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
  3.07 16.09% 22.15 4,626,852 16:35:29
Bid Price Offer Price High Price Low Price Open Price
22.05 22.40 22.60 19.00 19.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -8.56 -0.67 409
Last Trade Time Trade Type Trade Size Trade Price Currency
16:36:16 AT 21,465 22.15 GBX

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Trade Time Trade Price Trade Size Trade Value Trade Type
15:36:1622.1521,4654,754.50AT
15:35:2922.1592,01720,381.77UT
15:29:5222.408,8001,971.20AT
15:29:4322.4817,6843,975.96O
15:29:3422.6010022.60AT
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Solgold (SOLG) Top Chat Posts

DateSubject
17/10/2019
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 19.08p.
Solgold Plc has a 4 week average price of 16.18p and a 12 week average price of 16.18p.
The 1 year high share price is 42p while the 1 year low share price is currently 16.18p.
There are currently 1,846,321,033 shares in issue and the average daily traded volume is 6,210,765 shares. The market capitalisation of Solgold Plc is £410,806,429.84.
12/10/2019
00:09
shabadi: Also... 4. NM 'may well have' conspired with the IMF to force the Ecuadorean government to remove the subsidy on fuel. This resulted in civil unrest and a reduction in the SOLG share price.
12/9/2019
11:03
ntbb: How about looking at from this angle, lower the solg share price is and also not releasing positive news and the drill news, it gives NM to get cornerstones 15% at cheap prices
12/8/2019
14:44
lowtrawler: I’ve been having some thought on possible funding models based on the little information available to us. The information we know about is quite limited: 1.They need at least $2bn to successfully go into production at Alpala 2.They have a large number of exploration sites which will also need to be put into production 3.They wish to raise funds using debt rather than equity As I see it, any debt provider will want to get the lions share of returns from Alpala as they will be taking on more risk than even equity holders because they will not have voting rights. SOLG may concede this position to enable funding of their other targets on a 100% ownership, zero debt basis e.g. raise $4bn from Alpala but give all returns to the debt providers and use the excess funds to develop other locations. There would be various clauses required to ensure Alpala is brought into production on schedule and ahead of other sites. Alternatively, SOLG could retain a minority stake in Alpala and use that as a cash generator and as security for borrowing in order to develop the other locations. If my thoughts are along the right lines, we will end up operating Alpala but with little economic interest in it. Our economic interest will come from the dozens of other exploration locations being brought into production. Personally, I see this as a highly attractive proposition which should appeal to all parties. However, it pushes back returns for shareholders into later years and none of the other sites are likely to be as large or lucrative as Alpala. How does this help to determine whether to remain invested in SOLG? 1.I’m fairly confident that funding will be available to develop Alpala and, by inference, some of the other sites. This takes away much of the funding risk. 2.I’m confident that, given the size of Alpala, it will avoid any political obstacles and go into production. This takes away much of the political risk 3.SOLG can prove their producer credentials at Alpala taking away much of the execution risk from the other locations. 4.We are no longer sitting on the huge cash income from Alpala – we will need to prove the worth of some of the other exploration targets. This increases exploration risk and, as those sites are unlikely to be as economically important, political risk. 5.Shareholder returns are pushed back by at least 2 and probably more years. Factoring everything in, I believe: 1.Risk is significantly reduced 2.Bringing even one other site into production is likely to have a NPV which is a multiple of the current price. 3.The main controllable driver for the SOLG share price will not be Alpala – it will be results at other exploration sites. 4.Unless we are targeted for a takeover, there will be no quick returns, just a hard slog to the finish line.
25/7/2019
23:30
lowtrawler: SOLG is currently valued at £555m. IF they can take us all the way to production, they may create £10bn plus of profit / positive cash flow over several decades, discounted to current levels. In gambling terms, we have odds of 18:1. Each step towards production reduces the odds. Each political setback extends the odds. Essentially, the price moves according to how likely it is that we go into production. The current price builds in all the expected revenues from eventual production. It also places odds on how likely we are to get there. In my view, 18:1 is generous and so SOLG is undervalued. However, the share price is an equilibrium of views at any point in time. If there is no news flow indicating a stronger likelihood of production, the share price will fall. Although there are hopes of licence announcements, takeovers, new finds etc., until they are made public, the price will drift down. Nobody on this bulletin board has the inside information to do anything more than guess and hope – neither of which are good for making profit. At some point, I believe there will be positive news and the share price will make a step change up. It may be next week or it may be next year. Until then, the general price direction will be down and upward price movements will be transitory. If you truly believe in SOLG, put your purchase on a shelf and forget about it. If you are a trader, play the volatility.
25/7/2019
13:03
ntbb:    Options at 60p, current share price is a mockery   Upgrade Logout MonitorQuoteChartsTradesNewsFinancialsToplistsAlertsPortfolioLevel 2Free BBPBB Copyright © 2019 ADVFN plc Switch to Desktop View Solgold Share News - SOLGSolgold Share News - SOLG Current Price 29.80p -1.50p-4.79% Bid PriceOffer Price29.80p29.95pHigh PriceLow PriceOpen Price31.40p29.80p31.40pShares TradedLast TradeMarket Cap (m)694,66112:21:24550 SolGold PLC Updated Holding of BHP Intraday Solgold Chart 17/10/2018 7:00amUK Regulatory (RNS & others) TIDMSOLG RNS Number : 3045E SolGold PLC 17 October 2018 17 October 2018 SolGold plc ("SolGold" or the "Company") Issue of Equity to BHP Updated Holding of BHP The Board of SolGold plc (SolGold or the Company) wishes to advise of the allotment and issue of 100,000,000 new ordinary shares to BHP Billiton Holdings Limited (BHP) pursuant to the share subscription arrangements previously announced on 16 October 2018. BHP has also advised that , in fulfilment of the obligations of Rule 5 of the DTR, and as a result of this allotment of shares with voting rights, BHP has acquired an interest in 100,000,000 additional shares of 1 penny each in the capital of the Company, which has had the effect of increasing their total shares held to 203,125,000 ordinary shares, or approximately 11.18% of the Company's issued share capital. Following this allotment, the Company now has on issue a total of 1,816,387,454 fully paid ordinary shares, 21,450,000 options exercisable at 28p, 21,250,000 options exercisable at 40p and 47,012,000 options exercisable at 60p. References to figures and tables relate to the version visible in PDF format by clicking the link below:
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
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/
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