BHP and NCM are the threats here to a low offer for the company and they must have their share in any underwritten rights issue, but there is nothing to stop a company like Valuestone accumulating shares in the open market, little and often to build a larger holding, if they are of a mind to do so.
Any future raise will be based on investors current holdings (rights issue etc) and that will suit BHP/NCM going forward. Valuestone took a C$5 million stake in November last year and there is nothing stopping them buying in the open market, little and often, to build a better position. SOLG does not look overpriced currently 22-23p and could a good investment if nothing else for the likes of them as they have already shown an interest.
The raise from Valuestone (Chinese) of US$5 milliion at US$0.42 cents announced 12th November was to be used specifically for advancing Porvenir, so I presume management will use the money for that purpose.
Copper gold and silver is still in the ground. SOLG been badly managed but I do not think BHP and NCM will be selling any time soon. The share price has fallen but for me now it is all about trying to find finding the bottom, which may ( or not) be the inevitable rights issue. Lets hope the bottom is before the rights but we have to plan ahead accordingly.
Yes things are beginning to look better here, lets hope it continues. I still have old Viridas share certificates.
Name changes Riverfort Global Opportunities since 8th November 2018 Paternoster Resources 27/06/12 till 7th November 2018 Viridas from 01/08/2007 till 26th June 2012 Caldwell Investments from 31/12/1978 till 31st July 2007 Dumpton (Thanet) Greyhounds 24/10/1932 till 30/12/1978.
It looks as though the listing goes back to 1932 when it was a greyhound racing track. Dumpton Park Stadium (now Ramsgate Stadium) opened in May 1928 and had a few champions. Had a bit of time on my hands this morning so was digging around for what it was prior to Viridas.
Solgold may be trying to hang on playing for time to see if they possibly have another tier 1 resource on their hands before deciding on Alpala. If recent drilling at Porvenir or Rio Amarillo indicated that they might have another large resource and open pit would be an option, it would be much less complex and quicker for Solgold to develop. It would also then be easier to make a decision on Alpala, and if they decide to let it go, would then have the revenue to develop one of the them and other locations still to explore. Good upcoming drilling results will also increase the value of the company if completely taken out by the likes of BHP and give shareholders a better price.
My wife and I had already voted for our certificated shares a while ago. We both got paperwork in today to vote for our shares held in our ISA's which is too late to return with the Xmas post. It makes no difference now but on the ISA held shares it did not indicate as to how many we had. I presume there is a vote for every share held, so the Xmas post ( if there are others like me) delays may have held back some of the personal investors votes. I bought some more shares today. The way I look at it is whether Mather is in charge (or not) in the future, any sale has to be considerably higher than today's price of around 36p, and, as interest interest rates currently are very poor, much less than 1%, I see it as a good investment. This is only my opinion as I post this and not advice to others.
Rich I doubt that this will go back to the twenties, but if it does I see it as a buying opportunity in a company with a tier 1 asset which will eventually be developed by Solgold or a another large miner. With current electrification, the shortage of copper reserves will become greater and majors will need to look to secure their future . Ecuador is one of the last frontiers in this world for finding it with the added bonus of gold and silver.
RE: Crux Investor Interview: Questions for CEO.19 Oct 2020 18:52
I do not think Solgold would be issuing an RNS on a 273.7 meter drill length unless they think it may be of significance. Connell, Garwin and their team have already discovered Alpala and know what they are looking for in the next one. I have bought more today and at the current share price, IMO, the share price warrants the Alpala discovery on its own. Solgold have to issue disclaimers on RNS's as the cores have not been measured, but they own so much other tenements in a country that has had relatively little past exploration.
I agree Miagi In my opinion this is the biggest opportunity in the life of Nick Mather, so (if his health is good) at age 61, why would he want to sell up and go gardening when he may help change the fortunes of Ecuador and its people. Solgold's future may be out of his hands, but they already have one tier 1 asset and possibly more, in a country that they have first mover advantage with many tenements and over 80 geologists on the ground. Ecuador previously depended on oil revenues, but their future economics will heavily depend on copper and gold and they are open for business. There are huge copper deposits in Peru and Jason Ward thinks Ecuador should be no different given what they have found so far in a country that in the past was not that attractive to exploration miners. Nick Mather cares for the country and its people and would like to leave a legacy given time.
Frog You are a dreamer. We will make good money but £5.00 is pie in the sky unless it is long term. Buy a strimmer to knock your grass down before trying to mow it, and its good for the hard to get at areas. Otherwise, things are beginning to stir in the world of Solgold.
Solgold has lots of gold and copper in the ground which will be very valuable in the future irrespective of how markets will react in the short term. Look at the bigger picture, interest rates are very low for the foreseeable future, so where does ones money go to get a decent return. I think the patient investors will be rewarded here as gold and copper is on the rise and we have plenty.
Your focus is on gold, but copper will also be a big player when future transport and technology plays out. Corona does not like copper and cannot stay on its surface for very long in comparison to other metals.
RNS of 3rd Dec 18 stated that MTR had bought 14.7 million GGP @ 1.72p per share. They must have sold some if the holding is 9 million now, but still a nice piece of business as GGP is around 8.45p now.