Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The Executive Chairman of Chaarat owns about 45% of the company (according to the LSE board here) and has substantial links to Russia and Directorships therein. He is also a Director of Cabo Delgado Investments. CD is the north eastern region of Mozambique and it is claimed to have the most mineral/gas resources in Africa, but for the past few years has been subject to a 'deadly Islamist insurrection'. Total have recently withdrawn all of it's operatives from their $20b offshore gas project because of these troubles. Mozambique adjoins Tanzania, though far to the south from Shanta.
This could be us!!!!
https://www.youtube.com/watch?v=HgfB6M1CRr4
Logged on early because I normally miss the fun.
'If you fart, he has to s-hit himself'. Love that one and will use it in the future, but only in selected company.
I normally can see some sort of link to the name but this one has me beat. Never mind, when you're talking about the market and the company, I appreciate what you have to say.
Often take a train to York (from Durham) for a pub crawl when I can get a cheap fare, my Senior Railcard helps!. Too many great pubs to mention, but a couple I always visit are The Blue Bell on Fossgate just around the corner from where you were and The House of Trembling Madness on Stonegate. It's a first floor bar accessed through the beer shop near Ye Olde Starre Inn - not so 'olde' now unfortunately!
Just wondering after reading comments here today, was it that solely Newcrest said no to stumping up more money and that caused our recent attempt at a cash raise to be pulled? One could have fun speculating on behind scenes activity if that were the case!
Because of the size (£1trillion), spread (9300 investments representing 1.3% of all listed stocks globally) and coverage (foreign stocks, bonds, property and renewable energy projects), the GPFG is exposed to the global economy and has 'nowhere to hide' said CEO Nicolai Tangen to the Norwegian Parliament in May.
https://www.reuters.com/world/europe/norway-sovereign-wealth-fund-ceo-warns-rocky-ride-ahead-2022-05-03/
Whilst SOLG is only one of 9300 investments, it must be significant that the fund has been increasing it's holding here.
GLA - and come on DC, shift yer ruddy arse! (apols Eliza Doolittle)
Well there you have it. After much amateur dithering and doddering, favouring your chosen posters (on many other BBs, not just SOLG) to do as they like whilst deleting most of so much else, it appears that very few posters are now contributing to your site. I monitor 8 shares with you and can see 9 comments across all of them, filtered included. I will keep looking in here but will spend more of my time reading a more professionally orientated site.
You have members email addresses, why don't you admit you've fouled up, explain how you will address your failings and apologise wholeheartedly for the mess for which you, by your acquiescence, have been a major contributor.
MF - wholeheartedly agree. Enjoyed the sunshine yesterday (and a few real ales in the shade) but logged in just now to find over 50 filtered posts in less than 24 hours! Admittedly, I don't have to read them but it will put off many valued and potential posters from visiting this BB.
Admin - SOS! (SAVE OUR SITE)
It isn't just the 'imbeciles' you mention LM. LSE themselves are as much responsible in my opinion by using their 'one club fits all' method of censorship. I suspect their actions have lost as many subscribers to these BBs as the behaviour of the 'imbeciles' you mention.
Get a grip LSE - you're losing it!
I will be amazed if our new lady isn't already fully up to speed with what is going on with all aspects of SOLG. I don't think her 'start' date being prior to the EGM is a coincidence. I expect a slew of RNSs next week with aforementioned lady officially being heavily involved in what follows, she already being prepared for it all!
There's a guy on CEY BB called goldgnome who's always worth reading. This is an extract from something he posted earlier.
'The gold mining industry will need more mergers and partnerships to dig up harder-to-access (deeper, more difficult jurisdictions) deposits in an environmentally friendly way, according to the head of the world’s biggest producer.
“We are seeing fewer and fewer large-scale and transformative gold discoveries,” Newmont Corp. Chief Executive Officer Tom Palmer told an industry conference in Toronto on Tuesday. “Instead, we are seeing lower grades and more-difficult-to-reach ounces.” THE IMPORTANT INFERENCE ABOUT LOWER GRADE, IS THAT THE NEWMONTS WILL NEED LARGER OREBODIES TO CONTAIN THE SAME OUNCES. LARGER OREBODIES MEANS LARGER AND MORE COMPLEX GEO-METALLURGY, WHICH IS AN AREA OF GREAT NEGLECT BY THE MINING FRATERNITY, AND WHERE THE DEVIL IS IN THE DETAIL.
To tap those ounces while assuring the industry addresses “critical sustainability issues” will require access to capital and agility, Palmer said at the Prospectors & Developers Association of Canada gathering.
“There are only a few gold mining companies who have the capacity to deliver on all of these elements: size, scale, mine life and access to capital — clearly making the case for further partnerships and consolidation within the gold mining industry,” he said.
Those who don’t understand such fundamentals “are doomed to be left behind,” Palmer said. “While gold will always exist, not all of us will without collaboration and consolidation.”
This was aimed at gold (of which we have bucket loads) mining, but it must be relevant to some of SOLG's deposits.
Many thanks goldgnome.
Shipright - Already have them (well it's a Yamaha Virago 1100)
Padmaster - True story. At the end of last century, I was offered the opportunity to partake in an online 'Russian Brides' business. Online businesses of any sort were nowhere near as prolific as now, and an English lawyer was acting on behalf of the female Russian who 'owned' the business to seek 8 investors to put up £12500 each. She was sourcing the potential brides, all early 20s and many of whom were quite pretty and the business was aimed at the US market. A little research discovered an amazing demand from middle aged Americans, who would take a short holiday in Russia on a 'try before you buy'basis. Selling the holidays was, of course, where the money was to be made as well as taking a cut of any money the 'brides' made, marriage or not! Lol! Apart from the moral issues, the absolute no-no was the Russian Lady's assurance that the Russian Mafia had given consent (this was necessary for all businesses at that time and possibly still is ) and their fees had been agreed. I may have briefly entertained the idea of being a pimp for bragging rights down the pub on a Friday night, but swimming with the fishes isn't my cup of tea/pint of real ale!
Fourteen trading days for the 'offer' to come in if those watching decide to get off the pot! GLA
Pad - In the event of a takeover bid, agreed by all concerned and heading towards completion, shareholders would always have the option to sell their SOLG shares in the market (admittedly at a small discount to the takeover price) so as to avoid the risk of a variance in the SP or even, in some circumstances, an abandonment of the takeover.
Personally, in such an event, unless the discount to takeover price was substantial, I would be mostly/totally sold out of SOLG and reinvested where I felt it would benefit me most, which because of my age, would probably include vain attempts to relive my youth! (Know what I mean, nudge, nudge!)