2018-7-18.pdf
Surely this in itself causes an ownership issue and suspect this is why there is silence on Blanca drilling. (and maybe CGPs accusations?) Before NM has openly stated that Blanca may be a fast track way of getting gold to bootstrap the Apala funding. If drilling was done here and grades were good - would this change CGPs position - ie would this make them more attractive based on bootstrapping for the rest of the mine?

Clearly for SOLG to acquire CGP would resolve this.
Apologies if this has been discussed before.

whl- strange that “everyone has emails on their smartphones....”. Except you of course when you were in the pub!

Makes CGP look like an amateur bunch (again).

Colonel re your comment "CGP do have other licence blocks and these have terms which require some cash burn to fund them so on average I think they burn around $500k per month but you'll have to hop over to their sedar reports and work it out for yourself.".

I recall in around 2017 CGP span off their other assets and concessions - so do they have this burn rate? not sure of the answer here.

Ice - "So all of the chosen targets have been chosen for an initial gold bonanza imo.all near surface, all cheap to extract. Obviously pointing to a secondary strategy beyond cascabel."
Agree.
The RNS from Monday states this after the regional drive header:
"The Company wholly-owns four other subsidiaries active throughout the country that are now focussed on thirteen high priority gold and copper resource targets, several of which the Company believes have the potential, subject to resource definition and feasibility, to be developed in close succession or even on a more accelerated basis compared to Alpala."

BNc - I have had to phone Barclays and they need to request transfer. It is not as simple as dropping in the account (apparently). Give your stockbroker a call...

Just to let everyone know, have emailed Eliza and she informs that "Correct, the plan is to release drill results as they are ready and material, once drilling commences. SolGold aims to replicate the blueprint created at Alpala for all priority targets, which will mean frequent dill hole updates."

Has anyone got sight of level 2 now? How is the book looking?
thanks

Addinckt- re “sticky shareholders”. Depends if it is DGR, Tenstar etc....

Anon, only earlier this week suspected that DGR will take some as they have raised funds. A clean way for directors to buy too

Hey BNc - hope all well. A bullish pennant?

Personally I don't mind if it increases SP

Agree addicknt market wouldn't be too interested - what it may do its increase shareholding in DGR which may help fend off low ball offer and increase NM influence/stake in the company (albeit indirectly)

Thanks Jerry - I do agree with you - probably clutching at straws and wishing hoping for a higher SP! DGR may be a vehicle for buying more without looking like a corner shop!

Addinck - I wonder if DGR will form some of 8)... extract from DGR Global 26 May 2020...
The funds raised from the Offer (after payment of expenses in connection with the Offer) will be used to
continue to develop DGR Global’s business and meet its strategic goals. More particularly, funds raised
have been earmarked for developing the Company’s investments in its unlisted subsidiaries and projects.
Additionally, the Company may utilise some of the funds raised for further investments within its listed
portfolio, and to meet corporate costs and for working capital purposes.

Jerry, no need for a dig at the end - please be respectful rather than dismissive. There has been some discussion lately with the volume of anywhere between 1-4m and this can move the share price. Lots of shares are tied up in IIs and company etc. Buying up a small amount of shares can move this share price. There is also speculation that cornerstone selling has brought the price down to 11p. My point was not a huge amount of money to be spent, just enough to start to move the share price.

addicknt - I don't disagree with you - and very unlikely - although if a low ball offer came in based on share price now then the strategic plan would no longer be in SOLG hands and you would be 100% correct then, not ever! ... just trying to make a discussion point.

If Citi wanted the price to increase why not recommend a share buy back scheme for Solg? Would decrease the number of shares in issue and increase sp.

Hi Anyone got access to Level 2? Seems to be lot more buys vs sells at the moment..