Member Info for Bozi

Corker isn't it.

I'd actually fancy us creating a rounded bottom at c.21p before we bounce, but that's just my guess based on limited TA knowledge.

I don't know where you get that from Tony.

The company has said that Ditau exploration has already been budgeted for and JV discussions are progressing with numerous NDAs signed with a variety of major and mid-tier mining companies.

Anyone who has followed the story so far knows the company has been resourceful and careful with funds. I expect that to continue based on conversations I've had and reports I've read.

I'm going to stick my neck on the line and say this SP won't drop much further.

It's generally accepted there's a capital raising coming. We're an exploration company and we're exploring at an aggressive rate on an impressive scale.

Just a couple of questions to those suggesting a discount.

How do you know? Was the last raise carried out at a discount?

Don't lose sight of the fact that we have a tier 1 asset that currently sits 6th in the world list of undeveloped properties. It will be in demand as soon as copper supply shortages come into view.

If you're betting on a discounted raise and price sagging below whilst any overhang clears, good luck to you. You may need it.

Have you booked in for that tattoo to be removed? :-)

Not quite sure where that volume came from. Largish delayed sell now showing too.

Ignore the last line Mickey. I was looking at Monday.

Absolutely Mickey, this stock has come a long way in the last 12-18 months.

I remember the days when it was 0.3p and cheaper...

RNS day was yesterday and volume was £15m+. We've already breached that today but it's skewed on the sell-side. This tells me we have heavier selling than usual.

The issue here is that there's a lumpy enough seller holding the stock down.

Once they clear we should see something resembling the reaction most of us were expecting.

This is the opportunity we didn't expect to get.

Don't particularly agree with this.

We know the timescales in play and the size and status of the asset provide immense comfort. A bit of uncertainty following the constitutional challenge of course but that should have acted as a sharp jab for anyone who was miscalculating the risks in play here.

There are three certainties in life: death, taxes and SOLG. :-)

It was definitely sage advice at the time lostagain, given by someone who had no doubt experienced the tribulations of AIM.

I've fallen in love with this company as much as anyone and I believed we were going to the moon when we started surging to the original 46p. I've learnt a lot since.

My feelings haven't changed but but I've made an effort to embrace the swings the market provides. I believe this is vital to being at peace with your investing.

Going 100% in one company is always a huge risk, especially if this is your retirement pot. Be careful, and take the actions you need when you need to protect that capital.

It's all paper until you sell lostsagain.

Paper can be picked up and disappear in the wind.

The journey to retirement is about picking the right investments (check) and managing risk throughout their journey to maturity.

What about the rest of the sentence you have quoted Mick?

Oh Lewlil, it didn't take very long for your MO to come to the fore. I should have known yesterday with your Sunstone Metals interest that you'd like be a disgruntled Cornerstone shareholder looking to wind up SolGold shareholders.

To answer your questions:

Have you seen anything to suggest that Nick Mather is desperate to sell? I haven't. No arms waving screaming "FOR SALE", no continuous bleating about the asset. We've put out our PEA showing fairly robust economics based on an out of date resource and we're quietly advancing the pre-feasibility study through the technical drill-outs and other tests ongoing.

Nick has offered his explanation within the last fortnight on the current share price when he was asked why it's languishing. His answer was entirely reasonable as was his suggestion on what would get us moving back in a positive direction.

The company are no longer releasing regular drill results because the current drill campaign dictates that regular market updates are not of the same significance and relevance as the earlier drills. The RNS of 19 July goes into more detail and clearly states that they're targeting resource extensions at Alpala Northwest, Trivinio, Alpala North and Alpala Southeast and the drilling fleet is expanding to carry out this work alongside the geotechnical, hydrological, hydrogeological, metallurgical and petrophysical work required to advance the project further.

Hardly the FOR SALE BUY ME NOW behaviour you're suggesting.

I've also seen nothing to suggest he's happy to see the SP languishing. Just look at how many shares and out of the money options he holds. Pretty silly statement.

Regarding the intended takeover of Cornerstone, that's all it is until the company decides to make a formal offer. I find it interesting that CGP shareholders are bemoaning the time that has passed considering they were all rejecting the offer out of hand. If you go to a used car showroom and they want to buy your car for $1000 but you believe it's worth $2000 you walk out and say no more on the matter... don't you?

But we all know what Cornerstone are and we all know that their shareholders are desperately holding out for an increased offer, pushing these pretty average results at Bramaderos as a way to try and boost the company valuation. Pah, give it a rest fellas. You'll get what you're given and you'll know in your heart of hearts it's a sensible offer and a gateway into a much bigger and better company.

And what would the seller lose trying to scramble back in if the company released positive news?

You only have to look at the original BHP purchase from Guyana. Gapped up 15%.
The BHP private placing. Gapped up 40% plus.

Reward: £5000
Risk: unlimited.

We've seen you on here before Archieee under a different guise.

Not the sort of risk I'd be taking for a measly 20%...

Lewlil

Sunstone Metals have bounced 12.5% off what was almost the 52w low. Well done but you'll need further gains to recover previous losses there.

Lets see what they can do at Bramaderos. Not saying it can't be a company maker for them but I personally value Cascabel and SolGold's regional projects much more.

Those Bramaderos Main results from CGP look very average.

Comparing them to Alpala though is comparing apples with oranges.

They're churning out decent enough intercepts but it's all lowish grade. The deposit modelled today looks gold with copper credits rather than the 1:1 at Alpala.

It's early days as lewlil says but I can't imagine thst project will be exciting many mid-tiers yet.

*Ready for the next week SOLGers...

Don't check in here that often now but have 5 minutes so thought I'd post.

We're clearly seeing the "value valley" effect that Nick referred to in his recent interview at Diggers & Dealers. We've had the rise to 46p, the retrace to 20 and the opportunity that provided, the bounce up to low 40s earlier this year and now it's time for the opportunity again.

Instead of moaning about the share price and each other consider it an opportunity to get some more cheap shares. There won't be many more. The catalysts are being lined up for Q4. Potential debt financing for Alpala development, MRE and PFS, permits coming through and ramp up of regional exploration, takeover of Cornerstone.

Kiss goodbye to this level once those news items start dropping.

There's so much to look forward to here. Hard to call the bottom with certainty but the 17/18p area looks good for a change of trend. Given where we are with a Tier1 project this has to bounce and bounce hard.

Time for patience and time to add if you're that way inclined. The broker targets spell it out and the Ecuadorian government remains supportive.

Big 6-12 months coming for the company, starting any time now.

"Oooh look at me I sold higher but very surprised to see it lower"

How do you make your trade decisions Dol? Stick your finger in your gob and then in the air?