Member Info for AROK1975

Thanks Add - keeping track, will update if they reply. Solo shots add up!

Davyjwavy - Thanks - template's there for all disgruntled PIs to fire at Dan.

ATB

Cheers, Monte, principles firm - probably fruitless but every PI email counts!

GL

No, I'm not, acting solo but will be backing all PI coordination.

GLA

Probably Falls on deaf ears, but here's the Email Template I'm Sending to SolGold Board following my earlier post.

Subject: Request for Full Disclosure on Cascabel Progress and EGM Requisition Notice

Dear SolGold Board of Directors, As a long-term private investor (PI) in SolGold plc, I write to express significant concern over the board's references to "game-changing" progress at the Cascabel project without corresponding full public disclosure. Recent communications, including LinkedIn posts on the Tandayama-America (TAM) starter pit (60.2 Mt at 0.43% CuEq, 75% Measured), have teased material updates that appear to remain partially withheld, prompting questions on compliance with FCA Disclosure Guidance and Transparency Rules (DTR 2). Private investors collectively hold substantial voting shares and, while lacking direct board powers, can coordinate under Section 303 of the UK Companies Act 2006 to requisition an Extraordinary General Meeting (EGM). This requires only 5%+ of total voting rights held collectively, at which point we could table resolutions seeking detailed explanations, independent audits, or full technical reports on these Cascabel developments. This mirrors Cornerstone Capital Resources' 2020 activist push for transparency on project data during prior disputes, which ultimately led to greater disclosure ahead of the 2022 merger resolution. To avoid such escalation, I urge the board to promptly release comprehensive details on all referenced Cascabel milestones, including pending assays, updated economics, and permitting progress. I would welcome a response outlining the board's position and any planned RNS announcements within the next 7 days. Failure to address this may prompt coordination with fellow PIs to pursue an EGM requisition.

Thank you for your attention. Views expressed are my own as an individual shareholder.

Best regards,

We (PIs) hold limited direct powers but can coordinate to requisition an EGM under Section 303 of the UK Companies Act 2006 - requiring 5%+ voting shares collectively - to seek full details on game-changing Cascabel progress referenced by the board. Remember Cornerstone's 2020 transparency push, we could table resolutions for explanations or audits on these updates! Wishful think 🤔.

GLA

Either way, 28p looks very thin, and with IIs increasing their stake while the price stays tight to the offer, the pendulum is starting to swing towards a better offer, imo!

ATB

Exactly - when it comes to voting, how can anyone pretend this is a fair vote without a fully up‑to‑date picture? Exploration outlay is well north of US$500m since 2010 - mostly Ecuador, blood, sweat and Cascabel drills - and we’re being asked to accept just $1.1B at 28p as a 'win'. For long‑term holders, that looks like a disaster, not a victory.

So spare us the cheerleading, zoro, some of us can do the maths.

Pure win-win arbitrage for the likes of Samson Rock. Buying the 27p-27.7p dip locks in tidy profits if the 28p Jiangxi scheme clears (just 1-3% spread on 75M shares = £500k+ risk-free). If copper ATHs spark a bump to 30p+ or white knight swoops in, they ride the upside with no cap since it's cash-settled swaps. No downside unless deal spectacularly blows up!

Heads they win, tails they don't lose much!

SolGold LinkedIn glow - "In a year of rising commodity prices... SolGold stood out in 2025 - focused execution... Thank you partners & shareholders."

One of the comments to the post:

"What have we spent to get to this point after 19 years of work & finding a world class asset? Takeout at 1.1B USD isn't a win it's a disaster."

Hear, hear! Exactly - long-sufferers deserve way better than this fire sale at 28p amid copper ATHs. No pat on the back warranted. #SolGold

GLA

Copper making new highs strengthens the economic case that 28p is STINGY and laughable. IMO, this ramps up political and investor pressure for either a bump from Jiangxi or a rival/white-knight move – the spread between asset value and 28p has just widened again!

GLA

Sorry sorry Add - correction on my last post - my bad, mixed up Nigel Wray's recent stake ramp with Sosandar PLC (SOS), not SolGold.

Apologies for the error.

Got too excited....

...and now the Institutions (IIs) are starting to publicly announce their positions too! With Nigel Wray ramping up alongside us PIs, and smart money now piling in openly, SolGold's register is shaping up like a fortress. This is the kind of alignment that screams value unlock ahead—hold tight, the momentum's building!

Fingers crossed 🤞

Great news folks - Nigel Wray, the veteran UK "super-investor" with a stellar track record in small-cap winners, has ramped up his stake! This isn't some quick trade—it's a clear vote of confidence from a patient heavyweight who's now even more aligned with us private investors (PIs). With Wray doubling down, the float tightens and conviction builds— bullish signal for the long game ahead!

ATB and GLA

I resolve in 2026 to chase Tier-1 dreams only if boards stop flip-flopping quicker than JCC's bids (24p? Nah! 28p? Sure!), and to sniff out shenanigans before my shares become the fine-print confetti in a Chinese victory parade

Ortherncopper, that’s a great end‑of‑year tummy tickler – brutal but fair as stock‑market advice goes 😄 !

Zoros, your 41% + 34% math ignores the two hurdles. 75% overall AND 50%+1 of votes cast at Court Meeting (disinterested shares only). PIs ( approx 47% float) can stuff the room with NOs and kill it on attendance, even if locked bloc hits total. Chinese takeaway? Only if you let fatigued "probablys" win. Fight or footnote - your call!

Fair point, Pbow, on the 50%+1 hurdle - PIs showing up could make it tight even if locked votes carry 75%. This was a dream asset (world-class size, still undrilled tenements) - we all need one, so fight to the last.

We've backed this from 1p days through dilutions, Ecuador risks and now a PFS screaming $3.2bn NPV / 24% IRR. As we all know, Jiangxi's 28p has locked 28.5% (them + BHP/NMM/Maxit/directors). Scheme needs 75%, leaving approx 46% gap.

Most if not all (unless fatigued) PIs (approx 47% float) are primed to vote NO on daylight robbery vs. standalone upside (40p+ easy). But we can't block alone!

Undecided IIs (DGR, Sangha, Tenstar, Norges etc. — you know who you are, your 25-30% swings it. PUBLICLY break from the board rec and demand a bump or white knight room.

28p is a gift to JCC on a de-risked world-class asset.Vote NO at Court Meeting. Force better.

P.s. thanks for the positives 😇 and a very happy new year!

Solgold shareholders - Let's crank up the positive frequency from here on. Cascabel's world-class potential is real and advancing. United optimism builds value-join me?

That article is fantastic but dated 3 Dec— since then we've had JCC's 3rd non-binding offer backed by you know who + board's "minded to recommend." I'm nervous about it...endured years of ups and downs (more downs), and everything was on the right trajectory until the 12 Dec RNS.

Hope it's games afoot!

GLA