onedb1
20 Feb 2018
Re: Remember This given how much Solg has done since then and lets not forget the all important great copper bull run . I have to wonder sometimes . But we know that one day this could be worth 20p and the next 120p ! Just from an offer than could come any day or next year . I used to hold Minerva stock , bought when it was literally on its knees . Market at one point valued it at 10p , then an offer came for 120p . There you go . Price is often an illusion.
Seagull2
20 Feb 2018
Re: Nick Mather interview just out I thought NM looked a tad stressed in that interview, perhaps he is as baffled why the sp isn't much higher than the current levels and having a few sleepless nights thinking about that also! Patience Patience PatienceSeagull
Disorder
20 Feb 2018
Selling Pressure. Im certain this is having the effect of putting off punters like us, the humble PI.The good news just keeps on flowing, resources growing, costs reducing, and now even the confirmation from our CEO that the M&A activity literally determines and means not if, but when.Yet the sp doesn't react.When it does its immediately sold into (Even though the share volume is very low).I think once the sp starts to put on gains and holds these gains that will then add traction to it and we could see a rather meteoric rise.A statement to say who sold down would not go amiss, if indeed there were holding a notifiable interest.
Disorder
20 Feb 2018
Remember This Less than 2 years ago BHP Billington were being touted as being suitors to launch a bid for SOLG. along with Newcrest. Now we are being told the resource RIVALS Rio Tinto's World Class Oyu Tolgoi copper mine.Yesterday PodCast by Nick Mather effectively confirmed the market is M&A ripe, actually stating with regards to SOLG being swallowed up by a bigger entity "When or what price... and ...... It certainly wouldn't surprise me"Rio Tinto has also recently said it is looking at M&A as it is awash with cash.Yet here we are sitting at less than the recent funding price which was shouted by every man and his dog as "Gifting" stock away....Any rocket scientists in the house to help us understand what is likely to happen to SOLG???BHP Billiton has joined Newcrest Mining in trying to take a stake in a little-known copper and gold explorer in a sign of miners’ renewed appetite for low-cost entry into promising projects.The battle between two of the world’s best-known miners for a stake in SolGold, whose prize asset is in Ecuador, shows how large companies are stepping up efforts to forge partnerships with smaller rivals to restock production pipelines.So-called “junior” companies in mining have suffered a dearth of investment since the commodities cycle turned down from 2011, while larger companies have slashed budgets for capital spending and for exploration over the same period.With most larger miners expected to show limited appetite for large-scale acquisitions — given the lack of attractive targets and shareholder hostility after a string of overpriced deals — agreements with juniors are regaining importance.“This is going back to a more traditional model — the market has changed and people are looking at building or improving their pipelines,” says an executive at one of the large diversified miners.SolGold, which is listed in Australia and the UK, said on Monday that it received an investment proposal from BHP at the weekend. The proposal included an offer to acquire 10 per cent of SolGold for $30m and an offer to spend a further $275m to buy up to 70 per cent of Cascabel, the miner’s project in northern Ecuador.But SolGold said the offer was less attractive and had more conditions attached than a rival offer from Newcrest, one of the world’s largest gold miners. SolGold’s shareholders are due to vote on the offer of funding from Newcrest and Maxit, a financial investor, this week.Nick Mather, SolGold’s executive director, said: “We are very pleased to see BHP join a growing list of international mining companies that are interested in investing in SolGold. However, the current $33m financing with Maxit and Newcrest is the preferred option at this time as it leaves us in control of this very exciting project at Cascabel.”Shares in the company climbed 15 per cent on Monday to 18p, compared with June when they were trading at about 3p.SolGold published what it said were “world-class” drill results for Cascabel this year involving copper and gold, which are often found together.BHP has made copper one of its main exploration targets and has struck a deal with one junior this year, agreeing a potential right to get a 75 per cent stake in Canada-listed Aston Bay Holdings, which has a copper project called Storm in the far north of Canada.In an earn-in deal of this kind, large miners can gain a bigger stake in a project by funding exploration for cash-strapped juniors.BHP’s largest rival Rio Tinto has also signalled a switch towards exploration spending and tie-ups with juniors. Speaking this year Stephen McIntosh, Rio’s head of growth and innovation, said Rio had “a renewed focus on greenfield projects” and a bias towards copper.“Attracting partners to advance exploration projects is another key feature of our current approach. This also makes sense at this point in the cycle,” Mr McIntosh said.SNL Metals & Mining, a data provider for the sector, said its P
Disorder
20 Feb 2018
Re: Nick Mather interview just out When or what price...It certainly wouldnt surprise me....Takeover chatter to start...???
