Share Name Share Symbol Market Type Share ISIN Share Description
SolGold LSE:SOLG London Ordinary Share GB00B0WD0R35 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.70p +3.20% 22.60p 6,496 08:00:23
Bid Price Offer Price High Price Low Price Open Price
21.90p 22.60p 22.60p 22.60p 22.60p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -4.92 -0.18 383.4

SolGold (SOLG) Latest News

More SolGold News
SolGold Takeover Rumours

SolGold (SOLG) Share Charts

1 Year SolGold Chart

1 Year SolGold Chart

1 Month SolGold Chart

1 Month SolGold Chart

Intraday SolGold Chart

Intraday SolGold Chart

SolGold (SOLG) Discussions and Chat

SolGold (SOLG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
07:00:1122.606,4961,468.10UT
2018-08-16 15:35:0921.9014,0243,071.26UT
2018-08-16 15:23:1621.85912199.27AT
2018-08-16 15:23:1621.852,981651.35AT
2018-08-16 15:23:1221.8510,0002,185.00AT
View all SolGold trades in real-time

SolGold (SOLG) Top Chat Posts

DateSubject
16/8/2018
09:20
SolGold Daily Update: SolGold is listed in the Mining sector of the London Stock Exchange with ticker SOLG. The last closing price for SolGold was 21.90p.
SolGold has a 4 week average price of 21.65p and a 12 week average price of 20.90p.
The 1 year high share price is 39.50p while the 1 year low share price is currently 19.76p.
There are currently 1,696,245,686 shares in issue and the average daily traded volume is 870,294 shares. The market capitalisation of SolGold is £371,477,805.23.
13/8/2018
16:47
lefrene: "Well in this case we are seeing a waste of a RNS ". onedb1, I did indeed take the above as criticism of the Board, but now I see that it can be read in a less critical way. We are of course (holders) all frustrated at seeing the share price stagnate despite the size of the resource and it's quality improving. I'm simply trying to rationalise (hah this is a stock market!), why the price might not reflect the good news. I suppose one good thing about a low price is that it will make the Board think twice before dumping more shares into the market to raise cash to throw about? Knowing there is a finite amount of cash I hope is making them very careful how they get best value for it. It's that lack of earnings and cash of course that is enabling this stand off. The vultures want to see NM run out of cash and then make a derisory offer. I'd rather see the whole thing mothballed than get screwed over by the usual suspects. My guess is that Mr Mather would rather do a deal with Australians than any other culture, time will tell, and the deepest pockets will call the shots.
13/8/2018
13:50
mam fach: What is worrying is if good news doesn't lift share price what would bad news do. Thankfully no bad rns's lately. Potential huge.Time line-impossible to say. Rns that will move share price is announcement of joint venture or sale of part of the assets.
13/5/2018
20:36
lefrene: The length of a piece of string is about as much guide as anything else. Cascabel seems to be shaping up to have an equivalent to 20 million tons of copper (my guess), which is worth roughly £5000 a ton, so that's a potential end value of £100 billion! WoW! So what's it worth in the ground? Again my guess due to excellent nearby infrastructure is 2% to 4% (this is where NM earns his handsome salary) but 2% of £100bn is £2bn or about 4 times the current share price. This purely my rosey tinted guessing, and taking Cascabel as a whole. There is nothing in that price for all the other 73 properties Solg controls, some of which appear to be very promising. My further guess is that Solg can't mine alone on Cascabel it will need a partner, which would seem likely to be Newcrest. However Solg does need yet more cash to keep drilling holes in the jungle, so some money needs to come in from somewhere. If I know this then of course the 12 miners giving Solg the eye will know it too, plus no doubt a great deal more about what it is likely to cost to get it up and running and how long it will take. Luckily NM seems a tough wily old bird, he's not desperate for cash, and as time passes and the copper gets proved up in increasing quantity, then so his hand in the game improves. It's a stand off that works for him, if somebody wants to get it from him then they will likely have to trump Newcrest as well. So perhaps we would get nearer that 4% in an out right bid? :¬) I sleep at night holding this one, even if I am in bed with Blackrock!
