The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen 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 guys, is there any particular reason that the share price has tanked this last few month. Is it due to the unrest in Ecuador? Is the army involved or who exactly is at war and what’s it all about? Thanks in advance
Eloro, have a listen to the middlekoop video i think it was ortherncopper posted earlier
He speaks a lot of sense and he suggests the turnaround is any moment now and probably q1
Everything he says is spot on. Also we have two year swaps under 3% now so it’s clear internet rates will drop quite fast.
Unless WW3 breaks out (and we have to conscript Quady to bore the Russians to death), things will start to come good pretty soon
Hold, top up
A polished tarnished blade is the most valuable.
Eloro , regardless , you're a bore and very depressing. As if the sp wasn't enough pain , we have you're sh*te to read .
Thank you 1984.
There is a Klingon saying Ship, one cannot tarnish a rusted blade. I cannot trash a company which has already been trashed by the dismal performance of the ceo. If positive posts were all that are required to make the SP aright, the ramping from so many here would have gotten it to the £1.20 being bandied about here so frequently. Why don't you ask BBG why he is trying yo pass off a 2 year old article as if it was published yesterday? Trying to ramp the SP.
He can no more “trash the company” than any of us can on here. Posts on LSE have exactly 0% influence on the share price of this stock
Eloro, can I ask why you think trashing the company is good for anyone?
"The Japanese are my bet - Mitsui"
If it was I who posted this little ditty, I am certain that the self-righteous bundles of pomposity would have me tarred and featured by now 😆 Clearly only ramping is allowed to go unchallenged here!
Byron Bay Gold, if the deafening silence is over, I need to have my ears checked!
With hearing aids charged - sadly still just nothing but golden silence!
I rest my case!
Willem just done a new interview… worth a watch
https://www.youtube.com/watch?v=5qelnyR54s4
“or I'll be in for the night of my life”
So long as she doesn’t find out …. All good
Must admit, I did find yesterday's tweet interesting. Why state this to the world on Twitter now? Is it the start of a more concerted PR campaign to raise the profile of Solg and it's assets? If so, why now?? Might just be as simple as a bit of PR pre PFS 2.0 but hopefully there's more to it. God knows with this lot, but either way it 4p or 40p in the next few months and my wife will either kill me or I'll be in for the night of my life. ;-)
BBG, any post can be seen in another browser where a member doesn't need to log in. The filter only work when logged in. You clearly reading my posts. Why would a poster sink so low as to post an old article as if it's current and to go on to make unsubstantiated inference 😆 Your desperation is giving off a nasty stench BBG. The Chinese, yes, not the Japanese. So, I fail to see the reason for your ramp. You are truly a maroon 😆
Thank god for the filter button
Sure BBG, the Japanese are coming with cheque book open. What a maroon 😆
BBG so desperate, he is posting a 2022 article as current 😆 And he called me a muppet 😆
I seen it all now, the depths rampers will go to in order to appear relevant 😆
Ket take aways....
- Mitsui has been engaged with Solgold for several years.
- The strategic review had been ongoing for some time - off taker had also visited the site...
- DFS was planned for later 2023.
Its obvious as day that we are far more advanced than what Solgold has illustrated to the market...
Yesterdays tweet by Solgold seemed to be hinting that the radio silence is over and the strategic review has concluded with a suitable outcome.
(2/2)
The Cornerstone deal is mixed news for London-listed SolGold’s fractious relations with its two major shareholders, BHP and Newcrest. On the one hand it simplifies the ownership of Cascabel, making SolGold a more attractive takeover target.
But the scrip offer for Cornerstone will also dilute the two companies – who currently each control about 13.5 per cent of SolGold shares – to holdings worth about 11.5 per cent each.
While there has been no suggestion that Mitsui is looking to take a place on SolGold’s register, both BHP and Newcrest have previously expressed an interest in taking a role in Cascabel’s development. Potential competition from majors such as Mitsui is likely to add to the competitive pressure over control of the company.
At stake is a major copper and gold deposit that, on current projections, would have an average annual output of 207,000 tonnes of copper, 438,000 ounces of gold and 1.4 million ounces of silver in the first 25 years of its mine life.
SolGold is expected to release a definitive feasibility study on Cascabel in late 2023.
SM,
Thanks for that info,
BBG, why are you doing this? That spoils the trust people have, silly post mate
ATB
Bozi, because you are not British, you clearly do not understand the meaning of the word possibility!
Had I said that an RS will happen here, then that would be negative, and folks would have a right to ask me for evidence for making such a statement.
I don't care whether or not any of you bundles of inflated pomposity respond to me or not. I do not require your affirmation to live my life. You don't like what I post, don't read it. Better yet, filter away 😆
14 October 2022 (1/2)
Japanese commodities giant Mitsui could emerge as a rival for BHP and Newcrest in the development of the big South American copper project controlled by Brisbane-headquartered SolGold.
SolGold boss Darryl Cuzzubbo told shareholders overnight on Wednesday the company was talking to a number of potential partners for the company’s giant Cascabel project in Ecuador, after the country’s deputy mines minister revealed the Japanese giant had taken part in a visit to the copper and gold project last week.
SolGold is conducting a strategic review on Cascabel, regarded as one of the hottest emerging copper properties around the world, and Mr Cuzzubbo said SolGold had recently hosted companies that had an interest in investing directly into the mine, and at least one major interested in an early-stage offtake deal for its output.
Mr Cuzzubbo was responding to questions asked by shareholders about a comment made on October 6 by Ecuador’s deputy mining minister regarding a meeting with Mitsui executives over potential involvement in Cascabel.
“Parts of the strategic review had already commenced sometime ago and that includes bringing in parties that are interested in taking a stake at the asset level at Cascabel,” Mr Cuzzubbo said.
“There‘s been a number of visits to Cascabel of which one was tweeted. This is one of the options that we’re looking at – organisations that could take a strategic interest at the asset level. We’ve had an off-taker come and visit the site as well.”
Mr Cuzzubbo was speaking on an investor and analyst call to pitch the company’s recent friendly tie-up with Canadian-listed Cornerstone Capital Partners, which will hand SolGold complete control of Cascabel.
Under the terms of the deal SolGold will issue 15 of its shares for each Cornerstone share on issue, giving Cornerstone holders about 20 per cent of the combined company. Cornerstone owns 15 per cent of Cascabel, as well as a suite of other exploration properties in South America, and the deal on offer valued the company at about $US108m ($172m).
The friendly agreement is the latest in a series of offers by SolGold to buy out Cornerstone.
Cornerstone also holds about 7 per cent of SolGold shares, offering SolGold the opportunity for a short-term cash injection, without diluting other shareholders, if Cornerstone holders approve the takeover and SolGold then puts the stake on the market.
SolGold had $26m at bank at the end of June, and in July suffered an embarrassing setback when a group of its major shareholders knocked back a potential capital raising, triggering the departure of chief financial officer Ayten Saridas after only a few weeks in the job.
Mr Cuzzubbo told shareholders SolGold was spending about $3m to $3.5m a month on its projects, and the company believed it had enough cash to last until at least December without raising additional capital.
Mathersfinger, the article is from October 2022. BBG lost the plot some time ago and is massively overweight here. Hence the multiple threads and delusion.
BBG,
Can you post it?
ATB
Would hate to be short right now...