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.
Ok... weds afternoon game... guess the cash balance at Dec 31st 2023 due to be confirmed in MD&A later today or tom morning.
Sept 30th balance was $22.9m
I'm going for $9m burn and balance of $13.9m. On like for like basis, that would put cash pile about sub $10m right now.
15.7m
14.4m
15.71m
Lol twat
15.711m :)
Frankly a better game would be guess Scott's excuse in MD&A for the ongoing PFS. He can't blame the corporate office this time. Maybe external consultants will be the deflection this time?
Oh no, he used that excuse with the website 'rebuild' (term used loosely)...
Could be right NMM
My optimistic side hopes he could be lining up a series of releases …. Quarterlies, PFS. IPA….. etc
But history has taught me not to hold my breath
Ha I’ve been cornered
Bit like solgold
I doubt the MD&A will give much insight into the PFS as the MD&A is for the last quarter past eg through to Dec 31st. Scott gave an update on Dec 14th pre AGM so no way there could be anything in those last 2 weeks of the year of which are seasonal holiday periods. So MD&A not likely to shed light on PFS beyond what we already know. That said, it should cover off the water disposal test areas which are crucial as according to Scott... there's only one place possible so that news should be in there.
If the MD&A says anything like ... PFS expected end of Q1 or even something daft like end of Q2... then Scott's going to be under fire bigtime.. as that Dec 14th guidance of early Q1 2024 (eg before Feb 16th) would be seen as candy/carrot stuff before important AGM vote.
Of course, can't rule out Bob throwing someone else under the bus like he did with Twigger, so we could get news of PFS delayed... Scott's been fired and Osisko funding agreed for $50m and 10% of the business lol!
Only kidding... but these guys can do whatever they like, lets face it... it's their show and no one is holding them to account. Scott probably get £10m severance package lol!
Fort - you're aware the MD&A can mention items since the effective date?
Take the Q2 MD&A from Feb-23 - with an effective date of 31/12/22. This mention items from Jan-23 relating to the CGP merger progress.
Of course if there is the opportunity to say the legal minimum, I expect SOLG to grasp that opportunity!
I think the merger was exceptional especially the delays involved so probably the exception. The MD&A should be for the period only as that's the purpose of it. No point blending MD&A's Q together. One thing is sure though, SOLG seem to nearly always leave it to the very last minute. They don't have to report on the 45th day do they!!! Why not do it in a more organised fashion. It just looks all a bit lastminute . com
Well, I won the cash balance prediction then although must say Scott exceeded my expectations by burning through an extra $900k.
So $12.8m cash left. All I can say is that THEY must be confident in getting cash from some sale or some royalty deal as I do not believe they have enough to see them through to June 30th. The cost of the 60 odd licence blocks is $6m per year. When do these costs fall due and are they in the Accounts defined as licence costs? Cash will be sub $10m right now as we are 6 weeks in.
Scott has until later today to meet his pre AGM guidance to the market of 'early Q1'.
Fort, revised PFS has been confirmed today that it will arrive during Q1.
We can all switch off for 6 weeks
I suspect that the posts in the next 6 weeks will be even more colourful than usual, will be interesting to see how low we go (with the quality of posts and sadly the share price).
GLA!
If the PFS is due before March 31st end, then not sure why you can switch off for 6 weeks unless of course you are saying that the PFS will come on the last day of that Q1 guidance lol!
Anytime from today till March 31st... so you best keep on your toes BBG.
Italian.
Can't you not put some more pressure on duffield
Maybe get the PFS out earlier.
Homefromhemo.
Remember how certain you was about your contact telling you wed or thur for pfs.
Would be interesting to hear why it fell through.
Can you ask him, just out of curiosity.