Member Info for Bozi

It's a bit of both.

He has sold 240k shares since his last notification on 2 November 2022.

https://www.lse.co.uk/rns/OBD/holdings-in-company-qaojeqfecdc9rkh.html

The dilution of this fundraising has also taken him under 3%.

I can't comment on the reasons but I don't believe it material to the company. All board members and management are buying and it could just be that he's using stock sales to top up any salary.

I think one thing we can surmise is that the need must be great with the share price down here particularly given what is coming.

Fair Add/DM. I just don't think it stops them from showing a bit of decorum and keeping the basics up to date.

One Secretary/IR type should be capable of just doing the bare minimum.

Have they announced it Add? It looks like they've just been slack by over promising within one to one comms which have subsequently been shared more widely?

I mean, how can they advise (on more than one occasion) that the website will be updated within 3-4 days or a week if we want to subscribe to the alternative theories you mention?

Any capable manager gets to this stage and says push the new website out there now. We'll update it again when we practically can. Yes we are doing the work twice but rather that than give them impression to the outside world that we're complete imbeciles.

You can't fault investors for doubting how they're going to progress a tier one deposit if they can't bring in a new website or keep the old one up to date.

The website has clearly just fallen by the wayside because there's nothing material to put on it by way of changes.

Nothing is happening at the projects. We can't even get an update on what we're doing at Bramaderos and the other previously CGP held properties.

On the notifiable investors, I think we can assume it is as per the latest TR1s. There's no excuse for SolGold not updating that regardless of a new website being in the pipeline. It's regulatory stuff.

It's no surprise really that as SolGold can't be bothered communicating with the market that the market can't be bothered with the SolGold story.

I sincerely hope we're all going to be suitably rewarded for holding this duck.

Bang on DM, unfortunately.

Eloro - you think it's FMG based on what?

One of us here is throwing names up into the air under a thread set up primarily for speculation.

One of us is cautioning against unsubstantiated rumour. I appreciate I might be coming across a bit heavy but I'm naffed off. I want to see something tangible from the company, not necessarily sale news, but I want to see this updated mine plan.

It is absolutely not good enough for Scott to call a strategic review that disappears into the long grass, bring Bob and Dan on board who produce nothing in nearly 12 months and then let slip that there's advances to Cascabel coming but then not say what they are or if we'll ever be furnished with the details.

The time is now to stop waving our fingers in the air and rowing in behind Fort. This company needs holding to account.

That's because one outlook for the company is quite negative Eloro.

With each passing week that the company shows no sign of delivering value for shareholders, that negative outlook looms into view.

Focusing on the asset as Fort suggests is utter bunkum. A tier 1 deposit does not equal a tier 1 mine. If it did, we wouldn't be sat at a £425m valuation for our 100% interest.

Gandy being Tandy.

Eloro - how is SOLG way ahead?

We have a large deposit but the current studies we've spent years carrying out don't provide a viable way of extracting the resource. Gandy was sought to provide early ounces and we're still waiting to see if this discovery is big enough to prioritise via an open pit.

The other two you mention may well amount to nothing - no arguments there - but SOLG could easily amount to nothing too if we're not careful. Debt funding in this environment is a no-no for obvious reasons so it has to be someone with a lot cost of capital that has the appetite to take on the political risk.

I'd be wary of attributing what we've seen to 'delays'. Things are moving slow and price is down here for good reason.

What is there to be positive about Eloro? The SP is languishing at 15p.

Can you explain why you are vociferously negative about the management of another company we both know well yet you're looking for positives here? Both companies are in comparable positions.

Some shareholders are fed up. They are harnessing an average of 20p+ and god forbid 30p in some cases no doubt. It's hard to accept such a destruction of value given we have this tier one asset, which, by the way, isn't as fantastic in this tightening environment as it was when interest rates were next to nothing.

We essentially need someone with a spare £5bn to pay us and then build it. The list of interest suitors will be short.

