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SOLG Solgold Plc

10.60
1.31 (14.10%)
28 Mar 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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.31 14.10% 10.60 10.28 10.40 10.60 9.29 9.41 27,101,273 16:35:07
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 3.9M -50.34M -0.0168 -6.20 312.72M
Solgold Plc is listed in the Gold Ores sector of the London Stock Exchange with ticker SOLG. The last closing price for Solgold was 9.29p. Over the last year, Solgold shares have traded in a share price range of 5.67p to 22.60p.

Solgold currently has 3,001,106,975 shares in issue. The market capitalisation of Solgold is £312.72 million. Solgold has a price to earnings ratio (PE ratio) of -6.20.

Solgold Share Discussion Threads

Showing 10201 to 10224 of 41900 messages
Chat Pages: Latest  416  415  414  413  412  411  410  409  408  407  406  405  Older
DateSubjectAuthorDiscuss
09/3/2017
18:45
Can you add Solg please?
spacedust
09/3/2017
15:33
I have shares in SOLG and JLP

---
currently...

Beowulf - £48m mcap (no ML yet)
Amur - £46m mcap (with ML)
Both have no revenue other than placings...

JLP- £58m mcap (with ML) - rapidly growing revenue stream

I know where I would rather be.

nash81
08/3/2017
10:39
I suspect this will continue to drift down in slivers, as people become impatient of waiting several months for the resource statement. No big outfit is going to make a move without some authorative numbers to wave at their shareholders. Mirabeau thank you for posting those items.
lefrene
08/3/2017
05:49
Ecuador tax rate competitive

Incremental reforms through 2015 and 2016 mean Ecuador’s net tax take is in line with other countries in the region, Patrick Barnes of Wood Mackenzie, the architects of Ecuador’s fiscal overhaul, told delegates at the ‘Ecuador Day’ event at the PDAC Convention in Toronto, Canada.

By Paul Harris in Toronto, Canada

07 Mar 2017

A former Kinross Gold asset sold because of fiscal uncertainty, Fruta del Norte is being built by Lundin Gold

“Since 2014, the tax burden has come down mainly due to changes to the sovereign adjustment, accelerated depreciation, currency transfer tax and recoverable VAT. Ecuador is now lower than Mexico,” he said.

In 2016, the government clarified how the windfall and sovereign adjustment taxes would be levied with the net result that there is little probability that they will ever be activated,” he said.

The windfall tax will now be levied after the simple payback of initial capital invested with no discount rate plus four years with the base price clarified for each metal. After four years, it will only kick in if there is a price increase of more than one standard deviation higher than the average over the previous 10 years.

In the current price environment, this would mean a copper price of US$4.10 per pound and gold price of $1,600 per ounce.

For the sovereign adjustment, all project cash flows will be taken into account, including project expenses leading up to the moment when an exploitation contract with the government is signed.

mirabeau
08/3/2017
05:32
More discoveries on the cards at Cascabel

BIG exploration success story SolGold expects Cascabel to be just the beginning, with executive director Nick Mather believing it will be the first of multiple so-called “tier one” copper-gold deposits the company could find in Ecuador.

Michael Quinn : 07 Mar 2017 23:14

Speaking at PDAC in Toronto this week, Mather made the case for more discoveries based on the geological knowledge gleaned from Cascabel already generating 14 other porphyry targets on SolGold’s ground including eight priority drill targets.

Mather believes Ecuador will host multiple porphyries as per Chile, with deposits relatively easily found in the latter’s arid dry environment but overlooked until very recently in the jungle and cloud covered former.

The cashed-up SolGold currently has three rigs on site, going to seven by the end of the year, and 10 next year.

Mather was super keen at PDAC to outline the potential of Cascabel and SolGold’s emerging other prospects given the huge run in the stock over the past 15 months or so.

The company is currently capitalised at more than $860 million, and if SolGold did happen to outline the 3-4 more tier one deposits Mather believes could potentially be in the offing, it would indeed be a major copper producer worth many multiples of current levels.

