The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
DBW ...yep hopefully
Hopefully see the MD&A this week too
At last, now I can see how Solgold is to go forward, if this doesn’t stir up the hornets nest then not much will.
Wish the lady well in her role, hope she’s one mean mother in the nicest sense
Atb
Portfolio is a sea of blue today and looking far more positive, hopefully a sign of things to come !!!
Smart thinking Colonel but as I've said before...do an IPO of Green Rock...
She's got the pedigree to lead that.
You back with us Ray? You left in a huff last night. Which is always cheaper than leaving in a taxi.
CD, your 'best way forwards' changes by the day. I'm not sure who you are trying to convince anymore, other posters or your own self.
Well done pad...
Number one and number 4 in the global initial resources for 2021...
Cant not be noticed...
Using the term "conspiracy theory" incorrectly is a classic midwit tell.
All I can say is...at last...
Only 18 months for a prospective major miner without a CFO...
Ingo has done a sterling job but can now focus on bringing home the back.
Thanks Ingo.
Indeed cooper....we are only crossed the half way line of this long long snake and ladders journey mate....as such some key positions as to be filled with top experience guys.
GLA
Quady
I was simply being conservative. We both know that these projects can go over budget.
In any event, £2.22bn or £3bn. It is a very challenging amount of capital to raise.
I know you have always been convinced that we would go to production. And you may very well be correct. All credit to you - You have never shifted from that view although I had hoped we would be bought out by a major.
Knows exactly what she is getting into here! She has great pedigree and more beside. Ignore all the negative mood music. Take a break and just drop in here briefly a couple of times a week. This journey has a long way to go!
GLA.
One must assume that the incoming CFO has performed her own 'DD' on SOLG and finds the risks/rewards of employment here to her satisfaction.
Have to say it's about time we had the appointment and I wish her well.
I'm more relaxed today than I have been since the PFS arrived.
Agreed Sean, think I'll wait for 15p
Agreed Sean, think I'll wait for 22p
Timing never was our great strong point was it?
So unless the new CFO is going to pull some mighty big rabbits out of the hat in her first week, we are stuck in limbo re. a placing etc.
If we are not rescued by a bid this summer looks like we'll have a tsunami of dilution on the horizon. The PFS should have raised us up to a permanent rerated level at 40p, yet the BoD have managed to put us back on the same old SOLG white knuckle ride. If it starts to look like we *are* heading into the quagmire, 19p wouldn't be off the cards anytime soon. Frustrating, but we could be very near the happy ending and none of this noise will matter.
I think FN would like to throw some cash at that 2.2 billion. I don't think raising the cash would be a problem for Solg.
The part I ponder on:
Incoming CFO Ayten Saridas said: "It is a privilege to join SolGold at such a crucial time in its journey. SolGold has a tier one asset with global significance and I look forward to working together with Darryl and the Board in delivering on the company's growth plans and reaching the next critical milestone."
So what is the next critical milestone?
Morning all
:)
David it's not 3 billion to get Alpala to production.
It's 2.2 billion.
And yes of course it can be raised.
I think the one thing we tend to overlook is the commitment which was given to CGP to create shareholder value. This was made over a year ago and so far the company has not delivered.
The question is, how long will it be before CGP start stirring the pot again? Or has our board laid out a very clear plan which is keeping them quiet?
Damers/CD
I am not convinced that pursuing any policy, the crux of which, is to unsettle our largest shareholders is to our advantage. Pursuing an IPO is an arduous process and whilst the new CFO is extremely able, it could take many months to get it away. We will nearly be out of cash in 30 days time.
We are also looking at timescales for an IPO when financial markets might be substantially weaker.
BHP need to do nothing except watch. Solg has to make all the running. We are a £600M company looking to raise £3bn minimum for production.
Again for all those individuals who said we are not appointing a CFO because we are being bid for, has been shown to be just another conspiracy theory.
The reason we have a new CFO is because Solgold have been straight with us. They are going to build Alpala.
No doubt the great uninformed will now devise another conspiracy theory as why a new CFO means a bid is imminent.
I will sit back and muse the ridiculous conspiracy theories that now emerge.
CD, it would depend upon how the share ownership was structured. If existing holders were given a pro-rata holding in newco clearly BHP and NCM would have an identical holding (this route is quite common for spin-offs), however, the situation becomes more complicated if SOLG plc own the shares and there is no pro-rata distribution. In my opinion, if the latter route were to be pursued it would be game over as there'd be a furious reaction against the arrangement.