Member Info for Bozi

Ship - I'm asking Rodney to put up something that supports his view.

Why bother to mention it Rodney?

Because there's a legal distinction. That's why any entity subject to any agreement mentions it. It's all part of communicating clearly to market.

The status changes as soon as Jiangxi publishes an RNS to say the offer is confirmed. It'll probably drop tomorrow morning.

You're trying to suggest it's a ruse to invite further proposals but you have absolutely zero evidence of this.

If that statement is incorrect I would invite you to disprove it.

You're virtually there Fort. Just let go man.

NMM - 13:24

I have found you one of the more rational and respectable posters on this BB but I'm struggling with the gymnastics of the above post.

BoD had absolutely no good reason to throw their weight into any corner, yet they have for an offer that was barely an improvement on the one they rejected.

It was a nonsense move and RBC want sacking for not stopping them from doing it.

The whole binding/non-binding thing is a red herring from holders that are desperate to see more. The bid is made binding the moment Jiangxi confirms it. If so 28p. If they don't, probably 15p.

BHP and Newmont have agreed to fold if Jiangxi firm up. There's little to no chance of an outside party entering the fray now. The main parties have all signed letters of intent and they can't rescind them to throw them elsewhere without a large dollop of damage to their credibility.

Stick a fork in this.

Let's have a few things right.

It's all very well and good piling on Quady over his diverse book comments. In reality, the register of SOLG shareholders should have protected retail from an outcome like this.

The diverse book has failed because of shareholder fatigue. Having 3 majors on the book plus institutions should have created the required tension.

You can point to the offer being non-binding. That's irrelevant. It has been recommended by the board and there's a significant % of shareholder approvals that mean the remaining chunk of votes will be fairly easily acquired.

I made a comment a couple of weeks ago about the language of the offer rejection. It came across to me like the board rejected it because it was the first offer and not because they didn't think it was a good offer...and so it has proven.

You can try and rationalise this how you want. There is no good reason to reject 26p to go and accept 28p. Forget any notions of luring competitors - it's pure fantasy. In all likelihood, Newmont and/or BHP are probably amongst the acceptors and it's very difficult for a new party to enter this fray.

The competition needed to come from the parties at the table. They're stepping aside.

At the end of the day, you have to be wary of those advertising multi bags and 100p+ whilst allowing yourself to dream of it. You have to be wary of those crowing about the NAV and 80-120% of it, because here we are.

I thank everyone who has been reasonable for their contributions down the years. I've made some great investor contacts through SOLG and I'll always remember this journey fondly for that.

Good luck all for the future.

Mike - you clearly haven't been reading this forum very long.

I won't wait for the apologies that are due my way.

Yeah, to be a fly on the wall of that virtual meeting room...

Did you not fancy a return to work Add on a Jonny Foreigner for a couple of hours?

Fort - if they'd been admitted under any other arrangement than the block listing then the company would be required to announce it.

We're not due an update on the block listing until 10/03/2026.

It isn't Rich3r.

It'll most likely be options exercised under the 6 month block listing.

Recent SP rise has pushed them well into the money.

It has also happened in the last 10 days since the disclosure table.

Rodney - they're working on this (and guided as much) but there is still TAM drilling to integrate into the plan and this is difficult whilst TAM drilling continues.

This is precisely what I meant yesterday.

For someone who says there's no fire sale you sure sound worried. I say let Jiangxi have their moment. Wait for them to move and counteract it.

If it gets to 26/12 and they don't make an improved offer, the company can roll out plenty of updates in Jan.

We're in a position of strength here.

Maybe because Jiangxi have 12% of the stock and FQM have bugger all?

These are big firms. They're not going to do each others bidding.

I never said they did Rodney.

But tell me please, who is going to pony up £5bn because that's roughly what the NAV is at spot?

I don't even want to argue about this. Let's hope you're right. Would be fabulous. We'd all be rich and can walk off happy with our work. 👍

Eloro - see my post at 19:23.

I stand by that tweet. The only point I'd add is I hadn't acknowledged the extent of Scott's non-performance at that point.

Tell me, what has Dan done that Scott couldn't?

The strategy changed the moment Dan walked in. It's in the RNS on day 1. It's the change of strategy that I was calling for on here.

You say there's no agenda but you've gone and taken one comment from months ago and brought it to another forum, using it to attack me personally (and accuse me of being negative). You encouraged others to share my identity which led to abuse from another poster. As far as I'm aware you don't follow me, you've just stalked me off the back of one opinion to one person. Try and justify it all you like - it's poor.

I suspect that is where they land if they do return.

Question - What lends itself most to a bidding war? Management recommending an offer or rejecting?

If their first bid is anything to go by, it feels like they don't want to be paying what we all want (ref Rodney's and Mike's NPV chat earlier).

Hopefully we find out this week.

Good way of putting it Add.

If they come back to the table themselves or through another, they can pay up.

Similar, I think they misread the room.

I suspect they've worked out what we have about the Tandy drills and threw in an opportunistic bid.

Going off the RNS, it feels like the first bid went in when the SP was 18-20p. The second one possibly at 22-23p.

Where is the premium? 15% - really? They have treated shareholders with disrespect.

You called that the other week. I expected better.

I'm very happy - as I'd imagine we all are.

I'm not despondent, just a bit dubious about what Jiangxi are doing.

Obviously DV has performed better than SC, but my views on that are on the record already.

Sniffer - we're all one gene away from Downs Syndrome.

You just can't help yourself, can you?

Eloro - not at all.

DV was appointed on 4 March 2025.

By mid-July, the share price hadn't moved. It was still lodged firmly under 7p.

You can see what news items moved the dial in late July. We secured the next tranche of Franco Osisko funds and we published the project execution plan, which the market clearly liked. After that we had a regular feed of promising Tandy drills which showed the potential for a shallower feeder target.

So I'm not sure what you're trying to achieve with your "youdunit". It's poor form.

... first came on board because I didn't like the gift of the SOLG Canada stock but my view quickly changed when it was apparent the pace of travel had picked up.

I do hold other stocks. I hold some that Uber SOLG bulls put down and they've done well. I also hold one that you have talked up and down to suit your trading, but I didn't come for you over it.

That's where we differ, me and you.