Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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I hope your right Add, and that something substantive development will be the reason for this presentation… however I doubt it will be… I’d be surprised if anyone moves before the imminent election. . Solg management seem more than happy to just coast along achieving vey very little… thy seem to have become a lifestyle company for the board…
Wow adickt. We're did that come from. Geeeeeeej.
If you get a minute mate, look up reality in the dictionary.
Unbeeeeeeeeleviable
Just received this from "
scotty"
Hi needy, I understand the natives are restless on lse.
Let me put you in the picture mate. The reason for no news is because sir nic mather, his holiness, God bless him. Has run out of people to argue with and locked himself in the data room. We're afraid he will start beating himself up, but can't coax him out. Nobody knows what to do without his astute management skills to guide us.
Even worse none of the 76 customers waiting to access the room can get in. So we're up sh,, t creek.
I wonder if you can ask my good mates to nominate one lse person to chat with me for the time being. Perhaps you can have a word with the Faithfull loyal chappies to keep up the good work for another few years.
Got to dash mate, need to cash my pay cheque before we run out of money.
Love scotty
AgArCu, where exactly did I express 'excitement' with regard to this week?
In my original post I merely outlined the two possible interpretations of the news that another presentation is to be made. And when I said 'we shall see', I meant just that. It was a factual statement. I also said I'm looking forward to seeing how 'things pan out this week', this too is a factual statement.
As it happens, it's my view that we won't see the release of the news many of us would like, although I'd love to be proved wrong. I do however believe that it won't be a re-run of the last debacle.
If the presentation is about a corporate event, my speculation (obviously it's no more than that) is that we'll see the spinning-off of the regionals into newco accompanied by a fund raise of some description for the new vehicle. We'll be offered 1 new share for every 100 existing shares held. Our existing plc will retain ENSA and we'll see the introduction of a jv partner via a significant placing - almost certainly the Chinese. These events will require the shareholder approval SC referred to. RK, before you say we've got enough cash, I know we have. But if I'm correct I believe the company will want to set out the stall for the future of Cascabel and that will involve a significant chunk of money. Again, I hope I'm wrong and, to quote Trump, majorley so.
Before I'm accused of wishful thinking, flights of fantasy etc, please note I said this is mere speculation, which, as far as I'm aware, is still allowed on these boards.
Incredulously Dreamboat, now joins the growing list of lse members who have a contact at solg towers.
49 billion share holders in solg at last count.
But scotty???? Has the time in his busy schedule to chat to half a dozen lse board members.?????.
Even more incredulous the likes of adickt and co
who like to come across as the font of all knowledge take in every word, and even ask for the email address.
Then even more incredulous, if that's possible, berate anyone who questions these ridiculous contact claims.
If that makes me an infesting I posting incoherent Blackrock stooge. Then thank christ, at least I keep some credibility
I've just seen dreamers email to "scotty" ref "comms"
Dbw to scott.....
Hi scotty old mate. It's DBW here.
Be assured it's not me mate, but some of the philistines on the lse board are kicking off again about no news.
As I said scotty you know its not me. You know you can do no wrong in my eyes. It's them restless clowns on here who don't understand that it's all going to the solg master plan.
Must go mate lots of love Dreamy.
Scott to dbw.
Hi D B.
Sorry I've not been in touch lately.
I can tell you in confidence Dreamy, because I know that no matter what, you will keep the faith.
But in all honestly Dreamy we haven't put out any comms, because we're floating round completely clueless as to what to do next.
We thought we would spin a story about a packed data room. But only the lse board swallowed that one.
But I know I can trust you to keep posting positive news to those fools on the lse board. After all you've been doing it for 8 years.
Love Scotty
Okay big man 💪 very assertive 🤭
Post all the investment advice you would like. We're all very impressed that you can name dividend paying ftse companies 👏 anything else for us?
Aggie, I'll post whatever I like and feel free to do the same. You won't see me telling people what they can and can't say.
Afternoon Red
Hope all good with you ?
I agree with Add ( or one of his scenarios ) the release of another Q&A session would make no sense unless it’s all part of the big reveal and Scott is in a position to say way more this time . It could be to clarify our path moving forward and by default settle some long running arguments here.
The extraction licenses or an updated investment protection agreement could also be key. The new website is due to launch this week so maybe it’s all tied in somehow.
I was told by “ the company “ recently, when questioning them on the lack of comms,” news would only be released when either they were obliged to or it was significant “
Here’s hoping for a good few days and some significant news next week
He coming week? Absolute snooze fest. But don't let that realism dampen your excitement. Maybe just accept you're wrong by Friday?
And I'm sorry if you can't understand me. I'm fairly confident that's not my issue though.
And as for your anger or apparent lack thereof, I don't mind either way. But please don't feel the need to fire off any more unsolicited investment advice. Okay?
Rcgl...last time Nick tried a bid the CGP Board insisted the shares were worth at least $12.50CDN and up to $20 while dismissing the SOLG approach ass derisory...
In the event we got CGP for not much more than $4 and 100% of Cascabel to boot (plus CGP's properties)...
Seems like a much better deal to me...
