Member Info for Bozi

Sniffer - I'd be willing to put my neck on the line and say PBOW holds (or rather held prior to the Jiangxi offer) more stock than the likes of you, Jack, Fort and anyone else who can't post unless they're waffling Uber positivity.

When someone can only tell one side of the story that is very scammy and scabby behaviour.

The only difference is we can speak with objectivity. That means the good and bad. We don't feel compelled to see everything down a narrow, blinkered view that aligns with the value of your account. I sat with a significant loss for a couple of years and now I'm sitting with a decent gain that I think gets bigger before Christmas. It doesn't impact my view though. That's the difference.

I'm positive about SolGold. I haven't even posted negatively today so I'm not sure what has even got your goat. I wavered a bit when Dan

Rodney - you don't know what I have read, so please go easy on the recommendations.

In fact, one would question how up to speed you are based on your postings this afternoon. Maybe practice what you preach.

How would you know ProfitSniffer? You frequent car parks, not parties.

A personal attack from you is a badge of honour. It tells me my moral compass is exactly in the right place.

You meanwhile, should cut out the virtue signalling of staunch conservatism. Your willingness to launch at anyone who doesn't conform to your world view is more sickening than the worst any lefty can do.

Good evening.

Eloro - some of us remember your diatribe that went on for many a year. I haven't read many of your posts for some time but I can only imagine the daily stink-ups when we were in single figures and your man Warren went a bit cold.

So you reckon we're selling for somewhere between $3.5bn and and $10.5bn based on the 3.2mt of copper in the latest PFS?

Lovely, please do let Jiangxi know not to come back less than 200p. I'll bring my retirement forward 10 years. Cheers my good friend.

Rodney - please see my response to Mike.

There's an awful lot to do. All the TAM findings, which haven't been defined yet as there's significant scope for expansion, need integrating into the project plan.

Cascabel was already a monster but developments in recent months have given that beast an extra leg.

The question for Jiangxi and anyone who wants to compete with them is whether it can be accelerated into this cycle - there are some promising projects in early study stage which have been earmarked for the next cycle.

To answer your question, I'm not the usual SOLG holder in that I'm quite happy to roll the dice a little longer yet.

If you're asking me the choice between 60-70p now and 200p in 3 years I'd choose the latter.

I'd then urge the company to raise some funds to drill a regional or two and progress Porvenir. If we truly want to defend against a fairly moderate offer then the strategy is to be a multi asset company. In 3 years time we'd also be well advanced in the Alpala declines and the latter environmental permits. That opens up 70%+ of the NAV at the time.

It's about recognising where we are and what still needs to happen.

Not at all Rodney.

You know full well that DV has won. He took over at 6p so in any situation he'd be able to point to 350% upside before first offer, maybe 600% upside before a second.

As much as I'd like him to keep batting Jiangxi off all the way to 120p, we have to acknowledge that other perspectives exist and some of those will be quite happy at 40p+. By that I mean those who bought heavily at the bottom, those who want to reinvest in other stocks to compound gains in a bull market, etc.

For complete disclosure, I'm quite happy to leave this running as long as possible. I haven't been invested so long to cash out at 40p. However, I don't believe in saying that I think the stock will go to the moon just because I want it to.

Mike - we call all point to NPVs as much as we like and set our stall there but it's just a number. It doesn't take into account investor fatigue (of which there's plenty because said investors tied themselves up urging on a change of control when it was never going to happen).

If the Canadians had their way, they'd have sold the company at 25p two years ago make no mistake about it.

The question now for many is "do we exit during this window or do we hold fire and push the company on for another two years and maybe look for that offer north of 100p?"

Operational progress will be considered. How straightforward is it going to be to get the Saint Cecilia relocation done and the next phase of environmental permitting?

You have to ask yourself why SolGold called the pub meet and then installed a banker as CEO and hired a reputable chairman at a pace different to the one they usually do things. It was all very deliberate, so much so I was quite vocal about their soon being an M&A window (albeit I had it down for H2 26).

If you think we're going to see things play out to 120p in the next few months, let's hope you've called it spot on. All our portfolios will be grateful for that.

I suspect they regret doing that bought deal DBW.

It was a great ploy by Mather to get them to wave their didgereedoo at a time where Newcrest were favoured. It was a "prove how serious you are" and they took the bait.

You have to admit though, it has been downhill from there. They realised Mather wasn't for strong-arming and their chips were completely sodden when SolGold went the streaming route. They've been a non-entity since Jiangxi walked through the door.

Obviously that could all change as soon as next week. Let's hope I've read it completely wrong because it does open us up to more upside.

I suspect anything above 40p gets recommended unfortunately.

I suspect Newmont stand aside. No reason for them to be involved.

BHP will probably let it go too and maybe look in a different direction, Africa maybe.

I am pretty sure Jiangxi know this and it explains why they've stepped out the shadows now.

