Member Info for Bozi

Quady - so where do you see the copper price bottoming out?

Also, when do you think this could happen? A year or two from now?

We certainly don't want it in 2025 is it'll harm the economics behind our first production from Alpala?

Quady - they did but with copper recently sinking to a low of $3.5 p/lb the argument can clearly be made that assets might not get a lot cheaper. It all depends on the extent of the impending global recession and how quickly inflation is brought back under control

As Nick also pointed out there is clear scope for SOLG to better the PFS outcomes and push the IRR well into the 20%s. BHP and others will be well aware of this too.

It's entirely possible that the discount BHP were looking for is now. Might we see copper reach for a new low at $3 p/lb? Anyone would be taking a chance waiting for asset values to be suppressed more than that.

There's also an impact medium term to the copper demand story as all those marginal projects become loss making.

There's a sweet spot as I see it and we're close.

Sorry Quady. I think we have to react to what is now taking place in front of us. I've been in your corner up until the last month or so regarding a takeover and I now believe that a fundamental shift is taking place.

For another listed company to brazenly signpost their investors to a corporate action is very uncommon and as Addicknt says, they're not going to say "look out for the fundraise for the next 12 months funds".

I think our days are now numbered. I'll speculate that we'll have seen something by the end of Q3.

Or the purchase of your company by another company.

Essentially, any transaction or event that impacts the corporate level of the business is a corporate action.

Come on Quady. There's no need to obfuscate in such a way.

Agree Addicknt.

You could say where is the precedent for him flagging up a cash raise in such a way? There isn't one.

It's looking to me that this macro environment is going to tempt a suitor from the shadows. Unfortunately it does weaken our hand, as does our dwindling cash pile but let's see what is pulled together.

I can't understand why Piedmont would be selling myself. They shouldn't be short of cash given the raise they carried out a little earlier this year and they are cornerstoning ALL and Ewoyaa.

Also, don't forget that their stock averages out at c. 21p. Are they really going to sell for 50% when they were holding a couple of bags (63p) just a few weeks ago.

Selling now and buying back carries huge risk IMO. What do you stand to make? 10-15% maximum?

If anything selling volume should be easing off and buyers will be looking for positions for the PFS and other potential news items. I'm sure Piedmont know this.

Novice - not looking for an argument but this BB is dead because you killed it. You went to another board, trolling posters and boiling urine to such a temperature that some of those investors sought retribution here.

You had a sizeable hand in this. You could have just debated the merits of SolGold but you chose otherwise.

Own your choices. Don't blame others regardless of whether they are equally to blame.

You chose a good company to invest in but never rub the nose of those less fortunate in their own excrement. It's not cricket.

Good luck.

I'm not saying you have to agree with everyone Quady, but if you take other's points on board a little bit more, particularly where they show they know what they're talking about, then this place becomes a better place. Once we start calling each other names then people get offended. Sounds obvious I know...

Some might think I'm being a bit hypocritical when I say that as I've rubbed shoulders with a few in the past. However, I'd like to think I've softened in recent weeks and have taken certain other views on board more than ever.

We all want the same thing here and I have championed you more than anyone for your steadfast belief that SolGold will build Alpala. Whatever happens in the future you deserve credit for that, but at the same time I do think just being receptive to information you can fact check yourself will only help you.

Quady - I can tell you for a fact that after conversing directly with SharketMare away from here for some time, he is one of the most knowledgeable and well-meaning contributors to this board that you're going to find. So, please stop calling everyone you don't agree with thick or useless.

The issue with your argument is that there was much more nuance to it than you were giving it credit for. BHP themselves score quite respectably as far as the various benchmarks for ESG credentials go. That doesn't mean they don't have anything to gain by leveraging the social and environmental capital that SolGold has accrued in country.

People sometimes like to joke about the fish farms, the trees, the bakery and any little initiative that the company publicises. But they too lose track of the fact that we're investigating for minerals in a country fighting for it's financial life after decades of struggle.