The Speculator
19 Feb 2018
Nick Mather interview just out [link] like we are entering a very exciting 12-18 months
onedb1
19 Feb 2018
I am quite positive despite what appears to be a retrace . To be such a retrace is within the realms of normality and for those familiar with technicals , the retrace seems to have reached a common 61.8 fib level and is bouncing off it . My view will be invalidated if we breached 19.5 ish . I would expect new highs for Solg once traction kicks in . Copper after all seems in great shape. I'd have to bearish world economies not to want to touch what appears to be a world class copper asset already attracting the big names in the industry . A bit of sentiment here and the stock should not only regain it recent 40p ceiling but pass it .
littleham
19 Feb 2018
Re: Info Not sure if it's a sell rec or just the site - at the minute when I go to post anything the "view" buttons are all obscured by the Summary/News/Discussion/Chat header. I think if I were to use the tab key on my keyboard (or shift + tab to move up a field) it'd probably select one of those and I'd be none the wiser, so it might just be an honest mistake?I'm patiently waiting for the price to reflect the ridiculous potential, we should really be talking £s over pence in my opinion!Have noticed that over the last few weeks on most days the price opens up but finishes down/level - it's a day traders dream at the moment!
4 KM
19 Feb 2018
180,000,000 There are 180,000,000 reasons for a lower s/p.DILUTION.It takes some pulling back.
cafestock
19 Feb 2018
Re: Info I just dont get how someone can ask for help and information on a share that (read the threads) has clear and obvious potential, yet in the same breath mark it as a SELL. If you have information thats bring you to think it is a SELL, I would be interested to hear it. Or...what am I missing? A mistake on your part, cantankerousness, or ??Respectfully.
jilted
19 Feb 2018
BHP Billiton [link] a reminder that BHP Billiton, the worlds second largest mining company by revenue ($70BN !), were already sniffing around Solgold & the Cascabel project almost 18 months ago !They wouldn't have been making advances if they didn't see some potential in Solgolds operations. Exploration take time and patience, the above only adds to all the good news coming from the drilling updates.Buy/accumulate/hold....
Disorder
19 Feb 2018
Re: Info Lol, with a sell rec i would have assumed you had all info.There really is no sound or sane reason for the extremelly low valuation.World class asset.Suitor (s) sniffing around.Fully funded.Controlling costs.All that we can assume is that a large holder hasvhad reason to sell off.This very often happens to balance portfolio etc.Weeks ago the volume traded increased exponentially and the sp tumbled from 29p to current levels, falling straight through the 25p level at which it was considered shares were "GIFTED" away.Past days have seen volume decrease yet sp try slowly to put gains on.Has the seller finished?If yes, then this is very likely to quickly rebound to the 29p level, and with the phenomenal resource upgrades take off from there.My opinion, and i do hold a few hundred thousand of these, so i am biased.
Marv77
19 Feb 2018
Info All this good info on the company coming out month after month, yet the share price is down 50% on only a few month ago. I just can’t understand it, can anybody help me with some info.
