Our live Investing Matters Podcast Special which took place at the Master Investor Show discussing 'How undervalued is the UK stock market?', has just been released. Listen 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.
Have we broken the 6 month, 1 year and 2 year downtrends?
TS
Interesting tweet
https://twitter.com/hubrishunter/status/1770067333706326221?s=46&t=XX3-iZapJ1HaXMFlnE7nKQ
Super tier 1 potential based on today news and all we get is 4% rise so far and probably even less finish......
Mind boggles.
Sorry yes! 6.25km squared this new find
A heck of an area and could be full of these rich nuggets
1984 I think you mean km 2, 50m2 is the size of my house !
"Question is... has Bob worked out a plan or monetisation event that sees one or two blocks around Alpala sold off or JV'd for exploration free carry etc." Exactly this, he must have an idea of fair value of these other tenements, despite not being proven up. I'd love to know what price/share they'd let them go for, in the event of a sale of SolG, rather than just a hiving off of Cascabel. They don't want to sell themselves short, especially on the scale/size of some of these other tenements.
Maybe we can have a whip round, come on Solgold think of something smartish lol
Cascabel or Alpala is surrounded by SOLG's other licence blocks north, east, west and south but some are further afield circa 30clicks rather than literally next door ... 8 clicks. Remember 'Varela'? Throw in the recent interest from Gina R and hey presto you have the hornets circling the bees nest and honey pot.
Question is... has Bob worked out a plan or monetisation event that sees one or two blocks around Alpala sold off or JV'd for exploration free carry etc.
Sometimes you don't have to play around with the main asset to rough up the likes of BHP and co.... all you need to do is start adding other parties to the potential pie but via bordering licence blocks... that's enough to really stir the pot.
Somethings cooking as too much activity of late in Ecuador which is happening at a time when the country is apparently high risk or higher risk due to recent gang land issues. Just shows how 'intent' the super miners are right now. Bodes well doesn't it?
Indeed, lipstick has been put on the pig, the new PFS flashed a fair bit of leg and Blanca is like pushing the lingerie to one side for a peek
We are up for sale
I don't think they've got the cash right now to drill. I think what they're doing is trying to add value to other tenements so that they can increase value for a sale. IMO.
Well all I can say is get bloody drilling, this is a major bit of info and fk all happens, it’s just mental
Atb
2.5 x 2.5 = 6.25sq metres
The whole of the cascabel project is 50m^2
Alpala is within that project area
The scale is mindboggling...
"Exploration identified a significant porphyry target at El Cielto Norte covering approximately 2.5 x 2.5 km and is greater in extent than the Alpala system to the south at the Cascabel Project......Recent and historic exploration at the Blanca-Nieves Project, immediately north of the Company's Cascabel Project, has identified a widespread epithermal gold and silver precious metal field which covers more than 80 square kilometres...."
""greater in extent than the Alpala system...80 square kilometres..."
BBG, not sure I follow. The RNS today has new information on the grades at BN so it's very much new news. What is old news is the fact that BN is integrated into Cascabel. Why wouldn't it be? It was split from Carnegie ridge 5 years ago and stuck into ENSA. Question is... what level of involvement does ENAMI have??? That's perhaps the slight lift of the curtain that some will see especially after recent signing events by Noboa. Are we about to see ENAMI take a 15% slice of ENSA? And in exchange we get what?
https://www.rns-pdf.londonstockexchange.com/rns/9034H_1-2019-8-5.pdf
You're right BBG I likely also will not crash the share price of an LSE-listed stock by 50% in my lifetime
Fort - the news today wasn't the exploration results. Look back on former exploration news re BN. Its epic buts its yesterdays news.
Todays real announcement was that BN will be integrated alongside or within the Cascabel project.
This tells me that we should expect future funding / sale news to involve Cascabel + BN
Scott's achieved more in the last 12 months than most of us will ever achieve in our lifetime.
We know the following is due but we don't know in what order:
CIPA or Funding or ESIA
This is now about being patient and waiting for the fireworks
I think this is where 'poor management' comms are hurting them. Previously the CEO moth balled exploration and said we were doing no drilling and emphasis on conserving cash. Then without any major update, we hear some minor rock chip sample token news pre AGM. Hardly exploration... but it suggested they were still doing minor field ops. Then with cash pile heading toward near zero they start highlighting how great the exploration opportunities are! Ermmm... guys..you are confusing the xxck out of the market .... Strategic review announced 18 months ago and no sign of outcome. They've highlighted Porvenir – Rio Amarillo and Helipuerto as the top priority targets for exploration ... then out of the blue we get Bianca Nieves which I guess falls under 'expand field work' in latest presentation.
