Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
Slug.... whilst I completely agree with Ship, this really isn’t the place for this discussion, I struggle not to challenge anything on an online forum I perceive as a complete misleading falsehood. So can you please let me know where you arrived at the £400bn figure? Here’s the NAO position....
While research carried out by the National Audit Office (NAO) in December 2020 showed that the UK had spent £2.9b for a total of 267m doses of five different Covid vaccines.
The total cost of purchasing, manufacturing and deploying vaccines, and investing in global efforts to buy vaccines, to the UK taxpayer was estimated to be up to £11.7b.
As I’ve said, I think something has to give before next AGM. Rationale behind this is that in the absence of genuine progress (on Alpala) this year, pressure brought to bear would see a massive revolt resulting in a large scale overhaul of the board, and, in all probability, BHP gaining far more influence, at the expense of the small shareholders. The four likely outcomes are (please add more if you can)
1. We receive bid(s). Hopefully firing the starting pistol for a scramble for control from more than one major.
2. We enter into JV agreement to develop Alpala with a major
3. No bid received, we continue on our stated path, but with no further delays. We see a PFS, a finance plan, and a new detailed plan for the mine.
4. No bid received and further obfuscation and delay.
All this ignores the other tenements, drilling etc, all of which is business as usual, but can clearly have significant impact on sentiment and SP, but are pretty unpredictable in nature. Also ignores the fact that (I believe) at some point we may have to raise cash to keep the drills turning.
Of the four options, I favour option 1, and also see it as most likely, with 4 being the least likely. In terms of impact on SP, options 1 and 2 clearly positive, option 3 negative, option 4 catastrophic.
Further input welcome.....
UNB1 don’t fret it, you are certainly not alone in your frustration. And as for the often expressed view that gold price has any connection with our SP, it’s clearly laughable, anyone bothering to do the slightest bit of historical research would easily conclude otherwise.
Stay confident in whatever initial research prompted you to invest here. There’s been no catastrophic news which would change any of the fundamentals, it’s just a matter of waiting.... and as I said yesterday, my personal view is that the wait will be under 12 months.
Rich3r re your point about funding.... I am resigned to this now. Should that come to pass, I intend to either take part in any offer, or purchase more following the inevitable retrace to avoid dilution. I just can’t see the continual stalling and delaying tactics lasting up to the next AGM. Something has to happen this year.
Hi red knight... you’re correct, those aren’t your words, they’re mine, which I thought was clear in the post, them being in a separate paragraph, but perhaps not.
Hi Rich3r, yes, I do in fact favour the bid being the most likely outcome, however I have felt that way for over 10 years now, and have to confess that Quady appears to have got it right so far (but I only need to be right once!).
All that said, given the company position and statements, the price of copper and gold (and now platinum!) have, to date, proven to have little or no impact on our SP, so the daily posts about how fantastic these things are for our potential do become tiresome.
If it’s a metals boom, if we have a predator, they could be panicked, bid might be significantly higher...
A few too many intangibles there for my investment appetite. Sticking to the known facts, in the absence of a bid, and in the absence of a PFS, and with no tangible extraction plan, nor a known finance plan..... it IS irrelevant twaddle. Sorry, but your words, not mine.
Montyfino you ask “ Is it all nonsense this gap filling and charting?”
Yes.
2) If an issuer is faced with an unexpected and significant event, a short delay may be acceptable if it is necessary to clarify the situation. In such situations a holding announcement should be used where an issuer believes that there is a danger of inside information leaking before the facts and their impact can be confirmed. The holding announcement should:
(a) detail as much of the subject matter as possible;
(b) set out the reasons why a fuller announcement cannot be made; and
(c) include an undertaking to announce further details as soon as possible.
I must have missed the holding announcement then.
Boyo.... you say
“Taken to the extreme, Shell could theoretically sell the entire company and buyback every single share with the net proceeds.”
Hope I own the final few hundred shares in that scenario.
What price do you think I might be able to command for each one given I then own Shell in its entirety?
Think you might want to review your understanding of buybacks I’m afraid.
Antipodes of Quito is Riau Indonesia. Who knew.
https://www.antipodesmap.com/
I’m an infestor! Given what a pile of childish nonsense that whole scenario is, I’ll take it as a badge of honour.
I enjoy some of the debate on here, and try to ignore the puerile nonsense like this but it does become very tedious, and gets in the way of any meaningful discussion. Hopefully 2022 will see some growing up, but I’m not holding my breath.
2.65 million x $70 = $185.5 million. So, as was originally asked, how do they arrive at their figures even with the 10% reduction. That would suggest it’s going to cost over 90% of the value to extract it. I think the OP had a very valid point..., sadly they have now been forced off the board due to the vitriolic and rude nature of the responses. And the point that they then made was also true... no one else came up with their own calculations.
This is a Solgold forum. There’s thousands of other chat rooms available to discuss Covid, jabs, government responses and conspiracy theories. Please take your posts elsewhere if you want to debate non Solgold related stuff. Thanks.