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.
Agreed anon , I'll reiterate my opinion.
The market wants a sale here , or production , one of the two.
A SR outcome would be beneficial also.
Otherwise ....we're 5;'s within three weeks.
" A deal will be done and it will be sold."
Hmm, I'm not so sure Fort. I certainly don't subscribe to this "a deal is imminent" codswallop, the same as I didn't subscribe to yesterday's "8p by close of play" prediction.
I don't see this new PFS as a big deal either, tbh. Those in the data room would have known all the details well before now, imo and wouldn't just be taking SOLG's word for it, I'm sure, if they're contemplating making a bid. It makes sense that the likes of BHP are probably way better at doing their own assessments, I'd say.
And if things were that good, I'm sure we'd have seen action before now.
I think we're no further forward, tbh and that's a depressing thought, as I can't see anything other than the SP continuing to slide as we run closer to running out of money.
It really doesn't bother me, as I'm sure they'll just keep doing royalty deals, but I don't see the future in that. For any party.
It's an intriguing situation and a new one on me.
They all need a pay day exit. From Mather to Tenstar to Maxit ... they don't want to gain a free carry and retain 20%. They don't want to co finance it. They just want an exit. But understandably, they are not willing to exit on the cheap. They want the usual industry benchmark prices minus the regional discount. That's the way it is. Tier1 mines rarely sell for below industy prices. In fact, I can't think of many Tier 1 mines that actually end up being 100% owned byt the firm that discovered it in first place. That's very rare. A deal will be done and it will be sold.
It strikes me as odd that pretty much everyone assumes that the likes of BHP want to take out SOLG.
That may well be so with some of them, but it makes sense to me that some of these companies might have just taken out an investment in the same way that any sensible investor who knows the company's business well might do.
Don't get me wrong, they probably do. But what if they don't?
This is beginning to look like if the Chinese don't jump soon, it'll be a venture capital teamup that might take us out, or a JV combined with a fat royalty deal or two.
I can imagine some of the reactions on here already if a deal that doesn't involve a sale goes through.
The assumed prices were a bit strange ; gold and silver below current price while copper was above
Good end of week to all here , blessings from Allah
Pleased to see assumed prices for all three metals. Cascabel could one day be a very rich mine.
Yes indeed looks more like yesterday was a mate’s rates day for the stock 😉 pretty confident that this will be on an upwards trajectory from next week onwards lots of news to come and maybe a few nice surprises 💋
ONWARDS AND UPWARDS!!!
Let’s hope so. Positive news and a rising price usually keeps all the knob heads off the forum too
I think it was Stackhouse who said there are a number of catalysts in the pipeline. Today was obviously the first. Hopefully, we don't have to wait too long for the next one.
Kapil, sorry, what was it you were saying?
“ Must be imminent”
WHY? Red
Are you just hoping?
The might not have any ready cash.
Just because a close period has possibly finished.
Besides why buy when they can award themselves large options for free? Always happens before a bid.
Pure genius BBG. I nominate you to write a song for the UK Eurovision Song Contest this year.
I hate to mention it, but I am also known as an underappreciated , yet quietly celebrated, songsmith amongst my friendship circle, so I will be
' seeing you, and raising you 6.80p ', so to speak, when I have finished writing my own anthem to the mighty SOLG, and all who sail in her. Huzzah!
May the best man/woman/xe/xer/xem/animalkin win.
I think the IPA will come sooner. Noboa is up and running now and keen to get mining moving. I think June 30th target is flattering all involved. But perhaps it gives everyone involved time to settle other issues like land purchases and tailings work. The latter was supposed to be underway last Quarter I believe so either they need more land/access or are waiting on Chinese to confirm pipeline route??
It's certainly at the sharp end now. Only 15 weeks or so till into June so not long at all.
Remember, CGP boys want their next remuneration awards booked in before an offer lands. So they need more deliverable news coming in to justify that. Hence, you might find the next RNS is the SR outcome. And that might arrive pretty soon indeed and certainly before any cash raise is done. Lets face it... you can't raise cash for future business if you haven't outlined your strategy as who wants to fund ops when you don't know what else needs funding or what the forward plan is.
