Member Info for schlemiel

Yes, but you ignore the differing timescales and income-asset profiles of each individual trader-investor. Some can afford to hold stocks for many years and some cannot. I cannot afford to hold for years to come and if SOLG decides to go for production I will sell my stock because I know no matter form of financing package is used dilution will be a large part of it. You can call it 'boot-strapping', 'offtake' etc but to secure financing you have to sacrifice equity in the process. You have to 'give up' something to secure the financing required. The timeline to profits and dividends is extended well into the future.

that's my opinion, for what it's worth

I was looking at the volume rather than price fall. A massive trade went through - 754k @ 35p. It is this that caught my attention. That's a hefty £263k trade

Ok, let's call it profit-taking or even de-risking.

It's called a sell off.

Valuation:
Valuation set for a lift in Q4/18. In our view, the SolGold's current valuation does not reflect the already world-class nature of the deposit. The company has an EV of C$0.050/lb versus peers at C$0.056/lb CuEq (Figure 2) but does not reflect the material resource growth expected later this year. The deposit has attracted the attention of a few major mining companies and believe that SolGold will eventually be taken-out. Upcoming catalysts:
1) Ongoing exploration and
2) Resource update (Q4/18).

END

https://redcloudks.worldsecuresystems.com/RCKS%20Talk/doc/2018/October%202018/20181007%20-%20SOLG%20-%20Drlling.pdf

RCKS Talk Team, RCKSTalk@RedCloudKS

SolGold. – (TSX:SOLG; LSE:SLG)

Results Suggest Alpala NW Could Be a 2nd Porphyry

October 7, 2018

How do we compare to Nevsun's takeover offer of $1.4bn?

'Nevsun Announces Initial Inferred Resource for the Timok Lower Zone
1.7 Billion Inferred Tonnes Grading 0.86% Copper and 0.18g/t Gold Containing 31.5 Billion Pounds of Copper and 9.6 Million Ounces of Gold

Vancouver, BC – Nevsun Resources Ltd. (TSX: NSU) (NYSE AMERICAN: NSU) ("Nevsun" or the "Company") is pleased to announce the initial resource for the Timok (Cukaru Peki) Lower Zone deposit, a joint venture with Freeport-McMoRan Exploration Corporation ("Freeport").
Timok (Cukaru Peki) Lower Zone Initial Mineral Resource Highlights:

Porphyry copper inferred mineral resource of 1.7 billion tonnes grading 0.86% copper and 0.18 g/t gold (0.96% copper equivalent)
Contains 14.3 million tonnes (31.5 billion pounds) of copper and 9.6 million ounces of gold at a US$25 cut off
Includes 1.1 billion tonnes grading 0.99% copper and 0.21 g/t Au (1.11% copper equivalent) at a US$45 cut off
Ranks high in grade, size and contained metal for porphyry copper deposits worldwide' (26 June 2018)

08 October 2018

"There are too many companies in a business that's too small"

In the wake of the drawn-out pursuit for Nevsun Resources and the proposed Barrick Gold-Randgold Resources merger, Sprott US Holdings president and CEO Rick Rule has outlined why he expects to see a new chapter of M&A activity.

n an interview released last week, Rule outlined two key reasons for the M&A trend to continue - too many companies in a small industry and high-quality resource deposits available at attractive valuations.

"There are too many companies in a business that's too small," he said.

"[And] the industry has too much general and administrative expense — so anything you can do to ‘thank and excuse' one set of management teams and rationalise more assets under fewer managers, is a good thing."

Rule said the company was reviewing the top 30 M&A targets and had whittled it down to a top seven "as we speak".

He believed the gold sector was "most ripe for consolidation", given that gold miners' cost of capital was lower than base metal miners' and because more development financing options were available.

However he expected to see broader M&A activity in the coming years.

"Any top quality deposit, irrespective of commodity, will be a prime takeover candidate in the next five years … even greatly out of favour commodities like uranium," he said.

https://www.mining-journal.com/m-amp-a/news/1348178/%E2%80%9Cthere-are-too-many-companies-in-business-that%E2%80%99s-too-small%E2%80%9D

May - I suggest you email Mather or the company then :)

those small AT trades can cause real damage on the way down...such a tiny sale and whack, the price collapses...

the abuse of the order book STINKS

'moved more rigs to Alpala'?

