Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. 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.
Quady, I’d bet you every share I own that you’re wrong
But you won’t accept that because you know yourself deep inside that there is zero chance this gets built or JVd
Fort and DBW have been lying and ramping to each other for years.
"Morning Colonel
Totally agree re the next 3 months .
It would clearly benefit anyone looking to launch a bid to keep the price as low as possible, just got a feeling the news flow potential here could eventually render these tactics useless"
Was this posted
a) 3 days ago b) 3 weeks ago c)3 months ago d)3 years ago?
Beware these disingenuous, cretinous tools. They won't go away, even when proven to be totally clueless. Not sure of their agenda, but they can't be a stupid as they look in their posting history.
Unbelievable DBW can't even understand the post's he posts.
We are going to build this as a JV, everything the company has said points to this.
No where have we said we are going to sell Cascabel.
In fact we have said the opposite.
Regardless of what you think of Scott, there is an expectation IN ECUADOR for the first time that Cascabel almost certainly will be developed. In fact we’ve been singled out by government officials on more than one occasion. Clearly we are not, and never have been, capable of building a tier 1 mine.
This will be sold and it’s a question of whether they can generate a decent price …… I have no doubt they will but let’s wait and see.
In the meantime securing all the requisite permits etc whilst saving cash burn is an eminently sensible approach
I guess it depends on how you look at things. If as some say... success is determined by share prce, then in order it goes a bit like this...
1. Under Mather Control... highs of 43p+ within last 5 years
2. Under DC Control... highs of 41p+ within last 5 years (note with more shares in issue than point 1)
3. Under SC Control... highs of 23p within last 5 years (note with more shares in issue than point 1&2)
So Scott would need to deliver an sp of over 44p levels to win the great of 'best share price' under his control.
I'm excluding the earlier days when it was penny share and much smaller float/shares in issue.
Incidentally, the winner or loser (depends on your view) is BHP who raised market expectations with their 45p purchase.
Totally agree with you Add. The level of negligence which allowed 4M to go missing without a trace exemplifies just how bad things were and left a lingering bad taste regarding the integrity of the then management.
October 29, 2023.- The Australian company SolGold, which operates here with four subsidiaries and has approximately one hundred concessions under its control, officially joined the group of mining companies that are trying to sell their assets in Ecuador or have suspended investments. in the country, while they continue with their procedures before the authorities of the sector.
Last Wednesday, SolGold (LON: SOLG) released a statement in which it reported that it was moving forward with the possible sale of its Cascabel copper-gold project in Ecuador, having held talks with more than 20 "highly credible" interested groups.
He said that of the group of companies that have signed confidentiality agreements for the purchase and sale operation, at least five of them, with real interest in the project, have made visits to the place where the deposits are located. These five companies have been the first to arrive at the place since there are already many other visits scheduled on the agenda.
“Cascabel enjoys undeniable recognition as an important strategic asset with a high-quality resource. I firmly believe that Cascabel will one day become a multi-generational mine and contribute substantially to the Ecuadorian economy,” stated Scott Caldwell, CEO and President.
"The external groups evaluating the project are being very diligent in their review as they move through various stages of their internal processes," he added.
“In parallel, we continue to advance and de-risk Cascabel to position it as a turnkey asset,” he stated.
The statement said work plans for 2024 are now funded, with no additional funding needed in the near term, thanks to a combined $86 million investment from Osisko Gold Royalties (TSX, NYSE: OR) and Jiangxi Copper.
Reference is also made to the actions of the company's new administration, aimed at being more realistic and positioning themselves in the mining world as what they are: a junior with pretensions.
To make things better, the president of SolGold came to live in Ecuador and once on the ground, he laid off more than 600 workers. The workforce has been reduced to 282 employees, previously it was 894.
Caldwell reported that, since his appointment to the top job nearly a year ago, he had implemented a “hard reset” for the organization. In a few months of management he can show some achievements.
Three months ago, he obtained final agreement on the terms for a 33-year contract, protected by an international arbitration clause, under which he would pay, starting in 2025, some USD 75 million in advance royalties.
That time he said that starting in 2025 he would invest between USD 2,700 and USD 3,000 million to build the Cascabel copper mine, that the process would take about five years and would generate 3,700 direct jobs.
The mine would enter production in 2030 and would be the third large-scale mine in Ecuador, along with Fruta del Norte (gold) and Mirad
Eloro. Of course he forgot.
IT'S A NEGATIVE.
Eloro, you're quite right. It was a clear indication that management had no control whatsoever over what was happening on the ground. Maybe they just didn't care?
It's also worth mentioning they appointed DC - a total disaster, which looks as if it's going to cost us a fair few bob in a legal settlement.
Add, you forgot to mention the missing 4M under NM's watch which still hasn't been satisfactorily accounted for.
This is a solg board and hence why hopefully none of us here were/are holders. Solgold is a completely different entity and eventually going places
Kapil, that sounds pretty flimsy to me. Think of all the years of broken promises and opaque messaging. The alienation of shareholders, the hubris and misleading comments (1bn in funding comes to mind) The ludicrous pursuit of the dream that somehow we could take this to production on our own. The list is endless. If you believe that amounts to being in a better place than we are now, good luck.
MR, isn't it just. TW spotted the scam, but, as ever, he was ignored and reviled by the BBMs.
Terrible scam on upl board
Not much left below 10p.....
Copper flying...above $3.70 resistance...gold over $2000 at the weekend...
Is this the start...?
How was the company in a better position than today? Scott wasn't doing presentations on behalf of the company for one thing. When? Take your pick of anytime prior.
I wont bother asking at the AGM as the only possible answer to that question is more spin. I will just express my opinion via voting shares against the board.
Evidence, please, otherwise just conjecture.
The company was in a better position years ago.
Until mather thought he was smarter than the big boys.
Those big boys are now sitting behind their desks, watching solg implode. With a smile from ear to ear.
The company has always been up for sale, and we're in a far better position to sell then, than now.
It's time you woke up adikt. Everything is not as rosey as you tell us daily
Kapil, you didn't answer my questions. When and how was the company in a better position? Clearly, you don't believe the company is telling the truth - why not raise this with them at the AGM?
In my opinion all the spinning took place in the past under Mather (to give him the benefit of the doubt I'd describe it as 'over-enthusiasm') and what we're seeing now is a far greater degree of realism.
I truly believe if caldwell told adikt to buy a bridge.
he would say ok, how big do you want it
Kapid, he has set his stall that everything has changed for the better,
it doesn't matter what is said or happens, he is not changing his views,
to do so, he would lose face, and after spouting word for word what Mather and caldwell spin as gospel.
it would show him as not the font of all solg knowledge he professes to be.
Its spin addicknt to try and make people not believe their lying eyes. If you truly believe the company is in the best position it has ever been in then I have a bridge to sell you.
Novice. 17.03 you posted you had filtered me.
2300, you responded to my post.
you are now on the list with aquinaga,
I rest my case
Lovely to See pinky and perky ticking each other up so sweet 🥲 of them while keeping the post numbers up ! They’re both adorable and doing a great job 👍
He is the rampers usefull idiot.
Every time their posts are ridiculed, he pops up.