Member Info for Bozi

Are you against the paying of taxes, Redknight?

If such an offer was made just for ENSA then SolGold would have to consider it, and if they went ahead it would then be up to them to try and find a solution with a corporate action.

I'm not being negative Redknight. I'm trying to offer an alternative view to a group think that is growing more desperate by the day.

I sense there's one or two 'bad actors' loitering on this board (as is their right) and I think they've expertly worked the genuine shareholders over. The company has only helped them by repeatedly doing it's best to implode in front of our eyes.

Also Red, whilst I find your continued bullish views admirable, you run the risk of disappointing one or two who are rowing along on your judgement. For example, your point about asset value was valid as long as Nick retained control and as long as the markets were bullish for copper. One of those things is gone forever and the other should be back shortly. With 0/2 and a group of angry PIs baying for a SR result, it doesn't bode well for those who will try and buy time at SolGold towers.

You're not wrong DM and I very much hope this information will be forthcoming in due course. In any event, there would need to be major change with the company, or at least he replacement hires for departed board members.

I also agree very much in terms of your preferred strategy. I'm a big advocate of it as a solution that meets virtually every investors goals in one way or another.

As bad as things have been the last 18 months to 2 years, all this chat just smacks of investors sat on losses, looking for any semblance of a return.

In a way, I wouldn't mind it if the company achieved nothing in the strategic review. No transaction and - 50% off the share price. Yeah it would hurt to look at my account but there's a longer game than that I for one don't see why SolGold should be prevented from playing it.

Post merger CGP and associates will hold about 22-24%. They'll have their SOLG shares to sell at some point too and that will dilute them further. Yeah let them sell. I'll have another crack at SOLG sub 5p to build my own holding for retirement.

The alternative is that Bob scratches around to sell this for 25-30p within 6 months? Nah there's no need for anyone to entertain that.

Start the car Quady! On we go!!!!

SM - don't row back. Your comments (all of them) last night were bang on the money. Get another case of your favourite red ordered in I say!

Add - respect all your views but not sure I can agree with them on this occasion. The way you end your post is a good barometer for what you and indeed a lot of us are feeling at the moment... hope.

I for one don't ever remember the strategy of the company being to make a discovery at Cascabel and sell it on as quickly as possible. That was the CGP strategy but it wasn't SolGold's. As soon as it became apparent what we were on to the conversation shifted to development, CGP contributing their share of the costs incurred, etc.

If you think back, there was no desire just to market the asset. It became about finding the next and the next in the cluster in Aguinaga, Moran, Tandayama, etc.

This was all off the back of the company moving out of Solomon Islands given operational challenges at the company's projects there.

The story was all about making a find in Ecuador and riding it as long as was necessary. It shouldn't therefore have come as a surprise when Ecuador got big ideas about widescale overseas investment, opening their cadastre up further and SolGold were one of the company's to take part, leveraging their early environmental, social and governance efforts.

Where this went wrong IMO, was with the PEA and flawed first draft PFS. Mather was too aggressive and went unchecked until the 11th hour when Keith Marshall applied the brakes. By that point, we'd seen a rocky 24 months and LTHs started losing faith in the company's ability to get this progressed.

Had Mather restructured the organisation after the second Alpala resource estimate and brought in a team with the required knowledge and experience of studies then I'm quite sure we'd be into the early stages of construction now, so for me it's not about not believing the production rhetoric but more a case of watching a lack of delegation to suitable hires slow the company's progress considerably.

The way I see it, is that a revaluation should be forthcoming, but it likely won't be seismic. From a 15p level I'd say +/-50% is the likely result in the next 3 months, with another +50% in the offing to the upside if things play out well.

So ultimately a positive SR and we're back to 40-45p and a poor one and it's hello 7.5p.

Optimist187 - it simply is that far off the radar.

Not for much longer I suspect.

I didn't see that Add but it strikes me as weird.

I take your point about CGP potentially insisting on the SR but I don't see why everything has to be rolled into one announcement now.

For all intents and purposes right here and right now, they have to be separate workstreams IMO. Anything else is just poor.

Add - I just don't see what connection there is between the SR and the merger.

For me there is zero.

I think your first option is likely to be more accurate,but I'm just speculating.

