The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen 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.
From the technical study is that the company has been presented with numerous options as to how to progress matters, (interestingly the report states that the process began in 2020, well before the SR was launched) and the delay in announcing something must be a result of the board weighing up which way it wants to go and negotiating the best deal. What a great position to be in.
Will they stick to their stated intention of realising shareholder value via a disposal? Or have they changed their minds? Either way, it's now apparent why Caldwell and co are seemingly so confident. I just wish the market would would catch up with what's been going on.
'Now, at 1/5th its then share price, Solgold’s £204m market cap compares with £117bn worth of gold and copper measured and indicated resources ‘in the ground’ at Cascabel alone – regardless of other promising exploration prospects. That is a value only 0.2% % of high quality resources, when in healthier mining markets valuations for most mining projects would be in the 1-2-3% ranges.'
-
This is Cornford from Feb 2024. You can see the upside. Monetisation of SOLG's assets is essential. Sell each asset to the highest bidder (Cascabe, Porvenir (7m) etc etc). I am sure most would take a 2-4 times upside from here. Hanging around for production is a mug's game as you can see at GGP. Most on here will be dead before SOLG's assets are producing meaningful revenues and profits
''Now, following a long needed merger with key Cascabel shareholder Cornerstone, the latter’s management has taken over, although hadn’t yet been able to lighten the gloom.
Since the 2019 feasibility study, Solg has been bending to shareholder demands for a more easily funded plan, if not for a sale of its various projects, so now it has come up with a new Cascabel study for a cut-down plan showing an initial capital cost of only $1.6bn, still (at a higher $1,750/oz gold price) showing a 24% rate of return, but over a mine life half the much-too-long 55 years of the previous plan. At what are fairly conservative copper and gold price assumptions, and with scope to expand production from other nearby resources, Cascabel looks a much more feasible proposition, with a far better chance that some bidder or funder will come along.''
Asset sales are the way forward to max shareholder value
Another sobering publication from Tesla, confirming an earlier study from
Goldman Sachs.
In one example, Tesla expects that by moving to a 48-volt system for the secondary battery - the smaller battery used to power functions like lighting and wipers - in future EVs, it will be able to cut the need for copper to one quarter of current levels, Elon Musk told investors i
Add, sorry didn't express that very clearly. The SP is still lower now than it was 6 months or a year ago, when we didn't have various of these risk reducing items ticked off. I just meant hopefully the market will price this higher as it perceives the risk getting lower...
How is your home heated in winter Quady?
Unicorn f.arts?
You may want to digest this article in mining news today. Before you get excited about £1.20 a share.
"Australian miners are watching nervously as China’s biggest copper smelters meet in Beijing this week to discuss a response to collapsing profits.
Copper ore processing fees – essentially the value added for smelting ore into pure copper – have fallen to their lowest level since the Great Financial Crisis of 2013.
That’s not due to an oversupply of copper ore. In fact, several unexpected mine closures have occurred around the world."
Red , stop this nonsense. We need to know what the actual bid is for like say 462.000 , cmon , don't become useless totally.
Somebody is using a lot of muscle to keep this down...must want it bad...
Zzzzzzzzzzzzzz
I have 4.86 KW and a 9.5KW battery.
I am with Octopus Energy.
They purchase 80% of my battery storage every night between 4pm and 7pm
Then I buy 20% back between 2am to 5am at about 0.25 of the price, so I never run out.
I also export excess during the day at a variable tariff.
We have cheap cars already, you out cheap petrol in them which takes two minutes per tank and you drive for 500+ miles
EVs are a solution looking for a problem
Given 21 million homes have gas heating and the vast majority have next to sod all in savings, where is the money coming from to convert them all to run on heating powered by the grid?
Do the maths. It’s not hard. You quickly see that is totally impractical and infeasible
That’s why it won’t happen. But let’s hope we rode the wave of delusion to help sell our gold asset as a copper asset too!
You say small solar system. What kWh is your max and so you have a battery as well. And what’s the unit of cash you get paid for kWh and which company pays you for that energy you generate. I have 5 panels max creating power is 2.2 kWh at 100% ans a 5.3 kWh battery. Most expensive part is the battery.
Again Slug you are unable to read and understand.
Well remembered I do have a Picasso, but I said clearly that I could run an electric car for nothing because of all the extra power I generate. Also future EVs will generate their own power .
Little article for you too read, so you don't remain stupid all your life.
https://newatlas.com/energy/sand-battery-finland/
Quady, you can’t apply domestic energy needs to those of an economy. Battery storage is extremely limited. Would you like to be operated on in a hospital running on whatever juice it could store from the last batch of solar? What when the equipment goes off and you die?
Storage is immature and expensive currently, we’re talking billions for hours of energy with existing tech. It is moronic to paint yourself into a corner hoping advancements will occur. That is not a sane or secure energy plan.
Pray do tell how you run a Citroen Picasso without paying for fuel?
How come China think coal is cheaper and better. Are they wrong? Would you like to run some numbers?
The nasty truth is that our green scam is being subsidised by the highest energy prices in the west via means of all kinds of levies for green investment and for covering people who can’t or won’t pay their bills to ofcom shoring up the balance sheets of energy companies
None of this is free. We are paying dearly with our lifestyles as the recent per capita GDP figures very horribly showed
Highwayman without this debate, Solgold wouldn't have a future.
We require copper because their is a big deficit coming.
Understand climate change to understand the future that copper gold and silver are going to play.
Otherwise why are you invested.
They post stuff about climate so that subjects such as significant trades and volume is pushed down onto page 2
I thought you told me 4 weeks ago that Solgold was dead and dusted?
Kat wrong again I have a small solar system in place.
I have totally free energy and in the summer months I recieve about 150 pounds per month, I even make money in the winter months, just not very much.
I have energy efficient appliances and am always reducing my footprint.
I don't yet have an electric car, but again will not pay a penny for fuel.
Lots more advances to come on line, that will make me more money in the future and supply my neighbours with power.
OMG, can we stop the climate change chat, d1ck waving and personal insults. Christ, you lot need more to do with you lives... can we just keep it to Solg.... and if anyone who has a well formed opinion on the the question I outlined below on the sp movements of the last few days an answer would be appreciated. Many thanks in advance.
Wrong again Slug, lots of projects around the world storing solar.
Ways to do it.
Use solar to pump water uphill, then when required let it turn turbines.
Solar used to heat rocks this works particularly well in hot climates, as the heat can turn turbines.
Use solar to create green hydrogen, as opposed to blue or yellow hydrogen.
100 % monte I agree with that statement
Partagas D4 / Glendronach 15 and chill
No need for clown personal insults
Incorrect idiot.
I have 1,4360,000 for two months.
I never acquired another £50k worth.
Hope on Telegram and I will share with you
How about this for a thought;
We all concentrate on our own investments inside of trying to catch people out on what they have,of have said they have.
On the 7th of Feb BYRONRAMPERBAYGOLD boasted of holding 1,236,000 units in the hope people would bail him out of his losses.
A week later he went all in with £50k as the price continued to drop, and he got a little bit desperate, now either he has a very poor broker, unlikely, or he was telling porkies as he now holds 1,436,000 units.
Or maybe he paid 25p a share lol 😂 or perhaps that is his fantasy share portfolio
🤡
Rcgl, not sure I follow your second paragraph. It seems to be contradictory.