Member Info for Bozi

Fortissimo - it is you who is behind the curve.

The critical difference is that Nick was in charge when the Franco financing was done. Now we're led by the "friend of BHP" Cazzubbo.

There's less than zero chance of a streaming deal with Boliden. And that's probably now a bad outcome.

Kat2008 is probably not the best a million miles away from the truth. This could well be an opportunity for a major shareholder to consolidate and strike.

As I said yesterday - 40-50p. Msthersfinger - forget your £1.70 mate. Not a hope of half that.

I'm aware of their history, thanks Mathers. Whilst they've been involved in some poor outcomes it hasn't crippled their business.

How do you see things playing out from here?

That is quite possibly the missing link Orthern.

Quady, you can't be sure that NM, DGR, NCM and lots of PIs would say no.

You would hope they would say no but it's no sure thing.

Clearly there's going to be a correlation with price and acceptance but we have no idea where that will lie.

The proof will be in the pudding in the coming weeks and months I suppose.

Quady - what have Citi done for their (not insignificant) advisory fees?

Whatever it is, I'm not sure it includes our directors and significant shareholders referencing corporate activity to the rest of the market...

Franco Nevada are a non-entity until the mine is built and resources are being lifted and sold.

Lets see what happens.

Mathersfinger

BHP appear to be the frontrunners at this moment in time. They're much stronger financially than NCM who frankly, I have never regarded as a serious suitor but rather a strategic investor.

I'm not dropping my hat on 40p - just flagging that it's a 50% premium from here and therefore probably ballpark should anything materialise at a corporate level.

I don't think NCM would be particularly enamoured with a 40-50p offer but they don't hold enough stock to block it on their own. It will depend to an extent on whether they can garner support from other significant shareholders.

It's all well and good saying "this won't go for peanuts". In the days where the company was keen to fight off any advances and force any suitors to go hostile you may have been right. However, the tone and messaging is changing and with that comes the prospect that hostile suitors can become friendly, particularly when you take our dwindling treasury into account.

I'm not worn down at all. I'm reacting to what I'm seeing.

I'm concerned at the way the seas have calmed I must admit. I am sensing a change from within the company (away from the comings and goings) and suspect we're going to see more on this 'evolving strategy' soon.

To all intents and purposes it appears to me that SOLG are building an Ecudorean entity that can now be bolted on to a more capitalised firm. This is the only reasoning I have for the ins and outs in recent weeks. Finance and technical are being rationalised somewhat.

The question for us is what assets will be packaged up into this entity. Will it just be Cascabel or will it be more?

With Nick's comments, Darryl's connections, etc I'm leaning towards the latter.

As we know, certain shareholders have strategically ensured that Nick Mather's control and influence has slowly been eroded. From CEO to NED and soon likely to be removed from the board of directors all together. His direct and indirect interest meanwhile has been gradually reducing with each capital raise.

I know some have taken his recent comments at Noosa to be bullish. I think there's a defeatist slant on them unfortunately. He has fought and strained with every sinue but the sharks are circling.

I suspect what remains to be decided are the terms. The market is trying to tell us something here I feel. A 50% premium puts us at 40p and the favourite in the race knows that a clear run means they won't have to pay any more. SolGold isn't a Noront unfortunately and there's a significant risk with bidding up a rival for something the size of SolGold.

We're soon to be in white knight territory I reckon. Will one turn up to give us the return us long term holders deserve? I sincerely hope so.

Ingo doesn't finish at SolGold for another 6 weeks.

Thanks F79. I'd like to extend the same for my part.

Hopefully a good period upcoming for KAV. We have huge and diverse acreage and we've definitely been overly sold off in recent weeks. £8m represents great value for the two KSZ targets and the KCB prospect with Ditau still having the potential to throw something up.

Some neck on you F79 to label me abrupt and rude. The sheer arrogance oozing through in your last post.

I do t have a problem with dilution per se but I worry about it slightly more when each raise is at a lower price than the previous and there's half a billion warrants outstanding.

So should you if you hold this stock and have any idea how the market works.

The EMP is critical. You can't initiate a drill campaign without it. Yes I'd missed or forgot about a piece of news last October that confirmed it was in place and you took every opportunity to patronise me about it.

It isn't for you to say what debate is pointless. We're all individials contributing to the chat around this stock. You haven't actually debated very much. You've put words into my mouth, completely ignored the pertinent points that I've put to you and then cast aspersions about whether I hold stock.

For what it's worth I'm positive about Kavango, very much so at this price level. I simply offered some points to one of Keith's posts this morning that you didn't approve of and you jumped on me for it. Well, I won't stand for it.

F79-you used the word hidden to imply that's what I was getting at.

