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Share Price Information for SolGold (SOLG)

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Share Price: 9.33
Bid: 9.28
Ask: 9.40
Change: 0.22 (2.41%)
Spread: 0.12 (1.293%)
Open: 9.12
High: 9.63
Low: 9.12
Prev. Close: 9.11
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UK TRADING UPDATE SUMMARY: Outsourcing In EUR318 Million Deal For CPL

Wed, 04th Nov 2020 15:03

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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CPL Resources PLC - Dublin-based human resources firm - Reaches agreement with Outsourcing Inc for cash offer, recommended by CPL's board. Outsourcing Talent Ireland Ltd, an Outsourcing subsidiary, will acquire CPL at EUR11.25 per share, a deal valuing CPLS's share capital at around EUR317.8 million. This represents a 36% premium to its Tuesday closing price of EUR8.25 per share. CPL Chair John Hennessy: "The CPL board believes that the offer from Outsourcing, if approved, will begin an exciting new chapter for our stakeholders, particularly our employees and our clients."

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Time Out Group PLC - London-headquartered global media and leisure business - Continues Time Out Market expansion opening of Time Out Market Dubai in first 2021 quarter. This is part of a a management agreement with Emaar Malls. Following temporary closures due to pandemic, a number of locations have reopened and expansion continues, with Dubai in the first quarter of 2021, then a new opening in Porto in the fourth quarter of that year, followed by new openings in London in 2022 and Prague in 2023.

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Thor Mining PLC - tungsten/molybdenum exploration and development company with interests in Australia and the US - Reports high grade assay results from field sampling of Colorado prospects, exceeding criteria for first milestone share issue from American Vanadium Pty Ltd vendors. Thor to proceed with issue of 18 million shares, full first performance payment. Field sampling during due diligence period shows assay results of high grade uranium, up to 1.25% triuranium octoxide and vanadium at up to 3.47% vanadium oxide. Executive Chair Mick Billing: "We are very pleased with the high grade assays from the initial sampling program conducted in Colorado. Our next step with this project is likely to be a drilling program on a number of the Colorado targets, scheduled following the North American winter."

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ADVFN PLC - investing website operator based in Ongar, England - Joins forces with research and investor relations consultancy Edison to create investor relations packages targeting institutional and private investors. Edison is providing a suite of equity insight products and investor relations assets for listed companies, to be disseminated across ADVFN websites and promoted to ADVFN retail users.

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eEnergy Group PLC - energy efficiency services provider based in London - Launches new green energy initiative, complementing its light-as-a-service offering. The initiative will focus on helping UK schools, eligible for part but not full government funding, to cut carbon emissions and costs by switching to more efficient LED lighting. Initiative set up in conjunction with UK government's Public Sector Decarbonisation Scheme, where GBP1 billion of grant funding is being prioritised to decarbonise public sector buildings.

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SolGold PLC - exploration company focused on Ecuador - Receives final assay results from first 580 metres of first drill hole at Porvenir project, returning 570 metres at 0.69% copper equivalent from 10 metres to 580 metres at a 0.2% copper equivalent cut-off grade and open at depth. Assay results from 580 metres to end of hole at 909.3 metres still pending. Overall intersection in hole PDH-20-001 to 580 metres depth includes zones of higher-grade material, coincident with the presence of early dioritic and monzonitic intrusions, including 188 metres at 0.73% copper equivalent from 392 metres to 580 metres at 0.30% cut-off grade. SolGold says: "Remaining assay results for PDH-20-001 are expected later this month, and assays received to date confirm the potential for the presence of a large strongly mineralised porphyry system at Cacharposa as indicated by previously reported visual estimates."

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Live Co Group PLC - events firm based in Surrey - Notes current installation of BrickLive Animal Paradise at Naples Zoo in Florida, ready to open to public November 21. BrickLive Safari, currently at Devon's Paignton Zoo, extended to January 2021. Chair David Ciclitira: "We continue to pursue a strategy of maximum asset utilisation in the winter months by targeting Southern Hemisphere or sunshine states. This first partnership with Naples Zoo proves that this strategy is working."

