Member Info for Bozi

You're probably right Max in terms of the mechanics of the demerger impacting price.

I just think that selling now is pretty risky and makes little sense. We don't know the management of the gold NewCo, the price it is looking to IPO at, the operational plan for Q4 and beyond. Oh and something about a Zaranou MRE being ready at some point.

IRR has been some bundled package before now and the company takes steps to plant two trees to grow alongside one another. To me it seems most beneficial to get as many shares as possible now in NewCo by virtue of holding and accumulating IRR shares. An opportunity might present itself to buy NewCo on the open market but that said if the gold price takes off it might not.

Interesting Q3 ahead of us.

N2S

I don't think current weakness is linked to the need to raise funds, but hey i might be wrong.

Don't forget the market has just put £12m and virtually all that money is underwater.

There will certainly be funds needed for the NewCo but it makes no sense to sell IRR now and miss out on the demerger unless there's an elephant in the room.

There's definitely some interesting trades taking place at the moment. Hopefully we're about to find out a bit more.

I should hope he'd press delete delete delete on anything that isn't at least constructive.

Investor Relations aren't there to pander to PIs who want to know when the next news release is or when the share price is going to go up. They're there to put materials together (RNS', corporate presentations, ad-hoc notes).

When they aren't doing that they are catching up with our significant shareholders, potential new investors, company brokers and analysts.

There's bundles to be done.

I find it works the other way round actually.

Slide decks for presentations are put together in advance and dropping a news release just before the event can often require amendments or additions, which isn't likely last minute, especially when decks have been shared with the conference organiser.

Also, let's be honest, there's plenty of normal stuff to talk about... SOLG corporate picture, Cascabel, Porvenir, quick round up of the regionals.

Also, don't forget that these presentations are to folks who don't live and breathe the SOLG story like we do. A lot of these guys will take in many pitches every week, looking to find the diamond in the rough for their fund or company.

Schlemiel - you're correct on the first point but the second is wild speculation based on a couple of lines from an RNS.

Let's hope that if you're right on that part too then it results in a proper benefit for us all and not a measly 50p.

Thanks Zoros. You could have said that 12hrs earlier and saved me the high blood pressure. :-)

I wouldn't think you were a sandwich short of a picnic by the way and Greatland in terms of time to reach production will likely be a shorter play than SOLG but significant growth there will also come when they start extracting. The sweet spot for investors who don't have the stomach for 9, 10 years + is to seek those companies who want to immediately commerciaise their asset(s). SOLG really showed an intent to not do that when applying for the 70 odd new tenements and deciding not to drill Aguinaga in 2017/18.

Look, Jerry. Don't get involved in something that doesn't concern you.

Zoros started this with his criticism of SOLG share price performance. I pointed out that it was no different from other explorers, using GGP as an example. He tried refuting it with a load of BS points.

That's all.

You call that ignorance Zoros? You might want to have a word with your company (GGP) because it is directly from their website.

SolGold have taken 9 years from the very first holes of the partnership with CGP because:

1. They were a minnow for the first few years and had to raise cash to drill every other hole.
2. Their partner never contributed a penny to date making the early drilling even more capital intensive and laborious to finance.
3. They are operating in a yellow light jurisdiction that has bundles more red tape than somewhere like Aus
4. They are developing a porphyry deposit which requires materially more work than an intrusion related deposit like Havieron.
5. Covid-19 in South America has been a much bigger problem than it has in the dusty outback of Aus.

Lets not forget that all we have from Havieron is an MRE. SOLG did theirs 4 years ago and have built on it impressively and with much confidence.

Newcrest have jumped ahead and started their box cut but don't lose sight of the studies still required at Havieron. They are of less importance though because Newcrest simply need to keep Telfer going.

Also, don't lose sight of how long GGP have been prospecting at Havieron and their other assets making no progress before Newcrest got involved. It's not dissimilar to the length of time it has taken SOLG to delineate a Tier 1 mine.

Hi Jerry

You shouldn't accuse without knowing your investment.

"Gold and copper mineralisation at Havieron consist of breccia, vein and massive sulphide replacement gold and copper mineralisation typical of intrusion-related styles of mineralisation."

Source: https://greatlandgold.com/havieron-jv/

I'm not sure I'd be selling with a view to rebuying lower here now.

A fortnight ago there may have been a slither of an argument for it.

These folks appear late on in the consolidation, trying to scare some out of their holdings, squeezing that price lower for their buys.

As things stand an important technical event has taken place today. Price should no longer be under the same pressure from traders as a result.

I won't be shocked if we've seen the bottom.

DYOR and good luck.

I haven't picked the wrong stock at all Zoros.

SOLG are developing a porphyry copper gold project as a pure exploration company. GGP are sitting as minority partner and non-controller of a system of breccias, veins and intrusives currently being drilled out by a major producer.

