Member Info for Bozi

D220 - with all due respect I'm not sure that a couple of days makes a huge difference.

We all want to know what is down there but the operatives deserve their public holidays.

Not sure I agree dvharrison.

Price was at a real low caused by a stagnant market, a copper price recoiling from a recent high and a quiet period in the company's newsflow.

50% was about right to get us back to £35-40m market cap which I don't think is is unfair given the assets, geophysical results and early indications from this campaign at The Big One.

Personally, with some good assays from these RC holes and continued momentum during the dry season, I still think there's a low risk 100% in it from here. (DYOR)

Zoros - i can't dispute that the pace has dropped off significantly for whatever reason(s). Covid-19, corporate obfuscation, geopolitical changes, or whatever it may be. It's one of the trevails of working in a 'yellow light' jurisdiction as Nick used to call it.

2029 is a long way off and if i was nailed for a prediction right now, I'm going to say that SOLG won't be building it. That isn't a climb down from previous comments by the way; I still maintain SOLG have been working with a production strategy in mind, but as you say I'm starting to take a view that Ecuador needs this quicker.

From a company milestone point of view we get the Alpala PFS in Q4. That has to tell us the viability of the known resource at Alpala based on the reworked mine plan and adjusted economics. I think investors should give soe thought as to what this might look like. We'll then get the Tandyama America bolt on in Q1 and can look to a complete DFS that incorporates the existing plan with the new resource.

I'm just expecting a solid opening resource at Porvenir without it being a barnburner. I'm leaving myself room to be pleasantly surprised rather than eventual certain disappointment. Porvenir will be subject to the same politics though, obviously, despite being in a different province and may even be more sensitive in this regard as a pure open pit type pf mine. That could be one for EcuaDaz.

I think we'll have a good idea of where this is going and when in 6 months and it should be nailed on in 12 given that we'll have drilled new regionals on top of the existing project development.

RK - I'm not sure many are panning you for trading. It's more likely for the running commentary of your personal decisions.

You clearly have experience of corporate dynamics and financial markets and people enjoy that insight but it's the disclosure of your dealing that a few deem unnecessary, I think.

What RK and Mrs RK decide on any given day is yours (and Mrs RK's) prerogative.

DBW when you put it like that i think your question is valid.

Sorry, typing on phone with dodgy predictive text

*having to notify

No you're right Thornback, it is so they can trade freely without hsving to notidy the market every time they sneeze.

IIs do this across all manner of stocks. It isn't something specific to UOG.

I understand thst it has dented your confidence somewhat but I'm personally not sure that PIs can get too concerned by it. We have to use the benefits that retail investors have to achieve the growth that our own portfolios need and let the IIs play their own game.

As long as we're across the company news and the macro picture is there much else we can do?

Senderos - why do you hold DGR if Mather is the temple of all doom?

The bigger shareholders managed to engineer him out of his role at SOLG and i suspect we will come to realise why over the next few months. Yes he no longer has a NED role at IRR but I sense there's been a bolstering of governance here (maybe from lessons learned elsewhere). His skillset means his time is going to be better utilised by the fledgling companies in the DGR stable.

GL Senderos. I suspect you're right but would question the logic.

Demerger (IMO) could be some weeks away yet, maybe the end of Q3 or even into Q4? There's a lot of work to be done.

I expect IRR price to move beforehand as punters buy the shares up for the gold exposure. Question is, are we going to see some PR on the gold assets to remind the market what we are sitting on?

After the demerger we then see the deluge of lithium related updates to propel us on further and indicate to the market that we have a world class project in partnership with Piedmont.

Ortherncopper - I'd happily sit here for 4 years with a share price of 44p watching you wait for that extra 1p before you sell.

All this 45-50p and I'm gone talk is to be expected given sentiment around the stock but it's pretty poor, unsubstantiated and if I'm being honest, comes from investors who won't have incurred an opportunity cost from investing in SOLG.

It isn't for me to tell anybody what to do but if people aren't happy with share price performance and are worried that they're losing out on gains elsewhere then ask yourselves why they haven't sold out and repositioned into the equities with the bigger upside. 45-50p is only 60% from here. Am i to believe there are no other companies on the market cap with 60% upside potential?

