Buy
Sell
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
  -0.75p -1.80% 41.00p 1,203,732 09:43:31
Bid Price Offer Price High Price Low Price Open Price
40.65p 41.00p 41.00p 39.50p 40.30p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -8.56 -0.67 757.0

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
10:03:1041.002,426994.66O
10:01:5241.004,9932,047.13AT
10:00:0940.7911,6404,747.96O
09:43:3141.0021,0278,621.07AT
09:43:3141.003,0811,263.21AT
View all SolGold trades in real-time

SolGold (SOLG) Top Chat Posts

DateSubject
22/3/2019
08:20
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 41.75p.
SolGold has a 4 week average price of 36.50p and a 12 week average price of 35p.
The 1 year high share price is 45.05p while the 1 year low share price is currently 20.40p.
There are currently 1,846,321,033 shares in issue and the average daily traded volume is 1,489,898 shares. The market capitalisation of SolGold is £740,374,734.23.
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
09/1/2019
09:27
5070481: First mover advantage. No one else was interested in Ecuador at the time following a questionable period of ogvernment that was unfriendly towards mining. SOLG took an educated risk and it paid off handsomely. NO reason to hold back good news currently on SOLG unless NM is wanting to buy more shares himself. Otherwise he wants and needs the share price higher. Everything is easier for him with a higher share price that wouldnt leave him at the risk of a low ball offer. He's know that for some time now. He was bullish at the back end of 2017 with the MRE and priomises that there would be quarterly updates that would lok to double the resource. He could never provide these but felt it necessary to help protect the share price. Nothing has changed. He has always been bullish and never held good news back. Only news he held back was teh disappoiting Aquinaga results last year.
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
18:06
whites123: Last time I posted was when a few here were shouting about a fundraising decimating the share price Heck it looked like something walked it down and now as it has become abundantly clear it was absolutely nothing more than PI trades.. We knew BHP were here and we KNOW they have not finished. It was right and proper that SOLG provided BHP with the incentive they have done.. And incentive it is.. Because (And this seems to have escaped peoples attention) BHP will see there 6% stake acquired at 45p per share as a BARGAIN.. They will see the purchase as essentially a discount to the fairer value. Remember those who shout 30% discount to prevailing share price for fundraising etc, well BHP paying 45p is not seen by them as paying a premium, oh no, it is a discount.. They would never in a million years have been able to acquire the amount they did today on the open market. They want a member on the board of SOLG.. They have plans.. I said many months ago I was here for the £2.00 Solgold share price... The fact BHP have been keen to strike so quickly after obtaining their first 5% is making me reconsider that now and maybe re-evaluating it upwards.. £100 Million, £500 Millions, are peanuts to BHP.. Its a bit like people saying "I wouldn't get out of bed for that". This really really should be A £1.00 all day long with what we currently know and people should be complaining and saying BHP have been gifted shares at 50% of current share price, because one thing is absolute certain, that is what the Board of BHP will be feeling like they have done..
16/10/2018
13:16
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
14:05
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.
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."
26/7/2017
09:39
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
15:13
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%
SolGold share price data is direct from the London Stock Exchange
Your Recent History
LSE
SOLG
SolGold
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

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

P: V: D:20190322 10:22:40