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.
Because Bozi, they are the only person I have filtered ??? green box appears No ??
Next question Bozi,
but can see that you've poked the hornets nest again Lolzzz
lets not squabble over Tiny d-i-c-k as they need to feel loved and put on a pedestal constantly
Respect to you as always bozi as a genuine good holder
He's just pretending. Its ok...
How did you know Novice - thought you'd filtered him?
Going to be interesting.
And as if by magic Bozi, you have rubbed the genies lamp again Doh!!!
ahhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh
Karma shmarma Bozi, what are you talking about, no one gets on my nerves its t'other way round Bozi lolzzz, and I have since taken advice and filtered the goon. (42 posts yesterday alone I see as they single handedly to on all comers on this board)
Other than that what I have posted has no bearing on what happens to this stock !!!
anyway topped up again this morning, too good to miss
ONWARDS & UPWARDS !!!
Glad to see you believe in karma bozi, its very real.
GL
The FTSE100 is up 3% YoY yet looking at the commodity sector and miners you'd think it's market carnage out there.
All is fine across markets in general. It's not as doom and gloom as many make out and inflation is likely to peak in next month and then start falling.
The sad state of affairs on SOLG is that even at 17.6p range, the volume is pony. Not even 600k traded. Even red knight could account for that in a trade or two. It's bonkers. Makes no sense at all.
Well I can only speak for you Novice - but trolling the POLY board is now dealing you and us all by association a great deal of karma.
Maybe just keep your own counsel a little bit more instead of looking to wind up whoever gets on your nerves.
I'm out good buy and good luck all
And in the meanwhile EUA jumps 38% on no news !!!
What have we done to deserve this ? ;((
Should do, it's been at 17.94p for about 10 minutes ;))
probably but it looks like it has got going lower written all over it at the mo
today? It's close.
Quady, maybe you could explain what 'book' you are talking about? Havieron is a mine not a company. GGP has a book that is so much more diverse than Solgold. Do you think Wyloo will allow NC to go hostile?
Colonel, just to update you on some of the numbers. GGP has said the volumetrics suggest at least 20m ozs of gold and copper is about 20%. (There are some who are saying 30-40m ozs and have the calculations to prove it). Byrnecut are about 40% of the way down the decline and will reach the ore body in 2023.
Sorry to be off topic but just wanted to correct a few errors.
No one has ever suggested that the Alpala deposit isnt so much bigger than Havieron on a resource basis, but where is the plan to get it mined?
https://www.lse.co.uk/rns/SOLG/regional-exploration-update-porvenir-4y2igpm2cqp9qbo.html
I am left wondering why Wyloo chose to invest in GGP and not in Solg with our depressed share price…. Surely there was a deal to be made if they were looking to invest somewhere…. Unless, just maybe, they choose to also make an investment here too?
Agreed addicknt, and I don't think the current management team have the credibility with money markets in order to secure it. My preference would be to recognize that Cascabel is simply too big for a company of our size to go-it-alone, and to sell it to one or both of our major shareholders. Use the funds to continue exploration across the rest of the portfolio. Rinse and repeat. Perhaps find a smaller project (e.g. Porvenir) and look to develop a mine there to generate regular income over time.
Well done on GGP!
SM, surely the point is we've retained 85% thus far, but we don't have the cash for production. In order to get that money (if it's possible), we too would have to give away a similar percentage.
GGP gave me the biggest single return I've ever had on a publicly quoted share and I count myself very fortunate...it would be great to repeat the trick here...but it won't happen if we go down the production route.
Hi Novice, GGP was considerably overvalued (in my opinion) throughout 2021. Shaun Day inherited a business with a dwindling supply of cash, and a complex, unfavourable agreement with its JV partner to resolve. The business is now fully cashed up to production, has somehow managed to avoid having to give away a further 5% of its world class asset, and has appointed 3 highly experienced mining executives to its board. I mistimed my entry and bought in first at 15p, but followed a strategy of buying in tranches. My average is now just shy of 10p, so I'm underwater, but fairly confident of a positive outcome over the next 18-24 months of holding. The path to production is clear and the GGP position vs NCM has been strengthened considerably with the addition of Wyloo as a strategic investor. I think the future is bright.
