The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma 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.
Addicknt
You are spot on..
I don't believe I tried to teach you anything, cash- I made you what I thought was a kind offer. Anyway, we don't need to speak any further. Please stop thinking about me :)
Funny that you don't want to be the English teacher anymore.
Well you like picking errors in my posts. With spelling and such ..
'Highlight him on his English'? Not sure what you mean by that, cash. Sorry :)
I believe the 1bn was totally misrepresented. There's no way it was anything other than expressions of interest. At that stage we didn't even have a PFS, let alone a DFS, so there was nothing for lenders to base a decision on.
Hey Stackhigh..
Are you not going to highlight BOZi on his English.
No... are you the same person? .
Slug? Thought you weren't coming back?
Poster who pops up, attacks other posters as 'utter morons' and gets an unrelated and irrelevant mention of immigration policy in his first post... He didn't spend long on his disguise this time *face palm*
Won't be long before he's off again :)
Solg will not go into production, that was never the plan.
The time is right for a sale now..
Let the big boys , take this on and give a fair price .
Disappointing close...
But UT 570,232 at 19.20 and...
454k after hours means Total volume was 5.1 million...
Meanwhile in Toronto...
CGP $4.61
SOLG 20.15p equivalent
Have a good one
*I was making
You didn't really get the point u was making Quady.
Another company, with a smaller but economically not dissimilar project to cascabel has been quoted double digit % points on their bond coupon. The situation would be no different in your $2.4bn of loans case.
Just think about what that does to the Cascabel IRR on current studies.
That I'd why Mather has relented and got into bed with Cornerstone and that is why the strategy has gone from development to a strategic review, the outcome of which will not be to JV the asset unless Mitsui makes us a very very generous offer.
Humour me Bozi
How much money do you reckon Solgold needs to raise before we can acquire loans for the rest of the 2.4 billion dollars to construct Alpala.
Quady - raising finance for 100% of ENSA is so far off the table now I can't begin to explain.
I know you'll dispute it, and you're entitled to, but believe me when I say that no financier will go near Cascabel at the moment.
Look at the rates of interest we can all get on our bank accounts now vs 12 and 18 months ago. We're up at 1%+ vs 0.1% back then.
This unfortunately means that interest rates on debt have also climbed by the same order.
Those companies that snuck their finance in last year or in Q1 this year made an inspired decision, given that rates are set for further near term hikes.
There are some other good minerals projects out there looking for finance and they're getting nowhere. The horse has bolted, the boat has been missed. If we wanted to fund 100% of ENSA then it needed to be in binding agreements back when Ingo said he had assurances for £1bn.
This now needs to go to a company that can fund construction from it's own cash reserves. That rules many out. That cost of capital will beat anything banks, smelters and offtakers, streamers, and bond investors can offer right now.
I'm just being honest. Now is not the time to go out to the market with a large package, whether that be £3bn for 100% or £600m for 20%.
Bozi it makes perfect sense owning 100% of ENSA.
It the ability to raise finance on more preferable terms.
Is this an attempt at a Haiku? I've tried reading it in different iambic meters... Nothing. Very strange punctuation.
Oh well- couple of percentage points up, and lots of interesting discussion about the possibility of a JV if we don't find a bidder any time soon. Good day all round.
BOZI
Read back , you are not a victim here ..
You are very much the instigator of harassment and always trying to call people out, on this forum .
You are always in the mix...
As for me!!.
Apparently , I don't understand the concept of the English language.
So how could , I possibly....
Put any form of debate. And answer against , the great cut and paste knowledge you have.
Hence why.
The original question, you seek answers for .. are denied.
My research my options on what I feel is a fair price , and when I shall sell out for.
Have a nice day , if you can. CMG
CMG - no I didn't.
I said I'd be interested in your workings and then you rambled on with some claptrap like "you've got your own system and you keep it close to your chest like a poker player blah blah blah."
Look at the thread. It's all there. And then you tried to threaten me by saying I wouldn't be the same in person.
Well what is the point in you getting involved in the discussion if you're not willing to explain yourself, share your knowledge, etc?
Stop casting aspersions, learn to give as well as take.
Smickster - don't get involved, please.
Until you have to put up with getting jumped on for providing an opinion and then accused for being a keyboard warrior (when I did nothing of a violent nature), then you should probably just hang fire.
Bozi
Wind your neck in pal, Slug is our resident 6ft4 hard man.
Listen BOZi
You seem to be trying desperately to spin this back on me and you are the victim.
Iyou tried calling me out , and seem to get a bit more frustrated. At the fact I owe you nothing in converse here.
And listen very carefully, put the keyboard down and go a walk and get some fresh air.
You are acting like a child now.
Stackhigh
I'm not frustrated nor angry. .
But thanks for advice, I shall try harder to better my English.
CMG - enough.
I don't act smart. I discuss SOLG with other likeminded investors.
If you attack me though, as you started in your post at 13:57 and then ratcheted up at 15:01, then I will stand and fight my corner.
For the record, I'm not smart and I don't act smart. I contribute to the discussion here, just like everyone else. I've been corrected myself on numerous occasions and I will occasionally clear something up for someone else.
But if someone attacks me without knowing me for not having experience, as Redknight repeatedly has, or today in your case, then no, don't expect me to lie down quietly.
And another thing, I certainly wouldn't be backing down in person either.
It was a genuine question, cash. I'm not trying to wind you up further (you already seem a little angry/frustrated?). Just trying to help. If you don't want to say, or you'd prefer to keep trying to use English, that fine :)
Stackhigh alias BOZI.
That's funny , if you can't make sense of a post.