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SOLG Solgold Plc

9.75
-0.08 (-0.81%)
17 Apr 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
  -0.08 -0.81% 9.75 6,392,186 16:35:15
Bid Price Offer Price High Price Low Price Open Price
9.72 9.78 9.97 9.53 9.60
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores USD 3.9M USD -50.34M USD -0.0168 -5.79 291.71M
Last Trade Time Trade Type Trade Size Trade Price Currency
17:50:41 O 245,142 9.713 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
2024-04-17 16:50:429.71245,14223,810.64O
2024-04-17 16:50:419.6740,5193,917.78O
2024-04-17 16:50:419.779,504928.45O
2024-04-17 16:30:259.74659,62464,253.97O
2024-04-17 16:19:399.7210,000972.00O

Solgold (SOLG) Top Chat Posts

Top Posts
Posted at 17/4/2024 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 9.83p.
Solgold currently has 3,001,106,975 shares in issue. The market capitalisation of Solgold is £291,707,598.
Solgold has a price to earnings ratio (PE ratio) of -5.79.
This morning SOLG shares opened at 9.60p
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 10:03 by hazl
Why consider SOLG?


Whilst copper is still valid for the move to electrification the big bucks will no doubt come after the infrastructure projects appear when the war is over and
rebuilding occurs.
This will bring great demand and that is usually the catalyst for share price rises in the relevant industries.

It's all about timing at the moment.





SolGold plc (LSE & TSX: SOLG) has received notification on 14 April 2024 from Scott Caldwell, Chief Executive Officer of the Company, that on 12 April 2024 he had acquired 55,000 Ordinary Shares of £0.01 each in the Company at a price of CAD0.18 per Ordinary Share of £0.01 each in the Company for the total consideration of CAD9,900. Following this acquisition, Scott Caldwell holds 19,462,244 Ordinary Shares of £0.01 each in the Company representing 0.65% of the issued share capital of the Company.

The Company advises that on 12 April 2024, Christopher Stackhouse, Chief Financial Officer of the Company was granted 3,000,000 options over Ordinary Shares of £0.01 each in the Company at an exercise price of £0.10285 per option. The options vest in equal 1/3rd tranches on 1 January 2025, 2026 and 2027. Following this grant, Christopher Stackhouse holds options over 9,000,000 Ordinary Shares of £0.01 each in the Company.'
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 16:23 by lowtrawler
hazl, SOLG has more than its fair share of idiots and derampers which is why I welcomed your arrival to challenge their position. However, no company is wholly positive and SOLG is not an easy company to understand or assess value.

Francois has become increasingly frustrated at the lack of linear relationship between metal prices, discovered resource and the share price I am simply trying to point out he needs to adopt a more complex valuation model. I have made no comment on the underlying value.

The only investors who have made money out of SOLG are those who have traded the swings. That includes rougepierre and mknight. If you aren't here to trade the swings, you can only hope for a bid. They have been up for sale for around 18 months with many interested parties and yet a bid has not arrived. IMV, if the improved metal prices, public support from the Ecuador government and better PFS are not enough to extract a bid, I don't know what will be the trigger.
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 😆😆
Posted at 09/4/2024 17:41 by rougepierre
logan air...

Own up...

Are you a paid deramper or...

Did you sell out and are desperate to get back in?

Because you have ZERO credibility here and...

Every time you post it is negative.

So...you said...

"Solgold running out of cash - tick.
Solgold licences are well over a year away - tick.
Solgold useless management - tick.
Solgolds Cascabel can only be put into operation at the top of the commodity cycle and not the bottom = not Tier one - tick."

Scott has ACTUALLY said

"non-dilutive non-equity funding coming"

"$60 million FOR THE NEXT TWO YEARS" not 2024 and 2025

"Enough money till June..."

The PFS Technical Report says we have TEN EOIs for off take funding totalling more than the upfront CAPEX for Cascabel

Where does it say the Exploitation licence is well over a year away?

The IPA will be completed in June.

The Environmental licence has been agreed and will be signed off imminently.

Solgold's "Useless" management has produced a blinder with PFS3 and the massive interest in Cascabel and the 89 projects.

Scott/Bob will make us a small fortune here in the next few months FOR THOSE WHO ARE INVESTED. And we have 3 million shares.

Scott has said over and over and Nick has said and the Board has said we have a Tier 1 mine...the biggest new copper gold find in the last 20 years...

$120 BILLION copper
$75 BILLION Gold

Even at 1% in the ground that is 55p a share.

Now why don't you SHUT UP and go and beat up some kids in the playground because you keep showing how very stupid you are.

As I said before...when you quote FACTS you have to actually quote the original source and what was said.

And if you are not back in yet you are going to be very very disappointed, because when the

"non dilutive, non equity funding" hits the RNS this share price will fly...

