Member Info for Bozi

Fort - I'm not going to mention my other holdings here but Needless to say, both companies have huge upside potential over the next 12 months. Much more upside potential than SolGold. That's the aim of the game isn't it?

How has SolGold progressed Alpala in the last 12 months? PFS was last May. Gandy drilling stopped months ago and won't be resuming.

The stunning project has you put it, has virtually been mothballed whilst efforts turn to trying to flog it. Stunning indeed. Stunningly stunning.

Let me know when you're ready to talk about that post tax IRR of 19% whilst our management is going doing royalty deals with every Tom, Dick and Harry. Stunning.

Not to mention that exploration cost per lb which is climbing beyond recognition given that the company is frittering away $80m on sacking people, moving executives, closing offices and generally shutting up shop. But no bother like Osisko and FNV know they get sorted ahead of us.

Meanwhile, gold price is struggling to break out despite worldwide financial turmoil. Copper prices are sagging as an indicator that global recession is coming.

Super time to be invested in even a company like SOLG with two quality assets and a regional pipeline that would make majors weep.

I appreciate that Addicknt and I agree. However, I've got to admit that I'd be slightly concerned if I was pro-takeover in 2023 to see the company push out plans to develop Cascabel further via cost savings initiatives that don't amount to studies with a view to securing project finance.

I mean, what are we supposed to take from that? I can't help but think it's the company's way of telling the market what the outcome of the strategic review is without surprising it. I'd be of a mind that the strategic review should be extended ad infinitum rather than have that outcome actually communicated and the SP chaos that would ensue.

Fort - you really are a joy. If I didn't know I'd have said you'd increased your position quite markedly in recent weeks. Instead of taking potshots at me, you'd be better unwinding your latest fantasy ramps. Wait a minute...the previous 5000 don't seem to have worked. Maybe knock it on the head and resign yourself to catching a bid like the rest of us.

Yeah.

Like we know what Maxit's motivations are. We know what Irwin and the other CGP shareholders favour and we know Citi's role for SolGold for a good 3/4 years now.

But does it mean we're any closer to an event that changes the landscape? My understanding was that you think it does.

I'm not sure it does. I think it's just as conceivable I'd not more so that Bob is wielding his bat at thin air and Mike Henry and Co are passing over any attempts to try and get them to engage.

One thing is for certain - we need some progress in Ecuador sharpish.

Completely agree SM. That in my view is the primary cause. Wasn't questioning anyone's decision either.

Jezzoo - that's for you to decide. I'd put myself in with everyone else.

Add - I mean in the sense of your current position. Your exchange with Orthern yesterday a good example of what I mean. I read it thinking I'd rather like you to be right but had the gnawing feeling that Orthern would be closer.

DBW - it's not just this board. Every group of SOLG shareholders I'm a member of has gone very stale of late. Bulls have either sloped off quietly or are managing to hold their tongue rather admirably. The only difference with LSE is it's scarcely moderated and therefore disruptors can do what they want without repercussion.

Investors are giving up on this BB RK but also the company. We've heard lately how a couple of LTHs have sold down in favour of other plays and it's weakness that NAL and AgArCu have thrived off.

So, the current lie of the land appears to be

-DBW - quietly confident as usual

-Addicknt - who has backed himself into a corner somewhat based on logic

-Small band of happy clappers who will say whatever they feel they need to in order to protect their investment.

-Everyone else

-Trolls

Correction - BT not BG. Fat finger.

Just to emphasise the point, if folks are worried about Purebond creeping and taking KAV private how does this suit them, particularly if the current drilling on the KSZ doesn't produce the goods?

Because if I'm being honest, I'm half expecting that we'll be told that B1 is actually a polo mint and we've drilled through the middle this time, in which case we might all be relieved to have taken on the Kasangra cash, even if it is at a bobbins price.

Mr Robo - surely it's just a case of riding any upside with Purebond?

They will want a return on their investment. How does it suit them to get the full financing over the line and then BG suppresses the share price further to engineer them more of the company? They'd be throwing good money after bad because there's no guarantee that any of the KAV assets produces an asset of material value.

Unless, that is, shareholders think KAVs management are on the rob and have material results they aren't sharing. That's what Purdey seems to be suggesting. As for "getting the share price up", it's a noble suggestion, but when drilling is not turning up a discovery to excite the market it just isn't a possibility I'm afraid.

