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 and have access to Premium Chat. 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.
Why not? Genuine question.
Tiger, why do you think none of these things have happened.
It would not turn out as you imagine.
Surely, the BoD have to consider monetising Alpala / Cascabel, rather than going for a cheap placing to fund regional exploration?
They could sell Alpala / Cascabel outright, perhaps with a royalty on future production as a deal sweetener. Or they could farm it out to a major with a free carry to production, with an upfront payment to cover near term regional exploration costs as well.
IMO, the BoD should simply let it be known formally, by RNS, that they welcome offers for Alpala / Cascabel. By itself, that would cause the share price to boom. And it would force BHP, Newcrest and others to put their cards on the table.
Nick Mather's strategy was always hopelessly unrealistic. Perhaps it's time, now Solgold have exhausted all possible stupid options, to try the sensible one?
copper, not that long ago you'd be on this page getting involved in every ruck. So I don't think I need a lecture from you about "sad lives".
Dbw we are eternally grateful for your choice to save the bb :-) unfortunately it looks like earthlings spirit lives on and we have another duel going on lol
Was meant to read “one day in the future” he may well be .......
Unfortunately it’s a self fulfilling prophecy in a way.
He may well be back on board and fully bullish but will his posts ever carry the weight they used to?
As everyone knows Q & I don’t get along but one thing I could never question is his position, I may not agree with him but I do believe he is basically honest.
The only reason I filtered him was to save everyone else here yet more squabbling
I was hoping CD was a man of integrity and would give a straight answer,he must be off serenadeing Mrs D as its Valentine's Day and no time for a reply.
Probably only worth asking a straight question if you’re expecting a straight answer
My main issue is that nothing would suit BHP/ NCM better than a cheap placing .... so is it really right that we have two ( at least) major shareholders who would be potentially benefit greatly by a depressed share price?
Still can’t see CGP‘S angle here
I see the "handbags at fifty paces brigade" are still at it! Jaysus, what a sad life some people lead!
Time for the potting shed!
It’s usually best not to reply to people talk nonsense.
Apart from anything else it means we don’t have to read it either!
smick, if someone talks nonsense, I'll respond.
Morning sir,ive always enjoyed your posts and I understand your new need for airing on the side of caution.
But can I ask in a straight forward question " have you sold out or significantly reduced your position in Solg?"
You obviously don't have to answer but it would clear up the new tone in your posts.
Looks like Quady really rattled Add this morning.
Add there a few more for list of poster types.
Rude, ignorant and believe it or not genuine all types of posters on these boards but some more than others.
Bitcoin and tesla money to flood into gold once the bubble bursts.
And after reading the latest RNS, can we still dream about the £1+ some time this year?
No timeline given for partial recount either which seems odd. Surely they know how many days it takes to count some votes up unless there's more to it?
I guess with the run off date set for April 11th, there's no major rush and they need to placate/work out the potential sensitivities post final decision. Perez voters already kicking up fraud claims.
Quady you really are an ocean-going fool.
And as for your ludicrous assertion that I'm not an experienced investor! Truly pathetic. I don't think I need to remind you of the fact you've never sat in a boardroom nor have you ever worked in the City. You don't have the first clue about corporate finance (at least you've admitted that) and yet, day after day you appear on this board to give us the benefit of your genius.
I first joined a financial bb site in 1999 (iii) and have, over the years, seen many types of posters. There are the good ones, the really nasty ones who make threats of violence, those clever and persuasive rampers (the best was some bloke at QPP) and then there are the total fools. There are many people who don't have much experience and ask for guidance and there's nowt wrong with that. But the special type of fool are those who profess knowledge of everything and are as stubborn as mules when proved wrong. Quady is the exemplar of this category. The Number One. The Champion.
Another post where addicknt has misrepresented everything I have said, and associates others peoples posts with mine.
1=) I have never mentioned NM's age or said he wouldn't step down, I have never got involved in such discussions.
2=) His re-election did give the Majors a bloody nose, it showed them that the PI's not only supported NM. but the company as well, and showed them, we won't be taken over cheap. He pretends this didn't happen, and spins it out as a disaster.
