Member Info for AROK1975

Saw it through to the bell 🥊

No more Monday morning RNS ritual.

Comparable return to Rolls-Royce Holdings, achieved with a fraction of the capital at risk.

Cheap CEO options.

A persistently suppressed share price.

Minimal exploration at pivotal moments.

Selective disclosure when it mattered most.

Institutions positioned early. Retail left exposed.

TSX scrutiny avoided.

LSE open season.

A tier-one copper-gold asset handed over on a silver platter.

History will record the asset.

It will also record the Board.

ATB

True Rodney - plenty of time to sweeten the pot for management on top of their confetti options. Board can jazz up the deal all they like… flop of the century.

Fair points, Bozi - but a billion in hand today versus leaving billions on the table later? Feels less like ‘Deal or No Deal’ and more like the banker dealt everyone the wrong cards. Meanwhile, those obstacles don’t disappear - they just make the 28p look even more curious.

ATB

Turning a goldmine into a giveaway is no mean feat - beggars belief that The West treated it like business as usual!

Exactly, Mf - they did manage to set a new benchmark… for disappointment.

AtB

LinkedIn

Under a drill-core photo, Nick Mather writes, “seems a pity to crush it up.”

Quite. Years of work, patience and belief - all reduced in one move.

Curious how sensitive we are about crushing rock… less so about crushing shareholder value.

On a separate post, Dan Vujcic is liking commentary about renewed momentum in the London mining market.

Not related posts. Just timing.

If momentum is returning and value is strengthening, one can’t help but ask - why was SolGold plc taken out at 28p, a price that reflected none of that improving backdrop?

Answers on a postcard.

Sand Grove - increased exposure on vote day, 1.63% of shares.

Millennium - added around the vote, 1.11% of shares.

Caisse Fédérale de Crédit Mutuel - bought near the offer, 1.12% of shares.

Trium Capital LLP - cash positions 1.44%, increased on vote day, similar play to Sand Grove.

Downside 28p, optional upside before Court sanction.

Not flying solo here - Sand Grove Capital stands out, increasing on vote day. Downside locked at 28p, upside optional before Court sanction. Smart money knows what it’s doing; patience is the play.

So far, the only institution confirmed to show both size and tactical timing like this based on available disclosures.

GLA

All in to the end.

If no counter emerges, I’ll take the 28p under protest - hard to reconcile with past promises of “unlocking intrinsic value” and “transformational upside,” as CEO Dan Vujcic said when Jiangxi first boosted its stake.

When outcomes fall this far short of what was implied about value, confidence in the system is hard to maintain, to say the least.

ATB

Board blunders turned a world-class opportunity into something ordinary - while tossing themselves confetti.

The Court must still:

• Confirm proper process

• Assess fairness and disclosure

• Consider objections (even minority ones)

That said, if today’s vote is tight - if the scheme passes by a whisker - advisers to JCC may conclude that paying a little more (1-3p) is preferable to rolling the dice at Court.

If that happens, any move would likely come within 24-72 hours of the vote, before Court risk becomes the headline.

A third-party counter after a whisker-thin pass is unlikely.

A failure resets the process and brings short-term turmoil. Any counter would take weeks, not days - unless a bidder was already deep in the room.

Vote done, but the scramble isn’t over - narrow pass or fail, everyone’s watching: do you buy back now, or wait for the dust to settle?

Good luck.

The vote opens the door - the Court decides whether you walk through it. If the margin’s tight, a small sweetener can be cheaper than gambling on process risk.

Good luck to everyone still holding - it’s been quite a ride. 🤞

Proxy deadline passed - the board and advisers will already have a very good read on the outcome at SolGold headquarters.

The market’s deciding whether this ends here… or opens another chapter. Still finely balanced. 🤞

Could Monday bring the plot twist no one saw coming?

No vote lodged weeks ago. Attending the meeting.

Timing, sequencing and valuation logic feels like a lot of bolderdash, especially versus current copper/gold markets and strategic optionality.

After 15 years and based on what weve been told not blind ally, 28p grates.

GLA

I can see why some have voted Yes - the argument that it could flush out a counter-bid is a rational one, and it’s a legitimate way of testing the market.

That said, my issue remains with the timing and sequencing of the Scheme itself. Too many moving parts were either missing or unresolved when it was launched, which inevitably framed expectations and narrowed perceived options.

If value’s really there, it won’t stay quiet for long.

GLA

Agreed, Rodney. SolGold has cash on hand, with Franco‑Nevada and Osisko milestone funding backing the near-term going concern. Cascabel and the other tenements can still move forward, and the market showed what it can do before the 28p bid - momentum is real.

For me, the key points are funding milestones, permitting and regulatory progress, and steady project delivery. Strategic value remains solid.

Good point on Provenir - TAM shows up in RNSs as part of an early open-pit approach, though it hasn’t made it into any formal economic model or the Scheme - easy to see why the board parked it aside.

Let’s see what the market and AGM make of it - volume and trades will tell the story.

AtB

In my view, the worst case is the scheme passing - but let’s put 28p aside.

If it fails, with no counter-bid or JCC upgrade, it’s not all doom and gloom. Unless everything said in the RNSs about building momentum into the low-30s was fabricated, the market has already shown what it can do when sentiment turns. A genuine reset would be needed, no question - but that is very different from terminal decline.

Just remember how parachuted-in DV drove the price to 32p+ right up until the bombshell 28p JCC offer. That move didn’t happen by accident. It illustrates how a rebound is possible, even if a board-level reset becomes necessary due to ongoing project delivery issues.

The going-concern remains intact. SolGold sits in a jurisdiction increasingly aligned with Western strategic interests, copper is niw a critical-supply metal, and gold is… well, gold. Regulatory, permitting and community groundwork has been moving broadly in the right direction, so this is not a project starting from scratch.

Importantly, Franco-Nevada and Osisko remain tied in via milestone-based funding, which continues to underpin the near-term going-concern.

Letter of Representation in hand - no bats needed. I’ll let the volume and the trades dictate the run-up to the AGM.

That’s my take - others will form their own conclusions.

Despite heavy volume yesterday, the bid was repeatedly met and held. Market behaviour suggests the outcome remains uncertain and still up for grabs.

Agree, Bob - and let’s not forget the real issue, the board, past and present. Out of their depth when it mattered, incentivised by cheap options rather than value. That’s where the damage was done - clear as day when they stopped the runway train at SolGold PLC.

The 28p applecart isn’t guaranteed. Big players are still moving - yesterday’s volume shows that - and even small shifts in news or sentiment could ripple through before the vote.

We are where we are, but this is madness - baggersbelief.