Some people still show a lack of understanding of the company they have bought here. It's clear to see the experienced resource investors.

The bottom line here is that the company changed the moment the experienced mining guys stepped aside and the PI/trader/activist investor assumed the reins. It was never ever the right move, and here we are.

Purdey - can you elaborate a bit further? I'm not sure what your point is.

Prospecting licences change hands all the time. It can be lucrative for individuals who know the application system in country, can navigate the application process and then pass the licence on for a small fee.

I note you haven't mentioned that Hillary Gumbo, as far as we're aware, still holds 16.5m shares in the company which is about 2.5% of the current issued share capital.

Mike Moles holds even more and is basically at 3%. Even BT is holding 9m.

Nobody can say these guys aren't invested in KAV but all that seems to have been conveniently forgotten on favour of turning over the Purebond financing. Why?

As for the year of discovery and all that nonsense, people are fools for hanging on to those words, particularly out in elephant country in Botswana with vast licence areas of many many square kilometers. We're not in the Yukon, Quebec or Australia. There's real geological risk here but it is being overlooked in favour of hanging on to a CEOs rampy comments. Talk about being fooled a million times...

Empire Metals will be the next London listed AIM resource tiddler to make the jump up into the next tier, as it continues to define the Pitfield discovery.

Good luck to all whether you hold long or whether you try and trade it.

Next 6-12 months should see new highs provided the ship is steadily directed on behalf of all shareholders.

Going to be exciting to watch it play out.

Belting Metalhead.

Laughable to see this get dragged down so much today. A - 8-10% would have been fair given the hot money that joined yesterday but - 19% is pretty derisory.

A great opportunity for anyone who missed out. Pitfield is now an asset of major interest.

Apologies, that was a genuine misread on my part.

*sit back

Agree F79.

You can sure tell you wants a position when they start trotting out chat of a discounted raise on the day the company announces a large scale discovery.

Air back and let the subsequent newsflow commence. Pitfield just confirmed it is mighty interesting.

I suspect there will be no shortage of discovery investors wanting a decent slice of equity pie here now.

Folks like Warren Irwin and Willem Middelkoop potentially. Watch out for them or those like them jostling for institutional sized positions.

Any dilution from here will be accretive. That is for certain.

Pathetic effort bottom_feeder. You'll have to do better than that.

The company is only facing a larger cash burn than usual because it's accelerating it's PSA test, for which it has received very promising early demand.

Couple that with 300 orders for the CiRT test in May alone.

The going concern statement is a standard entry in every company's set of accounts where there's a shortfall between income and costs.

Plenty of heavyweights came in at 20p and the BoD supported this at a range of prices between 15 and 30p.

Not going bust. In fact, it's just getting going.

It's the cash burn that I think has spooked the market.

However, CiRT sales are gaining traction post period end and this will create options for the company to seek finance on fair terms.

Add to that the early reaction for the PSA test which appears to be very positive and there are clear reasons to believe that a turnaround is taking place.

The market is just lagging. There's no speculation or forward looking from investors with this company, which is frustrating.

If we consider where the company might realistically be in 6-12 months I'm not sure a £20m market cap fits. Yes there might be a raise in that time, but there's plenty of reason for investors to get involved.

Well said Gus. A negative reaction to this news is bewildering to put it politely.

A £9m company has just landed on a monster and there will be copper concentrations there as you say.

Transformational for Empire.

Guy who sets out a path for medium term development - 1 recommend

Guy who is antagonistic in pointing out a shift from a short term resolution - 5 recommends.

SolGold has really become so polarising. This has been caused by the persistent pressure from Cornerstone and their associates along with the complete lack of meaningful action from Solgold.

The possible non-event that is the strategic view isn't really helping either but this boils down to a band of shareholders who want out at the next possible juncture, so much so that some have taken exits or partial exits at a depressed price in the open market.

For what it's worth I don't mind Fort's plan, even if I'd question some of the figures. It would probably need an up front debt finance and an offtake to get even Porvenir moving, not to mention an exploitation licence and the other permits as necessary. Unfortunately, Ecuador seems to be on a par with the UK where beauracracy is concerned.

Wildtiger - may be worth thinking about a rename to

Tigerwithpiles

One thing that isn't coming here is a placing so you've just shown yourself up.

Enjoy your profits.