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.
I would have thought the indication of streaming deals being potentially used for funding requirements would force the hand of potential offers as to not reduce perpetual income of the tenement to third parties. Let’s wait and see….
The large lead time from discovery to production and rare discoveries of this kind at the moment can only mean a major will want Solg or Cascabel in their portfolio. Question is when do they pull the trigger. I guess no hurry for them to bid unless they believe they could bring to production quicker. Leave the risk as long as possible with Solg
For a lot a shareholders a wait of up to 7 years to production may be too long, hence the selling. Maybe Solg should have waited another 2 months and disclosed some funding details with the pfs?
Why the huge delay to the DFS?
Guess the price will bounce around with funding needed for the regionals and the occasional excitement of a bid.
Any thoughts anyone?
Anyone understand why 21% used in the PFS - a lot of you know your mining facts? Cheers
There are lots of positives from yesterdays PFS but the things that hang over the sp are the time to production, the financing and the cash burn. So imo place $100m with the Chinese and quickly work out how the open pit brings cash flow sooner. That will address the issues as atm the instos think there is a placing coming and they neednt buy now.
28p has always been the SOLG comfort zone, annoying as it is.
My feeling like the Q is production is viable, if we went into actually mining at least one site then there is no way
the majors would get a discount, there would be cash to develop other sites if not sold. whatever happens a choice has to be made before SOLG burns all the cash and has to give away their assets..
Lunch. Solg and optimising timing of news are not terms often used in one sentence.
There should have been another follow up rns today to strengthen the pfs news.
thanks folks for your various encouraging responses. it has made me feel better and looking on the bright side that the brokers monthly fees have just gone down with the price!
All sober points Zoros.
But having digested it - and you know I am not the rose tinted glasses type - I really think the PFS is a stonker overall.
Remember, BHP was desperate to get chunks of us way back when all these PEST and SWOT factors were much more negative than they are today, and what is in the PFS was just guesswork.
No major player is going to look over keen if they can help it.
Meantime, the real risk is our management burning cash if they don't have to and dilute us poor bloody infantry again. I think we've done enough to sit pretty for a while, regardless of what noise we make about production etc.
The real fear kicking in now is another placing, which though it won't mean much in the long run if we go for a good price, we still pay for in the short term.
I personally have become very optimistic, but it's becoming almost impossible to have a sensible conversation on this board with the likes of Bubble going on about "green posters" he's filtered but won't ignore and assumes wrongly what they are saying. I'm going to start reporting the idiot everytime he does it.
Talatum - the PFS has spooked the market. This has caught EVERYONE on here by surprise. All the vets on this forum have got it completely wrong when it came to forecasting "a change in the air this time". I guess there are parts to the study that have not met expectations.
Could it be:
Poor post tax IRR.
4 to 7 years to go to production.
Critical Path issues due to the fact it's based in Ecuador.
The prospects of financing the mine IF they go it alone.
Example:
Solg suggests net annual returns of approx $730m/yr. Out of this you have to take:
15% for CGP.
18% for tax and royalties.
Debt repayments?
Looks a lot less now than it was when it was flagged up on the presentation, doesn't it?
Still a reasonable income..........for Solg
but will it be enough to feed a major's appetite?
Z
"PFS was going to be the big event that was going to put a rocket under the price"
No. It might have. Maybe it was factored in. In the end, you can't stop the day traders and get rich quick brigade rushing for the door. the PFS was always going to just set the stage for big news later this year.
Hang about for that big news and you'll see an SP rocket.
Dont be daft...
Quiet week.
Weak holders and day traders cashed up on a falling price...MMs gleeful Tree shake...
The underlying demand is still there...see my earlier posts...
Anyone gotL2 for buyer interest...?.
Pi55 of BHp they where never our friends anyway
Just a predeter looming over us
Sell on news brigade are dominating the current small volume ....buy on rumours will follow, and of course the savvy buyers with longer than just a day, weekor months in mind.....
GLA SOLGers.
The price had dropped by over 7% this morning when I last looked. PFS was going to be the big event that was going to put a rocket under the price. It could be that by mistake they put a diamond drill instead of a rocket (painful lol). An understandable mistake when you are in exploration business
Surely all the experienced posters here, the journals, brokers etc. can’t be wrong? OR are we really doomed?
A really good and informative presentation yesterday by the team.
A breath of clean fresh air afte years of NM twittering on.
Am I surprised at market reaction today?
Yes I am.
Can I understand it? Pragmatically no but investors clearly want a quick turnaround for their money.
It wont be long before Majors are running the slide rule over the PFS numbers and believe me it will only take 1 approch or hint of an approach from a Major and you will be looking at 3 times current price.
Not nice to see the drop but remember what Solg has just told the world.
Q
Understand why I say, don't chase the SP up on the good days?
204219 bought at 18.58 yesterday at 35p according to the Official LSE website...
It’s been posted before but if you go direct to their Twitter feed it’s the whole article
Novice yes hope so ,this is a no brainer of a investment at this price a multibagger in the making imho
DBW good find also met every single health and safety regulations put to them new and old lasso likes solgold very much and wants mining
Expecting some nice positive movement over the next few weeks, and a few "unexpected" good news RNS's
Have a good day all
https://www.afr.com/companies/mining/solgold-promises-low-cost-low-carbon-copper-20220420-p5aev8
If you notice they are divesting out of fossil fuels but their copper and nickel production is down. They need to buy copper and renewable assets or they are screwed. They should have been investing in copper and renewables five years ago.
Demand outstrips supply
https://www.lse.co.uk/news/BHP/top-news-bhp-lowers-copper-and-nickel-guidance-on-covid-19-setbacks-o6xpbw5zen74ybj.html
End of year....then maybe a bid from BHP.
Morning all is today the day we hit 55p !!!! Might even get to 60p following yesterday’s news ; o ))