So just what on earth is going on Scott??? What are you doing with the top priority targets? Porvenir is a top 20 discovery and you haven't uttered an update on that on since you joined?
Lets be clear here.... as a CEO your job is expansive. But the key goal is to get the company strategy set out clearly so investors new and old know what you are doing and where you are going.
I'm sure Bianca news is a welcome surprise but you have to view your RNS releases against what the company is saying.
So lets have a full update on the three top targets. It's April in 2 weeks and the start of Q2 and shareholders are no closer to understanding what your plans are for drilling (and I mean drilling) these exciting prospects.
The comms strategy is a disaster. The sp would be 14p+ by now if you just timed your RNS's properly and communicated the companies strategy eg tell us the result of the SR for fecks sake!!!!
All a bit ridiculous resources of the century. Let the former be a learning curve to the company
And we've had five highly positive announcements so far this year, several of which contained transformative news. It's been an absolute age since we've seen anything like it, and yet... I can only guess how frustrating this must be for SC.
On another matter, we've not had any news on a new chairman. It was announced on 17th Nov and the company must have known about it for some time prior to that. They're certainly taking their time to find another one...or perhaps they're not going to bother.
So all of the sensible posters and those who still strongly believe and those who have been around here for so long....
Must ask themselves the question...
Why?
Why, when good news comes out do we have a brief spurt before settling back often below where we were before the news...?
I have three possible reasons:
1 Cash has become the number one concern.
Some may irrationally believe that SOLG is on the verge of going bust. That would be a supreme irony with $130 BILLION resources in the ground...even without Porvenir and Blanca Nieves...
It simply isn't going to happen but until the company secures its cash for the next two years, people will still have that nagging doubt at the back of their heads.
And its all very well reporting 'bonanza' finds at Blanca but we self evidently don't have the cash to do further drilling. So what's the point?
2 The believers and the committed are fully invested. In my case more than fully invested with 2.9 million.
Every day I wake up tempted to buy even more because this is a nailed on 'gold mine'...literally...
However, there will be many many PIs and maybe even institutions that are sitting on the sidelines until:
A the cash is secured and
B the share price really takes off, motoring steadily into the tens and the teens. Then you will see a buying spree like we haven't seen for years, but...
C All those waiting might get a savage disappointment if the first takeover bid emerges and the subsequent share spike means they feel they've missed the boat
3 And I believe this is the biggest and most annoying factor...and you've seen it today...
Whenever good news comes out, whether by way of RNS or in the media, the share price perks up...there is little buying follow through and the Autobots beat it down again...adding to people's doubts that SOLG will ever make their fortune.
But...
I believe the last three weeks, with at least 350 million shares traded at a daily average of 15 million (that is 6/7 times the long term daily average) , suggests that there is something big going on in the background.
Those shares must have gone into somebody's hands and...
The constant lossmaking bashing by the Autobots makes zero sense unless somebody is holding this SP down.
It is a puzzle that Scott didn't make a big public splash about P235 of the NR 101, suggesting that not only would non dilutive cash funding, but actually the funding of the entire Cascabel CAPEX is a doddle.
And finally, I say again...NO Director or Insider buying since October...and especially since the AGM...together with the 'radio silence', with nothing leaking at all tells me something big is happening at SOLG towers.
But trust me...one day something will leak...and then the funding will be secure...and the first bid will follow not long after, maybe preceded by a TR! or three...and whooooossssshhhh!!!
And we'll all be 'millionaires'...
Drop your pants Tesla1 and show us the size of your shareholding
Apparently BBG hogs the rose tinted goggles……..
ESIA work commenced in 2022
Amen 🙏
"Think about the question you just asked me over in your head and figure out why this might be an extraordinarily positive event for us. This was step 2.9 in the 3 step process. What do you think the next step is?"
- Warren Irwin, November 2022, just after Jiangxi bought 180,000,000 shares.
How his tone has changed.