Member Info for Bozi

Keithakarl - might I politely make a couple of suggestions, which you're obviously free to do as you please with:

1. Tim George couldn't share that information with you without breaking market abuse rules. He could only really disclose what the rest of the market knew.

2. It wasn't strategically sensible to announce the change of plan from Saltend even though it had been strongly inferred to the market without an alternative plan. Therefore, the emergence of the US interest had to come first, and that could only be announced following the technical grant which served to lift the lid on progress that side of the Atlantic.

Question - why would any discussions impact the setting of an AGM?

An AGM is in company statute. Nothing should get in the way, because a company that doesn't hold a meeting in a 12-month period is breaking UK laws.

I'm not sure about Aus law.

Add - the RNS says he provided valuable contributions and he has been retained for his technical expertise.

That suggests he provided quite a bit to the company, albeit in a role behind the front players.

I'd guess he was involved in much of the TAM conceptual and modelling work.

It's a reminder that there's much more going on than what we see in videos or conferences. PR is just one facet of any business.

Tim - many CoX are under qualified for the role. They're politicians first and rarely economists, accountants, etc. This is by no means a new thing to Labour.

You could ask who put Hunt in there... the guy who conveniently forgot to declare his property transactions and faced no political consequences.

You could ask who put Sunak in there given his family's links.

People feel sorry for Badenoch. She has been completely inept since she took the tory reins and yesterday she did nothing more than put away the penalty kick.

It's also easy to call yesterdays budget a disaster without giving any credible alternative policies.

We've had 14 years of tax cuts, spending cuts, public services squeezed for every last drop and more. The tory mantra of give aways for big business has to stop because it's three terms of that ridiculousness that has landed the country in debt up to its eyeballs.

Keep on trucking SOLG.

Never did break 7p after all that posturing.

Back to sleep.

I get that people are jaded but I'd be shocked and pleasantly surprised if 50p came this year.

Why would anyone pony up over £1bn now (I consider 35p to be the ceiling this year)?

There's more work to be done. We're not going to get the upside from the regionals. It's a shame but it is what it is.

We need an updated plan incorporating TAM. It can't be yet another PFS. The CIPA helps too but ultimately we need to know when we can get mining and how much that will cost.

If that plan can hit the market just into the new year, we may have a short window to consider an offer or two.

Can only see the pressure building here.

It'll be great to hear how they plan to allocate the capital to those areas of interest and how Endeavour are contributing technical expertise to compliment EST's skillset.

The Investor Meets on Monday promises to be an eye opener.

Purebond will be enthralled I imagine.

Agree with Stas. Expecting big change here before calendar year end.

It's not a sell for me. It's just a question of whether we have reached 'target depth'.

SM - SolGold wasn't a serious business back then.

If we don't want to believe there was a strategic review, what did the company do for 30 months with a skeleton staff and few significant workstreams?

By denying the existence of the review, folks are covering for the ineptness of Sangha and Co.

Monte - the result was to continue with the derisking of Cascabel.

To do that a new CEO and Chairman were appointed and a strategy was suddenly developed to drill more of TAM.

Rubbish Sniffer.

A particular transaction was mandated and that transaction wasn't achievable.

None of the other options suited the shareholder group that pushed for the review.

That is why it ran longer than it's intended course.

No fabrication, no smokescreen.

Clearly you think the compsny is just going to tell a huge lie to the market. I know that has happened on occasion, but it wasn't the case here.

Hey Pad - it's more incredible that many of those who think we'll be acquired also thought the strategic review was a fabrication.

Moreso, it's incredible that some folks believe the $650m of syndicate finance is a smokescreen for a takeover.

The fact of the matter is this:

If nobody can make an offer that 50%+1 shareholders will accept then we'll be going nowhere.

The best way to get any offer price up now is to update the resource and get a credible plan for both the TAM open pit and the Alpala block cave out to market.

The time is fast approaching. The window for a change of control is almost upon us. It won't stay open indefinitely.

Sniffer - did you run out of space last night? You forgot...

RIGHT cont...

Want to oppress the left by exerting power and entrepreneurial advantage, exposing them to the social and economic poverty produced by individualism and capitalism.

For the many faults of the left, that is the most dangerous of them all.

PS - clearly not.

We flashed our skirt at anyone that would notice for two years whilst we were under the management of Scott Caldwell and the advisory of Bob Sangha. We even had our market cap driven down to sub £200m sterling and only Jiangxi would nibble on the bait.

Solaris meanwhile, have gone the lone ranger route. Retail darling with a gold stream once the development costs picked up.

Majors have, in the main, been happy to sit and bide their time, build cash and optimise their operations.

Fort - while there are buyers for the company's stock at price it doesn't really matter what any of us think.

They say they're funded through to FID with the Royal Gold streaming deal and they claim the project has minimal overburden and low capital intensity.

It's hard to see how a PFS in this environment isn't going to blow the bloody doors off.

I would also assume (because I don't hold), that a positive FID would be swiftly followed by a transaction. They claim not to be encumbered by a major, and maybe they feel that stands them in good stead for a bidding war?

It's a shame we didn't merge with them two years ago after completing the Cornerstone transaction. We could have created an Ecuadorean juggernaut that would have demanded a £5-7bn takeout.

Tandy could have been started first, roll the funds into Warintza and then roll the Warintza profits into Alpala.

Easy game.

Absolutely spot on NMM.

What Fort also doesn't take into account is that anyone who knows Solaris will know they're management team has proved one of the better performers in terms of investor engagement, market management, etc.

Quite simply, they're one of the first stops, particularly for investors the other side of the Atlantic, in terms of explorer developer stories.

SolGold by comparison has had a much more tumultuous journey. Just look at how many CEOs we've had in the last 5 years. The market is slow to forget that and a share price in the 16s effectively says "nice find at Tandy, but how are you going to get the project moving and tie it in with Alpala."

If Dan can answer that question in Q4 or Q1 26, and the market approves, the stairwell to the 30s comes back into view.

It shouldn't be Stackhouse because he's a PDMR and the exercise is a purchase of shares, so it would be notifiable (on top of the standard exercise notice).

You mean like the water companies PS? Yes, the ones that overloaded their shareholders with dividends and their executives with bonuses whilst our rivers got filthier and our infrastructure wasn't maintained let alone upgraded?

You mean the rail companies who struggle to run a bath between them - leading to delays and cancellations, ridiculous fare increases year on year, etc?

Damers - I'm not saying it won't happen - good news will likely see some acknowledgement from the market.

But scaling out from that, continued progress and a record of consistent delivery over 12-24 months will drive the recovery.

I'd go as far to say the SP will probably start to show more strength in times where there's no news. That's how the deep pockets build their positions - when few others are watching.

I think it's important, whatever everyone's time horizon, not to get perturbed by a rise from 6 to 17 and back to 15. It's about deliverance of the items you have set out and rebuilding of sentiment.