SolGold haven't done things perfectly since day 1, but they have done a lot of things right. Where we haven't quite hit the mark, or authorities want something doing differently or to a higher standard, the company has clearly taken it away and worked on it.

All of this in the background is why it's important to not just look at commodity themes, the corporate backdrop or drill results. There's so, so much more going on at a company like this day to day and it's not just a case of setting our clocks for a value generating transaction, as nice as one of those would be.

Agree Addicknt. I remember the comment from Mather and whilst I think he was talking in general, the scenario he was keen to avoid has now come to fruition.

The way I'm looking at it is that if someone doesn't move now, when do they? We won't appeal if/when copper is $6/7/8 per lb as the spending power of their cash resources is being eaten into during this high inflationary period.

I have to say what I see. The sweet spot is almost here surely? I need to buy more stock.

I don't venture there Jezzoo but you can argue that LSE have the filter. The problem is that with SOLG we have two protagonists and then we've got the other 'character' that keeps getting banned.

There are good groups on other media and in a way I think they'd benefit from the serious amongst us joining them.

But hey it is what it is. We've just got to move past it.

This is the issue with LSE. Bulletin boards can be ruined by those who are so self-obsessed that they have to make it about themselves. My suggestion to all serious SolGold commentators is just to seek out a discussion board on other forms of social media. Those discussion boards are better moderated by other SolGold investors and behaviour like this won't be tolerated.

As for the company, I can't help but feel that there's a window of opportunity now for a potential acquirer. Copper and precious metal prices taking a significant correction and when you consider the medium term trajectory for the metal, its plausible that it will be basing at some point in the relatively near future. Timings exactly will be determined by just how deep a global recession we see and the impact on the copper themes.

For anyone interested in the lot, the time has to be in the next 3-6 months IMO.

In the meantime the company needs to push on relentlessly.

Geoff - when I say Europe I of course mean London. Not sure what came over me.

Sub 30p looks a great opportunity for this burgeoning resource.

No Geoff.

We're still staying listed in Europe. We're also opening in Aus to try and allow more investors to buy shares.

The demand must be there.

Drilling has been suspended at the regionals since January of this year? Any drilling at Alpala is to capture technical data and won't be shared with the market.

Pretty sure the timeline for Porvenir PEA is H2 and Alpala DFS H1 2024.

I understand it Addicknt of course but if we take a step back we can see there have been numerous events where an offer has been anticipated but not received.

Yet people have been quick to tell Quady he is wrong.

I would say he has been right on many occasions but ultimately must be odds on to be wrong. We just don't know when he will be wrong.

Anyway, it's semantics and probably not worth arguing about ha.

Bubble - I'm not in any way saying SolGold won't be taken over and will solely be in production a decade from now. Anything can and likely will happen. I'm just trying to offer a more circumspect viewpoint.

I agree that history where Mather-led companies is concerned would suggest that SolGold may be sold at some stage but it's important to remember that Nick doesn't lead SolGold any more. His involvement is attending board meetings and some committee meetings.

Darryl, Ayten, Ingo and Co have the executive positions now so it's for them to steer the ship. Mather will retain influence with his shareholding and that of DGR.

Trends are there to be bucked. I'm not saying SolGold will be where it happens but as you can see from the interview Pad shared, Nick expects an offer to be significant for it to be approved.

Ball is in BHPs court and yet we know their position.

Addicknt - I don't agree in this context.

I don't think it's fair that someone can come onto this board and post, most days in a matter of fact way, that the takeover is on the way whilst at the time telling someone who has maintained the opposite that they are wrong.

I am asking bubble for his evidence. Quotes from Pad from Nick a couple of years ago are all well and good but don't prove anything. In fact they make it quite clear where Nick stands in terms of the premium he wants.

Bubble - Where's your evidence? You can't make those claims without showing your hand.

Quady has been right to date as far as a takeover is concerned. A bid is yet to be put to shareholders. That may well change at some point, but then and only then can you tell him that he's wrong.

... It just can't be done too aggressively and using the trading book because then the price will start to stretch away.