Member Info for Strider4

More.

do you want to be out of it when/if a takeover gets announced?

we're looking strong for a close above the 38p resistance.

Nice, and which is the largest undeveloped gold deposit in the world? Alpala. But do Barrick have enough firepower to attempt to takeover SOLG - doubt it. They'd lose out to BHP.

Twohits - nail on the head. For balance, the strike at Porvenir is over 6x the length of what was found at Aguinaga.

Twohits - yeah, not forgotten that, but I took the time out of respect for JS's previous posts, many of which I've found informative.

As for today's news, it's a big positive, punto.

Jerry,

1 - Rock saw sampling differs from drilling in that the former involves sawing the outcropping rocks at surface and at intervals, whereas the latter uses a drill to get cores from surface to depth. Pertinently, it seems rock saw sampling doesn't require a permit, hence why we see it here. It's certainly a step up from blanket grab sampling.

2 - one can compare the surface expression and composition to other deposits (notably Alpala) and extrapolate. Clearly, PV 15 is now a high priority dirll target. Seeing that kind of strike length and width with >1% copper at surface is rare.

3 - agree it would be good to have a full update on everything (1-14 PV and all of the other sites). Personally, I'm happy to be drip-fed them as I think it maintains interest, and the share price, better.

4/5 - No idea if PV 15 is the next drill target. I very much doubt that any further work on BN and La Hueca will have turned up anything at surface that would detract from them being top priority. Perhaps we can deduce that PV 1-14 didn't turn up anything as spectacular as No.15 though.

6 - For several months now they have stated that they have drill ready targets. But they have 43 geos on the ground and they are clearly making use of them. The size of the concessions is such that I would imagine there is years of useful work that the geos can be getting on with while we wait. Their work will all be significantly value additive and it can only help to more clearly define the district, aollowing greater drill target accuracy and revealing as yet undiscovered targets.

Ref your last paragraph - I take this as a bonus piece of news - refreshing. The biggies (PEA, drill permits, next moves by BHP/Newcrest) are very much alive and well. In fact, I think just one more move by either Newcrest or BHP (similar to the 2% Newcrest addition in Dec 18) is really going to set the cat among the pigeons.

Jerry, aren't you looking for negatives where there aren't any? It stands as a great piece of news on its own.

No doubt we will get updates on the other sites in the coming months - perhaps they want to drip feed it to bolster the share price (as it well should).

I would be interested to hear drilling news from Alpala but happy to wait for that. The tech report is due any time - not expecting fireworks. PEA end of Jan? Although NM has given himself Q1. Hopefully, this year they will be building on lessons learnt in previous years ref timing of news to maximise impact.

the RNS. It just keeps getting better here.

Porvenir target 15...so that's a new one I think. I hadn't really thought of Porv as one of my top 2 "others" (BN and La Hueca). Now, it's joined the mix. That extent of surface outcrop and grade is something special.

Listen to this (especially around the 2-3 minute mark) and tell me SOLG doesn't fit the bill!

https://www.youtube.com/watch?v=2_xBGRt_K3A

The risk of being out of this one is two fold:

1) Takeover. BHP/Newcrest rivalry hotting up already
2) Strong newsflow. PEA coming out soon which is mooted to demonstrate mouth-watering economics, which will then make (1) even more likely and at a higher price.

For those who of the thinking that this minor bear will turn into a major, perhaps the most sensible policy (assuming that you rate SOLG's long term prospects), is to scale in, investing a portion now and then investing the remainder in several lumps later on, at either higher or lower prices.

And I don't think you are alone in that opinion. In fact, I reckon a good portion, if not the majority, are thinking along the same lines, which is a strong indicator that it isn't going to happen:

"can see carnage in 2019. We could see 20% fairly quickly, then a continued slower fall. SOLG is a much higher beta stock so 20% wider mkts can be 30-40% here".

Eish - it's just too good of a read :) And I do update it, as and when fresh news comes out.

For those who are new to the share, and a reminder of all the good things going for the rest:

1) Alpala - Tier 1 copper-gold porphyry.
2) Exploration upside - 11 other primary targets with 5 priority. All show surface potential to be significant resources.
3) Cashed up ($104 million in the bank)
4) CEO has plenty of skin in the game (90m shares).
5) 2 Majors on the share register (Newcrest and BHP).
6) BHP unveiled new investment strategy - projects that could turn into the next tier 1s...well we have that confirmed already here. BHP's recent (Sept 18) "aggressive" purchase of Guyana's 6% stake, followed up by an "efficient" purchase of a further 5% at a 30% premium to the then market price (Oct 18).
7) Strong upcoming newsflow (PEA, drill permits, assays for Alpala, regional news (due pre-YE), resource updates, potential conditional funding packages, PFS at end 2019).
And the biggie - Takeover Offer (this is a very real possibility given the tier 1 Cu resource and 2 Majors on board).
8) Ecuador making the right moves to become a mining friendly jurisdiction. It needs revenue to replace depleting oil supplies and it doesn't have to look far to see how rewarding good mining policies can be (Chile), if you've got the natural resources.

As the market has already fallen 17% from it's peak and you think a further 20% is on the cards, then what you forsee is a major bear market. If your opinion represents the thoughts/fears of a healthy percentage of retail investors then we are at a point of high pessimism...

Interestingly, many of the top investment banks are shifting into defensive stocks at the moment in anticipation of an uncertain 2019. History has shown that it pays to do the polar opposite to the "professionals".

All of that gives me a good deal of confidence that what we are experiencing now is a mini-bear market (usually about a 20% drop) and 2019 may well see a healthy bounce.

It does make you wonder why SOLG have endorsed IC's article with a tweet at this juncture. Is it Newcrest's latest move that has pushed them to it? There have been numerous other broker statements to that effect prior to the IC article...To me it looks a bit like attempting to garner interest (share price appreciation), to prevent a low ball offer being successful. In my book a low ball offer is around the 70p mark and I don't think anything less than £1 would be acceptable at this stage. Roll on the PEA to notch up another major de-risker.

Frankly it would be a dream come true if they get an acceptable price for Cascabel but manage to keep the other tenements, generous special divi and roll out that "blue print" again.

As SOLG is dual-listed I would have thought you would be liable only for taxation in the jurisdiction in which you bought.

Otherwise, you would be liable for a double-whammy taxation which would render all dual-listed companies uninvestable. Clearly, it is not the case.

Addicknt, yes of the two I was more concerned about the enviro "issue". One AG versus BHP/Newcrest just isn't credible. Brent Cook, care to comment?

On the technical side, bullish price action today with a healthy bounce off support.

that that's all out of the way (AG - some nobody geologist trying for an audience and the environmental compliance "issue" - a fallacy), back to business as usual.

Looking forward to a bumper crop of news flow in 2019.

So, I took a leaf out of Addicknt's book and emailed Anna as well re. the enviro "issue".

She states that the media coverage is based on an incorrect report and they (SOLG) have been in touch with the journalists to get this amended.