Member Info for Bozi

Fort - you've given new management, i.e. Caldwell a year to produce an event bearing in mind he has started with a bloated company, a PFS that didn't really wow anybody and a geopolitical position thrown up into the air by questionable government practices.

Do you have any real appreciation for how long things take?

It was never ever a case of walking in here, putting a bow on the company and prepping for sale in 3 months. That just isn't realistic.

Communication to the market has been less than what we all want but the strategy taken meant that newsflow was going to shrink. Would you have rather he gone the other way and fluffed the market with news all whilst going round in circles in the background?

To be fair to Scott he is trying to break the SolGold wheel. With the monster that is Cascabel that is no mean feat but some investors are completely misreading what is involved in getting this from where it was to where we'd all like it to be.

Reading between the lines, I'd say we're closer than we (you) think.

Eloro - at this stage, I disagree.

I would guess that someone could make a move upon the publishing of an attractive phased development plan and the indication of financing being achievable.

If we sided with BHP then you'd have to wait whilst they pushed people into the positions that matter. More wrangling, more politics, more heave and more ho.

And that's without begging the question of how much BHP would buy us for.

If getting sold pronto no matter the outcome matters so much to you then you might want to review your position.

add -seeing as it's this company i'd probably reserve the right to vote myself but the other part of me is saying delegate it to them because the options will be cat**** soup and dog**** pie anyway.

scott is ****ing in the wind with the special. absolute waste of time.

it failed at least twice before so what makes them think they'll get it through now?

pis will vote it down without realising the intention of it!

As a technology afficionado you know what a data room is.

It's a part of the website that is locked to authorised parties only and behind that login is all of the maps, photos, drill results, resource estimates and everything to do with the current iteration of the PFS.

So van Barneveld has Mather connections because they're both Australian. That it?

Any links to another Mather business?

Can't argue with any of that Jerry.

I don't think there is a timescale on it Jez, but it's hard to see it completing before the phased PFS plan unless someone makes it worth our while.

Eloro - consider those paragraphs together.

How can Scott run an auction if stakeholders have plans to mine?

Stakeholders like Jiangxi or Newmont will want to ensure every box is ticked before they push on with their plans so that's what Scott is doing whilst operating the SR. He's trying to produce a turnkey asset that will bring a better valuation.

DBW - agreed but think he has to. The threat of attack is always there and the moment he steps away he knows the floodgates will be one step closer to opening.

By the way Eloro, if I wasn't clear enough then let me be explicit.

I am 1000% sure that BHP being not just on board but in the driving seat would be a terribly bad thing. They'd be in pole position to enact the creeping takeover that Twigger warned against a couple of years ago.

He (Twigger) might have raised a few eyebrows at times but those comments were spot on.

It's time to stop worrying about the SP, but give Caldwell the time and space to deliver the two big objectives and then we can reassess.

Add - you're probably not wrong. You've got to remember though that you've a career's experience in company life and standards and he turned to the game much later and from a completely different background.

Eloro - I wouldn't like to put a number on it but you've got to factor in what events might look like if Scott was binned and Bob/Maxit's influence curtailed in favour of new blood.

I mean, if events took a turn that the current incumbents didn't like, what would stop Bob selling his shares, Irwin selling his and maybe even Mather selling his? That would crush the SP. What would then stop a new management team raising heavily dilutive finance in Q2? Not very much to my mind.

It can always get worse, and lurching from strategy to strategy and team to team is one way to do that. We decided Mather wasn't the way forward so Cazzubbo took over. However, he led to management having extensive links with BHP and that was eventually recognised as dangerous. So we moved on to Caldwell placeholding and that just in the last 3 years. But apparently we want a 4th set of management in as many years?

It simply can't be allowed to happen. If it does, the conditioning will be complete.

"Sack the lot, suspend the share price pending an auction sale and let BHP, Chinese and the other 18 interested parties slug it out... with a deadline auction date for bids."

Never going to happen Fort. That's just not have the market works.

You can sack the lot, sure, but we end up significantly weakened vs the point of merger. From a corporate perspective, the moment the Mather/Sangha/Maxit axis loses control here then it is lights out for us all and 8p probably won't end up being the worst of it.

That's the issue here. By allowing emotion over operational matters to influence voting intentions you are threatening your own investment. Playing straight into any unscrupulous vulture's hands I'm afraid.

If SOLG sells for £1bn and Maxit pocket £25m then it's 2.5%. It's par for the course. You either have them involved and hold your nose or you leave yourself open.

Add-certainly has a whiff about it of buying votes for the main man.

Can't say I'm against that at this stage.

Tesla - I get that a couple of people rub you up the wrong way. It's human nature - we can't all like everybody.

But Rodney is right, and more to the point, I'm sure people would appreciate your serious viewpoint at a time like this even if they don't agree with it.

Tesla - allow me to make the observation that the level of joy you're showing seeing people under water on their investments is a little bit sad and dare I say it, demented.

It's also oozing out of your posts today and it's not a good look.

I say that as someone who made a similar comment once upon a time that I would be glad to see people lose money after the vote to oust NM. That comment was foolish of me and one I regret making now having had the opportunity to see the effect of the value destruction.

I get you don't really rate SOLG, you don't see it as an investment and you don't like how some investors communicate. That's fine. However, there are some good people here feeling the heat of the markets and some questionable management and they don't really need you rubbing their nose in it.

Add - I do, but to coin a Cazzubbo phrase, there's a element of plan B be getting plan A about it.

We decided to stop pushing new cabs and instead we're repairing and painting the old cab before we send it to auction.

1984 - that's just your view though. I don't know how anyone can justifiably hand the keys back to the same rabble even when you consider what has happened over the last week!

That said, new lows of state behaviour and standards are being normalised all the time.

I do however believe that this lot have used any pass they may have had, and I'm not saying that to wind your or anyone else up. For example, I don't think I need to ask for your view on Sunak's claim that he halved inflation.

People have had enough. If they vote for something more terrible it's because they've been driven to it. I'm not faulting them.

It wasn't an issue for you when the merger was announced Fort. Why not?

After all, Maxit have previous here.

Your argument is slightly contradictory. Let's go ahead and vote Scott out for example - what happens then? Maxit appoint another proxy and charge themselves another pretty penny for doing so.

The options are therefore to keep with Scott and hope he can sell it in 6-9 or bring a new CEO and BoD in and reset the clock to 18 months+.

That should tell you who your turkey is.

Add - the director argument is garbage but I can understand the general sentiment.

Do you not worry about what the path might be to a sale back in the region that many were initially expecting - say 40-60p (60 being close to the analyst' average)?

For me, it means SOLG needs to survive and keep itself solvent for another 9 months. We need the phased PFS to be water tight, attractive and generally not far short of definitive in its standard/bankability. We're going to need commodity prices and sentiment to move and hold in our favour and after all that we'll still probably need a competitor to the first bid.

That's a lot to hope for unfortunately.

The problem for Fort is he has gone from being the most bullish chap on his to the bearish. There's no in between. There's little to no nuance. It means he understandably gets picked up on for extreme views on both sides.

I do hope we can all find some peace where SOLG is concerned and quite quickly. Many of us have gone through the wringer in recent years with the way the company has been managed and it's about time it came to an end.

For me, if Scott and Maxit aren't going to sell it, step aside and let someone else come in and push it the Quady route.