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:
You will only have one login account. Registering with multiple accounts is not allowed. Any user found to have more than one account on this site will have all, and any future accounts suspended permanently.
Your email and password must only be used by you. If a post is made under your account, it will be considered that it was posted by yourself.
Your account nickname must not be the same, or contain, listed company names or board members' names.
While debating and discussion is fine, we will not tolerate; rudeness, swearing, insulting posts, personal attacks, or posts which are invasive of another's privacy.
You will not;
discuss illegal or criminal activities.
post any confidential or price sensitive information or that is not public knowledge.
post misleading or false statements regarding the share price and performance. Such posts are deemed as market abuse, and may be reported to the appropriate authorities.
post any private communication, or part thereof, from any other person, including from a member of the board of directors of a listed company. Such posts cannot be verified as true and could be deemed to be misleading.
post any personal details (e.g. email address or phone number).
post live price or level 2 updates.
publish content that is not your original work, or infringes the copyright or other rights of any third party.
post non-constructive, meaningless, one word (or short) non-sense posts.
post links to, or otherwise publish any content containing any form of advertising, promotion for goods and services, spam, or other unsolicited communication.
post any affiliate or referral links, or post anything asking for a referral.
post or otherwise publish any content unrelated to the board or the board's topic.
re-post premium share chat posts on regular share chat.
restrict or inhibit any other user from using the boards.
impersonate any person or entity, including any of our employees or representatives.
post or transmit any content that contains software viruses, files or code designed to interrupt, destroy or limit the functionality of this website or any computer software or equipment.
If you are going to post non-English, please also post an English translation of your post.
If you are going to post non-English, please also post an English translation of your post.
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 and Verified Members
Premium Members are members that have a premium subscription with London South East and have access to Premium Chat. 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.
There has been some suggestions of an ulterior motive as to why Franco Nevado has not completed the due diligence yet. I have done a little research: 1) Currently there are no direct flights between Canada and Quito. It is possible to fly from, say, Tornonto but it does involve a long transit between planes (and airlines) on route. 2) On arrival at Quito airport, one has to show a negative test result for a Polymerase Chain Reaction (PCR) test for Covid-19 taken up to 7 days prior to departure for Ecuador. For passengers arriving from countries where this test is not available, this must be taken at Quito Airport (or other airport in Ecuador). 3) All passengers must then undergo self-isolation at a hotel for 14 days at there own expense. If that is not enough to put anyone one off, then on return to Canada, I presume they will have to self-isolate for another 14 days. I suspect nobody from Franco Nevada would want to undergo a trip to Ecuador to complete due diligence (dd) in those circumstances. It has been suggested that some form of virtual dd could be arranged. Because of the amounts involved and the location, I suspect that that would be very much a last resort. So, to me, the delay in signing off the financing contract with Franco is because of the above and not for any other reason. As for the sp, I do think that the actions of Cornerstone and the uncertainty that is being created, might be holding the sp down. I can't really see any other reason.
Bears and Bulls, I was puzzled like you but it was pointed out on this board that share price of 10% of market value is quite normal at this stage As to their intentions - They will either pull it off or pull us down. I cant see any other way . Many folks on this board are quite excited about a bid. Hopefully they are right.
Let's talk Barrick...... IF they have engaged with NM..that would address why the sign off with FNV is on hold. The problem with this however is that solg would have to go public with the info and they haven't. So maybe it's a dead end?
Interesting point about Barrick there iceberg. Barrick is the one major that is raking it in currently, due to the gold price. And it was in that recent interview that the CEO stated they're not averse to diversifying into a bit of copper too, if I remember correctly? SOLG is the perfect match. Ooh, the fireworks if Barrick want this - they'll have to pry it from BHP's cold, dead hands I think.
Perhaps the for sale sign is up, or maybe it's Citi's influence to help get the share price up to where it should be - reflecting the value on offer here. Either way, I think it's a good thing.
If this sp is such a sure fire winner bit puzzled why it has stagnated Ps I hold shares ib solg just seems hard to get a true picture where they are going I can c what they are trying but can they pull it off??
I'd agree with much of that. I'll and it's just an opinion it will be to sell the operators and a big chunk of solg and also give Barrick et al first refusal over any more JVs for porvenir Rio etc. It would be a win for everyone.
I agree Iceberg, but one thing speculating, another getting an agreed deal. NM won't have come this far and sell it cheap. A brief example: if we get a valuation on PFS of say close to 7.5 billion pounds, that is over 3 pounds a share. Now I believe a deal would be 40% of that at PFS, which is 1 pound and 20 pence. Some people may consider that fair value, but would NM. If I was NM, I would want full value, although I understand many would be happy with £1.20 a share. Lastly would NCM and the other stakeholders sell out at £1.20 a share. I don't think they would. So can a deal be brokered. As it stands I don't think so. Maybe a deal between these two figures might, but I feel, unless it's close to £3 a share, I don't think a deal can be done.
Iceberg - agreed. It’s happening. Only a matter of time. Too many articles linking Barrick and SolGold as a target and this was all after my market maker mate in London said to watch out for Barrick and I posted on here.
Quady as you know I am agree with the push for production, maybe not alone but probably with others. However there is a doubt, a nag that keeps knocking at my head that solg is also prepared to sell itself. This is shown by things such at the tweet they sent out 5m ago about barrick . why keep referencing Barrick ? Or articles that talk about takeovers? I've lost count of the amount of references to them...so many that it's bordering on contacting the nomad to explain...
If a deal is struck to go to production with FNV then God help shareholders and the dilution (in one shape or another) that follows. NM would have to sell his grandmother to pay back a $2 + billion finance deal without impacting shareholders.......
That sounds like production costs to me, but you say not, what are these extra 2 billion plus set up costs. I see you are misleading again.
Sorry Zoros, you are still printing misinformation, you said if we go to production we get heavily diluted. Now you accept the cost to go to production, will not dilute, as this is taken care of. You now claim setup costs. What are these costs and how much are they, and why do they dilute. Please keep the conversation to Alpala, and don't bamboozle.