Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
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People will want the solg brand.
Give me strength.
4 million stolen
Ceo sacked by share holders..
Cfo run for the hills after a fortnight.
At least 5 years of miss management.
Still looking for a French translater
Founder and large share holder of the company
Unable to sit in a room with anyone without picking a fight.
When will this lunacy end
Two big buys gone through totalling 730k
I didn't read it that way myself. I thought the TR alluded to expressions of interest and various parties etc but did not set out timelines so could have been historic.
If you recall, Mather said at the time of doing the Franco deal (or before it was pen'd) that he was implying they had interest to fund up to $1bln with ease.
Many dismissed this as a bit of bullish bravdo but I think from 2022 onwards, the likes of Franco have been interested and clearly want more.
The Franco deal initially scoped out a deal of $150m with SOLG doing $100m and then having the $50m available to tap at latter date at 0.5% royalty cap. Hence DC went straight to that viable option in 2022 as made perfect sense. Little did DC know, Bob was lining up a more expensive 0.6% deal with his buddies at Osisko.
The rest is history... but it wasn't DC that upset Franco or caused issues... it was Bob that did that.
We had 0.5% for $50m ready to go with Franco... so came as a shock to see Osisko get it for 0.6%. But I guess is Osisko are chinese connected as many believe... then it tied in with the rather generous 16p placing Bob also gave them. Bob's also gone one further recently by gifting them a fly on the wall seat on the board. So we can only hope that Bob's efforts to please the chinese leads us all to riches.
Swanley,
Total Resource Value - £117B
Total shares in circulation - 3B
Percentage of takeover
1% = 39p
2% = 78p
3% = 117p
4% = 156p
5% = 195p
6% = 234p
7% = 273p
8% = 312p
9% = 351p
10% = 390p
Rule of thumb calculation for takeovers:
1. Market valuations range from 1 - 5% for assets pre development.
2. Market valuations range from 5 - 10% for assets that are being developed and or are operating.
My opinion is that we should accept nothing less than 4 - 6%
Watch the climate deniers increase their rubbish chat to push this post onto page 2. Quady will have an aneurysm when he sees this post. Quady is here to dilute discussions of a takeover. Why?? Because its happening and someone doesn't want the share price to spike!
Don’t start again, you ruined it for everyone yesterday with the nasty insults
Keep them to yourself and talk about solgold
Again Slug you don't understand what you read
I never said the world doesn't make sense.
I said it doesn't make sense to you, because your beliefs are false.
You are the problem not the world.
This is my last post on this subject as people on here want to talk about Solgold.
You’re right the world makes no sense but that’s because you’ve all gone bat crazy
Strategic review never happened what is there to review? Sell it or sell it
If you think this motley crew can build and operate a block cave mine then I’m afraid you’re a sandwich short of a picnic
Slug it must be awful being you.
The world make's no sense to you.
You have conspiracy theories about all aspects of life and even more mad, you think by spreading lies you can convince others.
This announcement has confirmed that Solgold is going to raise, spend and build Cascabel.
We are just awaiting the strategic review, which you said would never happen.
You also said that this latest announcement would never happen.
Sorry, I need to clarify my comment. We have credible expressions of intent. Not quite the same as actual offers, but on the face of it almost as good.
Q, I suspect you may have missed mog's post which gave details of funding news contained within the TR? (I gave you a hat-tip for getting it right)
It's been revealed that we have potential funding, both long and short term, from at least 10 separate parties an have had so for some time. The question which arises from this excellent news is, why haven't we taken any of them up? This in turn has led to speculation that funding is our back-up route and now that we have access to funds, our negotiating position in sale discussions has been strengthened immeasurably. It should be noted that was no mention of any sale or jv discussions in the TR, but then again there wouldn't be as they're not relevant to that particular document.
I apologise if you had seen the post, but I'm assuming you didn't because you didn't comment.
Learn to read properly. It’s a commitment to spend $3.2bn on cascabel not a commitment to raise that money by solgold
Possibly through selling cascabel, solgold, commitments and all to a new buyer
Why are people talking about being sold.
