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SOLG Solgold Plc

8.48
-0.16 (-1.85%)
19 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Solgold Plc SOLG London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-0.16 -1.85% 8.48 16:35:00
Open Price Low Price High Price Close Price Previous Close
8.80 8.37 8.80 8.48 8.64
more quote information »
Industry Sector
MINING

Solgold SOLG Dividends History

No dividends issued between 20 Jun 2014 and 20 Jun 2024

Top Dividend Posts

Top Posts
Posted at 14/6/2024 12:29 by lowtrawler
Last post. I think I have run out of anything new to say or contribute and so this will be my last post. Before I go, I will summarise my views on SOLG and what I believe is likely to happen.

Cascabel is a world class resource but in a difficult jurisdiction and requiring block mining expertise. Any internal capacity for SOLG to develop Cascabel was removed over the past 2 years as the strategy has focussed on a business sale. A lot of interest has been shown from potential bidders but none have bitten.

With the updated PFS and support from Ecuador Central Government, SOLG are in a good position to advance towards production over the next 2 years and obtain all the local permits along the way. This is unlikely to be a smooth ride but I would expect SOLG to successfully navigate these obstacles. Their issue will be starting production without a bid having been made. They will not have the expertise nor financing to take that step. Failing to take that step will likely leave them in default and at risk of losing the Cascabel license. Hence, an early business sale is now more important than ever.

Potential bidders will not want SOLG to enter any more NSR arrangements and nor will they want any off-take arrangements. If SOLG long-term funding involves either of these, it will put off bidders. IMV, that makes a bid likely before the long-term financing is agreed.

Everyone has different views on the potential pricing of a SOLG bid. IMV, a realistic bid price will be somewhere between £400m - £1.2bn. I believe it is possible for a price of more than £1.2bn but only under very competitive bidding. The key risk is a bidder not arriving. Potential bidders will be judging whether to wait for SOLG to go into default or to move now. IMV, if a bid is not made prior to the longer-term financing, potential bidders have decided to wait for default.

As always, best of luck and hoping you all get the price you want.
Posted at 12/6/2024 11:08 by lowtrawler
Lurker, are you able to expand on why you think "Solg is actually over a bit of a barrel"

I'm one of the bears on this thread and have never been able to properly articulate what is holding SOLG back. My basic premiss has been:

1. SOLG stopped planning to develop Cascabel themselves about 2 years ago and also abandoned any plans to explore the regionals.
2. This left them with a single strategy - sell the business.
3. While there has been a lot of interest, no buyer has actually stepped forward.
4. In the absence of a buyer, they no longer have the skills nor finance to advance Cascabel to production.
5. All they can do is wait for a buyer to appear but the Ecuador government will not wait forever and the exploitation agreement suggests they have around 2 years.
6. If a buyer does not step forward in the next 2 years, SOLG will be unable to meet their commitments.

This puts SOLG into a position where they HAVE TO sell in the next 2 years or risk losing Cascabel through default. Potential buyers are aware of this. However, whether they buy from SOLG or from the Ecuador government following default, they will have competition and have to pay a fair price. In essence, there is no reason for them not to bid for SOLG now unless SOLG are demanding an unrealistic price.
Posted at 10/6/2024 10:02 by rougepierre
lurker...as you know, I've been inter alia a Private Client Stockbroker and a Pension Fund Manager.

And as you also will know, the hardest question to answer is "should I sell Bloggs Limited."

What your posts seem to indicate is that you have not taken profits in the past.

So to be factual.

I have twice doubled our money and sold out half, making over £200k so far. I confidently expect to make much more than that later this year.

Two years ago, in May 2022, as people will recall on here, I had built my own personal holding up to 1.8 million when the share price fell from 40p to 25p...at that time that was by far the most I've ever held. My wife held 800k.

But not long after I had cut right down to 400k (and 200k for Mrs) because of growing concerns about what was happening. We are now back at 3.1 million at 9p overall which we will probably retain until there is a successful bid for Solgold

So why did I cut back so drastically? (And BTW none of this would be a surprise to posters who were around at that time, because I openly conveyed my actions and opinions at that time and since, because I had previously been accused of lying.)

I have been for several years in direct contact with Ingo. I also developed an excellent relationship with Ayten Saridas which abides to this day.

And can I be clear I have never been in receipt of inside information...

