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 -5.00% 28.50p 28.50p 30.00p 29.50p 28.00p 29.50p 2,691,056 10:57:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -4.9 -0.2 - 432.13

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09:59:4129.7414,2604,241.62O
09:57:1628.504,9561,412.46AT
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09:29:2929.792,652789.96O
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DateSubject
20/10/2017
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 30p.
SolGold has a 4 week average price of 28p and a 12 week average price of 28p.
The 1 year high share price is 46.75p while the 1 year low share price is currently 20.75p.
There are currently 1,516,245,686 shares in issue and the average daily traded volume is 1,871,912 shares. The market capitalisation of SolGold is £432,130,020.51.
18/10/2017
12:53
lefrene: alwaysevolving, naturally I'm as impatient as the next person to see this come to fruition, I have no doubt there is a huge resource in the ground, but recognise that the value will only be reflected in the share price when a miner steps up to the plate. Whether that be a JV or an outright purchase is yet to be seen. We are perhaps hoping for too much from the anticipated maiden resource statement to lift the share price? I suspect that major mining houses have put their slide rules over Alpala, but will sit on their hands until they see a feasibility study since the decision makers are likely to be company career men rather than being their own men. So unless there is a surprise deal I'm not expecting too much for at least 18 months. Of course money is being consumed, that will not help negotiations if it drags on too long. My hopes are for an early commitment by Newcrest, to save Solg from having to cave in to the likes of BHP. So my time frame 18 months to two years for Cascabel, but who knows what else they are going to find!
16/10/2017
17:17
pecker1: lefrene, If the share price continues to languish this increases the risk of a behemoth making an opportunistic bid claiming a significant premium over the last 3 to 4 months average price. IMO, that's why the falling share price should concern the BOD. High time we got a newsworthy set of drill results and, preferably, a clear timetable for November drilling of a new prospect such as Aquinaga, plus the highlights of what the geophysics is suggesting. Of course exploration is a long haul but the story needs envigorating every few months. And they are not short of drill rigs!
01/10/2017
23:37
tippow: With Copper set to explode i have Put together some info on #GEO which is well worth researching over the weekend. GEO has £4.5m in cash (enough to take them to production) and BOD have bought £100k's of shares in the open market previously so they are aligned with share holders. "Our twin objectives for 2017 are to report a 3 to 5 Mt copper and gold resource and to commence low cost production to be processed at our JV partner's neighbouring operations. We are on course to meet both objectives..." GEO are looking at proving up 50mt and it looks like that may well be blown out of the water as the resource looks much bigger then originally thought. 50mT at 1% gives 500,000 tonnes of copper. Copper at $3/lb = $6.62/kg=$6,620/tonne 6,620x500,000= $3.31 billion 50% ownership so that become $1.655 billion $=0.75£ $1.655billlion=£1.24 billion Lets assume a modest 50% recovery and a 25% profit margin. 1.24x0.5x0.25=£;155m Even with my ludicrously conservative assumptions and excluding the gold cap, this company is sitting on an asset at 5 x the current share price and production is likely to commenceg in the coming months. John Meyer,twice winner of the UK Smaller Mining Analyst of the Year. He picks Georgian as his top copper pick and describes GEO as "the next SOLG" SOLG market cap is £500m!! John Meyer, analyst at share price Angel, looks at his picks including Glencore, Rio Tinto, Georgian Mining and SolGold. 4.45mins in hxxps://www.ig.com/uk/market-insight-videos?CHID=9&SM=TW&REF=IGTV&bctid=5567278253001&bclid=3671160850001 … … … … … … Also previous videos on GEO worth watching hxxps://audioboom.com/posts/5996550-john-meyer-covers-georgian-mining-corp-geo-ortac-resources-otc … … … … … … … hxxps://audioboom.com/posts/6041037-john-meyer-on-solgold-solg-georgian-mining-corporation-geo-21st-june-2017 … … … … … … … hxxps://player.fm/series/the-vox-markets-podcast-with-justin-waite/824-georgian-mining-corporation-geo-and-bonnie-hughes-on-botswana-diamonds-bod … … … … … … … hxxps://audioboom.com/posts/6149837-greg-kuenzel-managing-director-and-martyn-churchouse-technical-director-of-georgian-mining-corporation-geo-27th-july-2017 … … … … … … … https://www.youtube.com/watch?v=RWSzYMTcZKg … … … … … … … This is what is being indicated by the BOD. "Although work to date has focused on three zones as separate areas, recent results suggest that they coalesce to form a large epithermal copper-gold system" Now that would be HUGE!!! "A large epithermal copper-gold system" GEO with its vast resources,no capex outlay for a mine,plenty of cash in hand Leading to a more or less debt free flying start to a rolling income equating to a minimum price target of 60pps+ based on available information with a million ton throughput for copper followed almost at the same time by gold? Is 60pps too conservative in view of the increasing copper and gold prices? we are awaiting in a strong news rich transformational period for the company and await results of the 28 assay results, JV production agreement, production starting date. The project is derisked now. It is going to be mined and no capex needed!! Remember the company have previously described their find as a "world class discovery" John Meyer also said in one of these interviews that " this will be in hundreds of millions if not more" Multibagger in the making here and all very close All thoughts are mine and helped by others posters snipets.
