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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 Shares Traded Last Trade
  -0.35 -1.06% 32.65 1,666,769 16:35:07
Bid Price Offer Price High Price Low Price Open Price
32.85 33.15 34.00 32.35 34.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -8.56 -0.67 603.0
Last Trade Time Trade Type Trade Size Trade Price Currency
17:29:49 O 30,625 32.65 GBX

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Trade Time Trade Price Trade Size Trade Value Trade Type
2019-06-26 17:29:2732.6530,6259,999.06O
2019-06-26 16:05:1132.656,5502,138.51O
2019-06-26 15:41:5132.7711,4683,757.60O
2019-06-26 15:35:0732.65243,58279,529.52UT
2019-06-26 15:34:2833.0010,0003,300.00O
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Solgold (SOLG) Top Chat Posts

DateSubject
26/6/2019
09:20
Solgold Daily Update: Solgold Plc is listed in the Mining sector of the London Stock Exchange with ticker SOLG. The last closing price for Solgold was 33p.
Solgold Plc has a 4 week average price of 24.40p and a 12 week average price of 24.40p.
The 1 year high share price is 45.05p while the 1 year low share price is currently 20.50p.
There are currently 1,846,321,033 shares in issue and the average daily traded volume is 6,617,608 shares. The market capitalisation of Solgold Plc is £602,823,817.27.
30/5/2019
11:13
pob69: Positive response to share price movements by Solgold $SOLG $SOLG.L $CGP Key quote; "...There has been no indication from the Ecuadorean government that SolGold's tenure is at risk. The Cascabel project is a key project in Ecuador's developing mining industry and a critical driver for the future of Ecuador's economy. SolGold continues to receive full and objective support from the Ecuadorean government." hTTp://uk.advfn.com/stock-market/london/SOLG/share-news/SolGold-PLC-Response-to-Share-Price-Activity/80024804?xref=newsalert
08/5/2019
07:54
pob69: Red Cloud's view on yesterday's Porvenir news Solgold $SOLG $SOLG.L #ecuador $CGP Porvenir Potential Continues to Grow Impact: Mildly Positive With the discovery of a large, shallow and high-grade target at its Porvenir project, SolGold has identified a potentially game-changing drill target. We believe that should drilling yield a discovery (Q2/19), it could drive SolGold’s share price higher. This exploration optionality is underpinned by the world-class Alpala deposit, that we believe is undervalued by the market. We continue to believe that large mining companies are positioning to potentially acquire SolGold (Newcrest - 15% & BHP - 11%). Highlights: Initial results suggest another large porphyry. At Porvenir, rock saw sampling intercepted economic grades of 0.64% CuEq over 147.8m which included a high-grade interval including 0.96% CuEq over 82.6m. Through a combination of sampling methods, the target has a footprint of 1200m by 800m (Figure 3). Exploration work suggests the mineralization at Porvenir could be large shallow porphyry with similar to Alpala and is one of several targets identified. Drilling should give us clarity on potential. The company plans to complete ground magnetic surveying alongside drilling to test Target 15 in Q2/19. With good initial grades from surface sampling, we expect drilling could be key in proving the potential scale at Porvenir, by determining the depth extent. Another large porphyry discovery could be game changing. We currently ascribe a value of US$100M for the company’s Southern Ecuador exploration projects; however, wide intercepts (>250m) at economic open-pit grades (>0.5%CuEq) could make Porvenir worth multiples of our current estimates. In our view, demonstrating this exploration upside is likely to make SolGold even more attractive. Valuation: Surfacing value at Porvenir could accelerate the expected takeout. We are maintaining our C$1.35 fair value estimate based on 0.90x our C$1.50 NAVPS8% estimate (was C$1.47 - up on Q4/18 financials). SolGold currently trades closely in line with peers (0.43x NAV, peers 0.42x). We expect the pending PEA should drive the stock higher. Upcoming catalysts: 1) Maiden PEA for Alpala (Q2/19) 2) Formal bid for Cornerstone and 3) Ongoing exploration results. hTTp://www.redcloudks.com/rckstalk
01/4/2019
14:11
noccer: I was hoping that as CGP shareholders will be offered 0.55 SOLG shares for each CGP share, that we would get a flood of news once the offer was in place designed to raise our share price hence making the offer more attractive. If it was a share exchange based on value, I can see why a falling SOLG share price would be more attractive to CGP shareholders as they would get more SOLG shares.
27/3/2019
13:38
noccer: Yes, 5070481. As its a share swap (glad we cleared that up), then make the formal offer in French and English (pain in the derriere), release the PEA, MRE3, drill results etc all of which should be good for SOLG share price - and reiterate how much more dilution Cornerstone shareholders will have to suffer come feasibility stage (and I think they diluted by 40million shares last year to riase some money) - and hopefully shareholders will see it as a good deal - which I think it is, especially if there is friction between the two boards.
