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SOLG Solgold Plc

9.25
-0.01 (-0.11%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Solgold Plc LSE:SOLG London Ordinary Share GB00B0WD0R35 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.01 -0.11% 9.25 3,653,729 16:35:24
Bid Price Offer Price High Price Low Price Open Price
9.32 9.36 9.50 9.15 9.29
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores USD 3.9M USD -50.34M USD -0.0168 -5.55 279.7M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:36:15 O 1,500,000 9.288 GBX

Solgold (SOLG) Latest News

Solgold (SOLG) Discussions and Chat

Solgold (SOLG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-05-03 17:36:169.291,500,000139,320.00O
2024-05-03 15:35:249.25410,70037,989.75UT
2024-05-03 15:29:539.324,848451.83AT
2024-05-03 15:29:539.323,118290.60AT
2024-05-03 15:25:349.3646443.43AT

Solgold (SOLG) Top Chat Posts

Top Posts
Posted at 03/5/2024 09:20 by Solgold Daily Update
Solgold Plc is listed in the Gold Ores sector of the London Stock Exchange with ticker SOLG. The last closing price for Solgold was 9.26p.
Solgold currently has 3,001,106,975 shares in issue. The market capitalisation of Solgold is £279,703,170.
Solgold has a price to earnings ratio (PE ratio) of -5.55.
This morning SOLG shares opened at 9.29p
Posted at 30/4/2024 10:46 by rougepierre
"No company CEO is ever going to come out and say their company is going to go down the toilet within the next couple of months because the company is going to run out of money and is unable to raise any further money."

No but you are loganair, once again proving how stupidly naive you are.

So here is the complete list of options:

1 An equity issue. Could be done at any time. Yes the price would be penal, but are you going to tell me that with a NED on the Board Jiangxi haven't been asking for more shares.

And SOLG are so confident that they keep saying no..."non equity, non dilutive..."

2 The sale of the former CGP shares...155 million sat on the CGP balance sheet.

There would be absolutely on difficulty whatsoever in selling any or all of those shares, especially to Jiangxi or another would be bidder.

But Scott and Sangha have stated they would not sell these in the foreseeable future and certainly not anywhere near the current price.

3 Another streaming deal...

The last Osisko deal was $50m for 0.6% when copper was $3.83 and gold was $2000

Since then the value of that 0.6% has increased by 21%, so it should be a walk in the park to do another 0.5% for $50m...

4 An offtake deal. Scott stated earlier this year that since PFS3 they had at least TEN Expressions of Interest in doing an Offtake deal. The most likely candidates must by definition include: Trafigura, FNV, Glencore, Wheaton, Yamana, Jiangxi, etc...

In March, First Quantum were close to bankruptcy. Jiangxi agreed a deal for $500 million for 50,000 tonnes of copper anode a year.

Maximum, Solgold would need only $50m to cover all their cash requirements for the next 2 years, because Scott has stated categorically that "we are not mine builders..."

So given that First Quantum were desperate and given the TEN competitive interests, I believe we would be able to raise $50m for a commitment of as little as 4,000 tonnes a year or less from our 150,000 tonnes a year average copper equivalent production.

4,000 tonnes a year at current values is $41m a year...

(But better still we could do an offtake deal for Porvenir, which is an open pit mine...

Maybe less with the competitive element of gold included...)

And its no skin off the current management's nose because...

The deal would be conditional until production started; it represents a loan in kind; it could be cancelled by an intended predator; and...best of all...

It would light a fire under the share price because cash is the only concern holding the share price back right now (together with the manipulation), so I would expect the share price to trade in the 20s within weeks, meaning the CGP shares could be sold and the offtake agreement cancelled...

Simples

Now loganair...please give us your reasoned in depth analysis to counter the above, rather than your usual unsubstantiated, subjective views.

It is clear that you hold no shares. So why not stop ridiculing yourself. You are either trying to scare people or you are hoping to buy back in.
Posted at 29/4/2024 11:34 by rougepierre
The gift that keeps on giving loganair...

"I would not be investing in Solgold at the moment...why?"

First thank you for at last admitting that you don't hold any shares...

Which explains your constant negativity...

I suspect you have hedl in the past and are desperate for a share price fall so that you can get back in...

So heres the big news pal...

You CANNOT influence the share price on your own...mainly because nobody believes the unsubstantiated tripe that you write.

Second, you pick up snippets from SOLG without studying in depth...or even applying a few grey cells before spouting your opininions...

Ready for this...?

By Wednesday you are going to look pretty stupid.

But while you are waiting, dwell in this DIRECT QUOTE from Scott...

"we have had TEN EOIs since completing the revised PFS..."

Any one of those could produce an Offtake deal which could fund the company for years...

Remember...

