Solomon Gold seeks float
Article Date: Jan 17 2006
Pacific-focused Solomon Gold – which holds four exploration licences in Guadalcanal in the Solomon Islands, lying on the South West Pacific's geological 'Ring of Fire' – is planning a £5 million AIM launch for the middle of February.
Williams de Broe is handling the float for Solomon, which began life as a subsidiary of Aussie-listed D'Aiguilar Gold, and is steered by antipodean geologist Nick Mather, who has run several resource companies. According to a key source at Williams de Broe, the company is in London this week and next on a marketing push, and the pricing ‘is an absolute bloody steal’. A starting market value of £13.4 million is anticipated.
Well-known City mining guru Rob Weinberg is a non-executive director of Solomon, one of whose licenses is next to the two-million oz Gold Ridge deposit. This is being developed by another, unrelated company, Australian Solomon Gold, which itself plans to float on AIM.
