Member Info for Strider4

gold porphyry. Media coverage is increasing and it's all positive. Two majors are on board and no doubt more circling.

There are only 47 tier 1 copper deposits worldwide - it's an exclusive club. And SOLG may have several more in the pipeline!

Schlem - I for one find your research useful. It's a general attitude across all BBs that the LTHs seem to think they have earned a badge of honour by holding a share for x number of years. Those that have held a share that has gone down considerably console each other and those who are up congratulate each other on their smart investment. By virtue of the length of time spent on a BB, and in the share, they feel they have a proportionately increased right to have their say. Guess it's just human nature.

If you want to check out a BB that's close to a cult, shimmy on over to BMN and strike up a discussion/argument with Alfacomp/male. By comparison the LTHs on SOLG are benign.

Earthling, it's all about consistency for technical analysists. It's all very well calling a single share right - SOLG has been trending one way or another, and quite spectacularly, for several years now. But how about other shares? Have the predictions been so profitable there?

BNC, not sure how the posting of updated broker reports, discussion of BHP's M&A strategy and the fact that Alpala is now tier 1 nailed on, classifies as being ramptastic? Most of the comments have a sound basis...

Have you got a trading pot on the sidelines by any chance?

RR, I read today as a consolidation day with some testing of new support. All in all, very positive. In fact, other than shooting up vertically, which was never going to happen after yesterday, then the price action today is about as good as I could have hoped for.

Brutal honesty, but really you shouldn't be so hard on yourself :)

"I am an idiot"

KB007 - not sure who you were talking to earlier, but it if was me then I suggest you re-read my post! Talk about not reading the question...

today. Well, after a slightly concerning dip yesterday, as the 10%ers left, we saw a decent if not fantastic finish. Volume was fine.

The price action today has been excellent. I have to say I'm most pleased with the way things are shaping up technically.

Addiknt - that was pre-MRE2 I think, ref the NAVps.

Addicknt - got to say I have a different take, having read that; BHP are stating that they are not going to go in big until they are sure what they are investing in is quite likely to be tier 1. That's exactly what Alpala has been shown to be only yesterday. NM has already been bandying about likely PEA numbers, so it's clearly going to be economic too. And equally as clearly there is a bag load of upside not only at Alpala, but also at Cascabel and nevermind those 5 other priority targets. I would say SOLG's days are numbered and quite possibly only in double digits!

Good find Schlem. Fantastic stuff - and what did MRE2 prove just yesterday? It proved that Alpala is a tier 1 asset, by industry standards. Alpala, one of BHP's tier 1 assets of the future? Quite possibly:

"In an investor briefing designed to rebuild confidence in BHP's licence to spend, chief financial officer Peter Beaven said the miner had been making better decisions in recent years and was more likely to do small acquisitions in early stage assets than "big ticket" purchases of existing mines."

"We could lose all our investment on these if, for instance, exploration fails. But we could create the tier one assets of the future," he said."

"In comments that may also prove to be pertinent to BHP's newly acquired stake in SolGold, Mr Beaven said BHP needed to "own or have control of access to embedded options" so it could "execute at the timing we choose"."

I'm with Monte on that. Let's get those drilling permits asap, prove up that epithermal gold deposit and get the price tag motoring.

I'm happy for the story to continue a while longer. £1/share seems outrageously cheap for the whole lot. I could just about swallow it for Cascabel. Those that argue that the other tenements have no value are plain wrong - SOLG has cherry-picked the best spots and the work to date has picked out 5 mouth-watering targets. Pedantically speaking, they have very little assignable value - however in the real world, the majors will know that there may be another couple, or more, tier 1s in there. That fact will make a BIG difference to how hard they will bid for SOLG.

It's interesting that NM singled out BHP in his thanks for shareholder support, in today's RNS. He used the fact that they are the most recent investors as a way to integrate it without making it stand out too much. Still, he could just as easily have thrown in a mention of for example, the long-standing support from Newcrest.

prophyry targets and two epithermal gold targets that we want to get early drilling into, and we're waiting for the award of reconaissance drilling permits from the gov. to be able to go and outline the NEXT GENERATION of WORLD CLASS projects for SOLG".

"the 156km of drilling has indicated that there are a number of areas where we can still expand the high grade core and the overall resource size at Alpala". Good stuff.

All very encouraging given the carnage in the main markets.

after a bit of a dip. It was always unlikely that resistance at 40p was going to be broken on the first attempt. Overall, it's been a pretty positive day, technically speaking.

Music to my ears:

"Seems he may be expecting offers and I would say he has a price in his head.
He also said that the Blanco nieces deposit had a couple of billions worth in gold."

Now if BHP were set on taking control of SOLG, how might they do it, given the 2 year blocker on a hostile takeover (friendly takeover is of course on the cars anyway)?

Well they could ask another major to come in with a low ball offer to get the ball rolling, and hey presto, BHP are free to come back, unshackled, with a higher offer.

Selecting an early cut-off for MRE2 has been a talking point and rightly so.

There are two compelling arguments for me:

1) Getting some indisputable value on the table as far as possible to block a low-ball hostile takeover.
2) They didn't need to include beyond the cut-off to achieve a very impressive increase. Thereby, they leave plenty of powder dry for a further increase in the next few months.