Member Info for theiceberg

Last price was 59c about 30 mins ago.
Volume isn't great and it's just a single buyer by the looks of it who's just broker whos just brought up the price about £12k of buys or so.

On tsx up 25%....to roughly 34p equiv

I did think that since the PFS and BFS were so close together and we didn't need the PFS as a go nogo since we have to say yes now. We could go straight to PFS. However Elise has just confirmed to me, that although it makes economic sense to do that they still need the pfs bfs route for professional reasons ie funders still require them both..

Yep is was Warren Irwin selling.

It's right of first refusal..i.e if they want to sell it for say £80m, then they have to offer it to solg for £80m before selling it to xxxx.
I've thought f it. I'll buy some..I can't see solg offering less than say $4.5 a share..I've not sold any solg and only brought a few thousand.
Got a feeling the webinar might be put back to allow solg to launch it??? who knows..

It could be but they have been selling solg shares to raise cash short term...also there are only a hand full of people with that amount of shares..I have noticed a never ending supply of cgp shares at 3p.being sold.
Maybe a dummy by solg to keep a lid on the cgp share price at 3p?
Maybe the last few of the bill payment shares from last year being sold at 3p
Maybe a big shareholder being fed up?
I am not sure tbh.

If we are now about to bid for CGP, as per the change in wording on the presentation , I was wondered about picking up some CGP shares got a quote, fx quote etc etc, but my broker warned against it as there is 1% of the company currently on the ask that somebody is trying to sell at 3p..
Any thoughts?

Yep nav is net asset value so the value in the ground a much bigger figure..npv is the net present value which is the much smaller one...generally npv is the import one and nav is less used as it's less useful, the article is maybe trying to big it up by using nav but it still proves the point 're now little value is being subscribed currently.

Sorry rich it's not npv it's nav...they are very different. One is the value of the asset in the ground, one is an economic calculation at an 8% discount to figure out economic return on capital over LOM

I agree that the political position s and considerations of BHP and newcrest have been put to one side but that starts to become more opinionated. Although of incredible importance to solg.

Govts are more wary of majors, not least because they have a habit of taking longer to do things. Rio have a bad reputation for sitting on things, but we also saw with newcrest that they would be happy to string out the drilling a couple of years.
Ecuador etc need these things asap so they contribute to the coffers.
Also majors tend to employ less local staff, I can't think of a single major with solgs track record of local country employment particularly of skilled staff.

https://seekingalpha.com/article/4346805-solgold-first-part-of-cascabel-funding-is-secured

Good article above...nice overview for anyone considering investing.

An obvious plant by newcrest...imo.
They have always been critical of solg going solo.
And it was the same publication that broke the newcrest story of how unhappy they would be for solg to raise finance elsewhere..
Anyhow can the interest on the bridge loan be important..it's 150k a month absolute peanuts for an incredibly short term...

Broker...nothing personal but I have zero faith in charting. I am happy for others to but if charting were already as putting half a dozen forumla s together to tell you when to buy sell when resistance or support is then algo trading software wouldn't cost millions. Every time resistance is resistance there will be multiple times when resistance is breezed past.
Charting can't tell you when a distressed seller needs to sell because they ve run out of money, or when some body with a large t20 can't afford it anymore...it can't tell you how many people are buying as a long term investor or a short term trading.
It can only look at past information to predict the future, the last often isn't a good indicAtor of the future.

That doesn't mean that a share can't be overbrought or levels of resistance...but these can be made redundant with a single event which makes them rather meaningless..

I've had this discussion many many times with many people. You'd be surprised in an investment bank how often they will spend millions on models et c only for the analyst to go to the credit committee. Or the trader and they are completely ignored.

're yesterday the resistance was the sell on news folk, nothing wrong with that if you have the volume, but they wou!d have sold at 24p 27p or 30p where ever the price happened to be.
Just my view I know lots of folk do chart and good luck to them.

purely in my opinion
The problem today Was not complicated or down to news of valuations etc.
It was purely down to volume. It's the 11th of May and didn't even hit the highest volume of the month.
Given the volume building up to the announcement we had quite a few traders who took the small rise and sold on news.
This normally shouldn't be a problem as volume should have been 15-20m .
But with volume of less than 8m the sp was stuck in the rut.

It's not really a problem for anything beyond today all it will mean is once the traders ST holders have gone the price will rise.there is 100 reasons why it will rise..
As to valuation cascabel is worth whatever people will pay for it..currently £1 a share...the market will get there when it does.

A few snips...Franco are investing 150k in local projects for locals..
The Ecuadorian govt has asked solg to publish a restart plan for exploration as they want them to start progressing again.
Any bidders have a very brief 2-3 week window to cancel this whilst the bridging loan is there prior to final sign off.

They probably won't release anything the until they get the bigger project financing..

It will rise now regardless imo.whether uncontrolled or jumps who knows but it will rise.
I do wonder whether somebody like CGP had an open order to offload say x million shares,open from last week.
I can't believe that any body would short it or try to push it down.
Whoever it might be has lost a fortune..equally CGP have already lost a fortune with a 22p sell avg...

It was funny to see 200k put in the ask at 28p, in an attempt to bring it down....it got swamped and taken out...
When the US and Canada wake up there will be second wave here.
Franco is pretty much the hottest share in the US and Canada. Up something like 80% this year, despite everything, its very much the darling and is very very closely followed.
I would expect lots of folks, big deep II's to be following Franco for gold exposure into SOLG over the coming weeks.

The SP isn't red, far far from it. It well up.