Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. 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.
For the fight fans - Charles Oliveira this Saturday night live dog - 31/20
Cheers Slug but don't say nips unless you're talking about the ones on your chest.
NM and co take a look at shg (shanta gold ),that's how you let shareholders know when there's a bid !!:)
VT Any thoughts on the VWAP and the possible implications?
Fortissimo,totally agree with you there suspend trading pending news ,leave the shorters with thier pants down as they say and a low them to bid against each other makes sense
It wouldn’t be accepted but if it was recommended, then all interested parties would have to show their hand
42p deal... Can't see that being accepted.
Sean - fear not. VWAP games under way. The longer they pin it to 16p the better the 90 day VWAP. It's heading sub 21p soon. Most offers these days use VWAP as benchmark to accompany their offer price to make it sound like a generous deal. eg, 42p would be a 100% premium to the 90 day VWAP.
About 6 weeks ago, the VWAP (90 days) was around 28p I think). Hence that's 56p for a 100% premium headline. Big difference to 42p.
You can see the controlling hand on the book as the largest chunk on the bid is always stacked around 16p regardless whether the sp is 16.7p/16.9p spread. That higher block volume on the bid has not budged for a while now. That's how you know games are underway. My guess blackrock... but lets not kick that off! They are of course entitled to do what they like. They've been busy on Capricorn too post Tullow deal / counter offer.
Yes SOLG must soldier on with PFS2 as it lays down a marker for value pending any offer / sale talks. But DFS?? Seriously... if post the strategic review, SOLG elect to put the asset up for sale via an auction process or something along those lines, then there's no point in spending another $50m+ getting to DFS. Any buyer whether PE firm, consortium or supermajor will simply rip up SOLG's PFS and stick it in the bin! That PFS is for cash strapped companies wanting to take on a project that's way too big for them. Should BHP win on a auction for ENSa or SOLG as a whole, then their PFS will likely be double the size of SOLG's. You'll be looking at double the Capex but triple the profits. It's always been an asset that attracts 'scale'. It's a volume business when you have around 0.7% PM's pt. You won't get BHP labouring over 0.2% CuEq on low volumes.
Assuming the company needs cash to see them through the sale process (6 months) then the 6.7% CGP holdings in SOLG should suffice. Another $50m+ for DFS is just waste of money. They can spend or raise that should they not find the sale/auction process fair value.
I'd like to see the next RNS that arrives heads up with 'Suspended' pending offer talks. Lock out anyone on sidelines and reward all those with current skin in the game. Then commence trading again when offer announced hopefully around 70p+.
The best xmas Mather could deliver imho but bidders can get ahead of themselves and bid way past 70p+.
Say they achieve a VWAP around mid 16’s, then CGP place their shares with Mitsui ( or someone of that ilk) at a premium of 50% giving a price of 25p ish. These shares are then lent to Solgold whilst merger is completed.
Market and shareholders are impressed and another big player enters the fray in the process.
We are then a completely different prospect funded and more good news expected. Price would very quickly get back to the 30’s. Everyone ( with the possible exception of BHP/ NCM is happy again .
Then it’s game on.
Probably miles off the mark as usual but would explain the share price being stuck.
There we go, that bloody seller with a UT over £100k bringing the price down by tge end of the day.
Slug, I believe you do not give common people here the credit they deserve, please do not patronise us by pretending to save us from the big wicked world out there, what you are doing is a mirror opposite of what slug is doing and basically trolling anyone who doesn't follow your line of thought... enough said
ONWARDS & UPWARDS
Slug is always with us lol.
Almostdone he was here, he just got deleted again.
Slugs not on the bb at the moment but some people here just want to involve him/her anyway. Unbelievable.
Seanhunter by giving him the time of day helps recruit others, even if he doesn't recruit you.
He is not bothered about winding me up.
He wants a platform for his views.
He's hardly going to recruit me Quady, I'm in one of the minority groups he regularly offends.
He does it to yank your chain and it works.
At least he's not trying to convert anyone to the Holy Church of the Diverse Book 24/7.
Seanhunter that is complete rubbish, I am someone who is not easily offended.
This individual is vile.
He hates anyone who is not English.
Thinks women are only here to be abused.
Trys to blame the poorest in society for his own problems.
His plan is to recruit people like you.
And you defending him, is giving him what he wants.
Quady his first few posts are always about Solg - then you get involved and it turns into a dumpster fire. I think he only says half the offensive things he does just to annoy you so you go running to teacher.
He has said on ADFvN tgat he expects another piece of tghe jigsaw to drop this week so I am curious to see if he is correct.
Seanhunter if you think Slug makes insightful points then you are easily taken in
All he talks about is level two and sets, and quotes from the internet.
Every investor on here should know this stuff.
He is here to spread hatred of ethnic minorities, and to devalue women. He also blames the most vulnerable in society for his own failings.
To feel sorry he is gone is not something to be proud of.
I take it you weren't here when he was Goldfingerer, Rogermellie or Sidthesexist.
He was more vile and disgusting than he is now.
Hubrishunter, novicehunter, seanhunter... I hope Slug takes inspiration for his next profile name.
The tragedy is, Slug actually makes some insightful points - and decent predictions - before him and Quady start their comedy routine and everything descends into chaos.
DBW they know there stuff over there imho I was born there :):)
Agreed Dbw, this guy is a dealmaker. I would love to know how the CGP and SOLG merger came about - whether it was Citi's idea or the first move was made by us/them. The agreement to put the bad blood behind us and come to a mutually beneficial agreement that should hopefully make everyone some good coin. I wonder whether Nick was allowed in the room at all!
This is why Bob Sangha is so important to the recent deal
“Maxit Capital is an independent investment and merchant bank offering a full range of financial advisory services to global corporate and institutional clients. The firm partners with clients from across the globe to help them source, analyze, and execute value-enhancing merger and acquisition opportunities. Maxit assists corporate clients in developing financing strategies and sourcing competitive terms on private placements of debt and equity, as well as alternative forms of financing such as royalties and streams. Founded in 2013, Maxit Capital is based out of Toronto, Canada”