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.
BNC, hi
I don't think we are suppose to please the like of BHP,or NCM.....we are hopefully doing what is right for us to make them/tempt them to make a move......so far they are not in a particular rush to do that, it's like a chess game in the longer run.
ATB.
Correction...18.74p was the highest price paid...
When we break 19p its a big chart point...
And don't forget they're beinbg diluted down to just over 10% BNC...right royally p*ssed off I would guess...
Beggars can't be choosers.
Have a word with those that reduced us to beggars over these past 5 years...
BrokeNovice depends who you are serving. If you think we are all here to serve BHP/NC you think this is a bad deal. If you think the company should be doing the right thing and contemplate a sale and put the company on a sound place then you think this is a good deal.
By my simple estimate, we are buying 15% of Cascabel for 13.3% dilution...
In NPV terms, $400m (£350m) for just over £50m...
Which is good business anyhow but...
You simply can't put a value on having 100% control and ownership of Cascabel, whether to sell that or the entire company...
These shares are still cheap as chips...having bottomed at 17.7p, but...18.70 already paid and volume so far already approaching 2.5 million shares traded...
so the franco deal with NM at the helm was seen to be the worst
yet now we're all delighted including those canadian guttter snipes irwin et al
funny how it suits when it suits.....................unbelievable!
lets hear what NCM & BHP have to say shall we
cant see them being too pleased based on their previous comments..........
Good morning SOLGers,
Today news although not a mouth watering is certainly very positive to shore our depleting kity for the near term and give us much needed time to sort out the longer term financial situation (until we get the big boys finally take us more seriously......)
Onwards and upwards guys.
:)
And I agree with him 100% - that third step is everything now and it's going to take the right kind of drive and energy to deliver it.
We need to get our finger out our backside now and get a sale arranged.
Much appreciated seahunter Thank you
Pinot
:o)
SharketMare we don't know what the strategic review will throw up.
Plan A is still production until Solgold say it has changed course.
Here you go pinot:
Warren Irwin
@bigdude6669
·
5h
@Cornerstone_CGP
@SolGold_plc
First Step - Friendly Merger with Cornerstone - COMPLETE, Second Step - Raise US$50,000 in non-dilutive financing - COMPLETE, Third Step - Realize full value for SolGold Shareholders - IN PROGRESS. Impressive positive progress for SolGold, congrats!
You can read twitter from a site like nitter.it
Morning all...i'm not member of twitter but can see part of a Warren Irwin tweet ...is there anyone that can have a read.
Pinot
:0)
I'm over the moon that no dilution seems to be involved for once. But 50 million isn't going to last long with 800 peopel twiddling their thumbs when they need to be paid, fed and watered. I also have a sneaky feeling that this financing wouldn't have looked too good in better financial times.
I'm pinning my hopes on Irwin and the CGP boys being hungry enough and pushy enough to still get things going re. a sale as soon as they get near the driving seat. Otherwise we are out of danger this morning but still adrift, becalmed and rudderless for however long this cash lasts.
Talk of "net smelter returns" is crazy and will only keep our resident loons from taking their medication...
sean, agreed and it's astonishing our board has taken so long to realise the fact.
Hi I ,and some still think solgold taking cascabel to production lol!!:)
Even the words "going into production" is kryptonite to the share price.
A good start to the week as far as I'm concerned.....
MM - 07.49 'Orthen correct - although this looks like it is a bunch of Sanghas mates!'
Osisko recently posted their Q3 Prelims, which included the following Board of Direcctors Appointment -
Osisko is pleased to announce the appointment of Mr. Rob Krcmarov to its Board of Directors. Mr. Krcmarov is a renowned international mining executive with over 32 years of experience in the natural resources sector. Mr. Krcmarov recently retired as Executive Vice President of Exploration and Growth for Barrick Gold Corporation (“Barrick”). During his tenure at Barrick, he progressed through several senior positions from 1988 to 2021, and built an exceptional skillset in global exploration spanning across five continents and more than 20 countries.
And further -
Rob adds unparalleled expertise in geology and mining transactions with relationships and asset knowledge around the globe. He will be an invaluable asset to the Corporation.”
Someone tenuous I admit but nice to know we have a guy from a company other than BHP/NMC looking at us. I'm sure RK will agree - he's been talking 'Barrick' for yonks!
Maybe meaningless, but I'm enjoying the moment for once! GLA
Quady, Plan A is now to launch a strategic review of the business to unlock value for all shareholders. It is no longer press ahead to production.
Some cash sorted at least.
But looks like more jam tomorrow for the poor bloody infantry.
The rise has petered out already. I expect we'll end the day back in the 16s.
We need a sale.
Sorry mistermeister re-read your post, you are quite right.
All the best.
18.58 paid
BHP will probably be ok with the merger as its easier to buy or JV the whole lot. Not sure on this deal but it is structured with some buy back so perhaps its a hint of things to come. Importantly it allows SOLG time.
Looks good to me