Member Info for Bozi

Rich3r - 5 what is your rationale for selling company assets now?

Surely it makes more sense to do so as the forecasted copper supply and demand gap grows, anticipated to be some time between 2024 and 2030?

I'm not talking about our own strategies here by the way. I know we've done that before.

Is this situation any different to selling your precious metals or your buy to let property portfolio etc. You sell as close to the top as you can when you can.

Understood Sean. That's the world of resource junior investing.

I'd also offer the view that the first (post Alpala discovery) 42p or £750m was fairly toppy compared to 42p or £1bn now with a follow through project on the go and promising 100% owned regionals to compliment that.

I have to concede that the market has stopped taking SolGold seriously and that has provided a great opportunity at a meagre £530m today.

Sean- the paying shareholders I refer to are the ones that participate in capital raises. The likes of you and I that deal on secondary markets are just participating in the bigger picture.

We had this discussion during your last period of activity. SolGold made the decision to not do the earn in type agreement with their 85% stake, I suspect to avoid the concerns that surround another explorer that shall not be named.

We can argue whether that was the right decision or not, but it was the path the company chose and as market participants we have the choice to row along with it or take our cash elsewhere. It really is that simple.

You talk about me walking down an up escalator without giving any examples. More than happy to discuss them. As far as I'm concerned I'm on record not wanting disruption to the board of directors but wanting the same management to start delivering on it's intentions. I'm hardly p*ss*ng in the winds you regularly see up your neck of the woods.

Buy low. Sell high.

What more do I need to know?

And the price is what... +5%....

Montecristo - the trading oracle. Let's bow to greatness...

I don't mind positivity HappyHarry. It sounds like you don't either.

I'm just gently ribbing Monte as we've not seen eye to eye previously. No malice though.

And to add my tenpenneth, I'm not best pleased about the PFS and want a positive update at the AGM. The company wants to fend off change of control interest and the way to do that is to start meeting goals and getting things done. A higher share price is the best defence and the route to that is via positive study results and good exploration results. Even then we're at the mercy of the market, which has been better obviously.

We've got a new CEO and if the company wants to show a clean slate then the time is now. Let the suitors come to us instead of floundering and trying to illicit that first move.

Unlucky Monte. No juicy RNS.

Maybe you'll go back to slating all and sundry... once you've traded back out that is.

Monte - reported.

SeanHunter - have you learnt nothing?

Company's with no revenue don't develop tier 1 assets with the fruit from numerous money trees. Shareholders have to pay.

The point made is that we'd likely see unscrupulous dilution at the hands of a BHP influenced plants.

The sort of dilution that would lock you into your trade with no prospect of a profit.

Addicknt - nothing I really disagree with.

Only point I'd make is whether our board is ready to engage positively with BHP, NCM and other non-Mather controlled shareholders, particularly in light of:

1) BHP lobbying shareholders and certain directors
2) Newcrest announcing the "strategic review" of their position and removing Craig Jones
3) Cornerstone bring on the hook away from Cascabel over certain environmental issues.
4) Berry Street getting rowdy in public.

I think it much more likely that SOLG maintain the status quo.

Let me put it another way. SolGold could announce a strategic review tomorrow with a view to a sale of either certain assets or the company and the share price would probably run up 50%+ over the next couple of weeks or so, even in this market. So why don't they? Why isn't that part of the Citi defence? Any RNS would be caveated to say that a transaction is not guaranteed to take place.

What do SOLG gain from delaying studies, writing documents themselves in French etc, essentially turning the market off from the story, given that the best defence against a cheap offer is a higher share price.

I mean, look at Eurasia Mining for an overpriced company that has done something similar to that mentioned. I'll bare my backside at SolGold's offices if they ever complete a deal at a higher price than their current SP.

I get your point DBW but I think there's probably too much evidence here to suggest we're not all about to be surprised.

I mean, maybe the plan to pot all the directors at the AGM is an elaborate cover up by BHP whilst they make us an offer we can't refuse. Not really convinced personally.

Ambrian's guidance is of course welcome but as we've learned with this game, the one that blinks last is usually triumphant.

ATB.

Addicknt - if the company receives an offer it needs to put to shareholders then Nick gets his votes like the rest of us. His board position is meaningless.

But any notion of SOLG being rolled into the hands of BHP is IMO squarely based on a BoD ambush and eventual dilutive play out. It has to be as BHP will need to get as close to 30% as they can for as little further outlay as they can. We've seen to date that they aren't actively buying on the open market and we've seen they want the whole board replaced.

The question I have for you is... what have we seen to suggest there is going to be a sale process? I might be wrong and happy to hold my hands up in advance but after years of hard ball can you really see the SOLG BoD putting it's tail between it's legs and waving the white flag? I can't. Not as things stand anyway.

And just for the record, that flippancy was intended in a friendly way because I know full well you know what you're talking about and what discussions you're trying to start.

But as DBW points out, not occupying a board suit removes his voice from the boardroom. There's other ways to mitigate the influence his shareholding and controlling interest carries.

And we all know some of our major shareholders (including BHP) have much deeper pockets than Mather and DGR.

Addicknt - I didn't have you down as one to play silly beggars but as you are...

A Mather-less board of directors is able to make executive decisions without the influence or view of one of the company's early significant shareholders.

Do you agree?

Those decisions, depending on who else is employed by the company, may (or may not) include significant levels of equity dilution to our major shareholders.

Thus altering the balance of the register. Do you agree?

Therefore, Mather sees his shareholding and that of DGR reduce, thus reducing the influence his share voting carries from the c. 20% it is now into the teens and possibly lower.

Do you still follow?

And therefore, when Mather's controlling shareholding is no longer of any significance to the bigger picture, he has zero influence.

If you aren't willing to acknowledge this then you're welcome a corporate stooge for an interested suitor and I simply won't hear anything to the contrary.

Who has said anything to the contrary, Addicknt?

Quite right ShearClass.

However, combine your point with this one and i think we're onto something very special.

Ø Significant potential for resource upgrades; project metrics substantially improve with increased LOM beyond 12 years

We're on the cusp of these figures becoming substantially better again.

Mathers - I hadn't given that poster any credence if I'm being honest.

They are entitled to their opinion but when there's nothing to substantiate it apart from trying to fling mud then I simply won't waste my time.

RK's presumptions however are bordering on slanderous. He really should know better.

As for the three persons that recommended that post, you should be embarrassed, unless you're working in concert that is to undermine and disrupt actual SolGold investors.

It really is flat earth type stuff.

Lunch Money - and well done for holding Redknight1 to account for his utter fabrication at 18:40.

Red/Terry - that post was full of inaccuracy and you would know so if you had any idea about how the MAR rules work for PDMRs.

You have absolutely zero proof of what you allege and you would be best, in my opinion, retracting those comments.

I appreciate your honesty but are you telling me a few OK drill results from Tandy and a half decent batch from Porvenir change the story completely?

Those who know the story would probably take the view it hasn't really changed at all.

Porvenir has always promised. Tandy is there to do a job for Alpala. It's Rio Amarillo that is the dark horse in the race.

Good luck in any case.