Member Info for Bozi

There hasn't been any restriction on buying this morning. I've run a couple of dummy quotes to check it.

Interest in SOLG is at a multi year low, right at the time we all thibk we're on the verge of something transformational. One group will be right and one will be wrong. Let's hope we're on the right side.

Not impressed with the AGM date by the way. They have pushed it as late as possible. Do I take the view that this is merger related or the more cynical view? Hmmmmm.....

Fort - its on the chair to ratify the appointment of directors.

I suspect that is the reason and nothing more.

I'm positively sure it is too.

I just hope he isn't swayed by others wanting to cut and run should three quarters of a carrot be dangled.

We'll have to see of course, but it's now important we clear up the funding and then press on to the value creation you mention.

That's well and good Addicknt, but it doesn't mean that whatever happens next is guaranteed to be better than palatable...and i haven't invested in SolGold for palatable.

The CGP folks can talk about an exit and moving on to new opportunities, but tier 1s like Cascabel aren't tenapenny and openings like Ecuador aren't plentiful.

I just hope and pray a proper job is done from here to deliver proper value. I don't for example, expect to see investors ****-a-hoop over an offer of 40-50p, an area where it has been possible to sell in the open market on a number of occasions in recent years.

And all yours for about 16p.

I happen to agree with Redknight and Addicknt but the market doesn't appear to be in our corner... yet.

NiVig

What happens if they have missed in KCB01?

They wouldn't be able to raise £300k at 1.8p let alone £3m.

A lot of these placees, particularly in this market, are bottom feeders. They want a fantastic deal to pledge their cash and that usually means a discount, a warrant or sometimes both.

KAV have had to play the game and getting enough cash in now to roll the dice against the KSZ appeals more than being strapped after an underwhelming KCB campaign.

I'm a bit concerned generally here. With all the promising geophysics we've had across all 3 assets we've turned up little so far. I'm well aware that this exploration game is hard and the chances of a significant discovery are remote but I'd hoped we'd be hitting something now with all the talk of superconductors, carbonatites, IOCG and copper silver anomalies.

Everything but mineralisation so far.

I do wonder what the placees have been sold to collect the £3m. Technical successes and proof of concepts are no longer enough as they won't generate shareholder value. I'm sure we'll find out soon.

Addicknt - agree with much of your post apart from the bit about one party taking all of CGPs stake.

I'm not saying that won't happen but there's nothing to suggest yet that it will. In fact, the longer it takes to announce actually suggests their 6.7% will be split amongst several investors.

If it were a single holder, we really should have heard the details and received a TR1 by now.

Thanks 9billion.

I do think the producers you mention have been insulated somewhat. The robust pricing is driving revenues and profits up. However if you look at the pre development plays of which we are one and I think there's more weakness there.

That said, a few of the companies particularly over in Oz had a good week last week, closing some of the gap.

I think Len and team are doing enough. They're still conferencing and Len has filmed the odd interview. We just need to clear the current seller and I'm sure sentiment will change.

9billion

No, I don't believe that's the case. When share prices come off management are usually first in line for criticism and that isn't fair IMO.

I've been investing in resource companies for a good 10yrs now. I'd like to think I've picked a thing or two up along the way and I really would be keen to not lay much criticism at the door of management, particularly not ALLs.

We've got to 30.1mt resource and an 18.9mt reserve on the PFS for Ewoyaa. We're cashed up for the next 6-12 months and we have the joys of Ricca to come. Superb. This was after a few years where the late Vincent and Co worked feverishly across all the projects concurrently.

A better platform for long term investors could not have been laid.

Where we are right now, I think pretty much all lithium companies have come off from highs as investors have taken profits off the table. Our political struggles in the UK has unfortunately exacerbated that and the momentum of March and April has been lost for now.

We know roughly what we have coming news wise over the next 3-6 months ago but IMO, strong promotion now is going to be akin to flogging ice creams in mid winter. There's a clear divergence between lithium spot pricing which remains strong and markets which are weak.

So the outcome now, and this is what I think we'll see, is pockets of liquidity floating around the lithium players coinciding with the bigger news events. Piedmont the last couple of weeks are a good example of that.

I really do think for us it's a case of sitting it out, waiting for further assays and ultimately an idea of where the resource is up to. DFS won't be far away by that point and neither will an update on the mining licence. Focus will then turn to funding the Capex shortfall (inflation fears on this shouldn't be discounted for recent performance) and then I'm sure your valuation thesis will start to take prominence.

