Tribe Technology set to deliver healthy pipeline of orders from Tier-One miners. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Evening all.
I am all for directors buying shares, means they have skin in the game, but does it imply there are no takeover talks at moment nor immenent. Surely they wouldnt be allowed to buy with this inside info? Also very negative market reaction to RNS, I was expecting the opposite! Any ideas?
GLA
DK
Darren, I mentioned this yesterday and no, they wouldn't.
Correct Darren, ......" No sale imminent"
I said a while back that Arren Wirwin tweets should be taken with a pinch of salt. One or two scoffed at my comment, if Arren W told them the moon was made of green cheese...they'd believe him. Desperation does strange things to some!
It's very simple Darren...despite it being blindingly obvious that this is set up for a takeover battle that some of us (DBW for example) have been flagging for weeks, some are giving up on their dream of on their dream of Allala going to production...
And given the much higher volumes in the last 5 weeks it's also clear that others are gratefully gobbling the shares...
Fir as long as there are disillusioned sellers, why should the MMs pump the price...?
Damo squib on this rumour then as usual
The simple fact is.......it is going to be a long drawn out process here...my opinion only! I'm not deramping by any means, just being realistic. I continue to hold and haven't sold one share.
I quoted Warren Buffet about 2yrs ago, his phrase was......"You can't make a baby in one month by getting nine women pregnant" It is very true!
Some people here want payday now (I understand that) but the fruit is not ripe, and not ready for picking. Our feast will come, we have to be patient!
Morning Copperpot,
It already has (to put it mildly) a long drawn out process here.......How long investors are prepared to wait is a further unknown.
I've recently invested new money here and am happy buying at these levels....However, I do see this ongoing saga of funding coming to head sooner than most people think here. It's constantly destabilising the company and trust is fast waining with the current BOD to manage the situation effectively.
We can't go on like this and the sooner the Solgold for sale sign is put up the better for all.
We aren’t going on like anything
It’s obvious we’ve finally had a change in direction and any pretence of production has been firmly kicked into touch
Hi Josepi, yes it has been a long journey matey, I do think there's plenty more miles for the clock too! There are probably "many" options being worked on...and not necessarily a sale.
As for high end staff leaving the company of late, duplication of staff doesn't look good on the balance sheet down the line!
copper, for me the biggest indicator of our intentions is the director issue. When DC was given the heave-ho the RNS said a replacement would be sought and the search was starting 'immediately' . When it was announced that Scott was taking over there was no longer any reference to long term replacements, and there was only a 12 day gap between the two announcements, so something pretty significant happened in that period. The same is true for the CFO role.
Ongoing saga of funding...?
Weve just raised $86 million...enough to get well into H2 next year...
But we wont need that long...
Dreamboatwarrior,
I entirely agree this is not going to production.
Redknight,
Whats the plan after the 86 million is used up? That's my point ..... The sums here to get this to production are staggering!
That's why we need to move on and sell this monster of a resource and not keep handing out the begging bowl every few months for further funding
We're not going to production...
This thing will be sold within a few months max...
Dont worry...
In fact we probably wont need the Osisisko money which can be repaid...
6.3% to Jiangxi is a teaser to set up a bidding war...
The next TR1 should be interesting...
Redknight,
I hope your right, I've got feeling your right.
2023 is pay day here
DBW you have been constantly wrong and still are.
We know we don't have a bid or interested party.
We have raised money which is ring fenced for Cascabel, cannot be spent on anything else.
We have now raised 36million to advance drilling.
None of this is to do with a bid.
Add to that, that we have a strategic review that is looking at hydroelectric and a cheaper start up for Alpala.
This is looking at how to bring Alpala to production.
That's what the facts point to, and we have the evidence.
Addinct … no we don’t need it but it could easily be used as a tool to push BHP over the edge
Quady… until Solgold take this to production (as you always claimed they would though you’ve recently been squirming to take a different position)
You will be wrong too …. There will also be no JV
Quady, you are clinging to the hydroelectric power quote for dear life. Given that the company has stated that it is no longer intending to produce an amended PFS or proceed to DFS at Cascabel, what is the output you're expecting to see here?
Your desperation to be right about taking this to production is bordering on the pitiful. You're ignoring the myriad of facts that all point to disposal or sale of the business, and when properly challenged, as Bozi did the other day, you simply disappear into the ether.
I wonder if you'll ever post on here again the day SOLG formally announces that another company will be taking Cascabel to production, whether through the company having been bought out, or the asset spun out and sold.
Sharket…. If this gets sold tomorrow he’ll more likely claim it was what he predicted all along, and probably believe it too
Why don't we all just agree to disagree OR just agree that NOBODY is right, i.e. that the company itself if unclear as to what happens next... hence the strategic review. Yes there are stakeholders who may WISH for XYW to happen, doesn't mean it will happen. Look at the reality...
Funding for Cascabel - keeping that option open
Investigating hydroelectric and cheaper options - keeping that open
Get rid of CEO - streamlines company for a potential sale OR a major disagreement
Maxit and others - clearly want a sale and positioning
Streaming investors - obviously want production else they would invest elsewhere (yes I know they get their money back if no production but that is many years down the line.
Recent investment - probably the start of wider intent to gain more shares ... possible takeover
So this is out of any single parties hands to fully steer / influence / control.... as a wise man once said... If you cannot influence it, and cannot control it.... do not worry oneself about it. :-)
Well said, Sh4re. Lot of armchair experts here but no matter how much they repeat their points they don't come true. Long wait still here i reckon but hopefully not too long ATB
They only need to come true once
What does that mean DreamBoatWarrior? Are you correct about a sale happening soon do you reckon? Hope so as some people talking about how others are just ramping has made me a bit worried but you seem sure it is going to sell soon for a good price?