Member Info for Bozi

Gino - if such an offer materialised and the board recommended it, any competitor would have only a short timeframe to prepare a counter, so it would act as a free roll of the dice for shareholders.

If no such counter offer was tabled, I don't expect many shareholders would reject the recommended offer just to see if someone else was going to offer more at a later date.

That's why it's crucial Bob gets the job done.

To put it another way and to use RK's logic, Jiangxi have just come on board. It serves them no purpose to hold 5.2% of shares in issue. What purpose does that serve them given our inability to progress Cascabel? If they haven't submitted an offer in the next month then what are they doing?

The conundrum is what happens between now and then. If you know what I mean...

The last 12 months have been filth in terms of SP performance. The next 1-3 months are going to be intriguing.

I don't see how it does Add.

I think we're reliant on BHP coming to the table for a fight but I don't believe they will, hence the first mover will win.

CovGaz - the money means diddly. 1981, when he was masquerading as Stackhigh, talked of H2 and 2024 but since then key personnel have left in their droves. Whilst we'll likely mobilise a rig and drill a hole or two, we won't be doing much else, and if we're still in this position come late summer then our investment accounts won't be worth looking at. Just look at what the market does to companies that announce less than optimal strategic review outcomes or don't complete the review at all. The market calls BS.

We will have to see Add. I'm not sure they will be too bothered about their position here. They've struck on Oz and they forced Wyloo into action on Noront.

My expectation at this stage is that BHP will wave SOLG into eastern hands and cash out for about levels. They will then will look to bolster their long term portfolio with maybe Filo Mining plus whatever their Xplore project turns up.

Red - plenty on here would cut and run at 40p. Some have already acknowledged this in the thread over the last 24 hrs.

Others won't want to admit it.

But this is what happens when SP gets depressed in the mid to low teens. Sellers remorse, B/E selling etc.
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... and appears reluctant to get boots back on the ground at the regionals.

I think we do Add.

Do you really think BHP have waited this long and continue to wait just for someone else to start the bidding? It seems unlikely to me.

I think there's a clear read to the market's view of the company and it's very difficult to continue enthusing about that asset when the company has drawn back on any future development spend and

There is that as well NoviceHunter.

I've also seen it before where someone has banged the drum about a large premium and it's never pretty when reality falls short.

Redknight -I could ask you the same. Where is your evidence that "almost nobody" would accept an offer of 40p?

You have none. You don't know how BHP or NCM feel. You don't know if the CGP lot would be happy with 150% and you don't know about Mather and DGR either.

I will happily, gladly, triumphantly be wrong on this given it means more £s in our pockets but it's just how I feel.

Scott options in the high teens. No updates of any substance on the company. Jiangxi placed at 16p. Nothing positive there.

Bear in mind, you'd think this management could be open with the market and get about selling the company to investors again, thus pushing us back towards the mid to upper 20s. That puts us at about 40p for an opening offer.

As it happens we've got just one trading week before April and the company is quiet. Clearly trying to make Bob's job of getting a bid to stick easier as they know that if they bring interest back to the stock Bob's task becomes more difficult.

Addicknt - to answer your question at 7:01 - I'll continue to hold because I'll take my 100% gain when it comes.

That doesn't mean I have to be happy about it.

At this stage, given where markets are in general, I've made the decision to see SOLG through to what is looking like a disappointing end before I think about reinvesting those funds.

Not contradictory in the slightest Smickster.

I'm saying this goes cheap unless someone gets involved to fight Jiangxi.

Personally, if you're asking me, I don't believe anyone will get involved.

In May we'll hear that the strategic review has been completed and the best way forward is to accept Jiangxi's all cash offer at 35p.

Red - everyone knows this is going to be sold.

But whatis it going to be sold for? Peanuts is the answer.

That itself is the argument here. I was told I was being ridiculous by many on here two and a half years ago when I talked about a low ball outcome. My opinion hasn't changed. In fact, it's only been backed up by the derisory level we let Jiangxi in at and the poorly priced options we've just issued to Scott.