Seagull2
19 Feb 2018
Re: Should be a £2 and more. Just got to be patient, 6 months from now they will have confirmed extensions, got initial results from new site and updated MRE twice. Agree with you disorder Big question is will SOLG be around I'm 6 months time imho. Really good news announcing budget saving clearly don't need to be having another rights issue anytime soon.Next results will confirm extensions fingers crossed hole 37 n will be higher grades.I am only a small pi but amazed the sp isn't over 60p. What's not to like? Not sure why punters invest in crypto's when solg have real assets!Seagull
Disorder
19 Feb 2018
Re: Should be a £2 and more. Changed the £1 to £2.A truly world class resource.Big players will NOT be ignoring this.I am actually worried this may be taken out at silly price.Need to see upwards of £1 share soon I reckon.Alpala Deposit Still GrowingAlpala Northwest Hole 37 Indicates Major System Extensions Northwest and North to Trivinio The Board of SolGold (LSE and TSX code: SOLG) is pleased to provide an update on the drill program at the Alpala Porphyry Copper-Gold Deposit, at the Company's Cascabel project in Northern Ecuador. HIGHLIGHTS: Ø Assay results from recent drill holes expected to add significantly to the existing December 2017 Alpala Mineral Resource Estimate (MRE), include:Hole 26-D3: 1100m @ 0.54% CuEq, incl. 164m @ 0.76% CuEq, and 224m @ 0.75% CuEq;Hole 29-D1: 178m @ 0.62% CuEq, incl. 48m @ 0.82% CuEq;Hole 33: 824m @ 0.80% CuEq, incl. 576m @ 0.93% CuEq, and 262m @ 1.15% CuEq;Hole 33-D1: 604m @ 0.73%CuEq, incl. 146m @ 1.71% CuEq, and 106m @ 2.13% CuEq;Hole 35: 320m @ 0.60% CuEq, incl. 160m @ 0.76%CuEq.Ø Hole 36 partial assays indicate very high grades at Alpala Northwest, returning an open ended 82m @ 1.57% CuEq (1494-1576m). Assays beyond 1576m are pending.Ø Drilling intersections, awaiting assay results, expected to add significantly to the existing December 2017 Alpala Mineral Resource Estimate (MRE), include:Hole 36: Approximately 568m of visual copper sulphide mineralisation (1432-2000m);Hole 37: Approximately 222m of visual copper sulphide mineralisation, open at depth as drilling continues (1620-1842m). This hole is particularly important, implying major system extensions northwest towards the Trivinio prospect;Hole 39: Approximately 205m of visual copper sulphide mineralisation (665-870m);Hole 42: Approximately 602m of visual copper sulphide mineralisation, including bornite, open at depth as drilling continues (309-911m);Hole 43: Approximately 205m of visual copper sulphide mineralisation, including bornite, open at depth as drilling continues (665-870m).Ø Hole 37 (in progress) at Alpala Northwest intersects primary Bornite-Chalcopyrite-Magnetite assemblage, characteristic of the rich centre of many porphyry copper-gold systems.Ø Drilling costs more than halved from USD1,100 per metre to USD500 per metre.Ø Track mounted rigs exceeding expectations allowing rig release and man-portable deployments to satellite targets.Ø Significant budget savings planned. References to figures and tables relate to the version of this release on the Company's website (www.solgold.com.au) or visible in PDF format by clicking the link below: [link] FURTHER INFORMATION The Cascabel Project is located on the northern section of the prolific Andean Copper belt, renowned as the base for nearly half of the world's copper production. The project area hosts mineralisation of Eocene age, the same age as numerous Tier 1 deposits along the Andean Copper Belt in Chile and Peru to the south. The project base is located at Rocafuerte, in northern Ecuador, approximately three hour drive north of Quito, close to water, power supply and Pacific ports (Figure 1). Having fulfilled its earning requirements, SolGold is a registered shareholder with an unencumbered legal and beneficial 85% interest in ENSA (Exploraciones Novomining S.A.) which holds 100% of the Cascabel tenement. SolGold has drill tested 5 of 15 copper-gold targets delineated in the 50km2 tenement with a focus, to date, on Alpala (Figure 2). Over 78,500m of drilling has been completed on the project. Currently, 12 drill holes are underway at Alpala (Figure 3). Assay results from the initial 53,616m of drilling were incorporated into the maiden Mineral Resource Estimate (MRE) completed in December 2017 and announced on 3 January 2018. All historical and current assay results have