Darryl's appointment was the first warning sign.

I totally agree that Nick had been guilty of overpromising and underdelivering and directly wrote to him to say so.

Around that time I also had an extended one to one with the Chairman, which filled me with real concerns about Corporate Governance and the future share price.

Then Ingo left...and Ayten resigned...

And what you should now know is that Ingo had concluded that Cascabel was unfundable in the market because of the size of the company and without massive equity dilution.

Also that Darryl had gone rogue with a failed 'cashbox' funding which quickly became open knowledge in London markets.

Then he went direct to another 'streamer' while Bob was actively engaged in putting together the Osisko deal.

In short, I and other very clued up and well connected posters on our Twitter feed now realise that if he had stayed, SOLG would have gone bust.

I'm sure you will agree that it has been a long haul. Bob was too precipitate in creating an expectation that he would find a bidder(s) "fast and smart"...

So here is my view of the current scenario:

The Exploitation Licence is in place, together with the necessary protections.

SOLG is in the process of finalising "NON EQUITY, NON DILUTIVE" financing which will be 'significant'.

IMO that will do two things:

1 It will put an imputed value on Cascabel

2 It may well stimulate bid(s) and frankly 'normal' market metrics will go out of the window once a major(s) take on the Chinese State (Jiangxi) for whom it would be a strategic coup in both Ecuador and copper/gold

There is one outside possibility. That a major partner that has a block caving capability takes a majority stake in Cascabel, thereby also putting a value on this Tier 1 resource.

So in conclusion, it is never my intention to big myself up. In response to you I have previously established my career experience; now you may understand better my Solgold investment experience.

My proposal therefore is that the exchanges between us do neither of us much good, so why not engage with me in constructive dialogue rather than constantly and rather arrogantly trying to dismiss my credentials for reporting fact and informed opinion about Solgold.
Posted at 06/6/2024 07:43 by hazl
SolGold (LSE & TSX: SOLG) is pleased to announce the signing of the Exploitation Contract ("Exploitation Contract" or "EC") for the Cascabel Project ("Project"), its flagship copper-gold project in Ecuador. This milestone follows the successful contractual negotiations and approval of the term sheet ("Term Sheet") by the Government of Ecuador in July 2023 (see SolGold release dated 20 July 2023). The EC and existing legislation and regulations establish the legal and financial terms and conditions required for the Cascabel Project's development.



Mr. Diego Ocampo, Vice Minister of Mines, stated: "This Contract represents a new era of economic development for Ecuador, demonstrating our commitment to promoting investment and sustainable development in the mining sector. The Government of Ecuador supports the Cascabel Project, which will bring substantial long-term benefits to our country's economy and local communities through significant investment, job creation, and sustainable growth."



Mr. Scott Caldwell, CEO and President of SolGold Ecuador, commented: "The signing of the Exploitation Contract for the Cascabel Project is a landmark achievement for SolGold and our stakeholders. This success would not have been possible without the invaluable collaboration and support from the Government of Ecuador, regional administrations, and local communities. We are strongly committed to cultivating sustainable development and shared prosperity in Ecuador and its communities."
Posted at 03/6/2024 13:38 by rougepierre
loganair...if you hold SOLG shares these statements are disgraceful and suggest you are mentally unstable so...

You are clearly a deramper and HOLD NO SHARES WHATSOEVER...

Otherwise why say these things?

"Solgold have circa 10 weeks of cash left in the bank, so looks like either they'll have to try and raise a further $10mln to keep the lights on or go bust...."

And

"Currently and for some time Solgold have been and are extremely financially distressed.

From 31st December 2023 to 31st March 2024 Solgold burnt through over $9mln, that's over $3mln per month. The $10mln loan will last Solgold no more then 4 months and they have already gone through the first month of that.

Solgold also said they would be spending $30mln per year over the next 2 years = $2 1/2 mln per month.

This means that Solgold will run out of money somewhere between mid August and the end of August."

UTTER TOSH!!!!!!

The statement about $30m a year is way out of date. The MD&A states they only NEED to spend $754k over the next 4 years.

So as I have already pointed out...drilling and licence spending is discretionary.

You are either dishonest or inept with no financial experience using the 3 months HISTORY to project the future...APART FROM THE OPERATIONAL EXPENDITURE... which is fixed...and was $810k for the same three months.

