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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
  +1.00p +2.68% 38.25p 38.00p 38.50p 39.00p 38.00p 38.00p 2,071,337 16:35:07
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -3.2 -0.4 - 578.71

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DateSubject
22/7/2017
09:20
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 37.25p.
SolGold has a 4 week average price of 35.50p and a 12 week average price of 32.75p.
The 1 year high share price is 46.75p while the 1 year low share price is currently 3.93p.
There are currently 1,512,955,685 shares in issue and the average daily traded volume is 1,474,525 shares. The market capitalisation of SolGold is £578,705,549.51.
15/7/2017
16:13
jlondon: "BATTLE FOR SOLGOLD"- -"The key question for Mather is where all his billion plus shares are held. At one recent investor meeting he was spotted totting up tables of which f u n d s hold how many shares, trying to get a handle on how a battle for Solgold could play out." Source: "Global Mining Observer; A Billion Shares; One Copper Discovery." Tweeted by Solgold on Twitter on July 12, 2017 https://twitter.com/SolGold_plc (2)Institutional Top Holders -HOLD 22.75% of Solgold shares Source: https://markets.ft.com/data/equities/tearsheet/profile?s=SOLG:LSE&mhq5j=e1 [Fidelity Canada 4.15%, Barclays Private Banking 3.66%, TD Direct(Europe) 3.58%, BMO Capital Mkt Canada 3.50%, HSBC Global Asset Management UK 1.65%, RBC Dominion 1.61%,Royal Bank of Canada (Channel Is) 1.36%, Hargreaves Lansdown Stockbrokers 1.31%, Hargreaves Lansdown Asset Managers 0.99% & Oppenheimer Funds 0.95%] (3) Holders of Solgold shares - appox guide >DGR Global, Australia -13.5% Tenstar - 9.42% [HK Investor] Solg Directors -6.72% [Includes NM 5.9%] TOTAL = 29.7% >Newcrest * - 14.54% [Subject to 60% rule in order to vote with Solgold Board in any capital event-check Solg RNS 30 Aug 2016 re:Conditional Agree^ with Newcrest-"..where it is demonstrable that holders of 60% of Solgold shares voting at a meeting or lodging acceptances are supportive of the particular formal proposal."] >Cornerstone Res* - 18.03% [Includes Lock-up agreement with 6.8% Solg holder until 28 Aug 2017 but can be extended etc[*] , 14.7.17 RNS] + 15% interest in Cascabel Concession till Bankable Feasibility Study etc.=30% economic interest. >Top Institutional Holders as above 22.75% >>>Grand Total of Above= 85.01% >>>FREE FLOAT: 100%- 85.01= 14.99% (4) Cornerstone Resources [TSX,Canada] in owning 18.02% of Solgold shares [*] is the LARGEST Single holder of Solgold shares. No other single holder comes close to this. Ref: Public Mergers & Acquisitions in Canada- Rose Norton The Bright Light Threshold is 20% so Cornerstone Resources is 1.97% SHORT of this threshold. [Canadian Rules M & A] Further on any offer, it needs a further 50% of votes etc. See minority holders etc. Comment: It has been commented that Solgold has 1st right of refusal to buy the 15% of ENSA holding the Cascabel licence. However, if in theory, Cornerstone Resources is taken over, the acquirer is buying the co [Cascabel Gold & Copper Inc-new name] rather than Cornerstone Res selling their said 15% ENSA Cascabel Concession. REF: Cornerstone Resources RNS, 13 July 2017 stated:"..we had as our o b j e c t i v e to advance the property to a stage where it could attract the interest of MAJOR MINING CO^S to ACQUIRE the Cascabel concession AND/OR Cornerstone." (5)"Majors Crouched but not ready to pounce."-Mining Journal.com, 20 Mar 2017 PDAC Conference in Toronto-"However, valuations still below the HIGH of $74/oz seen in Aug 2011 & average TAKEOVER VALUE $70/oz since 2012. Valuation for exploration co now sit at an AVERAGE of $55/oz firmer than the $48/oz in Dec following the Fed hike .." Comment: Whilst Cascabel has both copper & gold, it is norm to round up potential to x per oz of gold. On open file LKND, it was earlier stated there was a potential 40moz. So, based on $55/oz= 40 x 55= US2.2 billion or £1.67 billion [£1=US$1.31] (6)Solgold share price ended at around 40 pence, Mkt Cap £607.7 million with appox 1.515 billion shares in issue. Cornerstone Resources share price ended at Canadian 53 cents with a market cap of C$162 million or £97.59million [£1=C$1.66] Shares in Issue around 300m. *Figures are approximate -Please check for errors -DYOR-IMHO J.London Sat 15 July 2017 P.S. CANADIAN OPINION- Just went to Stockhouse Bullboard Canada CGP and this is the post at the top by Hirk77 [A rated poster with 4 stars out of 5]. Hirk 77:"The lockup is for 6 weeks. I think the clock just started on the short life of Cascabel Copper and Gold.gtla." -15 July 2017 <> VOTES DGR Global Australia [13.5%] + Solgold Directors 6.72% [NM 5.95]+Tenstar [9.48%] ===29.7% INSTITUTIONS-TOP Holders 22.75% NEWCREST 14.54%* CORNERSTONE RESOURCES* [Cascabel Copper & Gold Inc-new name] 18.03% [Bright Line Threshold M & A, Canada is 20%] FREE-FLOAT 14.99%
03/7/2017
11:37
lefrene: gilotron, that entity has rubbished Solg in the past, now he has changed his tune, I have wondered if he is employed by somebody? Plainly Solg is sat on a valuable site, but it's the extraction of that value that has to be accomplished to see the share price rise. What's the best route for rewards? Prove up Alpala for 10 billion tons at 2% cu, sell it for circa $5billion and use the money to exploit the rest of Cascabel and those 38 other specs? Or do a joint deal with a miner (Newcrest?) and take the long route? We have to trust NM to make the best choice, on his track record thus far I trust him. I'm hoping we see significant change over the next two years, as like a few others here, time is getting shorter.
27/6/2017
09:47
mam fach: Now we know what's been holding back share price. Directors selling to buy options @ cheaper price. That's one way to get a bit of profit. Let's hope the overhang has been cleared. Expect share price to make recovery from here.
16/6/2017
19:47
jlondon: Solgold, Fri, 16 June 2017 - RNS Capital Raising. Newcrest paid US$40million at 41p [Premium 15.5% over previous day*s share price] to bring their shareholdings in Solgold to 15.54% from 10% [Aug 2016]. When Solgold first embarked on the Cascabel project in Ecuador, the share price was 1.5p [placing] with a mkt cap of around £8m mark.This was the RNS of 2 Apr 2013. In theory, any major could have picked up a stake of 15% for about £1.2m Solgold had provided some good geological information and models figures. An interesting journey of a junior about to be potentially dual listed in Canada whilst moving from AIM to the main market being planned. Today, Solgold at 39p has a market capitalisation of £558million. J.London 16 June 2017 [Fri]
29/1/2017
14:18
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.
11/11/2016
14:00
jlondon: TAKEOVER OF SOLGOLD? Ref:"Solgold not ruling out potential takeover by BHP."-Market Intelligence share price Global.com. 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 ..it 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." www.miningweekly.com 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 AmberMining@AmberMining 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 ow.ly/3cH0305YnKZ." 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]
19/9/2016
09:22
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
07/9/2013
14:48
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.
22/8/2013
17:51
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.
17/5/2013
10:40
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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