We would love to hear your thoughts about our site and services, please take our survey here.
Hi Cookie - logged in especially just to say all the best mate - Fight the good fight - everyone is behind you - I tip my hat to you Sir. Ever the optimist on Solg…...IMHO ;o)
You'll get your £1.32 mate one day and no one will deserve it more
DG
Earthling...chill my friend. You've been fighting the good fight for a long time....don't let things get to you though (hope you don't mind me saying that as we go back a long way)
Many Solg investors have been buying today , yesterday and over the last week (I'm one) and I know of at least 5-6 who have regularly frequently this board in years gone by.
Been some excellent posts over the last day or two... RedLeader's gold volume sticks in my mind
Bozi has turned up making his very valid points and we've even seen my old friend SeanHunter add in his comments (Good to hear from your Sean - you called it right mate / back in the 40's - high 30's, I hope life is treating you well - I just hope and still believe that I'll have the last laugh when this all plays out - time will tell of course :o) )
It's a **** storm right now.....no doubt about it
Trust in the resource or trust in the Mgt (or both)...…..or sell up...…..those are the basic options - the rest is a whole lot of noise
GLA
Evening Earthling,
Good posts on here tonight.
I might be wrong but I think that presentation was recorded on Oct 2019 - as such the £15m he says we have in the coffers will be pre BHP investing their latest chunk - Nov/Dec time
Also may have been what he was alluding too about BHP and Newcrest wanting more. (Pre last round of cash raise)
Worth checking though as I could be wrong on this.
That said it was indeed an awesome presentation and one that every investor or potential investor should take the time to watch.
Hope all well - DG
Quady - maybe the £22m was all NM wanted them to have (BHP) - brings them just fractionaly above Newcrest - so neither outweighing the other by much and the 22m was all NM decided he needed to get him to a type of streaming finance deal (these have been muted in some of the brokers notes as what Solg might be aiming to achieve) - maybe that could be the next announcement or maybe not far off ?
A black swan event that couldnt be forseen.
Selling has been of low volumes, more TA and traders maybe than any significant holders throwing their cards in.
Maybe at some point its agreed by all those in discussions that MRE3 can be released - without further delay as further delay could be taken as a sign to the market that we are indeed in a lockdown news period.
Maybe its ok to release regional news or Blanca results - as these are not part of any ENSA negotiations. Or maybe the news black out will continue.
None of us know what parts are moving in the background or quite what the next steps are.
Nick knew that £22m from BHP probably wasn going to get us to BFS - it even states in the presentation that an additional £100m would be needed. So maybe BHP took the opportunity to top up its share holding, it helps if they are about to enter a negotiating position for the whole thing, and if they didnt know of a third party about to come to the table it maybe would have bought enough time for Nick to get conditional financing in place - BHP couldnt start a bid until October time anyway - maybe there hand has been forced to the table.
Really just dont know exactly whats happening, guessing is fun, all will be revealed in good time. Either a third party or current shareholder bid for our ENSA, us bidding for the CGP 15% of ENSA, or indeed head forward towards production- any of those options would eventually lead to a SP far greater than we have now.
Everyone has their preffered way this will play out and preffered timescale for it to happen.......but for now all that can be done is wait
All just my own thoughts with a few pieces of dot-joining, I coould of course be wildly off the mark !
Cheers Quady.
Here are some of my thoughts fwiw
Enjoyed reading Byron Bays posts earlier - made sense to me
As far as im concerned im not now thinking of MRE3 as being delayed - I believe it either cant be released or its not in Solg's interest to release it right now
Cant be released as in we are in a news lockdown period is a theory, as is the theory that by releasing it may help CGP in someway, maybe they could raise funds and/or it assists their shareprice. Personally I dont really buy the second theory as Im quite sure CGP will pretty much know the content of that MRE3 - this is not school boy playground hide and seek - this is multi million pound business.
As such I believe we are in a lockdown.
Now that lockdown could be due to us bidding on the 15% of ENSA from CGP or indeed it could be because somebody has approached Solg about buying ENSA or the whole shooting match.
I dont think it would be the whole thing - how could we ever sell the whole thing - whoever buys in needs Solgs relationships in Ecuador, needs our social responsibility etc
Could be that we are indeed bidding for CGP 15% - infact we have it in the DGR report that its our intention to do so - but why now..why not wait it out for BFS when CGP would owe us the big money, surely at that stage or just prior to it would be a better time to approach the table.
