Firering Strategic Minerals: From explorer to producer. Watch the video 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.
DM - it was dismal... I was expecting him to say that they have agreed a multi billion dollar deal with the chinese and pay day is coming very soon.
But he didn't. I'm now off to sell all my shares an invest it in some half baked AIM penny share in hope I can double my money in 4 hours.
Sarcasm aside, I think the highlight is not in this Q&A presentation, the highlight is in the Chinese buying more in open market. That tells me more than anything Scott 'can' say based on a NON RNS'd presentation.
China is moving toward a growth plan and stimulus planned could see copper in fast demand which in turn will focus minds back to the supply deficit which the market conveniently wants to ignore right now as adds to inflation woes. The reality is, sometimes 'fast and smart' becomes.... 'tread water and bide ones time' as the market will be a much better place in H2 than in H1.
Now... must dash... I need to go and post on a stock that I'm not invested in. lol!
This is a now a share to be traded for the foreseeable… not sat on like a rotten egg
Ortherncopper, you better tell the chinese about your concerns as they don't seem to be buying your negativity.
He said we are mine finders not mine builder's.
But then went onto say as part of the strategic review, if someone was to put up a sum of money, as a JV then that's an option.
The strategic review is clearly a very convenient mechanism for management to hide behind when nothing is happening…. It’s very convenient to be able to say ‘I cant comment as it’s part of the strategic review…’ and it’s very convenient to not have to explain to investors a total lack of any progress….
So in other words this SR is just standard management of any company looking at opportunities and risk.
Only take away is there are people in the data room and that’s it.
Magoo… that’s because we are not exploring anything… we have funds as long as we do nothing…
No funding needed at least for the next 12 months. Good to know
Total waste of time… Scott is just fluffing out generic crap everyone has heard a hundred times before.. Standard Solgold, different CEO… same result…
Based upon the comments just then RE strategic review - that it includes internally reviewing other prospects such as Porvenir, and has no fixed end date - it becomes devoid of any meaning, and is basically a smokescreen for the company to muddle through without a clear strategy.
Very very clear. Solgold will not be mining Cascabel. We are trying to maximise our economic value for a sale to a larger more able Mining conglomerate.
I have just asked this:
"Why does the company think it can improve on PFS - especially given that the PFS was put out to industry experts. Does Solgold have in house expertise to optimize - given that so many of the staff have now departed?"
Ouch, this is such an own goal, dull, uninformative, and utyerly pointless....
Presentation nearly over. Time for the Q&A now but quite underwhelming so far
The renegotiation of the IPA will involve a significant write down (approx $145m) of the financial commitment SOLG made, which was due to be spent by end '24. How SOLG go about justifying this and convincing the govt that SOLG are the best company to move this forward will be key. The company does not appear to be negotiating from a position of strength.
This presentation has been poor at best. Perhaps the Q&A will liven things up.
I don't know whether to laugh or cry!
Anyway, he has repeated that we are mine finders, not builders.
Jeez…. Scott has gone as dull as Mather
So nothing new, what a surprise.
Hope the q&a shed some light but I doubt it.
Fast and smart? Jezz!
Volume is your friend.
The sp moved from 15p levels to 19p levels based on high volume.
And then the fake move.... the price moves from 19p into 16's based on very low volume.
Volume is your friend !
Realistically the presentation will be uploaded AFTER Scott has gone through it at the investor meeting. I would not stress about it.
Rather, just fantasizing, I wander if the price is being walked down in preparation of the meeting, to later show a positive response to Scott's presentation. Just a fantasy out of boredom really, all mining is down and we are no exception.
GLA, let's hope today the dial gets moved a bit!
"The presentation material will also be available on the Company website on the day of the presentation"
Nothing yet...
ColonelDrake you must be joking if you think you are an experienced investor.
An experienced investor would be quite within their rights as a shareholder or employee to understand the cooperate strategy.
Only an inexperienced investor would pretend it was normal to say nothing.
I cannot think of any successful company, that refuses to tell it's share holders or employees what the strategy is.
That's a key requirement.
'they're' not 'their'. Can't believe I did that...must be my inexperience.
Fort, "the more experienced investor", that really made me laugh. And as for you "knowing what their up to"...you haven't got any more of an idea than anyone else. Everything is guesswork and supposition, which, someone with your experience should know.
Addicknt, no offence intended but the more experienced investors or II's know exactly what SOLG are up to. They don't need it spelling out. They also know that self imposed deadlines Maxwell be counter intuitive to the end goal.
It's pretty obvious that the outcome of the SR is based on the outcome of negotiations with various parties. Hence a monetisation event may well follow very swiftly after or not. The point being... you have to work with potential partners and buyers to some extent to find out what they want. Think of Alpala like like a very large house with lots of rooms. Do might have someone that wants to convert it into a hotel or someone that wants to convert into retirement home or someone that wants to turn it into flats or commercial offices etc etc. Many interested parties all have their potential profit/development ideas and most want to avoid risky events hence block cave is not something you just buy into without knowing everything about it. BHP, NCM and Newmont have advantage over Chinese (imho) in that they know block caving. Perhaps the Chinese would prefer to JV with BHP?? or Newmont?? Spread the risk and buy in the expertise? Loads of variables. But I'm afraid you'll just have to accept that you are not selling a bag of crisps at a petrol station here. It's complicated and it's going to cost billions to the tune of at least $5bln and that's before profits roll in. Big money. Big decisions.... all take time.