Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video 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.
Well done to all the experts here...
Rain coming today, tomorrow apparent cloudy.
14p coming
Sadly 10p written all over it imo..
smick, that's not how I read it at all. Someone was falsifying expenses and covering their tracks by capitalising them. What we don't know is who was doing it, but we do know who carried the can. Nor do we know what steps are being taken to pursue the cash.
the strategy was to have got the funding away before the issuance of the accounts and I'm 100% convinced the idea was to do a deal with Boliden. This would have avoided having to make such a detailed Going Concern statement, which companies really don't enjoy publishing.
BHP/NCM pushed back and have demanded an equity deal which, as yet, has not been sourced. The question is, what have BHP said to the company? Have they said go ahead and we'll stand our corner, or are they playing hard ball? At what stage does our board ignore them and push ahead with whatever's available? Indeed, given market conditions, which DC highlighted, are the debt and equity markets closed to us?
If the latter is the case, the company has only two options: a new and significant strategic trade investor (they tend not to be as swayed by short term market conditions) or, a sale which would be conducted with our backs to the wall - although I remain confident we could negotiate a reasonable price.
The failure to raise cash has put us in a very exposed position and it's easy to understand why this has happened and who is responsible. As Berry said, our board failed to listen to shareholders and is woefully naive about capital markets.
MD & A is on Solgolds web site Red
https://wp-solgold-2021.s3.eu-west-2.amazonaws.com/media/2022/09/2022.06.30-MDA-2021-to-2022-FINAL.pdf
High cash burn, Company will need to secure further funding to meet the Group's 18-month future exploration and working capital copper gold both in downward spiral Al no expect copper recover
Never invest in Peru again Red list nearly 20k on pgd gold explorer
BHP getting closer...
https://www.kitco.com/news/2022-09-27/Miner-BHP-wants-to-expand-presence-in-Peru-says-executive.html
Like many explorers smickster no issue there cricket you want to see some other explorers current debts in millions!!!
Angels on the head of a pin...
MD&A still to come by COB Ontario tomorrow...
Red thanks for link copper in huge demand
Looks like accounting mistakes as opposed to someone fiddling?
This misappropriation resulted in the overstatement of our exploration assets by US$4.6 million, with the associated false expenses having been capitalised in-line with SolGold's accounting policy. SolGold concluded that it was appropriate to write-down the value of these assets accordingly and restate our financial statements. The profit and loss impact for the year ended 30 June 2022 amounted to US$227,846, reflecting the fact that most losses were incurred in prior years.
Give it rest Quady.
Jason Ward $330k+?? Seems excessive compared to other directors. Twigger $110k for what? It's the chairmans job to make sure all are aligned and he's the go between for large investors and management when things get dicey. Did he go missing in action or fail to understand all shareholders interests when discussing or testing the market for funds??
Some eye watering sums being spent and yet very little being delivered outside of the PFS.
$35m spent on Tandy... mmm are we to expect an MRE on that one?? If not... how did we get an MRE on Porvenir based on less spend??
Not a problem raising funds imho look at the assets !!
Correct Shipright, the fund raise didn't proceed, so it never took place.
Maybe now people on here will accept it.
It's a bit hit and miss copying and pasting on my phone
the Directors expect that future funding will likely be provided by equity investors, debt funding or via other strategic arrangements.
With regard to funding, this was addressed in the RNS from 28 July to clarify to the market that the Company had engaged with investors about potential funding but did not proceed and that the Company is progressing funding options. We are very confident that we will meet our funding needs and deliver on the upcoming catalysts that include the Cascabel PFS Addendum and Porvenir PEA
I am happy to buy more
Or existing shareholders and happy to buy more if needed sure there's others who will aswell IMHO
Correct ship as soon as possible number three RNS soon imho clear up this funding issue ,what an asset to hold here imho for any investor or institution or conglomerate