Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
You would think that JP Morgans opinion would have some affect on SP. SOLG name will be seen by many who have never seen or considered it as an investment. Most north American retail investors cant easily access LSE listed shares. Lets see if we get a bump in Toronto
I would think we are due for a drilling update and soon after our PEA. I'd say we get a drill updated in next 2 weeks and PEA will be released strategically to coincide with PDAC in Toronto?
I'll bet PEA comes out last 2 weeks of February... PDAC presentation March 5. There's no way they will wait until after PDAC.
Just another indication that there are things brewing.
1. BHP buying shares twice
2. Newcrest adding to their holdings
3 Cornerstone adopting poison pill
PEA next??? GLTA have a great weekend
I feel like someone is purposely keeping the SP in this tight range. It's almost like there is a private placement coming. CGP is also being kept at .30 cent CAD range. JMHO
Strid4- Yes that's my point. I think PEA will initiate a bid
I really feel the day to day SP is insignificant. When we move to the upside it will be sudden and you probably won't be able to buy any on the way up.... .37 - 1.00 overnight. Than a bidding war may begin. GLTA
May be the calm before the storm. It always amazes me what some people know before us retail investors.
An incredible drop in volume today??? Almost seems like someone who plays daily has not showed up?? Any insights??
1 Top Speculative Junior Miner to Buy in 2019
Matt Smith | January 2, 2019 | More on: SOLG
Image source: Getty Images.
A bidding war appears to have erupted over junior gold miner SolGold (TSX:SOLG), which is conducting exploration work in the Andean nation of Ecuador. The miner’s stock has soared by 28% over the last year, and there are indications that it could climb higher.
Emerging as a potential takeover target
SolGold has been attracting considerable interest from a range of major miners. Australian senior gold miner Newcrest Mining recently upped its stake in SolGold to just over 15%. This is after the senior miner invested US$250 million to acquire a 27% stake in Lundin Gold, which is developing the Fruta del Norte ore body in southwestern Ecuador.
Newcrest’s investment in SolGold came months after the world’s largest diversified miner BHP Group announced that it had acquired an additional 6% interest in the junior miner for US$35 million, upping its total stake to just over 11%.
There is every likelihood that SolGold could become a takeover target, as senior miners move quickly to boost spending on quality exploration and development projects to make up for the emerging shortfall in reserves and production caused by underinvestment in new projects because of the last commodity slump.
Quality portfolio of mining assets
Aside from SolGold being a potential takeover target, there are a range of other factors that could propel its market value higher, especially if gold moves higher over the course of 2019. SolGold is focused on developing the Cascabel/Alpala project, in which it has an 85% controlling interest, located in the Andes mountains in northern Ecuador roughly a three-hour drive from the capital Quito.
The asset has indicated and inferred resources of 11 million tonnes of copper and 23 million ounces of gold. It should be noted that while the content of copper and gold at the project is vast, unlike proved and probable reserves, there is no clear indication that the metals are economically viable to mine.
SolGold has a solid balance sheet and considerable liquidity. This leaves it well positioned to continue developing its assets, including the Alpala project. It finished the third quarter 2018 with A$54.5 million in cash and no long-term debt.
Lower jurisdictional risk
Historically, Ecuador has earned a bad reputation as a jurisdiction for foreign miners to operate in. Many gold miners, like Kinross Gold, failed to have any success in obtaining suitable frameworks in which to develop their projects, and it was this which saw the intermediate gold miner sell its Fruta del Norte project to Lundin Gold.
However, with the onset of the oil slump in late 2014, which had a sharp impact on fiscal revenues and growth in Ecuador’s oil-dependent economy, the government elected to deregulate the sector and attract greater investment.
To offset the revenues lost from oil production because of the long slump
I wish you all a prosperous, healthy and happy New Year..... A US/ China deal next week would be a good start!!!!
All the best to you and your families and thank you for all the wonderful discussions on this board
OWNT
https://www.kitco.com/news/2018-12-19/Expected-Supply-Deficit-To-Underpin-Copper-Prices.html
will 43-101 have additional drilling results or will they stop at MRE2 level???
Most of SOLG is held by large institutions/shareholders. The fact that someone just sold 27m shares and didn't report anything tells me there's probably more than we think. Everyone is holding and any moves are for retail needs... be patient all.... we will all regret we didn't buy more in a couple of months.
Its feeling like a whole bunch of things are coming together before something big is about to happen. CGP paying legal advisors with shares, Newcrest buying 27m shares at 40p.... I'd say these are all being done before a major announcement! GLTA
Shiprt.... It's really unbelievable that the stock hasn't risen on this news? The only way someone sold 27m shares is that they think it will benefit the rest of their holdings? I wonder if this sets off BHP to acquire the whole company... Am I missing something? This seems like huge news to me and the stock hasn't budged? Insights please
Very interesting news. There is no way CGP sold these shares that cheap unless there is something else tied the event..... Someone is holding down the share price in both CGP and SOLG. I'd think something will happen sooner than later. GLTA
Schlemiel. SOLG is only going to go up when they get taken out. Nothing else will move this upward until that point. Watching daily 5% fluctuations is a complete waste of time. One day you will turn on your computer and the SP will have doubled. A couple of days later you will know if there will be other bidders. Panicking over day to day swings will drive you crazy and eventually make you sell a company you so believe in. My advice is watch it at open and close and enjoy your life!!! Everytime I've had this happen (twice) the stock seems dead until BOOOOM.....
Just to add my 2 cents in..... I have heard that Schlemiel is quiet easy on the eyes himself!!!!!!
With today's dismal bond yields you would think NM would court large pension funds as investors. If the payback is 3 years and the cash flow after that is as high as we think it would be an incredible opportunity for a pension fund to achieve a return that satisfies its liabilities for years to come. Seems like a perfect fit to me. If he really wants to build out Cascabel (which I'm not convinced) that might be a great option.