Member Info for schlemiel

kcfb - I simply assumed that to exercise an option one would necessarily sell the stock into the market. I'm not au fait with options though

I suppose in the greater scheme of things this level of dilution is almost immaterial compared to the commercial value of SOLG's assets in the ground

The price is solid so I wonder if there's a buying presence soaking these new shares? It seems that way

60m share options in the money - we need some proper news to get these out of the way...

4 October 2018



SolGold plc

("SolGold" or the "Company")



Exercise of Options



The Board of SolGold plc (SolGold or the Company) wishes to advise of the allotment and issue of 550,000 new ordinary shares as a result of the exercise of share options by one of Company's employees.

Following the exercise of these options, the Company now has on issue a total of 1,696,795,686 fully paid ordinary shares, 9,795,884 options exercisable at 14p, 31,245,884 options exercisable at 28p, 21,250,000 options exercisable at 40p and 47,012,000 options exercisable at 60p.

Following the exercise of these options, the Company now has on issue a total of 1,696,795,686 fully paid ordinary shares, 9,795,884 options exercisable at 14p, 31,245,884 options exercisable at 28p, 21,250,000 options exercisable at 40p and 47,012,000 options exercisable at 60p.

for the temporary lull in the share price

it's now back up again

Our Investor Relations and Public Relations Manager, Anna Legge, is presenting at the 121 Mining Investment Conference in New York today. For attendees the presentation will be at 10am EDT @Investinmining #SolGold #SOLG #LSE #TSX #Ecuador
10:54 PM - 3 Oct 2018

https://twitter.com/SolGold_plc/status/1047726728209215488

'At Alpala northwest, Hole 26-D1 also was a huge success after intersecting almost 750 meters at 0.85% CuEq including a long interval of in excess of 500 meters at 1.05% CuEq. What’s important is that these two holes each intersected mienralization 100 meters towards the northeast and the southeast edge of the currently known mineralization.

As SolGold continues to be extremely successful at Cascabel, it has sourced two additional drill rigs (to bring the total to 12) which will enable the company to drill 126,000 meters in 2018 in an attempt to (finally) define the limits of the mineralization. As Ecuador is becoming increasingly pro-mining, the question isn’t ‘if’ SolGold is a buyout target, but ‘when’ SolGold will be acquired by a major player in the hard commodities sector.'

https://www.caesarsreport.com/blog/solgolds-cascabel-project-continues-to-grow/

Copper demand to surge thanks to China’s global ambitions, BHP says

Jon Yeomans, Assistant Business Editor - 4 October 2018

'Demand for copper will surge over the next five years thanks to China’s huge global lending programme, according to the world’s biggest miner.

BHP Billiton has estimated that China’s "belt and road initiative" will generate spending of around $1.3 trillion (£1 trillion) on infrastructure projects by 2023, driving an additional 1.6m tonnes of copper demand. This is equivalent to adding another 7pc to global demand.'

subscription...

https://www.telegraph.co.uk/business/2018/10/03/copper-demand-surge-thanks-chinas-global-ambitions-bhp-says/

They can have ENSA allowing SOLG to continue exploring on their other tenements. That would be my preferred way forward. That way, shareholders get a cash payout and the upside (or indeed downside) from further exploration under the other SOLG companies

https://twitter.com/SolGold_plc?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

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https://www.ft.com/content/6c60f662-c71e-11e8-ba8f-ee390057b8c9

Competitive bid situation may develop for SolGold

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Neil Hume 2 hours ago
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If there is one thing the world’s biggest mining companies can agree on it is that the copper market is headed for a big deficit over the next decade.

Rio Tinto, for example, sees demand outstripping supply by 3m tonnes in 2025 because of declining ore grades, a dearth of new developments as well as increased demand as the world move to cleaner forms of energy. (A wind turbine capable of generating a megawatt of power — enough to supply 500 homes — requires more than three tonnes of copper).

Miners are attempting to plug gap by stepping up drilling either directly — Rio has 16 copper exploration programmes in train — or indirectly — big investing in junior exploration companies.

Last month BHP Billiton acquired a 6.1 per cent holding in SolGold, a London-listed explorer that analysts say has discovered one of the largest and highest grade copper deposits in the world in Ecuador.

Since BHP bought its stake, shares in SolGold have leapt by 70 per cent and the company is now valued at more than $800m. They were trading at 37.15p on Wednesday.

In a report published on Wednesday, Liberum, a London-based brokerage, said a “competitive bid situation may be on the horizon” if SolGold’s discovery lives up to expectations. SolGold’s other big shareholder, with 14.5 per cent stake, is Newcrest, a big Australian miner.

“Considering the scarcity of copper ore bodies with Alpala’s size and grade, and with both Newcrest and now BHP on the register, we think SolGold’s valuation needs to be framed in terms of its utility to a potential acquirer,” said Liberum analyst Richard Knights as he set a 69p target price.

https://www.ft.com/content/6c60f662-c71e-11e8-ba8f-ee390057b8c9

SS7 - thanks

'substantial further upside'. I like those three words

I wonder if SOLG provided any input to this buy note?

BHP

addi - yep, yer probably right

as an aside - we could be back to blue very shortly. order book depth now bid heavy

Yes, Liberum may be expecting an increase in activity in the not too distant future. After all, MM's need activity and the 'turn' to make money.

I know one thing. It's all coming together like a celestial whatchamicallit (now where's Patrick Moore when you need him?)

It could be selling from the exercising of options that are now heavily in the money? if so, then we may see some weakness which of course would be a great buying opportunity for those with some spare cash

Quady - yes, good morning. The question is, are those orders buy or sell orders?!

I wonder if Liberum is selling for a distressed client and as issued a bullish note to facilitate that process?

Entering into paranoia territory now...enuff from me and apologies for my wittering and meandering

Yes. Liberum Capital appear as a MM and the price suddenly weakens. I am intrigued. Why have other MM's suddenly gone on the defensive with the arrival of Liberum? And we have also seen a rise in selling activity this morning. I am sure the answer will come out in the wash

addicknt - as close to the truth as it is possible to get. I suffer from this all the time but then when your future is tied up in the price movement of a stock this type of physiological response is quite natural. Other Symptons include

Erectile dysfunction
Irregular bowel movements
Loss of appetite
Hair loss
Wrinkly fingers
Bad breath
Failing vision
Perpetual urge to urinate

other than that, it's all tickety boo

Yes, it reeks of price manipulation but then who knows, I certainly don't!