'further drilling' does suggest they are upping the drilling activity at Alpala. I think that's correct isn't it? Haven't they moved rigs over to Alpala?

'further drilling'...note the word, 'further'. I take that to mean 'in addition to'

'Lack of interest on the Ask looks to be the culprit'. That would suggest a lack of sellers and a stronger price. We have a surfeit of MM's sat at above current prices with heavy orders to sell though I suspect those orders are price blockers rather than a firm intention to sell at those prices.

That's my take albeit an outsider's one!

This stock is being held in check by using weight on the offer side

is so skewed to the sell side it's unreal

233k v 791k

put the cat amongst the proverbial pigeons would be a takeover bid for Newcrest from another non-BHP major. This article's dated June 2018. Gold majors are looking to either merge or acquire to replenish their reserves and reduce costs. The recent Barrick-Randgold merger is a harbinger of what's to come. Can you use the term harbinger in a positive manner? I digress somewhat but the direction of travel is definitely M & A (murders and executions) in the natural resource sector. With US rates on the rise, gold will come under further pressure as capital flows away from yield zero assets (gold - zero yield) into higher yielding assets (US Treasury). Gold companies will seek protection in size and try and gain access to a hard commodity that is in demand for industrial usage (copper) rather than gold which is more a cosmetic and inflation proof asset (which i believe is fallacious)

I am glad SOLG is copper oriented with gold providing a source of invaluable financing

https://www.afr.com/street-talk/is-newcrest-mining-the-next-big-ma-target-20180605-h10z4v

'more than one'

Mather appears to think there are more that one 'Cascabel' across SOLG's tenements which then begs the question that if Mather wants to take Alpala-Cascabel to production at a Capex cost of around $3bn what does SOLG intend to do with the other potential discoveries? It is of course an enviable position to be in and one I suspect most junior explorers would embrace. SOLG does indeed have an embarrassment of riches at its disposal and the potential for hefty gains for the shareholder is obvious to anyone who cares to 'see'

It's the capital cost of bringing these discoveries into production that represents a risk that must be spread amongst companies who can absorb such financial demands

Ian Hannam’s mining group garners approval for Afghanistan projects

A mining company set up by a prolific City of London dealmaker has finally secured approval to start exploration of two big mineral deposits in Afghanistan, one of the world’s most dangerous countries.

At a ceremony in Washington on Friday, Centar, which was founded by former JPMorgan banker Ian Hannam, and Afghan officials will sign contracts over two sites in the war-torn country that could contain significant amounts of copper and gold.

“The responsible development of Afghanistan’s minerals deposits would be truly transformative for the country,” said Mr Hannam, who founded Centar in 2010.

“I am grateful to President Donald J Trump, the current administration, and the US Department of Defence who identified these assets and financed the tender process for the government of Afghanistan.”

Centar won approval from Kabul to start development of the Balkhab copper project in 2014 but had not been able to agree terms for a contract to develop the deposit until now.

Covering a 500 sq km area in northern Afghanistan, Balkhab could contain more than 100m tonnes of copper and by-products. Centar plans to start exploration work at the site next year.

At the same time, it will also start development of the Badakhshan Gold Project, in the north-east of the country in an area that has supported generations of artisanal mining.

“The Balkhab and Badakhshan projects sit on sites with well-documented occurrences of copper and gold, going back hundreds and thousands of years, respectively,” said Centar’s chief executive Bradley Barnett.

Centar’s current shareholders include Mr Hannam, its chairman, and the estate of late Polish tycoon Jan Kulczyk. It’s local partner is a prominent businessman Sadat Naderi.

As well as deposits of gold and copper, Afghanistan is reckoned to hold significant amounts of iron ore, uranium, zinc, coal and natural gas. The US Geological Survey has estimated the country’s mineral wealth at as much as $1trn.

However, the security situation, a lack of basic infrastructure, as well corruption and red tape has hindered efforts to develop a mining industry.

China acquired a 30-year lease on a copper mine for around $3bn in 2008 but the project has been plagued by a string of problems and remains under development.

Centar, which will manage its own security, says Balkhab is close a major rail hub in city Mazar-e-Sharif.

cont

https://www.ft.com/content/c558f6ce-c8a0-11e8-ba8f-ee390057b8c9