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Lol it’s not dropping….whatva clown you are.
You are underwater in 3 T20s since October the 23rd, some of them 15% underwater and you pretend to your self it’s not dropping.
Credit card finance is pretty expensive these days now rates have gone up no wonder you are hurting so much and posting 💩
Delusional doesn’t even begin to describe you…….
Yep, I'm waiting for thr MRE and plan to use some of the funds to top up here if still around these levels. But yes agree ggp is something completely different.
You'll be corrected on your calcs when GGP publish their revised MRE which should indicate a 50% uplift in resource. They're also fully funded to production, which should be sometime next year. As stated previously, comparisons between the two companies are ludicrous.
When something is only a matter time, you just sit and wait for that time to pass. You don’t give it any attention or effort because you realise there is no need.
If however you are not really convinced it’s only about time, if really you’re in a panic about your capital, you spend each day, sometime many times a day trying to convince yourself and others that it’s going to happen.
You look for any possible link to try and validate what you hope or quite often need to happen.
I have no beef with GGP. Well done to patient holders...
Havieron has Indicated and Probable Total Reserves of 5.2M ounces of Gold and 245, 000 tonnes of copper.
They only own 30% of Havieron...
So thats 30% of 13.3 billion AUD, which works out at about £2 billion...MCap £570 million (and yes I know they have other projects).
Cascabel alone has $170 BILLION (£130 BILLION) and MCap of £250 million.
Indeed Porvenir has 2.18 million ounces of gold and 1.68 million tonnes of copper...
Thats 40% MORE than GGP's equivalent ownership of gold and TWENTY THREE times as much copper
For a total value of $19.4 BILLION, or £15 BILLION
SO Porvenir'e reserves alone are worth 7.5 TIMES the value of Greatland's stake in Havieron.
I am as always happy to be corrected on my calculations but can you see why the Solgold valuation is so massively, perversely low...?
(BTW Greatland has a similar amount of cash)
Redknight. You really ought to seek some sort
Of medical or psychiatric help.
Watching you over the last month or two, your desperation appears to be undoing you at the seams.
And 1 or 2 of the resident fantasists singling you out, shows how your ramblings are getting out of control.
Have a break. Don't give the likes of walter mitty shark ammunition to ridicule you.
He's using you to deflect from being found out.
We need only £1.32 per share.
After PFS2 I received an email from S/O at Solgold as follows:
"On the EBITDA, I expect in the first 5+ years (after ramp-up) EBITDA to come in at $2bn, lower range.
At a multiple of 5x, that means USD10bn EV then. A good indication of upside over time. ...
$10 billion EV is 'Enterprise Value'
That is...£7.9 BILLION, or £2.63 pence per share...
The numbers are all there...and it will only get better, so...
If you believe that we will never run out ofg cash (guaranteed, through streaming deals (especially with gold soaring), then...
IT IS ONLY A MATTER OF TIME before our prospective Enterprise Value is recognised by a bidding war...
People can fret about block caving or whatever (and even PFS2 said the revised plan is viable), but with $170 BILLION in the ground (compare those numbers with GGP and a MCap of £570m!!!!!), the current value is bonkers and Oyu Tolguei is much more complex than Cascabel...and located in Outer Mongolia...!
I keep thinking I should be buying far more...
He hasn’t got anybody filtered because every now and again he can’t resist saying he unfiltered briefly to check something
You just have to know how to get a reaction
Like by pointing out he’s such an awful trader that he had to sell the merc amg and buy a little family put put
He's in his own little world now SM. And by filtering everyone he can't see reasonable challenge to the garbage he posts.
Red is focusing on a reported c$1m a month administration expenses...
However, we know that working capital is falling by more than that each month.
In particular, the MD&A ("LIQUIDITY AND CAPITAL RESOURCES") also shows minimum exploration obligations over next 12 months of c$12.237m.
More garbage from the self-proclaimed "performance alchemist".
1. Who does 'they' refer to when referencing the autobots? Who is benefitting from the situation? It's been documented multiple times on here that only a small handful of these A trades are algorithms.
2. There are not 20 people in the data room considering bidding for SOLG. Of those who have signed agreements, I think 5-6 arranged site visits (from memory). With a couple arranging second visits.
3. The company has stated that it will look to raise finance before June of next year. Likely April IMO if we haven't managed a sale. The 18 months point is nonsense.
I would say of the 20 that have been in the data room probably max 2 or 3 are still there.
First bid would probably be about the $0.15, which is still a 60% premium. If somebody was a planning a higher bid they would be building a position at these prices.
Chances are though there is no bid coming or else the stock would be much higher.
"I honestly believe a potential serious bidder could be very likely responsible for the current share price..."
Read all your recent back posts?
No one has that much time ffs
Wonder if this was on the same call as 'best hole ever drilled'?
