ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

SOLG Solgold Plc

8.89
0.03 (0.34%)
17 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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.03 0.34% 8.89 8.79 8.90 9.39 8.66 9.39 2,807,754 16:35:11
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 3.9M -50.34M -0.0168 -5.27 265.9M
Solgold Plc is listed in the Gold Ores sector of the London Stock Exchange with ticker SOLG. The last closing price for Solgold was 8.86p. 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 £265.90 million. Solgold has a price to earnings ratio (PE ratio) of -5.27.

Solgold Share Discussion Threads

Showing 43501 to 43523 of 43525 messages
Chat Pages: 1741  1740  1739  1738  1737  1736  1735  1734  1733  1732  1731  1730  Older
DateSubjectAuthorDiscuss
19/5/2024
20:42
Reckon this goes to 7p this week.
havinthelasttoast
19/5/2024
17:50
Ste2000
Totally agree on your stance regarding the rampers.
Lowest of the low disgusting folk 😡😡

original fastjet
19/5/2024
17:49
Willem Middlekoop's fund.
hazl
19/5/2024
15:46
Lastly for good measure we get a special mention quite often from Willem.
He is a bit of an expert.




20.20 in.
'our largest holding'.
'Could lead to a bidding war'.

Willem Middlekoop.

hazl
19/5/2024
15:38
It is also very natural for the major shareholders, who clearly hold for a reason to send people on to bbs in order to get it as cheaply as possible.
If they weren't interested in it and a potential buy out for the company, they would have sold by now, I would have thought.
Also and importantly, do do your own research.
Everyone has their own view and will speak accordingly.

Major share holders.
BHP Group (UK) Ltd.

310,965,736 10.36 % 42 M p

Newcrest Mining Ltd.

309,309,996 10.31 % 41 M p

DGR GLOBAL LIMITED

204,151,800 6.803 % 27 M p

JIANGXI COPPER COMPANY LIMITED

180,753,608 6.023 % 24 M p

Cornerstone Capital Resources, Inc.

157,141,000 5.236 % 21 M p

Dmyant Sangha

153,366,663 5.110 % 21 M p

Bell Potter Securities Ltd.

136,833,362 4.559 % 18 M p

Tenstar Trading Ltd.

107,877,393 3.595 % 14 M p

Norges Bank Investment Management

91,526,468 3.050 % 12 M p

Nichol Mather
89,746,710 2.990 % 12 M


Note we even have a Chinese holder!


No guarantees though!

IMO Only.

hazl
19/5/2024
14:44
It is only natural for any CEO to put the most positive spin, even in the most dire of financial situation.
loganair
19/5/2024
14:36
Currently Solgold are hanging on by the financial finger nails, only able to raise emergency injection of cash for no more than 4 months.

I can imagine that the $10mln Solgold borrowed was backed by one of their licences, maybe Porvenir.

loganair
19/5/2024
13:25
Poor old loganair poo pooing himself because no one takes him seriously.

What a loser.

Someone give him a nappy in case he poo poos again.

havinthelastoast
19/5/2024
08:36
'project overview

Location Bolivar province, Southwest Ecuador

Ownership 100%

Subsidiary Valle Rico Resources S.A.

Tenement Area 4 concessions, 188 km2

Deposit Type Gold-silver-copper epithermal'


From SOLG website above.

hazl
19/5/2024
08:34
Salinas

The Salinas project is prospective for both Ag-Au-Cu epithermal and Cu-Au porphyry systems.'

'

hazl
18/5/2024
20:21
The share price has been hammered mainly due to the political situation

This means the company has changed its strategy and plans to sell ASAP without raising new capital via issuing new shares at a low price.

The sale price increases as we derisk the project, but de-risking costs money and dilution. So, management has selected the best option for us shareholders (I bought back some last Friday).

As we don’t have much time and resources to bring risk to shallow values, the company will derisk for 10 million and sell

book5
18/5/2024
20:09
I can’t find opposition to this project in local Spanish media; that is a big plus. Solg, at least, will survive and most probably will thrive. Diversify and wait.
book5
17/5/2024
20:03
Log get real it was everything you were moaning about.

Just get over yourself.

hazl
17/5/2024
19:33
Nice to see gold and copper doing well .

