Member Info for Bozi

PBow - surely Luisa has improved her representation as well? Who is that at the expense of?

I think the fallacy here is believing that both major candidates are definitely a friend to mining. From what I have read one certainly is. The other may need to be sweetened.

Don't you love statements like Major Tom's? All bluster and no substance.

One good reason why someone would launch a bid with an election up in the air? Anyone?

Even if Noboa scrapes home his mandate has been eroded. Going to be difficult to get things done in Ecuador for the next few years.

If only Bob had managed to connect his bat a couple of years ago...

SolGold doesn't trade on Aquis ffs.

Panda - Mather had the tailwind of a copper porphyry to help him. Besides, if Scott has options at 17p, why wouldn't he want an SP of 30/40p+?

There are loads of reasons all excitement and froth has disappeared from the SP.

When you start seeing three or four iterations of a PFS on broadly the same resource alarm bells start ringing.

Companies are competing for what is a limited pool of investor capital. In an enviroment like this one it concentrates on production stories and discovery hunting, i.e. there's not much for the development stories in between. That's clear to see. If you can't see it, I can't help you.

Panda - you seriously think a bit of promotion puts the company back into the 30s or 40s?

It does not.

It doesn't matter how anyone tries to spin Cascabel, everyone knows where it is situated. Everyone knows that it's a long lead job of they go straight for the block cave and that brings high capital intensity.

Prior to the merger, virtually everyone was saying sell it and sell it now. So they tried. Bob and Dan tried and they failed. They wasted 12-18 months and the SP crumbled in the meantime as a lack of exploration catalysts emerged.

The reality is that we need to get the AIPA/CIPA sorted to remove some of the geopolitical risk. From there, they can start to ramp up the promote and really get the Tandy/Blanca bootstrap stories going. That can help push us back to 15-25 and hopefully start thinking about some regional exploration again.

Shouldn't you be InvestorKoala by the way? No pandas in Byron Bay are there?

Jonny - you're missing the point.

It's well known that Mather wants full value for this. That has never wavered and in fact it's a reason why some folks have backed him.

Taking this right back to pre merger, the dynamic has always been that SolGold wanted to derisk and maximise returns, build a multi-project company (hence Porvenir discovery) whereas the Cornerstone group like Sangha, Irwin, Charmandy etc all wanted an exit. There's nothing to suggest this has changed so you have to factor the dynamic in should the company go in-play.

Those bids were almost 10 years ago now. That's a long time for reflection, attitudes to change etc. Less than 40p was unlikely to get through during the exploration euphoria stage but now amidst a boring development process it is much more likely to be taken.

These people aren't stupid. Jiangxi and Valuestone have held shares for a few years now. They'll know what their strategy is, and maybe we're finally about to see it play out.

Hyfligman - is it a good thing, hypothetically speaking, if Jiangxi offered 25p/s and Newmont waved it through, say because a prior agreement has been made between both companies to do a Lundin/BHP Filo tie up?

Add Jiangxi's 6%, Newmont's holding, Valuestone's block, Scott's and Bob's and the majority of the CGP crew plus a chunk of retail who have been averaged in single digits and don't want to miss the boat again. Mustn't be too far off 50% at all.

That means BHP stiffed, Mather burned and retail who wanted 50-70 all on the losing end.

If you've bet the farm at 6-8p in recent weeks, such a quick turnaround is palatable. If you've been holding 5-10yrs ,its a disaster.

What do you think?

Roge - I'd have no problem trusting a Chinese person before I ever trusted you.

If they're held by different entities what is the problem?

I really don't understand your apparent desire to trash every other nationality or creed at every opportunity. Us Brits aren't exactly the beacon of perfection. Glass houses and throwing stones comes to mind.

Haff - that is what exploration is - trying to prove theories. At least they were always diligent with treasury and good with promotion, Mike Moles in particular.

Instead, we've paid millions of pounds (in paper) for a set up that is barely a step up on the local artisanal miners, producing little more than a few thimbles of gold. Just look at the results in Zim at 30/06 - $41k profit.

Lets generously say KAV comes out of Zim with £200k profit for the year plus exploration ground in BOTS that isn't yet delivering. A fair mcap for this company is now £6m at most.

It's no wonder this is sliding down from 0.8p. It probably won't stop this time until 0.25p.

Roge is correct, it's all in the MAR.

As for the asset, or the reason we haven't already attracted a premium offer, the issue is well known. I've mentioned it on here before. Clue - refer back to the company strategy and you'll see they are trying to address it.

Rush - forget Bob the bat wielder and his corporate guff. He's not important and never has been.

The important people were in the room last night if we are going to achieve a result from SolGold.

It's about pushing on through the FNV/Osisko agreement and getting as much done as is possible. Then and only then, may Bob have a role to play, if he doesn't bugger it up.

Not a me problem at all. I knew exactly what I was buying, did extensive due diligence, etc.

The old management team were fine, until Ben arrived and painted the picture that they'd run the company into the ground and he was the white knight riding to our rescue.

I'm quite happy with my exposure and the level of risk I've taken. I will however continue to raise the flagrant stock printing over the last couple of years which has been utterly excessive, even for a junior exploration pure play (as KAV were).

If you don't like that, that's a you problem. Unlucky.

There will be an exit RedRoger but with each passing month the prospect of it being 'competitive' reduces.

The thing about voting against Scott is it gets you nowhere. He's just the chosen face. You can get rid of him but that just puts SOLG back another 6-12 months whilst they find another to play the same role.

The_Truth1 - You'd have an axe to grind if you'd watched Turney wrestle his way into the management team only to end up in the top job where he has done nothing but dilute investors and provide mediocre results.

Sounds pretty grim from yourself Rodge.

They could Add, but I suspect they owe Peel Hunt one after dropping out on them late last summer.

Anything else is fanciful at best.

Red - so you buy low. We've ascertained that.

Do you sell on spikes?

If so, you're trading the shares. Stop beating around the bush and just own it.

They should be drilling TAM and drilling regionals to add resources to the company's asset base. In turn, that may boost the SP.

You can't just look through the lens of the share price. It isn't all that matters to most management teams.

Add - they are probably coming over and having a chat with Peel Hunt. Timelines have probably slipped and they may not have enough cash to get through until they've ticked off the phase 1 milestones.

It's rather concerning they've wasted an opportunity with RedCloud that they probably paid good money for just to chuck out the same old weathered presentation. What a waste of resources.

Very disappointing.

Red - why were your questions framed around "spiking the SP"?

Whilst it may be your priority, it isn't theirs. It never has been.

I think you'd stand a much better chance of getting somewhere if you didn't make it obvious that your only concern is being able to trade the shares.