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.
What's all that about?
something big and wrong going on.
Or we’re sold
Dream. I like your optimism. But I have never trusted Darryl.
It was actually last month. I forgot all about it.
So Ward resigns, ingo is out and mentions a change in strategy. Nick tells shareholders to expect corporate action and highlights the original strategy of proving up a mine and a big player coming in to buy it. That's the idea with solg, in his own words. Yet no mention of anything in the RNs.
This was in May. Resigned as a director but looks like he is still employed by Solg. (At the moment)..
Mr. Ward will transition his country responsibilities to continue as SolGold's Head of Exploration as well as representing the Company with local communities.
One thing is for sure. If they did try to raise a 100 m and failed and thats why ingo left, they will know they have zero chance
Of raising 2 B to develop the thing. Maybe the rns was tidying things up for the for sale sign.
Medar
Nor do I
FFS...
Look guys, if the next RNS that reads like this.... "SOLG launches strategic review after funding options unfavourable and will seek sale of the business" as in best interests of all shareholders etc etc, then you can see how the scene has been set. But if you think the sp is going to fall on that kind of headline then you're wrong. It's likely to explode higher.
In a nut shell, SOLG are trying to get to the point whereby they can deliver an extra $1.5bln ish to the upside on the PFS. That will help with bigger funding talks and any sale of the asset. So is it any surprise that NCM and BHP have likely turned their backs on helping out lol! They hardly want to invest in boosting the SOLG share price or asset price do they!!?
Look at these scenarios...
1. SOLG does $100m equity raise (Just a guess on the $100m) and BHP and NCM then get virtually a controlling stake as they will be over 50% with their buddies like Blackrock et al. So that's suicidal. But would allow SOLG to boost PFS.
2. SOLG don't want NCM and BHP to get near 50% (combined and blackrock etc al) so they seek Franco style royalty funding. So that's suicidal too as BHP will just counter and say not having that, we will make an offer and it will be a low ball.
3. SOLG do JV deals with Solaris/Lundin on Assets in south and then discuss sale of Alpala to NCM and BHP. Now that suits quite a few out there and might not bring home the full bacon and eggs but might see SOLG deliver another Tier1 assets in the south and expand on other folio ops.
In short... BHP and NCM (IMHO) no longer need to fund or help to fund SOLG. And they kn ow if SOLG seek alternatives then they just strike like a snake anyway.
BHP made a dart for Noront on July 27th last year. What is it with causing disruption around the summer holidays? A BHP tactic? While many are on sunbeds the BHP crew are wearing coats and scarves in Southern Hemisphere. Mmm.
It's going to kick off and I think it's heading where we all thought it would... with a sale or bid approach. SOLG towers just setting it up nicely with todays RNS.
Fortissimo - the voice of reason.
Redknight
Just one piece of the jigsaw does not make sense to me.
About the best hole ever drilled in south America.
Now that you have confirmed ingo was your source and now that he is no longer with the company, can you confirm :
A .he lied to you
B. He did not know what he was talking about
C. You made the whole thing up.
He didn’t make it up
I have it on good authority from my contact the best hole ever drilled in South America belonged to Mariana… she works in our bakery.
I haven't confirmed that at all.
So none of the above.
Please don't join the unpleasant people who use accusatory language. Some of us are doing our best here.
Can't find anything about ward ,Monte post link please
Because it's all bolliiix Bubbles.
It was from May Bubble. I had forgotten about it it just poped up again today as I was going trough the news. It on the solg news section on this site. The second story.
I won't RK
Just did not apreciate your FFS post for my simple mistake. Unlike some I have about 27 stocks in my portfolio and solg is just a small part of that so I don't tend to spend every second of the day researching it.
Monte argh I see no worries my friend same here got a decent portfolio so time to see how they get on this year gl with your investments
After a mental day at work, didn't expect this to be down after a decent bounce yesterday. Still, the assets are amazing, the demand for what we have isn't going away and the cash is running out, so someone has to show their hand sooner or later. #eyeroll... just another day as a solg shareholder, just an expensive one... on paper. Sit tight all. ATB, C