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
  -0.20 -1.2% 16.50 2,576,804 14:50:05
Bid Price Offer Price High Price Low Price Open Price
16.30 16.70 17.68 16.02 16.70
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -8.56 -0.67 317
Last Trade Time Trade Type Trade Size Trade Price Currency
14:50:05 AT 24,875 16.50 GBX

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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 16.70p.
Solgold Plc has a 4 week average price of 10p and a 12 week average price of 10p.
The 1 year high share price is 41.85p while the 1 year low share price is currently 10p.
There are currently 1,923,321,033 shares in issue and the average daily traded volume is 2,980,097 shares. The market capitalisation of Solgold Plc is £320,809,948.30.
fsawatcher: i woz right then dollar weakens and gbp rises SOLG gets dumped the support in SOLG share price was down to a forex traders by looks of things the more good UK news, the worse SOLG share price if dollar based so funding must be dollar based i crak it this goin to track dollar pound ration nows if gbp go back above 120 watch solg go sub 11
lowtrawler: If we look at the SOLG share price logically we can establish the following:1. Initial news that cascabel was likely a tier 1 mine caused the price to jump over 40p.2. Local court cases challenging whether the resource could be mined caused the share price to fall to around 30p. The court cases were defeated.3. Lack of news and boredom saw the share price drift to low 20's.4. Political instability in Ecuador saw the price fall to 17p. When this was resolved, the price recovered to around 20p.5. Worries over funding have reduced the price below 20p.Other than funding worries, we are in a better position today than when the price was over 40p. The recent news flow gives a lot of confidence that funding will be resolved soon. Overall, we are in a more investible state than when the price was over 40p. I fully expect the price to increase rapidly over the next few weeks.
shabadi: Lefrene, I believe SOLG share price to be almost irrelevant to the major shareholder in CGP. They have an asset that costs them nothing until BFS. They then have 120 days to decide if they want to continue. If they do then all the costs up to BFS are covered by income from production. If they don't continue then they just hand over the (worthless) keys. So no stress for them, no funding required and the value is the asset in the ground. I can't see any takeover being accepted until they know the value of their 15%. And I don't see how the woes of SOLG are relevant to how they perceive their own value. IMHO Nothing will happen regarding CGP until April 2021 - judgement day.
lowtrawler: I think we should all be looking forward to the information flows likely to come this year: 1.MRE3 – due this quarter. Unlikely to impact the share price by much unless it is a reduction on previous indications. 2.PFS - This is likely to move the share price a reasonable amount depending on outcome. 3.BFS – This will flush out the investors, including Cornerstone, and is the most likely point for any takeover action. There are other possible news impacts which cannot be predicted e.g. Ecuador’s political climate; Global economic activity etc. However, your view on the SOLG share price should be based on: 1.Your view on what each of the studies will say. 2.When you expect each of these studies to be complete. 3.Whether you think SOLG can fund through to delivery of the BFS and beyond. The lack of current news is leading to relatively random movements in the SOLG share price and should be unconcerning for any long-term holders. I am fully invested in SOLG but concerned how quickly they will be able to progress from MRE3 to PFS and BFS. They don’t have much cash to cushion any delays and so may need to seek additional interim funding unless they break the habit of a lifetime and start to deliver ahead of schedule. I am hoping that BHP may give them the resources and discipline to stay on track but fearful if the BFS timetable slips significantly.
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.
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
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.
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.
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.
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.
Solgold share price data is direct from the London Stock Exchange
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