Member Info for addicknt

I'm not sure my definition of a rock and a hard place is the same as yours.
I think most resource companies would would happily give their right arm to be facing such a conundrum. The fact is, the company is looking as so many variables and they are all positive. Strategy and tactics are what this is all about and I reckon NM is a master strategist and tactician.

article appearing on this page under the SOLG Share news, is worth a read.

Qalibashi, I agree with your points.
KB, you mention 'several' years. How many is several? Some people have been talking about seeing this as a lifetime investment...I assume you don't see it that way? I'm 62 and this has become my largest investment by far. I know I'm being selfish, but I'd quite like to see it realised and to be able to fritter the profit away on wine, women and erm?...well, nothing else, really. Come to think of it, the women bit is a bit far-fetched.

about production versus sale is an interesting one and clearly divides people. My guess would be, the older the poster, the more likely that person is to want a sale.
However, those arguing for the production route should bear in mind it's not just about raising the odd $3bn, as if that weren't challenging enough. To go down this route requires a vast corporate infrastructure and in-house experience, and this is not easily acquired...at least not the acquisition of top talent.
Mining, like most industries and businesses nowadays, is dominated by huge global players (grandmothers...eggs, etc) It is hugely difficult for a company to go from scratch and turn itself into a fully-fledged global competitor. In fact, I'm struggling to think of a recent example.
As far as our structure and management profiles are concerned, I can see no real indication that we'll be an independent business within two years, let alone thirty.
As others have said, NM is playing a canny game of keeping all options open, but I'd be extremely surprised if there's a single person sitting around the board tables of BHP etc, etc, who genuinely believes that SOLG will still be around in the relatively near future.

Oh well, bang goes the theory.

afternoon there was a code 1 trade on solg; today there was an RNS.
This afternoon there has been a code 1 trade here. I wonder?

I sit back and marvel at my ability to get the right timing for my share purchases. My brilliance astonishes me.
Oh well, if Secker's "advanced" negotiations don't advance as far as he'd like, he may well find himself short of a leg or two.

did any of you notice we had the much fabled "Code 1" trade yesterday afternoon?
Strange how sometimes this does actually coincide with an RNS the next day.
Otherwise, good to see yet more solid progress. December will be a mouthwatering prospect.

Hi Rocal, hope all is well.
Yes, the US authorities do tend to take a somewhat more robust approach to white collar crime than we do. Four life sentences plus 1000 years has rather a nice ring to it, doesn't it?

Spot on, Schlemiel.

Thanks for that, GV.

GV, thanks for posting these links.
What confuses me (and BC/RR, seemingly) is that BC lays-out his 'golden rules' for investing in exploration targets and then, despite SOLG meeting virtually every one of them, declares the company a "short". His inherent contradiction is baffling, to say the least.
I have not seen a video where he explains his views in detail (if there is one, can someone please post a link), but I would have liked to have been in that forum and to be able to ask him to clarify his confused thinking.
Does he have it in for NM? Are there other reasons for his antipathy?
By the way, I've followed Rule over many years and he has made some great calls (and some absolute howlers), but boy, is he a smug, self-satisfied, son-of-a-bitch!

of the interesting things about this raft of regular presentations is to ask yourself; "why are they doing them?"
To me, there is only one answer; to make sure every potential bidder in the world is absolutely clear what is at stake here.

I think we can assume they're very happy with life!

So, the SFO should simply ignore a potential crime? And which judge? This is an investigation, it hasn't come to trial. And this has nothing to do with the current board, it's looking at the actions of the previous board of directors. You appear to be a bit confused.

it's really worthwhile spending some time researching the issue. There are many articles/documents available on the web and you'll get a clearer picture with regard to the reasons behind Kofan as well as restricted areas and the legislation that governs mining. Rio Blanco, being in another country, is completely irrelevant to us.
One always needs to be very aware of political risk, but research helps to understand it a bit better.

Cockroach always reminded me of one of those characters you see everywhere in southern Africa; slumped in a rocking chair on his stoop, swigging Lion beer, gut busting out his too small shirt and piss-stained khaki shorts, moaning about how life was so much better when Ian Smith ran things.
He is a very poor excuse for a CEO and I'm really not sure how his name could be mentioned in the same sentence as the saintly Mather.

The same Pottinger who ran his own PR and 'reputation management'...cough, cough, splutter, company into bankruptcy by peddling foul garbage in South Africa. His presence on the board told you as much as you'd ever need to know about this utter farce of a business.

Statsman, yup, you are wholly to blame!
Actually, what really happened was that the company didn't want to go to the trouble of writing an RNS, so they've deliberately manipulated the price down. Either that or the recent influx of new holders have got bored and buggered off.

Dreamboat, I suppose one way is a type of earn-out.
We sell all of the assets but maintain our listing. A huge divi is paid out and the acquirer, via an agreed formula, continues the exploration programmes and pays more as and when other assets are proven. SOLG as a corporate entity, then seeks other exploration targets elsewhere.
This is a bit far-fetched, but it's not impossible.