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Wishbone Gold PLC - precious metals trading and exploration company with trading business in Dubai and four licences in Australia - Four magnetic targets of considerable size identified at Patersons Range, Western Australia. Targets cover 2.4 kilometres by 400 metres and have been identified by its Terra Search Pty Ltd independent geological consultant. Targets much shallower than Havieron discovery, with top of magnetic targets ranging from 150 metes to 250 metres below surface. Wishbone has now completed legal and technical due diligence on Patersons Range and will move to close acquisition. Chair Richard Poulden: "Wishbone advises that it now intends to fast-track exploration efforts here, and have therefore instructed its Australian lawyers to move to close the transaction earlier than originally anticipated."

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Tern PLC - internet of things-focused investor with headquarters in London - Invests GBP860,000 for a 23.4% stake in Talking Medicines Ltd, making it the lead investor in a GBP1.1 million aggregate syndicated funding round alongside Scottish Investment Bank, the investment arm of Scottish Enterprise. Talking Medicines, based in London and Glasgow, uses artificial intelligence and machine learning to provide pharmaceutical firms with real-time data intelligence. In the year ended August 2019, Talking Medicines made a GBP166,094 unaudited retained loss and had at that time unaudited net assets of GBP421,479. Prior to this most recent funding round, more than GBP1 million has been invested in Talking Medicines.

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By Anna Farley; annafarley@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
19 Mar 2024 18:41

EARNINGS AND TRADING: UK Oil in Broadford blow; SolGold optimistic

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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12 Mar 2024 14:06

SolGold notes pre-feasibility study technical report for Cascabel

(Alliance News) - SolGold PLC on Tuesday noted a pre-feasibility study technical report for the Cascabel project in Ecuador.

Read more
6 Mar 2024 18:07

TRADING UPDATES: Audioboom extends partnerships; Ecora eyes growth

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Read more
4 Mar 2024 14:13

EARNINGS AND TRADING: Macau NAV falls; SolGold inks Cascabel deal

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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16 Feb 2024 10:20

SolGold rises amid completion of Cascabel pre-feasibility study

(Alliance News) - SolGold PLC on Friday said it has successfully completed a new pre-feasibility study at its Cascabel project, noting a significantly reduced initial capital cost.

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15 Feb 2024 12:41

IN BRIEF: SolGold shares plunge as interim loss widens on higher costs

SolGold PLC - Ecuador-focused copper and gold exploration company - Says pretax loss widens to USD21.9 million in the six months to December 30 from USD17.6 million the year before. This was partly due to finance costs rising to USD8.1 million from USD5.5 million the year prior. Sol Gold did not generate any revenue for the half-year, unchanged from a year ago.

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22 Jan 2024 13:33

IN BRIEF: SolGold says Cascabel pre-feasibility study nears completion

SolGold PLC - Ecuador-focused copper and gold exploration company - Says phased approach pre-feasibility study for its 100% owned Cascabel project located in northern Ecuador is nearing completion. Says it expects the phased approach to demonstrate a lower risk path for Cascabel, with several project optimisations expected compared to the 2022 Cascabel PFS, including lower capital costs. Also reports that its Ecuadorian exploration team has been active this month, making progress at the Blanca-Nieves project, which hosts the newly discovered La Florida target. Says exploration activities are expected to continue over the course of 2024, focusing on advancing new target areas and prospects for new discoveries. Blanca-Nieves is located 10 kilometres north of the Cascabel project.

