Member Info for pernickety

I have bought GGP seven times in past fortnight including 20k at 11.35 this morning.
All bar one showed as sells which gives misleading information.

If it is option 1 with BHP trying to get Solgold on the cheap they might not have it all their own way .
New copper and gold reserves would be attractive to the likes of Rio Tinto or other large miners.

Jason Ward said years ago that he thought Rio Amarillo was the best prospect out of all the concessions for a large porphyry mine.
For various reasons (permitting probably) they do not seem to have made a start on it, but if he is right it will be a game changer for Solgold.

Irrespective of the final placing price it is a drop in the ocean as far as BHP is concerned as they are already in the game.

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.

sssmith trader
BHP last raise was something like 22.15p, not much more than we are now.

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.

MTR has been a bit stuck for past 6 months, but looking at it another way, its share price has also doubled since late March early April 20.

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.

Addicknt
you are clearly not in the SOLG camp or got feet in both.

Jason Ward said quite a long time ago that Rio was the best prospect.
Let's hope he is right.

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.

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.

I think in his recent interview Nick said it would be $52 million that CGP would owe for their costs of exploration

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.