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.
If we have no takeover interest here now , then what is the future? Other than massive dilution , its looking pretty precarious to me.
For all the guys that were convinced of a deal incoming , it's fair to say you were all way off the mark.
Even RK has stopped topping up ffs.
It's really quite simple... if BHP and NCM don't like the idea of a $100m raise via Franco or Boliden etc then why not put forward an alternative? There's no point in chucking toys out of prams. That helps no one. My guess is that they have no intention of offering an alternative apart from a. cheap equity placing. If that's all they have to offer then it's time for them to accept that whilst a royalty deal is not good for them, it's better for majority of holders than a cheap equity raise and subsequent dilution. One alternative would be for BHP and NCM to come forward with $50m each which could be placed with them at 40p a share. That's cheaper than the 45p BHP first stepped in with some moons ago.
The fact all we hear is BHP/NCM don't want royalty deals tells me all I need to know. These two shareholders are not interested in seeing this company do well. They just want to see the business squeezed into submission.
Well not going happen. From what I hear there will be an 'alternative' presented to shareholders soon and it will require a vote at the upcoming AGM. Of course... voting certain directors in too will be part of the deal. BHP and NCM are likely to find they are not the only 10%+ holders in SOLG. All will be revealed pretty soon as AGM resolutions and all that fanfare will need to be posted out to shareholders at least 30 days before Dec 1st. Big news incoming and yes... the company has told you about it several times. It's called a strategic partner deal.
I could be wrong as things can change when certain phone calls have been had... but I'm confident it's going to play out well here. The only anxiety I can see if from the obvious posters that are sidelined or worried about being left behind when news breaks. The stocks at multi year lows right now. A return to just 27p is a 50% gain. A return to the PFS level of 36p+ is 100% gain. There's more risk on the upside (missing out on the rises) than on the downside. The latter looks well baked in. Could it go lower?? Of course it can but timeframes dictate that events have to happen soon so don't get left behind. Do your own risk assessment and invest only what you can afford to lose. Have a good night all.
Sharket one mention of streaming deals and Bhp are soon throwing their toys out....works both ways and that's the game.
I for 1 would happily see a large stream deal produced that would see us good for the next 18 months.
Not likely, but hey ho
As a comparison, GGP announced on August 19th that NCM wouldn't be taking up the option to purchase 5% of Havieron for $60m, meaning the business needed cash, and fast. 6 days later, it had raised $35m.
Oh you've done it now SharketMare, you've brought up the FAILED raise.
The Spectrum Kid will be along in a minute to put you right.
Good Grief !
smickster, we had a preferred method of raising funds, and had to pull it after our majors kicked up a fuss. I'd suggest it's them currently keeping us on our toes, rather than the other way around.
I can fully understand why BHP and NCM would not have been happy with another cashbox style raise. What I cannot understand is why we haven't gone down the usual equity raise route as soon as it became apparent that the preferred option wasn't a goer.
It's been approx 2 months since SOLG attempted and failed to raise funds (Berry St letter was published July 28th, we can assume it fell apart in the week(s) before that), and a month since the AFR started writing articles about how things are not good at the company (to which the company has offered absolutely nothing in terms of a response). In that time we've also lost Ingo, our CFO and Keith and Jason are on their ways out.
I think frustration and anxiety are the right responses to the current state of affairs.
Woody, that's more than we previously had.
Usually was an rns informing of a raise.
We are now exploring various methods and keeping our biggest shareholders on their toes.
The anxiety comes from lack of funds which is something g totally different.
May I respectfully suggest a decent pair of underpants for yourself. x
Appreciate the reply Quady. Atb
It doesn't cause anxiety if you don't read it or take it for what it is woody i.e a random post from an anonymous poster with no comeback because nothing depends on it ...
ONWARDS AND UPWARDS!!!
Fair question telegraphist50.
I have my phone with me most days, so when I have a quiet moment I post. Some days I don't have my phone on me, as doing things and seeing friends. I posted a lot more in lockdown and was over 500 posts in a 30 day period.
That was too much.
Most people on here don't post about Solgold, they just post about who's going to take them over, usually because of some broker note, which is completely meaningless.
So some days I post more, some not at all.
On going off topic, I despise rac.ism, abuse of women and people who shout far left and far right extemist views. I was brought up to challenge people like this. We are just unfortunate enough to have all these attributes in one individual.
I hope that answers your question.
All the best.
Quady, genuine question so please don’t take offence. You appear certain of the BoD’s plans for at least the next few months and have been consistent in your views for some considerable time. I therefore wonder why you post so frequently (average about 6 per day over the last 30 days)? Surely there’s only a need if something happens that changes your view? Just curious as many of your posts go off topic and draw many acerbic and therefore unnecessary responses. Just interested to know but fully respect your right to post whatever you choose. Atb
Smickster saying 'we are investigating various funding avenues' is useless and achieves nothing, it simply causes anxiety.
Lol !
Quady, you totally miss the point: We cannot do any of those things because we do not have funds to get into next year. The key questions are what sources of funds are being investigated, with whom and when are we going to get an update. Solgold has steadfastly avoided updating on these points, for years, result is nose dive in SP. Get your head out of your arse please. Filtered again, should have done it before.
Quite right Smickster, sorry I missed that one.
We are also exploring various funding avenues
I am guessing Fawzi is just frustrated as lots of people asking questions, to which we have all the answers.
We are doing the PEA for Porvenir, The updated PFS for Alpala and a DFS middle of next year.
What other information does anyone want.
Seems to me that we have all the required information available.
There's a big difference between us and Fawzi - we have a lot of our own money at stake. Mind you, that's also true of DC.
Some decent buying this PM.
Cheers, well the feeling is mutual Fawzi.
Ray, pretending he can't read my posts....
Life is very dull for you Ray Ray.
he responded to an email I sent him... nothing of any note regarding details, but he is clearly being bombarded with emails from unhappy investors and it shows
From where OrthernC?
Fawzi sounds as fed up with the state of things as everyone here
Or sell the thing ….. until it’s announced I guess we’ll have to follow the production mantra