Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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On Gina lately?
Hard to believe that the last RNS posted by solg ws 29th July ! Feels like the quiet before the storm to me
In the NCM/Newmont Scheme of Arrangement document Grant Samuel applied a 7per cent political risk discount to NCM's Ecuadorian assets, but argued it was already in the price.
Until we get different numbers from SOLG, I am pricing ENSA for the official 14mln CuEq, 0.08 USD per Pounds of Cu, which is an average valuation for takeovers at the feasibility stage, and that gives me a valuation of GBP 1.975 Bln and a share price of 65.8p.
Given the general circumstances (country discount, SOLG's history, whatever else), I am inclined to apply a USD 0.05 valuation as an exploration stage, returning an ENSA value of 1.235 Bln and a share price at 41.1p.
Make what you want of it.
First post now this board seems to be a little more polite. I have a 7 figure holding. All the info I have seen indicates an ENSA valuation of £3/4bn. Generally it is 5-10% of asset value. I took the lower figure. If anyone has something more rigorous then happy to read about it.
WAY TO GO Shippy !!!
From recent conversations, there are a number of companies interested including some large privately owned companies we may not have heard of.
Beautiful guys, much appreciated, toodle pip
ONWARDS & UPWARDS!!!
'I don't really read this board much anymore'...eh? Suggest you have a quick look at your recent posting history. Surely you didn't miss the licence renewal and exploitation agreement?
As far as the article is concerned, if you're worried about it have a read of the many articles which were produced at the time - they'll give you a much clearer picture.
There are multiple articles. here is the first one from a simple google search
OK BBG where is that stated and if so then it's panic over, sorry if I missed it earlier as I don't really read this board much anymore as I am happy with my circa 8 million shares to go forth and multiply ...
Whats concerning Novice. the govt has given us a clear path to crack on...
I'd like to see some clarification on this from the SOLG bod, this is very concerning albeit we are not in the areas mentioned
I must of upset the resident parrot. Lots of green filtered posts.
Good to see the FT catching up with the rest of the World's press who reported on this in August.
Https://www.ft.com/content/3b8b1fd0-9c79-4a23-81ef-32ab13f666d8
Dinnermoney, it's not one instance... it's many. Wood Group was 100p before Apollo offered them 220p and then 240p a share. And that's a £1.5bln company or was so not small fry jump. One day the Market valued Wood Group at 100p, the next it was 220p. And you think the market is a good valuation tool? About time you and others stop presenting share prices as they are today as being anything close to what takeover or asset sales are done at. It simply isn't true. The monetisation events happen based on asset worth and the SP follows that.
I think you'll just have to accept that markets and share prices often bear no resemblance to asset value worth at all. In the old days it was acceptable for FTSE250 or 100 businesses to see a 30% premium to closing share price based on an offer. Those days have gone and this woeful market is looking incapable of valuing anything properly and iI'm afraid to say it but LSE is losing reputation and big money companies are listing on other indices that know how to value companies properly.
Verona is a City in the Veneto region
Nal, 'I have no interest in any pathetic excuse you post'. Excellent! Simple solution - stop reading my posts.
Bbg post in-between living in Queensland or Veneto.
"gino, im stuck in Verona."
now that's a new one, we've now had Queensland, Veneto and now Verona pops up.
bbg, reflect on the fact you have clearly been shown to be out of touch with reality, before you judge others.
or better still explain how you have multi nationalities and prove me wrong.
be aware your absurd claims are on a public board for all to see.
adikt I have no interest in any pathetic defence you post
Bbg post from a month or so ago.
"Whereabouts Kat? I'm based in Veneto"
im pretty sure Veneto is in Italy, certainly not in Australia.
where are you bbg. Italy or australia.
Bbg post from awhile ago.
"We had a public holiday yesterday in QLD/NSW therefore the Solgold office was shut."
clearly claiming to be living in Australia
Agreed DM
Communications are beyond woeful, but I’m with Addinct on that one and believe there’s plenty going on …… obviously there is no evidence to support this and there won’t be until “it” happens.
The new investment protection agreement is probably at the forefront along with water licensing, tailings etc all of which will derisk the project and therefore “should” add value along the line.
I’m hoping the website shambles is more to do with timing than incompetence but this remains to be seen.
Watching from a distance here with so little of substance to discuss and so many here simply to provoke.
Let’s hope we are all more fully in the picture before too long
DBW
Morning DM
Was the market right with its valuation of Noront ?
Just saying