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.
Look we all knew the MDA was due...and virtually none would have thought we would have seen a price in the low 6s with the quality of asset we have in Alpala alone...
And it is unfortunate that it has been released on the day the markets have been hit by the news about UK recession...
But frankly, given that the MDA was never going to contain any positive news, I am much happier that it has been issued before the PFS because it would have taken the gloss off...
So...apart from macro factors, such as copper and gold prices, there is nothing to prevent the PFS having a positive effect on the SP...
And snowman, if only because the gold price is $700 higher than the last PFS assumption and Scott has promised a lower CAPEX, I expect the IRR to be well above 19% and much higher on alternate metals prices assumptions...
This is hard...for all of us...but as someone said recently...
It's always darkest before the dawn...
This morning i was comforted by Mather, Sangha and the former CGP shareholders having far more exposure than any of us...
And if there is no bid forthcoming immediately after the PFS I expect some if not all the CGP holding to be auctioned off at a much higher price than this...
And of course it will create no dilution...
Yours...fellow sufferer...rk
More of that
Have you not caused enough damage with your bravado trading red? How far has it actually got you?
Tesla, I’ve got two portable air con units. They do the job just fine when it’s hot
Driven by Autobots as usual...whether this is manipulation or not, we've all seen what relatively little consistent buying can do in late December...
Please refrain from garbage talk no one is interested in trolls , Please post with respect and thought in these difficult times and we do not want to read rubbish .
1984
Several weeks over the past 2 summers have been unbearable.
I’ve tried fans, water coolers etc all useless.
25c+ at night isn’t comfortable a pleasant bonus on our heat pumps is the ability to reverse the value and have cool air blowing out of the radiators. Notwithstanding making a profit on all this including running 3 EVs year on year.
But you continue thinking you know best.
Quady, there is more chance of you losing your remaining investment here altogether than SOLG taking this into production.
I’ll never have a heat pump. I’m not that thick!
I’ll just wait for all the bullocks to blow over
Fortissimo, let's hope so. I am still sceptical it will attract more interest. Irrespective of that a below 20% IRR on such an investment with all the inherent risk is not really exciting for any party. Hopefully Solgold can show it can be improved upon. Even if it is just to calm us private investors down.
Slug this is why you remain the most unintelligent poster on here by some margin.
I started to get out of gas and oil when I saw the change the world was undergoing and although I am still invested in BP.
A recent acquisition on my scale.
I have moved to finance and technology and telecommunications.
You invest in gas and oil if you want.
I am stopping no one.
Anyway you can have a heat pump now.
Government have taken the restrictions off the size of heat pumps for residential, mostly to make them quieter in cold weather, so they don't have to work that hard.
But you will never see the future, because you are so unintelligent and arrogant.
This is a £200m+ market cap biz or was... and 6m traded at 6p equates to just £360k trading hands.
Some might be margin stock so weight might be higher but lets face it... this should be seeing 30m+ traded with ease especially on the 'news event' days.
Looks like the big boys are going no where. Just pi's flipping and flapping around.
I don't think we will see the phased plan at the end of March 2024. Yes, we knew funding would be required, but folks were hoping that the SP, which some said isn't important, would have recovered before a placing. We are in a pickle and I am not seeing sign of the leadership which is required to steer a steady course to the shores of success. We have an incompetent whose only contribution to solg are SP decimation, and amazement at The Rocks!
Adikt.
Your starting to look pitiful and isolated.
There comes a point where you can't defend the indefensible.
Have some pride. Accept your loses, and move on before you lose all credibility
Virtually all the trades today are for tiny amounts. It seems very unlikely that these are small shareholders. Any thoughts?
Add I’ve not read it in full yet, all I know is we were spaffing 3m a month and we still are
As for Quady, the sheer hypocrisy!!! Made all your money in gas and oil now you want to stop others prospering from cheap energy!
Snowman, some of those parties have restraints on IRR's. Some can't touch sub 20% on base case. Some need 25% before they can even look at it. Hence, they will draw more interest if they can get the IRR up to 25% on the base case (lower numbers). That would move mid case somewhere near 27% to 28%. That's mighty attractive in the investment mining community.
'84, admin expenses are down 67% compared with the same quarter last year and 54% year on year. How does that equate to 'barely changed'?
And the mothballing is taking even longer than the French translation. Costs should have been slashed by now but they’ve barely changed
What are the remaining hundreds of bum scratchers even doing?
SharketMare, I have been a successful investor for 43 years now.
What you say points to the opposite.
Just imagine that we have a joint partner to go to production.
Then exploration of the other tenements would be wound down.
Cash conserved, why we get this up and running.
As for an office, the current premises would be unsuitable.
I have been involved in many sectors, but my investment expertise is in oil and gas, it's where I made my money.
This is my first mining investment, but have learnt a lot over the last 11 years.
Many things are similar.
The largest similarity is it takes longer than most people think.
Jerry, indeed I do.
I'm really not sure why this MD&A is causing so much grief. We knew what the cash position would be and we knew that absent a deal of some description, more funds would be required before June. So what's new? The fact that the some people assumed the PFS would be early Q1, but we now appear to have missed the 'early' bit. Is that really a cause for panic?
NMM I thought the close period was the period between finishing and releasing the interim or annual reports? They’re out now
I have been hearing those words from various board updates for over 5 years now - and the share price hits new lows. Thankfully I have managed to bob in and out, so have neither made nor lost money.
Addicknt, I think you are assuming there is a future for Solgold. I am not so sure.
Quady, we are not renewing the lease on our corporate headquarters, which runs out in July of this year. Absolutely everything this company has done over the last 12 months has pointed to a winding down of all operations to conserve cash and prepare for a sale. Dramatically reducing headcount. Stopping all exploration. Indefinite prioritisation of the regionals. An indefinite strategic review. Read the MD&As, objectively, and wake up to this reality. This is the antithesis of how a company gearing up for a long mine build and production behaves. If you don't realise that, you shouldn't be invested in this share.