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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.57 | 6.14% | 9.86 | 9.77 | 9.89 | 9.86 | 9.29 | 9.41 | 5,543,902 | 10:27:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Gold Ores | 3.9M | -50.34M | -0.0168 | -5.68 | 286.61M |
Date | Subject | Author | Discuss |
---|---|---|---|
10/11/2017 07:13 | Penrith, they haven't done enough drilling at Aguinaga to prove to the market that it is a feasible open cast mine but the seismic 3D gismo they use probably tells them all they need to know. Now how low can this go?Even the thieves on the main market recognise value and you can't get away from the fact that we are sat on one of the biggest ore bodies ever discovered so the lowest has to be low twenties IMHO. | mrpiggy | |
09/11/2017 23:15 | 11362 - Yes, 25p. | alwaysevolving | |
09/11/2017 21:11 | If Solgold had sufficient information to indicate that Aguinaga is very likely to be open pit would they have to disclose that immediately via a SRN? | penrith | |
09/11/2017 21:04 | Thanks Lefrene,With all the info we have now received and the reactions we have received today is anyone prepared to speculate where the share price will bottom out? | penrith | |
09/11/2017 19:55 | Your opening sentence is particularly spot on Lefrene A feeling of 2 steps forward and 1.99 steps back at the moment. For us PI's, if this is Aladdin's cave of multiple Copper Gold world class resources, a sell off of one to fund the rest would have been my preference. But I guess you can't force that and they have taken the bull by it's horns. The run down in the share price prior to the 25p placing leaves a disgusting taste but hopefully next few news releases will surprise to the upside and get is back on track. ODR | onedayrodders | |
09/11/2017 17:56 | Mrpiggy, I presume it's the size of Alpala and the fact they had already invested time and money there before realising that Aguinaga might be a goer? I was hoping they would sell off something to raise operating cash, but it seems that NM wants to go large and not sell bits of his empire. Which makes sense but it takes longer to see any rewards coming in. Much of the current value seems just down to Alpala, once some finds from these other tenements start to come in, Solg might then become seen as the most richly endowed of any company in the copper/gold sector? One has to trust NM that his strategy is the correct one to release maximum value to shareholders. If he favours large institutions as holders, then he will have plenty of professionals watching over his shoulder. Those 25p bankers are likely to be greedy, they haven't just paid out £45 million from their books to see a loss, they will scrutinised the assets and prospects, and liked what they saw. If it comes good it means the company can go back for more cash directly from those Banks and avoid the games and costs of going into the market for more money. I hate the fact this was done at 25p, and suspect the market price recently got driven down to that level because this deal was not a tight secret in the industry. Penrith, it would make a huge difference to future capital requirements if Aguinaga is an open pit goer, as it could be got going comparatively quickly. Hence the impatience here for a drill to be put down through it. What's done is done, lets see the money put to work to speed things up and expose the value in those holdings. | lefrene | |
09/11/2017 17:43 | Could Auginaga be an open pit mine? I thought all the Ecuador Mining would be underground. If open pit then surely this is very positive. | penrith | |
09/11/2017 17:16 | Yep, as I said the other day ODR this will be marched down to 25p(placement price or slightly sub 25p). | mrpiggy | |
09/11/2017 16:57 | Well 10% is less than I thought but hefty selling momentum late afternoon suggests a little more red tomorrow | onedayrodders | |
09/11/2017 16:51 | Aguinaga!I heard Solgold's geologist implying that Aguinaga had mineralisation on or near the surface. What I can't figure out is if that is the case then why this is not a priority. No doubt there will be perfectly legitimate reasons for this but we are not privy to them.Without a doubt patience is required here and the patient will be richly rewarded! | mrpiggy | |
09/11/2017 15:32 | Certainly wading through treacle here Mrpiggy, although if there was a will on the part of such as Newcrest, then I believe things could be got going much faster than 5 years, especially if there is an open pit candidate. I imagine that many of these mining projects are undertaken with borrowed money, and it's those lenders who seek certainty of the metal actually existing, hence the delays in establishing proofs, and then doing feasibility studies. Although I don't see why a feasibility study shouldn't be put together while further drilling goes on. At least this cash raise lets us know some Banks are willing to put cash into the project. | lefrene | |