Rgcl2
Owning 100% or 85% makes zero difference to the saleability of Cascabel/solg etc no matter what anyone posts about corporate structure etc
That 15 % is minuscule in the greater scheme of things .
Mather was way too arrogant years ago when he was spouting solg could get funded for anything and holders believed his BS. Subsequent CEO’s carried on the same mantra. I remember one of the preventions alluded to investors throwing money at them before the first royalty deal when they weee running out of cash and this was when finance was cheap and plentiful. The outlook has changed massively on the finance front and not for the better but most holders on here still think they’ll get top dollar in any deal.
When will investors realise corporate employees are there to promote the company so everything is always rosy, it never ceases to amaze me how holders are desperate to hear positive news from company personnel and their close contacts.
You’d think holders would realise after years of disappointment that CEO’s always big up the company no matter what the news is and the news is never as good as what is promised nudge nudge wink wink
From the other board...
'kingslug: Exploitation agreement imminent, and that's the trigger for a bid'
If this is the case, it's a big step in the right direction.
Throughout the time I've held this share I've often tried to figure out what exactly could Solg management have done differently. If the ultimate goal was always to get taken over/sell Cascabel and no one was willing to make an offer, what could they have done differently...
Lots has been said about the PFS and the multiple false starts. But then again, depending on who the eventual buyer is, how important is Solg's PFS really no matter what form it took.
I keep coming back now to the CGP merger and the resultant dilution. I think when I invested there were 2-2.2bn shares issued. Now there are about 3bn. The SP now seems to reflect the dilution in terms of number of shares without much uplift for the fact the company owns 100% of Cascabel not 85%.
I wonder if the real mistake was not paying up to consolidate years ago. Everyone seems to think consolidating 100% of Cascabel was the right move, from Mather to Cuzzubo to CGP management. Maybe if Mather had been less aggressive and hubristic a few years back and hadn't launched that insulting hostile offer that was doomed to fail from the outset, we'd be in a better position today. If CGP's 15% really did make Solg a much more attractive takeover prospect then it was worth paying up for. By trying to get it on the cheap, we ended up paying up for it later on from a worse financial position at a lower SP and with much more dilution. We also failed to consolidate during the bull market post covid and now find ourselves languishing here trying to sell in unfavorable market conditions.
No research behind this post by the way, just my top of the head musings as I sit watching my kids in soft play on holiday...
Missed the Slug thing this week, what was his moniker this time ?
Adickt. I have spent the last 7 or 8 years waiting for the next event to pan out. Going back to, just wait till we leave aim, or wait till the cannucks come on board, or wait till irwin comes on board. The list is endless of what I've read is coming next week. I will gladly list them all if required. You live in your jam tomorrow blinkered world. I will live in reality, and post on what is reality. And at this moment in time the reality is, another solg own goal.
And I make no apology for my incoherent posts.
As I've said before, where and when I grew up, feeding the family came before education.
So feel free to ridicule me. It goes over my head.
Bozi, I sincerely hope so.
Nal, perhaps you could point me in the direction of my 'hysterically offended reply'? As for the rest of your typically incoherent post, we'll see how the weeks pans out, shall we?
Good morning MassiveRay .
Slug didn't give any reason, just as he has given no reason for his 51p prediction.
He talks utter tosh.
If that's what your post meant Ag, it certainly didn't read that way. Still, you were posting late at night, so perhaps you were under the weather. Incidentally, I completely agree it's an attractive prospect at these prices and I'm pleased you also see it that way.
And btw, I'm not remotely angry and am looking forward to seeing how things pan out in the coming week.
Adickt. I posted last week that mather stlll had his foot in the solg door, and nothing had changed.
Your hysterically offended reply, clearly disagreed with me.
I think this latest 2 q and a sessions debacle in 3 weeks, enforces my opinion, and weakens yours.
Be interested in how you spin yet another solg debacle
I also agree with AgArCu.
Getting pretty attractive for an attempt now. How low will they let it go? If we still work on the basis that M&A kicks up at cycle lows then we could be in or approaching the right ball park.
I'm still disappointed because operating from this semi-distressed position was something a few of us were concerned about. As it happens, I don't think we could have avoided it per se, but the company could certainly have insulated shareholders better by factoring in some targeted regional drilling - simply for the reason that every metal discovery opens up the potential for an additional property with an MRE thus plumping up the pig.
But what's done is done. Leave some (in this case a lot) on the table for the next lot.
I think the bear argument would be extremely weak in this case Add.
Why double down and compound the initial dogs dinner? Surely you'd just sit, wait and try again when you did have something to say...
"I gave you the reason for this meeting earlier. Quady deleted"
What was the reason I missed it?
Cheers
Attractive for a TO. At these prices it is a very attractive investment. I've added to my holding in the 15s. Long term prospects are good if management rediscover their sensibilities.
Would you say you're quite an angry man, add? Firing off unsolicited investment advice first thing in the morning is not normal. I hold lots of dividend stocks, but thank you anyway, I guess?
'lots of investors don't care about solg being attractive'. Really?! So people seek out unattractive investments, do they?
If you're interested in a yield, you'd be far better off buying LGEN. 9% from one of the safest bets on the market.