George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. 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.
look, another perspective. what is the worst case here (including losing it all)?
And the presentation on page 3 talks about
"Strategy : Applying the Cascabel blueprint for further discoveries in Ecuador" - yet they have stopped exploring.
Actually it includes a very much revised presentation, but adds nothing...
Meanwhile the website is still advertising last week's Denver conference...
Who's at the wheel...apparently minor errors indicate that people have lost their motivatiobn...
Thank you addicknt.
Q, this was a Reach announcement not an RNS. It's for guidance/interest as is not a regulatory requirement.
addicknt, the clock is ticking and just over 4/5 weeks left before the AGM resolutions need to be put forward and shareholder informed. It will be November in a flash and AGM in DEC. October always flies by. Must be a daylight thing!
We are as they say finally arriving at the sharp end that we've waited for so long. Some might say we are in a shabby state. Others might point to the fact that we are approaching a very robust and likely uplift in the PFS which is a defining moment in the companies history.
Plenty of ways to loo at it positively and negatively but one thing that is impossible to ignore right now is the markets in general and the plonkers that are running the government. The latter seem on a mission to line as many rich folks pockets before the next election as they know they are OUT then. You'd think after they lined all their covid related from buddies pockets, it would have been enough... but oh no... they want more!! Lets just give away $50m to some ferries firms that we have no intention of using? It's just a contingency!!
RNS are released because of regulatory information that needs to be disclosed.
I struggle to see any significance to this RNS… there is no information in it…
To me this smells of a desperate need to release an RNS containing something, anything, to be seen to be releasing an update… very odd.
I've not been able to keep up with this board much recently and tbh the incessant name calling and nonsense doesn't help... But I think I saw a post from you the other day Redknight that I very much agreed with.
It has been obvious for some considerable time now that the everything bubble was going to unwind hard; inflation was of control and was going to result in some large "after the horse has bolted" rate rises from central banks; that these would cause equity markets to tank; that the dollar would continue to rise and trash everything in its path; that PMs would struggle as a result of the strong dollar; and that all in all mid 2022 onwards would be an absolutely dreadful time to come to market looking to raise funds just to keep the whole show on the road.
Forget securing the funds to construct Cascabel, the company has to get to that stage first and I think it's an absolute howling own goal that they didn't raise funds earlier this year when the SP was up in the mid 20s. If they had Solg could just keep its head down and carry on executing its various exploration and study milestones and ride out this macro storm.
As it is they are running out of funds, exploration has ground to a complete halt, execs have left and they are going to have to raise $50m odd at some atrocious price in the low teens. Which basically means a much bigger dilution for us than was necessary and for many of us our investments firmly anchored under water now.
They should have just proposed an equity raise that was acceptable to the major holders even if it did risk BHP and NCM gaining a few extra per cent of ownership. By trying to be too clever with a cash box raise to manage major holding levels, they have potentially holed themselves below the waterline. It wasn't worth it.
This is a visit for analyst's and institutional investors.
Analyst presence to me means that they are doting the I'd and crossing the T's .
I don't see why analyst presence would be present at the beginning of a fund raise.
This is something else. Maybe we are looking at the first assessment for the Alpala build.
It could be the updated PFS is finished, but now the sanity checking is taking place.
Seems ironic that in the final picture, about communication, six people are looking at their phones or talking to each other while the presenter is talking...
Ouch!
On it's way.
I agree Steven...perverse or not, there is a correlation between the SOLG SP and POG....
Fort, the one part of my post I would have picked up on is my assumption that BHP/NCM are onside. In fact, it could mean the exact opposite and this is an F*** You gesture by DC. Who knows?
Fort, if we did we wouldn't be doing this site visit.
Incidentally, in the normal course of events this type of potential investor interaction would be for the purposes of persuading people to invest in the market, however, that's not the case here. No one will buy in the market when they know a fund raise is just around the corner.
Expect another RNS shortly imho gla
"we do not currently have multiple options for financing"
I'm not sure I would arrive at that conclusion? But in theory they did a site visit for Boliden .... then it would make sense to do a site visit for II's too. Otherwise that's not being very balanced is it?? Also, 'analysts' are included so that acts as nice bit of PR too which one would hope wakes up this market to the full potential of Alpala. Interestingly, the presentation has DFS finance starting in Q4 2022 so that would suggest that they might be looking at getting the main catalysts out there in Porvenir PEA and PFS2 and then doing full DFS raise which would act as a full 12month finance package.
All this has to happen before AGM imho but likely (as I hinted before) that it might require a vote at AGM if strategic partner brought in.
I see this as a positive, ii’s is something we all have been hoping for, if they are turning up then that is a very big positive to me
RNS say’s (SolGold is pleased to host a site visit for analysts and institutional investors at its Cascabel project in northern Ecuador on 26 September 2022.)
They won’t be turning up just for a jolly imo
It's good news they've persuaded people to go all the way to Ecuador, but what this tells me is this: we do not currently have multiple options for financing i.e people already lined-up and ready to push the button, and in fact are still in the process of trying to get investors interested.
We went to market and, for whatever reason were rebuffed, and now we're back to square one.
I don't see this as a negative because it would indicate that we've got a structure in mind that I think we assume has the blessing of BHP/NCM.
Price gold killing share price value,
Looks like we spent $1.5m on CSR related activity in 2021. I wonder whether that has been curtailed this year along with our exploration programmes. For context, we've spent just under $4.5m on CSR since 2013. Big ramp up in 2021 it seems.
But not the one we are waiting for.
nm
Is this still going on? Get a grip peeps
the overwhelming majority of us on this bb assumed our fellow posters were adults. Just goes to show how wrong we were.