The QUARTERLY FINANCIAL REPORT Cashflow Statement shows for the THREE MONTHS:

$817,249 spent on Operational Avtivities and

$8,457,880 spent on "Capitalized exploration and evaluation expenditure"

The large amount of this was spent on preparing the revised PFS announced in March.

I repeat...the only requiremnt for "exploration expenditure" is $754,126 for the 4 YEARS from July 1 2024. Thats $12k a month.

STOP POSTING UNVALIDATED LIES
Posted at 16/5/2024 15:45 by havinthelastoast
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Solgold Share Chat - SOLG
Solgold Plc is listed in the Gold Ores sector of the London Stock Exchange with ticker SOLG. The last closing price for Solgold was 8.88p. Over the last year, Solgold shares have traded in a share price range of 5.67p to 19.48p.

Solgold currently has 3,001,106,975 shares in issue. The market capitalisation of Solgold is £266.50 million. Solgold has a price to earnings ratio (PE ratio) of -5.29.
Current Price
8.88

0.00

0.00%

Bid Price Offer Price
8.93 9.00
High Price Low Price Open Price
Shares Traded Last Trade Market Cap
0.00 01:00:00 266.5M

Solgold Share Discussion Threads
Next Page
Date Subject
16/5/2024
07:54 havinthelastoast: Highlights of the Period Include:

· Completion of the updated Cascabel Pre-Feasibility Study ("PFS"): The updated PFS incorporates a phased approach plan, significantly reducing initial capital costs. Key figures include a pre-tax NPV8% of $5.4bn, 33% IRR, and a post-tax NPV8% of $3.2bn with a 24% IRR. The PFS presents significant copper, gold, and silver production estimates over a 28-year mine life, updated mineral resource and reserve statements for the Alpala Deposit and an updated mineral resource statement for the Tandayama America deposit. (PFS Announcement)

· Appointment of Mr. Jian (John) Liu and Mr. Charles Joseland to the Board of Directors: Mr. Lui and Mr. Joseland bring extensive experience and valuable insights that will support SolGold's strategic initiatives and governance. (Directors Announcement)

· The Blanca-Nieves Project Exploration Update: Assays from channel-saw samples of gold-bearing epithermal quartz vein outcrops at the Florida target returned results of 6.15m @ 7.46 g/t Au, including 2.2m @ 21.1 g/t Au. Additionally, a significant porphyry target has been identified at Cielito Norte, covering approximately 2.5 x 2.5 km, approximately 8m from the Cascabel project of about 8 km. (Exploration Update)

· Memorandum of Understanding ("MOU") for Hydro-Solar Energy Initiative: SolGold has signed an MOU with Grupo Empresarial Semaica, Enerhydra, and Constructora Nacional S.A. for a sustainable hydro-solar energy initiative at the Cascabel Project. The collaboration aims to develop a Power Project delivering approximately 200 megawatts of renewable energy, aligning with environmental stewardship and economic development goals, with partnerships established to secure financing and ensure adherence to regulatory standards. (MOU Announcement)
Read Full ThreadReply
16/5/2024
07:50 havinthelastoast: As at 31 March 2024, SolGold Plc (the “Company”;;) and its subsidiaries (the “Group”) had cash on hand of $3,452,963 and net

current assets of $3,540,879. Following the successful completion of a $10 million financing subsequent to the balance sheet

date, the group has sufficient liquidity for the next few months but less than twelve months to support its operations while

it explores substantial and longer-term funding solutions. On 13 May 2024, the Company agreed to a short-term $10

million loan. The loan may be repaid early and other terms and conditions are customary for the nature of the loan.

The Directors have reviewed the cash position and cash position forecast of the Group and the Company for the period to 30

September 2025 and consider it appropriate that the Group and the Company financial statements are prepared on the going

concern basis. This basis contemplates the continuity of normal business activities and the realisation of assets and discharge

of liabilities in the ordinary course of business, for the reasons set out below.

The Group has not generated revenues from operations in its history. Like many exploration and development companies, the

Group raises finance for its exploration and appraisal activities in discrete tranches. Therefore, the ability of the Group to

continue as a going concern depends on its ability to manage costs and secure additional financing within the next twelve

months. Management’s cash flow forecasts show that the Group and the Company need to secure additional funding to

continue their exploration and development programme and in order to continue to meet their obligations and liabilities as

they fall due.