Agree Orthern.

The silence is shoddy and unprofessional. Nothing deafening about it, unless SolGold are planning to leave CGP high and dry at the 11th hour.

Given the current management, that would appear to be a non-starter. Had Mather been CEO however...

As am I, Add.

How has that case of your favourite tipple come along over the last year or so? It was pretty 'upmarket' when we talked about it and that was before the hike in inflation! ;-)

Sctay- BHP joined our register of our own volition when they bought Guyana Goldfields' 6.odd% stake.

Guyana Goldfields who were led by no other than Scott Caldwell.

I think Add likes to use it as a bit of a stick to beat Mather with. The point is yeah he did allow them to grow their position, but if it hadn't been BHP it would have been some else. Fundraisers of the sort we were doing needed a cornerstone investor (not that Cornerstone).

Red - why no SR?

I can't get my head round this point.

The SR precedes any transaction. Bob will want the credit for deal making one of the most anticipated mining transactions in many a year (if one materialises).

Binning the SR is basically playing down his and Maxit's role.

I just can't see the leadership group doing that.

Bankrupty- everyone is of course entitled to a view and at no point am i trying to deny LuckyLuciano his, but I agree with the general point ShearClass was making, although i can see why you've found it antagonistic.

Option grants are sometimes seen to almost be the work of the devil and ShearClass did a very good job IMO of capturing the nuance between the different types of award.

I do think as investors on AIM we sometimes are guilty of applying a bias that generally most if not all of the companies are junk and sometimes we let that fear manifest itself in the background and influence our views of the companies we invest in, or at least get defensive towards an award like yesterday's.

I know we're on the same page and won't say any more, other than wish LL the best with the lithium company he chose and hope that we all end up winners when the race has been run. That's all that really matters.

Morning Bankrupty.

I've just noticed your argument with DG1 from last night and your comment to me.

My post was a genuine response to the two posts I agreed with on yesterday's discussion. No more or less than that.

Onwards and upwards. Good to see the resource being added to and more so the increased confidence in the rowviously stated resource. On we go the good ship ALL. Please don't let a few options at a 50% premium dmapen your enthusiasm.

Quality from Sharket Mare and Shear Class.

That's life though Jezzoo isn't it?

Sometimes it works out, sometimes it doesn't.

I'm not sure about the smugness that you mention. You do have to bear in mind though that a piddly junior on the London market discovered one of the biggest copper, gold, silver porphyry assets in the last couple of decades.

They were rightfully bullish and excited. The business went from £20m to £800m in less than 18 months.

Lets also look at the likes of Solaris too. They haven't flipped Warintza on to a major yet, probably for the same reason. You have to hold them tight... as tight as you can, and try and tempt someone into paying billions of pounds.

That's the game we play. The share price in the meantime is just a means of moving wealth.

Why is it greed?

SolGold made the discovery. They were entitled to have a go developing it.

It just so happens that the developing part was managed pretty horrendously during a challenging time around the globe and the cost of capital has since accelerated away from us.

But there's nothing at all to say that a company has to immediately monetise any discovery it makes. SolGold never gave any impression that monetisation was a priority pre the CGP merger either, so investors only have themselves to blame for buying it as a takeover story.

Also, let's have it right. NCM standstill ended and they didn't move - instead they did a JV with GGP. BHP standstill ended and they didn't move despite being hungry for copper. It has taken adding Jiangxi and still nobody has moved at the time of writing.

Maybe as investors we have to just admit we missed getting off at the top of the discovery phase or we misread the length of the story.

As far as we know the strategic review continues. What it yields we will see. Still think it could be March at the earliest myself.

IMO, yes DBW. Deal is to be formally confirmed within days.

Any offer should have been made pre Jan 9th.

Orthern - the RNS at the time made it clear it was for the combined SOLG and CGP entity so I think you can assume the SR has run parallel to the merger.

Same announcement also said a transaction could not be assured. Gulp!

To be fair, that's part and parcel of an unmoderated bulletin board. Of you look at the chat section for any stock that is subject to investor interest, the behaviour is similar.

There's other ways to talk SOLG. The twitter group is almost full but theres a telegram group that is freely available. Those who are happy causing trouble know better though when it comes to getting involved in those sorts of channels.