Member Info for Bozi

So how do we fix it Jezzoo?

Elect a far right government that is going to drive half the country into the ground and let the other half, their half, muddle on through?

I'm assuming Braverman, Badenoch and Co?

DBW - if you had the pursestrings of a Jiangxi or BHP etc would you want to make an offer before SOLG secured significant mine build finance or after?

I know which I'd prefer.

I'd go as far as to say it could drive a wedge back between key stakeholders of the company, a wedge we hoped and believed was removed upon the merger.

Just how I see it.

Why will it DBW? I'm not so sure of that read to be honest.

PI punters are wagering on a takeover. They don't want a JV and they certainly don't want that thing that you and others said could never happen. The P word that becomes much more of a possibility if someone decided to fire the upfront Capex SOLGs way.

It's a nice thought and there's a barometer out there in terms of a recent deal but if we're being honest it's not one that many want and so I think such news would see a PI exodus as it kills off a bid for the company.

Ah, so despite the bluster you've had no winners the Fort.

Thanks for confirming.

You do like telling people they can pick em Fort.

Remind us again the last winner you had? We'll wait.

1984 - do your employees scratch their bums?

It depends IMO DBW.

In any change of control proposal where party 1 offers 25 then party 2 offers 35. That's through the £1bn valuation. Party 1 can only come back to the table if they're offering 45-50.

So very quickly two parties mean a 100% premium. This is why what happened at Noront happened. Add in the Wyloo and BHP dynamic and that helped Noront shareholders get top end.

It's not necessarily something we can necesssrily rely on with SOLG unfortunately.

My own thinking changes but one thing I wanted to challenge was this incredulity at Maxit feathering their own nest. It's to be expected. What else are they supposed to do?

The broader point for shareholders now is whether they manoeuvre themselves into a favourable position or whether they just let things play out from here. Fundamentally we know where the line in the sand is and we can forecast scenarios should the company reach that line without a resolution. But ultimately it all boils down to what I mentioned earlier. Do we want to force the asset into someone's hands for whatever price we can get or do we want to keep progressing it to turn key status for suitors to fight over it coming out of a recession? It's the latter for me.

That's all been known for years. Why is it so much of an issue now?

In what way do you think you can force Maxit's hand? You can't. The horse has bolted, you're about 2 years too late.

There was some of us on here who urged extreme caution years ago when Mather was painted the villain and Cornerstone were lauded as the heroes. I know you all remember it.

We all saw what ensued with the merger.

Some of us were panned as having sold the stock when we dared speak of suppressed takeover prices etc.

Looks like it's finally dawning on folk.

The top money has gone. Best thing anyone can do is position themselves to make a decent return at 20-25p.

Fort certainly fancied Maxit to get the job done until recently.

I wonder what has changed his thinking that wasn't known about before?

Eloro - you're quite right. It might well be that we need to endure a bit more pain if the markets go into a recession driven tailspin but coming out of it we'll be a stronger business and one ready to drop a tier one asset into a structural copper deficit.

That will give us the best chance of achieving a NAV based offer and it's much rather that than trying to firesale it at the lows.

It's been known to happen DBW. ;-)

It really is.

It's good to see price picking up here.

Personally, I want to see Ben (and maybe Dave Catterall) explain why the next drilling campaign at Karakubis could improve on the results from the last attempt. I want to know what the geological hypothersis is.

We need to move away from saying something us a million siemens and that has to mean massive sulphides because anyone with half a brain could see what was coming.

We need management to wise up and tell a story investors can get on board with because they will need to.

In corporate terms, whilst we can be sore about the Purebond terms it does set a stall out. They either do well and so do investors who averaged down or they don't and they end up throwing their good money after bad, which is obviously up to them.

What abuse, Sean? Some of us aren't members over there and simply aren't interested. Besides, what do you want people to do - rush to your beck and call to back you up?

If you think you've ratted the Slug out then it's of interest to people over there. People over here either humour him, filter him or get him banned.

I haven't deramped or sold anything (all I've done is defend myself in the face of BS from you and Fort), nor am I holier than thou, but after a period of relative inactivity and general market malaise that has seen the SP slide to unprecedented levels, do you not think it's time to have both eyes on your investment rather than picking silly battles?

The company releases an RNS yesterday and bar Addicknt and one or two others, everything else is personal squabbles.

What makes you lot think that anyone gives two hoots about your arguments on another site.

How about keep them over there?

Some of us would like to discuss the company and it's prospects but today's posts are all ego trips and personality clashes.

Personally, I'm pleased to see the pressure under the SP subside slightly. I think yesterday's RNS should have calmed shareholders insofar that the forces of supply and demand will do what they will but amidst all that the company is getting on with the job.

The main focus now should be the upcoming AGM, supporting the board and getting the job done in Q1.

It hasn't steadied the boat because someone is still rocking it though.

That update today, IMO, should set all PIs to a certain level of ease, one that makes the current SP look pretty attractive.

Scott and Co need to go and get the job done of course. Delivery is what matters, but they know what they need to do and when they need to do it by.

The rest of it is just market movements.

Fort, you had so much to say to me of a derisory and condescending nature when I dared to question Bob and Maxit some 50-100% higher than current SP.

Is it about time you offered an apology?

Good update. No new news but a perfect snapshot of where we are and why.

1984 - I wasn't really referring to those with DMA but I take your point.

I was talking about the many (not the few) who deal through bog standard brokers and platforms.

On book the buyer is the market maker. It's not market demand. Big difference.

1984 has air fryer shocker.

Thought you'd be cooking from your pit in the garden.