A going concern assessment conducted by the Group, reviewing its current and projected financial performance and position,

including current assets and liabilities, future commitments, and forecast cash flows, has determined in management’s base

case and downside scenarios, there is not sufficient liquidity for at least the next twelve months from the date of approval of

these financial statements, without the receipt of additional financing.

The Company has a proven ability to execute equity and other financings, most recently demonstrated by the completion of a

$10 million borrowing subsequent to 31 March 2024. The Directors have a reasonable expectation that the Group will be able

to raise further funds when necessary and, as has been the case previously, the Directors expect that future funding will likely

be provided by equity investors, debt, or via other strategic arrangements.

If the Company is unable to secure sufficient funding, it may not be able to fully develop its portfolio of exploration projects,

and this may have a consequential impact on the carrying value of the related exploration assets and the investment of the

parent company in its subsidiaries as well as the going concern status of the Group and the C
Posted at 16/5/2024 09:03 by havinthelastoast
Nice one Georgia!

Let's keep this simple - anytime Lowtrawler or loganair post anything, make sure they are knocked so far down the page that no one will see their posts.

They are not invested here so their input is not required and is 100% negative and malicious.

Time to cut the cancer out.

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Solgold Share Chat - SOLG
Solgold Plc is listed in the Gold Ores sector of the London Stock Exchange with ticker SOLG. The last closing price for Solgold was 8.88p. Over the last year, Solgold shares have traded in a share price range of 5.67p to 19.48p.

Solgold currently has 3,001,106,975 shares in issue. The market capitalisation of Solgold is £266.50 million. Solgold has a price to earnings ratio (PE ratio) of -5.29.
Current Price
8.88

0.00

0.00%

Bid Price Offer Price
8.93 9.00
High Price Low Price Open Price
Shares Traded Last Trade Market Cap
0.00 01:00:00 266.5M

Solgold Share Discussion Threads
Next Page
Date Subject
16/5/2024
07:54 havinthelastoast: Highlights of the Period Include:

· Completion of the updated Cascabel Pre-Feasibility Study ("PFS"): The updated PFS incorporates a phased approach plan, significantly reducing initial capital costs. Key figures include a pre-tax NPV8% of $5.4bn, 33% IRR, and a post-tax NPV8% of $3.2bn with a 24% IRR. The PFS presents significant copper, gold, and silver production estimates over a 28-year mine life, updated mineral resource and reserve statements for the Alpala Deposit and an updated mineral resource statement for the Tandayama America deposit. (PFS Announcement)

· Appointment of Mr. Jian (John) Liu and Mr. Charles Joseland to the Board of Directors: Mr. Lui and Mr. Joseland bring extensive experience and valuable insights that will support SolGold's strategic initiatives and governance. (Directors Announcement)

· The Blanca-Nieves Project Exploration Update: Assays from channel-saw samples of gold-bearing epithermal quartz vein outcrops at the Florida target returned results of 6.15m @ 7.46 g/t Au, including 2.2m @ 21.1 g/t Au. Additionally, a significant porphyry target has been identified at Cielito Norte, covering approximately 2.5 x 2.5 km, approximately 8m from the Cascabel project of about 8 km. (Exploration Update)

· Memorandum of Understanding ("MOU") for Hydro-Solar Energy Initiative: SolGold has signed an MOU with Grupo Empresarial Semaica, Enerhydra, and Constructora Nacional S.A. for a sustainable hydro-solar energy initiative at the Cascabel Project. The collaboration aims to develop a Power Project delivering approximately 200 megawatts of renewable energy, aligning with environmental stewardship and economic development goals, with partnerships established to secure financing and ensure adherence to regulatory standards. (MOU Announcement)
Read Full ThreadReply
16/5/2024
07:50 havinthelastoast: As at 31 March 2024, SolGold Plc (the “Company”;;) and its subsidiaries (the “Group”) had cash on hand of $3,452,963 and net

current assets of $3,540,879. Following the successful completion of a $10 million financing subsequent to the balance sheet

date, the group has sufficient liquidity for the next few months but less than twelve months to support its operations while

it explores substantial and longer-term funding solutions. On 13 May 2024, the Company agreed to a short-term $10

million loan. The loan may be repaid early and other terms and conditions are customary for the nature of the loan.