I think you're right Add.

A JV possibly sets the starting gun on a race for the door. The CGP investors aren't likely to want this outcome and PIs would get caught by the stampede.

That pushes us towards an outright sale. All that remains is whether we'll see a spin off. I'd still favour one but I suspect we probably don't see it.

I struggle to believe that a rumour is going to bounce round retail investor bulletin boards and then some sort of offer is going to be recommended by the SOLG management.

Remember that SOLG aren't obliged to make us aware of every proposal they receive, just the ones they think shareholders should accept.

If there's anything of substance here then management need to work on getting the SP up from which to provide a better base.

Remember, we're talking about Cascabel here, not Eagles Nest. Plenty on here quickly to band around tier 1 status etc so flakey rumours at 14/15p don't fill me with with confidence.

Even if you do the sums on a JV, it just doesn't stack up. For example, 15% of NPV + £150m in lieu of historic exploration costs leaves us with about £600m. That would give a special dividend of 10p maximum and potentially less.

The more I think about it the more I worry that Bob and Co are yet to find something substantial from the SR.

1982 - it's the retail trades I'm talking about really. All those who cashed out earlier in the year or on the 22p high who might now be looking for a fresh position.

I don't know enough about the auctions and uncrossing trades but my guess is that's the insti's moving larger blocks around. I'd be expecting more widespread market excitement.

I share your sympathy for the spivs, especially the tory ones who believe the ulez is a Labour mayor running amok and not a policy born with their party and expanded on by those is a different shade of blue.

*trading volumes picking up sharply.

Good luck with your purchase SM.

Add - I think it's possible that nothing has emerged but I'd hope it's not probable.

I agree with the point you're making and hope you're right. However, I'm wary of the source of the rumour and I'm wary of others trying to corroborate it. I strongly believe that had the murmurings had substance, trading volumes would be picking up shortly and the SP trending back in the direction we want to see it.

Spontaneous would have been best I agree. SOLG certainly struggles reading the room on sentiment and trust in the story given everything that has gone on.

Surely, if this rumour had any ounce of credibility and was a poorly kept secret, we wouldn't be struggling to break 15p?

It wouldn't take a whole hesp of buying to get this back towards 20p - maybe 10-20m shares assuming little selling. That is a day or two's volume where buyers are returning in numbers.

It doesn't pass the smell test for me, yet.

It's just in previous RNS'. The amount he is quoted as holding on 25 August (6,603,082) is the same as the holdings RNS released on 31 October 2022.

I'm not in touch with any brokers but the last update in the results RNS was optimistic of all being on track with the following comment:

"We are delivering on these plans at pace, with an anticipation that is clearly shared by the many physicians who have already requested the PSE test for their patients. With several US-based laboratory staff already recruited, we remain on track to complete equipment installation, technology transfer and test validation in time for the planned launch in Q4 2023."

There was also an interesting snippet on the use of EpiSwitch in relation to what we know as MND in the UK which the market is sleeping on.

I don't offer advice when I say this but OBD represents, in my view, one of AIMs home runs. Commercialisation is the challenge and progress is often steadier than the market would like, but on what we know this should be on every watchlist in advance of Q4.

Bufflehead - my understanding is that Dr Akoulitchev hasn't sold any stock. His shareholding is the same as the previous notification last October.

It looks like a poorly completed TR1 and the % change is simply due to the placing shares, a fundraise in which he didn't participate.

Add - I'd be surprised and shocked if they weren't fully aware of that.

I think it's just an issue where they can't be seen to kick the can back to 2050 or later. That's what the collective shoulder rubbing at the COP conferences achieves I suppose.

Bonkersman - he stepped away when his company, Guyana Goldfields Corp, sold their stake in SOLG to BHP.

I presume they had a right to nominate a director when they invested and a sale of that stake removed that right.

He's back now because he's the CGP/Maxit proxy.