F79 - there is nothing technically incorrect about my choice of wording. The news item was tied (or included or any other word you want to use) into a larger update including an operational update. Use of the word 'hidden' implies it was included without reference to try and push it into the public domain without drawing any attention to it. Not what I said at all.

I don't see how I'm being unfair at all. When you're awarded an EMP with a short fixed timescale like 2 years the objective has to be to get drill ready ASAP, not 10 months later continuing mapping, surveying, sampling, all whilst letting wild conceptual reports off into the market on other projects.

I feel in receipt of enough information to make a sensible decision and I'm sure many other shareholders agree with me.

A question for you F79 which I wouldn't blame you for not answering. What happens for you personally if the company does another raise, with warrants for what I'm sure will be called an "extended KCB campaign" and then after waiting so long the KCB doesn't deliver what the soil anomalies are suggestive of?

We're going to be scratching around back at the KSZ for TGRS and potentially the IOCG target to come up trumps. Hail Mary territory.

All the while we have First Equity clients in at 3p from earlier this year.

I can't really be any clearer than that. ATB.

F79 - I don't believe I used the word 'hidden'.

I mean no ill feeling towards anyone and continue to hold KAV. However I have to voice my disagreement with the strategy. My concern, if you'll allow me to put it bluntly, is that we're jumping between projects, raising cash to drill (as you'd expect), chucking in some warrants, doing scrip related deals, again with warrants. The upshot of this is that we have a subdued share price, a victim in my view of the market getting tired with the story and being risk off in general. This leaves us with a warrant bank well out of the money and the prospect of having to dilute more significantly should we not recover before next funds are needed. That warrant bank then becomes a drain should something develop that is truly exciting and transformational.

I also don't believe we're currently drilling are we? We were drilling Ditau but we've now completed the 4 holes with a final drill report with the next recommended steps to be confirmed (Kanye operational update).

I do agree however that there's plenty going on and £8m represents fantastic value for a company that is methodically exploring some vast prospective project areas.

OK F79 - so the EMP award was tied into an operational update from last October.

As you say a year has now passed (let's say 10 months).

So we have 14 months left.

We really need to mobilise a drill up there and get a campaign started ASAP.

Fukurokuju79

Please can you source being in receipt of the EMP for all the KCB projects? We did some early exploration last year and then stepped back towards the KSZ whilst the EMPs were submitted.

Admittedly I don't catch all of the company interviews as there are so many but I keep abreast of the main ones.

Also, you say we're drilling now. Where are we drilling? We were drilling Ditau. We're not drilling the KCB which is where we should be drilling. That's my whole point.

I'm sorry you find my posts abrupt and rude. I will always try and be to the point. You're the only one to have passed that feedback here so I can't and won't really apologise for being strong in my views.

Keith, I don't necessarily disagree although I would consider Mindea and Spectral to be signed up to services for equity contracts rather than a partnership at project level. This seems to be what we're doing.

Aside from that I would like us to concentrate on KCB. That should be bread and butter. There are other companies in the region and we appear to have compelling cu/ag soil anomalies.

I take your other points on board but do suspect that anyone reading that report on the KSZ this morning is less convinced than before on that project. Let's see what else comes of it.

Keith - I don't see how Mindea and Spectral are viable partners. They are specialist companies that provide specific services.

By all means get them signed up to a commercial deal that betters the standard terms for drilling contracts and data analysis but a partner for me has to be another resource company and particularly one with a producing asset that is profitable.

Otherwise we end up with another POW situation where we're carving up assets in dodgy deals only to repurchase our stake a couple of years later.

The KSZ needs a mid tier producer that can deploy £5-10m across the KSZ concurrently to either validate or dispel KAVs findings to date.

The thing is, that report says to me that the IOCG target is barely worth pursuing.

Huge Capex is required. Over double the amount required by SolGold for their tier 1 copper porphyry deposit in Ecuador.

I've been banging this drum for over 12 months now but we must secure the KCB EMP and drill our most advanced targets there.

It's all well and good the company providing valuations and conceptual reports but the market is not impressed. It doesn't appreciate the attempt at being fluffed.

Move over to the project with the lowest technical risk. Hopefully deliver a significant discovery. Build the company on that asset.

It really is as simple as that.

Not much to disagree on there KoaGeorge.

We're just in that stage where OBD needs to push their EpiSwitch test onto private health care providers in the UK and US.

There's a lot of room for the SP to get a lot of traction very quickly and you'd think that providers are going to be keen to make the cost savings (associated with ineffective treatments) the test can provide.

No advice but we definitely appear to be in that price area where we can hopefully see new investors come in and the downtrend consigned to history.

Good luck.

DaKat - why are you repeatedly asking about drill results?

SolGold haven't drilled a regional since January and are carrying out infill and petrological activities at Tandyama and Alpala.

SolGold have been transparent about this.