Member Info for Bozi

It's not even information in the data room. It's standard stuff that anyone with any experience of the industry knows.

Franco and Osisko are playing the long game here don't worry about that. They're not waiting for SolGold to start shovelling let's put it that way.

When you operate on the levels they do you can make the bets they do. We PIs don't - by contrast we have limited funds to deploy across a portfolio, not streams kicking off cash left right and centre.

Not sure what happened there.

Smick are they your genuinely held beliefs?

Ask yourself why this company is struggling to get back above 10p with a tier 1 deposit.

I'll not share the nasty reality that you and other bulls are conveniently not discussing.

I'm holding plenty of these unfortunately. It may come good next year, but it certainly won't be for £1.15 I'm afraid.

S

If it's a takeover offer BBG it'll be at 15p.

You better hope it isn't.

Pad - take it a look at the performance of Middelkoop's fund.

You'll quickly reconsider where there is more value from the "clowns".

Personally, I've little time for Willem, just like I've little time for Irwin.

Back yourself instead.

You're in such a frenzy you're struggling to interpret basic information.

The next draw is early next year. The final draw is in 15 months.

The information is all there BBG.

The next tranche is due early next year, as soon as they box off the geotechnicals drilling and the TSF plans.

The third tranche is due in 15 months when we have..... Submitted final permit applications and other documents.

The question is how quickly Noboa will turn this round if we stick to plan.

I don't see the benefit of announcing it.

If they said it had been accelerated to 12 months then everyone would be counting the days to September 2025 and if the government didn't come through or the application needed amendments then there would be uproar.

Those who rely on the strong share price and liquidity want this information public. Those who don't have more apathy. That's the long and short of it.

BBG - why would an updated schedule have a positive impact on the share price?

I agree with SOLG that the schedule is fairly immaterial to the SP and I'd want to keep it private too (I'll let you work out why).

All that matters is we get the permits. That's what is material to the investment case.

Nobody comments on the share price in the annuals other than to compare it to the previous year.

BBG - please can you regain the plot, and quickly!

Thanks Add.

So financially he's sitting tight. Interesting.

So DGR are in breach and Choice could give notice to them if they so decided.

But as of yet, they haven't pulled that lever.

I'm not sure what is going to give but if Mather is waiting for an exit from SOLG, I don't think it is going to come in time.

I'm assuming the suspension is because they're going after a stop gap raise or loan of some sort.

Smick, 60p isn't cheap. This is what I'm trying to tell you. That is basically £2bn.

Be wary of BB members dragging your expectations to the moon. There's a multitude of reasons why it's going to be difficult to reach it.

We won't though Smick.

Just look at the parties involved. They're aging, some have urgent cash needs.

Retirement is the game, not building a mine.

Nobody has displayed any form of aggression. Jiangxi happy to sit in the background.

I'd be ecstatic with BBGs 300p. Every single one of us would, but we've got to be honest with ourselves here IMO.

$200/oz is the going rate for M&A.

Look at our gold resource, factor in recovery rates, subtract amount already spoken for with FNV/Osisko and it gives an idea of where corporate action may be if we get lucky.

Then subtract your discounts for technical and geopolitical risk and we're back down to 40-60p.

It's actually a case of taking 10.5p here and now today. Anything else is just a dream, and in the case of BBG and his 300p, a complete no hope.

Don't get caught looking to the sky. You might step in something.

I'd hope so Add but I suppose that anything less than a 65p outcome changes that (assuming 10%pa growth from the 46p highs).

I'm a bit lost as to how you can blame Mather, Add. BHP made a proposal to challenge Newcrest if you recall and it was rejected. It was BHP who then started knocking on the doors of our significant shareholders at the time and it was their call to a Scott Caldwell led Guyana Gold fields that was ultimately successful at 26p and change.

Would you have not taken the £45m at 45p funding? You've got to admit surely that was a great raise for retail having BHP increase their stake at 10x what many PIs were buying at.

For balance, where Mather does deserve criticism and where he possibly doesn't get enough is for the initial PFS which was totally unrealistic and not at all feasible. That should have been canned almost immediately and the fact it saw the light of day harmed us immensely.

Do your comments apply to the management of Filo and Cobre who are both subject to a BHP transaction of some sort at the moment? Just interested to know if the BHP stance is SOLG specific because as much as we might not like it, BHP have their feelers in at every level of the market and virtually any jurisdiction on the planet.

It's everything to do with the register and price Add.

If Mather didn't exist and his shares were split between 1000 different people and entities, I'm fairly confident in saying this company would have been sold for 20-30p years ago.

The fact it isn't is testament to Mather's party. It is just about significant enough, with others, to block a substandard proposal.

So the matter of who holds the stock and how much this control is definitely a factor here.

BP1234 - that depends on whether anyone wants to go up against the companies mentioned. Anyone not holding any stock starts from a position of weakness, i.e. they have to pay more for everyone else to cash their chips.

It's also not an optimal time right now. We're waiting for the amended IPA and we're in the middle of tailings and geotechnical work.

The earlier window pre-financing would have been opportunistic but it was there. The next clear window to get round a table is surely going to be once we have received the agreement and we have made ghe application for the final permits.

In the meantime the majors will build their cash piles and tie up any loose ends on existing deals. The trick will be looking to see who does that best as it's they who will have the box seat for SOLG.

CovGaz - everyone's patience is being tested because not many have patience.

All the bulletin board has discussed for years is the prospects of a takeover.

Really, people need to forget about it for a year. Forget it completely. If it happens out of the blue, great, but don't expect it.

If people listen to CEOs it's easy to get a feel for what happens behind the scenes. In my view, there was a window for SOLG M&A just before the financing with Osisko and FNV. It didn't happen. Window closed.

The next window in my view will be next year IF Scott can keep the ball rolling.

If you are wondering what this view is based on... well BHP have busy and have a bit on their plate. Newmont have too, and they've now come out and said they're doing nothing else for now.

The key for SOLG, again IMO, is to remind the market that Tandy is our open pit. We need this factored into the DFS if that's what we're doing. Alpala is well known and the resource can be relied on, but a strategy is still needed to start getting revenue coming in whilst the block cave at Alpala is constructed.

The spot environment is encouraging and can't harm our economics but we need to keep a view of the bigger picture.