Read more
13 Dec 2023 15:47

UK shareholder meetings calendar - next 7 days

Thursday 14 December 
Aeorema Communications PLCAGM
CleanTech Lithium PLCGM re equity raise approval
Driver Group PLCFull Year Results
eEnergy Group PLCAGM
Ethernity Networks LtdGM re authority to allot shares on non-preemptive basis
Fintech Asia LtdAGM
Helium One Global LtdAGM
Marwyn Value Investors LtdAGM
Quarto Group IncGM re cancelling trading on London's Main Market
Sareum Holdings PLCAGM
Friday 15 December 
Abingdon Health PLCAGM
Aptamer Group PLCAGM
Bellway PLCAGM
CQS Natural Resources Growth & Income PLCAGM
DCI Advisors LtdAGM
Ethernity Networks LtdGM re subscription agreement
Frontier IP Group PLCAGM
Holders Technology PLCGM re AIM delisting, tender offer
Renalytix PLCAGM
Schroder Real Estate Investment Trust LtdEGM re proposed amendments to the investment policy
Tristel PLCAGM
Ultimate Products PLCAGM
Wentworth Resources PLCAGM
Monday 18 December 
Ascential PLCGM re proposed sale of digital commerce business
Braemar PLCAGM
Eqtec PLCEGM re capital reorganisation
Fandango HoldingsAGM
Grit Real Estate Income Group LtdAGM
LondonMetric Property PLCGM re revised directors' remuneration policy
Nightcap PLCAGM
Surface Transforms PLCGM re fundraising
TechFinancials IncAGM
Tuesday 19 December 
dotdigital Group PLCAGM
easyJet PLCGM re buy of 157 A320neo family aircraft
Netcall PLCAGM
Orosur Mining IncAGM
Technology Minerals PLCAGM
Zanaga Iron Ore Co LtdAGM
Wednesday 20 December 
AVI Global Trust PLCAGM
Lift Global Ventures PLCAGM
Northamber PLCAGM
RM Infrastructure Income PLCGM re managed wind-down
SolGold PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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8 Dec 2023 14:24

IN BRIEF: SolGold identifies "promising" copper target at Espejo

SolGold PLC - Ecuador-focused copper and gold exploration company - Identifies a "promising" new porphyry copper-gold-molybdenum target at Anomaly 4 at the Espejo project. Chief Executive Officer

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5 Dec 2023 12:09

SolGold celebrates new gold discovery at Blanca Nieves project

(Alliance News) - SolGold PLC on Tuesday said recent exploration at its La Florida target has led to the discovery of visible gold.

Read more
1 Dec 2023 14:29

TRADING UPDATES: N4 launches investor hub; Capricorn production falls

(Alliance News) - The following is a round-up of trading updates by London-listed companies, issued on Wednesday, Thursday and Friday and not separately reported by Alliance News:

Read more
17 Nov 2023 13:56

IN BRIEF: SolGold says "invaluable" chair to stand down at AGM

SolGold PLC - Ecuador-focused copper and gold exploration company - Chair Liam Twigger will not seek re-election at the forthcoming annual general meeting in December. Twigger became chair in August 2020 upon the resignation of predecessor Brian Moller. SolGold will commence its search for Twigger's replacement "immediately" and will provide updates "in due course". Company says Non-Executive Direcor James Clare will also step down at the AGM after five years in the role.

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25 Oct 2023 11:54

IN BRIEF: SolGold says talks over Cascabel project continue

SolGold PLC - London-based copper and gold explorer in Ecuador - Says strategic review is advancing following merger with Cornerstone Capital Resources Inc in February, through which it consolidated an 100% interest in the Cascabel copper-gold project in Ecuador. Adds that discussions with "highly credible groups" interested in its assets are ongoing. Says work plans for 2024 have been funded and no additional financing is required in the near-term, after raising USD86 million through an investment by Osisko Gold Royalties Ltd in 2022. Chief Executive Officer Scott Caldwell says he is "disappointed" by the company's current stock price as SolGold is "currently in the strongest position it has ever been". Its shares are down 41% over the past month.

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9 Oct 2023 17:22

IN BRIEF: SolGold chair and chief executive increase holdings

SolGold PLC - London-based copper and gold explorer in Ecuador - Chief Executive Scott Caldwell buys 790,000 shares at prices from CAD0.18 to CAD0.21 per share on Friday, worth CAD157,243. Caldwell now holds 19.4 million shares in SolGold, around 0.65% of its issued share capital.

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29 Sep 2023 10:46

SolGold swings to loss; needs extra funding to continue long-term

(Alliance News) - SolGold PLC on Friday said it swung to a considerable loss in its latest financial year, mainly thanks to surging administrative expenses, and it said it will need additional funding to continue operations.

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