Member Info for Bozi

It pains me to say this but with every passing week SolGold is looking more like Sirius Minerals less like Noront Resources.

We all have to retain hope that there won't be a disastrous outcome for us but at the same time acknowledge that one is very much at the table. What happens will depend on the performance of our management from here.

We're goimg to be very low on funds come Nov/Dec amidst a very important vote. I've seen nothing to suggest that significant vote-carrying shareholders won't vote tactically and in the meantime we have to hope that the enhanced PFS and Porvenir PEA can give us a higher valuation base from which to work from.

I'm not sure looking much further ahead is wise but should we get past the AGM relatively unscathed then focus turns to the DFS and construction fundraise. We're going to need Ayten to work her magic with the Franco's, Boliden's of the industry whilst getting back on the regional exploration trail in the meantime.

That's quite ridiculous Mathers. It certainly wins the day and possibly the week.

I don't control anyone's account or their ability to think and post.

Just because I don't subscribe to your view right now doesn't mean mine is the only opinion that matters.

Mathers - if you only want to read happy clapping then go find yourself an echo chamber.

How is that for a book?

Atb

There's absolutely no issue in Lisa and Ingo alerting the LinkedIn community to the end of their employment with SolGold. That's the whole point of the website and companies are happy to use it, but both for themselves and their employees, in a professional medium.

I'm a bit disappointed to see 40 posts today basically consisting of bickering because someone has the audacity to post, what is perceived to be negatively.

I don't think Addicknt posts negatively. I think his thoughts are always realistic and usually constructive. He asks questions that every shareholder should ask of their company's management.

I certainly wouldn't regard communication as excellent. Slightly better this year in the sense that they guided and met that guidance on the Cascabel PFS. Let's hope it continues. However, they are building from a lowish base.

Be careful not to confuse excellent communication for regular, fluffy, nothing RNS. They do nothing for our longer term prospects as it's absolutely right that management concentrate on running the company and not managing the share price for impatient traders.

Mathers - 12:47 post is wildly inaccurate.

What will dictate anyone's return on investment is market demand for the stock outstripping supply by such a factor that the price has to increase to a level the individual finds acceptable.

This is just the early birds playing with the volatility.

The direction of travel of the SP over the coming weeks will be decided by how much traction the Co has gathered and how this translates financially.

The market does seem to be slowly cottoning on to the angle OBD is coming from here.

Even in this market it's hard to justify being a sub £20m mcap in my opinion, particularly when you consider the introduction of the Episwitch test in the US and UK and also the payors code over the pond coming into effect 1 October.

This test and technology isn't some whim in my view. It's desperately needed to help sufferors tailor their treatment to best combat various types of the rotten disease we know as Cancer.

Fortissimo - now we're talking. ;-)

How enticing is that carrot though Smickster?

"Here's a carrot, we've got a tier one but we're dragging it along and might have an investment decision come 2024. We're out of funds in 3-6 months time and the market is as tight as right now.

I agree with you that the majors aren't invincible but I do think we need to give them a little more credit than we are.

Yes Addicknt I agree.

But that has to be a better option than JV'ing say La Hueca, unless of course someone wanted to pay us a wad of cash for the right to explore it together, which I find unlikely.

Fortissimo-you'd hope that JV'ing with Barrick on 10 licence blocks would stick a rocket under the share price....

But how did the GGP price react when they did a fresh JV with Newcrest on Juri?

I don't really see the benefit of flogging undrilled licence areas to majors. We'd be giving away the biggest future upside for next to nothing and bringing any longer term ceiling in on ourselves.
We need to be strategic and sensible about this. For example, Porvenir should be considered for marketing to anyone else in the region who may be close to producing to potentially share the same infrastructure. Helipuerto should be drilled ASAP with a view to a mega tie up with Solaris. Etc.

What good purpose does it serve Smickster?

If that's the argument Lunch Money, which I appreciate it may be, then the company shouldn't put out slides in presentations saying that discovery is the key value driver, or words to that effect.

We'll see what materialises on the various fronts but now is certainly the time to take the bull by the horn and not be scratching around like a sitting duck.

Fortissimo - you're right in saying we're in the early stages of development now and shouldn't worry about spot prices but look at tne market around you. Earnings are impacted by spot prices now. Finance terms are impacted by spot prices now vs project economics (amongst other things) and not what we think copper prices will be in the years of maximum throughput. That's how it is.

I didn't expect Ingo to stay personally as the role redundancy was evident but I'm at a loss to explain why Lisa Park has also left. That's the source of my concern there.

I don't know why the raise failed. The market doesn't seem to care much either. It's just bothered that it has. That's not specific to SolGold. It's a generic reaction I've seen many times before and it stems from the uncertainty of the funding, rightly or wrongly.

I can't help but feel we need funds ASAP. If you diced up the projects tomorrow you've got Cascabel that carries immense value and Porvenir that is it's baby brother. Aside from that what do you attribute to the rest? If we were able to verify the belief that Warintza extends into our ground at Helipuerto then value gets created once again.

Please SOLG. Get onto the front foot and off the ropes. Thats all i ask.

In fact Fortissimo, I find your last replay out of hand. When have you ever, either in this reincarnation or during your time as the revered Colonel Drake, EVER acknowledged a negative of SolGold?

The positives are glaring and are known to those who know and keep up with the story. We have a super looking asset in North Ecuador, the no 1 ranked undeveloped copper asset in the world according to Cambrian.

We have another growing discovery to the south that has really good prospects and is not yet the finished article.

We have another 12 or so regional projects that could be absolutely anything. 12 shots where the dream is alive all over again.

We have the world's biggest miner by market cap and one of the world's best block Cave specialists on our share register, along with some good other institutional support.

We've recently built an experienced board of directors and senior management team that have the experience we should need to progress our assets further.

The macro for the commodities we have are expected to strengthen in the medium term as we venture towards copper deficit and start to see gold produce level out. Discoveries like are in in high demand.

Those are the positives, but do they tell the whole story? Do they?

That's simply not true Fortissimo. The following has changed in no particular order:

1. Copper prices have softened significantly and may come under further pressure if we see a global recession
2. The recent failed fundraising exercise sees an increased level of financing risk for the time being when frankly we can do without it, especially if we're on the cusp of a change of control as many believe.
3. We are seeing hypothetical timeframes far into the future being pushed back by the company
4. Our Interim Head of Corporate Finance and Metallurgy Manager has left the business under a cloud with no explanation to shareholders.
5. The decision not to raise funds around the release of the PFS and the subsequent failure to raise them now impacts SOLG heavily in its ability to execute its exploration blueprint throughout Ecuador at a crucial time when management needs to be adding value to the company.

Please, tell me which you disagree with.

If SolGold manages to raise sufficient finance for the next 12 months on reasonable terms I will of course re-evaluate and will, I'm sure, be more bullish about the stock.

Until then...

Quite, SharketMare.

Perish the frigging thought.

*is not based on whether the company is getting taken or over or not.

Nothing in particular Fortissimo. I'm pretty sure when they buy or sell any SOLG stock or open/close any instruments that their whole rationale is based on whether the stock. Is getting taken over or not.

If they're increasing its because some of their fund managers think we're cheap relative to the market and the business meets their fund objectives.

They don't get it right all the time though, so I don't base my decisions on Blackrock's moves.

I'll never pick you up on verifiable facts Fortissimo.

Unsubstantiated ramps however... ;-)