Solgold Share Discussion Threads

[shabadi] 25/11/2019 09:51

BHP now running the show at Alpala, plus we now have a 37p ceiling.

Company will be forced to sell off other licences to raise funds, we can assume that's not happening any time soon otherwise this BHP deal would not have happened.

[goodgrief] 25/11/2019 09:49

Where else were they going to get the money? A vastly discounted open offer!There's precious little risk financing available and SOLG have nothing yet bankable.

[shabadi] 25/11/2019 09:45

MK - lets think 25p and be happy if its more. oh dear - another duff prediction.

22.15 is a slap in the face, diluted our holding again and raised enough funds to keep the company going for just another 6 months.

[telbap] 25/11/2019 09:41

Well that's answers that!

[greenelf] 25/11/2019 09:41

Shocking, company got mugged!!! The left the fund raise too late. Balls-up.

[nicksig] 25/11/2019 09:39

BHP agrees to invest US$22m in SolGold as 77m shares at 22.15p per share.


BHP to be issued 1:4 options (19.25m) exercisable at 37p within 5 years.


SolGold has invited, and BHP may provide, secondees for the technical effort for the completion of Feasibility Studies at SolGold's 85% owned Cascabel project in Northern Ecuador and regional exploration effort.

[pre] 25/11/2019 09:33

77m shares at 22.15p ...rns out

[telbap] 25/11/2019 09:32

@lowtrader, I did not read this as a raise, I read it as they were going to buy into the company, increase there holding?

[shabadi] 25/11/2019 09:21

I wonder if the departure of Anna is related to this leak.

[nicksig] 25/11/2019 09:06

Feel like I have bought near the bottom. This is now a long term hold for me

[lowtrawler] 25/11/2019 08:51

Agreed Dimitri. It opens the path towards long term gains and 70p plus is not unrealistic in the next 18 months.

[lefrene] 25/11/2019 08:50

The current market cap reflects less than 0.25% of the value of the total in ground metal that Solg controls, BHP knows it's stunningly cheap.

[lowtrawler] 25/11/2019 08:47

If it's untrue, they would be obliged to make an announcement.

[dmitribollokov] 25/11/2019 08:46

Initially yeah, but it’s about the long term game here and if they are prepared to put more money in, i look at the price, ceteris paribus, as a floor rather than a limit.

[lowtrawler] 25/11/2019 08:40

Rightly or wrongly, the SOLG price is likely to take its lead from how much BHP are paying. If the placement is at 25p, it is unlikely to rise much above that My takeaway is that BHP, an insider, are happy to invest in SOLG which should give us all comfort in the licenses and ongoing prospects.

[dmitribollokov] 25/11/2019 08:35

Back in, this is the play here.

[boris cobaka] 25/11/2019 08:34

Do the company have to put out a statement or have bhp officially confirmed their intention?

[oakville] 25/11/2019 08:31

This is one of those cases of people digesting over a few days. 30p within 36 hours?

[boris cobaka] 25/11/2019 08:16

Wow. Perhaps the key word there is planning or planned. So they haven't acquired the stock yet? Someone might be in trouble. What will they have to pay for the stock unless they are Simply gonna get a mates rate from a placement for so called funding...

[lowtrawler] 25/11/2019 08:12

The climb so far is a good start but where will it stop? That should give a good indication of how much BHP are paying.

[greenelf] 25/11/2019 08:07

Nice timing :)

[book5] 25/11/2019 08:07

I loaded las Thursday
I am delighted
May it continue to 72

[greenelf] 25/11/2019 08:01

No, why would they give it away, previous raises were 40p, plus things are far more advanced now project wise and resources wise.