19/3/2018
11:47
pecker1: Mrpiggy, I would not want to argue with your gut but think it would be premature for Solg to engage in M&A: we are on the eve of Aquinaga drilling and confirming if Alpala stretches to Trivino and Moran. And they have yet to locate the rich core of Alpala they say is there, nor have they put a drill in Tandaya-america which looks very promising. That said, the Cascabel project will soon be moving into more of an exploration and development phase. I doubt the Solg share price is getting any value from its other Ecuador exploration activities. So it could make sense to follow Cornerstone's example and hive off the Ecuador activities outside Cascabel and those in Australia and the Pacific Islands into a separate exploration company, with solg keeping say a 35% stake. Those hoping for a repeat ten bagger could be attracted by the much smaller market cap and huge upside potential.As an existing solg shareholder, I would expect to be given a slice of new company shares in proportion to my Solg holding.
27/1/2018
12:38
onedayrodders: hTTps://investomania.co.uk/2018/01/solgold-plc-upside-potential-kaz-minerals-plc-glencore-plc-anglo-american-plc-exploration-update/ " SolGold plc (LON:SOLG) (SOLG.L) has released an exploration update today regarding its Cascabel Project in Northern Ecuador. There are now 12 rigs onsite and operational at Alpala. There has been an additional 13,384 metres of drilling completed since the release of the Alpala Maiden Mineral Resource Estimate cut off, which was published on 3 January 2018. Over the next year, the company anticipates that over 120,000 metres of drilling will be completed. In this regard, the company notes that it is encouraging that the new track-mounted rigs are already performing beyond expectations. They have delivered up to 60 metres per day each. The cost of drilling has fallen from $1,100 per metre to $530 per metre. This could mean the cost of drilling is less than may have been previously expected. SolGold is focused on significantly increasing upon the maiden resource at Alpala. With the bornite rich areas at Alpala South yet to be comprehensively tested, the company believes it could find a deep, rich root at Alpala. In the last year the SolGold share price has fallen 20%. That£s a worse performance than other resources stocks such as KAZ Minerals PLC (LON:KAZ) (KAZ.L), Glencore PLC (LON:GLEN) (GLEN.L) and Anglo American plc (LON:AAL) (AAL.L). KAZ Minerals is up 90%, Glencore has gained 25% and the Anglo American share price has risen 27% during the same one year time period. In my view, SolGold is making encouraging progress with its drilling programme. Although the nature of its activities is risky and highly uncertain, I believe the company could be able to deliver improved share price performance. I£m upbeat about the prospects for the gold price over the medium term and feel this could provide the stock with a tailwind in future. While potentially volatile, I feel its share price performance could improve relative to sector peers."
01/10/2017
23:37
tippow: With Copper set to explode i have Put together some info on #GEO which is well worth researching over the weekend. GEO has £4.5m in cash (enough to take them to production) and BOD have bought £100k's of shares in the open market previously so they are aligned with share holders. "Our twin objectives for 2017 are to report a 3 to 5 Mt copper and gold resource and to commence low cost production to be processed at our JV partner's neighbouring operations. We are on course to meet both objectives..." GEO are looking at proving up 50mt and it looks like that may well be blown out of the water as the resource looks much bigger then originally thought. 50mT at 1% gives 500,000 tonnes of copper. Copper at $3/lb = $6.62/kg=$6,620/tonne 6,620x500,000= $3.31 billion 50% ownership so that become $1.655 billion $=0.75£ $1.655billlion=£1.24 billion Lets assume a modest 50% recovery and a 25% profit margin. 