So that leads me back to thinking maybe its a 3rd party who has approached solg with a view to buying ENSA. Warren Irwin tweeted a few mths back that he thought it wouldnt end up with Newcrest or BHP - then he went silent. If a third party wanted to buy ENSA they wouldnt want 15% still to be owned by CGP - they could either push Solg to bid for CGP's 15% or indeed negotiate with them directly. If we have been approached then Nick would no doubt have informed BHP and Newcrest of the approach - maybe this would release BHP from the standstill - they would then need time to ready a counter bid (if they were so inclinned) and would also want the CGP 15% sorted out. So we could have multiple interested parties within a sphere of negotations, in my mind that could take months. Maybe nobody has officialy placed a confirmed bid on the table and as such the market doesnt need to be informed of a tabled bid (I think), but all parties might well agree that a non news period is best and possibly even have requested it from Nick before approaching the table.
Solg IR, could only then use words like 'imminently' and 'soon' and couldnt provide an explanation for delayed MRE3
Maybe a third party wanted to approach the Solg now prior to any conditional finance package being arranged, which could increase our SP. I think personally Nick has been honest, he will take this to production if thats the option for him, but has always said he'd consider offers if they were right for the company and shareholders.
Maybe the current SP decline is due to Copper wobble, brought about by the worries over Corona Virus - a black swan that
Quady, I appreciate your scepticism from a new poster mentioning comms from Solg.
But I’ve only ever been honest on this board and I can confirm I received an email communication from Solg yesterday. Very polite in tone and reassuring whilst not revealing anything not in public domain.
It mentioned both the Copper price and also the Corona virus - also mentioned corporate teams working hard on the CGP bid - it did however correctly contain MRE3 which it said would be released soon.
Take it as you will mate but I’ve been here a long time and wouldn’t waste a post to pull your leg
Good Luck all DG
75% loss of SP value since mid Feb 2019
Any chance of an RNS to let us know how this is going to be reversed - We know that an SAS secret service business has been purchased, we know that the old drone business has been folded and we know that some sales discussions have taken place.....really good to know that someone has picked up the phone....and that the phone bill has been paid
We've also sort of heard that the tests take a long time and a few concrete manufacturers might be interested - but would be good to get an indication of test result timescales with the big boys.....or is it just a big open ended - takes a long time type of message - ie you haven't got a clue
Not really expecting a company of this size to really act like a quoted company / the private mentality and ethos is deeply ingrained - but I'd like to merely mention that you are indeed a quoted company and as such at least have a little bit of a responsibility to your investors
When is the AGM - Id like to attend
DG
Cheers the iceberg - so DGR is just taking info from Solg RNS releases
Solg has already superseded (we believe) RNS last release (as we haven't had any) - with their presentation - ie the delays with timelines
So what's to be believed / Solg presentation / DGR release / last set of Solf RNS' releases
Who knows - all a lot of smoke and mirrors as far as I'm concerned
Giving up double guessing - we will all find out in due course one way or the other
DG
Exactly Dreamboat :o)
Also recently been some share buying by Bob Sangha - now why would he be looking to load up his CGP share holding - I don't have the answers - but Id bet its all tied in somehow. Others who are more knowledgeable on these matters may be able to join the dots on this
DG
Morning guys/girls
Tough times on the old SP - but maybe better times on the horizon
The DGR report has some great solg info - deffo worth a read
PFS muted for Q12020
My take is MRE3 has to be released before PFS - as it feeds into PFS
So MRE3 likely to be Q1-2020
Now id assume if PFS is to be released in Q1-2020 then of course MRE3 has to be already completed
Well that's the obvious bit - and what we all assume anyway
So why hasn't it been released ?
Well there has to be a reason.....and just maybe that reason is explained in part by the 3rd from bottom bullet in the DGR report
Solg paperwork being sorted for a bid of the 15% ENSA stake that CGP hold
Paperwork being sorted (or words to that effect) reads to me as we are in bid talks
Again this is something that many have assumed anyway
But here's an interesting thought - if we are not bidding for all of CGP - just the 15% of ENSA then just maybe this would be more appealing to CGP as it would mean they retain their circa 9% shareholding of Solg - giving them all the future potential upside (more chance of the bid being agreed)
Now join the dots to Icebergs post here yesterday - CGP are low on money - they have to raise money to keep the lights on - something to do with TSX regulations
If they raise money they are going to potentially send the CGP SP down - again making a deal more appealing
As Iceberg pointed out - Releasing MRE3 now (as we assume its ready) - could send CGP price up
This would surely make it easier for CGP to raise money which they need 'imminently' (hate that word !)
So just maybe - Solg cant say much right now - Eliza cant say much right now and maybe our venting at NM is misplaced
I appreciate its a struggle with SP being down here and I too have to resist the urge to look for an avenue to vent towards
It could be that Q1 - could well see the bid for CGP - MRE3 - PFS - Update on BN - and who knows what else - all catalysts which would send our SP much higher (I hope)
Just my thoughts chaps - I don't have all the answers (That Pob on CEO though certainly posts good directional information)
Have a great weekend (only 8 weeks of Q1 remain)
DG
Blimey - this is a bit of a slog isn't it !
