Share Name Share Symbol Market Type Share ISIN Share Description
SolGold LSE:SOLG London Ordinary Share GB00B0WD0R35 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.50p +3.90% 40.00p 39.00p 39.75p 40.00p 38.50p 38.75p 2,029,802.00 16:35:13
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -2.7 -0.4 - 572.83

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Date Time Title Posts
13/10/201618:00Solg intersects monster copper-gold system8.00
07/9/201617:41Solomon Gold Dead But Unburried9.00
04/3/201609:00PDAC Starts Today -
04/3/201608:55Prospector News-

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SolGold Daily Update: SolGold is listed in the Mining sector of the London Stock Exchange with ticker SOLG. The last closing price for SolGold was 38.50p.
SolGold has a 4 week average price of - and a 12 week average price of -.
The 1 year high share price is - while the 1 year low share price is currently -.
There are currently 1,432,066,605 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of SolGold is £572,826,642.
mam fach: For some reason even good news doesn't lift share price. Don't think I agree that all the good news is factored into price. There seems to be a psychological barrier we can't break through @ 40p. Be interesting to see what closing price will be.
mam fach: SOLG definitely a pump and dump in the past. Can well remember the day when they rocketed to 50p and sucked in loads of buyers. It was carnage.But scenario is now completely different Certainly think this has great potential ,no enormous potential. Going to be HUGE. Would I buy @ 30p - I honestly don't know. You have to remember it's come up from 2p. Lowest price I have paid is 3p. Would I sell @ 30p absolutely NOT. Next RNS will give us an indication of direction of share price. Shares like SOLG come along very rarely but one bad RNS would send share price crashing. I wouldn't dare give anyone advice.Everyone has to make their own decisions. Good Luck.
jlondon: TAKEOVER OF SOLGOLD? Ref:"Solgold not ruling out potential takeover by BHP."-Market Intelligence share price Wed 9 Nov 2016 [Billthebank of Advfn posted the full article which was by Padmaster, post 9309 dated 10 Nov 2016 The said article said that "Solgold is expecting BHP Billiton to make another play. Nicholas Mather stated:"Solgold would consider a takeover from BHP Billiton if the price was right." [Mather did qualify that he could not speculate] "Ecuadorian Mining Minister Javier Cordova told SNL, Nov 8, 2016 that BHP was still looing at Cascabel and he was certain that the mining heavyweight would have another go at trying to acquire a stake in the project." "BHP offered $30m for a 10% stake in Solgold & US$275m to acquire the co*s 85% interest in ENSA." Observation: It appears due process that BHP would have to sound the Mining Minister re:Cascabel for obvious reasons. {In my previous post no: 8804, 30 Sep 2016 I cited the takeover of Orbis Gold [DGR Global, parent to Orbis Gold, Solgold etc]. Semafao, the Canadian miner made a takeover offer on Oct 12 2014 but rejected. Later,Semafao made another bid and accepted on 10 Feb 2015.It was stated that "Semafao*s proposal was made prematurely ahead of the co*s release of the update with knowledge that the update was imminent." Re:Updating scoping study following estimated resource estimate in Aug 2014.} #Gold Solgold*s RNS of 10 Oct 2016 [8:29am]:"Investment proposal from BHP." However, this original RNS states that it is to acquire 70% out of Solgold*s 85% interest in ENSA. So, there may have been an error in the said article ie it is 70% not 85%. [12 Oct 2016 -"Analyst expects MORE NEGOTIATIONS between Solgold & BHP Billington"-Proactive Investors -Video Interview with share price Angel"] So, BHP did NOT want to take over Solgold but rather Solgold*s 70% of ENSA out of 85% which owns Cascabel, Ecuador license? The reason is obvious. "Lottohopes" on 8 Nov 2016 at 13:39 posted:" 10% of Solgold gives BHP 8.5% of ENSA. Add in Solg owns 11% of Cornerstone Resources which in turn owns 15% of ENSA. That*s 1.5% appox. And the cash is to outright own 70% of ENSA which would give BHP 70%+8.5%+1.5%=80% of ENSA. So IMHO would have been a buyout of the project." [Qualified that this is not my calculations but interesting] MERGERS & ACQUISITIONS Recent M & A appears to be "Zijin*s $412m Kamoa investment boosts Ivanhoe*s coffers." 