Member Info for Bozi

How many times can the two companies smooth over their differences, Addicknt?

I'm not convinced this is a relationship we can work at over time. No third chances, etc.

There's been some goading on both sides Monte.

Being in the list of highly probables is clearly a nice endorsement of our investment view but in reality it's just one person's or one group's view.

Let's see what materialises in the coming weeks.

It's a bit desperate seeing the giddiness of an independent report saying there is "potential" for third party involvement.

People are going to be uncontrollable if this third party involvement arrives based on the pre-conceived idea that it must result in a share price re-rate.

I think it's growing less and less likely by the week that any third party interest will be friendly. There's nothing to say we'll be as lucky as Noront, for example.

And before anyone accuses me of not holding stock... i do hold stock. I just have tempered expectations from those waiting to board the rocket to the moon.

No question about that Addicknt.

However, are we saying that the company is expected to lay all its card's flat on the table ahead of the showdown whilst BHP and everyone else can keep theirs hidden?

Doesn't sound like holdem to me...

Ssmith_trader

What has my track record got to do with anything. I'm not a fund manager or mining banker.

As for returns, they're going to have to be world world world class to match me, given the barriers they have that I don't.

TheSlug - maybe. I think Irwin was entitled to protect his position in any way he sees fit. I was disappointed at the time but in hindsight don't have a problem with what happened.

Things would appear to be more aligned based on the knowns. We'll have to see how it plays out from here.

Addicknt - I'm not really sure. I don't listen to Buffet either.

If I had to guess though I'd say it could be his bazillion years of sustained success in the markets.

Addicknt, and that's subjective.

I've heard enough b*ll*cks from Irwin in particular down the years in these interviews he does, a lot of which doesn't come to pass, yet investors still side with him and make their decisions based on his view.

For someone who appears to be so well connected and with an ear so close to the ground, he doesn't have the greatest strike rate to my eye.

It doesn't matter of course. I know he'll be lauded a hero eventually, for finally being right despite it being 1/2/3 years late. That's the fickle-ness of private investors.

Slug - Nick Mather is equally loaded and ruthless about making money.

Warren plays with his client's money for a tidy fee per annum. Sangha gets a slice for his brokerage and other services, some of which he reinvests.

Neither invest in businesses with capital at risk during the startup stage. Neither have the track record of selling businesses that Nick Mather has.

Why is everyone so desperate to hang off the opinions of Warren Irwin and Bob Sangha, yet pan Nick Mather?

What have Bob and Warren achieved over the last 5-10 years that has earned them so much credit with investors?

One is a mining banker and a director of a company that repeatedly puts it's foot in the social and environmental mire. The other is a fund manager who has been calling the re-emergence of uranium for nuclear power amongst other purposes.

Come on folks. Really?

Understood Monte and a fair point.

All information should be considered in full and in light of the bigger picture.

Think there's been a bit too much hanging on to certain comments where SOLG is concerned by a few different people.

*precious metal prices

Don't disagree with your first point about bidding up Noront and how that impacts Wyloo but would make the comment that if you've not got the supply but you've got the cash then generally you're in the position of weakness. With copper prices behaving as they are and previous metals expected to bounce in the short to medium term, this is much more a sellers market than a buyers.

BHP need to recognise this and keep their mouths shut as Twigger was at pains to point out in his letter.

BHP have spent the last 18 months trying to stitch SolGold up in such a way that they have no competition and are able to secure their items on the cheap. We'll find out at some point in 2022 whether they have succeeded or not.

Oh that's matter closed then.

Boris is a disgrace that can't be trusted. Anyone who believes in him and his politics really is as thick as two short planks.

TheSlug - BHP have proved with Noront that they won't pay a penny more than what they deem to be fair.

You can take that as a given that they're only in the game where they can extract assets at a discount, so as to provide value for their shareholders.

All this talk of bulging pockets and car showrooms is complete bluster and you know it.

Flip it on its head and say that you go into a showroom, haggle the assistant down a couple of grand, get a free service and tank of petrol and the analogy will be closer to the mark.

Guy who invests in mining stocks labours environemental impacts shocker.

Zoros - are there any impacts associated withnthe development of Havieron, or is that OK because it's in the barren aussie outback?

Mining is mining my friend. If you take out you should put back. Are Greatland doing much on this score? I dont hear much from them.

Meanwhile, SOLG have established farms, are harvesting coffee, planting thousands of trees and helping with solutions for schools and the Covid response in Ecuador. That's all despite being a million years away from production, as you're keen to regularly remind us.

Crewtime1 - essentially you get pee'd off reading stuff you dont agree with. Not the best mindset to have as an investor.

For what it's worth, i don't think anyone questions the assets or the macro picture medium to long term for copper and precious metals. After all, there has to be something that has brought us all together.

However, to rubbish someone's view because it's not what you want to hear is very childish and immature. Make no mistake about it, this company is at threat of predation, and there's a possibility that it unfolds in such a manner that causes significant detriment to our returns. You can't blame folks for having those concerns given what we have seen the last 12 months.

Smickster.

I don't dispute that Nick had a say in Darryl's appointment but yesterday's disposal of Moller's services potentially changes the lie of the land as far as the politics of the boardroom is concerned.

Absolutely.

But surely with BHP waiting we should take this as an invitation to push on and release the value adding news? Unless the board is worried that the current PFS doesn't add value? Surely not?

I'm just thinking that the better bid defence is to raise the share price rather than waiting on a competitor riding in to tackle BHP.

Addicknt - I'd have published the Alpala PFS and rolled on to the DFS. I'd have pushed Cascabel on mercilously instead of postponing the study and leaving ourselves in this state.

The studies can be updated as satellite resources are expanded and tax regimes finalised.

Instead the continual deferrals and investor fatigue has played right into BHPs hands.