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SOLG Solgold Plc

8.83
-0.02 (-0.23%)
Last Updated: 13:04:48
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 Shares Traded Last Trade
  -0.02 -0.23% 8.83 1,235,108 13:04:48
Bid Price Offer Price High Price Low Price Open Price
8.75 8.85 9.15 8.61 9.15
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores USD 3.9M USD -50.34M USD -0.0168 -5.24 264.4M
Last Trade Time Trade Type Trade Size Trade Price Currency
13:10:56 O 11,355 8.807 GBX

Solgold (SOLG) Latest News

Solgold (SOLG) Discussions and Chat

Solgold (SOLG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
12:10:578.8111,3551,000.03O
12:04:488.8322,3371,972.36AT
11:55:598.7830.26AT
11:55:588.783,227283.33AT
11:55:588.7866858.65AT

Solgold (SOLG) Top Chat Posts

Top Posts
Posted at 14/6/2024 09:20 by Solgold Daily Update
Solgold Plc is listed in the Gold Ores sector of the London Stock Exchange with ticker SOLG. The last closing price for Solgold was 8.85p.
Solgold currently has 3,001,106,975 shares in issue. The market capitalisation of Solgold is £264,397,524.
Solgold has a price to earnings ratio (PE ratio) of -5.24.
This morning SOLG shares opened at 9.15p
Posted at 10/6/2024 19:12 by papillon
free stock charts from uk.advfn.com


This chart is factual. It's not opinion. The SOLG share price is just going sideways and has been since the start of April.
Posted at 10/6/2024 13:28 by lowtrawler
loganair, you are entitled to your opinion but I don't agree with any of what you just said. There is no evidence SOLG are currently in financial distress, extreme or otherwise. The loan is a bridging loan while longer term arrangements are ironed out.

Gold and copper spot prices do not significantly influence the SOLG share price because it is only prices 7 years+ from now that matter and other factors are a bigger influence on the share price than future commodity prices.

If SOLG are unable to deliver on their non-equity, non-dilutive, longer term funding, you will be able to tell everyone you were correct but until then you have little evidence to support your view.
Posted at 07/6/2024 09:19 by rougepierre
Heres my take...

As many on this and other Boards have shown, cash fears are at the forefront of PIs minds...

So not surprisingly, worst fears are aired, fed by paid derampers like loganair...

And even when SOLG announces a $10 million Facility they STILL say we will soon run out of money...

But what they are missing is that the Board expected the Exploitation licence to be in place "within a few months" last August (Direct public Quote from Scott Caldwell). The Ecuador Government was the holdup.

And this has been holding up the Funding. An Environment licence WON'T.

But the good news is that since then, ther 'terms of trade' have massively improved

Gold up 26%; copper up 27%.

And even since the PFS...

Gold up 36% copper up 22% compared to the Assumptions.

So SOLG has used that time to significantly improve the terms of the proposed funding...

When you look through the other end of the telescope, the reason for only going for a $10 million FACILITY (totally flexible) is that "significant" funding is imminent.

So just suppose SOLG announces a $200 million Offtake deal tomorrow:

1 ALL cash concerns evaporate for at least 2 years

2 Cascabel is fully finded throught DFS to commencement of construction

3 An imputed value can be placed on Cascabel which is WAY ABOVE the SOLG share price and...

4 Potential bidders who have been holding back have a decision to make..

Enjoy!
Posted at 05/6/2024 13:54 by papillon
free stock charts from uk.advfn.com


It's looking possible that the SOLG share price could drop to the lower Bollinger Band in the short term. If it does it could be a buying opportunity.
Both the RSI and MACD suggest the share price has a bit further to fall.
Posted at 04/6/2024 11:13 by rougepierre
I was looking back at your previous posts...

You're quite arrogant really...

Quote from your earlier post:

"Suggestion - go and find a book on company and stockmarket financing..."

But I'm intrigued by this comment...

"The market IS efficient. Not enough buyers. Simples. (The stock market is a market. Its not a place for valuing a share - and never has been)"

If its not efficient as a place for valuing shares, what is it efficient for...?