9 Dec 2015 [Google title to read]. Ivanhoe sold its 49.5% stake in Kamoa for $412m. So 100% would equate to US$832m [simple school maths of reverse proportions]. #Copper [£660m at today exchange rate of £1=US$1.26] So just to see what the M & A was last although size also has to be looked at. BHP TOTAL OFFER for Solgold -10 Oct 2016 Solg RNS A/c to the said RNS, the total package was for about US$305m [$30m+$275m-see details]. Today, Fri, 11 Nov 2016, Solgold*s share price is around 27 pence, market capitalisation £385million. [1,428m shares in issue approx] Rate of exchange today is £1=US$1.26 So, how much would Nicholas Mather consider to be the right price? J. London Fri, 11 Nov 2016 [Please check as there can be errors] On Twitter, the said article was first tweeted by [email protected]ing on 8 Nov 2016 via the tweet: "Rumours that BHP Billington could have another go at securing a stake in Solgold*s Cascabel #copper-gold project in Ecuador" The timeline on AmerMining*s Twitter:"Strategic Mining Analyst at EY with an interest in copper, coal..." However, the link given by AmberMining is a gateway to sign in at SNL Platform, S & P Global, Market Intelligence]. S & P Global on Twitter has a blue "VERIFIED" symbol. Padmaster*s link gave the subject title to the same said article and details of last night, Thur 10 Nov 2016. [P.S On Twitter, the takeover offer by BHP was not well understood, hence post is rather long to give a historical overview]
wisteria2: Yes but the share price has already had a rocket under it!! not that long ago share price was around 3p for a period.More likely newcrest will up the amount of shares at the discounted share price of 6.1p to increase there holding as more drilling results come in!! that's my guess anyway,and share price will trade at this level for some time.GLA
pecker1: Price action shows that Nick Mather's decision to do a financing and three year deal with Newcrest is looking more and more like a masterstroke, not least because it depends on shareholder approval. The only potential problem I can see is the increasing disparity between the 6+p price and the market price. However, there is a simple win-win solution for both Solgold and Newcrest: either Newcrest offers, or they both agree,to split the difference so if the share price is say, an average of 11p over a four week period, Newcrest will pay 8.5p per share - still a handsome discount to market price. The extra cash for Solgold should give it enough in the kitty to avoid another placing with Maxit. This avoids further dilution which benefits both Solgold and Newcrest. The extra cash Newcrest will have to fork will be pretty small beer for them.
uni hall: Solomon Gold (LON:SOLG) Ð a buying opportunity? Unlike DAL, SOLGÕs main listing is in London. But its shares can still be controlled from Canada, where one of its partners (Cornerstone Capital) is located and where there are far more knowledgeable mining investors (and analysts) than in London. Since I flagged it in March enough further drilling showing an expanding resource at Cascabel in Ecuador was completed to keep investors interested, but not enough to satisfy those who wanted more drilling but couldnÕt see that SOLG had enough cash to pay for it. So when on July 8th the company announced a funding breakthrough whereby Canadian investment advisor Maxit Capital LP had agreed a $20m private placement at a higher share price than the then 3p, the shares surged. Only to surge even further on August 1st when Maxit had had a closer look and agreed to increase the placement to Ôup to $36.5m at 8 cents per shareÕ (6.1p) compared with the then 5.5p. Since then the shares have been dominated by the traders who initially took them up to a peak of 7.6p but have subsequently taken them back down close to the anticipated final placing price and possible disposals by placees taking a quick profit. But that, of course, is to have taken eyes off the main picture which is that SOLG has the funds to expand its drilling campaign at Cascabel to confirm the tasty hints it has been finding of yet more porphyry targets (14 in total so far) on the site, some of which might be at less depth than found so far, offering the chance of earlier and cheaper initial mining. And (not that it should be taken as a guide) the Maxit deal includes the issue to them of warrants to subscribe for more shares over the next two years at 14p and 28p. Meanwhile SOLG is on track for a maiden resource at just its first target, Alpala, by the end of the year and might by then also have completed Ôa conceptual early stage mine and plant design and a scoping study for an economic development at CascabelÕ. The final size of the placing wonÕt be known until it closes tomorrow (Aug 24th), after which the shares should emerge from their recent abnormal trading, making them, I feel, a strong buy. Maxit Capital claims to be the leading Canadian mining finance advisor / merchant bank and (with its clients) will hold over 20% of SolgoldÕs shares, so will have a seat on the Board.