If not before...
Posted at 29/3/2024 06:27 by jammytass
Imbabura Online
Ah
Reading: Mayor of Ibarra met with a representative of SolGold to learn about the social and economic benefits of the project.
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Imbabura Online > Blog > News > Mayor of Ibarra met with a representative of SolGold to learn about the social and economic benefits of the project.
Present
Mayor of Ibarra met with a representative of SolGold to learn about the social and economic benefits of the project.
edition
March 26, 2024The Cascabel project, one of the largest mining projects, promoted by the Government of President Daniel Noboa Azín in the province of Imbabura, reached a new and significant milestone in its development. After successfully completing the exploration phase, the project advanced to the exploitation stage, promising a future where gold, silver and copper will be used under strict environmental and social sustainability standards according to the concessionaire company
.In a recent work meeting, Eng. Álvaro Castillo, mayor of the Ibarra canton, met with Luis Mario Sánchez, vice president of the SolGold company, and his technical team. The main objective of the meeting was to articulate joint actions for the use of mining royalties. These actions seek to boost the local economy by creating jobs for residents of the area of influence, thus guaranteeing a significant improvement in their quality of life.

Located in the La Carolina parish of the Ibarra canton, the Cascabel project is the jewel in the crown of SolGold, a company with operations focused on Ecuador. The company has committed an investment of $3.2 billion in the coming years for the development of this emblematic copper and gold project, as well as related activities.

SolGold CEO Scot Caldwell expressed his satisfaction with the agreement reached with the Ecuadorian State: “[This agreement] not only reinforces the protection of our key investment in Ecuador, but also symbolizes a deepening of our relationship with the State Ecuadorian". This agreement represents the largest mining investment in the history of the country, independent of the 4,311 million dollars already committed in the current Investment Protection Agreement (IPA) for Cascabel.

In February, SolGold published a new pre-feasibility study (PFS) for the project, highlighting a notable reduction in upfront costs. Pre-production capital for the initial development of the mine, the first module of the process plant and infrastructure, has now been estimated at $1.55 billion, considerably less compared to the $2.75 billion in the PFS issued in April 2022.The size of the resource indicates the mine's potential to become a multi-generational asset, potentially positioning it among the 20 largest copper and gold mines in South America. Construction of the mine is scheduled to begin in 2025, marking the beginning of a new era in Ecuadorian mining, with promises of economic growth and sustainable development for the Imbabura region and the country as a whole.
Posted at 28/3/2024 13:18 by hazl
19 March 2024



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."

Further Information

The Blanca-Nieves Project is situated approximately 8 km north of the Company's Tier 1 Cascabel Project in northern Ecuador, which holds 3.7 Bt of ore, 12.4 Mt of copper and 31.3 Moz of gold in the measured plus indicated category, and 854 Mt of ore, 2.0 Mt of copper and 5.3 Moz of gold in the inferred category. The Cascabel Project is the largest undeveloped copper-gold resource in South America and one of the largest in the world; with its recently published pre-feasibility study indicating an initial capex of $1.55B and the initial block cave yielding a peak annual production of 216 kt of copper, 734 koz of gold and 1.16 Moz of silver. The Project is situated in the Northern Andean Copper-Gold Belt, a region that promises to deliver a significant proportion of the copper and gold necessary to meet the growing global demand over the coming decades.



High-grade "bonanza-style" gold and silver mineralisation with visible gold has been discovered outcropping at numerous locations within the Blanca-Nieves Project area. This includes the previously reported presence of epithermal quartz veins with over 100 g/t gold grades at Cielito and Florida. The ongoing exploration efforts at the Blanca-Nieves epithermal gold-silver vein field continue to demonstrate significant potential for complex high-grade epithermal vein systems, and recent work has also identified the potential for a parent mineralised porphyry body beneath the outcropping gold system.



SolGold is advancing new target areas towards drill-ready status as exploration continues with both epithermal vein and porphyry gold-copper as objectives. SolGold intends ultimately to extend the definition of the gold-bearing epithermal veins at Cielito and Quiroz beyond the range of previous historical artisanal mining and drilling to date and to extend the size of the discovery at Florida, further demonstrating the Company's commitment to realising the full potential of the Blanca-Nieves Project with a view to integration with Cascabel.



Recent and historic exploration at the Blanca-Nieves Project, immediately north of the Company's Cascabel Project, has identified a widespread epithermal gold and silver precious metal field which covers more than 80 square kilometres.



New assays of channel samples from gold-bearing epithermal quartz vein outcrops, with up to 6.15m true thickness, returned 6.15m @ 7.46 g/t Au at Florida, including 2.2m @ 21.1 g/t Au (Figure 1). A significant thickening of quartz veins is observed along with an increase in clay alteration at Florida, and more recent fieldwork has identified a significant porphyry target at El Cielito Norte, immediately west of Florida.
Solgold share price data is direct from the London Stock Exchange

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