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It appears there's no longer anyone on this bb who thinks we'll take this to production on our own.
One or two people think it's going to end up in a jv and that this is a good thing, despite the fact the economics are likely to look awful and it would not deliver the expectations of Sangha and co.
Addicknt a JV is okay if Solgold maintain the majority stake, which with a mix of funding is easily achieved.
Got cut off!
Then we have a number of folk who are deeply pessimistic and believe we are on the cusp of giving Cascabel away for nothing. The premise of their argument is that we are in a very weak position, that there are no buyers out there and Caldwell and his mates don't really care about delivering value. They have zero evidence to support this argument.
There are also one or two who think nothing will happen this year, despite the ongoing SR and its delivery within a couple of months.
Then there's the rest, who feel we have an amazing asset which is globally recognised as being important and also know that we have sufficient cash to keep us going for the remainder of the year, thus enabling us to negotiate with a degree of comfort. These people also understand that our recent Chinese investment demonstrates that there are interested parties who clearly rate our business.
So, take your pick, although it remains a mystery to me why anyone who is so downbeat about our prospects would continue to hold.
Q, that's the problem, funding is not easily achieved and I can see no reason why a major would accept a minority position.
Addicknt you argue that their is zero evidence that we have no buyer's.
That is not what evidence means.
Evidence supports facts.
Observation in other words.
So evidence is in support of something, not in support of something not occurring. That can never happen.
This will happen when it happens
We have been told by our own CEO that we are not mine builders, therefore I think there’s reasonable evidence to support the fact we are not building a mine. So we won’t need to fund it.
We’ve been told many times ( by NM ) that a JV would decimate any potential T/O premium.
There is also no evidence of an offer round the corner, but there never is until it happens…. Days, weeks, months … who knows??
In the meantime they have a choice. They can sit on their hands and hope an offer comes along whilst the share price continues its inevitable drift downward. Or they can try and create shareholder value by streamlining, optimising the project potential based on a new assessment of the true value of this project in an environment of much higher ore prices ….. all of which will create the competitive tension we crave.
I think we’ll also see a new drilling campaign announced…… we have to carry on doing what we used to do best ( exploring ) until we are sold and someone will pay a fortune for what we have one day IMO
Ha! Very good! I think you get my point.
Q, before you sink down the rabbit hole of semantics, I would point to your insistence that we were taking this to production. You consistently stated the 'evidence' was there to support your claim, whereas in fact you were relying on the statements of one person on our board who in turn produced no 'evidence', to use your definition, in support of his argument. It was a wish, a dream, and an unrealistic one at that. There was no funding in place; there was no infrastructure being built; there were no shafts being sunk...you get the picture.
As such, and using the same definition, my argument about the pessimists on here, stands.
Addicknt this is not semantics it's fact.
Also you can only make your statement stick by continuing to misquote me.
I have always said that production is the most likely outcome looking at the evidence and facts.
It is not about one person on the board. Again pretending I have said something I haven't.
It's about company statements from all of Solgold.
It's about the diverse book.
It's about a long steady path, that has been interrupted by COVID.
It's about the RNS's that have accompanied this share over the year's.
Yes it has changed slightly and now the evidence supports a JV maybe.
It's really nice to see that many of us understand NM agenda and the board now ,just a matter of time before it's sold as a whole imho ,how long would it take to ship minerals or drive minerals to the nearest refinery? Immaterial to the Franco deal ?,now have a little think about who else is mining not exploring in Ecuador and where do they send there minerals for refining,now ask yourself where are cgp mining in Ecuador and where are they sending there minerals in a j/v ..... correct me if am wrong regards cgp, have a look at their recent reports regards production.
Add I really shouldn’t bother ….. his position was made unequivocally clear just a couple of months ago, I assume he’s shifting position again?
Try the filter button it’s certainly saved me time replying to some of the inflammatory drivel.
“Surprised you pointed this out addict as it goes against everything you've been saying.
The key point is it describes Solgold as an emerging multi asset major.
We will be taking this to production”
Have a good weekend….. it’ll come
Q, I'm afraid your memory of what you said and the facts are a very, very long way apart...and seven thousand-odd posts confirm it.
Oh well, at least you've now come to realize how mistaken you were. Better late than never.
Again addicknt more misinformation from you.
You say I have several thousand posts that declare I have said production is a certainty.
So everyone else can see who is telling the truth.
Just find one and put the date and time up.
Should be easy if you are being truthful.
Especially as I have only posted 7788 times since 23rd June 2011.
And not all on Solgold.
Somebody has been on an expert level spindoctor course !
Jezzoo, yup, First class honours from the elite Alistair Campbell Academy of Misinformation and Obfuscation. Same place our board attended.
Well add , I am totally downbeat , and I continue to hold because I,m currently 16k down. Get it?
Cov stop moaning on a sunny Saturday afternoon when this does eventually go you’ll be more than 100k up trust me buddy the here and now price is irrelevant now go and spend some time with your friends or family
Not moaning Novice , just answering add @ 7:01. Have a great weekend all
Addicknt - to answer your question at 7:01 - I'll continue to hold because I'll take my 100% gain when it comes.
That doesn't mean I have to be happy about it.
At this stage, given where markets are in general, I've made the decision to see SOLG through to what is looking like a disappointing end before I think about reinvesting those funds.
Bozi, we don't know what the outcome will be. Keep focused on the asset, but I most certainly understand your frustration.
The only thing that could produce a disappointing end is a forced sale at an unacceptable price...
The Mather CGP caucus and the NCM BHP vested interests can be counted on to prevent that.
SOLG has enough cash to get through 2023...a sale should be accomplished well before that.
And if the market stays deflated you'll still be able to reinvest at tasty terms...
I think we do Add.
Do you really think BHP have waited this long and continue to wait just for someone else to start the bidding? It seems unlikely to me.
I think there's a clear read to the market's view of the company and it's very difficult to continue enthusing about that asset when the company has drawn back on any future development spend and
... and appears reluctant to get boots back on the ground at the regionals.
Bozi, no, I don't think BHP will walk away. But the point is we are now in a formal process and BHP will be part of that. Citi/Maxit will orchestrate negotiations and as I said the other day, the re-balancing of the register means that BHP will not have it all their own way.