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SOLG has also been one for the traders and long termers and for those that do a bit of both. For the likes of Bob and Mather et al, they only really have one option and that's to hold and get a deal away. So in the end game, they are aligned with all shareholders but it's the inbetween process (as you say) which often feels like they have chucked pi's to the wolves. Not all pi's can stomach the ups and downs. Some with leverage or mis timed trades get burned ... and so they should as that's gambling no different to horses or fruit machines no matter how sure you think the outcome is.
Bottom line... the asset is back in the window and it will catch more attention now that many can afford it.
Furthermore, as we are led to believe, interested parties have been in the data room for well over 18 months now. So some will be very very advanced with due diligence and others will be readjusting their views or returning to the table.
I know it's cynical... but if I had no scruples what-so-ever and cared nothing about reputation, then I would place those 157m shares into my mates hands or offshore unrelated accounts .. double my holding from 155m to 312m placing them at 9p or something and then within a month or two... recommend an offer via some entity for 35p a share.
Like Bob said... no one cares about individual circumstances or pi's vs investment funds.. no one cares... but the only think that they all care about is making money. Some will make more than others. Indeed Bob... some will.
Remember, at 6.4p a share you all have a chance to add to stock if you can afford it. If you can't... that's your problem... that's Bob's mantra and a sad one at that unfortunately. But that's markets for you. They lean to the insiders... they benefit the rich.
Byron is a joke.
Tesla, why have you put dear novice last on that list? Should be ladies before gentlemen?
Ray
The posters you mention have had the temerity to challenge byronbayclown’s ramps, sorry I mean posts, and anyone who doesn’t agree with the clown’s 120p valuation is slapped on the de-ramper list.
I think he is confused which time zone he is in, oz, Italy or wherever else he pretend to post from ……..
Seriously!!
Read todays RNS for news
Trust The Italian to put forward a reasonable level headed summary of today’s news.
It’s a a shame th4 rampers can’t learn a thing or two from posters like the Italian………
These posters are so underwater a submarine could not help them out, they will try absolutely anything to try and get readers to buy and help dig themselves out of the hole they have gambled themselves in to…..
Avoid these clowns 🤡 at all costs
Was in this in the 20, sold at a loss at 12p. What happened, what's happening going forward and is any news in the offing? I might re-invest.
Don't forget your trolly lidls gets busy.
😉
You’re a dewhanker sweetie ❤️
Quite a few will wake up soon. You can't a market whereby 2 years ago it prices the stock at 41p or £850m market cap on a PFS with IRR of 19% and $3.4bln capex and then 2 years later have the stock at 6.4p or £190m market cap on PFS with 24% IRR and $1.55bln market cap.
It's like pricing PoG today at $2000oz only then to price it at $450oz 2 years later for no reason at all!
Market has gone nuts.
Apparently I'm a deramper for posting this morning mm's will pump it up and bring it back down.
👍
"Support BHP’s growth agenda globally mainly focused on metals exploration activities, but also Business Development efforts to access potential early-stage inorganic growth opportunities, and building relationships with strategic stakeholders in hosts countries where BHP is aiming to operate in coming years."
Back to Lidl's for her.
•¿•
Not me.
don't know when I brought in, but it was 3.5 British pence.
I just hope his losses don't make him repeat the wall Street crash. and he jumps out of the window
1) All in all, positives and negatives from the last two days of news balance out, with a slight positive bias since we actually have progress and some additional clarity.
2) I find it somewhat reassuring (mildly but still...) that the company does what the company says, which highlights the value of listening what the company says (Quady loves that!). Better that for us rather than relying on the often misguided micro-commentary and volatile moods of this board.
3) The PFS seems good, or good enough, but of course it's a bit cheeky to use a higher resource price.
4) Considering the progress and the actual roadmap that has been indicated, I would agree that we are in a stronger position than we have been in the past, what we were not made aware of was the under-the-carpet dirt that was accumulating, so it's reassuring (again, mildly...) that the company is just being pragmatic and focussed on putting the real company building blocks in place.
5) The one grudge I still have, but this started in the NM days, is the way management seems to take a gamble with our money. IF it's true that they are not practically concerned (remember they have to say otherwise in the MD&A because it's a PWC ratified document) about funding because they know something we don;t know and they cannot yet tell us about, to the point that the can push the cash position to dangerously low levels before raising funds, we private investors are still left with having to use faith rather than good rational judgement about the risks we are investing into. This binary way to develop the strategy has kept us holding our breath since 2017, and that is the one unforgivable sin in my opinion.
6) I will not bore you with my calculations, but my updated estimates, factoring in market sentiment and actual SR news, now point to a 20-25p target in the medium term. naturally, should a bidding war take place, all bets are off, but I don;t really see a bidding war happening to be honest.
GLA
Nor am I! I’ve held stock since 2015
Just give it a couple of hours Add
Addic isn't a deramper at all, complete nonsense, nor is richer or sharketmare.. let's keep it real.
PFS3 doesn’t include TAM which would be open cut with a 7 year mine life providing early mill feed.
Bloody hilarious that this goon has me down as a deramper.
I wonder where banditputin and triumph are this morning?
Well solgold releasing its PFS has made the news screen on Bloomberg.. there’s a nice surprise..
PFS2 was economic, infact it was pretty amazing considering the size. The problem was that by creating a PFS based on a Tier1 mine, it basically reduced the potential buyers to a handful at best. And neither one of them had to make a move as they knew SOLG could do nothing with it without their backing and wallets.
Now the cat is firmly amongst the pigeons as they say. It's still a big capex at $1.55bln but the pay back in 4 years and IRR of 24% makes the list of potential partners/buyers swell into the 50's or 100's. It's no longer a project capable for a only a few. It's open to anyone that has risk appetite and access to $1.55bln in funds. At this level, you can have a consortium of 3 or 4 parters each chucking in £350m and looking to gain around £100m in profits, possibly £150m profit if copper hits the numbers GS and others predict.
Remember, BHP paid $6.4bln for Oz minerals and the capex on some of their projects is in the billions. On a comparable basis, whilst there is more risk via Ecuador, SOLG's folio and ENSA could far excel anything BHP can make out of Oz Minerals.
.... and next leg up about to start
Congratulations to the Solgold Board.
Major corporate activity is very close now.
BHP doesn't want to see a cheaper capex. They want to own 100% of Solgold.
Best wishes to all genuine shareholders