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.
Seanhunter have you ever been involved with a company that has no money but has resources. I have many times over within the oil and gas sector.
When after many years if it proceeds to production which their are many ways of financing.
The price goes up massively unless we give the whole thing away. Let's await the outcome of the strategic review.
Not saying we won't have some way to go, but these things take time.
I am guessing this type of investment is new to you.
Correct. But surely they remain part of the issued share capital, of which anyone would need 50% to gain control...?
Also if they were resold, the new holders would have voting rights, so the Board could sell them to 'friendly' holders...or Jiangxi...
Relax Sean! Step back and see this share from a helicopter view.
Things will work out OK in the end!
Just not sure where and when "that end is", LOL!
From Investopedia (quote):
"Based on an overall assessment of its quality, value and momentum SolGold is currently classified as a Sucker Stock. The classification is based on a composite score that examines a wide range of fundamental and technical measures. Stock are classified on the the following spectrum: Super Stocks, High Flyers, Contrarians, Turnarounds, Neutral, Value Traps, Momentum Traps, Falling Stars, and Sucker Stocks."
So, I'm waiting for a bid that may never come. Quady and his lot are wanting to enter a finance death spiral by "advancing" Cascabel. Muppets like MassiveRay come to gawp and laugh at us everytime the share price falls.
There are moments when it's easy to doubt why you are here.
Yet BHP and others have thrown millions at this company. Are they suckers too? Is Warren Irwin a sucker? Is nick Mather a sucker? Are Matsui suckers?
Be nice to have a crystal ball to see how this turns out, rather than suffer death by a thousand cuts every day, with low life laughing on the sidelines. But at this point it's probably a matter of faith.
I just believe we can't have come all this way to not have a happy ending.
Year of the rabbit red
RK, sorry to disagree, but they don't. Similarly, they have no right to a dividend.In fact they lose all rights normally attached to ordinary shares.
Looks like it Bubble....eveybody is working frantically behind the scenes, but as we have seen before, SOLG always take longer than expected...are there any French tanslators on here...I could volunteer the Missus...she's fluent...could be a nice little earner on top of her 800k...
In theory they do, but SOLG own them, so either way they're not voting for production any time soon...
However, for as long as they sit in Treasury, the Board (Mather, Scott, etc) can decide who gets them and at what price...or even to redeem them (however that would increase BHP/NCM proportions again)...
February red
IMO, until the merger is complete, we have something of a false market...
CGP down 3% on almost zero volume last night, probably being marked in line with the SOLG price, down 1% on 40k...
CGP sterling equivalent in SOLG terms is 16; SOLG converts to 16.5, so they're convergent and it looks like market makers don't want to see CGP stock...unsurprisingly
Clearly nobody is arbitraging or selling in Canada.
And while we won't see the true situation until the extra 506 million are in circulation, why would anyone sell when 99.98% voted to accept the merger...
Furthermore, the SOLG offering surely has to be more attractive than CGP's, especially with a stake in 100% of ENSA, a proven Tier 1, a possible Tier 1 and multiple other prospects, added to Bramadero etc with a much more realistic prospect of development without persistent cash calls...
However...to get such a vote there must be either or both a big concentration of CGP holders 'in the know' about Bob's M&A intentions...or a goodly proportion of the latter and a substantial and growing number of believers in the prospect of a takeover battle (like here)...
You can be pretty sure that there will be no Quady's in the new investors...why jump out of the frying pan into the fire...
So in conclusion, while there may be some initial weakness in the SP, Bob has a new army of supporters ready to vote for a takeover by the highest bidder, with a far more realistic opportunity for monetisation and profit than CGP, who in recent years had to sell SOLG shares to keep the lights on; had already racked up at least $50/60m in contingent liability for Cascabel; and with no chance of financing Bramadero without a penal J/V...
AIMO as usual
Quite right addicknt, I made a mistake, whilst shares are held in treasury voting rights are I believe suspended.
Q, I may be wrong but I don't think treasury shares have voting rights.
Same man spotted in local chippie,
Come on guys, is it not blindingly obvious what's going on?
Bid first thing
I agree addicknt shares in treasury to be used as voting rights after strategic review, which if favourable to the market, we will be able to sell at a higher price to advance Cascabel in whatever way the strategic review recommends.
That'll be*
That'll the the closest the company comes to a production report - the number of Tilapia we've managed to farm in 2022.
I guess we'll find out the answer to my question when the next quarterly review is published.
Whatever the answer, if I were running the show I'd hang-on to the shares which will be heading for our treasury. It would be insane to sell them at the current ludicrously low price, particularly as we are currently wedged-up. They should be kept in the drawer for a rainy day.
Monte he was wearing a red high vis and a hat lol!!:),where does all this rubbish come from??
If it is of help, I believe the workforce numbers have been reduced, however they are not sitting around doing nothing, we just don't know what activities are being persued.
Which bar was it? If it is the one between Quito and Esmeraldas on the right side near the Solgold bakery, then game is on.........
Addicknt
Are we still paying 800 people to do nothing ?
Does this mean a bid is imminent?
know that cost savings have been implemented, but it would be interesting to find out what our current cash burn is.
Where exactly have savings been made? By how much have head office and admin costs been reduced? How much is currently being spent at Cascabel - what's the split between the work on "enhancing the value" and day-to-day running costs?
In other words, how long will our current cash pile last?
I did say February. ..just as Chinese New year ends ,read what the year of the rabbit brings too the Chinese then you'll understand gla
OC because we needed urgent money in. We had to have that money in or sell the company at that time. But during that time we had just got rid of Ayten and DC was still talking Plan A and Plan B bs.