Member Info for Bozi

Yeah - they are saying that you're weird and infantile for wanting to argue with everyone.

I'll add on that you're frequent arrogant pontificating under multiple aliases has long grown boring and to anyone that values your contributions, well they need to extricate their head from the sand, or your rear.

Hope that helps.

Redknight - I'm not sure your logical conclusion is as logical as you believe it to be.

I'm not overly concerned by what fair value is right now.

My investment case is what fair value will be in 1/2/3/5 years time. 28p or £800m will not be a fair value then, so that makes it a buy now and I've acted accordingly this week.

You need to realise that not everybody is looking for cheapness now and situations of short term high demand to offload into. That may be you but it isn't me.

I don't have a target price. I'll know when it is right to sell and if the story changes fundamentally I will of course need to reassess, as all investors should.

Your offer prognosis may well turn out to be right. It's part of my overall thinking. It simply has to be. Assuming a construction and production route only isn't taking account of all possibilities and misjudges the potential risks with an investment.

I haven't given any consideration as to when I sell in terms of price points. It depends on my interpretation of the price vs the story at any given moment in time. I can't tell you when that will come about. It may be on Monday or it may be in 2 years.

On the whole I think you have misread me whilst taking up your defence. I'm not trading to personal parameters. I buy what I feel are promising stories across the exploration to production spectrum.

On Noront, they were not well known story prior to their takeover action, so their share price was entitled to be suppressed. They were highly illiquid and not really on any radars whatsoever, hence the widespread surprise.

SolGold however have and continue to be one of the best known development stories of the last decade. Traded on two exchanges with a global presence given the Australian domicility, South American assets and London stock market listing.

Redknight - yes, yes I do.

I plan on holding as long as is necessary.

That is the difference between me (and some others) and you (and plenty of others).

I am looking ahead based on a market valuation upon a construction scenario and you are looking ahead with a buy-out scenario, hence your comment earlier that you "confidently predict the first offer by the end of May".

Be honest RedKnight, what does 28p say to you about what the market thinks? To me it says,

'SolGold are low on cash and will need an injection in the short to medium term to keep boots on the ground on their fantastic portfolio of projects. The PFS showed some robust figures on quite a conservative plan and proved Alpala to be a top developing asset, with further value still to be added. Operations in the regional portfolio have been wound down until further notice which pushes future catalysts into H2'.

If that commentary doesn't point to 28p then I don't know what does.

LunchMoney- I agree with your point of view.

Redknight - you raise some fair points but with all respect you are applying a forward valuation based on economics that we hope will apply in 7 years time.

The market doesn't work like that. If it did, the share price would be the levels you quote right now.

To say the market doesn't care how this is funded is just plain wrong. Funding is the be all and end all for any resource company. Read across any company at pre production and pre construction stage. It's all about the funding and chiefly the debt/equity mix and also the cost of capital.

If the market really valued the takeover prospects of this company short term the share price wouldn't be down 30% in the last 14 days. It wouldn't be 28p. It simply wouldn't be where it is.

It would be 50p, 60p and even 70p in anticipation of bids closer to 100p.

RedKnight - Priy Jayasuriya left all of the companies in the DGR stable that he held a position with.

No official reason was given, as they rarely are in these cases, but given the read across it's not hard to assume a breakdown in relations, for whatever reason.

What does it matter what Warren Irwin thinks of some SolGold investors?

What a strange strange comment to make. He's hardly God is he. He's just a fund manager for heaven's sake.

The fact of the matter is that investors can get on amicably enough, albeit with disagreements, where the certain disruptors are not inciting hate or attacking investors.

As for those who resent the arguments that go on, rest assured that nobody likes them but the alternative is that these characters run amok aiming potshots at all and sundry. You can either do something about it by fighting it and reporting it or you can turn the other cheek and let it fester.

At the end of the day we have investor groups on other media that can be and are policed in terms of new people joining and behaving respectfully. Fawzi should look at those as being more representative of SolGold investors and not this open forum.

And a pair of wellies...

Well done SOLG. Looks from a skim read to be a very solid outcome. Happy enough with that.

Addicknt - I must admit to having not seen much misuse of the word 'pleased' by companies approaching £1bn in market cap.

Yes you see it from time to time in the murky depths of AIM.

As I say, I'm not ruling out the market feeling underwhelmed with the study outcome, but I genuinely believe the company is pleased with it and now able to take the next steps. Darryl doesn't strike me as a bullshiner from what we've seen of him but there's always the potential for investors to be expectant of more.

The presentation will be valuable to go along with the numbers. That desire to communicate and explain is positive.

Yes and no.

About an hour or so away from you I'd say.

*think we lose sign of this when we're counting our cash and shiny new BHP shares.

Addicknt - do you know exactly what is causing your apprehension specifically?

I think the company is saying it is pleased because it is pleased. This has been a long time coming with a couple of pushbacks as we know. We know that the company has rationalised it's initial large scale underground plan that was overly aggressive and too optimistic.

What we could quite possibly see tomorrow is a very sensible plan that contains lower numbers and doesn't have the same wow factor but something the company is much more confident delivering, which after all is the main thing. Sometimes I thinkn

Agree Copperpot. Market remembers the GGP debacle and won't fancy getting caught pants down again, so plenty of risk averse PIs will derisk and buy back later in the week, probably led by those who sold back end of last week.

It's about being able to second guess the flows of cash in and out.

I know very well what it is BCB.

There's a wider point that I'm alluding to, which is that I wish KAV would be consistent. If they're going to drop phrases like that in then don't draft the rest of the RNS like we're going to do a science experiment and anything other than the hole falling in or losing the drill string is a success.

We know investors see it very much as either a strike or a duster (for want of a better term). Why try and bluff the market?

Just say we're looking for carbonatite structures that contain economic amounts of REEs.

It's a nice day here. It's another day we're all alive and KAV have exploration leads, so I'm not complaining too much.

I wish KAV would make a decision on it's use of language and direction.

In one breath they're trying to make exploration at Ditau sound scientific, as they have with KSZ (let's face it - we're looking for economic rare earth deposits) and in another Ben is quoted referring to the truth detector.

Come on KAV - let's decide what we are. Are we geologists carrying out experiments or are we are junior resource explorer.

I'm not sure it does LM.

It's a nice endorsement of course but it doesn't alter the fundamentals of the company (I'm not saying it) or the general macro state.

I'm not sure those potentially interested in acquiring us are avid readers of the RFC Ambrian research. Besides, anyone can register an offer for the company but it's shareholders that ultimately decide. Why decide to sell when the supply deficit for copper is only expected to worsen?

Absolutely J.Maria_Ibarra. Please continue.

Too much sense, as per, Rcgl2

J.Maria_Ibarra

Welcome, but you'll soon realise you are wasting your time with many posters on this Bb, who are eager to sell now despite not suggesting any better places where we can park our money.

Copper deficit impending and due to grow year on year.
One of the largest projects in the world that hasn't been developed and ranked #1 by RFC Ambrian in their guide to possible takeover targets.

Yet the narrative is sell and sell now.

Quite unbelievable really. It's like there's no dilution anywhere else apart from SolGold...