29/9/2017
06:42
temmujin: off topic..get yourself another 50 bagger RKBeekeeper Investment Case: Zanaga Iron Ore Company (ZIOC) Wednesday, Sep 06 2017 by Ash Deans 0 comments 3 Every now and then I come across a share that I was not expecting to find and that I’ve never heard anything about before, this is a classic example of one of those shares. Yesterday Zanaga Iron Ore Company popped up on my radar due to a very strange action in the share price and some very large trades moving through a stock that typically sees very few trades per day. This much un-loved stock may actually prove to be one of AIMs biggest movers this year! Let’s start with the fundementals Shares in issue: 279m Free Float: Approx: 75m (27%) Current MCap: £17m 52 Week High: 212p 52 Week Low: 4.6p All-time High: 212p (No dilution since this high!) All-time Low: 1.35p Cash in Bank: Approx $4.5m Zanaga Project Details The bare fact is that the company sits with a mineral resource situated in the Republic of Congo that is one of the world’s largest with up to 6.9bn tonnes and of which 2.1bn is iron ore at a 66% fe. These figures have been produced in compliance with the key JORC code and the iron ore NPV (after financing and net of production and transportation) has been valued at anywhere up to $966m net to ZIOC based upon the current iron price of approx $55/tonne. (If the price of Iron Ore moves back closer to the $80 range then this puts the value up to $1.4bn!!) The project is a 50/50 collaboration with Glencore ($40bn Mcap), with Glencore hold 1 share more than Zanaga to give them control of the project. Zanaga management have been playing the long game this last two years, steadily progressing the project through, in the most important instance, the ratification of its Mining Convention and the lodging of the Environmental Permit that is now VERY OVERDUE and that will be another potential major milestone in the progress towards exploitation of this world class ore resource. Next Catalyst This project is waiting on the Environmental Permit to be obtained, this was expected at the end of the 2016 fiscal year which means it is now several months overdue and can land any day now! Once the permit has been agreed this could spark a chain of events that will send this share price on a crazy journey. With the permit in place I would expect ZIOC to look at selling their stake in the project and due to Glencore’s huge success over the past couple of years they are now in a cash rich position and according to their chairman they are looking to buy out projects that they already have a stake in. “We are looking for opportunities around,” he said, adding Glencore was particularly interested in assets where it already had stakes or partnerships. This would put ZIOC firmly on their radar, the only outstanding issue being the Environmental Permit which should land very soon. My View: What happens next Based on my research I strongly believe that once the Environmental Permit has been obtained ZIOC will look to sell their half of the project, either to their partner Glencore or to another party, potentially a Chinese interest as there have been rumours of interest from China in the past. This is backed up by the share transfer announced on the 3rd April 2017, which I believe was to get everything ready for the sale of the asset. I also see the directors holding a huge percentage of the shares in issue here which is a sign of confidence in my mind that they know what is coming. It would not surprise me if the deal is already in place and the permit being obtained is the catalyst to finalise it. In regards to the price for the sale of the asset, based on it being one of the world’s leading iron ore assets I would be surprised if it were to sell for less than $100m (fire sale price), with my estimate being somewhere between $200m-$300m. When you compare this to the current Mcap of £17m you can see the huge value here! The Mcap appears to only be this low as it is so far off people’s radars at the moment and the overdue nature of the Environmental Permit. Downsides? Are there any risks here? Of course, as with all shares there is a potential risk here that there will be further delay in the Environmental Permit, or that it might not be granted. However, given that all other permits and licenses have been obtained I see this as extremely unlikely. The risk to reward here is huge in my mind. Very low risk, massive reward. Targets The movement in the share price here is going to be driven by the Environmental Permit being obtained… On that news I would expect the share price to move to around 50p per share (600%+ Rise) I would then expect the share price to continue to rise up to the point of the asset sale, which would likely be over £1 per share (1300%+ Rise) Due to the Very Low free float in this share it moves incredibly quickly which will make it very difficult to by once the RNS lands so this is one you want to be in before the news lands. If you wish to check the figures here in this post then I suggest you take a look at the most recent investor presentation here to get an understanding of the size of this asset: hxxp://www.zanagairon.com/pdfs/ZIOC-Investor-Presentation_21-Sept-2016.pdf The share price at the time of writing this post was 6.125p Note: I have emailed the company to obtain answers to a couple of outstanding questions. I will update this post once I get a reply.
26/7/2017
10:39
pecker1: Back in 2012, the HUI gold stocks index was over 500 compared to the 190 of today. Copper too is way down from its peaks. Fast forward 2/3 years to what the gold price might be in a debt saturated world in which China (biggest gold producer) has continued to challenge the supremacy of the US $ and the electric car sales chart is going parabolic. If this scenario plays out I can see a solg share price of at least £1 based on what they have discovered so far at Alpala. Success at Aguinaga and say one more of their prospects should lead to £2 or £3. This is what happens with great exploration stories. P.S. and it is very sensible to top slice on the way up to bank profits!
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%
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]
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]
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.
SolGold share price data is direct from the London Stock Exchange
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