09/11/2017 14:39 | Totally agree with your last post lefrene. In my opinion NM is in no hurry to see a rise in SP, why would he.... he has first hand knowledge of what is out there!As long as solgold retain a big chunk of cascabel when the red stuff is dug out of the ground then the immediate share price is irrelevant. NM owns a huge chunk of the company and as long as he is holding then that should give ALL investors confidence to do the same. I may be proven wrong but I recon we are at least 5 years from production so this is a long term hold. | mrpiggy | |
09/11/2017 14:10 | Or you could buy a profitable gold miner with a mkt cap is only £32m. With a CEO who seems allergic to raising and holds over 28% of the stock. | celeritas | |
09/11/2017 12:15 | Now we know why the TSX listing was needed, very likely London Banks would not put money into this. Interesting that they seem to want to 'institutionalise' the share register. That might in time see upwards pressure for the price as there will be proportionately fewer shares in free float. The future looks like more cash raises as Solg moves towards becoming a miner. | lefrene | |
09/11/2017 12:01 | I know exactly how you feel. If they don't hurry up it will be too late for me to enjoy my profits. Having said that I have been foolish, had said when they got to 40p I would sell some. But @ 40p prospects looked amazing. Hoping next news will move share price North. Keep the faith & hang on. | mam fach | |
09/11/2017 11:59 | 5070481, Thank you for that link. Seems cash burn has gone up as it's not so long ago they were claiming $65 million in the Bank was enough! Seems to me somebody needs to invent a superfast drill that can cut through 2km of rock in a couple of days! Perhaps time to invest in whoever makes these drills! Sandvik? | lefrene | |
09/11/2017 11:30 | Underwhelmed ODR, I recognise that mining is a dirty game in all senses and no one would do it without the prospect of very good rewards. Like many others here I would have been happier to have sold last February and be buying in now! Plainly stock markets are a den of insiders since the news recently released would in normal circumstances have sent the value of the company up, but no, insiders will have been aware of this coming cash raise and sold into the rise on the news. It would have been better to do the cash raise and then announce the good drilling news a day or two later. But this way some people got two bites of the cherry! The only way all we little people are going to see a reward here is when some deals are done, either a JV mining deal or selling slices of those new tenements to others. I trust that those tenements were carefully chosen, and that Solg has a good idea of possible resources in them. One hopes their sophisticated methods will shortly begin to reveal how rich they are. Eventually something will work out, I just hope I'm not dead before it does! | lefrene | |
09/11/2017 11:27 | Looks like news has been received better than I expected. Always agree with your thoughts ODR. Never a good time to announce a placing. Sure next set of news will justify placing. You certainly need a pair to be a shareholder here. | mam fach | |
09/11/2017 11:21 | Worth listening to | 5070481 | |
09/11/2017 10:41 | like me you sound a bit 'beat up' on this lefrene | onedayrodders | |
09/11/2017 10:37 | ODR Banks are usually tight with their money (except in housing booms :¬) ), so they won't have paid out £45m in expectation of losing money, indeed I presume this deal is so that those Banks can fill the boots of their private clients? If so I guess they have a vested interest in ensuring that the price doesn't drop below 25p? But then I thought the Newcrest deal at 41p had put a floor under the price!! So what advantage has NM won, having postured as not being cash strapped? He's lost the confidence of some of us, but presumably made a few friends who demanded 'mates rates' and got them. I suppose it's the price that has to be paid to speed up the march towards getting something into production. Just for once I'd like to see something delivered early, instead of things being later than advertised, and deals like this which suggests they are not being straight about cash burn. At least these Banks now have a vested interest in seeing Solg progress, which I guess is a positive. | lefrene | |
09/11/2017 10:06 | Agreed lefrene ... SOLG have just sold 45m quid worth of shares for 25p ... for now, why should the mm price different. Although encouraging buying currently | onedayrodders | |
09/11/2017 08:58 | I think it will sit at these levels for quite a time unless there is a deal out of the blue. It might be sat on vast reserves of copper and gold, but it's behaving just like a typical AiM stock, late on everything and economical with the truth about money requirements. | lefrene | |
09/11/2017 08:10 | With funding out the way bought more for 26.999p Expect return to 30's next week.. | ragewarrior | |
09/11/2017 08:09 | Agreed rage | chesty1 |
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