Member Info for Bozi

2 and 4 Add.

fort - 15-20p was spoken about in a distress case where gonzalez won, introduced red tape and generally made things difficult where noboa had been more open to business.

the context is key. it was talked about in terms of firesale scenarios had mather lost control of the dgr holding etc.

some of that pressure has abated and that brings some more upside back to the investment case. to say "mining industry standards" is, again, not taking account of the nuance that exists. an epithermal project in australia won't be valued on the same basis as a block cave in ecuador etc etc.

i personally have doubts as to whether a bidding war will materialise. sms posting is informative in many ways although i'm not surprised to hear that bhp have took a backward step (and to say they wouldn't share their intentions anyway is just poppy**** - there's a big difference between public comments and private actions).

h2 25 is going to be what we've all been waiting for. how well we fare remains to be seen.

Fort - you really do have the ability to get completely wrapped in your own warped logic.

Why would you need to bring the heavies in if you have a swashbuckling asset that is highly sought after by many organisations that are as cash rich now as they have been at any time in the last couple of decades?

The same folks revert to the bid war talk. Of course we all want to see it, but where is the evidence it's going to materialise?

If competitive tension existed over a company with a tier 1 deposit and an enviable regional portfolio the company valuation wouldn't drop to c.1% of the NPV at current metal prices.

Roge - you'd do well to listen just this once to someone who has done considerable leg work to try and get to the crux of things.

Investors are being told diddly squat. SM has delved a bit deeper and got a better handle on the dynamics.

It's worth detaching from your all encompassing world view.

What I did or didn't do is no concern of yours Fort.

What is your concern is how you treat people who hold a different opinion to you.

We remember all the fantasy, hypothesis and talk of "industry standards".

Evening to you.

Fort - nothing just yet.

But if what a few people are now switching on to actually transpires you'll have at least 5 years of posting history to apologise for and countless slurs towards me.

Rodney - there has been ample warning of the eventuality you mention on here since the day Mather stepped aside in 2020.

Nobody can be shocked. It only gathered pace once the Canadians pulled their stunt.

I won't expect any apologies from Fort and others who did nothing but villify me over it.

Can't be that tempting Bonker if you're running tight stops.

Another being economical with the truth.

Red - positive postings are disingenuous when there is little to nothing to be positive about, as there is currently.

Positive postings, as you allude to yourself, are designed to promote the stock, to illicit buying so you can profit.

Look at Investor Panda. Regurgitates the same rubbish multiple times a day. Are you saying that's fine? No GFD of a listed company should be of that view.

It's bad enough you're asking the question given your market background.

Red - I confirmed the context for the discussion about 15-20p. So did PBow. It's not our problem you continue to ignore it.

I've long been of the view that 25-35p would be the end pricing.

You can post your facts as much as you like but they're irrelevant. If the fact we had $230bn in the ground mattered we'd all be sitting on huge paper profits and be awaiting sign off on a multi - billion pound deal.

Shout me when that happens.

Stackhigher - Red's Mo is positive postings only. He believes we all have a responsibility to convince people to buy the stock.

My posts carry no recommendation. They never have. I will speak freely and honestly at all times.

We're not running the risk of falling below 6p for no reason.

Red - I've reported that post.

Happy to take this discussion away if you want. We know where we can find each other.

The July24 RNS was 8 months ago. It's virtually obselete especially given changes to senior management.

The RNS 3 weeks ago is word salad, corporate fluff, describe it how you want

Red - please desist from this. It was confirmed by Stackhouse within his presentation to the Franco group.

Would you like to provide evidence of us being funded through to FID? Nobody with any knowledge of the business believes that for a minute.

Stack - 5,7 and 8 can all be good buy prices.

What's wrong with that?

Yes, one may be better than the other two, but not everyone wants to be a d*ck for a tick.

Just ask Buffet, Munger and Co.

I wonder if Jiangxi would seek to recoup that cost in a change of control scenario.

That would result in shareholders carrying the can of course.

We need the plan, Dan. New tax year starts Sunday so we're all ears from next week onwards.

Thought the Stackhouse delivery at the Franco conference was tepid at best. After relying on expensive streaming deals for the last couple of years we're now fairly open again about being on the hunt for new capital, especially for ExploreCo.

SolGold will go down in the history books as how not to do it

Don't disagree SD.

Can't see many reasons for not buying here when PA has been adding at 28/29.

MAA86 - the market is distrusting of Pensana due to the way that comms over finance has been handled.

The market wants to hear,

"All conditions precedent to the financing have been met and the banking syndicate has deposited funds with Ozango.

The timeline for construction at Longonjo is thus..."

... and finally for tonight Red, it isn't ironic that I've mentioned Noront at all.

I bash you for mentioning them because you use the example to rabidly ramp the bidding war. I have simply argued that it's a very particular choice of scenario because of the circumstances that were in play. Today, I used the example in response to Add who talked of the attitude from majors towards juniors. I simply drew the comparison to Wyloo having a large position in Noront and trying to flush them out until BHP ruined that plan.

It's simply my view of the Noront transaction vs yours. Both our views are subjective.

Red - you said,

"You don't seem to have noticed that most of the junior mining sector is depressed, but I promise you there is a M&A fest coming that will be the biggest since 2011/12 and bidders will be scrambling for companies like SOLG just like they did then..."

Please don't make promises you can't keep.

The VanEck Junior Gold Miners ETF is up 34% year to date and 51% over the last 12 months. As the ETF represents companies that make at least 50% of their revenue from gold and silver mining, I would argue it is categorically false that most of the junior mining sector is depressed. The ETF has risen quite markedly off lows and sits close to resistance from July 2020.

DEBUNKED.

Red - yet again you selectively choose quotes and regurgitate them without context. This is beginning to amount to defamation and I won't take it lying down.

The 15-20p was a discussion about a change of control imminently after the election. 100-200% growth in a short period of time sounds pretty realistic without being over the top. You should try it!

At the end of the day Red, you can't speak for anyone but yourself and Mrs Redknight. You don't speak for the BoD, you don't speak for the major shareholders and you don't speak for any other retail holdings apart from yours and Mrs RK's. It's pretty mad that I have to point that out but here we are.

If Barrick or an unnamed party were to enter the fray, they would need to garner the support of existing holders to the tune of at least 50% to be successful. I believe Mather, the Canadians plus many of the small insti's, many of the retail, etc is their best route to achieving this but it's a lot of work and wouldn't be the typical way those attempts work.

I don't believe BHP and Jiangxi will get together. BHP are relative outcasts now. They have been for some time. I think there's a chance that Newmont and Jiangxi could come together but even that is a relative longshot.

You have been rightfully picked up on the desperate mention of Mitsui. Very fleetingly linked with Cascabel 4 years ago but another who seemingly didn't follow up their interest.

I don't need to labour on Mather's and DGR's position. Maxit wanted an exit two years ago, as did Irwin. Middelkoop will run at the first whiff of an exit (he has other plays). BHP has irons in other fires. Newmont is consolidating ahead of the next M&A cycle. The book is stale Redknight and that works against us.

This could quite easily be in a bit of bother if Gonzales wins and the mood music turns against us. Lets hope it doesn't because we've just had 18 months of supportive pro business government and bullish metal prices and our stock is depleted and battered.

PS - how do you know what people are posting when they are filtered? You read filtered and unfiltered boards? Doesn't that defeat the purpose of the filter?