The Directors have reviewed the cash position and cash position forecast of the Group and the Company for the period to 30

September 2025 and consider it appropriate that the Group and the Company financial statements are prepared on the going

concern basis. This basis contemplates the continuity of normal business activities and the realisation of assets and discharge

of liabilities in the ordinary course of business, for the reasons set out below.

The Group has not generated revenues from operations in its history. Like many exploration and development companies, the

Group raises finance for its exploration and appraisal activities in discrete tranches. Therefore, the ability of the Group to

continue as a going concern depends on its ability to manage costs and secure additional financing within the next twelve

months. Management’s cash flow forecasts show that the Group and the Company need to secure additional funding to

continue their exploration and development programme and in order to continue to meet their obligations and liabilities as

they fall due.

A going concern assessment conducted by the Group, reviewing its current and projected financial performance and position,

including current assets and liabilities, future commitments, and forecast cash flows, has determined in management’s base

case and downside scenarios, there is not sufficient liquidity for at least the next twelve months from the date of approval of

these financial statements, without the receipt of additional financing.

The Company has a proven ability to execute equity and other financings, most recently demonstrated by the completion of a

$10 million borrowing subsequent to 31 March 2024. The Directors have a reasonable expectation that the Group will be able

to raise further funds when necessary and, as has been the case previously, the Directors expect that future funding will likely

be provided by equity investors, debt, or via other strategic arrangements.

If the Company is unable to secure sufficient funding, it may not be able to fully develop its portfolio of exploration projects,

and this may have a consequential impact on the carrying value of the related exploration assets and the investment of the

parent company in its subsidiaries as well as the going concern status of the Group and the C
Posted at 16/5/2024 08:58 by kinggeorgevii
As toast say, worth repeating...



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Solgold Share Chat - SOLG
Solgold Plc is listed in the Gold Ores sector of the London Stock Exchange with ticker SOLG. The last closing price for Solgold was 8.88p. Over the last year, Solgold shares have traded in a share price range of 5.67p to 19.48p.

Solgold currently has 3,001,106,975 shares in issue. The market capitalisation of Solgold is £266.50 million. Solgold has a price to earnings ratio (PE ratio) of -5.29.
Current Price
8.88

0.00

0.00%

Bid Price Offer Price
8.93 9.00
High Price Low Price Open Price
Shares Traded Last Trade Market Cap
0.00 01:00:00 266.5M

Solgold Share Discussion Threads
Next Page
Date Subject
16/5/2024
07:54 havinthelastoast: Highlights of the Period Include:

· Completion of the updated Cascabel Pre-Feasibility Study ("PFS"): The updated PFS incorporates a phased approach plan, significantly reducing initial capital costs. Key figures include a pre-tax NPV8% of $5.4bn, 33% IRR, and a post-tax NPV8% of $3.2bn with a 24% IRR. The PFS presents significant copper, gold, and silver production estimates over a 28-year mine life, updated mineral resource and reserve statements for the Alpala Deposit and an updated mineral resource statement for the Tandayama America deposit. (PFS Announcement)

· Appointment of Mr. Jian (John) Liu and Mr. Charles Joseland to the Board of Directors: Mr. Lui and Mr. Joseland bring extensive experience and valuable insights that will support SolGold's strategic initiatives and governance. (Directors Announcement)

· The Blanca-Nieves Project Exploration Update: Assays from channel-saw samples of gold-bearing epithermal quartz vein outcrops at the Florida target returned results of 6.15m @ 7.46 g/t Au, including 2.2m @ 21.1 g/t Au. Additionally, a significant porphyry target has been identified at Cielito Norte, covering approximately 2.5 x 2.5 km, approximately 8m from the Cascabel project of about 8 km. (Exploration Update)

· Memorandum of Understanding ("MOU") for Hydro-Solar Energy Initiative: SolGold has signed an MOU with Grupo Empresarial Semaica, Enerhydra, and Constructora Nacional S.A. for a sustainable hydro-solar energy initiative at the Cascabel Project. The collaboration aims to develop a Power Project delivering approximately 200 megawatts of renewable energy, aligning with environmental stewardship and economic development goals, with partnerships established to secure financing and ensure adherence to regulatory standards. (MOU Announcement)
Read Full ThreadReply
16/5/2024
07:50 havinthelastoast: As at 31 March 2024, SolGold Plc (the “Company”;;) and its subsidiaries (the “Group”) had cash on hand of $3,452,963 and net

current assets of $3,540,879. Following the successful completion of a $10 million financing subsequent to the balance sheet

date, the group has sufficient liquidity for the next few months but less than twelve months to support its operations while

it explores substantial and longer-term funding solutions. On 13 May 2024, the Company agreed to a short-term $10

million loan. The loan may be repaid early and other terms and conditions are customary for the nature of the loan.

