Member Info for TheItalian

Referencing the latest (D&D) presentation, given that the stated strategy is to determine the high grade area in the MRE update, produce the PEA, secure a conditional financing package (which probably depends on the PEA), and strengthen the shareholder base (which is accelerating before our eyes), I would think that everything is moving in that direction, so there is no need to come out with any further communications.
Now more than ever, the stars are just really aligning, and BHP being in the open plays more to NM's favour than against him.
I say positive pressure is mounting and this is about to blow.
BOOOOOOOOOOM !!!!!

what happened to him?

It seems the true colours don't take much to show. How about 11p, you would be keeping Jim company, you could mull it over together?

@Expert, welcome to SOLG, you missed a few years of excitement and heart attacks if you just join.

1) IMHO the main reason is that 46 peak (47.12 on the offer actually) came after majors startd to invest, raising SOLG's profile, and after BHP initial offer there was an expectation that the resource would be sold; as we have noticed over and over, we can have sensational RNS about the resource but nothing moves the price more than the speculation about a takeover; so the price dragged down as NM suggested that they would develop Cascabel to production and not sell it cheap; if you are not familiar with the lifecycle of mining exploration companies with regard to valuation, you can find some valuable info that explain the recent "orphan" period, which is usually followed by the largest growth period if the resources warrants it.

2) You have to weigh it against the overall development stage again; dilution might come as we re-rate, and that would be acceptable; while the following statement is subjective in nature, I would argue that unlike other companies with a lot of buzz (say GGP for example), here we have a solid resource and we are just going through the motions so if we for example re-rate from 0.05/lb CuEq for 7.4 Mln T to 0.20/lb CuEq for 15 Mln T, some dilution that justifies the investment to bring SOLG to the development/production stages is more than justified.

Hope this help. Good luck with your investments.

Or a Whatsapp group if that's easier, or simply use the general forum here if we prefer to keep anonymous.

@earthling, great suggestion, I am in, been thinking about it myself for some time.

Well do we know for sure that Solg loses the right of first refusal, given that both the rights and obligations of the spun off company might remain as they are? I think it's possible that CGP just want to monetize Cascabel and/or avoid the incoming liabilities. I find it weird that with many vultures circling Solg, Newcrest habing the inside travk has non pre-emptively bought CGP. If NM doesnt want friendly Newcrest to buy CGP, certainly he doesnt keave the door open for hostile operators like BHP to come un and take what they want. So the plot must be different imho.

Sean, you are most welcome to review my posts from the 27th July about the third week of July, when we incidentally had a breakout and a peak, and from the 14th July, about a larger September uptrend.
Or, as you say, it's easy to predict the future after it happened.
Best luck for your investments, keep an open mind.

Sean, the chartists didn't have to say much as they were all waiting for W2 to end and W3 to begin. We discussed it at length months ago and there would have been no point in going on over and over.
But I suppose that if one needs to explain the obvious, you will probably never understand it anyway.

Thank you Sav.
I woudl imagine NM wants to go beyond the feasibility to achieve a higher valuation per lb CuEq, but even at US$0.07/lb, the revised price estimate for 10mln T Cu and 25 Mln Oz Au that we might see would mean more than £1.

Aaaand, no. 13 on the filter list.
Fascinating to see how they use different tactics to instigate a response.
Au revoir!

After the Brexit vote, GBP lost value and the stock market has risen, driven by UK companies that produce revenue overseas.
Solgold would be one of those companies if in production, but even at the exploration stage, with a weaker pound any foreign suitor would find it more convenient to buy the company.
If GBP goes to $1.10 as Bank of America suggests, Solg would be 15% more convenient to buy.
So maybe you are correct in that the majors might be playing the exchange rate card as well, but I suspect that the main driver for the price and a potential offer NM cannot refuse will be the updated resource and a definitive economic study on the project.

That's an old post, we commented on it at the time, and the chap extrapolated a bit too much just based on the initial drill. I am not a fan but it's always worth a read. Aggy has moved on since then anyway, the numbers will eventually get better and the size of that resource will become more apparent.
We still cannot talk about feasibility on Alpala after so many drill, imagine if it's even legitimate to wander about Aguinaga's feasibility.
Long way to go my friend.

Now that would be something!

A slightly different take, just for fun.
10 MT Cu + 25 MO Au
= (10.000.000 + 25.000.000/2.20462*0.6) where the 0.6 is a multiplier I found on a Cornerstone presentation
= 16.803.894, which is a 127.57% increase in resource from the previous MRE

If we then use the ballpark valuations of 0.05/lb for exploration, 0.08 for feasibility, 0.25 for development, and 0.31 for production, with no dilution, we get the following price estimates:
exploration = 73.9
feasibility = 118.3
development = 369.6
production = 458.3

At the production stage, even if we factored in an aggressive 5/1 dilution, we still get 91.6p

Ciao!

"Exploration Manager Jason Ward, speaking on the sidelines of the CRU/CESCO copper conference in Santiago, said the company had been approached many times by potential partners and had repeatedly said no."

No surprise that the market does not currently expects a takeover and the price is undervaluing the resource. As simple as. It's not our time yet, but it will come.

goldennveg, hopefully we will find out soon enough!

@goldenveg, much quicker and dirtier than that. just the three sides and gravity at 2.41 multiplied , giving 0.38 bl tonnes, with a grade of at least 2% and the convenient assumption that it will all be digged and recovered. Just a ballpark of course, but gives me confidence.

@earthling, if the question is to me, it's my calculation, not the RNS.

the rich core at 1.5% cutoff is itself going to be larger than the first MRE, which considering the better economies of extraction, means a higher value in ground valuation. the rest of the resource is all jam. once official we might finally see that 2-3% valuation. gla and dyor.