The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen 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.
While the deal is still being finalized, hoping it was the Chinese who have put up the $10 Million?????, is it under a Non-Disclosure agreement??????
Agitators in a desperate place this morning 🤣
Not sure about anyone else but this smells of deal nearly done to me ? well this smells of deal nearly done to me, we'll find out what the serious investors believe at 8.00 🤷♀️
55p someday soon !!!
Strong strong signal. I believe the $10m is contributing to cover balance expenses for permits, consultants and land acquisitions.
Major funding announcement not very far away!
Scott called, asked if he could borrow my Log books.
I wonder if the loan is from either a potential offtaker or those who intend as for as we are told to cough up the capital costs of developing Cascabel? If the answer to that is yes then that must be seen as a +
Novice.
This paragraph in the rns, says it all.
More b""lst. Adikt, rk, dbw and bbg will love the rns. But this paragraph sums it up perfectly.
It is important to note, however, that while the Financing discussions are advancing, the completion of a transaction remains subject to negotiation, and there is no guarantee of a finalized Financing transaction. The proposed Financing is expected to be subject to certain conditions, including the receipt of necessary permits and agreements, a final investment decision, and additional stipulations, some of which are still being defined.
8 years. And read where it says no guarantee.
Nothings changed
We have taken a loan so we can carry on as we were… we are hoping to eventually do a deal.
There is not much more than that to this mornings RNS
Northen. Yes carry on as we were. Therein lays the problem
Carry on as before.
Nothings changed
Correct Needy, I think most here can read a couple of paragraphs without getting bored unless you are a Gen Z'er and have the attention span of a goldfish, if that's your real personal view I know what I would do... then we wouldn't have to suffer your daily parroting, and yes we all get that you are unhappy with SOLGOLD and you may be right, this could all collapse in 6 months but I'm prepared to take the risk, are you ? 🤷♀️
Orthern, I suppose that depends upon how much weight you attribute to the statements that 'substantial progress' has been made and that 'detailed discussions' are ongoing.
Of course, you may conclude that this is simply flim-flam, or you may view this as a very positive indication that the company is heading towards a very significant development. Take your pick.
Add, I take it with a good dose of, we have heard about discussions with interested parties and data rooms for the last 2-3 years…
This is a loan to keep the lights on while they continue to try to get somewhere.
Mute reaction so far.....hardly moving which is strange 🤔......
Oh well good enough for me to buy my trading pot back +some extra......
Fully expecting much stronger positive uptrend to kick in very soon.
GLA.
Orthern, I understand the cynicism, but there's something to bear in mind.
When a company prepares an RNS it has to be verified by the nomad - provided he's doing his job properly. In this instance they should have asked to see documentation to support the assertions made by the company. The company cannot make demonstrably false statements without risking criminal prosecution should things turn out badly.
I know there are many examples of AIM companies not doing this and there are some on the main market, but as small investors we rely on this process - in fact we have little else to gain comfort from. Verification is essential to the honest operation of the market.
Max. Ofcourse there's a mute reaction.
We've just borrowed 10 million, if the financing deal doesn't go through, as solg themselves said, it's not certain.
Ask novice where he thinks that will leave solg.
Ignore the hysteria, we've had it for 8 years
Adikt. You can spin it how you like.
It alters nothing.
Before the rns, we were up s""t creek.
And it's by no means certain, this rns will get us out.
The money markets don't see it as Boom.
You need to start ignoring bbg, and look at the factd
I have never seen a company, like SOLG, have the ability to kick the can down the road so many times.
It really is unbelievable……..
The rns tells investors absolutely nothing they didn’t already know except they can keep the lights on for an extra few months.
I feel sorry for poor old BYRONRAMPERBAYGOLD he only has 98 days for the sp to rise 111p 🤡🤣🤣🤣🤣
Solgold strategy becoming clearer now.
1. Discover a tier one asset
2. Use it as collateral to borrow money to pay massive salaries and bonuses for as long as we can get away with it
3. Flog it cheap
A - which part of the permitting workflow is still not clear? There is nothing weird in raising finance "subject to" receiving the necessary permits, which as we know is not easy in general and certainly not easier in Ecuador?
B - There are degrees of "cheap" that would still be palatable to some investors even undervaluing the company.
Italian, absolutely right, every announcement of this type has to be accompanied by a cautionary statement. I'm afraid the AI makes the same observation every time we see an RNS and portrays it as the end of the world.