46 calendar days (come Monday) - since last RNS
That's a 5 yr record for Solg
Miscalculation of how long it takes to pull the stats together from a 1 yrs drilling programme - or something else hindering proceedings …..hmmm now let me think now
Good luck all....I have no answers …...only theories...…
Patience it is then......have ltd choice as no way anyone getting mine for less than...…...well less than a mine really :o)
Nah.....Id rather my investment went to zero …...
But I would like a little news
The last registered stock buy over £1k was the 20th Dec - and prior to that the 31st Oct
Along with the strengthening of the Technical Sales team which started in Jan 2019 - maybe a little focus on PR would help - just a suggestion
Even a smile would go a long way
Cant all be bad - at least an investor somewhere is leading with their wallet
GyroMetric - Jan 2019 - Update please
GyroMetric Systems Limited ("GyroMetric"), continued to increase sales of its active protection system to protect large marine drives however these remain modest. (No **** Sherlock)
During the year Gyrometric completed successful trials of its Incremental Motion Encoder ("IME") at the world's newest and most powerful offshore wind turbine drive train test facility at the Offshore Renewable Energy (ORE) Catapult at Blyth. These trials have led to serious interest from two major turbine manufactures, one of which has signed a contract to test the IME system on their own equipment in 2019 and a further trial is scheduled at ORE for the other. In 2019 further material progress and commercial developments are expected in relation to both these opportunities. (All sounds great - so whats the news ?)
In the marine sector Gyrometric has agreed a test programme with a major manufacturer of couplings for marine and large industrial applications. In the oil exploration and production sector Gyrometric is in detailed discussions to deploy its equipment to monitor critical machinery. A process to strengthen the technical sales team is underway to facilitate growth in 2019. (How's the strengthening of the technical team progressing - you've had twelve months ! - I hope its been more fruitful than the strength of the sales team !)
Pipeline is one thing - but numbers on the board count !
Mid October - any update on below RNS ?
Remote Monitored Systems plc ("RMS" or the "Company") is pleased to announce that GyroMetric Systems Ltd ("GyroMetric"), in which RMS has a 58% shareholding, has reached an agreement to install digital monitoring equipment on a pilot project by Clarke Energy Limited ("Clarke Energy"), a leading supplier of power generation equipment in the UK.
Clarke Energy has decided to co-operate with GyroMetric to trial digital shaft monitoring to its generating equipment. The monitoring will employ GyroMetric's unique digital monitoring of the bearings in the generator sets, and monitoring of shaft alignment.
The objective is to evaluate the potential to realise value by utilising a predictive maintenance strategy utilising real time data harvested by the GyroMetric system, rather than a time based planned maintenance system. There is potential for savings in maintenance and down time costs from such an approach. This would support Clarke Energy's continual improvement programme to deliver increased value and machinery availability and reliability to its customers. In particular the use of GyroMetric's rapid intervention system which shuts down equipment automatically when serious faults are detected is thought to be particularly useful.
The co-operation will begin with a pilot project, where a single generating set will be comprehensively instrumented with GyroMetric's Monitoring Systems with digital information flowing into the internet as the equipment is run.
Mid July 2019 - RNS
GyroMetric is in discussions with one of the largest suppliers of marine diesels - their declared intention is to install our systems on two of their ships for trials before potentially rolling this out to up to 900 ships.
How long are the trials ? Did they ever implement the trials
Will they be completed before the ships are out of service due to their age
This is getting embarrassing - £1.6m mcap is that for real ? I could set-up a technology reseller tomorrow and get it to a £1.6m mcap with very little effort, half a dozen friendly repeat clients and a hand full of deals would achieve it.
Now the technology that RMS have is market edge and globally leading - so now is the time to prove value and demonstrate how the trials are progressing.
Why would any big player place an order with you when they could buy the company with pocket change
Come on Trevor Brown - my Nan's cottage is worth more than your premium world beating business
DG
Sorry Rich3R - plenty of genuine investors here and I couldn’t recall all (with my little rant) - no offence meant to any genuine guys/girls I may have missed out
My gist is this - it’s been a bad year (happens) doesn’t mean it’s terminal, it’s just a poor period - I’m not happy about it but I’m honest enough to state I wish I knew more about these orphan periods (if I had seen it coming I’d have course sat it out !!) I didn’t though so I’m playing the cards dealt and the position I find myself in.
I love debate - good and bad - I love positives and consider all negatives - but some of the bashing is just outrageous !!
Anyway - good weekend to you mate - apologies again for the omission - nothing intentional and as I’ve been here 3yrs + I have no doubt I have missed out loads of the good guys - of which you of course are one
Come on Solg .... time to motor ... ?