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.
Never mind the silly SP......today news following last week one,means we are getting closer to material change of momentum,....
While the volume of trading is so low as is the case recently its very easy to manipulate the price to suit the M/M.
GLA.
π€ I wonder who is the biggest consumer of copper in the world?
Do we already have a Chinese government owned company holding around 6% of SOLG.???
Quack quack π¦π¦π¦π¦π―
China-Ecuador free trade agreement to take effect on May 1
Updated: April 29, 2024 19:08 Xinhua
BEIJING, April 29 -- The free trade agreement (FTA) between China and Ecuador will go into effect on May 1 as both countries have completed respective domestic approval processes, the Chinese Ministry of Commerce (MOC) announced Monday.
Bbg. You really must stop thinking people are stupid.... This latest blockbuster from you, is on a par with you uk, aus, italian, nationalities. And your claim to hold 8,000000000000 shares
Yesterday's financial statement from solg.
"The proposed Financing is expected to be subject to certain conditions, including the receipt of necessary permits and agreements,"
Then today, without a scrap of evidence, your telling us, they all ready have these agreements and permits, but there keeping them secret.
Roll up , Roll up.
Come one, come all..
Cascabel is possibly the only Tier 1 Copper-Gold asset in the world that is not owned by a global, multi-national mining company.
Quack quackπ¦π¦π¦π¦π¦π―
We'll also know the outcome of the Anglo/BHP situation around wednesday next week. BHP need to make a formal bid by then or clear off.
Whilst I don't think SOLG is crucial to BHP's near term plans, I certainly think SOLG is on their longer term plans. They've publically declared a huge interest in bolstering copper resources / production so not rocket science to see how SOLG fits with them.
Barrick active in Ecuador and Gina R recent foray suggest both think Ecuador is likely to be best bet for copper supplies 4 to 5 years away. When things get tight in Chile, Peru, Brazil, Argentina etc... through M&A / consolidation, then Ecuador is going to be very hot property. No wonder Barrick and Gina (and twiggy) are in there early doors.
The fact we are conserving cash and doing zero exploration suggests that it allows interested parties to pitch offers based on where we are now. If we we're actively exploring and hitting big holes, then it complicates things as valuation moves around frequently etc. I'd have preferred some exploration over last 18 months to help with the long drawn out ENSA discussions but it is what it is and if Bob brings it home... all good.
Yep, agree. And on that note I am logging off for several weeks. GLA
I think that's the long and the short of it Fort. With funding secured and a healthy pipeline of news in the offing, the next few weeks might be the last time to buy this share in single digits. Fingers crossed.
Nedk,
I believe there are some crucial land purchases still ongoing and these can often take longer than thought to get sorted.
The key thing for me is that the tailings/waste plans must be complete subject to land purchases etc which was very important as without it... there would be zero chance of the environmental permit.
In a nut shell... when SOLG has all permits... they are open season to predators and it's clear Bob has a deal/plan to ensure that when news arrives... we have a defense against low balls. Or... like some think... his game of poker is down to the last hand and if someone's playing silly booogers then they'll face losing it to a finance deal if they are not careful.
We are into the final phase of this saga.
It's strong buy from me but remember... finance packages can fail at last minute so not done and dusted btu clearly Noboa wants it to happen so suspect they'll be a few plan B's should one party back out anyway.
Surely if the management thought they were getting death spiral finance, theyβd be offloading their shares en mass?
They all seem pretty bullish
If a deal is close to being done then why go yo a show late in June.
Smoke and mirrors?
Ned
Addicknt I have always believed the management, that's why I am invested.
That's an interesting one as the deadline for the exploitation contract was June 6th. So if they have moved that to June 30th, then I think we might have a guide on when they expect everything wrapped up.
I've said for sometime now that once that exploitation contract is triggered... it's game on so that was always the key deadline for all parties.
So Noboa is on board as he's extended that deadline and suggests he must have seen something to back down and extend and help all parties get over the line.
Exciting times... I've kept some powderdry but am now actively buying chunks when mm's are generous sub 9p or above as this is going to kick off big time.
We are almost there solgers. And the increase in green lines suggests they are rattled.
Needabrain,
Yesterday's announcement is designed to be vague as is today's "Unaudited" MD&A.
- No confirmation of source of $10m funding.
- No confirmation regarding status of strategic review.
- No confirmation what outstanding permits have been received during this period, and or are still outstanding (Development Stage Exploration Permit).
- No confirmation of the status of ESIA.
- No confirmation of the status of IPA.
- No confirmation of progress re 'right of way/land purchases for tailings site and concentrate pipeline ongoing'.
Why are they being vague? Maybe they have a bird in the hand, and they want Newmont and BHP to continue guessing.
You, stackhigh and Tesla1 continue to spread baseless negative sentiment which is quite jovial - I am starting to feel really sorry for you guys. I just hope to god the shareprice remains at this level for another 6 weeks as I have a big invoice coming. I can't wait to screen print and share my next share purchase with the telegram group. Its going to be a big one
This is all pretty binary now, isn't it? You either believe the management, or you don't.
Apologies, I should have specified financial y/e.
With regard to your post relating to the IPA, given that we've already signed HOTs, Letter of Intent, or whatever it was, and have been in discussions for a long time, my feeling is that the issue has been dealt with.
Apologies I read your post as calendar year end.
This two IPAs business is the thing that sticks out the most. Before we were told the new IPA would take the place of the previous one. So this is new news in some respect. I maintain that any buyer will be acutely aware that SOLG is $162m short of what it committed to spend on exploration at Cascabel. This was a serious misstep by former mgmt IMO and is inevitably holding the process up and weakening our hand in negs.
Redknight1,
No idea where you are getting those figures. It's clear ... they have burned $8m or just under in last 3 months.
You've been suggesting the cash burn is much lower for the last 6 months yet each time it comes in, it's around $2.5m to $3m per month.
Hence why in the statement today they clearly say funds up to Sept 30th and that's based on circa $11.5m.
Read the numbers. They are there in front of you.
Addicknt, RE your 7.45 post - SOLG state they expect the exploitation contract to be finalised before the end of the financial year, so by June 30th.
Your wrong bbg.
it should read.
bbg 8 years in desperate denial having spent his wife's money.
Tesla, under the skin of the rampers, because they hate the truth
Bbg, your completely delusional.
on the one hand you tell us what Scotty boy and co say, is to be believed.
now your telling us we already have the permits even though, they told us yesterday the financing depends on us getting the permits.
what's it to be ?. do we listen to the board, or do we ignore the board. and wait till the next day
and await your expert advice
I thought they had enough to last them to September 2025 or am I reading it wrong. A deal or jv should be completed by then. So to me this is a done deal. Please let me know if I am wrong, thanks
BBG: 1,47m shares
Tesla1: Zero solgold shares (but receives $0.50 per negative post)
More than 3 months woody...
The Operational cash outflow for the 9 months to March was $7.6 million...
But for the last 3 months was only 800k, I.e. 270k per month.
So $10 million will last for the rest of the year at least unless there is discretionary spending.
And given the impending funding deal, rising metals prices and the strategy of seeking a sale of SOLG, I dont think you need worry.
And it is of course a Facility, only drawn as needed.
But as I've said elsewhere, I believe the funding deal will produce a large enough SP rerate as to make a sale of the CGP shares viable.
But the company has said they have no intention of doing that, which persuades me that a funding deal is imminent...