The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has 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.
Opulentia, did you not know
"a takeover is imminent"! Do you not read Mr Bubbles?
To know they have over £70 Million in hard cash to push this along for another year or so
GLA LTH Maybe during the next 12 months someone will take a more positive interest and push for a takeover???
Comforting? Most certainly not.
It may/may not be comforting to know that since they bought SOLG shares on 12th December, Jiangxi are down £3.1m, Maxit £0.46m, Caldwell £20k and Clare £20k.
Good!
We originally offered 10 to 1 under Mather, now it's 15 to 1, and we are paying them to keep the lights on, at $250k every 3 weeks or so, so assuming this is the last payment, things should get wrapped up by early to Mid March at the latest
You only paying top dollar so you can earn even bigger dollar.....it's all done to prepare an easy way to negotiate a future deal from a strong position ....remains to be seen
:)
So Mogg are you saying we are paying top dollar to merge with a company with no cash
mogg, good spot and this is before we pick-up their $4m+ transaction fees.
Are the Aussie assets worth bunging $4m at? Perhaps a last throw of the dice on those parts before they decide to hive them off (or not) to some entity owned by Maxit lol!
I can understand the sentiment in so much that a decent grade strike in Ecuador normally sees the sp fall lol!... but a poor or average strike in Oz seems to have pi's chirping and sp's racing away.
I like their logic!
mog, good spot. Why do you believe this might mean a mid-March timeline for completion?
Risehall,yep no brainer isn't it ,this will be going to one or both of them eventually ,solgold will not mine anything they are explorers not miners
You lot do realise that one of the largest shareholders is Newcrest and the proposed takeover by Newmont means that we are going to have the world's biggest gold miner and BHP as two of our biggest shareholders. Lest we forget Solgold is sat on one of the world's largest undeveloped copper/gold mines. Solgold also own the adjacent exploration rights around Warintza in Ecuador where Solaris Resources keep discovering more and more copper, its huge, they had yet another RNS yesterday.
Fortissimo ,check out sml red dirt mine possible j/v
Seems Cornerstones funds are running very low, and hence the merger might not happen until mid March :(
"Transfer of funds to Cornerstone
On 27 January 2023, SolGold provided Cornerstone with US$250,000 to assist with the payment of expenses relating to
Cornerstone’s day to day operational activity in advance of the acquisition being completed. SolGold will be providing
Cornerstone with a further US$250,000 on 15 February 2023 for similar assistance."
BPHIL, yep correct
Fortissimo do you know where in Australia?, Leigh Creek?
Well, some interesting bits in the report especially the exploration plans for the next 6 months which included $11m for Ecuador and $4m for Australia!!!!
Struth mate... just when you thought Ecuador had opportunities galore.... they go back to Oz to dig some red dirt.
So almost half of the exploration budget for the next 6 months is in Australia!
Other than that, all looks like it's going as planned and potentially JV/partner deals being deployed on other Ecuador licence blocks in future which fits with the CGP mentality.
Something else is cooking for sure. I did like the one employee in Switzerland! Need someone there to keep that subsidiary alive.
The MD&A is mainly for events up to 31st Dec 2022 so you're not going to get an SR update through that nor a detailed update on Merger. But there's enough there to let you know all is moving as per last RNS releases.
Looks like the drill bit will be turning in Ecuador and down under mate!
Well it’s now early March for merger completion....
Desperate shareholders more like ,well sell and get lost leave the real investees to make the big money clowns ...
C'mon Dave and anon...I know we're all pretty frustrated but those posts smack of desperation...
Osisko's deal values the copper and gold produced from Cascabel alone at $8.3 billion and FNV at $10 billion...
The cut-off date is 31/12/2022, the document is just obsolete with respect to the topics we are waiting to hear about, it's due but not materially relevant.
Thanks Monte...I've asked my man several times which hole it was and never had a reply..disappointing....
This is the part I’m most interested in.... bearing in mind the licenses are the only non cash assets we hold..... and what, pray tell, are these additional benefits they speak of?
An application to begin negotiations on the exploitation agreement for the Cascabel project was submitted to the Ministry of Energy and Mines (“MINEM”) on 31 August 2022 and was deemed admissible on 14 October 2022. Initial discussions regarding the Exploitation Agreement began in December 2022, and that the formal negotiation process began in January 2023. The Company has until December 2023 to complete the negotiation process with the establishment of a non-binding term sheet, and the submittal of a request to move into the exploitation phase.
In December 2022, the Company submitted an application to amend the previously subscribed Investment Protection Agreement in order to align it with the exploitation agreement under negotiation and to obtain additional benefits provided by the government which were not available when the agreement was signed in 2021.
Oh dear.
10p soon
I don't care anymore.
Utterly b****y incompetent!