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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 | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.06 | 0.65% | 9.26 | 9.17 | 9.21 | 9.30 | 9.10 | 9.30 | 1,831,378 | 16:35:16 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Gold Ores | 3.9M | -50.34M | -0.0168 | -5.48 | 276.4M |
Date | Subject | Author | Discuss |
---|---|---|---|
11/10/2016 14:27 | BHP's attempt to take control of SolGold comes just ahead of a Oct. 13 shareholders' vote on whether to approve the Newcrest and Maxit offers. "Barring the arrival of superior offer, we will be approving the Newcrest and Maxit transactions," Mather said. "Newcrest and Maxit understand what we want." What and then no going back? Hurry up BHP you have two days | cool hand kev | |
11/10/2016 14:19 | An interesting article. http://www.afr.com/b | smoothtrader | |
11/10/2016 14:14 | Greatful Dead, I don't feel that the directors are going to sell the holders out cheap on this one, they have huge personal vested interests and understand the value of Cascabel. NM knows the industry inside out, he will know the likely extraction/shipment/ | lefrene | |
11/10/2016 14:13 | BHP is one of the biggest drilling/explorer company in the world. Flilthy rich. | smoothtrader | |
11/10/2016 13:53 | Just an Assumption But They can afford a little more IMO | cool hand kev | |
11/10/2016 13:51 | The AMG is planned for this Thursday 13th. They've got today and tomorrow. All possible. | smoothtrader | |
11/10/2016 13:50 | Current Status • SolGold is set to begin a follow-up drill campaign using two man-portable drill rigs and a large rig capable of drilling to depths of 3,000m. • In August 2016, SolGold completed a US$21.5MM financing which included an investment by Guyana Gold (GUY CN, C$7.01, Not Covered) for 6.65% of the shares and subsequent appointment of Scott Caldwell to the Board. • On September 26, 2016, pursuant to a previous offer by Newcrest (NCM AU, A$22.43, Not Rated) to purchase roughly 9.9% of the company, SolGold received a superior offer to issue 206.25MM new shares at US$0.16/sh for gross proceeds of ~$US$33MM. NCM has agreed to take a 10% stake in the company as part of this equity issue. We estimate the company will have around US$50MM in cash upon closing the latest deal. Cascabel The 5,000 Ha Cascabel property is located in northern Ecuador, approximately 180 km north of the capital Quito. It is accessible by a modern paved highway and a public gravel road that crosses the prospective targets. The property is approximately 180km from a deep water port at Esmerldas. It is close to the national power grid and has abundant water resources. The elevation of the property ranges from around 800m to 1500m ASL. SolGold acquired an 85% interest pursuant to an option agreement with Cornerstone Capital Resources Inc. (CGP-V, C$0.11, Not Covered). CGP's 15% interest is free-carried to completion of a bankable feasibility study. There is an underlying 2% NSR on the project, which SOLG can purchase for a total of US$4.0MM. Cascabel is a classic porphyry copper-gold complex spatially and genetically associated with high level Miocene diorite and quartz diorite intrusives hosted by mid-Tertiary andesites and volcanoclastic sediments. The current Alpala porphyry sits within a 4,500m x 400m phyllicargillic-adva argillic alteration envelope that demonstrates all the geophysical and geochemical attributes of a giant porphyry complex. At least 14 other targets have been identified on the property including Aguinaga which is defined as a discrete magnetic high with chalcopyrite-bornite found at surface and to the south at Alpala SE/Cristal where higher temperature alteration lithocap assemblages suggest a fully preserved target (Figure 11). Drilling to date has been restricted to the Alpala Central target. Drilling has returned some of the most impressive copper-gold porphyry intercepts we have ever seen. Thirteen holes have returned economic values averaging 0.61% Cu, 0.57 g/t Au over core lengths of up to 1,300 metres (Figure 12). The development of stockwork veining is impressive. SolGold geologists have identified 11 generations of veining with most of the copper-gold mineralization associated with quartz-magnetite-cha temperature pyrite-chalcopyrite- transitions to flat lying veins at the carapace of the intrusive then give way to a series of vertical sheeted veins toward surface. In our view, Cascabel demonstrates all of the geologic, geophysical and geochemical attributes that could allow it to evolve into a giant porphyry copper-gold deposit. The current footprint of Alpala alone measures approximately 250m by 100m and has a dip extent of over 1,300m. By comparison, The Wafi-Golpu deposit in Papua, New Guinea covers about 400m by 400m and has a dip dimension of 1,700m and contains more than 20MM ounces of gold and 9MMt of copper at similar grades to Alpala Central. Given the fact that the deposit remains open and there are at least fourteen additional targets to be tested, we consider Cascabel to be one of the most exciting exploration projects active today | billthebank | |
11/10/2016 13:50 | lefrene, IMHO the directors that have advised PI to accept BHP are a little short sited. More exploration IMHO will increase what the Cascabel Project actually holds mineral wise.We need to see the complete JORC. ATB, GD | greatfull dead | |
11/10/2016 13:46 | cool hand kev Is that just an assumption as you dont think BHP will leave SOLG alone? Or have you info? If it is an assumption then your assumption is my hope!!! | billthebank | |
11/10/2016 13:43 | onedayrodders I tried to copy and paste but website was awkward Will try again | billthebank | |
11/10/2016 13:35 | Amusing and amazing. | smoothtrader | |
11/10/2016 13:29 | Holding up well....someone is definitely interested | smoothtrader | |
11/10/2016 13:28 | At least the directors have significant holdings in this company, so their aims will be allied with that of ordinary share holders, something of a novelty on the AiM market! | lefrene | |
11/10/2016 13:24 | If the vote is NO there will be a big improvement in BHP offer........... | greatfull dead | |
11/10/2016 13:20 | I think that there might be an improved offer from BHP | cool hand kev | |
11/10/2016 12:25 | can u post the link Bill ? | onedayrodders | |
11/10/2016 12:24 | Loking forward to 22.5p!!! by eow. | billthebank | |
11/10/2016 12:23 | Have only just read The Dundee Capital markets Report NIIIIIICE!!!! | billthebank | |
11/10/2016 12:21 | When you look at the scale of Cascabel it's simply huge, and if exploited will be mined for decades, it will the 'banker' for whichever mining house owns it. The resource is worth $ billions, NM knows it and the miners know it, but they also know NM doesn't have the resources to exploit it on his own. There's a lot of horse trading yet to come. | lefrene | |
11/10/2016 12:10 | Astonishing buy. Gives one some confidence. Could BHP be an acquirer through the back door? | billthebank | |
11/10/2016 11:02 | 1m @20.08pNice buy. Someone is filling their boots whilst the price is low. | smoothtrader | |
11/10/2016 10:20 | I see DGR (big SOLG holder) has finally been discovered, up by 40% in one session. | lefrene | |
11/10/2016 10:05 | good post kdr. quite agree. | the don of dons | |
11/10/2016 09:55 | An interesting addition to the SOLG: BHP story in the FT is that both BHP & RIO are on the look out for greenfield and juniors, in particular in the copper sector. Given exploration budgets would have previously been cut, it is a positive sign for the cycle that the majors will be upping their game on exploration and looking to increase the reserve base. M&A is the way to get a jump start. This offer may not have suited the board or shareholders but 1. It is a vote of confidence in the project 2. The cycle is shifting to a more positive stance for the medium to long term. Buy and hold SOLG | kdr246 |
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