09/01/2006
As foreshadowed here before Christmas, Pacific-focused Solomon Gold plans a £3-to-£4 million AIM launch next month.
Williams de Broe is acting as nominated adviser and broker to Solomon, which holds four exploration licences in Guadalcanal in the Solomon Islands, lying on the South West Pacific's geological 'Ring of Fire'. The company, which began life as a subsidiary of Aussie-listed D'Aiguilar Gold, is headed by Nick Mather, an Australian geologist who has run several resource companies and played a key role in discovering the Gingko mineral sands deposit in 1998.
Rob Weinberg, a well known City mining guru and ex-World Gold Council executive, is a non-executive director of Solomon, one of whose licences is next to the two-million oz Gold Ridge deposit. Gold Ridge is being developed by another, unrelated company, Australian Solomon Gold, which has spent £26 million on its stake and itself plans to float on AIM.
The issue could be well received as long as today's market climate lasts.
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