Member Info for Bozi

There's a lot of chit chat about scalping, swing trading, spikes on news, etc.

It's all a load of bunkum. As is the stuff about DV timing the release of news for effect.

It's clear to see what the market mechanics are here now. We were chronically oversold for a long time in the 5-7p range as market lost faith in the company. DV has steadied the ship somewhat with his Cascabel PEP and pursuing the early ounces strategy from Tandyama.

That has breathed a bit of life into the investment case and recalibrated the SP back to a more realistic level.

Make no mistake however, a £450m valuation offers plenty of upside if the company can get the next stage of the recovery right. That involves the CIPA and ultimately the Cascabel FS incorporating the open pit.

That said, I wouldn't be expecting price spikes on news here. It's going to be steady away if DV can get things lined up over the next 6 months and the current precious metals thematic continues. That will hopefully see SOLG re-establish a base 100% higher again at 30p. If we do then see interest from North America as has long been mooted, then we have our 45p again and our potential for a bidding war down the line.

That's the road map. Forget the traders and their 10%. It's meaningless rhetoric.

My guess is they want to carry out some DD at Viuda Negra (RNS 01/09).

The initial grades were on the lower side even for porphyry gold but they were shallow and the discovery of a big system there could send this a bit crazy.

Mostaza and Cerro Negro look after themselves. Viuda Negro is the elephant in the room.

£1 to ECO?

I sometimes see that sort of comment on this board and I'm not sure I completely understand it anymore than "nearology with that reservoir potentially extending into ECOs block."

Is that the gist of it or is there more besides? I've been a long term holder of ECO but for Orindiuk originally and more recently orange basin, so keen to understand more about the case with Hammerhead.

M&G have sold some. To be expected as they've made a decent gain.

Fund managers have to manage risk, and this appears to be what they're doing.

Also bodes very well given the shares are holding up above the old 120p level.

Let them sell Dibs.

The last RNS was very suggestive so I'm happy to get these cheap. Cheaper the better in fact.

It's sure trading like there's some spicy porphry results in the pipe.

GLA.

Well done Sniffer. Nailing your flag of St George to a mast of an argument that likely can't be 100% verified or refuted

Even if Jiangxi won the battle for SolGold, you'd argue they want to increase their gold exposure. It would render some of your previous predictions inaccurate though, ones that I don't need a python script to retrieve.

Well said NMM. Post of the day.

PBow is one of the top SOLG contributors, here and elsewhere.

His contributions are balanced and intriguing. They delve into the detail far more than others (including my own) and are extremely useful. For example, I wasn't aware of the status of the Saint Cecilia repatriation until PBow's response earlier.

We can all talk about the big share price targets and all that but none of that has any relevance other than to our own personal returns.

This cancelling of anyone who isn't completely positive has to stop.

I think it's fair to say generally speaking that any potential suitors would want us cheap. SolGold holds a top copper gold asset so is of strategic importance.

The strategic review was awful and was behind much of my ire between 2022-2024. I thought it was a really weak move instigated by a section of the shareholder base and my overwhelming suspicion is that had Mather not been around, the review quite possibly would have thrown up a sub-optimally transaction.

I think and hope that headwind has now passed. DV and PS are building back from the ground up because it has become obvious that's the only way to achieve an acceptable outcome.

We're not quite out the woods yet, but at 15p and pretty solid, we need to take another couple of steps forward over the coming weeks with the PEP, Tandy and ExploreCo.

Still sticking to the view that there's a window late in 2026. Whether it happens will be another question, but get Saint Cecilia relocated and the locals looked after, get the DFS out with a Tandy open pit incorporated and I think we'll start to see proper movement.

GLA.

You might well be correct NMM. Let's hope you are.

Thanks for the congrats re EEE but I can't accept them. I felt the story soften so I sold up and completely missed this recent explosion. A few I know kept more conviction though and did OK, which is fantastic.

Unlikely NMM.

Slide decks are probably submitted a week or so in advance. Folks have also made similar comments about news before conferences and it never transpires.

I suspect we'll see it next week at the earliest.

I'm sorry BitcoinBuyer but Ben Turney's pocket is where the money is.

Another raise today. Whilst Ben claims Kavango mining is cash positive (no great achievement with gold at all time highs) , the plc is swimming in new equity.

Just let Purebond sweep the rest up eh. Put everyone out of their misery.

Monte - we tried a "low tax pro growth" policy under the tories and the deficit moved in one direction (clue - not down or sideways).

So, whilst it's easy for you to blame the current government for our malaise, you might want to consider how we ended up in this situation.

The answer - we had a decade and a half of the tories torying and it resulted in large scale pilfering from the public purse. The electorate got wise and said no more.

It's not Labour's fault the electorate can't stomach what needs to happen to try and stem the tide.

*Long State - apologies.

The funding removes the near term financing risk that was starting to impinge on the company. That was evident from the last quarters cash flow analysis.

It's good news if you hold shares and bad news if you want a cheaper entry.

Ratification is the goal, that hasn't changed. This agreement let's First State in at a good price level for the first tranche - it's important that control of treasury is maintained next year as well to ensure Ewoyaa can be pushed on and any further funds placed are at a higher price.

Finding porphry gold is excellent news. Initial grades look fairly typical for that type of deposit.

GSCU now need to find the high grade core that these porphrys usually have. If they can do that then we're off to the races.

What is evident in any event, is this company has a couple of assets on its hands in Mostaza and Viuda. Those assets underpin a sub £20m valuation.

Sometimes a contractor needs cash to pay costs SD. They aren't investors. So I can sort of understand that.

With RK, he had to repay the loan to keep plc solvent. Very unfortunate given what has transpired since.

sparing a thought for rob ****** who was selling shares out a pound lower than here to repay that company loan.

awful timing.

Good to see you a bit happier AS1971.

Calm yourself Damers.

Something could drop on Monday morning and you're going to make a big deal of it being 7hrs past month end?