Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. 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.
Mothing much to see here...move along please...
Addicknt how about a scenario where we do a equity raise at say 25 pence a share and bring another party in .
This works for two reasons.
First any person or persons coming in would acquire a block without going to the open market and thus paying less.
Second it would force BHP and NCM to take part or get diluted.
To suggest NM has "given up" on SOLG is pretty daft - he has way too much riding on this.
However, as far as future fund raises are concerned he's looking pretty exposed. Obviously, we can't be certain of his personal situation, but DGR only had Aus $2.5m cash at the end of July and I think it's safe to assume that in the absence of them raising more money, they will be unable to participate in anything we end up doing.
Naturally, this means that a placing/Rights Issue would be last on his list of preferences and I'm sure he was lobbying hard for another royalty deal, which of course brought him in direct conflict with BHP, who, yet again, got their way.
This implies NM finds himself in a tricky situation; so what will he do? Accept significant dilution, or push for some form of liquidity event? If he opts for the former his voice will become almost irrelevant around the table, and any power he had to influence events will be much diminished.
For me, this conflict of interest between NM and BHP/NCM is the key driver of how matters will unfold and it explains much of what has happened over the past couple of years - and it ain't over yet.
You can't get that much for confetti, so probably had to put his hand in his pocket instead
Nick normally sells a load of shares off during the summer months to fund his charitable causes/foundation can't remember exactly what it was, I noticed he hasn't done so this year unless I missed it.
Anyone got a thoughts on this? Good sign he is expecting some positive share increasing news? or has he even he has given up on Solgold....
Spot on Lunchmoney
me too
And Ray
And me
This share is not being artificially suppressed.. it’s just no one is currently interested.. even at these prices, the big boys won’t touch it until our board clearly show a funded way forward..
Only people buying are Redknight and his mrs.
So obvious price being artificially suppressed. But by whom?
DBW , I'm holding tight , it'll come good.
Cov …. Looks bleak now but it won’t once this kicks off. I know many don’t believe a bid will come but I do and it’s getting more and more likely by the day
re13:23 Darryl won't get shafted , he hasn't spent a penny. Its us shareholders that would get the shafting.
Factor in 20% CGT when these shares do (hopefully) recover and then it makes sense to have them in your ISA. It also seems to me inevitable that Labour will get in at the next election and who knows where the CGT rate will be then.
Is that what you just did lutho...? Cheeky or what...?
126,810 out at 15.80 and 125,707 back at 15.83...
Clever. Good luck.
Good opportunity for a bed and ISA.
I've added a sympathy tick for rich too...
GL
Not when they need $ to keep the lights on…….
The stronger the $ the tougher it is for solg to navigate this…….
You're the same person at 39p pre pfs who told me to go away I didn't know what I was talking about..
Leave it there..
Ray I don’t need to be hearing any criticism from you - as someone who’s only been here for a relatively short time. I’m on record over the ~ 9 years I’ve been invested in solg of being both upbeat and critical of the way this company has been run. Best wind your neck in mate ;)
That's ironic rich seeing as you scoffed away anyone who didn't believe in solg... own it!
DBW - I sincerely hope NOT to see any reference to ‘shareholder value’. That would be insulting. The current sp is shameful !
Aimho but I’m one very unhappy shareholder ….
MD&A tomorrow Red so at least we’ll have something tangible to discuss ( not that there will be an awful lot to get excited about) major shareholders updated too .
People today talking about a smelter deal.
We cannot do a smelter deal for exploration, we can only do one for Alpala, as it would be ring fenced and could only be used to bring us to DFS and start construction.
Agreed DBW...
Meanwhile, short of a soecial situation, nothing is going up before the dollar corrects...which is long overdue!
Inverse correlation between dollar and commodity prices, but...
A collapsing pound makes UK quoted shares much cheaper for dollar holders...