Member Info for Bozi

... expected to provide more resistance.

The proof will be in the pudding. Will Jiangxi and BHP share the cake that is Ecuador at some point down the line?

The other option to SOLG would have been to raise but without checking the headroom there probably wasn't the scope available and the dilution probably wasn't fancied by management either - why should they pay?

It wasn't that the book wasn't diverse, as some like to throw at Quady.

It's the fact the book collectively turned on the management.

If we believed many of the seasoned posters from down the years, Jiangxi should never have been able to get BHP and Newmont on side. We knew the latter were likely to be sellers (talk about going early on their divestment strategy) but the former were ez

Sorry to kill your joy but it's the arbitrage players stepping in for their scalp.

I'd let the Russians right on through.

"Have a mosey on down to the King's Head fellas. Look for the chap staring at the barmaids norks.

There's enough go in that one to wipe the lot of you out."

Believe nothing and no one unless it's Rupert Lowe.

Attaboy PS.

Climb down PS.

You've spent months telling everyone this was a gold asset.

Under offer to a copper major and a eastern one at that. No wonder you're so triggered.

No news is coming. No counter bid is coming.

Our glorious tier 1 and a substantial prospective land package all gone for 28p.

Some BB members are still going through the grief stage despite me telling you all for 3 years this was going to happen.

At least Fort seems to be on the right side of the discussion.

Thanks NMM, you too.

I don't disagree that the CIPA would have been a big news item had it dropped a few weeks ago.

Jiangxi have struck in its absence, clearly quite confident they can make their own arrangements.

Hi NMM

With respect, that's partly fact and partly opinion.

I don't share your view that operational newsflow creates potential for a new price level. The only thing that does is a superior proposal.

Lets hope one of those arrives. All the best.

I'm well aware of that, Smick, but I'd be wary of billing that to be a huge stumbling block. After all, you're well aware of the dynamics in play here.

My conscience is clear. I've been realistic throughout without providing advice on what anyone should do with their shares.

All the best to you and yours.

There's a lot of hopium on this BB.

We're now approaching Hail Mary territory and people need to understand that.

I'm certainly not surprised to see this firmed up this afternoon. I said it would happen a couple of weeks ago and unfortunately have been proven to be spot on the money once again.

Have a good Christmas all. Hopefully there's a few quid in this for most of us, and for those who got caught wrong side, my commiserations. Tier 1s can and do go cheap when circumstances dictate - ignore the noise going forwards and listen to those who are invested but objective with it.

So you agree Rich3r!

I just think it's a bit rich to beat DV for his options.

We all know how it looked last March when he walked in the door and we all accepted it because we had a company struggling to get off the deck during quite a bullish run for metals.

We knew what it meant and what the implications were because nobody hid it.

It's about timing this game. I dare say those who got in back in July are quite happy with their 3 bags in 6 months.

I think the bigger issue here if no superior proposal requires is that there are other, inferior assets to Cascabel, where the companies have also enjoyed 3 bags in the last 6 months - in fact, there's one in Canada that has had similar performance and they haven't released any news since May! They're all quite fully valued now, so SolGold needs a superior proposal if we're going to be expected to wait 6 months and bear the opportunity cost.

Come on Dan - supercharge those options and get a result the asset deserves.

Far too sensible Rcgl2. That just shan't be tolerated.

Add - it might have something to do with the other kickers that Maxit will get for a change of control, given they've had various agreements with SolGold for advisory services down the years.

Plus it's Bob Sangha. He's not a hard character to read, but many on this BB failed pretty miserably.

Rich3r - whilst I certainly wouldn't disagree that we have had periods of radio silence at times down the years, I'd stick my neck on the line and say SOLG news has been pretty plentiful since the second tranche of funds was received in July.

We've had regular Tandy drilling updates, the Cascabel PEP, and more recently the corporate stuff relating to the preliminary offer.

There isn't much more that can be said until after Boxing Day.

You have to be wary of folks suggesting SOLG have a barrage of newsflow lined up for bid defence purposes. Tandy drilling is ongoing, with a further rig being deployed, but the work to integrate the deposit into the Alpala PFS isn't ready yet - the company has been clear about that being a 2026 workstream.

We've got to just bide our time. Try and enjoy the festive period and wait for Jiangxi's next move.

Fort likes to compare us with Solaris. Solaris have always been a retail favourite on TSX. That's why they're trading at a full valuation. It's about finding those stocks and holding onto the coattails. SOLG stopped being that stock a while ago, but we all hung around believing a tier 1 asset would get us through.

They all sold out Fort!

It was probably that lot and Warren selling that helped land us at 6/7p

He's the owner of the company that did much of the Alpala discovery drilling.

Don't think it is Add.

They can make an announcement on their market and they can also communicate with management to make their offer binding.

Suspect there will be a lot of folks by their beds at 7am on Mon 29th.

Rich3r - whilst I don't completely buy into your point, I'm going to take it.

When I last looked at BHP a couple of years ago I didn't think their financial position was quite as rosy as some others did. I certainly didn't have them ready to splurge £1-3bn on SolGold as their MO was and presumably still is to acquire assets closer to production.

They went and committed a lot of capital to Oz Minerals and that did show us which side their bread was buttered. Indeed, SolGold acted accordingly by bringing Jiangxi into the fold.

Put yourself in BHPs shoes for a minute. They either need to find a couple of billion quid to put a fight up to Jiangxi and then the same again for capex or they take a modest loss on their SOLG investment and push on with their current portfolio.

I couldn't fault them for plumping for the latter, as much as it pains my portfolio.

*divesting - auto correct.