We would love to hear your thoughts about our site and services, please take our survey 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.
nal just ******* off
Reading the posts this morning.
I thought by some mistake, I had opened lse from 6 years ago.
But no, it was yesterday.
Apparently we're waiting for news, and being sold this year.
But like 6 years ago, not a scrap of evidence to support it.
If I recall sp 6 years ago circa 40p, today 8p
6 years ago I believe the news we were awaiting, was trying to track down a French translater.
I also seem to remember bhp offering 35p a share,. Over 4 x today's price.
I think if sold, big If, we would just about scrape 35p.
Bbg suggests anything from £1 to £2.
Let's see who gets nearest.
Be careful with posts like that HFH you'll annoy the feck out of needy 🙉
55p soon !!!
Our little beauty firmly glued to 8,5! Possibly just likes the number, no conspiracy or maniplulation, LOL!
I’ve seen them too and agree they are not in town today
They’re also absent on very high volume days but have been lurking around for a few months or so
Not a huge fan of conspiracys but it is clear that someone has been on the bid and ask controlling the price. It is very obvious in the order book. However, they don't seem to be acting today. Unsure why
BBG thanks for the excellent posts.
My personal belief is that we're very near the end of a savage bear market and that's what will drive the timescale of offers, whether that be for Cascabel or the company as a whole. I don't think there's any major that wouldn't want SOLGs assets as there's not many around of the sheer size and scale that's in Ecuador. A generational mine that in all probability will exceed 30 years with Tier 1 potential of Gold, Copper and Silver. Its priceless...well £1 a share for the company lol. I definitely think it'll all be resolved this year, and the longer the majors leave it the more it will cost them. Personally I'm very happy to sit back and wait for the mother of all bidding wars.
Securing funding at project level will force an interested party to move and acquire our company.
There is no way in hell that any major will let us put proceeds from the sale of Cascabel into our regional assets.
Twiggy has done it before and can very much replicate his success in Australia via Solgold in Ecuador.
No problem Add,
If my predictions can get the SP back up, then great. At least I am being more effective than Scott in that regard 😆
1984, you are funny 😁
The stolen land I was referring to is the land which was stolen and which eventually became the USA!! You don't actually believe that Powhatan gave up his land willingly to John Smith do you, and chucked in Pocahontas to sweeten the deal?😆
Eloro, like what? Are you suggesting the company is failing to disclose his earnings properly?
I certainly agree with your final two sentences.
Incidentally, I see you're maintaining your perfect record of predicting the sp correctly. Please, please keep it up...it works wonders.
Im also certain trump will get in and ice got a £5k payout coming if he does. Everybody sees what a mess Biden has made of America and how weak she now is
We’re not stealing from Ecuador, we’re helping them build an industry they otherwise would never have. It’s a win/win for all
If only somebody would bloody buy it!
Add, maybe his meal is like an iceberg. We are only seeing the tip of it. Who knows what else is going on?
Like Fort pointed out, they might be trying to find a way to keep the Cornerstone shares, hence being in no rush. I just hope that this will be sorted this year. I cannot endure another year of the same.
Thanks BBG. Interesting Newmont speculation. Question in a JV scenario is what % would SOLG retain? Or is the idea we flog Cascabel to the NMM and Jiangxi?
'Feeding frenzy', ha, ha! 200k versus millions. Don't be daft.
Comments made by former Ecuador Deputy Minister of Mines - Article from last July
"If Newmont decides to stay in Ecuador, it will seek to acquire 100% of the Fruta del Norte mine and expand its interest in the Cascabel project. I believe that Newmont will stay in Ecuador and use the path opened by Newcrest in its strategy to fully enter Fruta del Norte and expand its stake in Cascabel."
Add, you forgot the tale of the dog with the bone 😆
That is our Scotty. He is in such a feeding frenzy at the trough, he lost track of the bigger prize of flogging the company! You know the damage that greed can do to people 😆
Sorry Fort, I am 100% certain that Trump will be the next president.
1984, too bad the Native Americans didn't have a robust immigration policy. If they had, they would still own their own country, rather than having it stolen from them!
Eloro, why do you imagine he'd prefer to toil away at the coalface for another x number of years whilst earning a meagre 200k per annum when he could flog the company, trouser a multi-million dollar fortune and retire a happy man? He's 67, after all.
If only we had someone with the balls to stick it to the Chinese and stop immigration and end wokery
Thanks BBG good article
Trump won't get back in. But by running Biden, the democrats are giving him a bluudy good chance!
Cheers BBG, it would be great if Newmont and Jiangxi could make a move on solg before Trump start his second term with more anti-Chinese policies.
Obviously I am not happy to read that Scott is in no hurry. Clearly he is finding it hard to pull his nose away from the trough 😔
Cheers BBG
Atb
3.
Cascabel is viewed by Caldwell and his board as "a multigenerational asset, potentially one of the 20 largest copper-gold mines in South America". City broker Hannam said: "Newmont/Newcrest has previously indicated a desire to increase its copper exposure, while Newcrest's past success in Ecuador could also weigh in SolGold's favour with its 32% equity stake in Lundin Gold (owner of the giant Fruta del Norte gold mine in SE Ecuador) currently worth about two and a half times its initial investment."
For now, no-one seems in a rush to do anything, but that could change very quickly.
2.
pdac
solgold had a good pdac, signing an investor protection agreement with the president, despite a continuation of nationwide curfews. at the convention, ecuador's president daniel noboa went out of his way to underline the country's continued commitment to foreign direct investment, especially in mining. collaboration with solgold and others represented "a significant commitment to the growth and sustainable development of the mining industry in ecuador", he said. solgold's share price has doubtless been helped by this year's increase in the copper price, but company specific factors have also played a role. a revised pre-feasibility study unveiled in february slashed development costs by $1bn. initial mine development, fi rst process plant module and infrastructure is now estimated at $1.55 billion, compared to $2.75 billion envisaged in april 2022.other good news has come with exploration results at adjacent blanca-nieves, 8km from cascabel;and potential investors are quietly please with boardroom stability brought by solgold's new ceoscott caldwell – appointed in march 2023 - who is now living in ecuador while he conducts a strategic review.
the result of that review could lead to a sale, partial sale or joint venture with one or more of the cornerstone investors, but caldwell isn't in a rush. like juniors everywhere he is keeping operation sticking over after slashing overheads to reduce cash burn and allay funding concerns. as things stand, the company has cash of close to $13m and treasury shares linked to last year's merger.
palmer steps in
what shape any m&a takes is a topic well-rehe****d, but a new theory is doing the rounds with market sources suggesting bhp's interest has dropped away and that newmont, under ceo tom palmer, is the likely kingmaker, perhaps via a jv with jiangxi. palmer is on the record as saying one of the main reasons for newmont's merger with newcrest was to expand the firm's copper portfolio. newmont gets about 10% of its revenue from copper following the takeover of newcrest, and that rises to 20% or more as it develops planned projects. roughly 30% of newmont's reserves are now in copper with palmer telling media recently: "you can expect the value of our copper assets to increase, and the importance of copper in our portfolio to grow. we have three big copper properties, one on png, one in peru and one in british columbia, all of
significant scale." one could ask how important solgold really is to newmont when palmer has plenty of opportunities
to allocate capital elsewhere (including copper), but it's probably too big a chance to pass up.