Not a bit of it. The same thing has been happening here for some time. 'Investors' talking of accepting lowball takeover bids or selling out on the next rerate... you have to wonder if they are investors at all or doing someone elses bidding. I suspect i know which.

Don't forget there's still plenty of downside from this level. We've seen support at around 24/25p and below that different levels between 17-21p. This isn't a nailed on certainty.

A lot of the time on this AIM market a company's value can bear no correlation with it's assets.

We have seen in recent months how the development of Abu Sennan is coming along and the AJ8 well is the next in the work stream.

This is a time to look at the fundamentals and wait whilst they play out. A big seller in the market will delay this unfortunately.

On the subject of TR1s, a buyer or seller doesn't have to notify that they have crossed a threshold if they are still mid deal. This is also AIM and investors don't always publish the TR1s they are obliged to unfortunately.

It's not for me to label you anything CovGaz.

Which CEO statements did you trust that haven't come to fruition?

I'm not trying to pretend for one minute that I'm a trader, have bought all the lows and sold all the highs. Not the case. Just pointing out to Ssmith that over the last 18 months this stock has been fairly volatile and has provided opportunity for those who were alive to what was going on.

I suppose the key thing to take forward is to trust nobody until they have earned that trust. A lot of company execs are talking their book and trying to retain investment or court new investment. They can't always be fully believed.

Past experiences have to dictate future actions.

Funny and original you are Ssmith. I know you don't take any trade on a 3yr view so pull the other one...

The fact is that plenty have traded SOLG successfully for a nice return. We hit 10p last March and 43p 7 months later. If that isn't a good return then what is it?

It also did a move from 20p to 37p this year. Even if you'd bought at 22 and sold at 35 that is still 50%+.

Instead of blaming the company how about you be a better trader? Ultimately that's what it boils down to.

The company has been transparent in it's strategy and both the defending of a takeover and a willingness to raise the finance alone. It is only recently the company has said it will listen and review alternatives but it is yet to announce any change in strategy. That's a fact.

SSmith_Trader

Why should the company speak with "more colour"? To give you volatility to trade around?

You have to assume that the company has kept the market up to date with all market sensitive information, at all times.

Not necessarily. Whilst the price movements on the two exchanges are usually quite strongly correlated it isn't a case of gaps to close any discrepancy.

I don't expect news tomorrow but anyone not in at 4:30 will be locked out as news should drop overnight on Wednesday into Thursday and we should get an RNS at 7am on Thursday morning.

Bakuraku - firstly welcome back.

You're quite right in what you say, in which case I'm sure you'll be happy to buy IRR and or when Piedmont agree to proceed to stage 3 of the partnership agreement.

It just might not be wise to expect the same upside in the stock at that point. The project will most likely be even further derisked following a combination of:

a) Resource growth via exploration drilling of pegmatites found from regional pitting
b) Adjusted JORC to incoporate areas not included within the initial report but since discovered
c) Refined scopy study to incorporate above growth into conceptual economic plan
d) Another exploration campaign with the stage 1 funds received from Piedmont providing further upside to b) & c).
e) A DFS to show one of the top hard rock projects in the world.

Maybe 22/23/24p now is the entry? Well ideally you should have been buying at 16p last week like those who are well researched were.

Nothing wrong with the strategy Dhanteras mentions to make that money work harder, but all it takes is one foul up somewhere else and that capital can get battered in no time at all.

Maybe the best strategy is to believe in the IRR management and the project, knowing that cash is going into the ground going forwards at a rate that will far exceed what it did in the past, which itself takes some doing given the company's aggressive exploration efforts in at least a couple of jurisdictions.

Investing is easy. It really is. The true gains are made by backing the right horses early.

From my own and admittedly limited experience I haven't noticed a halt followed by a poor set of results.

That isn't to say that Castillo's results are going to be outstanding or what the market reaction may be, but I consider it a positive that the company have requested a halt whilst the announcement is made.

Have a look at the recent RNS' on the geophysics and it bodes well.

And you Addicknt.

Very interested to see what these guys have found to merit a trading halt over in Aus

The clue is in the word "material".

Have a look at some of the other Aus companies who hsve announced trading halts and then exploration results. There's a trend.

I've hears of all of them Dhanteras.

To suggest that zinnwald is better than IRR...well you have just shown yourself right up.