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.
Cookie, they raised funds and diluted share holdings on 4th June.
Deramper apols typo
Hold on NM has already raised funds without dilution recently ,where's this more dilution /raise funds issue come from?,not another dream per trying to drag it down to load up with a few quid!!!,comon get real DYOR
Clearly a quiet, boring Sunday afternoon with nothing better to do than poke a stick at SOLG !!
4bn shares??
More misinformation.
2b not 4b shares o/s. Even fully diluted doesn’t get much above 2.2.
Phatrader my exact thoughts. He was questioned a number of times about dilution and he lied. How do trust anything he says. NM now can only do what he does best and explore. I too we get successful drilling results but also hope that come October we get bought out. While NM was successful in Alpala he is also the cause for ballooning SOLG to over 4bn shares through options for himself which havent always worked out (40p options to expire). If anything is of guarantee with SOLG, NM will dilute further, successful drilling results or not. At these levels however SOLG is a trading buy.
My last word on the subject! When Solgold pour their first gold, ggp won’t exist, and the investors will either lying by their pool or down the pawn shop....
Agreed Phat no one likes dilution but if one of these other big plays comes off I doubt we’ll be too bothered and they do seem confident
Every time I’ve heard him recently he has indicated that of course some equity raising would also be required so I was expecting it to happen at some point anyway
Good afternoon phattrader1, I think I know the red cloud presentation you are referring to, however if I am incorrect, would be grateful if you could post link, so I can listen to it.
Is it the one, with the raising of the funds for Alpala, as I remember NM saying no dilution for that. However he has repeatedly said limited dilution for drilling and Cornerstone buyout. We may get more dilution if drilling program runs out. However things would have moved on by then, and we may be able to fund in other ways. All the best.
Jerry, apologies - one more word on the topic! I agree that there is a tremendous difference between the two, although there are some fundamental similarities too (both are explorers developing sizable gold/copper resources - so it's very much in the same universe). I do however think that an attempt at reasoned comparison is useful because GGP is currently a case study in how fast the share price can move once a snowball of excitement begins, fuelled in no small part by the very strong gold price. There is a read across to SOLG, because I think there are a number of near term and very achievable catalysts that could generate that snowball over here too. When it is SOLG's turn to become the darling once again, imo a run up to 80p is possible in the excitement (and that's without a bid).
For Zoros, as I will bet he has never looked at the investor, or media presentations on the Solgold Website. The top left hand corner is the latest, then go right, and when you get to the end of the line, go down one line and do the same again. Good luck.
http://www.solgold.com.au/video-gallery/
More than one presentation, all on the Soldold website, From and including April 29th this year. NM never said no dilution, and he has not said that further dilution will not occur, in fact he has said the opposite, but guess what, that information is in more than one of the presentations. NO ONE IS STALKING YOU, YOU ARE SPREADING LIES. I HAVE GIVEN YOU THE BENEFIT OF THE DOUBT, SO MANY TIMES. If you don't know or are unsure, either ask or look at the information, that is being discussed. Don't make stuff up, and then post, as it is true.
Like I said before,I hold both GGP and SOLG simply because of the huge potential in both and of course the fact one should never put all his eggs in one basket....both are maneged by strong teams although with completely different approache as the way forward....
My ggp holding has done extremely well since buying for below 2p not that long ago...while SOLG performance of late is very poor...as such I topsliced decent portion of my holding in GGP to make the most of the recent weakness here as I fully expecting better returns here in the med/long term....I will keep adding here tranches on any little/big drops in the near term....at the same time I will reduce my holding of GGP on the back of any meaningful rise, up to a certain level all depends on future news....
GLA for holders in both shares.
why on earth would the MM's want to 'sit on a stock' it's not in their interests they need volume of trades to make their cut. It's likely they couldn't care less about elections etc. In any case this isn't a fully MM driven share.
Miagi, I don’t think there is any merit in comparing Solgold with Ggp. They are so different. But I don’t bring Ggp up when discussing Solgold, but I do reserve the right to comment if someone else does.
Firstly, comparing Australia to Ecuador makes it a completely pointless comparison. Add the completely different attitudes of the board and management and it further adds to the differences.
I think you will be surprised how much gold reserve there is in Havieron and the Paterson but I agree that it’s an unknown, bit like the rest of Ecuador.
The 84p has come from this bb not the bod. The bod have said nothing specific as that would be unprofessional. It would require a lot of great drill results to get to 84p, which is what Solgold will need too.
So the comparisons are really about the unknowns, and that’s about it.
The Italian - a refreshing and promising post - ta.
Miagi - appreciate the insight. You have faith in the latino way of doing politics, it seems!