The Directors have reviewed the cash position and cash position forecast of the Group and the Company for the period to 30

September 2025 and consider it appropriate that the Group and the Company financial statements are prepared on the going

concern basis. This basis contemplates the continuity of normal business activities and the realisation of assets and discharge

of liabilities in the ordinary course of business, for the reasons set out below.

The Group has not generated revenues from operations in its history. Like many exploration and development companies, the

Group raises finance for its exploration and appraisal activities in discrete tranches. Therefore, the ability of the Group to

continue as a going concern depends on its ability to manage costs and secure additional financing within the next twelve

months. Management’s cash flow forecasts show that the Group and the Company need to secure additional funding to

continue their exploration and development programme and in order to continue to meet their obligations and liabilities as

they fall due.

A going concern assessment conducted by the Group, reviewing its current and projected financial performance and position,

including current assets and liabilities, future commitments, and forecast cash flows, has determined in management’s base

case and downside scenarios, there is not sufficient liquidity for at least the next twelve months from the date of approval of

these financial statements, without the receipt of additional financing.

The Company has a proven ability to execute equity and other financings, most recently demonstrated by the completion of a

$10 million borrowing subsequent to 31 March 2024. The Directors have a reasonable expectation that the Group will be able

to raise further funds when necessary and, as has been the case previously, the Directors expect that future funding will likely

be provided by equity investors, debt, or via other strategic arrangements.

If the Company is unable to secure sufficient funding, it may not be able to fully develop its portfolio of exploration projects,

and this may have a consequential impact on the carrying value of the related exploration assets and the investment of the

parent company in its subsidiaries as well as the going concern status of the Group and the C
Posted at 02/5/2024 10:26 by lowtrawler
loganair. As you know, I am not invested in SOLG and will not be investing in SOLG. Even so, I do believe Cascabel is a major asset that will eventually be exploited. I firmly believe a bid will be made for SOLG and Cascabel will be progressed to build. What I don't know is the timing or price. IMV, the longer it takes for a bid, the lower the price and eventually it would become a distressed sale.

IMV, SOLG will have no difficulty raising funds this year. My concern is how they raise those funds. If they enter a NSR or offtake deal, it will reduce the value of Cascabel and make an early bid less likely.

So long as SOLG do not come under pressure to meet their exploration commitments at the regional licenses, they can likely limp along for the next 3 years waiting for that illusive bid before they can be considered distressed. The other risk is the government lose patience at delays to the build. Cascabel is expected to form a major part of the Ecuador economy and if they don't commence build quickly, a distressed sale may be forced on them. This is why I still believe a bid is likely over the next few months.
Posted at 28/4/2024 11:04 by hazl
SolGold plc

("SolGold" or the "Company")

Blanca-Nieves Project Update - Outcrop results 6.15m @ 7.46 g/t Au



SolGold (LSE & TSX: SOLG) is pleased to provide an update on the Blanca-Nieves Project ("Project"). SolGold holds a 100% interest in the Project through its Ecuadorian subsidiary, Carnegie Ridge Resources S.A.



· Exploration identified a significant porphyry target at El Cielto Norte covering approximately 2.5 x 2.5 km and is greater in extent than the Alpala system to the south at the Cascabel Project

· At Florida, new assays from channel samples of gold-bearing epithermal quartz vein outcrops with up to 6.15m true thickness, returned results of 6.15m @ 7.46 g/t Au, including 2.2m @ 21.1 g/t Au

· Advancing new target areas towards drill-ready status

· Potential for future integration of Blanca-Nieves with the Tier 1 Cascabel Project, due to the proximity of approximately 8 km



Santiago Vaca, SolGold's Chief Geologist, commented:

"Our team is excited about the overall prospect of the Blanca-Nieves Project, including the potential for future integration with the Cascabel Project. The district scale opportunity reinforces our view that mining has the potential to be a significant, multi-generational sector in Ecuador."

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