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Talking of nut jobs still waiting for the link that shows Toyota have made a car that runs on water.
It’s the pot and kettle show
Delivered to us by the moron who thought bhp bid for a far smaller share of ensa than they did and not forgetting the genius moment where he lamented others for failing to understand the uncrossing auction and then had his own laughable on the matter dug up from the archives
If carlrsberg made morons, it’d be a close call between this guy and the nut job that disappears every quarter after the gold index rebalancing
Stackhigh I now think you understand, but are being Slug like.
The shares exist they are being sold from one holder, which is Solgold treasury to another Holder say a block transfer to a company.
So no dilution.
If I sold my shares and another person bought them, then no dilution has occurred.
It's the same thing.
Fort I think they have already activated the exploitation agreement. Scott said they hope to expand on it by the end of June, whereas the energy minister stated it'll be signed off by the government by August.
Lord I think to fully derisk Cascabel they are looking at a spend of £30 pa for 2024 and 2025, so funds are required if they choose to fully derisk the asset before a sale. They also require funds for ongoing licence costs and ongoing expenses, so perhaps need £80-100m to cover them at a guess.
Funds can be generated through selling their Cornerstone shares, highly likely imo, but they would still need to generate around £80m, probably through offtake agreements for Cascabel, although non core asset sales are still on the table through the Strategic Review.
Or they could sell a direct interest in Cascabel. Or all of it, or indeed the whole company (although that looks highly unlikely at this stage)..
That's just my opinion of the opinions available.
LordWM, key stuff to look out for
1. MD&A news out next week (covers Jan to March 31st, key achievements and cash balance)
2. MSCI reshuffle May 14th (share price north of 10p and we might get back in, which means forced fund managing buying)
3. June 6th Exploitation activatition deadline (SOLG must action it but haven't thus far)
4. Some kind of non dilutive cash injection is expected before end of June to keep the lights on - but most likely earlier than that unless of course they negate the need to keep lights on and just go straight to the sale process.
SM definitely strikes me as the kind who is a bit intimidated by builders... Hence the attempt to patronize. Good job I'm not a builder or I might have taken it personally!
Enjoy your pint. Remember, if they add water to it, but still charge you the same, that's dilution. If they take a spoon of beer out of it once you've paid for it, that's the same net impact 👍
No one was doubting the shares are part of the 3bn in issue, quady 🤦♂️
The fact is they are owned by shareholders via the company, and won't be if they are sold. So shareholders who don't buy them will own a smaller proportion of the company than they current do. It's of no interest to me whether you understand that. The irony of being told it's me who doesn't understand, or can't accept I'm wrong, is hilarious. Sleepwalking into dilution because you don't realize that's what selling those shares represents is exactly what you should do if you're going to ignore people who try and put you right.
You don't want to believe Scott would lie to you, that's fine. He's been exacting and economical with the truth.
That’s why you look at the company RNSs to find that information out not of a degenerate chat board like this has become in recent years.
But to help out the answers are: No, yes, & who knows!
Off to enjoy the sunshine and a pint. Will leave Bob the Builder to it.
Stackhigh let me make this very easy for you.
The shares in treasury make up part of the market capitalisation along with all the other shares in circulation.
Wherever someone buys those shares or they remain in treasury makes no difference.
As no new shares are issued, so no dilution takes place.
They weren't in circulation though, were they? They will only re-enter circulation if they are sold. Try dividing by 2.84bn and you'll see you currently own a larger proportion, thanks to the shares you own as a company 👍
You can attempt to patronize all you like, but I'll remind you that it's you who is being diluted. Meanwhile I'm making more money to invest once the dilution has stopped 👍
Is anyone able to state anticipated news flow please. Is further permitting required? There's some been some talk of a need to raise more funding at some point soon. Are we looking at project funding to start development, or are we anticpating an acquisition?
Thanks in advance (it's difficult to make much sence from this board - a lot of noise and off topic chat)
What is all the fuss about guys, we're going to close at the same price we opened Monday... the rest is pure noise ! albeit very enjoyable to read 🤣🤣🤣
Have a fantastic warm and sunny weekend all
55p Someday soon !!!
Stackhigh, as these shares are not held in treasury they are considered "in circulation". To calculate ownership you take the number of shares you hold and divide it by the number of shares in issue (3,001,106,975). When the 157m shares held by the subsidary are sold, you will still hold the same number of shares and the same number of shares will be in issue. The % of the company you own will remain the same, therefore you haven't been diluted.
Each time you post garbage on here and attempt to belittle people, I will remind them of the fact that you don't understand the basics. Stick to the building site buddy.
Indeed Jezzoo and coincidentally both are utter morons
Because this appears to be like chipping away at a stupidity dam, I'll ask the room 'who owns the CGP subsidiary since the merger? Who owned it when Scott said non-dilutive? Surely you're nearly there now?
It seems we have another person who finds the concept of dilution difficult.
Haha, ramoernred calling me stupid means I'm getting something right. Check out the guys monstrously embarrassing posting history- it's both epic and totally devoid of intelligent thought. I think he's forgotten that he once posted excitedly about a trade on Christmas Day 🤣🤣 what a silly sausage
Wow! Copper just hit a 2 year high...
Actually Rodney the CGP subsidiary owns them, but that does not in any way create dilution if they're sold.
Stackhouse is like Quady...stupid at times and prepared to argue black is white rather than concede and apologise.
Finally, there is a highly likely option that you missed:
An offtake agreement, for which there were TEN EOIs in the PFS3...
Could be announced at any time.
Be great if it was $340m, i.e. Solgold's current MCap...
Glad I'm not in, too, given that we're 10% down on the price when our rampers here insisted it was the last chance to get in. But we know fort, slug and novice are thick as treacle, so we disregard their waffle
I'm not currently in, bar a small hedge. Got to get this car crash out of the way first.
Shares in issuance is the key if all the shares are in circulation. If you as a shareholder own, via your ownership of the company, the shares that get sold, you are being diluted. The fact that the number of shares in issue stays the same doesn't change the fact you own less of the company and it's assets, in exchange for cash.
Shares in issuance is the key - just as the Company said. Are you suggesting that the Company is lying? If so, should you be invested at all?
And there in lies the rub. If the company sells shares that you, as a shareholder, used to own via the company, you are being diluted. You still own your number of shares within the 3bn, but you no longer own your cut of the shares the company sold.
SC and the Company have many ways of arranging non-dilutive finance. These include a further royalty arrangement or selling the Solgold shares it owns.