Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. 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.
Agreed Fort,
There are some interesting comments on ceo.ca, 1 I will paste here:
"My initial hypothesis is that there are always investors who have information that most do not have because there are always leaks. I bought Solg shares in March around 14.50 because I thought the company was primed to be sold quickly. First, it seems that the market thought the same thing because the price rose to 22. Then something changed and all the conference calls made by the company didn't change anything, on the contrary! WHY? First of all there was this strategic review. My understanding was that its goal was to determine what was the best option to retain in order to maximize the assets of solg in the interest of the shareholders (For example, maintaining cascabel and perhaps porvenir in a company with the aim of sell it to the highest bidders and bring the rest to another company whose shares would be distributed to the shareholders of solg). Several months have passed and it seems that my understanding was not correct because what the company said had nothing to do with what I thought. Caldwell first of all indicates that there is no fixed time limit for carrying out this strategic review which is strange, then he speaks not only of the interest of shareholders but also of stakeholders which is even stranger. Finally, he does not clearly say that Cascabel/Porvenir are for sale, he even wonders if solg should not participate in the construction of the project directly or through a JV! This is extremely dangerous and in this case the drop in price is not surprising. Another equally negative explanation which would explain Caldwell's change in language is that during the strategic review no company was interested in taking over Solg under the conditions planned by management....So, IMO nothing will change till the management bring CLARITY about their real intentions!"
Eloro, you know my thoughts on CGP and those apparent 100m shares in kitty to issue when they like and to whom they like. Too much of a nice profit maker there for them to not issue them imho.
According to Ship... Bob thinks the sp is being manipulated. Mmm!
My view on that would be ... well Bob... surely you would know what the amrket would do to the sp when you decided to kick the can into Q1 24??? So perhaps it's your own doing that has manipulated the share price lower as someone familar with markets and trends would know that a signalled.... 6 months of diddly squat would result in a pretty poor share price.
Anyway... I guess it all fits with the CGP boys clear plan to 'realign' shareholders expectations to help them secure a low ball deal and exit no matter how poor the price.
As far as I'm concerned, the asset is the same if not better than it was when we were last at 42p+. And whilst we have more shares in issue, we also have 100% ENSA as opposed to 85%.
So unless any offer starts higher than that.... forget it.
I think that's been covered a few thousand times subby77
No conclusions were drawn.
Hi guys, can anybody help me with some info please? Any particular reason why the SP has dropped so much, I thought we had a tier one asset? Why doesn’t BHP or another buy the damn thing? Thanks in advance
Has anyone been able to find out what his record was like at kinross where he was ceo?
Agreed Fort.
I thought the Canadians wanted to sell and move on? Now I understand Warren's frustration in that the lack of a bid isn't matching the predictions regarding copper. I fear that there will be raise before a bid at this rate.
Also, Scott and co must surely be out of the 'closed period' now results issued, so no excuse then Scott for buying in open market at these bargain prices unless of course you can't still do that because you are in talks with potential buyers??
Like I have been saying, Scott is not impressing me. He has said nothing to support the share price. Banging about being a shareholder hasn't cut the ice with the market. Talking about 2025, bringing up old problems with BHP, isn't instilling confidence. He needs to get on the phone to the Saudis instead of waiting to be approached like he is a pretty girl at a dance. Time for him to demonstrate leadership and stop talking about rocks.
Medi111 - they'll give themselves loads of options at a silly low price as this drifts lower and yes, 20p will make them loads of profit as a result - so basically we have no news flow for 2 more quarters before they kick those deadlines down the road as they've would have achieved nothing new in that time - the incompetence of Cornerstone sold Cascabel to Solg for a song many years ago and the incompetent Cornerstone mgmt in charge now will now sell Cascabel again for a song again
Medi111 there is only one real way to look beyond the current sp based on very low volume - if anyone knows a big time city trader or hedge fund manager who could try buying, say, 25 million Solg shares and see what actual price is quotef by the market.
Until then we are in a state of utter capitulation by many small retail shareholders who have been worn down by the deramping from various fake accounts - many slugs, many set up by other losers - and have finally given up hope. I know of no institutional investors selling at this low level - this is simply many small holders giving up (the trades are tiny).
Although another factor seems to be that a sale is nowhere on the horizon, the silver lining to this particular cloud is that Solg is now "valued" at £360,000,000 which must look very very cheap indeed considering we were double that in the past.
Certainly a lot of chickens have come home to roost from all the bad management down the years - "paddle our own canoe" and other nonsense has cost us dearly - but the fact is we probably look like a real strategic bargain now.
There may be nothing stopping us from falling right down to 1p, but the further down we go, the more of a bargain we probably look to somebody. The shrieking of pain from some retail investors on here and other boards is a good reminder that we are not all cut out for share dealing or investment. Sometimes you got to roll with the punches. As soon as the market sense the bottom has been reached, I reckon we will bounce back nicely.
