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.
Ignore the idiots Shippy. They are out in force at the moment
Shipwright, stop being silly.
SM, again I agree. If I were buying I'd want to have as much watertight protection in place as possible.
"We are not mine builders"...we should not forget this comment, even if some of us have known it for years.
DM, was just about to ask whether or not we were aware of how much has been spent on Cascabel to date, as when the initial IPA was signed in Nov '21, we committed to $430m of spend from 2013 to 2023, and claimed that by end '21 we would have spent $238m. From the latest MD&A, we can see that we spent $17.2m in H2 2022. I can't seem to work out or find the spend in H1 2021 as we change the way we report (some times 9 months, sometime quarter ending X date). If we assume we spent similar (which is a little crass). That brings us up to a total of $270m or thereabouts, leaving $160m committed to spend this year, which we don't appear to have any intention to do.
Are these figures sound to you or have I missed something?
I imagine that this in part is what is forming the basis of the renegotiation, along with the "other benefits" that weren't previously available when we originally signed in Nov '21.
The issue any prospective buyer might have is whether a revised IPA will hold weight under a potential change of leadership.
Addicknt, I think the investment protection agreement we are renegotiating with the current gov't is a bigger piece to the puzzle than many think. Much more so than the China/Ecuador FTA. From the latest MD&A:
"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."
Perhaps RR has a point as this is key to protecting capital investment for whoever ends up building Cascabel, and we have until Dec '23 to complete it.
Sorry, do you have access to my phone?
Shipwright, the hilarious thing is, youve just perfectly summed this board up.
"im right your wrong "
you dont even realise youve proved Italians point.: " the ignorant ones are adamant their right"
you silly man. you no nothing of bbg, but your ignorance makes you so sure
SM, a bit of a shock that Nick Rule suggests that 4 to 5 Billion Dollars will be required to build a mine at Cascabel! That much financing, ouch!!!!
Lundin Gold, he says was much easier (smaller amount ) and the return was excellent on that mine's development.
SM, agreed, if the intention is to sell the financing is largely irrelevant. The politics is not. I'm unclear as to the extent our understanding/agreement with the government provides a level of comfort which a third party would be happy with. Any clues?
I'm right you're wrong.
In this case it's that simple
Shipwright, bbg, was called out years ago. he said he did 6 months in Australia and 6 months in the uk. it was pointed out to him that no visa has ever existed to allow this. it was also pointed out that he only posts uk day time, when does he sleep.,
so I suggest you save your protestations for someone who deserves it. not an abusive fantasist.
I can see the logic in the point he makes about political risk, less so on the need to provide definitive financing. SOLG also claim that Cascabel has been "adequately studied". Just over 7 weeks to go before they have to provide some sort of update on the SR. In absence of a firm offer I suspect we'll be told they are "in discussion with interested parties" but will withhold whether that is for the whole company or Cascabel. MD&A should make for interesting reading.
BBG is what he says.. Known him through this share for years.
You, on the other hand slug,...
You are right, Quady, Rule often speaks sense. However, I'd point out that a few years back, when he stated SOLG was a takeover candidate in the shorter term - which he did on a number of occasions - there were people on here saying he was talking through his hat.
It's funny how people's views of him change according to which song sheet he's singing from.
In the meantime, we wait patiently for the Grand Reveal. Let's hope it delivers on the promises made.
How many more years bbg. youve been proven to be a fantasist with your claim to be a Byron Bay resident. youve been proven to be clueless with your ridiculous £4 a share by xmas many years ago. even one of your gang is reporting no takeover this year. and still all youve got to offer, are your ridiculous conspiracy theories. really mate, your looking sillier and sillier by the day
Code 1 buy lol!!:) Onwards and Upwards gla
Thank you Mog.
As usual Rick Rule talks sense.
Not only he doesn't see any bid for twelve months.
But in order to get a bid Solgold are going to have to put together the financial package to construct Alpala and the government are going to have to be a lot clearer on the future of mining.
Jeez Mog, be careful posting that kind of stuff. You'll have a procession up to the carpark parapet!
This was posted on ceo.ca by iron75
Rick Rule speaks about solgold not being a takeover target in the next 12 months
Starts at about 8:20
https://www.bnnbloomberg.ca/market-call/full-episode-market-call-for-monday-may-8-2023~2681268
BBG ,their own fault if they get caught imho
Be careful shorters....
There you go again italian. can't help yourself. who do you refer to ,by useless posters. are you referring to those who have seen their fortune disappear, and mislead new posters, with 10 minute sp updates on what they dont understand or daily opinions, that dont match the facts. and like you daily dismiss any questions on company direction. or are you referring to the posters who try to see solg for what they have become. the facts italian are that the sp has dropped from 50p to 18. with absolutely no evidence of any improvement. also the company does appear to be run like a boot sale. that my friend is not useless. its facts. and for future reference, I object to being called useless, by someone who is clearly not in a position to comment on anyone
I have no issues. I use Adblock Plus on my Chrome browser and the only problem is with the useless posters, not the website.
No problems here. The mobile view changed a td over the weekend but all ok now. Have you guys not got ad blockers? I have no issues with LSE whatsoever.
Agree it's a bit of a mess to try and get on at times ,lost it on my laptop ATM going to have to restart it again