Doesn't anyone read.
The news we have is that Solgold are going to raise 3.2 billion.
Possibly through JV, loans backed maybe by government.
Who knows, but nobody is talking about Solgold being sold.
Same old people twisting news.
Brand? What brand? Outside of investors nobody’s ever heard of it
As for the community stuff anybody can set up a chicken shed and a bakery
Almost done, it will probably go down depending on how many have jumped on the trend.
For sure if I buy in tomorrow morning at 8p it will drop to the 7s.....i seem to have magical powers that I don't really want.
Any buyer will want the SOLGOLD brand as it's embedded into communites. I'm not ENSA will carry much weight.
Based on Bob and Irwin et al wanting a clean exit as that's how they get a full pay day... it's SOLG lock stock and barrel sale imho. Still room to do a regional deal or hive off a few blocks before a full sale is done etc. That would make more sense as would allow Mather to head it up and carry on as before... and find another Tier1 asset. That's the sensible thing. Otherwise.. 60 odd licence blocks go for almost free.
As I understand it, if they sell Cacabel thee is an Ecuador tax liability whereas if they sell Solgold there is none...
However I'm wondering if there is a way to sell the company with an agreement for a new 'shell to reacquire the prospects the buyer doesn't want rather than them have to fiddle around selling them off piecemeal...?
We know Franco and Osisko are already involved in royalty deals totally $150m. I think Mitsui and a few others would like a slice too. Ironically, Newcrest (or now Newmont) had deals with Lundin on Fruta del norte but think Lundin paid these back or a portion of it.
The difference is Fruta del Norte was producing so payback was quite advanced.
Two things to consider with stream and prepaid deals.. 1. The stream deal ranks ahead of equity holders and 2. Super majors do not like them one bit!
So should SOLG reveal a plan to finance Cascabel via stream deals, then I would expect a buy back clause in there so super majors can reduce impact of any signed deals and cash advances. Ultimately, it draws out a counter offer or bid situation.
Of course, it could involve a mix of entities. The benefit of the reduced capex of circa $1.5bln is that it could see $500m from Osisko, $500m from Franco and $500m from Mitsui... but I'm guessing these guys will not want to be carrying the can for $1.5bln so you'd expect a key partner to be involved like Valuestone or Jingxi or CRCC Tonguan etc. In that event you might see less from streamers/royalty deals although I reckon Osisko are as good as chinese in my book so it wouldn't really effect them but it would upset BHP or Barrick et al.
Looks solid enough 91v79 and 3:2 on volume
Is the share price at the point of being taken back down, or will today be the exception and hold.
Firmly bid for 500k at 8.637 vs a quote of 8.1/8.68
What are people's thoughts on the value of Solgold as a company if bought out - with all its other tenements in various states vs value of Cascabel if hived off? My view is that they'll say that they're going to production, but really they're looking to sell the whole company with an increased price to include the other tenements which have a value (albeit not proven up yet).
At 3% of metal in the ground, Cascabe, alone is worth almost 180p...
Agreed, this resource is so significant, it's never going to be allowed to fail. The value is already there. Now it's just how it plays out.
Anyone can have my shares, but they'll need to pay me at least 75p each for them :)
I truly can’t wait for that. Wake up one morning see the share price to the moon and skip to work smiling kerching
Also agree with comments on this subject. I have no issue with shorting it in itself. Put on your position and then go away until you realise your gain or loss. My issue is with an unlevel playing field where a party with DMA access and capability to undertake algorythmic / high frequency trading does so with the express purpose of manipulating a share price in pursuit of a wider commercial objective - such as forcing financial challenges to then be able to take control of a business at a forced price to the detriment of other shareholders/investors.
How many parties are doing that here? Is it one / two? Who are they? Why are they doing it? Are they a potential suitor? If the answer to these is yes is it legal? And if it is not, why isn't it reported and investigated?
Rant over.