Get the permits signed off and Finace sorted and it will open options up .

mknight
17/5/2024
18:28
For several months, several posters kept pooh-poohing me when I posted that Solgold only had enough cash in the bank to last them until mid June at the latest, their reply was always that Solgold had sufficient cash in the bank to last until the end of the year.

As we know even I was overly optimist with my mid June as Solgold needed an urgent cash injection mid May.

These very same posters are now pooh-poohing my posts when I say that Solgold will most probably run out of cash sometime in mid August as they seem to struggle to understand the real cash burn of Solgold.

loganair
17/5/2024
17:32
So you haven't read the Quarterly Financial Report to 31 March!!!

hxxps://wp-solgold-2023.s3.ca-central-1.amazonaws.com/media/2024/05/2024.03.31-Financial-Statements.pdf

PAGE 7

INTERIM CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE THREE AND NINE MONTHS ENDED 31 MARCH 2024

Three Months Ended 31 March 2024

Net cash outflow from operating activities (817,249)

Even you can divide by three!

rougepierre
17/5/2024
17:25
In the 6 months to 31st December 2023 Solgolds cash out flows were $19.4mln = $3.2mln per month.

Everything I have read in Solgolds financial reports make it very clear that their per month expenditure is somewhere between $2.5mln and a little over $3mln.

loganair
17/5/2024
17:14
Are those repulsive WANAS short on the stock by any chance,
or have they lost so much in the past, that now are "SOUR GRAPES"

master rsi
17/5/2024
17:09
loganair...

The 'OPERATIONAL COSTS" for the 3 months to 31 March were $817k...FACT...read it in the Financial Report.

Scott has stripped the company down to SIX full time employees; he's contracted out IR; he's paying Stackhouse a pittance which is why he has awarded him 3 million 'close to the money' options.

And you STILL HAVEN'T challenged my calculations using FACTS.

Do you realise how ridiculous and lacking crediblity you look.

Every post you make undermines the credibility of every future post.

So I say again?

What is your motive for a constant stream of negativity and do you hold any shares.

If you're getting even 50p for every deramping post you should be sacked because you are such an amateur, opinionated windbag...

rougepierre
17/5/2024
16:56
RP’s understanding of the financials is laughable. For the 3 months to 31 March, they did indeed have $817k of cash outflow from operating activities. However, this benefitted from $704k of working capital movements that are unlikely to be repeated. Hence, the true operating cash outflow was $1,521k. They are also making $108k quarterly payments on leases.


The big unknown is the Capitalized exploration and evaluation expenditure and how much of this is ongoing. In last year’s annual accounts, they confirmed $10,503k of staff costs were capitalized as this is where they book a significant portion of employee costs. It represented around a quarter of all their Capitalized exploration and evaluation expenditure for that year and so using that as a rule of thumb, around $2.1m of the costs are ongoing employee costs. However, they are also capitalizing costs associated with the employee expenses and the exact quantum of these is unknown, My personal estimate of these ongoing costs is around $1.3m for the quarter.


Adding these together: $1,521k, $108k, $2.1m and $1.3m, the most recent quarterly ongoing cash outflow is around $5.0m. However, they will not have stopped all discretionary exploration spend. It may be as low as $0.5m but is likely more. That means their current quarterly cash burn is around $5.5m, not the $817k expressed by RP.


You can forgive marginal difference but he is out by 700% and expressing his views in a way which make it sound like he couldn't possibly be wrong.

lowtrawler
17/5/2024
16:56
GOLD and COPPER are really hot today,
just like "loganair" but this one is " hot under the collar "

Intraday ---- Gold ------------------ Silver --------


1 month ----- Gold -------------------- Silver -------

master rsi
17/5/2024
16:51
rp - What do you think are the combined monthly salaries of 200 odd employees + geologists + managers and the directors of Solgold + the running of the various camps where they live?
loganair
17/5/2024
16:44
rp - Solgold themselves said their spending will be $30mln for each of the years of 2024 and 2025 = $2.5mln per month over the next 2 years.
loganair
Chat Pages: 1741  1740  1739  1738  1737  1736  1735  1734  1733  1732  1731  1730  Older

Your Recent History

Delayed Upgrade Clock