We would love to hear your thoughts about our site and services, please take our survey 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.
Couple of decent ‘unknown’ trades this morn.
The price paid looks like buys rather than sells to me… still can’t break that 7p resistance though… any signs on the charts @geng? Or is it a case of waiting for the next update to kickstart a move?
The 245k trade made me check my holding, though, to make sure I hadn’t traded my similar amount by accident!
Pk
@pk would be nice to get a golden 🥚
Soon!
The more people that contact mb, the less time he’s got to focus his job. My pestering only has opportunity to delay and I’m happy with what I read in the RNS’s and am long on this, so no real urgency…
Glad you called, @gallmat, and posted positively about that. I’m happy to wait for the next RNS.
Some shift in sp upwards would be nice in the next few weeks, mind. Got a rental property purchase going through in may… a rise to 36p would pay for that! Not that I’d sell my stake here for that, I’d feel better about my choices!
All the best to all holders large and small…. Come on MB!
pk
We are number 6 on the riser list.
Email him and ask.
I suspect we won't get much this week as he was out for 2 weeks. I fully agree a general update would be great
Is in three trading days…. Can we have an update on various progresses please, MB?
IMHO.. until we get fair value which I assume will happen after we know which road we are going down in India( next week🤞) I wouldn't compare anything to mk cap.
Since lcm gave us 10 million quid plus on a no win no fee our mkcap has just had no reflection...utter bonkers!
When i say key focus. Odviously india 1st, but how to have business arranged to minimise dilution is very high on the list.
When we discuss. Avoiding dilution is his key focus.
Even raising 1m usd for operational expenses is 10pct of market cap. If award is 500m usd.
We just gave away 50m usd for 1m usd
Mark has progressed our WA projects significantly with minimal dilution already. No need for concern there.
Well this time next week I am sure one of us can say ' I told you so!'
GLA...
Sorry if my opinion came across too strong.
Having spoken to ceo i think the dilution is really at forefront of his mind. And i agree he is quite experienced in finance ( if you check his bio).
Good that you keep me thoughts in check. Only death is 100pct certain!
I think we all have our own opinions.
I will but my faith in the BOD & there strategy. They have a huge amount of skills & on the ground experience.
Let's not forget their own personal investments in PAT.
I am 100pct against additional spending in africa unless we split african assets and indian assets.
The dilution is too intense. 10pct dilution for say 2 m usd. Could cost 100m usd implied on court case at end.
There is no way you get invest 2m usd in mining and make 30m usd, let alone 100m.
The mining assets have value but they need to be segregated.
I think the ceo knows the return on investment from the court case cannot be matched by traditional mining investing in drilling.
Agree about the potential to top the pot up..but if progress is getting made to put shovels in the ground (and some confirmed jorc) somewhere in West Africa ..that's OK in my book.
Or as per Nelsonthedog's post yesterday if that scenario is on the table even better!
I mainly asked about the deposit. It is higher than quoted 6.7 as more drilling made it to 7.2m oz.
Additionally it is open at depth.
From what i gather could easily be 10m oz, so very economic.
I think the ceo understands the cost of dilution and it is very important to minimise it.
My personal view ( not from call) is we will need more capital to keep the lights on. But there is not a desire to run up unnecessary expenses.
I avoided anything price sensitive.
@gallmat anything you can share about the call? Is Mark working his magic in India these days? do we need to raise cash?
That are being messed up over there
https://globalarbitrationreview.com/article/billion-dollar-dispute-over-indian-gas-venture-headed-arbitration
A judgement is digital or binary. Win or loose.
Think about why you might want to be in this. I think clarity of rational is important
Sorry Gallmat - Can you clarify Digital at end? Not sure I follow that point.
NtD
If you invest. Consider carefully why. What event are you looking for?
1. Digital at end.
2. Stock to move in medium term.
3. To wait for settlement.
Some require long term investment horizons and have different risk tollerances.
Decide for yourself and also how you use this.
Thank you very much Gallmat. No doubt we all expected as did you that he could not give away anything price sensitive but given the balanced viewpoints you have presented on PAT from the offset, your very upbeat tone following your chat with him should give us all great confidence that our patience will be well rewarded. Good luck to all holders and you never know, this time next year, we could all be millionaires! LOL.
Having spoken to Mark (CEO) I can say how delighted i am.
The zaks interviews does not give justice to his skill set. He clearly understands investors views and his experience interms of dispute resolution is excellent.
I gently asked about an update as one was implied in the last rns. But i did not push for answers as that might be sensitive
Dude, that’s your call! Plenty of info in RNS’s and researchable. If you believe what you read and like it, go for it. If not, don’t!
DYOR and good luck!
Is this a good time to invest in this share, now?