“Based on figures Ingo gave me”
What a tosspot
Noront's PFS
"Toronto-based Noront Resources has released the pre-feasibility study for its Eagle's Nest nickel-copper-PGM project in the Ring of Fire. According to the PFS, the mine will pay for itself after three years of operation.
Initial capital investment will be $734 million: $500 million for mine site infrastructure and development plus $234 million toward shared infrastructure"
So thats c$1 billion Capex for free annual cash flows of $177m
Based on figures Ingo gave me, adjusted free cashflow at Cascabel will be closer to $1 billion...yes $1 BILLION a year...at full production...
Its not dropping...its going nowhere...no volume and manipulated daily by Autobots.
This might be the best investment you ever make, if you're patient...
Read all my recent back posts and you'll see an immensely powerful bull case...
Fortissimo - if Porvenir is easily worth 2x MCap, why then didn't Solgold release the PFS last year? Given the study was so far progressed?
The usual posters talking about in-ground metal values / forecast prices, rather than industry assumptions that would underpin studies, risk-adjusted cost of capital and de-risking design and build of the mine.
You might be right - long-term - with your valuations BTW. But down at a £250m MCap, the market doesn't seem to share that view.
The TOTAL current GROSS Value of copper, gold and silver is $170 BILLION...thats c£134 BILLION...
"Not much use in the ground..."
MCap £250 million...
We are NOT going to run out of cash (enough for another 18 months at current cash burn).
Even if we were in danger, we could easily do another 0.5% streaming deal at even better terms than the OSISKO deal, because of higher metals prices, so $50 million should be a breeze and...
At current Operational cash burn that would last us until SIX years...
There is no way this astonishing mismatch of Gross Value, rising metals prices and a MCap of 1.7....yes ONE POINT SEVEN DAYS of Gross Revenue for BHP...
can possibly last...
I seriously now believe that the SP is not moving for three reasons:
1 Nobody is buying or selling...that means the SP stagnates...
2 Because of this, the Autobots are dominating the days trading, manipulating the SP to stay within a range of 8p to 9.3p...and why would they let it go above resistance at c9.5p when that would encourage buyers and probably drive gthe SP on and through 10p, meaning they lose control.
Look at 22 November when one buyer on here of 829k shares at 9.3p, well above the offer, drove the SP (which had been falling) to 9.79p before the Bots brought it back to a close of 8.9p...10% below its Intraday peak.
This shows how volatile the SP could be if volume returned.
3 I really believe the serious prospective bidders among the 20 in the data room, are struggling where to pitch what inevitably be their first bid (unless its a knockout, which IMO would have to be £1 plus to stand a chance) and therefore whether to bid at all, having seen how BHP, with a bid at 55 cents that the Noront Board recommended, were knocked out of the park by Wyloo eventually bidding DOUBLE BHP's offer at 110 cents/share.
So where to start? Anyone on here fearing 25/30p is exercising their worst fears. It would be ridiculed and would start a bidding war.
So why bother (unless its a stalking horse for Bob Sangha)
And its illustrative to review Noront.
The SP had fallen steadily from 50c in 2017 to 12c in 2020...it was 22c before spiking on bid speculation and taken out at 110 cents just 7 months later.
And heres the thing...there were only TWO bidders for Noront and Bob Sangha advised Wyloo, the successful bidder...
I'm interested in this company,i used to own some years ago,could you or someone please tell me briefly why this share is droping many thanks
Yes, Gold popular at present and copper likely to be a stunning performer over next 2 to 5 years.
SOLG's new website front's SOLG as "A Strategic Opportunity In Copper". Intro mentions copper 5 or 6 more times. Mentions Gold just twice.
The interested parties in the data room will be well aware of the exciting metal mix at Alpala. It's a great basket.
The irony on the new reduced phased approach on Alpala is that phase 1 (low hanging fruit) production and capex is likely going to knock out similar profits to a moderate sized Porvenir mine. The key difference being that Porvenir is located to a major south ecuadorian mining hub.
Mmm... I said 18 months ago that I thought Porvenir might be producing ahead of Alpala.
Porvenir (imho) is worth double our current market cap with ease. Which just leaves the minor detail for the market of pricing in a Tier1 asset. They usually start at £3bln.
Hi Eish...
Both bottomed out c4 October...gold at c$1916; silver at c$21
Gold is up 5.2% at c$2066 and peaked at c$2142 up 11.7%
Silver is up 19% at c$25 and peaked at $25.9 up 23.£%...just about double...
Silver is the place to be...and its more than covering the cash costs of building the mine...
The highest bid for gold on Goldseek was $2143. The Italian's opinion was that we needed $2200/Oz for there to be an interest (in our Gold Reserves IN the ground - 26Million Oz) in Explorers with proven reserves. We are close and getting closer to even higher POG. And let me add, silver (with important Industrial value than gold) always follows and has not yet!
The Major Miners will be back to re-evaluate Cascabel, for sure!!!! GLA
Not much use in the ground.