1.24x0.5x0.25=£;155m Even with my ludicrously conservative assumptions and excluding the gold cap, this company is sitting on an asset at 5 x the current share price and production is likely to commenceg in the coming months. John Meyer,twice winner of the UK Smaller Mining Analyst of the Year. He picks Georgian as his top copper pick and describes GEO as "the next SOLG" SOLG market cap is £500m!! John Meyer, analyst at share price Angel, looks at his picks including Glencore, Rio Tinto, Georgian Mining and SolGold. 4.45mins in hxxps://www.ig.com/uk/market-insight-videos?CHID=9&SM=TW&REF=IGTV&bctid=5567278253001&bclid=3671160850001 … … … … … … Also previous videos on GEO worth watching hxxps://audioboom.com/posts/5996550-john-meyer-covers-georgian-mining-corp-geo-ortac-resources-otc … … … … … … … hxxps://audioboom.com/posts/6041037-john-meyer-on-solgold-solg-georgian-mining-corporation-geo-21st-june-2017 … … … … … … … hxxps://player.fm/series/the-vox-markets-podcast-with-justin-waite/824-georgian-mining-corporation-geo-and-bonnie-hughes-on-botswana-diamonds-bod … … … … … … … hxxps://audioboom.com/posts/6149837-greg-kuenzel-managing-director-and-martyn-churchouse-technical-director-of-georgian-mining-corporation-geo-27th-july-2017 … … … … … … … https://www.youtube.com/watch?v=RWSzYMTcZKg … … … … … … … This is what is being indicated by the BOD. "Although work to date has focused on three zones as separate areas, recent results suggest that they coalesce to form a large epithermal copper-gold system" Now that would be HUGE!!! "A large epithermal copper-gold system" GEO with its vast resources,no capex outlay for a mine,plenty of cash in hand Leading to a more or less debt free flying start to a rolling income equating to a minimum price target of 60pps+ based on available information with a million ton throughput for copper followed almost at the same time by gold? Is 60pps too conservative in view of the increasing copper and gold prices? we are awaiting in a strong news rich transformational period for the company and await results of the 28 assay results, JV production agreement, production starting date. The project is derisked now. It is going to be mined and no capex needed!! Remember the company have previously described their find as a "world class discovery" John Meyer also said in one of these interviews that " this will be in hundreds of millions if not more" Multibagger in the making here and all very close All thoughts are mine and helped by others posters snipets.
29/9/2017
06:42
temmujin: off topic..get yourself another 50 bagger RKBeekeeper Investment Case: Zanaga Iron Ore Company (ZIOC) Wednesday, Sep 06 2017 by Ash Deans 0 comments 3 Every now and then I come across a share that I was not expecting to find and that I’ve never heard anything about before, this is a classic example of one of those shares. Yesterday Zanaga Iron Ore Company popped up on my radar due to a very strange action in the share price and some very large trades moving through a stock that typically sees very few trades per day. This much un-loved stock may actually prove to be one of AIMs biggest movers this year! Let’s start with the fundementals Shares in issue: 279m Free Float: Approx: 75m (27%) Current MCap: £17m 52 Week High: 212p 52 Week Low: 4.6p All-time High: 212p (No dilution since this high!) All-time Low: 1.35p Cash in Bank: Approx $4.5m Zanaga Project Details The bare fact is that the company sits with a mineral resource situated in the Republic of Congo that is one of the world’s largest with up to 6.9bn tonnes and of which 2.1bn is iron ore at a 66% fe. These figures have been produced in compliance with the key JORC code and the iron ore NPV (after financing and net of production and transportation) has been valued at anywhere up to $966m net to ZIOC based upon the current iron price of approx $55/tonne. (If the price of Iron Ore moves back closer to the $80 range then this puts the value up to $1.4bn!!) The project is a 50/50 collaboration with Glencore ($40bn Mcap), with Glencore hold 1 share more than Zanaga to give them control of the project. Zanaga management have been playing the long game this last two years, steadily progressing the project through, in the most important instance, the ratification of