Completely agree Add. Some have themselves so entangled in dreams of moon landings that sight of the journey has been lost.

The notion that the Chinese are going to start throwing weight about is laughable. That isn't how they work. It's last resort stuff for them, and I'd expect them to step aside if someone else stepped into the ring and gloves were removed.

Fort absolutely full of it today, even more so than usual.

There's no guarantee that Jiangxi come back at all. I'm not saying they won't, but it's possible.

You have always tried to pin your colours to the worth of the asset. I got it as a bullish case for holding the stock, but are you seriously not reconsidering that view given we're now in play and you don't need to sell your dreams any more?

SolGold's management wants to achieve as much as they can. Everyone else wants to pay as little as they can. That's it. It really isn't any more complex. The deal? Well that is usually somewhere in the middle.

The fact is that Jiangxi offered next to no control premium in their initial offer, which is quite frankly disgusting given we let them have the Canada holding at 9.5p. You might want to force some narrative that an improved offer of 36p is designed to catch out shareholders, but anyone with half a brain can disassociate a £300m increase with a poor attempt at striking a fair offer. Both things can be true.

Anyone who has held the stock any length of time should want 60p minimum. The hard yards to get us out of firesale territory has been carried out. The days where the danger of 25p takeouts were very real (and have thankfully passed) - look closely at the language used by SolGold last week in the rejection RNS.

A bit of perspective is required. You were one of those who suggested bidding would start somewhere close to the value of the asset. That has been emphatically disproven. Consider other views on what happens next.

Add - not really sure how you formed that conclusion.

For example, you have always shown an ability to debate and discuss in a civilised manner whereas Smick has always attacked those he doesn't agree with.

The Jack-it is was always there, it's just the mask has well and truly slipped.

PS - I don't agree with all their policies - far from it in fact. But if you're offering me the choice between Labour and tory cronyism with toffs scamming taypayers out of millions of pounds under a phony guise of growth then I'm choosing the former.

I'd want and expect my kids to be able to look after themselves and be successful but also to be able to benefit from the few things this country and done pretty well over the last 100 years. I'd want them to play their part in building the good side of Britain on.

Under the tories, Farage, Lowe or whatever other puppet, you just get decay whilst they get fat on tax giveaways and obscene wealth.

My conscience is crystal.

Add - would it be fair to say those that worked well were for trading companies where financial performance was central and to the investment case, or are you talking about other junior explorers?

I think even before the news this week gone, many PIs would have been asking when Jiangxi make their move or what BHP think about this and that. That has always been the angle for PIs, there's very little interest in the Cascabel development plan for example.

MFU - congrats on your exquisite GGP cross ramp and attempted SOLG put down. Bravo.

Not sure why you can't take your gains there graciously without bringing that company into this conversation.

Schlemiel - your comment shows that you haven't been watching this very closely.

It all started when Mather got potted. Cazzubbo came in and continued the drill and study strategy with 'next cab off the rank' but approached the finance the wrong way and was dispensed with.

That allowed the Canadians to make their play, and they did. PIs got sucked into this fake narrative that a quick sale would follow the merger. It was Johnson/Farage like and many fell for it hook line and sinker. Bob got his feet under the table with Scott as his proxy, keeping things at a standstill under the guise of conservative treasury management (it didn't work for SolGold either).

We had two years of that with nobody taking the bait, culminating in the London pub meet and the decision to pivot back to a proper strategy under DV and PS. 9 months later, here we are.

So your answer is that the Canadians pushed this too soon. They thought they'd sell it and it's a good job they didn't because 26p would have looked good - hence Scott's interview foul up.

You're going to hear plenty from the likes of Fortissimo saying they called it right all along. They didn't. I did. It was I who said we needed to get back to Tandy and regional drilling because market conditions told us that firms didn't want big spend block caves with no ramp up opportunities.

We now have our ramp up strategy and lo and behold we have our first bid.

Now we strap in for the ride. We don't panic if Jiangxi don't come back to the table for boxing day lunch because 2026 should see further strengthening of the investment case with CIPA, a conjoined economic plan for the whole of Cascabel and hopefully continued fair winds in metals prices and Ecuadorean politics.

Add - I know you favour an interactive virtual AGM but surely you appreciate the impracticalities of them?

You'd be expecting the company to monitor questions in real time and answer them immediately without the opportunity to seek legal counsel or agree from a PR point of view.

Also, without a chance to moderate, it just becomes a takeover discussion and that does the company no favours whatsoever.

How many companies across the market deliver what you expect? Very few I'd wager.

IMO, the company should complete the formalities of the AGM and then run a session through something like InvestorMeets, where investors submit questions in advance.

DROP THE CIPA!!!!!

You all came at me for years for saying we'd be vulnerable down at this price level.

Thank the lord SOLG have done the work they have over the last 6 months. That change of management and strategy was in the nick of time.

Quite outstanding timing there ToS.