Previous reports remind me of the sway some of these "locals" can have on their environment. They might eventually lose but their delaying tactics are reflected in the stock.
You gloss over the $2Bn needed as if it's pocket money - no?
I agree with what you say....I'm simply suggesting the MM's prefer known known's and known unknown's!! GGP is a very safe bet. SOLG (in theory) is a very safe bet....but when will it roll out....this is the question. Year 9 and counting..................................
Quady - three things:
NM diluted the stock to the tune of 147,000,000 ordinary shares during the latest placing, in case you forgot. This is after he said shareholder dilution is not in his remit. You seem to have forgotten this?
Two - you keep going on and on and on about wanting me to watch some "presentation" to answer all my concerns. WTF is this presentation? Do you have a link?
Three - will you stop stalking me FFS? Enough is enough.
Zoros - I don't believe that the MMs are sitting on this stock, and intend to do so for the next 7 or so months until the election! As stated yesterday, these elections come up every 4 years - you can't be getting in a sweat every time one comes around. The leftist option is pro-mining. If the right gets in, won't they be even more so? Lundin and Mirador have working mines putting tax money into government coffers - when the gov. pulled those moves with Kinross, and introduced the punitive windfall tax, back in the early 2000s there were no working mines I believe. Ecuador has since had plenty of time to look at the results of that move - pushed back revenue from mining by 10-15 years.
Re environmentalists - that's why SOLG goes overboard (so we here and I've no reason to doubt it) to get the locals on side. They've also continued full employment during CV-19 and implemented very responsible policies regarding H&S. I think this will have earnt them a great deal of brownie points all round - a friend in need...
Funding - an issue for any developer...(including GGP). It sounds like SOLG is within reach of $2b in streaming and offtake financing, as things stand. That only leaves $700m, of which CGP is liable for about $400m. If SOLG can get $2b nailed on, and can get a hit out of the regionals, I think financiers will be lining up with options for the last paltry $300m or $700m if CGP come on board. Remember that Rio Tinto only just this week announced ~$7b in CAPEX on their Mongolian mine. For these big mines $5b is standard. $2.7b is cheap - the concentrate is high quality and the majors are quietly salivating.
I went to the GGP AGM a few months back, and with the right question GH let it slip that he thought we could reach a full value of 55p. Of course it's not in the official narrative and it's just very aspirational at this stage. I just think yhat technically yhe share price needs to breath now, hence my retracement hypothesis before going back in.
SOLG is just paying the NM all ot none tax at this stage so we are at the bare minimum valuation and the price has way more chance of rerating upwards.
I give in Zoros, yet another uninformed post, please look at the presentations. You are clueless. Please inform me, when has NM lied.
Miagi - fair point. I'm deep into both and I have to admit I have never heard of the BoD stating a ridiculous 84p!!! WTF.
I'm basing the maths on 15MOz@Hav and a maximum sell out for 23p. The end.
The concern for me, here @ SOLG is that the external forc es at play are much more onerous:
The main concern is the political situation in Ecuador and with the GE upcoming, MM's are sitting on this stock. Secondly, the environmentalists in Ecuador - again another reason to sit and do nothing at this stage. Thirdly - who will JV with SOLG to bring this to fruition and what it will do for dilution (I'm purposely ignoring anything NM says about dilution because he has lied before). All of these 'forces' are depressing the stock and until they are ALL resolved, this will drag on for months if not years. Resolving all three is a big ask anyway, never mind in a tin pot country like Ecuador!
Totally agree too, Quady/Italian. I did very well with GGP, sold half my holding recently and topped up in SOLG. The potential here is clearly much greater now, that's my view anyway.
It's amazing to watch how people work themselves into a froth, detached from reality when a particular share has had a really good run. I've been sucked up in it once or twice over the years too, so I know how powerful the pull is.
My last words on GGP as this is a SOLG board, but I do think it makes an interesting comparison, and helps to demonstrate the incredible value on offer at SOLG, especially given the strength of the gold price and the recovery of copper (plus the outstanding LT outlook for copper).
At 12p GGP has a market cap of £445m (SOLG stands at £415m). Ignoring GGP's other assets, which let's face it are FAR less attractive than SOLG's regionals (SOLG's regionals are also valued at nigh on zero in the share price), barring another lucky strike like Hav, GGP's half billion valuation is attributable solely to its 30% share of Hav. At current prices, Hav is therefore valued at ~£1.7 billion. At this stage of development (early - yet to have an MRE, not even a scoping study yet) and given the depth of the deposit, surely anything less then 20m oz gold is going to disappoint. Talk of 84p is fascinating - that is 7 times the current valuation or £12 billion! How much gold does there need to be for that valuation?! 100m oz? 20m oz is a huge ask, let alone 100m oz.