its Mining Convention and the lodging of the Environmental Permit that is now VERY OVERDUE and that will be another potential major milestone in the progress towards exploitation of this world class ore resource. Next Catalyst This project is waiting on the Environmental Permit to be obtained, this was expected at the end of the 2016 fiscal year which means it is now several months overdue and can land any day now! Once the permit has been agreed this could spark a chain of events that will send this share price on a crazy journey. With the permit in place I would expect ZIOC to look at selling their stake in the project and due to Glencore’s huge success over the past couple of years they are now in a cash rich position and according to their chairman they are looking to buy out projects that they already have a stake in. “We are looking for opportunities around,” he said, adding Glencore was particularly interested in assets where it already had stakes or partnerships. This would put ZIOC firmly on their radar, the only outstanding issue being the Environmental Permit which should land very soon. My View: What happens next Based on my research I strongly believe that once the Environmental Permit has been obtained ZIOC will look to sell their half of the project, either to their partner Glencore or to another party, potentially a Chinese interest as there have been rumours of interest from China in the past. This is backed up by the share transfer announced on the 3rd April 2017, which I believe was to get everything ready for the sale of the asset. I also see the directors holding a huge percentage of the shares in issue here which is a sign of confidence in my mind that they know what is coming. It would not surprise me if the deal is already in place and the permit being obtained is the catalyst to finalise it. In regards to the price for the sale of the asset, based on it being one of the world’s leading iron ore assets I would be surprised if it were to sell for less than $100m (fire sale price), with my estimate being somewhere between $200m-$300m. When you compare this to the current Mcap of £17m you can see the huge value here! The Mcap appears to only be this low as it is so far off people’s radars at the moment and the overdue nature of the Environmental Permit. Downsides? Are there any risks here? Of course, as with all shares there is a potential risk here that there will be further delay in the Environmental Permit, or that it might not be granted. However, given that all other permits and licenses have been obtained I see this as extremely unlikely. The risk to reward here is huge in my mind. Very low risk, massive reward. Targets The movement in the share price here is going to be driven by the Environmental Permit being obtained… On that news I would expect the share price to move to around 50p per share (600%+ Rise) I would then expect the share price to continue to rise up to the point of the asset sale, which would likely be over £1 per share (1300%+ Rise) Due to the Very Low free float in this share it moves incredibly quickly which will make it very difficult to by once the RNS lands so this is one you want to be in before the news lands. If you wish to check the figures here in this post then I suggest you take a look at the most recent investor presentation here to get an understanding of the size of this asset: hxxp://www.zanagairon.com/pdfs/ZIOC-Investor-Presentation_21-Sept-2016.pdf The share price at the time of writing this post was 6.125p Note: I have emailed the company to obtain answers to a couple of outstanding questions. I will update this post once I get a reply.
26/7/2017
10:39
pecker1: Back in 2012, the HUI gold stocks index was over 500 compared to the 190 of today. Copper too is way down from its peaks. Fast forward 2/3 years to what the gold price might be in a debt saturated world in which China (biggest gold producer) has continued to challenge the supremacy of the US $ and the electric car sales chart is going parabolic. If this scenario plays out I can see a solg share price of at least £1 based on what they have discovered so far at Alpala. Success at Aguinaga and say one more of their prospects should lead to £2 or £3. This is what happens with great exploration stories. P.S. and it is very sensible to top slice on the way up to bank profits!
