Member Info for Bozi

The elephant is funds. The JV payments go to Unico Minerals Ltd who are not fully owned by Arc and therefore Arc will be restricted in terms of what they can use those funds for.

It's all well and good we're ready to rumble in the Zambian outback but we still need working capital to sustain us through the drilling programmes.

The shares to creditors is a good example of the situation but it brings with it a downside.

Don't expect everyone to agree and that's fine. If you don't, save the abuse.

Good to see the JV complete and the shares rallying but still an elephant in the room here.

Nobody believes you Novice.

Just like we didn't believe we'd see a red dot on SOLG this morning...

Yes we see you.

Are you asking or answering Anon?

Sounds like the latter.

Not everyone is in agreement, me included. I think things are likely to hot up heading into the AGM and some news on government approvals clears the decks for the phased development plan.

Most PIs will come round and re-elect Scott and then on we go towards getting the company sold in 2024.

As Fort likes to say, tick tock, tick tock.

ATB.

That's a shame Bob. Sorry if you had shares in the.

That said, it's par for the course with junior explorers and explorer developers. Running the initial gauntlet of trying to discover a significant asset and then trying to avoid the bigger fish is a job that not many manage for obvious reasons.

The beauty of these companies being public is that we can see what directors pay themselves and we have the option to buy and sell at the drop of a hat if we don't like it.

At.

Look forward to tour spewing when you get a PCN

https://www.wilsons.co.uk/blog/the-rules-of-parking-in-electric-car-spaces

*they haven't been successful in farming out any regional projects to date...

Well yes it is DBW.

Unfortunately SOLG shareholders have form for it. I just hope it doesn't come to pass once again, as it will show that nothing was learnt from 2020.

A final point about news before the event is that the company can only report on what they can achieve.

They have been successful in farming out any of the regional projects to date, nor have they aggressively advertised this within presentations and other media - it has simply been mentioned as an option in some RNS'.

It's much more likely that the company will report on a firming of relations with the new government and the required approvals for Cascabel, this giving BoD a runway to delivering the phased development plan in Q1 next year, at which point the data room parties will be asked to make their best offer.

Oh Fort stop it with the baseless deramping will you. You must have sold all your shares...

It boils down to this.

If you're BHP or Newmont then they will vote based on their own agenda. If they aren't going to make an offer for the company then their priority should be preservation of their investment and securing optimal value. Which achieves this?

- Binning Scott and having Maxit and the CGP lot arrange another proxy in his place

- Trusting Scott to get the approvals from the Noboa administration and packaging the company for sale to the Chinese

If they are interested in protecting their investments then option 2 is the only sensible choice. If, however, they want to create further instability from which they can predate and potentially launch a bid for control from, then they'd be more inclined to choose option 1.

And therein lies the quandry for PIs. Do you want put your bruised ego before your investment and by binning Scott make your company vulnerable to a low ball squashing? Or do you want to give Scott the chance to finish what he started, which ought to be a conduit for receiving something closer to fair value?

That's the AGM. If you vote for Scott then you vote for his team and if you vote against Scott you might as well throw your own cash into the fire.

Haven't listened yet but it sounds like Warren is getting tetchy.

Someone ought to remind him that it's on SOLG to boost their standing in the market with continuous positive newsflow..

In this environment when interest in stocks is lower (due to the returns on cash), the companies that have the most to say win the day.

Who'd have thought that mothballing all operations would have had such an effect, eh?!

Have I got that right?

That's a signal worth taking note of.

Fort - do you really think artisinal miners are running round Alpala right now with their shovels, pickaxes and other small scale mining gear?

You can be sure that Alpala has been properly manned for a number of years now. The camp and infrastructure build out started 4 or 5 years ago.

Tesla - because as I see it, an acquaintance of yours tries to sell you a stock. 6 years ago would have been right amidst the Alpala discovery euphoria.

Instead of just saying "thanks but no thanks" you then rub his nose in it by joining LSE and not so subtly trying to tell everyone else what a bad investment it is.

Does that sound like normal behaviour?

Tesla1 - why are you trolling your mate and long time holder Qalibashi?

Gina R is anything but quiet Fort.

She has pivoted to lithium.

That makes no sense.

So we've consolidated ownership of the project just to let someone farm or earn in?

We're rationalising the work force just to take on an incredibly complex build?

If that article is correct the we all better brace ourselves for a rough landing.

What assumptions was I making about you?

I was asking a genuine question based on your 11:13 post.

It didn't need deflection but I understand if you'd rather not advertise your inner workings on here.

Nice swerve Jezzoo.