Member Info for Bozi

Yes CD. You were absolutely spot on about Norges-well done for anticipating and spotting their additional stake building. I actually enjoyed your "Norges gorging" commentary and certainly never ticked you off. If anything advocated receiving the facts.

They're now in and you were right.

Now, instead of the old tomato/tomato act you could just admit you overplayed Blackrock's motive. You don't even have to say you were wrong... I'm kind you see...

Correct rcgl2.

The way I look at this is that Blackrock have hundreds of different funds. If, say, 5 of those funds held their SolGold position between them that will be subject to change as each fund is managed independently, often by different fund managers, who will adjust their position based on numerous factors including ongoing analysis of the investment case and redemptions.

Well said LM.

Facts over dreams and agendas at all times.

Correct rcgl2.

Although I must admit I enjoyed the spin/pivot immensely. One or two on here may want to lend their services to the tories.

Monte - 9.25 post is utterly ridiculous. What difference does it make to you how people travel? It's company policy and I suppose it only becomes OK it a bid lands and we all walk off into the sunset pockets filled? Please. By all means talk your book but comments like that are almost libellous.

SR - no you will not be forced to hand in your Ricca shares.

You can continue saving into your LISA after you've bought your property and withdraw the funds tax free when you reach 60.

Your broker is likely to be apprehensive about moving your Ricca shares as they remain unlisted and the company is in it's infancy which raises the possibility that the depositaries are unable or unwilling to move the stock around.

Ohh nooooooooo Fruitbat.

But where is the Barrick bid you've been speaking of so fondly? I thought it was literally a couple of short weeks away?

Enjoy the fruits of your labour, pun intended.

Not really Colonel.

Those talking about every day being a bid day may be right eventually but they'll have been wrong 500+ times before it. Those on the other side will be right 500 times to be wrong once.

We both know which brings more credibility.

The old short card peddled by CEOs is a bit boring. I'm disappointed but not altogether surprised to see Ben take this route.

At the end of the day he can exert as much control as anyone over the trading of the stock.

Instead of whinging about them not being transparent, how about hit them where it hurts. Create a run of news that forces them to try and close into strong demand. Don't carry out a raise for crying out loud giving them ample opportunity to take part, close and get a warrant for the trouble.

I don't believe that statement is correct Rich3r. Replace anyone with everyone and we're a bit closer.

The multi-bidder auction is clearly the dream that brings SolGold to a quicker conclusion. I suspect one or two contributors to this board have talked up the possibility of this given the Noront transaction. However, there are different circumstances in play here, not to mention previous friction between SolGold and it's partner as well as SolGold and it's major shareholders. Lets hope there is interest elsewhere and someone else is willing to bid up any lead acquirer.

To answer your other question - as long as I need to I suppose.

I also don't believe every capital raise needs to be offered to retail holders. People can usually buy in the market, just like they can sell when they've had enough. It very much depends on the offering in question. Some placings are private or non-brokered, others are accelerated bookbuilds.

Bit of a contradiction in your post CD. After all, all shareholders are forecasting a bid, right?

How is that then supposed to happen when nobody expects it?

There are some shareholders who neither expect nor want a quick offer. Some of us aren't really interested in flipping the company over to the first bidder.

Why does it have to be open to private investors Rich3r?

Libretto - I think it may have something to do with the fact that SolGold has largely built it's business in London and the next geography of interest is North America.

Ingo also has irons in other fires so to speak and has been flat out the last couple of years whilst seconded into the role.

Maybe it's time for him to settle back into his previous role and let Ms Salidas take the lead?

CD - your 8:31 post contains many valid points with regards the potential financing risks with the group /subsidiary structure. However, i think your forward plan has a flaw.

