Share Name Share Symbol Market Type Share ISIN Share Description
SolGold 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
  +2.00p +5.00% 42.00p 41.35p 41.95p 42.00p 40.00p 40.00p 6,939,318 16:35:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -8.6 -0.7 - 720.88

SolGold Share Discussion Threads

Showing 13576 to 13599 of 13600 messages
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DateSubjectAuthorDiscuss
17/10/2018
22:38
Investors Chronicle update Today 22:31 Tip Update: Buy at 40.3p Tip style - SPECULATIVE Risk rating - HIGH Timescale - MEDIUM TERM Our previous tip -We said BUY at 22.9p on 20 Feb 2018 Tip performance to date - +76% By Alex Newman A month on from its initial investment in SolGold (SOLG), mining giant BHP Billiton (BLT) has paid £45m for 100m shares in the Ecuador-focused copper-gold explorer, at a 30 per cent premium to the group’s 20-day volume weighted trading average. The deal, which brings BHP’s holding to 11.2 per cent, gives the commodities giant the right to appoint a director to the explorer’s board and grants BHP anti-dilution rights for two years to ensure it has at least 10 per cent of the business. In turn, BHP has promised not to increase its holding above 247m shares (equivalent to 13.6 per cent of the business), unless it makes a full offer. IC View This deal essentially prevents BHP from going hostile, but it is not exempt from making a bid during the period, should it wish. The £72m it has so far committed to SolGold may be small beer to the mining giant, but it is worth noting that BHP spent just $165m (£125m) on minerals exploration last year. Another marker in the sand reaffirms our original call (22.9p, 22 Feb 2018), even at 40.4p. Last IC View: Buy, 25p, 5 Sep 2018 end
mirabeau
17/10/2018
19:59
Nothing wrong in taking profit: We hear that all the time, and when we evaluate those words there will essentially always be a small period in time where one could say "Well done.. It looks like you did well" My position is: I sell when I believe I find a stock that will offer the potential gains I envisage occurring where I have my money. Recent successes and holds include PMO and SOLG. Sure, could have sold some of either or both and banked profit, but why? My take is we will have up to and over a 500% increase in a year or two.. So why would I be selling any.. I dont have any other stocks on my radar which I believe offers the same potential returns.. Strong holder, and not one of those who has to be selling and buying to be doing it right.. :-)
whites123
17/10/2018
17:31
Goldrush, To answer your question. No, I wouldn’t have thought personally that Newcrest were happy with their holding especially now BHP are chomping at their heals % holding wise, however I was simply going on what Newcrest had said themselves when they were questioned re their thoughts following the first BHP acquisition of the 6%. It was posted on here at the time (I don’t recall by whom) that Newcrest had responded re their JLP holding that “we’re happy with our lot” Smoke and mirrors? Playing their cards close to their chest? Very likely. PS. Nice uptick into the close bodes well for tomorrow?
alwaysevolving
17/10/2018
16:28
jerry Exactly taking the Options from the the Company advisor/ broker etc who is handling the Share Option Scheme, whoever wants to sell or retain free shares from sales,covering taxes etc....with them being in the money over 28p and selling at 41p still means Newcrest could pick up just less than 1% to their holding if the option holders want to retain the net shares
goldrush
17/10/2018
15:51
The options aren't traded options, so they cant easily be sold. If you mean they can buy the shares from the owners of the options who are hedging out their options, maybe. There was a large buyer yesterday with a million share trade. I suspect that was an insto and I would expect to see more of that in short term. Once we get these options exercised, there might not be the overhang that there appears to be.
jerryspaniel
17/10/2018
15:44
lefrene Good Points. Newcrest are not going to let their first mover advantage dissipate....they will want a top up.... and they will be pushing for 2% or 3% placing ....that’s why the Option Shares could be ideal but BHP may be after them as well !!