To expect SOLG to work to anything like the same timeframes as Newcrest on a project that requires materially work is slightly naive on your part my friend.

Besides, we were comparing share prices and on that alone there is a very fair comparison.

For a company capitalised at £750m with a JORC resource of 4.2m oz of gold (inclusive of the copper) and an interest at Havieron soon to be diluted to 30%, you're going to need some barnstorming news to "send the stock north". Good luck with that.

CD- you have a valid point but don't forget that La Hueca has had some holes drilled and so has Blanca, neither of which turned up anything significant, but at least added to the company's data and models.

We did raise a decent slug of cash recently but that can still be eaten up very quickly if not being sensible in terms of the scope of exploration work at any one time. Alpala and Cascabel is the priority and Porvenir is 2nd in line and the other priority projects simply have to wait until SOLG are flush.

If we did sell our interest in Cascabel for example, I'm sure we'd see all manner of boots hitting the ground again all over Ecuador.

OK Zoros, I'll humour you, but before I do you must take into account that the full mining development cycle is from the pre exploration right through to development and construction of the mine. You should also take into account the full commodities cycle, the current bull market of which we're probably still in the early stages of.

Specific to SOLG, we saw the major market run from sub 2p to 46p coinciding with the major discovery and strong ongoing drill results.
We have also seen two runs from the low 20s to mid 40s.

For active investors who are inclined to rebalance their portfolio that isn't a reward to be sniffed at.

Please note that I could ask the same question to holders of... say... Greatland Gold. Have their holders been benefitted in a way that SOLGs haven't? No. Those highs of 38p or whatever it was are some way off.

It's the way speculation into these explorers works.

Zoros - i completely agree that time is crucial, moreso than money, for obvious reasons.

What i would say however is that it's a bit on the harsh side and say "we've been waiting 12yrs!".

The company now isn't the company that was working away in Solomon back then. It entered Ecuador a fair bit later and has gone from signing a deal with Cornerstone over ENSA to delineating the largest undeveloped copper project and finding another porphyry in less than 10yrs, all as a non-revenue generating junior.

I get that some are long in the tooth with the story now and i get it. Just lets not lose sight of what has been achieved.

50p/ £1.2bn for the largest undeveloped copper project in the world, a burgeoning prospect in the south that should be a mine in it's own right and the largest land tenement in the last 'unexplored' country in the andean belt, of any company.

£1.2bn?

I really struggle with the desire to undersell ourselves here. These opportunities don't grow on trees. They are few and far between.

Someone could buy us for £3bn, spend the same again developing Cascabel and still be mega mega mega quids in over the life of the mine.

50p would be an absolute disaster IMO.

I didn't say you were talking garbage. I said that stock is garbage.

Just my view.

I'm a quiet and optimistic holder of PUR. Don't have much to contribute here right now. Judt holding, and waiting.

I wouldn't be so quick to suggest garbage like that Trek.

If they're mining 10yrs from now I'll eat my hat.

I should hope not.

The previous offer was more than generous and they dismissed it out of hand.

Brooke, and Greg, Warren and Bob can close their own sale as far as I'm concerned.

Yet again Addicknt you take the patronising "I should know because I've done it countless times" tone.

I'm well aware of what is meant by the term "strategic options". I'm also well aware that SolGold hasn't publicly admitted to pursuing a different strategy from the one it has in recent years, unless the current investor roadshow is to get that message across.

As i said earlier and you didn't see fit to pick me up on, the company has simply said it will explore and evaluate / review and analyse. It has provided no guarantees or assurances. Any change in strategy or take up of a different option will only be done should there be a viable proposal on the table that creates value for shareholders.

If you all want to speculate that this will happen, as you have been for the last number of months/years then go ahead, but picking out minute phrases in announcements is clutching at the proverbial straw it must be said.

I don't have a preference by the way. I recognise that advanced development and production has many risks, but I'm not going to sit here and say that a full company offer of 60-90p or some sort of exit from Cascabel is a good deal until i see the detail. Some people, like RedKnight i think it was, think it's just a case of going investing in thr "next big thing" like theybare tenapenny in the market. They are not. I want proper value.

Sorry SM but I'm judt not reading this as you are.

"Concurrently with advancing the Cascabel project...", of which the end goal is a word that begins with p.

"...the parties will explore and evaluate..." that just means investigate and look. It doesn't mean act.

"...a range of strategic and financing options to maximise value for the respecrive shareholders..." is pretty vague. Could mean any number of things including the historic plan of a conditional finance package if we're going to be honest. It might mean selling CGPs stake to BHP or someone else. No conclusions can be drawn.

Now if SolGold came out and said "here is your Cascabel PFS showing a hugely profitable mine plan using metal prices far below current spot prices. Now we're going to appoint an investment bank to market this project to the world..." i might be inclined to say you have a point.

However, that is not what has happened. Far from it actually.