Comparing that with the progress of SOLG, who appointed DC in Nov '21. We have delivered a PFS that saw a decline in SP post publication (people buying the rumour and selling the news I imagine). We have as good as halted all new exploration activity. We have attempted to raise funds in a way that was so offensive to our two major shareholders we had to withdraw it. We have sacked/lost the person responsible for raising funds to supposedly develop and build a mine at Cascabel. We have lost our CFO after 6 weeks or so, and we have made several 'key executive' appointments, from whom we have heard very little/next to nothing (a genuine question - what are they currently doing?). Not to mention the fact that we are going to need to raise funds at some point fairly soon.
Objectively, it's not been great, and the short term outlook isn't good either.
On the plus side, we have managed to retain 85% ownership of one of the biggest copper gold finds of a generation. It's now up to the BoD to work out how we can effectively monetize that asset and deliver some long overdue returns to shareholders who have stuck with the company throughout all of the above. The problem is, we're all left scratching our heads as to how the BoD intend to do this whilst keeping BHP, NCM, CGP, and Nick Mather all happy (I personally don't think this is possible).
Sharket is spot on.
Shark, Performance metrics over the last year apart from this week do not indicate that at all in fact SOLG stronger across the differing timescales, so not sure what you mean
Ortherncopper,
I'm a GGP shareholder now after waiting many moons for reality to align with the sp and present some decent value. I wasn't lucky enough to buy at 1p before the exploration success and applaud those that got in early although not those that still held on after the 37p+ spike ! But guess what I am saying is that there are phases through exploration and development which suit different types of shareholders. Some will be happy with buying loads of SOLG at 32p+ like Valuestone, Blackrock and Norges. Pi's tend to be the opposite and rather than build positions, they go 'all in' and then often 'all out' as you well know.
But can we stop applauding GGP for achieving full funding and bashing SOLG for apparent failure to fund. They are pl;oes apart and GGP's recent funding was POOR in the context of the overall GGP story. Hanging onto just a 30% stake is POOR too. But that's the way GGP went. SOLG have gone another way. Retained 85% (less recent royalty) and are debt free (no bank loans). Now here's the bit you need to acknowledge... SOLG got away $178m of funding with $78m equity raise at 26p levels and 32p along with $100m from Franco. There was no giving away warrants. No massive dilution or capital raises at share price lows like GGP. There was no major lining of pockets on newly appointed staff (to the level of GGP).
So last and final point... GGP have raised potentially $340m+ inc bank loans and are fully funded. But that's based on 30% of the project and some exploration across folio. It's not $2.7bln is it?? SOLG's challenge is about 9 times that of GGP. SOLG have around (roughly) 20 x the gold resources (as mine plan) that GGP have. Buckets loads of copper that GGP don't have and yet both companies are remarkably valued at about the same market cap today. And that's before GGP's dilution hits post EGM.
So lets keep it comparable. SOLG are a 'proper' Tier 1 asset holding company. GGP have a minor slice of a very small tier 1 if at all tier 1 asset.
You are comparing a 2 bad flat conversion project with a tower block development. SOLG are finding out the reality now of the project task ahead (after all the talk) and we know that it has to be resolved soon or else Lasso et al will be asking for some licence blocks back and starting to create red tape rather than cut it. He needs Alpala moving fast ahead of Ecuador elections in 2.5 years time.
Thanks for sharing Stocky. I think the glaring omission from the comparison between SOLG and GGP is the former holding on to almost all of its Tier 1 asset, while the latter gave away 70% of it in order to move at pace towards production, and share the cost of funding the project.
It remains to be seen which of the two approaches will prove to be more successful. At the moment, I think it's fair to say that the GGP approach has delivered a better outcome and rosier looking future for shareholders.