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On a separate note Quady, the ONS have finally acknowledged 2023 saw 1000 excess deaths per week.
Given we’ve lost a fair few “old uns”, what could be causing this huge increase?
Is it covid, vaccines or the lockdowns?
It can’t be the bug or the vaccines if the vaccines are indeed safe and effective? So it must be the lockdowns 😂🩼
Hahahhahahahahahah!!!!!
You’re going to secure finance against a fully owned asset with “NPV” of $3bn when the company eBay wholly owns the asset is worth only $400m?
It’s a bit like asking for a mortgage on a house you say is worth £5m that the estate agent has valued at £200k
Can you not see a problem with that?
But Quady, under a phased approach, won't the capacity be less?
And therefore the NPV will be (significantly?) reduced vs. the c$3bn post-tax NPV from original PFS?
i.e. actually a LOWER NPV to raise finance against?
And as others highlight, a terrible SP / MCap for any significant equity issue. (Unless a significant partner is willing to buy-in at a significant premium? But if so, why weren't they buying Berry Street or at these low levels?)
Laurel & Hardy were very smart Quady , probably why they are household names in our generation.
So can someone tell me where the 'Significant value to shareholders can be located ? they keep talking about it but I can't seem to find it ?
Even more unintelligent rubbish from the most unintelligent poster on here.
Nothing to do with market capitalisation.
The finance would be raised against a percentage of NPV.
Depending on how far we progress.
Plus maybe a JV.
Then a percentage of NPV offset against a royalty of some description.
Their are many ways to skin a cat or should I say a slug.
1 billion is easy to raise for Cascabel.
If we vote for all the resolutions.
Good grief
I’m afraid you don’t know what “your” talking about
A company worth £290m could dilute itself in half and raise £290m at best. We’d be worth 3.8p a share
How far is that going to go towards a $3bn capex?
If brains were made of s**t, you wouldn’t have enough to muster a skidmark
You couldn't make it up .
Slug the most unintelligent poster on here backed up by DBW the most wrong poster on here.
Doesn't believe we can construct Cascabel with buying in the expertise of a civil engineering company.
Which by the way is what BHP and other majors do.
That's why these two clowns should not be taken seriously.
They make Laural and Hardy look smart.
Agreed 1984 ….. even Darryl has stated Nick wanted this sold.
It’s something we’ve all known for a very long time. The only questions are
1) Can they do it
2) How much
3) Can we or will we hang on to some of the other assets
Hopefully a corner turned today but we’ll see
Nobody (unless they’re very stupid) thinks this motley crew can construct a tier one mine.
We’ve been diluted to a fifth our value in eighteen months. You’d have to be three sheets to the wind to vote to let them print more confetti shares and dilute us further
Has anyone considered that with a more robust PFS that we might want to issue more equity as part of the financing in order to construct Cascabel.
I have voted for all resolutions.
Isnt worth...
We'll see.
SOLG isnt with what we think whether 20p or €1...
It's worth what the final bidder will pay...
And Sangha got Wyloo to pay 110c for a company that was12c in the previous year...
We can but dream...
And we only need two determined bidders...
So, instead of flogging the company fast and smart, solg wants to disapply the pre-emption rights so that they can issue more shares and dilute us? Hence, we are being asked to choose between BHP dilution and the BOD's dilution! It doesn't appear that Scott is in a hurry to sell the company. They want to issue more shares. Perhaps if he had looked after shareholders value, there would have been no need to beg for our votes because they would have earned our support. We will still be here next year the way things are looking.
Rcgl2,
Share price will reflect the asset value on any offer. It's not about multiples of where we are today or tomorrow... it's simpy about what someone pays for ENSA or entire business. Tier1 assets do not go for under market value.
So if the market value is $2bln based on xy and z risk, then sobeit... $2bln it is.
Doesn't matter whether the so is 7p today or 20p tomorrow... the end price is based on the asset not on an illiquid market place.
Hi Italian. So are you saying Solg could have sold itself for 40-50p a share back in 2017, according to what Mather told you? Sorry haven't had a chance to read all the messages today.
In hindsight that would have been good compared to where we find ourselves today... And there are now probably double the number of shares in issue at least.
I feel that the SP really does need to start moving north and soon... Back when it was 20-30p I think most of us would have felt disappointed with a takeover at 50-60p. Now that would represent a 7x return on the current SP it feels somewhat unrealistic to expect even if there were competing bids.
13.557 million final figure per London Stock Exchange...
Exactly 1984. The only reason none of the big players have brought any on the open market is because of the declarations they legally must make.
Of course, once declared the SP will shoot up, therefore only allowing any player buying on the open makret a tiny position on the cheap. Pennies really. The only way a "creep takeover" can happen is through endless dilution at dirt prices.....oh look, SOLG at 7p.
Seems like Scott is the one causing the creeping takeover risk with his non action and mothballing the entire company. At least mather kept the SP up.
Better …
Anyone buying on open market would have declare each percent over 3 so it’d be impossible to creep far without being spotted. Unless they pay others to accumulate
The solution is simple. To prevent it, don’t sell your shares
Ah, Blackrock again, with their
Very strong into the close!
PLEASSEEEEE
BHP has proxy's that will try and help them seek control!!!!!
Its been mentioned previously in RNS's by our board as a BEWARE of the grubs being BHP and Blackrock
BBG - but we know that has not been (materially) happening for BHP and NCM - i.e. no TR-1s.
They have actually been diluted compared to previous years.
We have lagged....