From £6.99 per month
ShareProphets
The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares

MINDING THE LSE’S BUSINESS

Join for as low as £6.99 per month

With ShareProphets’ membership, you receive:

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 10 year archive

• ShareProphets Daily Newsletter

Solgold; director options with genuinely positive performance targets

By Ben Turney | Thursday 10 July 2014


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


I get periodic requests to take a look at Solgold (SOLG). It’s not normally a stock I would consider buying. Too many people follow it. Even so, I have taken a bit of a look through the numbers and reports. From a fundamental perspective, I can’t see much to tempt me. With a £50.4million market cap this looks on the high side, for a company at this stage of development. I don’t say this to wind up Solgold’s shareholders, but we know that taking a company from exploration to mining is extremely expensive. While funding conditions remain tight and metal prices recover slowly there just isn’t much to get too excited about. However, I noted this morning’s announcement of options awarded to Solgold’s directors and now wonder whether or not this stock might be one to trade in the coming months.


Filed under:



Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Market News

Complete Coverage

Recent Comments

That Was the Week that Was

 

CTAI

Catenai – monster dilution

Time left: 21:38:04