Low volumes so no sign of the big boys moving out, just looks like some leverage traders and players getting zapped by the margin calls.
That said, if SOLG sp is sub 12p going into that AGM (or even sub 15p TBH) then Scott and co must be toast. They had their chance and they have failed to deliver any coherent message to the market for 12 months. The market punishes you when it thinks you've got nothing to say. An ironic situation which ultimately results in a call the markets bluff... and as yet... Scott or Bob have yet to deliver anything.
For some reason I just get the feeling that the lower sp and poorly communicated management message (plus poor market backdrop) might just see a low ball offer given. Lets face it... predators strike when they see weakness.
Tick tock Scott.. but looking like the market is giving you and Bob's bat the firm middle finger. Over to you then to prove them wrong.
We have touched the 11ps here. There is no reason to believe this will stop at such levels if nothing is happening. So are we a distressed company with nothing happening to steady the ship.
While it could be accepted that management cant comment on daily variations of the SP, it would make a lot of sense that they comment on the trend and value creation potential/possible/sure events.
On the surface of things, they dont care since the new boys are happy with whatever outcome even a 20 p TO. Sad.
And of course who could forget old Gambon in that thing about a singing detective? Kojak I think it was.
This message has been filtered, please adjust your filters to view.
🥹
Our financial position is entirely different to what it was years ago.
We were not in mothballs years ago, we were not for sale years ago, we were not set deadlines years ago.
Adikt for all of your perceived supiority and knowledge, you really are a clown
Maybe ask that nuclear phycasist who lives next door to you. To point you in the right direction.
You know the fella you bring upy when you look silly. He's your go to to prove your point.
Nal, to save you the bother I've drafted a letter to Caldwell for you to send:
"Dear Mr Caldwell,
You are a liar and so are the company's auditors. I know you haven't got sufficient cash to last until June '24 and you're delusional if you think we have.
I'm currently locked in the data room and I can tell you there's no one else here. This is just another example of your lies and delusions.
Yours sincerely,
Inneedofabrain.
p.s I've lost the key - can you let me out please?
p.p.s I'm not actually a shareholder, but I still enjoy traducing the company at every opportunity because that horrible man Mather nicked my lunch when we were at infants school together.
I'll always remember him as Bumblebore in that Beatrix Potter wizard thing.
Needalife do you know if his body will be flown back to England on will he be buried in Africa?
... fark off polly
Sean. Here you go again.
I Posted at 0911 mentioning Gabon to make a point.
I posted at 0913 that I know Gabon is in Africa, and
no need for adikt to show how smart he was as I was making a point.
A full 5 minutes later smarty pants decided to tell me Gabon was in Africa.
Oblivious as usual to anything factual that will interfere with his posts
Adikt pos
Pad by the looks of so many green boxes the parrot has a lot to say but doubt it has amounted to anything interesting. Parrots usually just repeat the same few words. Bit like Tourette syndrome. Also Real parrots are highly intelligent.
Now Pretty Polly was more interesting. Liked their tights and stockings! Much more interesting and entertaining.
As for comedy gold, I prefer the shiny gold!
Just get it sold and out the ground!
Oh the sun hasn’t appeared here yet , still foggy.
Your post at 9:11. "The political situation, as in most South American countries can change overnight. Look at Gabon". Only you would think you meant something else - English comprehension not being your strong point.
Our financial position is no different to what it's been for years. We raise money, we spend it. This is what happens with non-revenue producing explorers. We currently have sufficient cash until June '24, or do you think our auditors were lying when they signed-off on the accounts?
As to your last point, you believe Caldwell is a liar, but have never challenged him. Give it a go and please report back.
Needalife, I understand your grief. I too was shocked and saddened by the recent death of Michael Gambon - he had his whole life ahead of him.
I must admit though, I didn't realise he lived in Africa.
NAL, you really dont know who Lucifer is and how he became Satan, the devil? Your knowledge is severely lacking mate. If you are "just simply sick reading the same" why do you keep reading this BB and why do you find it a compulsion to reply? By replying aren't you bringing yourself down to the level of the posters you are sick of? You are bedevilling this BB even though you are sick of the posters. Where is the sense in that?
I agree with Add's 4 points outlining the current state of the company. My fear is that even with NAL's rumour of a deal, which he conveniently forgot, which made him a happy clapper, Scott needs to do better before the money runs out. If he cannot say something to help the SP, he should keep quiet because every time he mentions the rocks, stating that he is a shareholder, the SP tanks.
Let me remind you what I posted at 09.15.
Before you show me how smart you are. I know Gabon is in Africa. im just pointing out how your post as usual
5 minutes before you felt the need to show us how smart you are.
But as I've said to you many times. Don't let facts spoil your fantasy..
Mather didn't want to sell.
Were in a strong financial position
The political situation is secure
We've got several interested parties on the hook
I rest my case
You don't have to be smart to know Gabon's in Africa...most schoolchildren have grasped the fact by the time they're 12.
Keep up the good work.