3=) He is not an experienced investor, as he doesn't understand the diverse book argument.
We see constantly, that the diverse book has stopped a bid, as it almost makes it impossible to take us out cheap, as the other blocks would have to sell up cheap, and they won't do that.
If BHP had double the shares, say 26% of the company, this would be nearly impossible to defend from a cheap takeout, but he clearly doesn't understand this.
4=) He has changed his story saying he doesn't put a timeline on a bid, but as I am sure you all know, he has many times shifted the timeline, as although he never sets a date, he states events would lead to a takeover.
After that event has passed, he just moves on and picks another event. It's ridiculous.
H-hi. Firstly the big US banks such as GS, JPM, BofA etc are no longer allowed to engage in proprietary trading, it is prohibited under the Volcker rule. They facilitate and execute client orders and take positions for hedging client facing positions, but they are not allowed to trade against the street for their own account (which they were doing before 2008).
Secondly wealth management and asset management is one of the key target growth areas for most large banks these days which they see as a huge market for earning extra revenues when traditional areas are being squeezed by regulation and other factors. When banks like GS produce research predicting a commodities super cycle and they are advising their own WM clients to get ahead of this by investing. Their FAs will be using this to position client portfolios and the banks markets division will be structuring institutional client trading ideas based on this view.
From a commercial perspective it would be suicide for major banks to promote one viewpoint and advise their clients accordingly when they actually held the opposite view.
After reading and digesting Friday detailed RNS carefully (very carefully....) I came to the conclusion that although few matters not fully clear enough, overall we have no reason to worry too much, certainly no need to panic....
Like few said already, as an exploration company with no revenue funds will be needed at some point ....not urgently for sure...as always what remains to be seen is when exactly, whom from, and at what cost for us pi....meantime we expect raft of drilling/assays results that judging by the potential could well support decent rise from the current lows....as always IMHO.
For me personally it means no plans to sell any of my holding, quite the opposite, I will try and add when I can to make the most of the current weakness, and increase my growing (again...)stake here.
GL all and enjoy the rest of the weekend.
As ever Quady is wrong. I did not say that once BHP were released from their restrictions we would get a bid. In fact, and as I've said previously, I have not put a timeline on things. It's simply my belief that it is inevitable - as appears to be the majority opinion both on this bb and amongst industry and City experts.
As for the 'retirement' situation, it's as plain as the nose on your face. Throughout last few years Mather has been full of pomp, and in a sense, justifiably so. People on here and specifically Quady, boldly dismissed any idea of him retiring and argued forcefully that he was 'only 68' and had plenty of juice left in the tank. But then he made the mistake of thinking he could ignore our major shareholders.
Quady and a few others thought his 'triumph' of gaining re-election demonstrated how he'd given the majors a 'bloody nose' and how they would now 'skulk off with their tails between their legs' (these words were actually used immediately after the agm.) This was a classic misunderstanding of boardroom and shareholder dynamics, particularly when a new board had only recently been appointed. The expressions of disquiet uttered by NCM publicly were a clear indication of what was to come, and sure enough it happened.
I don't believe a man like Mather had any wish whatsoever to walk away from his position. He was on the verge of a triumphant end to his career and people in those circumstances don't simply walk away. But the most telling reason of why I am right is this; if he was planning his retirement for the past 12 months, why did he put himself forward for re-election, only to 'retire' a month later? You really don't need to think much beyond this fact.
Anyway, this is history and we are moving towards a very different approach to our interaction with our main shareholders. Personally, I think Mather's NED situation may become difficult, particularly for a new CEO and, consequently, may not last long. But who knows? He may prove to be an ideal NED and will offer full support to the new incumbent, but for me, the jury's out on that one.
Hi Hi from someone who said this on Thurs ?
"15p coming soon, may be 10p.........the two wolves will savage the SP to buy more. Standstill expired so someone is buying off market after orchestrating the dire rns."
think we all know what your agenda is LOLzz