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Addicknt - not much in the way of disagreement from me.
I suppose I just thought this was the one. Hopefully we can all use the final outcome to our benefit in whichever way the individual prefers. That's the main thing at the end of the day.
Still 19.84 equivalent on TSX...
No desire to clutter the board, but quick reply to the CEO/CFO question. Don't expect people to read back so I'll say again: I do think this will be sold. I do think the company as it is now wants a sale. I think the strategic review is pushing that way. This might influence their recruitment strategy. But none of that matters to me, as I don't see anyone with enough cash to buy solg stumping up any time soon- certainly not before AGM '23, which has always been my point. And the market agrees with me, I'm afraid. If there was genuine, universal belief from experienced, big investors that this was going to be subject to a takeover battle imminently, we wouldn't be sub-20p. I know you don't want to hear that, so you lash out with crazy accusations, but that's my view. Not wishing to change anyone else's mind. Just provide balance.
May be so Stackhigh but I think the small (in the grand scheme of things) increase in volume of shares being traded as well as the larger chunks (so recently 2m sold, chunks of over 0.5m sold today) leads me to believe otherwise.... don't think this is the small PI here, and if not PI's then by definition soes that not mean some kind of II buying?
Is your question who is buying or who is offloading? Or both? No RNS so nothing significant enough to cross any thresholds. Volume still pretty small when we have roughly 2bn shares in circulation, I think most would agree?
Sh, why Dec 2023? It's simply an arbitrary date pulled out of thin air and has no logical basis.
And why won't a buyer appear now? What is it that will stop them? Certainly not our board, that's for sure.
In between now and Q2 is probably when we'll be at our weakest. Copper prices and the economy at large tanking. Boardroom turmoil. Share price in the doldrums. Willing sellers in charge who are looking for an exit. Now seems like the ideal time to take us out in my opinion.
In 12 months time, if we haven't been taken out, we will have proven up more of Tandy and starting drilling the other promising tenements. We could be double this price easily.
But it won't get that far.
I think this is the fundamental disagreement here. Either because of time spent on this board, or wishful thinking, lots of posters come at this from the angle of 'why not buy out solg?'. Switch the question to 'why buy solg?' and the answers are compelling: an increasingly de-risked asset, a future where copper is in demand and prices are higher, a decent set of regionals with potential, a reduction in on-stream production from other mines. And those things will lead to a buy out, I'm confident. But they won't necessarily lead to an imminent buy out, and solg/posters here being desperate for a sale doesn't help us get full value and it doesn't force BHP or others to bid: again, that's been my point the whole time. It might take longer than Dec '23: I chose that time frame because prolific posters here 2 years ago were saying we wouldn't make AGM '21.... Just be patient, don't be rampy, and certainly don't claim that you know a sale is imminent, because that's totally false. You can't know that. If you did, you'd sell your house, car, and kidneys to buy more stock. You don't, because you know it might not happen for ages.
Well, perhaps just one of my kidneys Stack, but the point is well made.
You say that people who are saying a sale is imminent can't possibly know that, but neither do you know it won't.
In fact, given the announcement of the SR, there's more logic in their argument than yours.
OMG addickt...please don't tell me he'sstill bleating the same old Dec 23 and no bid rubbish...
He MUST be related to Quady...
Just out of interest Stackhigh how do you differentiate between A trades and ' algo ' trades..after all the discussion about what these trades are I am genuinely intrigued how you determine which is which ?
Another key difference, Add- I don't claim to know if won't sell until after Dec '23. That's what I think. Anyone claiming to know the future with total certainty is either mad, a liar, or both.
Key difference between automatic trades, labelled A trades, and 'algo' trades is that the latter is a fictional label used by rampers to explain poor sp performance on days when they need to blame nefarious interference for their hollow predictions not coming good. There are definitely algorithms out there that trade shares, but they don't advertise this fact to the internet by labelling themselves as 'A' (!), and they don't all seek to crash the SP of a small cap explorer on behalf of some (still invisible!) buyer... Lol
SH, I understand your point about definitive statements, but the fact remains their argument is more logical than yours and thus far you've failed to provide a reasoned reply as to why December 2023 is more likely.
Hmmm thanks !
It is not my job to convince you something won't happen, Add. If others have you believe we will be taken out in the next few weeks/months, for huge profits, then please: bet the whole farm. It makes no difference to me. But I doubt you will. Because you share my doubt. You lack their fake '100% certainty'. They are confident, but they are not certain, but they will never admit that. They are too deep into their trench.
I wasn't asking you to convince me, I was asking for the rationale behind your opinion.
The fact you've failed to do so may suggest to some that you're posting simply to pick a fight.
Lots of the regular posters on here have been stating an offer or bidding war between majors was imminent..... since 2014. Not only for a couple of years. Yet here we are. Nearly 2023, and not a dickie bird. Initially it was after hole 5. Then it was going to be when the shackles were off BHP. Then they were waiting for the election results. There was also a time we we waiting for the outcome of a court case against mining in Ecuador. Then it was to be after the PEA, then the PFS....... it’s been interminable, painful, and loathe as I am to say it, so far the only person who has been consistently correct was Quady. But even he must admit that now that the project plan to build a mine has been surreptitiously swept under the carpet and removed from the website, we are drifting aimlessly without direction. Strategic review being the latest Solgold brainwave to deliver shareholder value. I’m not holding my breath.
You were asking for my rationale why there WON'T be a bid? Read my previous posts and see why that's the wrong question. Or don't: I really don't mind :)
Well, I think there will be some kind of corporate action q1 or 2 next year, that's why I've added another 500k shares since the cgp merger news. Just cast my AGM votes for mine and the wifes 1.3 mil shares in favour of all resolutions. Cannot help but think there is another surprise before the AGM, but we shall see.
Enjoy. C
Goes without saying that I hope you're right, high.
All the best
Cheers Stack, at least the narrative is 99% positive on here these days and we're all just left guessing the finer detail and timeliness. I'd rather be here than bitcoin :-) C
tos
theyve quoted the media that's spun the story - they havent "made it up"
BNC, and in turn the media are interpreting what has emerged from the key players in this saga. The SR is also a fairly large clue.