We would love to hear your thoughts about our site and services, please take our survey 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.
Interesting snippet in the FT regarding Tesla holding talks with Glencore. Car markers are increasingly looking ahead to the vote till mining shortages of key metals (in next 5 to 10 years) and clearly trying to get a step ahead in mission to dominate electric car market. We had the chip shortage fiasco recently and car markers do not want a copper shortage fiasco dent sales.
If Mitsui bagged SOLG then in effect that would scare the Japanese car industry. And that's one very big chunk of the market.
When the copper shortage arrives, car manufactures do not want to be paying 5 times the price levels today.
Easy shush!!:)
Is just one of several large players keen to own better copper resources. Recession or not the world needs more copper.
"Anglo American (OTCQX:AAUKF) (OTCQX:NGLOY) reported Thursday that Q3 production was broadly flat from a year ago, as lower copper output offset a ramp up in coal operations and a strong performance at its De Beers diamond unit.
Anglo (OTCQX:AAUKF) (OTCQX:NGLOY) said Q3 copper production fell 6% Y/Y to 147K metric tons, citing planned lower grades at its operations in Chile and unfavorable ore characteristics at Los Bronces, partly offset by first production of copper from the Quellaveco project in Peru."
Poor old quady. He could start a fightin an empty house.
Patience is a virtue imho the reward far outweighs the risks not long we hope for takeover news gla
The market fears the unknow.
If you have no faith in the shares, you should consider selling now..
And take what you can, before all is lost.
40p is only the starting position once , the murky waters have been cleared.
We have nae sayers, and the yeah ...
As to why the can has been kicked down the road , before the AGM on the very last opportunity of Q4 .
We have to believe, those in charge are working hard to resolve the situation they find themselves in.
Keep the faith, negatively only brings fear.. we all have skin in the game.
‘ We are 10yrs down the line and the true worth is slowly being recognised. ’
Where is this recognition? The share price has collapsed to 15p and still no one is interested in buying shares… the volume is as dire as it has ever been
A full buy out.. would be better for shareholders, but ? Is the market right. imo YES!!
We are 10yrs down the line and the true worth is slowly being recognised.
It's ok, saying we have it in the ground. We know that now.
But it's got to come out, before it's worth anything.
This is the stumbling block , what needs addressed before any big money comes in.
But the more down the road solg take this .
The more someone is going to need to pay..
This is what the big players need to decide.
How much of a gamble and price they want to pay.. before that stage.
Everything is lining up nicely now. and all the big names we see and hear, all have fingers in each others pies. Mitsui must be wanting in, or at least thinking about it. But how much of the pie they want.. that's the question??
Imo
If only we could have a weekend without Quady and Slug.
The way I see it:
1) if we apply the same "Sangha and Irwin" logic about them not agreeing to merge ahead of a solution that doesn't suit them, then a JV at Cascabel shouldn't really be on the cards. SolGold would receive some cash and that staves off dilution but it extends SOLGs existence far beyond anything Warren Irwin would be interested in.
If a JV were to happen then I think Warren would be a nailed on seller into liquidity.
2) Mitsui poses a problem for SOLG. SOLG has to be careful about CGP offering them their stake in the company because it's conceivable that they end up a concert party with BHP. SOLG would therefore be reluctant to see BHP increase their interest via Mitsui.
CGPs motivations are different though and so there may be an interesting bone of contention there between SOLG and CGP.
3.) The updated PFS at Cascabel will show some progress but we'll likely be up scaling our assumed costs to account for inflationary pressures. I expect the improvements will more than cover them bit you can never guarantee how the press will lead.
4.) The AGM has been conveniently slated for the latrst possiblentime before Christmas. We can be sure than any directors not retained or not sufficiently carried to warrant re-election will be shipped out over the holidays.
5.) Any broader findings from the strategic review will be along in Q2 2023 I feel. These things don't happen overnight, ever.
"A SALE IS IMMINENT" has been quoted for the best part of two years, never mind the two week comments!
I was excited once.
More than a fortnight ago though. More like seven years.
Soon be Christmas …
Ok , so someone said two weeks ago we have an exciting two weeks ahead. Well....not exactly exciting for me. CMGiro now says the next 8 weeks are key. So I'll wait the 8 weeks and see. Somebody must have posted something correct in the past that will come true in the future , I hope it wasn't Quady!
No offence intended Quady.
This is the time of year when investers start to think about a possible santa rally.
Let's hope we all get a special one this year.
If they don't buy us completely, I can see them at least buying in ... For at least 30% maybe!!. Imo
But whatever they are thinking, it will need to be quick.
As the element of surprise on competition , is now out the bag.
And others who thought they had time, and going to get SOLG on cheap..
Now know,
The big boys wherein town. . And the race is on.
Within the next 8weeks this story should slowly start unfolding, As positions are made.
Hope it did not spook them into changing their mind if it was an unofficial leak. Although if it was hush hush would they have posed for a photo?
Lunch. How long have you owned Solg shares and followed them? Im assuming quite a while…. You should know by now our board don’t do anything quickly.. they seem to be incapable of doing anything faster than a glacial pace
The mitsui tweet seemed like an unofficial leak to me… which I doubt they will have been happy about.
The minister who hosted them, wasted no time in letting the world know they were sitting around the table.
They are the masters of poker face and timing, if they want in here we will be the last to know I think.
Monte agree after there publicised visit and intentions made clear
I'm surprised we have heard nothing from the Japanese.
Morning Lunch
Agreed …. I’m expecting something soon , but have been for many moons now. I think the merger removed a huge obstacle here but they still have plenty to do. I keep coming back to Irwin and Sangha ….. there’s no way they’d have signed up unless they thought we had something concrete.
I guess we’ll have to wait and see …. Have a good one
The only schedule is your imaginary one.
It ain’t going to happen no matter how much you try and ramp it.
The next logical move here is to place the CGP shares. Do that with the right institution and we’re off to the races. We’ve cleared the path with the merger and new directors now we just need that spark . Follow that up with MRE2 and PFS addendum and Darryl’s valuations look very realistic.
We’re on a tight schedule here so they need to get moving….