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.
Does anyone know when we should expect the DFS now that is has been postponed yet again?
Which Q is it being sold in, slug? I'm realistic, so I'm not expecting you to put a specific date, or even a month on it, but anyone who can say with such certainty that a buyer will swoop in a buy the company must
1)know the identity of the bidder with absolute certainty
2)know that the economics of that entity's bid are not going to change in a material way between now and the bid
3)have a rough idea of the terms that would satisfy the majority of the holders here
So if you're certain you know the answers to those things, please reply with them, and then say which Q the bid will land.
Or if you don't know those things for certain, admit that you're just hoping there will be a bid.
1981 nobody can know the answers of your question. It would be insider trading if one would know for sure. How can somebody know with absolute certainty who the bidder will be. The bidders here are self explanatory. The bid price will be based on NAV. Given this is a development project it will be based on assumptions around the cost to build and the price assumed for copper. To your third question we probably either look for a full sale or a sale of Cascabel only. In terms of date again if one would know it would be insider trading and we would be all millionaires. Given no PFS,DFS and other reports and no drilling and no proper management this will get sold one way or another. Given how quickly things moved so far since the merger announcement my believe is we see something in Q2/Q3.
Thank you for so eloquently proving my point. Your response is full of quite natural uncertainty. You don't know which party will be the bidder. You can't know price, just a rough guess based on perceived value. And the best you can manage is 'my believe (sic) is we see SOMETHING in Q2/Q3'. With that level of uncertainty, you agree that it was wrong for slug to tell daKat that it's being sold? Because that's just your 'believe' lol
The answer lies with how far advanced the SR is. We know it was already in progress before it was announced, but the scope of the study is extensive and clearly will take time. We also don't know if they entered the process with a clear picture of what they want to achieve (we think we do, but in reality we don't). If they did it will make life easier, as they'll be able to focus on one route only.
All we do know is what Sangha &co have said and that we're in the hands of two extremely good corporate finance teams who will be trying to maximize their own extremely large fees. By the way, the advisors will get more money if they sell something, which is a nice incentive for them to deliver what we want.
Good morning J.Maria_Ibarra, I presume you mean it will be sold as a percentage of NPV not NAV.
The only way it would be sold by NAV is if we constructed Alpala and we were in production.
Quady,
The fact we are not proceeding with the bfs raises a few questions.
1: if we sell as a percentageof npv , surely producing a bfs adds value ?
2: if we are not producing a bfs then does that put to bed the idea of moving towards development?
Your thoughts are appreciated.
Sorry , where are my manners.
Good morning Quady :-)
This is what I find confusing smickster.
According to this article dated 11th Jan 2023.
We are currently conducting the BFS.
https://www.proactiveinvestors.com/companies/news/1002961/today-s-market-view-azure-minerals-blencowe-resources-cornish-metals-and-more-1002961.html
1981 so you know for SURE nothing is going to happen is that right then? You do not read and continue with your uncertainty rambling. Obviously it is uncertain. Only death and taxes are certain. Again if it would be certain I would not write it here I would go and buy more stock and sell my house and buy more stock. Let's try to stay intellectually honest.
Totally agree Slug, no PFS+, BFS or DFS - but also no more drilling, or exploring.
So that leaves us with a fair bit of dead wood to start getting rid of.
Q, I agree that there's a great deal of ambiguity. I guess what we do know - because the company told us - is that the DFSand BFS have been delayed. No new timeline has been issued. Similarly, the expression used by the company that the ongoing work is designed to 'enhance the value of Cascabel' is open to interpretation. In fact, we haven't got a clue what it really means.
Yet again, statements from the company are vague and without clarity. I wonder if they do this deliberately, or are they simply useless at producing a clear RNS?
1981 - regardless of whether this is being sold or not, just remember you were bantered off this board in your previous incarnation as StackHigh.
Nobody really cares. I'm not sure why you're so keen to put a timeframe on it. What difference does it make?
They think it'll be sold. You clearly don't yet can't bring yourself to argue that point.
Important land purchases still required. Resettlements for some groups. Costs millions. Lots to do without the drill bit.
I do agree with that addicknt.
I just have a feeling that stuff is happening under the guise of the strategic review and we will get a brain dump all at once.
We must have so many idle people over in Ecuador that I'm surprised Jeremy Hunt is not sending them hundreds every month in "winter fuel payments" to spend on ***s and booze while the rest of us go out to work.
Topped up another 5,953 shares this morning, following the Quibbles investment strategy of hoping for a return in 10+ years.
I was reading this board and your vacuous, wishful ramblings long before Stackhigh first posted here. I'm not sure what 'bantered off the board' means but I didn't favour his arguments.
I'm only keen on posters giving a timeframe if they insist a sale is imminent. It's a failsafe way to either silence them, or force them to admit they are not completely certain that a sale will happen. Or, third option, they get desperate and start flailing. Which are you? Lol
Intellectual honesty is exactly what I'm seeking, thanks J.Maria. If no poster tells another this will definitely sell, we have a state of honesty on the matter. Note that it was slug who stated to daKat that it would be sold, with no indication that this was just a hopeful opinion.
I think it will see eventually. The market, and other investors, definitely don't think it will be by Q3 though, ha!
SM, if you followed his strategy you'd be better off investing in one of those funeral plans so beloved of daytime tv.
You'll get "intellectual honesty" (what does this even mean?) when you stop positing intellectually bankrupt questions. With every single investment people are taking a view on the future prospects of a company and the resulting share price should they deliver on what they have set out to the market. Nobody "knows" how much profit Tesco is going to make in 2023 - they look at past performance, the macroeconomic climate, consumer trends, inflation, overheads, pricing power, and forecasting and make a judgement.
Similarly, nobody "knows" SOLG will be sold. They are looking at the company RNSs, the recent PR campaign, the recent addition of strategic investors to the share register, speaking directly to the company or those associated with it, and deducing (rightly or wrongly) that a sale is the most probable outcome.
Your point boils down to semantics and people are expressing their opinion in definitive terms - dull and moot points. Stop masquerading as some intellectual heavyweight - no one's buying it.
Best solution is to sell the Solg, as it is the original DGR business model. Otherwise Worst scenario, Majors like(BHP, Newcrest etc) will buy it as piecemeal because Solg will always remain Cash strapped. And BHP or Newcrest will keep it buying bit by bit and shareholders will not get much value out of it.