Especially as London has been compared to the Wild West...

There is no doubt that the share price is being manipulated by Autotrades...just look at what is sitting on top of the SOLG share price every afternoon...

So OK you could say there aren't enough buyers to counter this.

But when the first bid(s) come in, the share price will be much higher (indeed the imminent funding deal will cause a spike).

In the latter case speculation...in the former case aligning the share price with the bid price (although often a bit higher on speculation of a further bid(s))

Eventually there will be a final bid and the market will reflect that until suspension pending completion.

So in all those cases the market is, by your definition, efficient at valuing Solgold.

As it is right now, because value is always only what somebody is prepared to pay for the shares, which right now is c9.20p

And the 'value' of Solgold is £276 million, so even your own calculations are spurious until events actually happen...

Enjoy...
Posted at 01/6/2024 23:57 by papillon
"francoismyname 31 May '24 - 16:44 - 43808 of 43811
0 0 0
Another 0.11 taken from the mid price in the closing auction

Bid 9.40
Offer 9.44
Mid price 9.42
Closes at 9.31."

Don't be stupid. Don't be thick. advfn will show the SOLG share price as 9.42p early Monday morning and the MM's will open up with a 9.40 - 9.44p spread at 8am Monday morning unless there's an RNS before 8am. (The MM's never quote a mid price; it's an arbitrary figure devised and used by the likes of advfn).

PS If you believe the following... "This means if no closing auctions existed and we just closed at the mid price of the bid and offer each day at 4.30, the share price would be circa 15p now." then you're as thick as two short planks, francoismyname.

francoismyname? Filtered. I don't need to read the ignorant drivel you post.
Posted at 20/5/2024 12:21 by papillon
I wish I had a crystal ball, davethehorse. It would enable me to predict the future. Unfortunately I haven't got a crystal ball so I can't predict the future! There is a potential IH&S forming on the SOLG chart. Will it form? I can't predict the future, but 🤞it does.
If you compare the chart of the copper price with that of SOLG you will that there's a clear link between the copper price and the SOLG share price
Posted at 16/5/2024 15:45 by havinthelastoast
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Solgold Share Chat - SOLG
Solgold Plc is listed in the Gold Ores sector of the London Stock Exchange with ticker SOLG. The last closing price for Solgold was 8.88p. 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 £266.50 million. Solgold has a price to earnings ratio (PE ratio) of -5.29.
Current Price
8.88

0.00

0.00%

Bid Price Offer Price
8.93 9.00
High Price Low Price Open Price
Shares Traded Last Trade Market Cap
0.00 01:00:00 266.5M

Solgold Share Discussion Threads
Next Page
Date Subject
16/5/2024
07:54 havinthelastoast: Highlights of the Period Include:

· Completion of the updated Cascabel Pre-Feasibility Study ("PFS"): The updated PFS incorporates a phased approach plan, significantly reducing initial capital costs. Key figures include a pre-tax NPV8% of $5.4bn, 33% IRR, and a post-tax NPV8% of $3.2bn with a 24% IRR. The PFS presents significant copper, gold, and silver production estimates over a 28-year mine life, updated mineral resource and reserve statements for the Alpala Deposit and an updated mineral resource statement for the Tandayama America deposit. (PFS Announcement)

· Appointment of Mr. Jian (John) Liu and Mr. Charles Joseland to the Board of Directors: Mr. Lui and Mr. Joseland bring extensive experience and valuable insights that will support SolGold's strategic initiatives and governance. (Directors Announcement)

· The Blanca-Nieves Project Exploration Update: Assays from channel-saw samples of gold-bearing epithermal quartz vein outcrops at the Florida target returned results of 6.15m @ 7.46 g/t Au, including 2.2m @ 21.1 g/t Au. Additionally, a significant porphyry target has been identified at Cielito Norte, covering approximately 2.5 x 2.5 km, approximately 8m from the Cascabel project of about 8 km. (Exploration Update)