So SR outcome up next and I suspect there will be plenty of happy clapping hands when that lands soon.
Hi SharketMare
The Exploitation Contract is expected to be executed before end-June.
Hence I'd expect the revised IPA to be done in parallel. Both because MEM have asked for IPA to align to exploitation contract, and also because SOLG would want an IPA in place when executing the contract.
So IPA to be in place before end-June?
Of course, management find it difficult to provide clear guidance on this!
BHP’s strategic review done there in two minutes (albeit by a total lemon) yet ours takes over a year and counting…
SM, agreed. We don't want to give anymore of our bottom lime away, nor do we want anymore expensive debt accruing on the balance sheet.
@fort could it be that we haven't heard anything on the funding side as they believe a deal will be signed before we actually run out of money? I don't have a great deal of trust in Scott & Co, but it's not an unlikely scenario...
1. Wait for competing interest to arrive before making a move
2. Wait for SOLG to confirm funding ability
3. Present offer now
4. Present joint offer now with NEWMONT.
5. Sell and move on (they're not going to walk away from a new mining jurisdiction which is controlled by our company)
If they were wanting to make a statement to competing interest, you’d go with option 4 above.
1. BHP doesn’t want a phased approach
2. BHP wants majority; they are not a passive investor despite acting like one on our register.
3. BHP was hoping that SOLG management would dilute itself into oblivion (lose control) via cash raises.
Solgolds current trajectory will result in BHP not achieving any of its desired outcomes per above 🤭
That’s got to be the most mentally unhinged post ever on this forum
Hi Bozi, NMM, violent agreement over here too! Very strange.
Late to the party after a hellish morning at work, but great to see we've released what looks like a decent, improved PFS. Now it would be nice for the company to provides *some* guidance on timelines for the various other workstreams. I understand we are applying for a new IPA - when can we reasonably expect this to be concluded?
Personally I would rather see the Subsidiary Shares sold to one of our strategic investors rather than do another royalty deal (were the Subsidiary Shares mentioned in the MD&A?)
Are you drunk?
In 2012 I invested in a company, that had aspirations of finding a porphery.
When the drill started spinning we waited patiently, until the day when it was reported we’d hit mineralisation aplenty.
And its no hope BHP, (clap clap clap clap ), you have no chance at all, to be the majority owner of Solgold, goodluck and farewell
Nick Mather arrived to build a new team, he needed capital to put into the drill.
Having canvassed the market unfortunately he found, an offer from BHP at 45p
And its no hope BHP, (clap clap clap clap ), you have no chance at all, to be the majority owner of Solgold, goodluck and farewell
As we become the largest concession holder in beautiful Ecuador, we have projects a many and resources galore.
Once more finance was required to push forward our Belle, Nick made friends with Franco Nevada and Ossiko who backed our Cascabel.
And its no hope BHP, (clap clap clap clap ), you have no chance at all, to be the majority owner of Solgold, goodluck and farewell
As we advance our pride and joy, we now know what it consists
For it’s the largest project on earth, which management controls despite BHP’s protest.
And its no hope BHP, (clap clap clap clap ), you have no chance at all, to be the majority owner of Solgold, goodluck and farewell
So here we are today with a revised PFS we now know, it wont take much to fund and begin the big show.
BHP sit back and do nothing at all, in arrives Twiggy with his cheque book to fund the grand ball.
And its no hope BHP, (clap clap clap clap ), you have no chance at all, to be the majority owner of Solgold, goodluck and farewell
And here is a riddle you should really know, BHP thinks they are going to control the whole Solgold show.
BHP are operators who like to control, but for they sit back and do nothing as we know.
And its no hope BHP, (clap clap clap clap ), you have no chance at all, to be the majority owner of Solgold, goodluck and farewell
NMM - a good point well made. Could we not have spent the last 12 months bringing that to PFS standard.
The mind boggles...