Non-dilutive, non-equity funding on its way...imminently...
Posted at 28/4/2024 10:11 by lowtrawler
hazl, you really shouldn't be attacking those that are on your side. MK has been one of the most consistently bullish contributors over the years and only occasionally posts negatively. No company is ever perfect and so there are bound to be occasions when criticism is deserved. Equally, MK has had to navigate huge swings in the SOLG price and that can only be successfully done if willing to sell when events don't go as planned.The reality is, Scott promised a non dilutive funding was imminent and then traded the shares proving no funding was under negotiation. It should have been a huge red flag to you and all shareholders. Only MK appeared to take action. It would have saved you a 10% drop. If another NSR deal is announced as the route to funding I will despair. It will setback hope for a bid. IMV, it will remove any chance a bid will be made this year. If the funding is via a NSR deal, the share price is likely to trend down for the rest of this year.
Posted at 28/4/2024 09:40 by original fastjet
remember that paddy character telling everyone in Ggp to sit on their hands lol.
Look where their share price is now......
Funny how the same kind of wise ones in Solg are virtually telling everyone the same here.
Look where Solg share price is now compared to not so long ago being in the 30p + range 🤔🤔
Posted at 19/4/2024 10:07 by lowtrawler
hazl, if you don't understand the limited connection of the SOLG share price to metal prices, you have failed to grasp anything about SOLG fundamentals. Forecast metal prices will guide pricing but construction costs, operating costs, taxation, Ecuador specific risks, other risks, costs of capital, opportunity costs, competition, rumours of bid interest, possible finance dilution, SOLG obligations to explore the unexplored licenses etc. etc. also guide the price. Not only that, the metal prices that matter are those being forecast many years from now and can be completely different to the spot price.

There are a huge number of factors influencing the SOLG share price. Producers have a far more direct connection to metal prices than SOLG.
Posted at 17/4/2024 11:45 by lowtrawler
hazl, my stance should always have been clear. I don't invest in companies that require a takeover to be successful and so will not be investing in SOLG. However, I have a long investing history with SOLG that means I understand the business and the price drivers. I want SOLG to be sold for a good price and shareholders to make money. I have maintained an interest in SOLG because it will end with a bid and probably a bidding war. I want to see what triggers the bid and how the bidding war develops.

I believe it makes me a rare commodity on bulletin Boards: Someone who has the experience and knowledge to understand what is happening and call out when I believe prices will move in either direction. With no vested interest, you will always get my honest view of events. I believe you have failed to grasp the fact that SOLG's future is entirely dependent on a successful bid and structural movements in the commodity market are only relevant to the extent they make a bid more or less likely.

The reality is, SOLG will continually dilute shareholder value until such time as a successful bid. Any improvement to the share price is unlikely to come from management activity as they are running SOLG on care and maintenance. Improvements will only come from external factors e.g. Ecuador specific changes; metal price movements; anticipated copper demand; bid rumours etc.

As I have now said several times, SOLG have put in place everything they can to encourage a bid. Cascabel is an attractive asset and has a lot of interest from a lot of parties. I see nothing standing in the way of a bid being made and so am optimistic one will now happen. However, if it does not, it is difficult to understand what will change in the future that might trigger a bid. To make money on SOLG, you need a bid or you need to be trading the swings.
Posted at 17/4/2024 08:58 by lowtrawler
hazl, it's one thing to rebut all the idiots and trolls, quite another to dismiss the views of MK.

He has been in SOLG for an eternity and can be regarded as both a bull and a bellwether. He has a better "feel" for the SOLG share price than most as he watches it most days and has done for the past several years. He has traded the swings to avoid being caught in the long-term downward trend of the share price and if he is feeling less than positive about the current price, it is worth taking notice. I note he continues to hold most of his shares and so has not turned negative but it does indicate short term price gains may not be on the table.
Posted at 15/4/2024 14:52 by lowtrawler
francois, there is no direct relationship between metal spot prices and the SOLG share price

The underlying value of SOLG will depend on metal prices many years into the future. If spot prices move significantly, it doesn't necessarily follow this will change metal prices at the point SOLG move into production.

Anyone looking to bid for SOLG will have had to assume much higher metal prices than were contained in the PFS. The higher spot prices may help validate their higher prices or even allow them to consider adjusting their price forecasts upward. Hence, you will see some impact as metal prices move but it is far less direct than a producer.

Long-term investing in SOLG is a bet on them receiving a bid at multiples of the current price. Improved spot prices could help encourage a bid or validate assumptions within a bid proposal. Hence, they are worth considering. However, they are only one small part of the planning that will go into deciding whether a bid will be made. Spot price movements will have very little impact on short-term SOLG price movements.
Posted at 15/4/2024 10:27 by lowtrawler
francois, your expectations on share price impact are far too simplistic. Essentially, the SOLG share price is moving around based on a whole combination of factors only some of which are commodity prices. IMV, the 3 biggest factors influencing the price are:

1. Expectations of funding and the impact on shareholders.
2. Ecuador specific factors - politics, tax, etc.
3. Expectations of a bid and the potential price.

The FD purchase confirmed there is currently no movement on 1 or 3. This is why a Director buy was not positive in the same way it would normally be.

While commodity prices have risen, this will only matter if it increases the likelihood of a bid. If other factors e.g. interest rates, world politics, Ecuador invading the Mexican embassy, offset the improved metal prices, the share price will fall.

At the end of the day, unless you are day-trading, shareholders are only going to make a return if SOLG receive a bid. This is what you are waiting for and your focus should be on understanding anything that could trigger the bid to be made.
Posted at 13/4/2024 09:56 by original fastjet
Thank your lass for me again Francois 😆🚀🚀👥
Shame Solg share price doesn't gush like she does 😆😆
Solgold share price data is direct from the London Stock Exchange

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