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Turn the lights off, cookiescrew, there’s a love.
Z
Evening JG
Just browsing the website it’s clear to see there’s plenty of updating needed. Major shareholders last updated on December 15th being just one example.
So either there’s no one left to do the job, they can’t be ****d to do the job or there’s no need to do the job. … All very curious …. I also notice Fawzi still appears front and centre on the about us page.
I’ve said often that I expect a press release to land one day that leaves no room for further speculation. Some theories will be borne out and some will be consigned to h the he bin for once and all ….. Just hope we are not in limbo too much longer.
We shareholders have never been able to 2nd guess what would be included in the next RNS or presentation by the company and in that comment I include SOLG management. This company is just impossible to predict what's going to happen next.
Dbw, it was a fair point to debate prior to recent events as the company attempted to play smoke and mirrors. But after Scott's comments at PDAC and no mention of a DFS, let alone production, it's just misinformation at this point and not helpful for anyone.
Ah Sharket I think you’ll find when the time comes he/she never said anything of the sort
It's less the case that it's too difficult for Solgold to construct Alpala, and more the fact that our CEO has said we're not going to be building a mine. It's really not that hard to understand, though might be hard to accept if you've spent the last few years belittling everyone who hasn't shared your view that we'd take the mine into production.
'Solgold just requires the capital' No denying that. Just one teeny weeny, itsy bitsy little problem; actually getting our hands on it.
And before you say it, no we did not have 1bn committed - that was patently not the case. As for a jv, we may as well bend over now and wait for the inevitable rogering.
Correct Bonkersman, Majors don't construct mines.
Civil engineering companies do.
Solgold is a project and we require a project manager.
People on here say it's too difficult for Solgold to construct Alpala.
Of course it isn't.
Solgold just requires the capital.
I dare say this is being discussed as part of the strategic review in the best way to advance Cascabel.
That's a sound post Bonkers..
And another reality check...
The FTSE is down 6% since its recent high, indeed down 2.5% today alone and it's close to critical support. S&P 500 has indeed fallen through support...
So SOLG is actually holding up pretty well and past experience shows it is much more correlated with the Gold price rather than copper...
So all in all reasons to be cheerful despite the frustration...
Saints for you the only way is up lol!!:) gl.
Looks like decent support at 17 thought it might have slipped further on lack of news, looking forward towards next move up.
GLA Saints
Exactly that and Solgold does not have that depth of management and would be well out of their comfort zone which ultimately would more than likely create bigger headaches than most could ever imagine..stick to what you are good at and move over please Solg
The majors don’t build mines, in the same way oil majors don’t build oil rigs and petrochemical plants, they manage the FEED and construction/ commissioning by contractors and then operate them going forward.
If you have the investment capital and the management skills then theoretically anyone can take Cascabel to production.
Of course the investment capital and management will almost certainly come from a major or JV including a major, but by no means the only option.
Strictly speaking Pbow you are correct, but they were one of the biggest explorers in the mid 20th century 30’s on.
We are in a completely different world now to when many of the now major mining companies started ..everything has advanced with technology being the key.
Rio Tinto didn't start as an explorer.
Happy new week to all!
1) We know nothing more than we did last week
2) We think we know something but if one day we finally get put out of our misery, what the company will have done to make that happened will be different from whatever some postulate in this BB
3) A health debate would be nice and entertaining, but plain disagreeing and finger-pointing and *****ing are pointless, we all make money the same way (if we do) and that is by buying low (which many here did not do) and selling high (which we hope we can one day do, albeit at varying degrees)
4) So no one is right actually, especially those who are long at a higher price; whatever the scenarios, in hindsight we juzt got the entry at the wrong level and that's all that matters.
Have a great week, Italian out!
Not2sure, can you name any of the majors who didn’t start as explorers?
Morning Q ..I accept where you are coming from but I and many others see it from a completely different angle but ultimately when it is fundamentally accepted in the mining industry that explorers cannot just all of a sudden become producers particularly with a project the size of what Solgold has and just saying that we can get the expertise in will not cut it..we have not got the history , culture , skillset to take it on ..imo
Good morning Novice you are of course correct.
Also good morning Not2sure.
You are correct, some on here blame the BOD.
I am not one of them.
So let's think about this. We have a discovery made at a time when we have been through COVID, Putin has invaded the Ukraine and so copper demand is lower at the moment.
Yet we haven't been taken out on the cheap.
I think they have done a good job.
Let's not forget what we have in the ground.
For the sensible posters on here we know this is a slow burn prospect and is going to take time.
_________________________?1 Source: Wood Mackenzie Dec 2022, based on production from committed projects?2Based on the Oyu Tolgoi Feasibility Study 2020 (OTFS20). The estimated average production of ~500ktpa copper for the years 2028-2036 is underpinned as to 13% by Proved Ore Reserves and 87% by Probable Ore Reserves. The estimated average production of ~290ktpa copper for the estimated reserve life of approximately 30 years is underpinned as to 26% by Proved Ore Reserves and 74% by Probable Ore Reserves. These production targets are stated as recovered metal and have been scheduled from current mine designs for the Oyu Tolgoi underground and open pit mines by Competent Persons in accordance with the requirements of the Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves, 2012 Edition.
The BOD would reject that and go to production surely ?
Copper price has been on the rise since the recent low point last July. Going forward the price of copper is expected to rise at 4% PA up to 2030.
So copper is not the next big thing as some of us dreamers on here like to think. This will be sold when global demand dictates, not before. So when one of the majors sees the copper reserves in their portfolio trend below the demand forecasts in the short to medium term then there will be an incoming bid for sure. This shall of course trigger a rapid rethink by the other producers hopefully triggering a bidding war, but not a certainty.
What would be a game changer is if one or two more major discoveries were added to Cascabel, then Solgold would become a “must have”.
So when can we expect a bid? If an exciting RNS drops then almost immediately. If not then when demand dictates, and that could be next week, next year, two years, more. But when it does go 70p doesn’t seem too high, but if the other targets go tier 1 then £1, £2 who knows?
Half the fun on here is making predictions based on absolutely nothing more than hunch’s.
So expect a final bid….. by BHP….. on 10th September, and the bid price……..£3.40……YIPEE!!!!!!
Q according to some on here it is the BOD that have no idea what is happening here !
Only as long as certain people are allowed to make it Jezzoo