Member Info for Bozi

You answered your own question anon3.

This being sold for a fraction of it's true value rattles me too and i wish i could be as confident as you about it not happening.

We saw with the AGM that it was a close run thing in terma of Nick keeping his job and why would fending off a miserly offer be any different?

Sorry Monte but i don't think it is.

I made no reference to how long people have been invested. That's a different thing entirely. I've been here nearly 8 years myself. I'm not some Jonny Come Lately with a loudmouth who doesn't know the journey we have all been through since the early holes of Cascabel. There will be others who go back even further.

The point I'm making, that i think those agreeing with Redknight would struggle to refute, is that if a set of circumstances conspired where the SOLG share price ran up, say 100% from where it is now, would they remain invested with the same exposure that they have now? I believe the answer to be no given that they're stressing about the share price now and the priorities of the management team.

The board would then go much quieter as these traders play up their funds elsewhere and wait for SOLG to become an opportunity again.

That's the point. That's why there's fretting about the CEO micro-managing the share price of the company.

Nick may have called you nuts if you asked him 7 years ago where we would be in 2021 but quite simply life changes. The opportunity in Ecuador changed and as such the trajectory of the company changed. Were SolGold all about Alpala I'm sure we'd have sold Cascabel by 2018 and not be sat here now. But we didn't, in fact, the objective became Ecuador and Cascabel is just one part of that.

I'm not asking for anything now. People are entitled to do what they like. I am being patient because i think that is the right thing to do now. You and everyone else can do what you/they please. All I'm saying is that people should recognise the variables in play and the wider strategy before making unrealistic demands or chucking unfair criticisms.

You can exit today if you want. You can exit any day that you choose. Maybe the issue here is that assuming an exit correlates with a share price high/spike.

As i said, the story changes. It isn't fair to expect a story told years ago to still apply. Not fair at all.

Absolutely correct Iceberg and Quady.

CEOs manage the company and not the share price. To suggest that day to day strategy is about increasing the dhare price is laughable.

I'd just not argue any further chaps. You're running up short term trading mindsets that would gladly take their pound of flesh tomorrow or next week if the opportunity arose. They're consumed by the share price now rather than operational progress, current or upcoming fundamentals, etc.

So so transparent.

The lithium JORC was dropped into the darkest depths of a lithium bear market Earthling, where carbonate and hydroxide prices were much suppressed and squib-like.

This work will hopefully boost tonnage nicely without affecting grade too much in either direction which makes those selling points (infrastructure, favourable metallurgy, simple flowsheet) all the more compelling.

I half agree N2S.

An expansion to the drilling for equity MoU feels mutually beneficial and necessary given the position of the various projects but i don't see this impacting the share price today.

IRR news has been sold off as long as i can remember. This will stop one day, but that day isn't today unfortunately...

Hargreave Hale clearly taking the view that negotiations with AA aren't going to fall through.

These shares will likely, in my view, be split amongst HH's discretionary managed accounts. WH Ireland, who acquired HH 3 or 4 years ago have also become sole broker to ARCM with immediate effect.

I'm reading that things are going as expected rather than not and presumably ARCM just need to extend their cash runway whilst they get a deal done and closed.

Earthling - there's clearly a play-off here.

Some very interesting and prospective assets vs one (IMO) questionable appointment.

This piece of news won't make me sell but before today i was leaning towards adding to the stock i have at 0.8p. Now i am unlikely to do that.

Is that crystal for you?

Morning SharketMare

I'd be wary of doing that on a forum such as this but if you take a half hour to do some research on the past directorships of one of these guys you will likely pick up my thread.

These appointments don't mean KAV can't be successful by any means. The drill bit in the KSZ will do the talking.

I would say no, until such a point where we are told yes, Aguinaga.

I wish I could share your enthusiasm about these board appointments D220 but unfortunately they fall short of my expectations.

I'll now be reconsidering my shareholding which is a shame because I thought the sky was the limit for this company.

Earthling

I'm not being pathetic.

Do yourself a favour and review the conversation with a nice cols beer, or whatever you drink and get to the root cause of our disagreement.

My ire is that despite being very profitable from SOLG (Im sure), you complain the the PFS isn't done already and is months late, making no mention of the wider circumstances.

If you are a specialist in resource companies then i trust you will know just how detailed these studies are, which largely rely on the input of independent companies might i add.

You'll also know exactly why there was a quiet period where no drilling took place and why there was a period where the company changed it's reporting policy.

If you're an investor, then you deal with it. You accept it or you stop supporting the company with your shareholding. But by coming on here giving it out with little credible basis, just makes me think that you're only after winding up posters you have disagreed with and made enemies of before.

By the way, I'm quite happy with how my portfolio is positioned for 2021 thank you. I concentrate my focus in this sector as i back myself to find the better opportunities and let them play out rather than get upset that we didn't see any drill results for a few months.

Very interesting find Ice. One to follow the progress of for sure.

Toodle pip Earthling. Go and invest somewhere you get a drill results report every other week instead of coming on here, complaining, saying everything is strategic and intentional, yada yada yada.

I don't 'want' anything Earthling.

PS, i hold KAV who haven't stuck a drill in a ground for well over a year. I also hold IRR who before drilling Zaranou had a period of inactivity.

So hopefully that clears things up for you.

Just watch your entries and exits me ol mucker. Couple of questionable companies in your last 30 days posting history... ;-)

I'm asking you the questions Earthling and you have answered none. Nice one.

To answer yours, we know why there has been no drill results, because prior to dropping the drill gear at Porvenir we haven't been drilling for 12 months. The company released MRE3 which included the drill results from the campaign preceeding that study and then Covid-19 emerged.

If your MO is really about trading the upside of drill results then you should hsve sold the MRE news as there was clearly a quiet period whilst the company made new hires and turned its attention towards minerallogy, petrology and mine design.

Earthling - how many companies have you invested in that have needed to do a PFS from scratch on a tier 1 find?

How many companies that have needed to do this amidst a global pandemic that has accounted for a lot of destruction throughout the world, caused a decent slug of operational downtime (during lockdown), and has led to the introduction of new risk-mitigating protocols that have led to bottlenecks and longer lead times?

How about another angle:

What do you think there is to be gained from intentionally delaying the Cascabel PFS?

If anything does it not help Cornerstone have more time to arrange financing or sale options? I'd have been bricking it as a CGP shareholder if SOLG were going rapido and that BFS was approaching like a tonne of bricks.

Now that's not the sort of post you see on a daily basis.

Nice ramp CAR3Y. 10/10.

Apologies, hit post too soon.

I would like some gains at some point but I'm probably a bit more relaxed than maybe some are in terms of timeframe.

I'm more than happy to give this a good while longer to play out, just because i think the regional portfolio will be worth waiting for. I trust the company have been spot on in getting the right areas and i think there's a good chance of having another big project. Maybe more than 1 if we assume Porvenir could be the first.

I appreciate there are different circumstances and reasons for not holding the same view, having had this conversation with a few investors today. Life has something different in store for us all.

Lets hope that as many people as possible are happy with however this does play out.

Thanks. It was meant with good manner Rich3r but that doesn't always come across on here.

Rich3r that is some nice bluster.

Just say you want it to be over because you want your winnings and I'll respect you much more for it... ;-)