15/7/2017
16:13
jlondon: "BATTLE FOR SOLGOLD"- -"The key question for Mather is where all his billion plus shares are held. At one recent investor meeting he was spotted totting up tables of which f u n d s hold how many shares, trying to get a handle on how a battle for Solgold could play out." Source: "Global Mining Observer; A Billion Shares; One Copper Discovery." Tweeted by Solgold on Twitter on July 12, 2017 https://twitter.com/SolGold_plc (2)Institutional Top Holders -HOLD 22.75% of Solgold shares Source: https://markets.ft.com/data/equities/tearsheet/profile?s=SOLG:LSE&mhq5j=e1 [Fidelity Canada 4.15%, Barclays Private Banking 3.66%, TD Direct(Europe) 3.58%, BMO Capital Mkt Canada 3.50%, HSBC Global Asset Management UK 1.65%, RBC Dominion 1.61%,Royal Bank of Canada (Channel Is) 1.36%, Hargreaves Lansdown Stockbrokers 1.31%, Hargreaves Lansdown Asset Managers 0.99% & Oppenheimer Funds 0.95%] (3) Holders of Solgold shares - appox guide >DGR Global, Australia -13.5% Tenstar - 9.42% [HK Investor] Solg Directors -6.72% [Includes NM 5.9%] TOTAL = 29.7% >Newcrest * - 14.54% [Subject to 60% rule in order to vote with Solgold Board in any capital event-check Solg RNS 30 Aug 2016 re:Conditional Agree^ with Newcrest-"..where it is demonstrable that holders of 60% of Solgold shares voting at a meeting or lodging acceptances are supportive of the particular formal proposal."] >Cornerstone Res* - 18.03% [Includes Lock-up agreement with 6.8% Solg holder until 28 Aug 2017 but can be extended etc[*] , 14.7.17 RNS] + 15% interest in Cascabel Concession till Bankable Feasibility Study etc.=30% economic interest. >Top Institutional Holders as above 22.75% >>>Grand Total of Above= 85.01% >>>FREE FLOAT: 100%- 85.01= 14.99% (4) Cornerstone Resources [TSX,Canada] in owning 18.02% of Solgold shares [*] is the LARGEST Single holder of Solgold shares. No other single holder comes close to this. Ref: Public Mergers & Acquisitions in Canada- Rose Norton The Bright Light Threshold is 20% so Cornerstone Resources is 1.97% SHORT of this threshold. [Canadian Rules M & A] Further on any offer, it needs a further 50% of votes etc. See minority holders etc. Comment: It has been commented that Solgold has 1st right of refusal to buy the 15% of ENSA holding the Cascabel licence. However, if in theory, Cornerstone Resources is taken over, the acquirer is buying the co [Cascabel Gold & Copper Inc-new name] rather than Cornerstone Res selling their said 15% ENSA Cascabel Concession. REF: Cornerstone Resources RNS, 13 July 2017 stated:"..we had as our o b j e c t i v e to advance the property to a stage where it could attract the interest of MAJOR MINING CO^S to ACQUIRE the Cascabel concession AND/OR Cornerstone." (5)"Majors Crouched but not ready to pounce."-Mining Journal.com, 20 Mar 2017 PDAC Conference in Toronto-"However, valuations still below the HIGH of $74/oz seen in Aug 2011 & average TAKEOVER VALUE $70/oz since 2012. Valuation for exploration co now sit at an AVERAGE of $55/oz firmer than the $48/oz in Dec following the Fed hike .." Comment: Whilst Cascabel has both copper & gold, it is norm to round up potential to x per oz of gold. On open file LKND, it was earlier stated there was a potential 40moz. So, based on $55/oz= 40 x 55= US2.2 billion or £1.67 billion [£1=US$1.31] (6)Solgold share price ended at around 40 pence, Mkt Cap £607.7 million with appox 1.515 billion shares in issue. Cornerstone Resources share price ended at Canadian 53 cents with a market cap of C$162 million or £97.59million [£1=C$1.66] Shares in Issue around 300m. *Figures are approximate -Please check for errors -DYOR-IMHO J.London Sat 15 July 2017 P.S. CANADIAN OPINION- Just went to Stockhouse Bullboard Canada CGP and this is the post at the top by Hirk77 [A rated poster with 4 stars out of 5]. Hirk 77:"The lockup is for 6 weeks. I think the clock just started on the short life of Cascabel Copper and Gold.gtla." -15 July 2017 <> VOTES DGR Global Australia [13.5%] + Solgold Directors 6.72% [NM 5.95]+Tenstar [9.48%] ===29.7% INSTITUTIONS-TOP Holders 22.75% NEWCREST 14.54%* CORNERSTONE RESOURCES* [Cascabel Copper & Gold Inc-new name] 18.03% [Bright Line Threshold M & A, Canada is 20%] FREE-FLOAT 14.99%
