Member Info for Bozi

I must admit that all this pallava today was a surprise to me.

My only conclusion is that the creation of this new security (rendering the previous one obsolete) is so that shares can be moved between the two markets with the minimum of fuss.

If that wasn't going to be the case, the Aussie security would have been created and then both would operate independent of the other.

Fair enough Smickster.

People weren't selling in sufficient size when Norges bought were they RK1?

There was a lot of closing auction action. Why not now?

I happen to agree about sells being exhausted but there's very little evidence of the slack being taken up, probably for the reason Addicknt mentions.

The likes of yourself, DBW and one or two others have probably propped us up the last few weeks.

Agree with your second point.

Regarding your first, they haven't seen eye to eye since the Franco stream but they still maintained their stakes at the equity raises offered to them. This time, for whatever reason, they've said no thank you to whatever SolGold had planned.

Either way, it's a new development. It reduces Solgold's funding options, along with the poor performance of the market and that has to change the story.

Hypothetical but if SolGold turned round in 4-6 weeks time and said "we can't get the cash in to be a going concern", would the story have changed for you then?

Smickster - Our major shareholders and the company were in a perceived stalemate earlier this summer over the next round of funding for the company.

If that isn't a change to the story , what is?

Smickster - I'm not feeling jittery at all. I'll be keeping the device on and I'll be taking advantage of any bargains.

I'm simply trying to prompt the discussion because I think it's something all shareholders should be considering. That includes those who believe there has been no change to the story.

Think you're about right there Addicknt.

That may be the case Smickster, and if so, what do those opinions say about SolGold?

We're sub £400m now, so maybe we should read into the inactivity?

Redknight1

To play devil's advocate, would you not be looking for some of the parties you have mentioned, particularly the likes of Norges, Blackrock and maybe even Tenstar, to start accruing on the open market at what we consider to be suppressed prices?

As PIs we top up when the price is at the bottom of that value valley Mather spoke of a few years ago. Should we not expect the same of those parties who want to be a part of the future of Cascabel and the company.

To use Norges as an example, they bought plenty in the 25-35 region based on their notifications to the company. Why wouldn't they load up at 16-20 if they think the story hasn't changed?

That's the question really. For a company who has what we have, where is the support from actual wealthy shareholders? The price has barely bounced at all in the last few weeks which suggests sellers have control, and all the parties you mention are just happy to sit on the hands.

This should be the time they are buying aggressively.

Addicknt - i hear you but believe me when i say that plenty of pens will meet paper in the Labour box come the next election. Time for hovering has gone.

I personally wouldn't like Mather back and you'll remember just how much i backed him. His modus operandi has to be DGR, bringing all their prospects to market. He's in a decent spot as a NED and i suspect those voting him out of that role this year will be attacking him personally, under the guise that he's still calling the shots. He's not IMO.

SolGold needs to move on and look forward, just like the tory government needs to from Johnson. If he gets anywhere back near the head of their party ever again it will show once more what an absolute shambles they are.

Patrol - you're absolutely right. I remember recent history and it isn't the version Fortissimo has rewritten.

Plenty on here were happy for a Mather to be turfed out of CEO because he wasn't pandering to BHP and selling the company to the first bidder.

Mather isn't on the board "because PIs wanted him there". He's on the board because he is directly and indirectly interested in c.16% of the company's stock, and is therefore representing himself and the entities he has office of.

But now, and only now, is Mather our last defender and protector.

It's funny how views can change.

We're in a correction of some sort. Mood in the markets is glum for various reasons. News will be sold by more and more investors vs bull market melt ups.

We know the strength of the PFS. We know that they've got some last bits of drilling to report on and we know there's been plenty of mineralised extensions that should lead us to a resource upgrade.

The path to construction and production at Ewoyaa is there in front of us. There's more walking to do and some won't fancy it but that's the choice we all have.

I think that's a fair question Medar.i suppose you could argue we've done that with Norges.

Maybe we should be leveraging their recent purchases. Try and bring them closer to a 10% shareholding, and then maybe 13.5%.

So, tying in recent chat and bringing it back to SolGold, what do we think about the coming weeks and months.

The effect on yesterday's mini-budget on the GBP is clear to see already, with significant weakening against the USD set to continue.

The winning move from an investment point of view was probably to flee from UK PLC and that has to be a worry for SolGold, particularly a SolGold that is going to need financing within a matter of weeks.

I'd really be squirming right now if I was Darryl or senior management. They made a poor call earlier this year but the UK Govt's policy shift has proved a kick in the nether regions at just the wrong time.

And let's be honest, this notion that tax cuts will lead to more investment is a reach. It just leads to the wealthy retaining their capital. The first thought on many business leader's minds yesterday as Kwasi made the announcement would not have been "where can I reinvest" but "what will my adjusted margins be".

Sorting the finance that extends the runway into next summer and maybe 2H has to now be an urgent priority. Offers for Cascabel are nice if they're on the table but if they're not then we need to go out and sort something else, sharpish.

That was in response to BoG.

I'm well aware and in fairness I'm on record note than once saying that it's unnecessary.

For what it's worth, whilst your political standing is clearly towards one end of the spectrum, I do think there's merit in some of your points. At the end of the day, we all know the factors that can help form ones political beliefs and they probably explain where we differ.

Jezzoo - it doesn't help when neither can refrain from the insults.

I see I made BoGs list of idiots because I've apparently tried to cancel him. Ridiculous.

Have an opinion. Be passionate about it, but why do we have to endure the deranged attacks?

Spot on Sharket Mare.

Novice - why do you feel the need to cite Ukraine particularly as a reason for increased copper demand?

It's very much a global problem and that won't go away for some time.

However, we're going to need to leverage £3bn from a number of parties to get this zero carbon mine built.

I'm surprised none of our resident bulls have discussed that (the mine plan) in more detail rather than reiterating their beliefs. There's enough to talk about but instead the aim seems to be to shoot down anyone that might be worried about events.

Try honesty Novice.

Nobody is trying to steal anything here. We're all in the same boat and it has some gaping holes in it!