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"Production means massive debt or massive dilution."
It'll probably mean some of both.
But this should only be seen as part of a much longer term value.
I don't know your personal situation, but why is it you seem to think this should all be dealt with in the next few months?
It's a long term play, simple, because that's what building a mine is.
Production means massive debt or massive dilution.
Sean - if you think the SP goes to 2p in a future production scenario, how much do you think we'd be able to sell the company for next week or next month. Surely not for the same 78-80p p/s?
Q "Laughing at that Shipright, I was a technical analyst with a major hardware developer.
I have worked on kit you won't see for another decade yet."
Err hang on, last week you knew all about plumbing due to being a teknikal analsit, make up your mind.
It's like an episode of the Fast Show.
" I can't help noticing that I'm considerably cleverer than yaou"
Good Grief !
Quady, I've never felt production is the most likely outcome.
The odds are stacked against us, imo.
BUT, that's the stance until someone makes an offer we can't refuse. Which is exactly the right position to take, imo.
Mather was never going to sell his sole cheap and everyone (at least I think) knows that.
Which means don't even bother unless you're talking proper numbers, which is why we haven't looked like getting an approach, to my mind.
Your diverse book thinking is interesting and I understand it more now you've said you're basing it on the fact that the big miners have been diluted.
I do actually agree that the current ownership of SOLG makes a bid awkward, to say the least.
I think where those in our camp have a problem, is in fundraising. I personally think it's not a problem and there will be someone willing to cough up for a bit of the future revenues.
Whereas those on the opposite side of the debate think we'll struggle and are at risk.
As Sean has said, "We will know soon enough".
And I'm still a strong buyer, at the right price.
Thank you Anon.
I also understand why I wind some people up.
They don't want to hear the obvious.
As you know I have said in the past that the most likely outcome is production.
I still feel that.
But things have changed.
The book is more diverse with the CGP situation, as NCM and BHP will be diluted.
But I am now thinking a JV or sale of Cascabel is a possibility.
However we were talking about fund raising on 85% of ENSA, and a fund raise to go to production is much easier now.
I look forward to the next 3 months as we have the updated PFS for Alpala, the PEA for Porvenir and a fundraise to get us to DFS.
All the best.
Sean,
"We will know soon enough."
For a while.
And then, when we haven't sold further down the line, you'll still be saying "a sale is imminent".
:-)
Hello Quady.
While I'm firmly in your camp, I can also understand how you wind people up.
I much prefer to think RK and Sean have different viewpoints, that's all.
The truth is none of us are correct as it stands, except that it's in our favour at the moment because we haven't sold and don't look like it to me, hence we are currently going to production.
But I can readily accept that things might quickly change.
As for lending shares, that's obvious, but the question is to who and why?
I suggest you can't short SOLG on the open market, that's all.
Perhaps you can enlighten us as to why fund managers need to borrow them?
I think these are the sort of intracies that lead to the vast majority of us plebs not fully understanding how the market really works, as much as we might try, fwiw.
And it's exactly what leads to these "walked down", or "manipulated" type comments.
Good evening Anon
As usual Redknight doesn't know what he is talking about.
Securities lending is a normal part of fund management. They lend out shares for a fee.
Nothing to do with manipulation.
Just a normal day for a fund manager.
Now let me think what is it BlackRock do.
Ah yes fund management.
He has shown many times on here that he doesn't know what he is on about.
This is just another time.
You are quite right a sale is not imminent.
We will have some fresh cash via the merger hopefully.
But beyond that we are screwed. We don't have the money to keep the wages paid and the lights on and no one out torre is going to stump up the billions we need for production.
So, if you are correct we are heading for bankruptcy in the next few months.
If I'm right there will be a sale.
We will know soon enough.
RK, do you know exactly what "securities lending" means?
I'm not exactly sure myself, tbh, but I do know I've tried to borrow SOLG previously and have never been able to do it.
I suspect it's more about inter broker type arbitrage myself, but perhaps you can enlighten me?
As for a sale, how about if we sell in the next calendar year, we all win and if we don't (status quo) you cough an extra twenty quid to a charity? I could do the same in the event of you winning the bet, but that would be like you winning twice!
Sean, you'll have to provide some reasoning to that, for me.
We're nowhere near a sale, as it stands.
Do you think we'll raise required funds in the next few weeks?
Yes or no?
If it's yes, your argument has just imploded.
If it's no, fair enough, by your evaluation we should sell our holding now before it goes bump.
I'll take that bet anon...it will be taken over...soon...
Anon..if you look at the last BlackRock Holdings RNS it says s8b1 "Securities Lending" "Below 5%"...
We either sell or we face at least a decade of utter misery for shareholders, if not bankruptcy or at best a fire sale.
As somebody said earlier..you cant buy CGP in any size cos theres no liquidity...
Otherwise there would be an attractive arbitrage...
Sean, really?
Hasn't the company said it's going to production for numerous years?
Do you seriously think they're pretending and it's so obvious everyone knows it?
And if that's the case, isn't the company just a total joke, before you bother to read anything about it?
I much prefer to think that the company is genuinely going to production UNTIL someone comes up with a better, more profitable, option.
My money says that noone has come anywhere near coming up with any option, let alone a better one.
And whether you like it or not, you, along with many others are just going to have to swallow it for what it is.
Meanwhile, you've been 100% wrong about how this is going to be sold imminently and have been for how long exactly?
I just find it much easier to say I don't know what's going to happen, except we'll all make plenty and it's just a matter of time.
And I'd also bet that we won't be sold in the next year.
But I'd love to be wrong.
Shipright that is complete tosh.
Shares are shorted all the time.
Click on the link I put up and look at UK shares currently shorted.
Solgold is a small company compared to those being shorted.
It's tiny.
Anon3 going into production will bankrupt us in months.
If they announce that's what they are really planning, the SP will hit 2p. I doubt we'll get the chance to even get out above 10p if that disastrous day ever comes.
COV, yep, an easy way to think indeed.
Why would you want it any other way?
We sell = Multibag.
We go to production = Multibag, with divis or handouts further down the line.
I genuinely don't see the problem.
It's something you might do to manipulate a price 10 years ago.
If anyone believes a potential multi billion dollar project will not be subject to manipulation, they need more help than is available here
Covering all bases there eh anon , what an easy way to think . So at the moment you are correct , if we sell you multibag. How high is the fence you're sitting on?
I don't believe you've ever been able to borrow SOLG shares, so straightforward shorting has never happened, imo.
Synthetic bets (spread betting?) may be a different thing, but I don't see how they would affect the market price.
I agree with the low volume explanations.
Meanwhile I continue to add whenever I think it's stupidly cheap.
You usual suspects can keep arguing over how obvious it is that we're going to sell up.
Meanwhile, Quady and a select few (myself included) have been 100% correct and EVERYONE else is wrong.
IF a sale actually happens, I'm sure the minority on here will congratulate you all for being correct.
While we all cash in a multi-bagger.
In other words, why are some of you arguing so fiercely over if we're going to sell or not?
It's win-win as far as I can see, production or a sale.
I don't really care.
We'd do better to stop arguing amongst each other and just spread the word about how good an investment this is, imo.
CGP sp went from $2.60 Oct 7 to $3.20 Oct 8 on the TSX based on the friendly merger. Says alot about the deal or if your your a SOLG shareholder, bent over and fisted
Sorry DBW your talking rubbish
Shorting site to use below.
https://www.shorttracker.co.uk/
Also you can find sites for spread betting.
Unfortunately the best ones you need to pay for.