Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video 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.
Everyone loading up eh? Heard it all before , it's never proven.
Add there is a buyer for every seller regardless of whether it’s matched on or off book.
I’ll be loading up in the morning if it stays in the Low eights. This is a wonderful opportunity
And you have to be a special kind of shiiiitbag to spunk away 900 million £ of other peoples' money.
Gotta respect the Japanese who would commit ritual suicide Seppuku when faced by such disgrace.
Or would renounce all previous ties and become a monk.
This scummm will be recycled back onto the scene as if nothing had happened.
Hah another diversity hire midwit gets karma right up the arris. Good.
Pass him the broom and get him to work asap.
Fort, for the nth time, the large trades have all been off-book. In other words there is a buyer. Apart from the x2m trades today the rest have been away from London, which may suggest they weren't Berry.
So Mr Drake , lets change the BOD at the next AGM? Where will that get us? There new BOD need to settle , get the "rewards" credited , andd then go down the same path as this BOB , albeit 16 months behind the curve. Wise up , it will only be happening if the big players want it. Us pi's are just cannon fodder ,m your vote means jacksh@ty in the grande scheme of things here. Mmmm...
Confirmed closure... hence when they are done SOLG should be bouncing back big time. Don't get greedy now.
https://finance.yahoo.com/news/ex-paulson-partner-shuts-hedge-110001091.html
If funds are shutting down and liquidating.... then where are all the other stocks that they own? Why are they not getting hammered? Don't tell me SOLG is the only poor liquid stock they invested in?
It might be Berry Street but lets face it... SOLG have the daily register so can see who is selling.
What Bob should be saying is.... we've been working hard to find buyers for the stock including our chinese mates and they are mopping them up now. Ermmm Bob... you should have been doing that at 15p not 8p.
Shanta Gold took a similar hammering when Odey had to exit but Shanta found buyers for Odey's stock whereas it seems like Bob can't even do that.
Might be time for Bob to hang up the bat and for SOLG shareholders to seek new advisors and directors at the upcoming AGM.
Fort.
Should be. Yet it isn't.
And this bit of selling hasn't resulted in this being 10p down from where it should be, I don't think?
Don't get me wrong, I'd love to see 18p.
I just don't see what's going to get us back there this time. What good news could be coming up? Only a bid or a JV or something of that magnitude, imo. I don't even see a new review result doing it.
And then, as has been pointed out, we have money to last to June, which will soon come round. I believe another Franco type deal is the way to go there, but then, that won't be attractive to any potential bidder, will it?
I don't know, I tink I'm just on a downer today.
I do know this price is stupidly cheap.
Start of the massive crash they’ve deliberately caused then?
Another credit crunch looks nailed on
How many shares did Berry street hold ?
They are the sellers …..
I do roast potatoes and parsnips for the Sunday roast in mine, lovely and crisp. And Thai salmon fish cakes if you seal them in a frying pan briefly first
Sounds like a few funds in the UK have shut down and liquidating all their positions (including SolGold).
This is the risk of owning an illiquid investment - share price can move a lot based on limited trading.
I’m not losing any sleep - I’ve been doing this for over 23 years.
Takes a strong stomach to invest in exploration companies and the volatility is just part of the game.
SolGold is in the best shape it has ever been, despite the poor share price, so once the stock has been spit out, I expect we’ll see a gradual recovery.
There seems to be little point in discussing our mining company.
Does anyone have a good airfryer recipe?
Seriously
Kat, yes, I'm so bitter I added more today at 8.4. I still think it's cheap. Ridiculously so.
As for HUM, I'm 10% down, which is a damn site better than I am here, even after today's top up.
A turncoat and opportunist? After holding this for over 13 years?
You know nothing about me, clown and I'd prefer you keep your thoughts about me to your self until you have read a few of my posts and see what I actually think over time.
Anon3,
It's not just about share price reference points etc. It's also about market cap. When SOLG hit lows on March 2020 with the world ending and panic everywhere, the sp dipped to 10p. It didn't hang about there long... I know as I bought a a decent wedge but had to pay 11p for second wedge shortly after. The market cap at the time was about £235m. Today the market cap is about £240m. So not much in it. Hence we are at a comparable to 2022 cap. However, since 2022, we've spent about $100m on ENSA. We've also gone through a dilutive merger which means we now have 100% of ENSA. That's 15% more than 2020.
