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.
Comments of Chairman - "In my assessment, the weakness in the organization has for too long been a culture of non-performance in the corporate office." As I previously said - incompetent board of directors
The longer I think about it the more shocking Twiggers comments - how long has been Chairman for him to have realised this
Solgold assets = £. Cgp assets =£. Add them together =£. 13.5p ...YOUR HAVING A LAUGH !!!!!!
Bubble...you make a very good point...
Lets have a reality check.
Cashed up for 2023, SOLG is definitely worth something...
The marfket nowhere near represents the real value of SOLG, but you can't blame them...
Committed investors like us, fed up with waiting...
Weak holders and 'Jonny come latelys' selling and moving on...
Jam tomorrow and dreaful incompetence and rubbish Comms...giving Fawzi the benefit of the doubt, his hands have probably been tied, so he's fielding all the criticism, passing it onto management and unable to response fully and properly...
But I say again...this is worth SOMETHING...and its a helluva lot more than 13.42p...
There can be NO MORE DELAYS!
Get it sold!
Red, how do you square us searching for a new CFO (when are we not!) with your view that we are looking to sell the whole company?
This minimal info we've had from the company of late - today's RNS and the MD&A - point to SOLG existing in some shape of form beyond whatever the outcome of the SR is. It looks like we're going to go back to being a leaner organisation focused on exploration. If we find a way to sell Cascabel and return proceeds to shareholders (and get a good price for it) then the SOLG investment case becomes an interesting one again in my eyes, albeit one that would then come with the risk of being invested in a junior explorer.
I might be wrong, but one of the issues with the "rinse and repeat" strategy is that they would essentially be asking investors to buy into a company that never intends to generate regular cashflow. It might make sense to go down the JV route on some of the other licenses should there be potential to actually build a mine. But hopefully not at Cascabel. We've suffered long enough and need some sort of reward.
I'm fascinated to see what Bob Sangha and co manage to deliver in terms of a return to shareholders here, but also slightly wary of the fact that that whoever is sitting on the other side of the table will know we are desperate to get Cascabel off our hands. Vujcic's "adequately studied" comment in today's RNS is very cryptic.
I agree Sharket.... but rinse and repeat? I flipping hope not!
I think having a CFO is rather important when you are having discussions about selling assets or other deals.
Especially if it involves a number of stakeholders. They all want to talk to the CFO or at the very least expect to talk to the CFO!
I don't think it searching for a CFO undermines anything that they have said in previous RNS's or whether it be a full asset sale or not. You must always be looking at plan A and B not just plan A.
not sure anyone should be happy to describe their work as 'adequate'... just about good enough..... it will do.... levels of excellence
I took the the words "adequately studied" in the context of the rest of the RNS / quote which goes on today they are spending cash on ENSA where it it needed and I think the sentiment is that all the advisors and experts that Darryl had brought in to maximise the PFS etc have led to Alpala/Cascabek being "adequately studied". Therefore... time to manage the asset using internal resources and brains and package for sale or some other kind of deal.
You have to read the quotes in context of them looking to reduce Capex and expenses that involve other parties / advisors etc. Remember.... Mather et al were doing the Alpala financials and dealing with Franco and others. It was Dazza that thought bringing in a number of experts from the mining industry would ensure Alpala options are thoroughly explored. There does come a time when you have to say enough is enough and lets leave it all to the next man to do.. Let's face it if a Major takes Alpala on, then the PFS will be ripped up imho and started fresh. If a JV deal is done then I suspect some of the PFS will work toward that agreement but ultimately it will have a fresh take. So no need to be spending millions on outside advice.
End of!