The more likely scenario assuming Cascabel stacks-up as expected is that it would end up in the hands of another corporate, with SolGold shareholder (and block cave specialist) Newcrest Mining and previously denied suitor BHP obvious interested third parties.

And another half dozen companies including Oyu Tolgoi block cave miner Rio Tinto can all be thrown into the mix without pause for thought.

A resource statement for Cascabel is due within the next 6-9 months, and while, in the words of Mather, “Blind Freddy can tell you it’s going to be a big one”, the formal numbers are awaited by the market.

Meanwhile Mather indicated the fiscal regime in Ecuador continued to track in the right direction, with SolGold’s future plans likely to be significantly assisted by Lundin Gold currently blazing a trail at Fruta del Norte and Chilean major Codelco entering a joint venture with Ecuador’s state mining company at a copper project 70km from Cascabel.

mirabeau
08/3/2017
00:11
MOD Resources - Maybe the closest thing to Ivanhoe's Kamoa-Kakula out there and could be bigger than SOLG!
temmujin
07/3/2017
10:21
This is the carm before the storm.
spacedust
06/3/2017
21:47
Been thinking price being held back. Just can't go back up to 40p. Glad really because i'd told myself I will sell some @ 40p. Too stubborn or stupid to accept 39p. Well I predict we will break 40p tomorrow.
mam fach
06/3/2017
21:41
The Toronto listing should get provide enough momentum to get us to 50p
onedayrodders
06/3/2017
21:36
Another piece to the jigsaw soon. Don't you just love it when a plan comes together.
mam fach
06/3/2017
20:17
Licences awarded and to be awarded: Cascabel region
mirabeau
06/3/2017
19:56
Thanks to Padmaster on LSE



Up to 10 rigs by year end
Today 19:54



Not registered so can't open but:

"as the company ramps up its drilling programme at its Cascabel copper-gold project in Ecuador to up to 10 rigs by year end, VP exploration Jason Ward told Mining Journal .

mirabeau
06/3/2017
13:18
They are on it for the month of February already. They are now looking to break their own record.
spacedust
06/3/2017
11:10
spacedust ... is there a chance SOLG could make the Guinness Book of records for RNS's released in a month ?
onedayrodders
06/3/2017
10:58
spacedust I think this is likely to sit here for some time. Lots more drilling to define Alpala, then the resource statement, then the TSX listing. I can't see any of the big boys making further moves until their beancounters have gone over a resource statement. I would like to be wrong since plainly Cascabel is huge, probably a multi-billion tonner of commercial grade ore, and the price of copper continues to firm up, and gold also seems to be holding above $1200 an ounce. Sit back and buy any dips is my plan.
lefrene
06/3/2017
10:50
Can't wait for tomorrow. Roll on roll on
spacedust
03/3/2017
15:41
Ok I'll do my best. You know I work for guineas book of records.....

Any way we are blue so rns worked.

Txs listing as I have said 6 months ago will take yrs and some people shot me down

spacedust
03/3/2017
15:31
spacedust .. whatever you do promise me you won't look at the RNS ACA just released

you wont sleep tonight

onedayrodders
03/3/2017
14:40
The delay in TSX listing is because they have stated there will be a NI 43-101 resource statement to back it, and thats rather a moving target as they keep expanding the resource. An attractive maiden resource statement for Alpala should deffo perk up the price.
noccer
03/3/2017
14:16
The news I want to see is the listing on the Toronto Exchange, it's been promised for some time, seems harder to deliver than finding metal in a jungle.
lefrene
03/3/2017
13:57
Defo rns on Monday Wednesday and Friday almost guaranteed if you look at the recent rns issue dates. We may even get an rns every day next week.

Oh when is news dime it's already been few hours....

spacedust
03/3/2017
11:59
Expect there will be another RNS nxt week. Monday or Tuesday ? Jigsaw is coming together nicely . Plenty going on behind the scenes but holders seem to want to sell. Time will tell whether we should Hold or Sell.
mam fach
03/3/2017
11:43
It costs thousands to issue an rns every time. Does anyone know how much it costs per rns ?
spacedust
03/3/2017
11:37
Imagine a scenario with rns for a week.
spacedust
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