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.
Hi fort
Volume a bit better
Solg tweets like London busses
https://twitter.com/solgold_plc/status/1750935169023025395?s=46&t=XX3-iZapJ1HaXMFlnE7nKQ
More and more seeing this as a gold play as much as copper
Over 5 million shares traded (not huge but above the norm) and in a usually volatile penny stock, it closes at unchanged.
The odds on that are close to zero but if someone's determined to keep a foot down on SOLG... then that's the kind of closing sp events you can expect. The VWAP should be pretty irrelevant here as any offer/bid should be made on the asset worth not the markets inability to price the share price etc.
There * not the!
Price of lithium has dropped since that bid for Atlantic and the was until this week issue around Ghana exporting lithium plus current market sentiment generally to commodities. all not helping.
Food for thought: Atlantic Lithium (ALL) have had 2 low ball bids rejected at 33p and yet current sp is hovering around 21p and has been for awhile ....there's no doubt, imo, price is being held back here, there and everywhere!!!!
Cheers
HFH,
China will take Solgold on, as you mentioned, they have an agreement with Ecuador. They have agreed with Peru to build a large sea port/Hub about three months ago, the Chinese have just agreed an understanding with Colombia, nice part of the west coast with much mineral resources and agriculture which they are after, playing a very clever game imo.
ATB
Decent volume day for a change. Not sure how the bots are doing it but someone seems able to scopp up over 1m+ today and over 1m+ the other day without the price moving a jot.
Amazing accumulation work by someone - at this rate they could have snaffled around 100m shares from bored or frustrated investors over the last 3 months at sub 8p.
Aquinaga, I wasn't responding to you specifically. The "Muppet" epithet was lovingly directed at me by BBG, the time travelling poster.
Of course I know that selling a tier 1 isn't the same as selling a house. I was merely trying to make a point that perhaps if our relationship with BHP was better, it might have been us instead of Oz who BHP spent their money on. I think I can safely say that everyone of us here would have been over the moon had they made a bid on us instead of Oz.
Like Highflyigman, I have not had the courage to tell my wife the current pitiful state of our solg investment. I am sure I would be sleeping in the car and not the sofa if she finds out!
The most important event in recent years for SOLG was the investment of Jiangxi, the largest copper producer in mainland China, who also have Gold and Silver in their portfolio. I believe China want virtual world domination in precious metals. They are already close to Russia and although they failed in Greenland due to their links with North America, they largely control Africa (despite KoBold recently investing $140m in Zambia) and they will wany to control South America as well. They have a free trade agreement with Equador, and have already lent them $15bn and maybe a coincidence have recently met senior Ecuadorian officials. Just my personal view but I don't think they'll want this asset to go anywhere but China, so that's where I think it'll end up.
Oops hadn’t realised it was that big a claim! Well a tenth of that would be amazing! 😍
"If they went head to head with the Chinese ( state ) hopefully they’ll add the competitive tension we require to achieve a decent price" and Dreamboatwarrior, they would make a good profit on their holding. Hope BHP are reading this board and noting the win win scenario.
The overall claim is for $43bn. The Moral Damage component alone is $9.7bn. So your suggestion seems about right to me!
Well they can always sell their stake to the highest bidder to cover the cost of the dam claim!
I wonder how much BHP will end up paying for the dam disaster? Will it all be covered by liability insurance, or will they have to dip into their own pockets?
Ddw agree though I’d have to hold my nose if the Chinese buy us out with the world politics as they currently seem t be
Aq….. assuming BHP are still interested in buying Cascabel ( or the lot ) I don’t think they’d have much chance if they went head to head with the Chinese ( state ) hopefully they’ll add the competitive tension we require to achieve a decent price
Eloro I don't belive with billions of pounds at stake the relationship has much bearing on it
They would look to take control and cut the rotten bit out
Global trade and political unrest are the reason for our curant position
IMHO
Ps never called anyone here a muppet
Buy a house is just not the same as buying a tier 1 asset.
If selling a house to one buyer you are right a good relationship is best. But once in an auction phase and you want t sell to highest bidder you don’t need friendship.
BHP etc will bully their way to buy at the cheapest price using every dirty trick in the book. Think we saw evidence of that with a ceo!
Perhaps we only want Solgold to go to a good home and family? Business on this scale isn’t like that unless you see us going to mine with them in partnership. Currently I don’t see or want that.
Well, being a "Muppet" I don't have all the answers. But from a layman perspective, if you are going to buy a house, would you buy it from someone you have a bad relationship with, or would you buy it from someone you have a positive relationship with? Generally, buying a house via the estate agents, you don't know the owner of the house. But if after you have viewed the house, relationship between you and the owner deteriorated, would you still be inclined to go ahead with the purchase? I would not. BHP bought Oz instead of us, that said it all for me. Perhaps if we had a good relationship with them, it would have been us instead of Oz. Our we don't need them attitude has left us still on the shelf hoping a buyer will turn up. So how is that we don't need them stance working out so far? SP suffering for one.
Sorry it was more a general point that seems to get repeated by many that we must appease BHP etc, we don’t.
We have been able raise cash elsewhere but not to BHP liking.
BHP will play dirty tricks to get us as cheaply as possible. They are not our friend unless the come with a large cheque!
I didn't say we did, I was merely pointing out the AGM result, which suggests a better relationship. And bear in mind, when SC took over he said he wanted to repair the relationship. Life is easier without a large shareholder breathing down your neck.
Why does it need repairing?
If they want to buy us the will want to do this at the lowest price possible. With the size of resources many dirty tricks will be played.
Try to keep them on board but don’t pander to them. They are not your friend . They want it as cheap as possible, it’s as simple as that. If someone else also wants it great, then butter them up to push the price up that’s when you want to be their friend.
Currently who cares if we upset them. They only got upset because we weren’t going t play their game of get us for the lowest price.
As I said in my post - they didn't vote against, which they did with Mather et al.
SM, no, I will continue to post my thoughts and observations. You don't like them, don't read them.
I do not believe that the relationship with BHP has been repaired. Last year I was informed that if we voted out the BOD, then we would be playing into BHP'S hands. That statement indicated to me that the BOD still regard BHP as a threat and not an ally. I still have that email which I do not have permission to share.
Where is your evidence to support your assertion that the relationship with BHP has been improved, made better?