pecker1: AIM has been littered with scams but I doubt very much that SOLG will be one of them. The gradual reduction in the share price down towards the placing price is quite normal, given that the placing is of considerable size relative to the market cap. It is possible that a few SOLG shareholders were already on the Maxit books or got themselves on to them after the placing RNS and have sold shares in the market which they can get back in the placing at a lower price. If you want a classic example of what happens to a company's share price both just before after large placings have a look at silver explorer KTN on Stockhouse. Quite obvious that many of the placing buyers are just out to make a quick profit and have little interest in investing in the company. Canadians seem to raise money this way which often screws the "retail" shareholders as they disparagingly call us. What's wrong with a rights issue or open offer to existing shareholders?
h2owater: temmu Sell if your not interested. I've more confidence in the CEO: LSE Interesting that CEO indicates 36p as being the approx value when you consider the following are considerably higher than 36p.: Ø 3 million exercisable at £0.14, vesting once the SOLG share price has traded at a minimum of £0.20 on a 30 day VWAP basis; Ø 5 million exercisable at £0.28, vesting once the SOLG share price has traded at a minimum of £0.40 on a 30 day VWAP basis; and Ø 8 million exercisable at £0.50, vesting once the SOLG share price has traded at a minimum of £0.80 on a 30 day VWAP basis. Cheers and good luck.
h2owater: lse From director mouth the potential for a world class Cu-Au deposit at Cascabel, which can launch SolGold from a junior explorer into the ranks of a +$1billion junior mining company." his share options 3 million exercisable at £0.14, vesting once the SOLG share price has traded at a minimum of £0.20 on a 30 day VWAP basis; Ø 5 million exercisable at £0.28, vesting once the SOLG share price has traded at a minimum of £0.40 on a 30 day VWAP basis; and Ø 8 million exercisable at £0.50, vesting once the SOLG share price has traded at a minimum of £0.80 on a 30 day VWAP basis.
howdlep: Yes indeed. Once we break through 3.75p momentum will really pickup as traders realise the next obvious resistance is not until approx 7p. One look at management options tells you where the share price is heading longer term. This from the RNS dated 10 May on the apintment of Mr Martin as CEO:- Mr Mather said "the Company welcomes the appointment. Mr Martin's investment in SolGold, exploration focus and strong knowledge and understanding of resource investment markets were very important factors in his selection." Mr Martin already has a personal interest in 9,200,000 shares in the Company having invested $200,000 in the recent placement. Under the terms of Mr Martin's contract there is a four (4) month probationary period, after which he (or his nominee) will be granted options to acquire ordinary shares in the Company as follows: Ø 3 million exercisable at GBP0.14, vesting once the SOLG share price has traded at a minimum of GBP0.20 on a 30 day VWAP basis; Ø 5 million exercisable at GBP0.28, vesting once the SOLG share price has traded at a minimum of GBP0.40 on a 30 day VWAP basis; and Ø 8 million exercisable at GBP0.50, vesting once the SOLG share price has traded at a minimum of GBP0.80 on a 30 day VWAP basis.
SolGold share price data is direct from the London Stock Exchange
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