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.
Thanks Optimusgold. I too have learnt a lot from this and other boards on SE. What people say on the various boards is useful especially when I cant make up my mind about a holding. Just off to Cineworld board to see what people think of the buyout rumours.
Talatum, that is, in my opinion, a very humane comment you made. I have learned a lot from this board. I have been invested a long time with Solgold and sometimes the delays have been frustrating. I don't believe NM will take it to production. I think he will get the best value for private investors and himself and put his cue in the rack. Solgold has a history of being slow with news and announcements so I just hope people don't get too impatient if news does not come soon. It will be all right on the night. GLA
Won't it be the same as the UK? If he takes shares he won't have to pay the CGT until he realises them...can spread over a period...?
Beer works for me
Good morning Quady. if only there was some way of transferring the heat to solgold's share price we would all be that much cooler Lol.
Age is not on my side so taking to production is not good news for me. But then the bright side is that there will be more years of enjoying the chats on this board and may be opportunity to realise some of the gains as the price starts to react.
Good morning Talatum, That's not a problem, it's a good thing. Hope everyone is coping with the heat, going to get some type of cooling system today, my table fan, is just not cutting it.
" tax in Australia (especially for higher tax payers, of which mr mather certainly is one) for capital gains is very punitive.."
Saveshare 7 there might be ways of mitigating the impact by reliefs as he is full time working director and may be of retiring age. Also Barrick could find some way of compensating him . imho nm's tax is not the problem. problem is NM who appears to be determined to take this to production
I think NM will be looking for well north of one pound given the effort he has devoted to this and the quality of the resource
Alan. Lol Please, you stay in Norfolk.. over ear in Wiltshire we
Want £1.60+
Amateurs GLA..)
I think any funds raised to fund the CapEx required for the Alpala development will happen in ENSA... rather than Solgold. We hold 85% of shares in ENSA and I believe that, similar to us securing our 1-1.5% NSR with Franco through our Alpala holding, we will do the same with the equity portion (or at least majority of equity raising) for Alpala....
Some people believe the updated NPV from the PFS will be in the region of (let's be conservative) $8b (through CapEx savings, better recovery rates, better commodity prices, lower discount rate)... let's ignore the other tenements as there is nothing proven (yet) so Solgold is, at present is Alpala...
40% (as a guesstimate of what someone would be willing to pay) of $8b is $3.2b or £2.4b or around £1.10 per share... tax in Australia (especially for higher tax payers, of which mr mather certainly is one) for capital gains is very punitive... #justsaying
However if is it is a mix of cash and shares as part of the offer (e.g. from Barrick) maybe the tax isn't as bad...?
I can't see this going for less than a £ a share and don't think he wants to get involved in potentially messy JVs (and he has said as much multiple times)...to be honest I think this is going to production UNLESS we get an offer for £1.50+ in my opinion, which, I don't think will come unless we get multiple parties involved.... i.e. Barrick, Chinese firms and potentially Japanese investment houses.... But who knows!?!? GLA and DYOR
IMO NM is playing a sell game, perfected in sells throughout his career. He is a queezing every penny through a tough defence. Each of his webinars he is hinting a little more that a fair bid will be accepted. The price? Without referring back, I think he had options soon (might already passed) at 60p - suggests that his FV is north of that. I think £1 bid would be more than welcome by NM post PSF and snapped up before that. JV? I see it as a realistic possibility, but not a preference. A £1 sell will see NM set up for retirement with an excellent reputation and an even better bank balance.
What price does everyone think NM will sell for or do you think its a j/v in the pipeline?
Sav,exciting stuff thanks for link
Etetetetetetetetetetetetetetetttetetetetttetetetetetetetetetetetet
Top video pal! Well worth a watch all, impressed by Barrick's CEO and plans... starts by talking about starting to think about copper and gold porphyrs..... then moves swiftly on - and yes increased FCF as I believe their plans all start with ensuring projects are viable at $1200 - anything above that is bonus. May need to rotate some funds into Barrick when Solgold is taken out for £2 ;) GLA and DYOR and watch the interview from today.
https://www.youtube.com/watch?v=3JvN_kOftjo
My money is on BHP with possibly NCM on board for the block caving piece.........
But hey wtfkdik lols
Some interesting commends from Barrick's Ceo in an interview on Bloomberg today:
https://www.youtube.com/watch?v=3JvN_kOftjo