Member Info for Bozi

TheItalian - the "someone" to who you refer is talking through their arris, respectfully.

How can he be fully invested Rodney? He holds 2m less than he did.

Options mean bugger all. He'd likely only exercise them in a change of control, so they're just as likely to expire.

Rodney - what if my auntie had balls? Well she'd be my uncle.

I can't believe we're all seemingly blasé to the fact our CEO until as recently as March has seen fit to dump some of his holding this stock so soon after stepping aside.

You must admit it looks horrendous tax bill or no tax bill?

If he did well in the job and SOLG stock had ran back to 30p+ and he had tax to pay you wouldn't begrudge him slicing a few, needs must and all that.

But I'm sorry, I'm not interested in any excuses here.

Red - Mather's foundation used to sell shares annually in order to make charitable donations. Each RNS would state this was part of foundation business and did not reflect his personal outlook, backed up by about 98m shares, of which not a single one has been sold.

Scott on the other hand has dumped a chunk of his own personal holding. If he doesn't have cash elsewhere to settle his tax liability so much so that he has to sell shares carrying a distressed valuation, I've no sympathy for him.

All well and good Rodney.

Now square that circle with Caldwell selling stock at 7p.

He clearly isn't working off the NAV anymore.

You can keep bringing the NAV into the conversation but it's meaningless in the context you're referring to it.

If SOLG was to attract a bid now, it would likely be in the range of 0.15-0.3NAV.

Add - how many reasons would you like?

1. SolGold haven't demonstrated they can move things along quickly enough

2. The government isn't completely demonstrating support for mining with their attempts to discourage new exploration.

3. Those with influence at SOLG are demanding much more than Jiangxi would be willing to pay and that has created a stand-off.

The reality is SolGold wasted a lot of time with the strategic review under stakeholder pressure to monetise. After consolidating ownership the strategy should have been to derisk aggressively and apply for permits. Had we done that well from Q1 2022, we'd probably be cherry ripe for a change in control now.

It's good news for the outfit short, that is for certain.

Grasping the thinnest of straws, I wonder if it will create the liquidity for them to close out?

Dreadful.

Remember who ramped this and remember who criticised anyone who dared to raise any concerns.

Red - please don't bring me into this just because you don't like my point of view, which I corroborate with facts.

Even more so, don't even compare me to Jack. That's offensive.

Add - on this

"Jiangxi want Newmonts shares, but PS doesn't want to let them have them at this stage. Newmont aren't interested in Cascabel, but ironically, are interested in investing in ExCo."

What can PS do if Jiangxi want Newmont's shares? It's up to Jiangxi if they want to buy them and Newmont if they want to sell them...

Although it's an interesting snippet as potential context to something else. I suspect Fort might be joining a few dots on it.

Great news.

Needs a bit more on the ExploreCo side if things pretty soon but this is a great precursor.

When a company creates a negative impression in the market for as long as SOLG has one piece of news will never fix things.

It's a good piece of news and should inspire a bit more confidence for people to get involved at this level but without a credible plan what does it mean?

Straight away in the aftermath of the announcement folk on here were talking about how it could inspire a bid. Ridiculous stuff.

Everyone needs to concentrate on this business doing the right things day after day week after week for the next 12 months and see where we are.

Whilst it's a promising start it needs more than one piece of news to arrest this slump.

Next they need to announce the next tranche of funds landing. Then they need to announce the full strategy.

Achieve those by the end of May and the turnaround should be on.

GMIN aren't engaged by the Chinese. They're looking after Franco's interest.

We're down here because of a lack of proactive management but we're also down here because that competitive tension that many on here speak of (between the main shareholders and the rest of market) hasn't materialised.

This would be nipped in the bud quite quickly if BHP were as keen as many liked to think they were, or if a Barrick type wanted to make a play.

The fact is that the shares have been down at this level for months now and nobody has put a proposal to management that is worthy of presenting to shareholders.

You have to factor that in when you weigh up the SOLG investment case. Great asset, but not that desirable for whatever concoction of reasons you want.

I still think GSC is undervalued by the way particularly with this RNS this morning.

I think GSC should be looking at £50-75m based on the results from the last two phases of drilling.

Market appears to be sleeping. Not unheard of with these discoveries.

Mercedes - they're different deposit types.

SolGold is a high tonnage low grade porphyry that has a high grade core. SolGold's high grade core is comparable with these grades but the low grade envelope isn't.

GSC, whilst very promising, won't be the same tonnage. It'll be higher grade but much lower tonnage as Mostaza isn't a cu/au porphyry.

If GSC find what they're looking for at Viuda then the comparisons can start and the same sorts of valuation potential come into play.

Yeah, that was the whole point of the strategic review that some of you like to pretend never happened.

It happened until about a month ago. 2 and half years of it.

Max - that wasn't a very good bid at all.

It might have been one you timed well but there were a lot of shareholders who would disagree with your description of the proposal from Sandstorm.

Someone from BHPs M&A team should be able to guide you Roge.

Tandy doesn't need to be that attractive IMO. It just needs to provide quick, relatively cheap access to about 2-4m oz of gold equivalent. The reason for this is simple; Alpala is the main prize but without the starter pit you've got a few years and a few billion quid to go through.

The time that has passed since the merger suggests that SOLG have struggled to find that willing punter, and as you say yourself majors are now cash rich particularly vs 3-5 years ago. They won't want to let go of that cash lightly when it can fund dividends for their shareholders in the near term.

Roge - you really need to ask BHP why they paid Lundin $690m for them to add the Josemaria project to the Filo JV.

They mustn't have read Red Roger's memo.

The guy who sold his company for multi billions to Continental Gold and is currently on junior no 2 (probably be sold before SOLG) might want to take note too.

Tandy is huge for SolGold. It'll never dent Alpala or what that gives a producer over 30 years + but it's crucial to getting that block cave funded because every man and his dog knows the $1.55bn SOLG mentioned is unlikely to cut it.