This is SOLG trying to engineer this to a preferred bidder and it'll be at 30-40p.

Our hail Mary is that BHP or another wants to fight them. Please let's hope they do.

Just use the pension and the ISA.

No sympathy from me if you're in the UK and not making use of those accounts.

Not like the Tories haven't smashed the CGT and dividend allowances to smitherines eh Fort... a nice extra tax burden and by stealth.

That wasn't where I was going Add. It'll be more valuable in 2 or 3 years time let alone 10.

I'm no advocate of a JV whatsoever but I believe the initial point is a valid one. We can only take it no further because everyone has left or been fired and the company has maxed out on royalty deals.

Fort - if Bob's phone is ringing off the hook then we should bloody well know about it, particularly now Scott has his options.

The share price tells a certain story and it's not really one that involves phones ringing off hooks.

By my own admission, we've all had to put up with a lot of disappointment here at SOLG, and if credible proposals are being received then the market needs to know about it, pronto.

Fort - at the very least you could respect the opinions of others, those that are genuine.

Lets be completely honest with ourselves here. We all consider Cascabel to be a tier 1 mine in the making and a very lucrative asset during a copper price boom, which the urbanisation and electrification of the world points towards.

So why aren't the major miners, at a time where markets are subdued, banging our door down for this asset? Moreso, why are SOLG investors so desperate to sell the asset and the company before the impending copper boom and ensuing pricing sweet spot?

Are we saying everyone needs the money during the downturn that we might experience beforehand? Surely not.

Tell me why everyone is so desperate to sell their fiver for a pound now when in all reality it could be worth a tenner or twenty with patience? All because SOLG missed a few deadlines and aren't moving it along as fast as we'd like?

There has been a proper conditioning job done on investors here during this journey we've all been on, so much so that everyone is happy to grab what they can and forego the upside down the round.

Either that or none of the above applies and we've been sat on a fabrication the last 10 yrs. Which is it?

Warren knows that his commentary, be it at conference or over zoom for a mining YouTube channel, gets lapped up by SOLG shareholders. He's probably enjoying messing with people.

I'm not saying we're responsible for the situation Add. However, away from what was the big two, many shareholders have been calling for a sale for years now, virtually railing against the company strategy of asset development.

Just look at the contempt many now hold Cazzubbo with. Nobody really knows what went on that led to his sacking but he's virtually the devil and appears to have copped for the reduced metals in the PFS despite it being well documented that Keith Marshall oversaw that.

I'm not expecting anyone to agree with me on this but it is how I feel. SOLG the company and SOLG shareholders haven't been on the same page for years and that's why every AGM is a soap opera.

For me, that makes things exponentially more difficult for management to navigate.

Mistermeister - you do remember when Nick got sacked as CEO, or have you conveniently forgot that?

Hanging off every Warren Irwin word does nobody any favours. His tweet last night was a humble brag when someone on twitter called his and Bob's reputations into question. However, when Warren has been held as some sort of saint and a friend to SolGold shareholders it is easy to lose sight I suppose.

Another frankly bewildering point here is how some don't see this as being an out and out firesale, despite individual shareholders virtually imploring management to sell the company. A firesale is exactly what it is and that means there's two options; we either get a pitiful recommended offer as some are now acknowledging or the company holds out and we see the SP cut at the midriff.

The company hasn't helped itself but shareholders haven't helped themselves either.

Fort - BHP will take what they're given, as will we.

If they aren't happy with that there is something they can do about it, but will they? That is the question.

Orthern - your 8:15post is certainly the type to ruffle feathers but I don't think it's too far from the money unfortunately.

Desperately poor options award this morning.

Best get the sick bags ready for when Bob does a deal at 30p and pretends to be mining deal-maker of the century...

Good week here KAVers.

Lets hope we can build on it next week and push up back towards 2p.

Sellers - good luck wherever you redeploy, and unlucky for getting this wrong.