So if we were to compare apples with apples, then SOLG's sp should be around 4p higher at 12p levels and then that would be representative of the covid lows and end of the world fears.
Assuming the world is not going to end right now... we really should be down here. We should be at least 50% higher near 18p which is probably why you saw a decent placing achieved at 16.5p with chinese and others and Scott and co lapping up some nice options at 17p.
So forget about bids etc etc... that will happen when it happens. But the share price should be 18p+ right now and the market is giving away 10p to newbiews which is absurd.
The whole problem with this is an open ended strategic review.
No one knows what that means
There is no cum face at the end
What is a strategic review without a finale?
Anon3 - BIIIGGGG change from just a few days ago, when you said ....
" This is as cheap as it's been in years and well, it just seemed daft not too.
Here's hoping I haven't made a bad choice! " Doubled my Holding, 6th Oct.
So you are a turncoat and opportunist, obviously bitter that your previous purchase at a smidge under 10p has gone to hell.
Meanwhile, your obsession HUM has lost 50% since the summer.
Fort, I get all of that and agree with it.
Now explain to me what needs to change to bring a bid in?
To me the only thing is the review and the lack of anything there doesn't exactly inspire any optimism.
Perhaps it's because we need to realise that the sums don't work as they stand?
And the fact that things are taking so long might mean the company is seriously struggling to make them look any better, even with smaller projects at first?
You may recall I've said for a very long time now that I don't see a bid incoming anytime soon. I've been proved right there, but it's easy to say that now.
The concern is that there won't be a bid at all. Certainly not at anything like what some of us are hoping for.
You're right, there was massive fear during Covid. I remember it extremely well and was kicking myself for not buying at sub 10p.
But now things should be better, yet the sp is lower.
Some think the sp will bounce when the seller stops selling. My question would be why should it more than a small amount?
It's not deramping either (Red).
These are legitimate questions that the market is asking, imo.
And the board needs to start answering sharpish.
Meant... asset hasn't changed at all. It's got better.
Why would you adjust your your expectations of an offer to 16p when it's based on the asset and not the current share price?
Noront share price was 21 cents and the final offer ended up being 110cents. The starting point of the SP is often irrelevant when dealing with large assets that have multiple bidders.
Of course... someone can always chuck in a 16p bid and see how it goes but I doubt management will gain much backing for it.
Here's some context....Remember, when the world was ending in March 2020 and zombies were taking over or covid actually but the same apocalypse feeling was spread across markets. The Dow Jones plummeted from all time highs of 30k to 18k. SOLG dropped from 20's to 10p ish. The fear in markets was scary. And that's as bad as got for SOLG.
Now here we are with 100% ENSA (not 85%) major progress made on red tape issues, politics issues resolved etc etc... and the share price is 8p!! That's 25% worse than when the world eas apparently ending. That's how stupid the current price is.
But if a seller cares not a jot about price and wants to do damage to the sp, then there's nothing to stop them from selling hard and big. And that's what's happening or happened here.
Remember, when the markets sorted themselves out and realised the world wasn't ending... SOLG's share price moved from 10p to 41p.
That's why you should be revising your expectations on buy out prices on SOLG. The asset has changed at all.
Time for Scott to remind us again how fabulous our "Rocks" are! Sp probably rock-bottom now! LOL!
So...6 million average daily volume for the last 20 days...
From Twitter "Hubris Hunter reckons it's Berry Capital shutting up shop"
Spot on. The reality is that as much as we think it's a bargain, noone is interested.
That's the long and short of it, because if they were, they'd be in now at this sort of price. No not 8p, but certainly an opening offer of say 16p?
Which means we might need to adjust our expectations.
The prize is probably there eventually, but when?
I think I might begin to see this purely as a trading share from now on.
If noone's interested at this sort of sp, you have to wonder when they will be, imo.
Lol Bozi thanks ….. feeling more like an AIM stock by the day