Member Info for Bozi

Eish - when the company secures finance.

As things stand we're edging towards insolvency and a breakthrough is needed in the apparent stalemate between our major shareholders.

Come on SOLG. Get it done.

Mathers - who has instructed SolGold to reduce their mine life?

You can't very well start casting aspersions like that on the one hand and then on the other say that you're only going to listen to SolGold and not associated media or another entity releasing statements via official channels (BSC).

The mine life is reduced in my view because this is just the first phase PFS using only 21% of the resource. The full project inclusive of expansion will extend longer than the 26 years. I'm pretty sure of that...

Sorry, I should say that the actual life of mine figure is $14.4bn. That's circa $550m per year based on current exchange rates.

Jezzoo-can't agree whatsoever.

All this wrangling we're watching before us is for good reason.

An economic base case at a measly $3.60p/lb of copper shows that over a 26 year mine life, Cascabel will, on average, yield $550m of post tax free cash flow.

That's almost half a billion pounds a year.

SOLG could issue another 1.7bn shares for arguments sake to cover ongoing G&A, exploration and Alpala build equity and end up with a 4bn share capital.

Now start looking at your P/E and how that free cash flow explodes at copper prices of $4+.

Even with 4bn shares in issue a share price of 10x higher than where we are now is supported.

The risk, as we know, is getting to the final destination in one piece. That is why BHP and others will go to the effort to wrestle this off SOLG for a relative dime.

Some people are unwilling to consider and acknowledge that an attempted fundraise failed/was aborted because the company hasn't explicitly confirmed it.

Now, when you take into account the notion that the company would be extremely hard pushed to make such a statement to the public markets, we therefore find ourselves at the impasse we're at, or tit-for-tattle, whatever it may be.

The fact remains. $25m as at 30 June. Presumably less than $20m today.

Tick tock SolGold. Every day you waste is unnecessary dilution for existing shareholders as markets start to slide with more aggression.

Fort - SOLG aren't FTSE listed.

We're main market but in the event we grew organically to make one of the indexes we still wouldn't be added as we don't have a premium listing.

You've just got to run an analysis of Atlantic's peers to realise that ASX is a superior market for mining stocks on every metric. Demand, volatility, valuation, etc.

There won't necessarily be opportunities for arbitrage because switching markets isn't straightforward. But what the list should do, assuming the company is well received and those investors who don't have access or incliment to trade in London see the valuation gap, is result in the London pice being dragged back to the region it was in back in Q1.

That's before we talk about the fundamental developments we have in the pipe. The PFS, the resource upgrade, the DFS and investment decision, etc.

We're not that company any more Monte.

Investors voted to banish that company in Dec 2020.

The years of lapping up Mather's one liners were no more. Things got boring.

Why is that Novice?

Is the company going to disappear off the face of the earth overnight?

*Decepticons

Damn spell check ruining the joke.

Beats the Deceptions having rule of the roost eh Bubble.

Jezzoo - just on your final point - not quite where I was going with it. We all need to scratch when there's an itch but to use the term as a general degradation of a group of people who are doing their utmost to make a living to support their families and communities is simply not on in my book.

The company has decided we need this number of employees and as investors we should respect that and respect them.

DBW

I don't disagree with you. I believe Quady to be on the wrong side of the debate regarding the aborted fundraise amongst a couple of other things and would agree that the lines you have quoted are unnecessarily aggressive. I've passed comment on this before albeit a little while ago now.

We're all responsible for maintaining civility on this board and we should all do our bit.

Jezzoo - sorry can't agree there.

The poster in question is quick to make reference to "800 Ecuadorian bumscratchers". That's without any goading or provocation from Quady.
That behaviour in itself is disgusting and not to be tolerated.

I also gather he's had a go at others including myself of late - anyone he doesn't agree with.

If he wants to discuss the SOLG story then he could share the (likes of) pertinent stuff that DBW has this morning, but with zero discrimination of fellow posters or employees of the company.

Jezzoo - the individual in question is more than welcome to contribute to the discussion but when they are creating profiles named 'AxeWound' and every post is laced with abuse about other posters then they get censored.

They have nobody else to blame but themselves. It's not Quady's fault and it's not the fault of the admin.

They could create an account, post about the order book, trades, research etc but they don't.

So please don't blame other posters for their repeated erasure.

I don't disagree Frog and I thank you for your kind words.

Fair enough FTJNY. Don't see it the same but that's fine.

We know that DBW, but there does seem those amongst us that think we mustn't stray from saying good, positive things at all times because otherwise we're '****ing on our own doorstep' or harming our investments.

You either get accused of being a moaner or a whinger like Addicknt was the other week or you get accused of not being a shareholder.

Your view of where this goes next may well be right. The AGM is certainly set to be transformational for SolGold at a corporate level.

I don't think I'd be quite as surprised as you if we're still here in January. I believe BHP will want to put on a show at the AGM rather than 'agree out of court' beforehand. But, I say that without knowing if anyone else is involved or waiting on the sidelines.

We've got some interesting weeks upcoming that's for sure.

FTJNY

Whilst i echo the sentiments of your first paragraph, I'm sorry, but the second is a naive viewpoint, to put it mildly. The notion that you can only be positive about a company because you're invested in it is the skewed thinking of an ultimately unsuccessful investor. Why? Because it breeds a desire for continuous positive re-enforcement and thst will ultimately take your eye off the ball as far as the risks are concerned.

Why should i and others worry about saying what we feel? Are you worried it will stop people buying the stock and therefore giving a greater chance of improving the value of your investment? If so that's quite an insular and deceitful way of thinking.

Nobody should fear about having to toe the party line, particularly not to please others and preserve sentiment on an internet bulletin board. Moreso, fancy contributing here without being able to say what you really think...nah.

You should probably engage your brain on how daft your opinion is FTJNY.

Fort - looks like you're still flustered after the other day...

I really wish you'd stop being so disingenuous all the time. I'm not saying there's no good reasons to buy SolGold at all. After all, I hold shares and I discuss the company.

My viewpoint, which I don't want to labour much more on, is that I have concerns about the company right here right now and would have reservations about buying stock right now.

That doesn't mean that it can't change in a week or a fortnight or a day even. I'm reacting after all to what I see, read and hear.

And a few off the record comments by Mather doesn't change anything. Someone like DBW will know exactly why that is...