goldrush
17/10/2018
15:38
alwaysevolving, at the nub they want to make as much money as they can for as long as they can (decades) for the lowest risk and cost. Their advantage is that they already have massive financial clout, so they can make things on the ground happen when it suits them. So no great hurry on their part, just steady but certain progress. This event won't have gone unnoticed by the other big players, but it would now seem to be a game that can only be played by the very big boys. So if somebody wants to wrench it from current hands they will likely have to go very large indeed.
lefrene
17/10/2018
15:30
ae Do you think Newcrest are happy with their lot ? This is the ONLY investment they have got that is below 50%....An experiment ? (I don’t think so ) ....Also with the big mergers going on e.g. RRS and Barack Gold and what is the Newcrest response.....Cascabel etc surely would fit in nicely to their portfolio in a big way
goldrush
17/10/2018
15:29
Latest fund raising gives management confidence and also share price stability. Although it is dilution its been done in a very organised way. Shares have gone to company with genuine interest in Solg. Less risk of takeover at the moment.
mam fach
17/10/2018
15:24
Be great to be a fly on the wall in the boardrooms of BHP and Newcrest and find out what they are really thinking/planning re SOLG ? With the recent activity BHPs intensions appear more defined however all quiet on the Newcrest front? What are their intentions or are they simply happy with their lot? Would be great to have some kind of a clue to that end.
alwaysevolving
17/10/2018
15:17
It's not an area gap but a breakway one . They don't have to fill at all
onedb1
17/10/2018
15:04
Even Newcrest must be tempted to pick up the Options and get a further 2% on their shareholding and extend their lead over BHP
goldrush
17/10/2018
14:58
BHP can pick up another 40 million shares per yesterday’s agreement.....they must be tempted to try to pick up the 28 million options expiring in a few weeks time....IMHO
goldrush
17/10/2018
14:35
I'm surprised that so far no one has mentioned 'filling the gap', so there I've done it! I'm not expecting it to retrace much, as the BHP stake must be concentrating the hearts and minds of other would be mining participants. This move by BHP is positive in that they were willing to pay a premium to get a decent sized bite, and a good few will have bought in anticipation of such a move, and now sold the news and moved on. The deal buys Solg another couple of years of drilling holes in the jungle, so still a long way from any moves towards extraction. That upcoming MRE had better be a blockbuster to get this moving up again, and a low cost PEA also needed to underline the commercial value of the project.
lefrene
17/10/2018
14:28
You cannot keep a good story down; Cormark's latest note on $SOLG $SOLG.L #ecuador $CGP "BHP Get's Serious. Cascabel Funded to Feasibility" "...work to confirm Cascabel as a multi-decade mining camp" hTTps://twitter.com/SolGold_plc/status/1052531964778086400/photo/1
pob69
17/10/2018
13:20
I agree. But don't forget price has recovered from low 20's. Last week I struggled to hold my shares when I saw price falling back to 32p. Good news is BHP wanted to buy 100m @ 45p. Even better news sold few @ 44.8 on opening Tues. Not here to be richest person in cemetery. Nothing wrong in taking a little profit. 40p is still cheap.
mam fach
17/10/2018
12:45
With all the recent news and buzz in the media I'm disappointed with the short term share price action.
onedayrodders
17/10/2018
12:06
Hardly any of the above links can be opened. Al. Re current projects. Al.
bryall2
17/10/2018
09:44
BHP has been having copper problems in OZ and Chile and this may have contributed to its thoughts re diversification of supply.
arcadian
17/10/2018
09:14
I'm surprised nobody is mentioning DGR Global. MCap £46 million but they have 204 million shares in SOLG worth £82 million and 5 other 'tier one' investments... I bought a slug last night at 15.5....
rougepierre
17/10/2018
08:43
Still time to get in .
mam fach
17/10/2018
07:26
Analysts covering Solg have raised their price targets since yesterday’s news. All BHP driven. What will happen when another major feels they are being left behind? There’s 55% of the company already tightly held not including PI’s and other large holders Blackrock JPM and others. A million showed after hours -must be more of these in the wings. My guess is 60p by the time MRE2 is published.
yufff
17/10/2018
06:37
So what will today's RNS bring?
telbap
17/10/2018
00:04
Looking good for morning opening
bmnsa
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