Our latest Investing Matters Podcast episode with QuotedData's Edward Marten 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.
Bozi, I've been banging that drum about a jv for a long time.
I struggle to believe that a rumour is going to bounce round retail investor bulletin boards and then some sort of offer is going to be recommended by the SOLG management.
Remember that SOLG aren't obliged to make us aware of every proposal they receive, just the ones they think shareholders should accept.
If there's anything of substance here then management need to work on getting the SP up from which to provide a better base.
Remember, we're talking about Cascabel here, not Eagles Nest. Plenty on here quickly to band around tier 1 status etc so flakey rumours at 14/15p don't fill me with with confidence.
Even if you do the sums on a JV, it just doesn't stack up. For example, 15% of NPV + £150m in lieu of historic exploration costs leaves us with about £600m. That would give a special dividend of 10p maximum and potentially less.
The more I think about it the more I worry that Bob and Co are yet to find something substantial from the SR.
There is a name associated with this rumour doing the rounds, however I didn't ask as there's a line with these sorts of conversations.
Must stress its just gossip at this stage. C
Highflyigman, did your contact tell you the name of the interested party, or withheld that info for now?
If you do know, is the interested party North American, European, Chinese, or Aussies? It would be interesting to know.
I think it's FMG with Twiggy looking to kick BHP in the goolies once again.
I recently added. Locked and loaded.
100% agree Fort, as of 6 or 7 weeks ago I've got a full position here now, as have other family members and an associate who has provided advice and industry knowledge.
Bob is an industry leader in getting deals like this done, oh and has major skin in the game here too.
Do agree with Bozi et al though, would have though recent roumers which are well know in investing circles would have pushed us on a bit by now.
Well see what September brings. Have a great weekend all. C
Volume is usually your friend but I think that's different with SOLG now everyone involved is fully invested. Everyone that wants in is already ... in. There might be a few irrelevant pi's with their £20k+ sitting on sidelines or rolling the dice on other stocks but that's not going to give you a meaningful volume surge.
Noront was calm waters before their first bid so no leaks there which was a surprise. Wood Group (was FTSE 100, now FTSE 250) was looking unwanted at 100p levels and volume poor. Next day... Apollo made 220p offer. There are quite a few examples out there where volume does not give you any idea a bid is coming so be careful if you are using that as your signal to invest.
Sounds like this board over summer:
Some drizzling a lot of piszing down with the occasional bit of sunshine!
Hoping for and Indian summer!
The far south west has been mainly dry with some patches of heavy drizzle.
If Temu did rumours..............
Agreed volume is usually the key …… Noront came out of the blue but that was the exception to the rule
Thanks DBW.
Yes sun out here out in the south of England. Enjoy!
Assuming that the Agm is held early December items for the agenda need to be in place mid October so hopefully some movement before then.
Solgold was always a leaky ship so we should see movement and volume before news.
Hopefully plenty to get our teeth into once the revamped website is finally launched…… just have to wonder if the delay has more to do with “technical issues “ or timing
Aquinaga
By the time the AGM comes around ( if it does ) we may well be much happier with the situation or at least have an idea of the direction we’re headed. If not I’m sure people will show their dissatisfaction accordingly. Personally I’m happy to wait this out and enjoy what’s left of the summer. Beautiful day on the south coast
Probably right. The private shareholders are not going to be happy though but not going to change things. Mores the pity!
Fort is likely right it’s GDXJ/MSCI rebalance day(s) yesterday/today
If there is no corporate action or major news before the AGM the meeting will make the last two meetings look like a vicars tea party.
This news will need to be announced 50 odd days before the AgM for it to be in the notice I believe. Happy to be corrected.
Smart and fast haven’t got long then!
two cheeks of the same socialist backside bozi, there isn't a *** paper between them. sir kneel starmer has now even come around to understanding what a woman is which was about the only difference between the parties.
it's hard left or hard left, which bodes terribly for the next six years. if i could be bothered to sell up and get out, i would.
auction yesterday had quite a lot of 100k+ positions, including two over 700k. significantly more than of late. maybe a few are back at their desks already earning a few extra grand to treat the wife to a loaf of hovis this month.
Probably the usual end of month tidy up, but 1.8m block the largest for sometime.
So that's it then. September starts on a fresh round 15p. Let's see where it gets to over the next 12 weeks. Anything less than mid 20's and the AGM is not going to be much fun for the CGP boys. It's time they delivered especially after the grotesque option awards earlier in the year.
Tick tock Scott. You can't point the finger at Mather this time or anyone else. Just you... and you only... oh and Bob and Maxit of course. Reputations at stake here.
1982 - it's the retail trades I'm talking about really. All those who cashed out earlier in the year or on the 22p high who might now be looking for a fresh position.
I don't know enough about the auctions and uncrossing trades but my guess is that's the insti's moving larger blocks around. I'd be expecting more widespread market excitement.
I share your sympathy for the spivs, especially the tory ones who believe the ulez is a Labour mayor running amok and not a policy born with their party and expanded on by those is a different shade of blue.
4.5m yesterday Bozi that's well above average though less than 800k of that was before 430pm
Might have said it a few dozen times now, but volume will return properly next week along with the slimy city spivs who work in the city. Got to cover their new ULEZ somehow
Bozi. ironicaly i tend to agree with you.
maybe its because we've had so many false starts, and false misleading news that the financial markets and money makers
are thinking that on the face of it nothings changed with solg. so maybe there waiting for something concrete
*trading volumes picking up sharply.
Good luck with your purchase SM.
Add - I think it's possible that nothing has emerged but I'd hope it's not probable.
I agree with the point you're making and hope you're right. However, I'm wary of the source of the rumour and I'm wary of others trying to corroborate it. I strongly believe that had the murmurings had substance, trading volumes would be picking up shortly and the SP trending back in the direction we want to see it.
Spontaneous would have been best I agree. SOLG certainly struggles reading the room on sentiment and trust in the story given everything that has gone on.
Adikt. Once again in your rush to respond to me. Your making no sense
.
Please count to 12 before you reply.
Your post.
"Btw, please don't claim you were merely repeating the rumour, you actually gave your opinion by stating 'this time it seems real'.
Do you not see if of course I was repeating the rumour, otherwise how would I post it, if I hadn't heard it.
Me saying it seems like the real deal. Is my responce to the rumour I'm repeating.
I think you need to take quady advise and filter me. Before you make a complete fool of yourself.
By the way I never heard the rumour from a sourse I'd never met before in a coffee shop.
Maybe you need to reposition your indignation.
Because it's becoming clearer by the day nothings changed
The rumour can't be that strong lol ..... ...........the volume is pony!