Member Info for RichyRich1

For the equivalent of £1.5m Dan? So roughly 75m shares?

Funds in the kitty. Don’t understand only 1,500,000 shares though when we’re raising £1.5m!?

You don’t need to refute it Iceberg, hole 5 has always been referred to as the discovery hole.

Hole 5 was the discovery drill in Alpala. If it takes the same amount of time to find the discovery hole in La Hueca we’re looking at around 100 days give or take!

It’s not out of the question to prove up 2m oz by end of 2021. Gold price $3,000!?

I like to be conservative Dan. It’s all drilling dependent. Who knows they might even be able to prove up more than 1m oz.

If they can prove up 1m oz at £2,000 per oz (conservative Gold price given global turmoil and printing press!) £20m market cap not out of the question or roughly 11p per share. Still plenty of legs in this one as long as the drills hit the spot!

Included in this years drilling is the Laker prospect which has 3 IOCG targets located very close by. Can’t imagine what the sp would do if we hit an IOCG deposit but even without that Barnes and Baggy Green looking promising after applying detailed pathfinder analysis. Fingers crossed and bring on the drilling.

With SolGolds current market cap we would be in position 330. Wonder what the market cap will be end of the year if not bought out!?

Maybe NM is locked in negotiations with BHP on how they can fund the development of Alpala on terms suitable for Nick hence the delay in signing off the Franco deal!?

Cornerstone are just hacked off that they’re not getting to see how the PFS is progressing. The board can’t release an incomplete PFS it needs to signed off independently. Cornerstone have as much right to see the PFS currently as I do regardless of quantity of share ownership. Can you imagine if I asked SolGold to show me the workings on the PFS as it stands whether I hold 0.0001%, 2%, 10%, 20% of shares issued? They would tell me to beat it, it will be released when complete. Cornerstone think they’re bigger than they actually are and entitled to information when in reality they are not. The other thing that worries me is how are Cornerstone going to raise €420m for development costs? Even if SolG managed to acquire Cornerstones rights for $3.5m ( please let this happen but apologies to Cornerstone holders!) that would leave Solg 15% short for developing Alpala!?

Just for balance if the drilling results are poor we’re screwed!

I’m using an even rougher calculation of 1% in ground value, 1m oz at £1,900 is £19m so around 10p without dilution.

Any hint of an IOCG deposit then sky is the limit with only 186m shares in issue currently!

There’s not been any “expert” price forecasts as far as I know The Italian but personally I think Cobra is about to begin an exciting and interesting 5 months. The IOCG targets in particular could generate massive returns here but it’s a long way off before anything is proven up/discovered.

I’m also in SolGold and took some funds out of there a few weeks ago to get into Cobra. Hoping one of two things happen, Cobra first round of drilling is successful, take funds from here and top up in SolGold or Solg gets taken out and put more funds into here!

I’ve no idea Smickter just thinking aloud. NM has made it very clear he won’t sell Alpala separately so no point in putting in a bid for Alpala as NM will knock it back immediately. Cornerstone on the other hand if they had their board members on SolGold would probably flog it for around £500m!

The new board run by Cornerstone (absolute joke they’re trying to do this!) but they would instantly sell Alpala to highest bidder and take the punitive tax hit on this sell as they could still line their own pockets then use the remaining funds to explore the 72 other tenements. Not a bad strategy to get some money in the coffers but Alpala would be sold way under its value!

Interesting, offered 2.21p to sell 100,000 shares!

Out of curiosity how many investors on here hold 1m or more shares? I’m holding just over 1m, the directors have a good few million each but if there’s say 20 here with 1m or more and considering there’s only 186m shares on issue the free float must be tiny! If we get good drilling news (IF) there’ll be real difficulty buying any on the open market.

News due soon....stage 3 results, detailed drilling programme, IOCG funding announcement before the drilling begins in roughly 6 weeks.

I don’t think the IOCG targets are being drilled in the first round of drilling but when they are any sniff of that and a triple digit market cap not out of the question (or 60p per share!)

GLA

Puuuusssshhhh!! Anyone know what’s the next resistance after 23p is breached? Thanks in advance

Sorry had to change the subject heading as I kept getting excited there was another RNS!

What comes first £10m market cap or 1m oz? I estimate 1m oz in ground at 1% equals £18m so I’d imagine the £10m market cap will be first?

Expected news flow....first week in August results from phase 3. Board reviews the results to finalise drilling programme announced last week in August and mobilise rigs to site then drilling commences first week September?

Left field ADI funding announcement anytime?

Question is how low will SP go before drilling commences?

Not long to go now before the fun begins one way or another!

Will be interesting to see if the Newcrest director pulled from his position with SolGold decides to jump ship and accept a permanent position with SolGold! There’s the mining engineer/designer with all the know how position filled. That would really pee off Newcrest!