George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. 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.
Confidentiality agreements flying left right and centre . Something is brewing.
Morning all,
Let's hope for a better day trading.
Very good appointments in this RNS, looking extremely interesting to me, it’s a bit of a bugger being in the dark as to how they are playing this, but something has to be brewing in my mind anyway
Atb
A good thing, that should read, not a god thing... although given the way Quady thinks, who knows.
The expanding payroll is just the first step into the quagmire.
Everything from here on in is a moneypit.
We may be technically on the journey with them, but we ain't on the gravy train with them.
Looks like SOLG is back to being a trading share only - 25p to 28p range now established, but I expect the cycles to be downwards towards the 19p mark. 24p - 27p then 23p - 26p, then tightening up and making it harder to trade, 21p - 22p etc as hope of a bid fades.
There is obviously some residual hope out there that BHP or others will step in to save us from ourselves, and that's what's propping up the price at this level. Any confirmation that no bid is forthcoming and we will be down into the teens immediately.
Once the "fundraising" begins for the "going into production", it wil be anyone's guess - I think we may settle at 10p or below for years to come.
When we are at 10p, I won't have much more to say on the matter, but Quady will be here to explain why it's actually a god thing.
Mr Loyer left BHP in 2000, these were his roles
Technical ManagerTechnical Manager
BHP Escondida OxideBHP Escondida Oxide
1998 - 2000 · 2 yrs1998 - 2000 · 2 yrs
Antofagasta, ChileAntofagasta, Chile
Concentrator & Mine Maintenance ManagerConcentrator & Mine Maintenance Manager
BHP TintayaBHP Tintaya
1996 - 1998 · 2 yrs1996 - 1998 · 2 yrs
Yauri, PeruYauri, Peru
FCP ManagerFCP Manager
BHP Pinto ValleyBHP Pinto Valley
1992 - 1996 · 4 yrs1992 - 1996 · 4 yrs
Miami, Arizona
I guess Botts is the replacement for Jason - without having a position of the main board. His cv looks highly suited to the task.
Mr Loyer is ex BHP.
Plenty going on behind the scenes here. NCM and BHP best chance with SOLG in avoiding counter offers is to seek a JV deal with SOLG. That's their best option. Going hostile just brings in the likes of Rio and Barrick et al.
When did Mr Loyer leave BHP?
Fortissimo
That’s exactly what it sounds like
That's good more payroll and share options granted!
Solid appointments. Feels like JV preparations.
DBW missed that was typing more board members more outgoing good or bad where's the funding coming from or a planned takeover or j)v with bhp next step in this long awaited road to come ,this is draining ATM am off till autumn enjoy
Hey Ray. How are you buddy?
Appointment of key executives
Fortissimo,thanks for some clarification on that true it does have fluctuations,perhaps this time they do get caught out with an offer ,right time to concentrate on my o&g share and HARL before weekend indeed enjoy this hot spell am out fishing weekend in the boat
how much non-hypothecated cash we have left? i.e cash which is not ring-fenced for Alpala. I'm guessing it can't be that much.
Any views?
It's what they call a round trip Bubble. May to June... the stock was 10p UP in a month as Norges and Blackrock bought more stock. Then in June to July it drops 10p. On a two monthly basis, the stock is UNCHANGED.
Not many larger block trades after hours so looks like the big boys are done for now.
What I find interesting is the blackrock trades. It looks like they bought back (or closed a short instrument) nearly 1%. They are no fools and know the market was heading for summer drifting and volatility due to inflation and rate rises etc. So why would they be in a rush to get that holding back to and above 5%??
My guess is that they know (like a few of us) that something is brewing and about to happen. Always happens when you least expect it. BHP made their first aggressive bid for Noront on July 27th last year. Might be a coincidence or perhaps it's the 'ripe' time to make a bid if you want to get it all done and dusted before Y/e as these things can take months to conclude. Noront deal officially ended with Wyloo on Dec 22nd.
Share price has been up and down between 25p and 35p a few times. It's the SOLG trading channel.
What we need is some good news on Moran and some more eager beaver buying by Norges and we'll be 35p+ again in no time. Enjoy the sunshine. Not much else to say on SOLG at the moment in absence of news. So quiet times. Then.... boom!
Placing is an option OC but most expensive way to raise capital. Think there are various other options for the company to raise capital especially with the addendum being out. One is obviously to get another strategic in and second are offtake agreements.
Standard Solg when we are starved of any news ..... and progress due to conserving funds.
Its almost a tradition for Solg to wait for the share price to fall away from recent highs before announcing a placing.....
10p down in a month hmmmm
Hi skull, not using any apps, just following the trend and not getting caught up in the rampers wishful thinking. Once you can get your head round there's more than likely not going to be a bid this year it becomes obvious this is going to be heavily traded.. My advice is take a relatively small portion of your overall pot and trade it imo.
Gl
Thank you J.Maria_Ibarra I thought it was sooner but couldn't find reference.
MRS. Hi,
If you actually looking at my posting history you find out I am using that trading strategy for a long long time now, (increased my holdings quite nicely in the process...)
Not always very successfully but definitely no complaints overall....:)
Just saying....
No idea how "walking" got in there, should read "along with" :)