· Memorandum of Understanding ("MOU") for Hydro-Solar Energy Initiative: SolGold has signed an MOU with Grupo Empresarial Semaica, Enerhydra, and Constructora Nacional S.A. for a sustainable hydro-solar energy initiative at the Cascabel Project. The collaboration aims to develop a Power Project delivering approximately 200 megawatts of renewable energy, aligning with environmental stewardship and economic development goals, with partnerships established to secure financing and ensure adherence to regulatory standards. (MOU Announcement)
Read Full ThreadReply
16/5/2024
07:50 havinthelastoast: As at 31 March 2024, SolGold Plc (the “Company”;;) and its subsidiaries (the “Group”) had cash on hand of $3,452,963 and net

current assets of $3,540,879. Following the successful completion of a $10 million financing subsequent to the balance sheet

date, the group has sufficient liquidity for the next few months but less than twelve months to support its operations while

it explores substantial and longer-term funding solutions. On 13 May 2024, the Company agreed to a short-term $10

million loan. The loan may be repaid early and other terms and conditions are customary for the nature of the loan.

The Directors have reviewed the cash position and cash position forecast of the Group and the Company for the period to 30

September 2025 and consider it appropriate that the Group and the Company financial statements are prepared on the going

concern basis. This basis contemplates the continuity of normal business activities and the realisation of assets and discharge

of liabilities in the ordinary course of business, for the reasons set out below.

The Group has not generated revenues from operations in its history. Like many exploration and development companies, the

Group raises finance for its exploration and appraisal activities in discrete tranches. Therefore, the ability of the Group to

continue as a going concern depends on its ability to manage costs and secure additional financing within the next twelve

months. Management’s cash flow forecasts show that the Group and the Company need to secure additional funding to

continue their exploration and development programme and in order to continue to meet their obligations and liabilities as

they fall due.

A going concern assessment conducted by the Group, reviewing its current and projected financial performance and position,

including current assets and liabilities, future commitments, and forecast cash flows, has determined in management’s base

case and downside scenarios, there is not sufficient liquidity for at least the next twelve months from the date of approval of

these financial statements, without the receipt of additional financing.

The Company has a proven ability to execute equity and other financings, most recently demonstrated by the completion of a

$10 million borrowing subsequent to 31 March 2024. The Directors have a reasonable expectation that the Group will be able

to raise further funds when necessary and, as has been the case previously, the Directors expect that future funding will likely

be provided by equity investors, debt, or via other strategic arrangements.

If the Company is unable to secure sufficient funding, it may not be able to fully develop its portfolio of exploration projects,

and this may have a consequential impact on the carrying value of the related exploration assets and the investment of the

parent company in its subsidiaries as well as the going concern status of the Group and the C
Posted at 16/5/2024 09:03 by havinthelastoast
Nice one Georgia!

Let's keep this simple - anytime Lowtrawler or loganair post anything, make sure they are knocked so far down the page that no one will see their posts.

They are not invested here so their input is not required and is 100% negative and malicious.

Time to cut the cancer out.

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Solgold Share Chat - SOLG
Solgold Plc is listed in the Gold Ores sector of the London Stock Exchange with ticker SOLG. The last closing price for Solgold was 8.88p. 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 £266.50 million. Solgold has a price to earnings ratio (PE ratio) of -5.29.
Current Price
8.88

0.00

0.00%

Bid Price Offer Price
8.93 9.00
High Price Low Price Open Price
Shares Traded Last Trade Market Cap
0.00 01:00:00 266.5M

Solgold Share Discussion Threads
Next Page
Date Subject
16/5/2024
07:54 havinthelastoast: Highlights of the Period Include:

· Completion of the updated Cascabel Pre-Feasibility Study ("PFS"): The updated PFS incorporates a phased approach plan, significantly reducing initial capital costs. Key figures include a pre-tax NPV8% of $5.4bn, 33% IRR, and a post-tax NPV8% of $3.2bn with a 24% IRR. The PFS presents significant copper, gold, and silver production estimates over a 28-year mine life, updated mineral resource and reserve statements for the Alpala Deposit and an updated mineral resource statement for the Tandayama America deposit. (PFS Announcement)

