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.
"We were talking about SAVE Colonel, not SOLG..."
Redknight - do SAVE not have their own BB?
Ha ha I've made enough of a fool of myself with the 1 trade thing....
1 trade seanhunter lol!!:)
Disappointing fallback from intraday high but definitely looks like something positive is beginning to stir here. Nice volume too.
It's almost like news has leaked. We shall find out very soon.
Thanks DBW
RK …. The UT was set to be over 17 the 16.96 appeared 2 seconds before the uncross…. They can’t hold it forever…. News tomorrow? If not Friday
Have a good one DBW
Based on me being bid 16.96 for 100k at 16.29, I'm guessing that the 135,000 is a sale...
And also that maybe someobdy has bought a bundle today to add to the 6.7% they will soon add...
We were talking about SAVE Colonel, not SOLG...
More like Blackrock unwinding that 'instrument' of theirs. I think they had sold or moved to a new tool (loaned stock) to the tune of about 25m shares.
Last time they unwound the same tool was at 28p+ levels and it pushed us all the way to 35p.
It's a bit cynical and ugly watching the US markets do 'so well' leading up to the mid terms elections. They must think the US voter is devoid of market knowledge. Still... it doesn't feel like the world is nigh as per last market wobble in late Sept.
So many dollars printed... and yet the FED can't quite substantiate the dilution... furthermore, why on earth anyone trusts the FED's actions after their rather woeful call on 'transitory' inflation. With or without Putin... they would still have high inflation now so no point blaming it on the Ukraine war.
Question is... what happens after mid terms? A few weeks till the bankers get their bonus allocations and then we head into 2023 and as far as I can see, that's when all and sundry are happy to drop the ball... or better still... allow the markets gravity to naturally travel south!
Certainly persistent programme trading trashed the price...ho hum...sorry for OT
Not quite...532,450 at 16.96 but a solid finish with 17p paid at 16.29.41...augurs well for tomorrow...
Volume good also at 6.5 million...
I was bid 16.96 immediately before the close...
We could even see a 17 UT...
Tryiing to get to 17...
looks like you're right so maybe its the stake buyer topping up...
Red was it though or was it a buy looking at trade time
Ah...that explains it...
Somebody sold 1.2 million at 16.76 at 14.16...
So its pertty good really and I'm still bid for 200k at the market price so we may still close in the 17s...
Shame it didn’t last but something definitely changed today …. Over 5m traded is poor but most in a while, miners mostly turned south this afternoon…. News incoming in next 2/3 trading sessions would be my bet
Good to see someone cough-up 200k for 1.2m shares.
Hope so Red, they've had us pinned down for weeks in this range. A finish above 17p will wake some buyers up.
10 steps forward, 9 steps back at the moment but at least we are heading in the right direction - the market clearly doesn't believe in the "going into production" narrative or that the"diverse book" theory which renders us unsellable and therefore worthless.
Just a little bit of good news in an RNS should be enough to push us up towards 20p again.
It's amazing who suddenly breaks out into a run when the train finally starts to leave the station.
I think also on reflection, both companies had about 2 years grace in terms of delivering more tier 1 discoveries or asset styles. We all expected SOLG to repeat Alpala via Rio or Hueca or Porvenir etc. The reality is after 2 or even 3 years+ nothing sizeable has materialised although I would say Porvenir is a nice economic size for someone like valuestone or lindin. CGP have had some success too with bramados but the rest of their folio has delivered zilch. So after both went about doing exploration for the last 2 years on regionals.... both ended up with producing average results, with SOLG edging it a bit with Porvenir and Tandy I feel.
So perhaps the deal looked more attractive to CGP after they had failed on there exploration and seen SOLG succeed albeit on smaller scale to Alpala.
The question for Citi and the advisors now is ...... will it bring in more cash selling Alpala (ENSA) first and then seeking sale or JV's on the regionals/porvenir etc... or would it be better pay day to sell the lot.
I noted HUR RNS this morning citing that their major shareholder crystal amber wanted to sell out. The company has now launched a formal sale process and will be inviting other companies to pitch offers. In theory, SOLG are in same position. We have CGP and a few others that want OUT and their cash deal and it's now time the company put SOLG up for interested parties to contest. It can't hurt. If the offers are poor, then we simply soldier on through to 2023 and deliver DFS and whilst keeping sale process going.
The environment out there might not look great for buy outs and M&A... but it is absolutely the right time. Big miners are chased up and resources depleted - bargains are out there and it's time for them to deploy cash and sweep up the good deals. That's why you have Wyloo very active. FMG very active. BHP active (Oz minerals), RIO active etc etc. It's far from silent out there... it's an absolute M&A fest! It's perfect time to launch a sale process. Top dollar will come from how much someone wants it more than another. And we all know Alpala/ENSA or SOLG as whole is worth well north of £1 a share and that leaves bumper profits for the next man too.
Correct addicknt we have no demand as volume is woefully low.
RK, surely if demand is there but no supply is available, the way to satisfy the demand is to raise the price thus flushing out some sellers?
The SP is stuck because the market is bidding for (presumably an initial) 500,000 and nobody is selling...
If the buyer(s) are determined enough we'll see this carry through to the 17s again this pm...
"more of a share price reaction" than the initial jump to 21p+...? before settling...