26/3/2019
12:48
noccer: Yes, mkknight, I think thats the issue, CGP are going to have to put money into ENSA big time. What I don't know is if they have similar liabilities with other projects they have got themselves into (they have both a JV with ENAMI, and another with Sunstone and a couple of wholly owned prospects in southern ecuador - I wonder if the recent regional voting has affected those). However if the offer is for SOLG shares, then surely releasing the PEA to show the real value in Cascabel and you would expect boosting the SOLG share price surely makes the deal more attractive to CGP shareholders.
31/1/2019
10:29
pob69: Coverage by Mining Journal $SOLG SolGold $SOLG.L (with interest to $CGP) #ecuador The takeover move would see shareholders receive 0.55 SolGold shares for each Cornerstone share, which SolGold said was a 20% premium for the South America-focused explorer's shares, which last traded at C29c (US22c). In the pitch to Cornerstone investors, SolGold called the company's management "disingenuous" in promoting its stake in Cascabel without making clear it would need to cover its share of exploration financing at some point. "Cornerstone's communications frequently refer to the carried nature of its 15% interest ambiguously, leaving shareholders and the investing public to assume that the interest is ‘free-carried' through to the completion of a feasibility study on the Cascabel Project," SolGold said. "This is not the case." Cornerstone handed SolGold an initial 20% of Ecuadorian copper-gold project Cascabel with an earn-in option over four years in 2012. The asset now has a mineral resource of 2.95 billion tonnes at 0.52% copper, with $117 million spent on exploration. SolGold has tried to buy out Cornerstone before privately. It said the company had asked for far too much in return, including the removal of Nick Mather as CEO and Brian Moller as chairman. Cornerstone had also demanded 50% of the seats on the board, SolGold said. Mather said the offer would make the Cascabel pitch simpler. "The combined entity will have tremendous economic upside, further de-risk the ownership structure and present a simplified and highly attractive value proposition for investors," he said. "We encourage Cornerstone shareholders to closely consider these factors and we are confident that once they do, they will recognise the potential this proposal holds and tender to our offer." This new bid from SolGold could have been spurred on by the upcoming lifting of the block on Newcrest buying shares in Cornerstone on October 19. Fellow SolGold shareholder BHP has an extra year to wait before buying into Cornerstone. The current Cascabel funding arrangement sees SolGold funding all exploration despite the 85:15 ownership split for the Ecuadorian holding company, and Cornerstone's share of financing registered as a debt to SolGold. The senior partner said this meant value to Cornerstone shareholders was limited even if the massive copper-gold project got into production because 90% of cash flow would go to paying off the debt. "Cornerstone will therefore retain only 10% of the cash flow to which it would otherwise be entitled by virtue of its 15% Cascabel interest until SolGold has been repaid in full," SolGold said. "In SolGold's view, this severely constrains Cornerstone's ability to finance its commitment and is likely to limit appreciation in the value of Cornerstone's interest in Cascabel during the early phases of commercial production." SolGold's share price was flat on the news at 36.5p (US48c). hTTps://www.mining-journal.com/m-amp-a/news/1355460/solgold-takes-fight-for-100-of-cascabel-public
13/12/2018
20:33
pob69: UK Shares Magazine coverage of top performing shares in 2018 includes midcap £500M TO £1BN value $SOLG.L Solgold $SOLG $CGP #ECUADOR Shares in copper explorer SolGold (SOLG) were looking a bit sleepy for the first nine months of the year as it ploughed on with drilling at its Alpala prospect in Northern Ecuador. The share price burst to life in September when FTSE 100 miner BHP (BHP) acquired a 6.1% stake in the business, picking up the shares from Guyana Goldfields which sold out completely. A month later BHP invested £45m for more shares, taking its stake to 11.18%. In 2017 BHP tried to cosy up to SolGold by proposing to invest money to earn up to a 70% stake at the project level and on its own terms. SolGold rejected the proposal as it didn’t want to give away that sort of upside. The two companies are now getting on famously as BHP has invested at the plc level, at a premium to the market price, and on agreed preferable terms to SolGold. While the miner is years away from thinking about developing the project into a commercial entity, there is ongoing speculation that BHP will ultimately be the owner and operator, assuming SolGold continues to prove up large amounts of copper.
