Member Info for mistermeister

Refer page 3 from this 9 months back, now compare to website today. It’s the same. http://www.solgold.com.au/wp-content/uploads/2019/08/SOLG-Annual-Report-2019-FS-and-Notes-Final-Signed-.pdf

Earthling- responded to you earlier and not meaning to post this to argue but to manage expectations. As mentioned on my last post would love a sale at a decent price (wouldn’t we all). Your earlier post”
no, you've missed the point

on the header of the website it used to say emerging major, now they have changed it.

I'm aware its still in the presentations

As I said, we will see, some of us happen to think this might be a change of direction.
“
The emerging copper gold major is still in the presentations YES agreed.

But this “new line” on their web site now is firmly on page three of the YE report 9 months ago. So is it a sudden change of direction?

Earthling / JS
Points well taken - although I am of the opinion that potential buyers would likely be at the very least in discussions with the board / NM now and wouldn’t solely Rely on a website heading to get in touch. I sincerely hope I’m wrong as I would love a sale. I’m underwater at the moment (by a lot) but sitting tight.

Board not bots. Autocorrect!

Earthling
Before you try and start another argument - you advised that their website now states on the header
“ Now says
Solgold is a leading exploration company focused on the discovery and definition of world class copper and gold deposits”. Which is true (mate).
I simply pointed out this is nothing new as their annual report from 9 months ago stated the same thing on page 3.

For your info, I have a 2020 diary.
So you are getting all excited in that this is new news and the bots are now listening. As you correctly pointed out the article was 9 months ago. Perhaps you ought to read the website. Mate.

Got me excited for a while earthling until I read June 19 YE report. Take a look at page 3. Same wording. http://www.solgold.com.au/wp-content/uploads/2019/08/SOLG-Annual-Report-2019-FS-and-Notes-Final-Signed-.pdf

Thanks Pad, are you able to share rest of the article please? Also echo's WI comment on twitter last week

Bit of a negative FT post. Not sure where / why / how they get the forecasts but they are bleak - yet recommendations on same page are buy. Any ideas?

https://markets.ft.com/data/equities/tearsheet/forecasts?s=SOLG:LSE

Does anyone know offhand what NM controlling stake is (DGR + shares + his other holdings) ? Interesting time as how much could a new placing of substance dilute this holding? This is a conundrum to NM I believe.

Earthling - my view may be simplistic but it aligns with NM story of bootstrapping. So far the narrative is that they (Solg) may use BN to fund cascabel. The inference of this is not another 6-7 years. Maybe My views in your opinion are simplistic- in which case by the nature of how I am making these assumptions - so are NMs. Trying to have a reasoned debate - earthling - so please try not to shut down if views differ. Thanks.

Earthling
“disagree, this has taken 6-7 years to get to here on just one project, still a way from production.”
Agree if there was another cascabel - deep and block cave. Other tenements are touted, by Solg, as bootstrapping therefore a quicker way to obtain free cash flow. By nature these will not take 6-7 years.....

Earthling,
Have seen the following comment similar to yours banded around quite alot "Or, of course NM could indeed be planning to take this all the way and become an emerging copper/gold major in Ecuador, but why would the majors allow this to happen?"
If any of the majors bought SOLG now (Cascabel only) they would absolutely be allowing this - giving funds to develop the other tenements....a conundrum

The current levels are a retrace of c 61.8 of the 46p high. Expecting a bounce and next leg up. BNc does this tally with your charts?

Just listened to Irwin... after 6 minutes he states - in the context of Solg and BHP "as proof of that WE have " - he then corrects himself to state "SOLG have had Newcrest/BHP" etc. Are they getting closer to the deal - certainly started as if he was "part" of SOLG. Deal announced soon....?

Qali - how is level 2 looking now?

Filthy - looks like the gap from September has been well and truly filled now.

BNc - do you think that this could be bottom of C correction wave?

BNc - hello matey. Hope all is well. Good to see you posting again. What is your c wave target and subsequent targets thereafter?

It has been touted alot that a plan would be for NM to sell Cascabel which will give funds to develop one of the other tenements. It has also been touted that majors will not want to let this go and allow another major to surface.
My view FWIW is that why would a major buy this and hence fund 11+ more mines which would be the stepping stone that Solg require. Makes no sense. Suspect that the majors will want the lot based on above and not partial amount. Major companies work in long term plans and would likely forsee this scenario.

Does the drop make it more attractive a proposition for the CGP offer? Just a thought...

FR101 - what are your chart views - is Cup and Handle in play on a daily?