Member Info for theiceberg

In auction for nearly 6m to allow 500k of buys at 20p to 20.5

Strong support at 20p to buy

SolGold is also pleased to have received material offers for funding in exchange for offtake from a number of traders in their recent EoI submissions. Offers included the provision of both short-term and longer-term capital with proceeds available for studies, mine construction and cost overruns as well as working capital during ramp-up.

As good as saying we are funded.
Can't wait to see who companies are.

We knew funding news was coming looks like q2 will be full of news.....

Yesterday had not a jot to do with solg...BHP and most miners were down the same amount.
Solg has been incredible at defying the market but will occasionally have to bend.

It's just taken from last months rns..
Personally I am going with a Cormack securities underwritten placing with berwick 14%, with BHP taking enough to maintain their percentage...newcrest not taking part and some management involvement.
Price around 25p..
Combined with an offer for 2bn finance,an element of this will be a 1% smelter royalty conditional on successful PFs to fund the dfs.
Then a quick offer to CGP.

"SolGold's Executive Board members Nicholas Mather and Jason Ward have both advised the Board of Directors that they may acquire further shares in SolGold in the next 30 days or in the next available capital raising subject to any applicable regulatory approvals or other restrictions."

Well it's not been in the last 30 days (must be someone else buying).
So will they be buying in the next raise?

It's moving slowly but persistently through the 18-22p range. This will take a little while imo without news but shows some massive strength.
Personally I am leaving oil and all the other volatile stocks well alone..the stability of solg is nice indeed.

Another £50k buy..

Certainly more big buys in the last 48hrs than the last 48 days...

're directors buying. Imo they have released everything they need to in order to buy..the market knows that they are finalising a big multi bn funding package and a second 150m package.

T he market knows the mre figures and the PFS due date of july.
The market also knows that a bid for cgp could be in the works...

Could be sangha buying....hes got all the cgp shares he can legally buy as he's at the 20% level.
Still think we are seeing some director buyers but anybody buying large amounts is welcome.

A lot of larger mines are joint owned. It's a way of spreading country and geological risk.
Totally agree 're newcrest they don't have the finances now for cascabel. I cut think they want to be left out of it but they can't progress it even at 50% imo..

Like a director's buy imo. The 400k buy.
Certainly moved the price.

Interesting the mention about barrick. Clearly not accidental.
It can't be coincidence that the CEO of barrick has been talking today about reviewing opportunities to buy and take positions in, with an emphasis on tier 1 gold projects.

Given that the new mre has been conservatively configured to fit an economically extractive model.
It would place cascabel in the top 4 copper mines not in production in the world

https://www.mining.com/featured-article/ranked-top-10-copper-mining-projects-in-the-world/

This does NOT inc the gold and silver.

There are very strict rules about the prices that can be used..the mre is a legal document and the independent verification means that solg have no control over it.

Like many though I believe if copper doesn't reach $4lb with the world biggest capital investment stimulus then I am a monkey's uncle.qe will keep gold and gold etfs above 1500 to a good few years as well.

Couple of quick comparisons from me..

MattS
@IcebergShares
#centamin 1.5bn mcap..15m oz gold in total resource.
#solg .4bn mcap...15m oz gold in the single measured category for a single by product resource for a single project.

#solg comparisons mre3 released today for cascabel(one project)

9.9mt copper 21m oz gold 92m oz silver

Newcrest total annual results
7mt copper 54m oz gold 52m oz silver.(indicated+measured)

#solg have more measured copper \good\silver than #newcrest

I tend to allow companies a bit of freedom to change deadlines when they are being independently produced..
Particularly one like this which will be looked at around the world and needs to be 100% accurate and tight.
The important thing is that they don't keep stringing the market along... :)
Well done solg and nicely timed with the SP recovery.
Now some buying by The directors.

15m oz of gold in the top measured category......
Been trying to number crunch and there are lots of incredible world class figures that simply won't be beaten by any company this year, but my limited research makes this the largest measured gold resource certainly in the last 12months and compared with some of the largest in the world ever.
25bn just in the secondary product let alone the copper.

Solg has just used the biggest megaphone in the world to talk to every gold financier and miner.

Also they hit the timeframe target !

highest volume Since the 10p low.
In a low volume market that's probably a degree of 18p support that's been formed.
I 8-20p spread maybe the new norm for a little bit...so pretty much back pre virus levels..
News can then land and we will be back to looking for a real climbing sp

Release from cgp last night that it was Mr Sangha
Taking him to just shy of 20% of Cornerstone.my understanding is that he can't go over the 20% without triggering the rights plan. But puts him in prime position if the rights plan is triggered.

Massive trade just gone through tsx..looks the the shares that couldn't be sold until April and looks like an agreed share transfer. Probably to Mr Sangha .
Still a few more to sell and whoever is selling is making a big loss on it...I can't see them accepting shares again.