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.
Miagi, agree. We probably only need one really good drill hit, but very soon. We’re that to happen, and the SP move to reflect it, it puts a stop to the risk of a low value takeout, and assuming SP was near 40p, I for one would have no issues with a further equity raise to fund the remaining drill programme. It’s only sub value equity raises that will cripple us.
Yes, well we are jumping the gun a bit but of course a major discovery with Alpala style results will certainly get the excitement going and agree in time that may help with future capital raises when required etc.
I still think you're being a little generous on the $2.7bln raise. Do you have an example of off take deals / smelters etc on pre funding projects like this? Would be good to see a bench mark to align or dismiss!
I've put the LSE (and other sites) BB posts through my BBBT (BB buster technology) and can confirm due to the plethora of BB posters who seemed to go very quiet for a period of a few weeks, most are now chirping loudly again, which converts into an algo sytem return of 'takeoff ready'. Just a need a few sour grape posts (think there's a few on twitter already) to confirm that we are off to the races.
CD, "NCM shares have peaked and there's no real catalyst for growth now they have lost out on gaining more SOLG shares and % interest in Alpala... the worlds greatest copper / gold discovery in last 5 years."
Shhh, you might upset sensitive holders of a certain other company!
CD, I understand that your proposition also carries with it a significant reduction in risk to SOLG, which I should have mentioned in my post there, because it has a good deal of value too.
NM has mentioned several times in recent presentations/webinars that they have high level interest (on what I presume are terms acceptable to NM) for just over $2b in offtakes and streaming. Without CGP that only leaves $400m to find - frankly with the gold price where it is and copper where it is going, I imagine there will be players out there queuing up for that final $400m - he may have to accept slightly worse terms for it, then again he may not...(e.g. he could go back to FN and say yes you've put in $1b, we've got an offer from such and such for the last $400m but the terms are just off optimum- do you want in for another $400m for say 6%, on top of your $1b for 10%?). It's the size of the gold pile, the gold price and the quality of the concentrate that have the smelters, offtakers and streamers queuing up around the block.
Agree that $40m will only fund a 12 month drill programme. Disagree on your drill estimates. They won't be going beyond 1km per scout drill unless they've hit another Alpala hole 5. I would imagine, based on past years, that we can get 60-70km of drilling out of that money. All we need is one serious hit (and we could get multiple hits on different prospects) to send the share price into orbit - raising a bit of equity for more drilling at 50p+ isn't going to bother me in the slightest.
I've translated that note too...using my new investor jargon busting technology and Ctit note says
We are currenty working with SOLG on protecting an asset folio we believe is worth over $10bln+ and the unprofessional way Newcrest has gone about it's PR activity has led us to review their business and we've arrived at the conclusion that as they are no longer fit and proper in terms of taking SOLG over, that missed opportunity now makes them look very expensive based on their current folio. NCM shares have peaked and there's no real catalyst for growth now they have lost out on gaining more SOLG shares and % interest in Alpala... the worlds greatest copper / gold discovery in last 5 years.
I wouldn't use the $150m finance deal as an example of what to expect for future deals which involve close to 20 x that value. Getting another $2.7bln+ will be expensive. Have you tried some numbers on how that might look including an equity raise of some size?
Add to this, in 12months time, SOLG are going to need to tap markets again for more funds if they are going to press ahead with any promising exploration finds. The $40m raised is only going to see 3 t 4 prospects tapped with probably less than 25 significant drills between them.
Seems like every two bit company out there is enjoying massive hype-induced rallies. I'm guessing this one of substance will be enjoying a genuine, fundamentals driven rally of similar proportions very soon, when some of those other bubbles start bursting and the "hype" money finds its way here.
CD, interesting proposition there (your 8:50 post). Basically give 60% of Alpala to BHP leaving SOLG with 25%. If SOLG were to do that their share of the CAPEX would be reduced to only $700m - add in the $200m "rebate" and you're saying give away 60% of Alpala for $900m in essence. Doesn't look like such a good deal when compared to giving away 1.5% to FN for $150m (or 9% for $900m pro-rata). I'd say if NM can pull off these streaming deals then we shareholders are going to be sitting pretty - BHP are going to have to shell out a whole lot more than $1 billion. The gold price flying, our gold rich core, copper looking strong however the world economy pans out (either a bucket load of stimulus backed construction to get the jobs market going, or a natural bounce back or a combo of the two).