11/11/2016
14:00
jlondon: TAKEOVER OF SOLGOLD? Ref:"Solgold not ruling out potential takeover by BHP."-Market Intelligence share price Global.com. Wed 9 Nov 2016 [Billthebank of Advfn posted the full article which was by Padmaster, post 9309 dated 10 Nov 2016 The said article said that "Solgold is expecting BHP Billiton to make another play. Nicholas Mather stated:"Solgold would consider a takeover from BHP Billiton if the price was right." [Mather did qualify that he could not speculate] "Ecuadorian Mining Minister Javier Cordova told SNL, Nov 8, 2016 that BHP was still looing at Cascabel and he was certain that the mining heavyweight would have another go at trying to acquire a stake in the project." "BHP offered $30m for a 10% stake in Solgold & US$275m to acquire the co*s 85% interest in ENSA." Observation: It appears due process that BHP would have to sound the Mining Minister re:Cascabel for obvious reasons. {In my previous post no: 8804, 30 Sep 2016 I cited the takeover of Orbis Gold [DGR Global, parent to Orbis Gold, Solgold etc]. Semafao, the Canadian miner made a takeover offer on Oct 12 2014 but rejected. Later,Semafao made another bid and accepted on 10 Feb 2015.It was stated that "Semafao*s proposal was made prematurely ahead of the co*s release of the update with knowledge that the update was imminent." Re:Updating scoping study following estimated resource estimate in Aug 2014.} #Gold Solgold*s RNS of 10 Oct 2016 [8:29am]:"Investment proposal from BHP." However, this original RNS states that it is to acquire 70% out of Solgold*s 85% interest in ENSA. So, there may have been an error in the said article ie it is 70% not 85%. [12 Oct 2016 -"Analyst expects MORE NEGOTIATIONS between Solgold & BHP Billington"-Proactive Investors -Video Interview with share price Angel"] So, BHP did NOT want to take over Solgold but rather Solgold*s 70% of ENSA out of 85% which owns Cascabel, Ecuador license? The reason is obvious. "Lottohopes" on 8 Nov 2016 at 13:39 posted:" 10% of Solgold gives BHP 8.5% of ENSA. Add in Solg owns 11% of Cornerstone Resources which in turn owns 15% of ENSA. That*s 1.5% appox. And the cash ..it is to outright own 70% of ENSA which would give BHP 70%+8.5%+1.5%=80% of ENSA. So IMHO would have been a buyout of the project." [Qualified that this is not my calculations but interesting] MERGERS & ACQUISITIONS Recent M & A appears to be "Zijin*s $412m Kamoa investment boosts Ivanhoe*s coffers." www.miningweekly.com 9 Dec 2015 [Google title to read]. Ivanhoe sold its 49.5% stake in Kamoa for $412m. So 100% would equate to US$832m [simple school maths of reverse proportions]. #Copper [£660m at today exchange rate of £1=US$1.26] So just to see what the M & A was last although size also has to be looked at. BHP TOTAL OFFER for Solgold -10 Oct 2016 Solg RNS A/c to the said RNS, the total package was for about US$305m [$30m+$275m-see details]. Today, Fri, 11 Nov 2016, Solgold*s share price is around 27 pence, market capitalisation £385million. [1,428m shares in issue approx] Rate of exchange today is £1=US$1.26 So, how much would Nicholas Mather consider to be the right price? J. London Fri, 11 Nov 2016 [Please check as there can be errors] On Twitter, the said article was first tweeted by AmberMining@AmberMining on 8 Nov 2016 via the tweet: "Rumours that BHP Billington could have another go at securing a stake in Solgold*s Cascabel #copper-gold project in Ecuador ow.ly/3cH0305YnKZ." The timeline on AmerMining*s Twitter:"Strategic Mining Analyst at EY with an interest in copper, coal..." However, the link given by AmberMining is a gateway to sign in at SNL Platform, S & P Global, Market Intelligence]. S & P Global on Twitter has a blue "VERIFIED" symbol. Padmaster*s link gave the subject title to the same said article and details of last night, Thur 10 Nov 2016. [P.S On Twitter, the takeover offer by BHP was not well understood, hence post is rather long to give a historical overview]
SolGold share price data is direct from the London Stock Exchange
add chat code
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:43 V: D:20180817 07:15:59