You mention joint venturing Green Rock Resources to get a partner in on Porvenir and then deploy those funds on wider exploration for SOLG but you're not considering that the same issues persist, i.e. where financing for SOLG plc is a top down issue the same applies for Green Rock albeit in a bottom up fashion. Any partner will surely stipulate that any contribution they make in lieu of work done/costs incurred to date are ring-fenced for further investment into the assets of Green Rock, thus preventing SOLG from re-capitalising the group company.

Quite right SM.

Your post highlights quite well the reality of why every day is unfortunately not a bid day.

I found Pad's article more encouraging in terms of the Taunton interview but aside from that, this BoD hopefully understands that it's toast unless it raises the SP organically quite substantially in H2.

That is the only thing that I think could sway the PI vote at the next AGM. Even then they are skating on thin ice.

F79-could it not be a case that KAV have been working on this IOCG hypothesis with more gusto in recent weeks and then the first Ditau cores in the last 2-3 weeks have given the team reason to expand the programme there? They do the budget for the increased works, realise there's a shortfall and communicate the expansion to the market, all whilst raising the extra funds they believe will be required late last week?

I'm not that worried about the placing. If I had to choose between it and the expanded programme I would be in favour of the latter all day long. Had they struggled to get anything at a reasonable price and were being pressured into a significant discount then I'd be more concerned.

I'm less keen on the one for one warrants but expect they were needed as a sweetener given the lack of a discount to market.

The updated hypothesis sounds promising. We just need that breakthrough to get the show on the road.

Zoros - now a clearer picture is emerging.

You bought at 1.5p yet you wound up with a 26p average, indicating that you carried on piling in to the stock well into the 30s at least.

You were picked up on the wave of discovery euphoria.

I'm sure you've seen the Lassonde curve? Well SolGold appears to be tracking it. Is GGP too? Possibly.

Instead of blaming Mather which i know is so easy to do, maybe own your own decisions to buy more stock at inflated prices despite SolGold needing further funds for exploration. Nothing was ever hidden from investors in this regard. Neither was it hidden as to the company strategy of aggressively taking up PLs in the country in the hope of packaging up a sizeable exploration and development company.

Shareholders have had multiple exit points, the most recent being pre PFS. Yet still some complain.

Monte - take Zoros under your wing... You've posted some really good stuff today and he might find peace with his investment on the next run up of the SP.

You're comparing apples and pears Zoros, but you've been told this before.

Your beloved GGP is going to pay handsomely for having a project fast tracked to production, and that will involve being strong-armed off the remaining 25% by NCM for relatively peanuts.

We'll see how the final result stacks up vs your inflationary concerns.

No, I couldn't agree any less Zoros.

How do your inflationary comments apply to GGP? Just interested to know given the similar deposit discovery spikes followed by lengthy sideway consolidations.

Quady -i feel this tit-for-tat isn't helping anybody.

We know that certain posters have been advocating a bid for some significant time now. We know that the oment one turns up you ( maybe I) are going to be on the end of dogs abuse and eurphoric ridicule. That's the game of opinions.

I respect you for your contrarian view and would encourage you to stick to it, but there's no need to bait other contributors.

Addicknt - i didn't strongly agree with Quady's original post but feel the general point was valid. You, for example, will have many times more experience of change of control matters than the ordinary investor. That isn't me claiming anyone is superior to anyone else, but your experience clearly stands you in better stead as far as those and other corporate matters are concerned.

You'll see it on the day of the first bid when numerous names appear out of the woodwork looking for help deciphering the bid announcement. I've seen it before and I'm sure you have too.

You mean the ones that have said for weeks on end that a bid is coming, we're about to be bought and walk off into the sunset with our pockets full?

How is that going?

The problem you've got is that when someone makes 5-10 posts of abuse towards other posters for everyone 1 constructive, rational opinion about the company, it sort of dilutes their offering.

This sort of happens when a new poster joins the board today, hammers Quady in their first post, Buddy5 in their second, Massive Ray in their 3rd followed by Redknight1 and Medar.

Just chill, enjoy these last few weeks of SolGold as we know it and look forward to an offer with premium, yeah?