· Appointment of Mr. Jian (John) Liu and Mr. Charles Joseland to the Board of Directors: Mr. Lui and Mr. Joseland bring extensive experience and valuable insights that will support SolGold's strategic initiatives and governance. (Directors Announcement)

· The Blanca-Nieves Project Exploration Update: Assays from channel-saw samples of gold-bearing epithermal quartz vein outcrops at the Florida target returned results of 6.15m @ 7.46 g/t Au, including 2.2m @ 21.1 g/t Au. Additionally, a significant porphyry target has been identified at Cielito Norte, covering approximately 2.5 x 2.5 km, approximately 8m from the Cascabel project of about 8 km. (Exploration Update)

· Memorandum of Understanding ("MOU") for Hydro-Solar Energy Initiative: SolGold has signed an MOU with Grupo Empresarial Semaica, Enerhydra, and Constructora Nacional S.A. for a sustainable hydro-solar energy initiative at the Cascabel Project. The collaboration aims to develop a Power Project delivering approximately 200 megawatts of renewable energy, aligning with environmental stewardship and economic development goals, with partnerships established to secure financing and ensure adherence to regulatory standards. (MOU Announcement)
Read Full ThreadReply
16/5/2024
07:50 havinthelastoast: As at 31 March 2024, SolGold Plc (the “Company”;;) and its subsidiaries (the “Group”) had cash on hand of $3,452,963 and net

current assets of $3,540,879. Following the successful completion of a $10 million financing subsequent to the balance sheet

date, the group has sufficient liquidity for the next few months but less than twelve months to support its operations while

it explores substantial and longer-term funding solutions. On 13 May 2024, the Company agreed to a short-term $10

million loan. The loan may be repaid early and other terms and conditions are customary for the nature of the loan.

The Directors have reviewed the cash position and cash position forecast of the Group and the Company for the period to 30

September 2025 and consider it appropriate that the Group and the Company financial statements are prepared on the going

concern basis. This basis contemplates the continuity of normal business activities and the realisation of assets and discharge

of liabilities in the ordinary course of business, for the reasons set out below.

The Group has not generated revenues from operations in its history. Like many exploration and development companies, the

Group raises finance for its exploration and appraisal activities in discrete tranches. Therefore, the ability of the Group to

continue as a going concern depends on its ability to manage costs and secure additional financing within the next twelve

months. Management’s cash flow forecasts show that the Group and the Company need to secure additional funding to

continue their exploration and development programme and in order to continue to meet their obligations and liabilities as

they fall due.

A going concern assessment conducted by the Group, reviewing its current and projected financial performance and position,

including current assets and liabilities, future commitments, and forecast cash flows, has determined in management’s base

case and downside scenarios, there is not sufficient liquidity for at least the next twelve months from the date of approval of

these financial statements, without the receipt of additional financing.

The Company has a proven ability to execute equity and other financings, most recently demonstrated by the completion of a

$10 million borrowing subsequent to 31 March 2024. The Directors have a reasonable expectation that the Group will be able

to raise further funds when necessary and, as has been the case previously, the Directors expect that future funding will likely

be provided by equity investors, debt, or via other strategic arrangements.

If the Company is unable to secure sufficient funding, it may not be able to fully develop its portfolio of exploration projects,

and this may have a consequential impact on the carrying value of the related exploration assets and the investment of the

parent company in its subsidiaries as well as the going concern status of the Group and the C
Posted at 14/5/2024 11:49 by rougepierre
Indeed...we may not need to draw a single cent...in which case all it will have cost is the facility fee...

Now here is the intriguing thought...

Just supposing it is the 'successful' offtake funder which has granted the loan facility pending the completion of the offtake agreement...

That would be incredibly bullish because it would mean funding is a done deal...

And as I've said, the terms of the offtake deal will put a precise MINIMUM value on Cascabel...which will of course be well above the current SOLG share price ..
Solgold share price data is direct from the London Stock Exchange

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