16/10/2018
14:16
pob69: Upate from Dutch based Commodity Development Fund's CIO Willem Middelkoop, whose largest holding is $SOLG $SOLG.L #ecuador $CGP CEO Nick Mather makes next move in the SolGold chessgame After BHP Billiton announced it had taken a 6% interest in SolGold because of the enormous potential of copper/gold discovery in Ecuador, last month, it was announced yesterday that the world’s largest miner has almost doubled its position. Noteworthy is that last month’s transaction was executed at a share price of 26.5p, and now, a little over a month later, BHP is prepared to add at 45p. This is also almost 30% higher than the price of yesterday’s close. With this transaction, the major BHP corporation voluntarily subjects itself to a number of fairly stringent provisions drawn up by the much smaller SolGold. For example, BHP may not expand its share in SolGold without permission, and can therefore only make a takeover bid if SolGold management agrees. On the one hand, this unfortunately makes a bidding war more unlikely, whilst on the other hand making a future takeover (at a higher price) much more of a certainty. We have calculated that CEO Nick Mather controls 55% of SolGold, either directly or indirectly. We find it very unlikely that he will consider the current valuation of the company a proper reflection of the true value of what is in the ground, given the size and strategic importance of the deposit, and especially given the potential for further expansion. At 45p, BHP is putting strong support under the share price, diluting the largest single block of shares over which Mather has no control from approx. 22.5% to approx. 20.5% (the direct and indirect interest of Cornerstone). With the expansion of shares by BHP, it is becoming increasingly difficult for a third party to make a hostile takeover. This would certainly have to be with the cooperation of Cornerstone, but even then you would not get enough shares without Mather’s consent. He is in control of SolGold’s destiny, confirming once again to be a good chess player. Why would BHP not take over SolGold outright? SolGold will probably be much more expensive at a later date as the project is further developed. BHP is a financial heavyweight, and is likely to have much more interest in a project that has been largely de-risked. With the forthcoming update of the resource estimate (size of the deposit), SolGold expects a strong expansion. The PEA (economic study) expected later this year will also provide a first insight into the feasibility of the copper/gold project. These are valuable risk-controlling milestones for the major producers. And given the concessions that BHP had to make to acquire these latest shares, the urge to get a position in one of the most significant new copper projects is much greater than any additional costs that would be incurred with making a bid at a later time. hTTps://www.cdfund.com/en/ceo-nick-mather-makes-next-move-in-the-solgold-chessgame/
28/9/2018
15:05
pob69: SolGold CEO: "High grades deliver independence" $SOLG.L $SOLG $CGP #ecuador High copper and gold grades of the Alpala deposit are providing dual-listed SolGold with a level of independence in the development of the larger Cascabel project, in Ecuador, CEO Nicholas Mather said on Friday. Responding to critics saying that Brisbane-based SolGold is too small to fund a project the size of Cascabal, he said in the company’s annual report, that the “extraordinary” high grades in the core of Alpala and the expected high grades in the nearby Blanca gold project would enable a “low capital, quick, highly profitable development”, which would provide “much of the capital required” for the Cascabel development. “We are working on a conditional total funding package, which involves agreement of the funding parameters with financiers and offtakers now, at prearranged prices related to the net present value (NPV), rather than the share price and conditional only on the delivery of firstly, a feasibility study, secondly, appropriate permits, and thirdly, the necessary fiscal arrangements with the Ecuadorian government. That way the market and the industry will be able to see that the project is substantially derisked from an early stage,” Mather said. SolGold is looking at starting in very high grades and gradually ramping up into a 40-million-tonne-a-year block cave at the high grade core grades of 1.5% copper equivalent. The February 2018 mineral resource estimate for the Alpala deposit comprised 430-million tonnes at 0.8% copper equivalent in the indicated category and 650-million tonnes at 0.6% copper equivalent in the inferred category. However, the size of the deposit continued to expand with the completion of “nearly every drill hole”. Recent drilling confirmed the core of the deposit to have uninterrupted true dimension of up to 750 m vertically, 700 m long and 300 m wide, at a cutoff grade of 1.5% copper equivalent. SolGold has a target of 10-million tonnes of copper and 25-million ounces of gold in the next mineral resource estimate, scheduled for December this year. This could deliver an NPV of more than $4-billion and an internal rate of return of more than 25% for a 40-million-tonne-a-year block cave mine. SolGold will follow up the second mineral resource update with a maiden preliminary economic assessment in January, followed by detailed feasibility studies in the resource evaluation, mine planning, process design and plant design, capital and operating cost estimates, environmental and community engagement in 2019. “We expected to spend 2020 on permitting, final feasibility, financing and fiscal negotiations with a plan to get to a development decision by calendar-end 2020,” Mather stated. Commenting on BHP Billiton’s $35-million acquisition of a 6.1% stake in SolGold, he said the junior was “obviously happy” to have its project, the copper market and management team endorsed by the global miner. “I’m assuming that is just for starters,” the junior firm’s CEO said. Since BHP’s investment in SolGold, the junior’s share price has advanced about 80% on both the London and Toronto exchanges. Australian gold miner Newcrest is the top shareholder in SolGold with a 14.54% stake. hTTp://www.miningweekly.com/article/solgold-ceo-high-grades-deliver-independence-2018-09-28 0
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.
Solgold share price data is direct from the London Stock Exchange
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