Jezzoo - it's easy to say "don't bite" but if there was no bait then there would be nothing to bite on.

People get wound up for example by Quady's continued belief in the diverse book theory. Maybe we all shouldn't bite on that carrot either.

Sean - there's probably element of truth in what you are saying but again, Slug is responsible for his own reputation and that simply doesn't start afresh whenever he opens a new LSE account. His early work did him no favours with those who found his views deeply offensive. His card was marked. However, even in recent incarnations he sought to argue with anyone who would retaliate... Shipright, Copperpot, etc. He had a few dance partners.

9billion - probably for a mix of the following reasons:

- Allkem's figures are based on their sales price which can't be guaranteed 2-3 years from now.
- Pre production assets aren't valued on an economic case because that doesn't reflect the technical, financing and other risks associated with getting up and running. Both should be lower than average for ALL given the very reasonable capex requirements and simple DMS flowsheet for Ewoyaa. Other risks (such as geopolitical) probably slighly higher given outdated views from investors on Ghana and Africa - once bitten twice shy for many caught out by lesser companies and lesser projects.
- General market malaise - London markets remain noticeably weak after a prolonged period of uncertainty, not helped by some drastically poor governing from those in office. A lot of investors chose them expecting lower tax take and more economic growth but have been delivered nothing but the exact opposite. This has made things difficult for ALL and other London listed firms.

The closer we get to nameplate production at Ewoyaa the more we will see the current finger in the sky valuation replaced by an economic case. But moreso, we'll see ALL show a robustness that not every company will have, and that is borne out of our advantageous cost base.

Take no notice Quady. There's been a continual campaign from Slug's desciples to gaslight everyone into believing you're the problem.

You're not, but sometimes you do make yourself an easy target.

Why doesn't everyone who can't abide Quady's views just filter him?

Why doesn't Slug make a new account and filter him?

That way, Quady continues his membership and can publish his opinions. Slug can rejoin and mingle with his disciples. Nobody will notice any offence Quady takes to Slug and so the chain of disruption will be broken.

All ears.

DBW - that's not rude. Please don't take the moral high ground.

You made a comment that infers one single poster is the root of all evil on this board. However, evidence doesn't support this because it is not the same individual that has had 20?, 30? accounts removed by site admin in recent weeks alone.

It's not the same individual that wields his perceived alpha male status like a trophy, offering scraps organised by email to anyone who dares challenge his views or behaviour.

It is not the same individual that threatens to deploy bots to hijack every thread of discussion and bring down the website, including the SolGold research you share that I and many others are grateful for.

I haven't denied any opinion. All I have done is take exception to being told by numerous accounts who the problem is. I'm very capable of forming my own view on that, thanks.

DBW - don't squirm away now, back up your words,

"there’s always someone at the centre of it ( and I don’t mean slug )"

The implication is there.

Seems some people think that someone who is ******, misogynistic and homophobic is "less poisonous" from someone who is sometimes rude and unnecessarily antagonistic.

Way to go.

More gaslighting from certain members of the board, trying to assert the notion that Slug isn't the problem and Quady is.

Doing yourselves zero favours there chaps. It has been noticed and it doesn't paint you in a good light.

More or less diverse?

Quady, consider this please if you would. Rough figures for illustrative purposes.

Say before the SOLG CGP merger we have 1000 SOLG shareholders and 200 CGP shareholders.

So post merger we have 1200 SOLG shareholders.

Now say before the merger, 50% of SOLG wants to sell and 50% wants to hold for production.

Now let's consider that 80% of CGP wants to sell and 20% wants to hold for production.

Is the book more of less diverse?

Quady - but surely you realise that people are finding it hard to reconcile your reassessment given your previous refusal to budge even in the slightest.

You're allowed to change your mind by the way but you've got to say "I previously thought there was no alternative to A but with X,Y and Z I have to now admit that B is a possibility/probability/certainty.

Why does a consolidation of Cascabel swing your opinion so much?

Agree that Quady hasn't said anything of the sort.

Quady - you've maintained the company strapline throughout and talked about financing production. Better to have the courage to admit that and say things changed.

After all, you'll have been right for 99% of the time and ultimately wrong whereas those who have called a bid at various junctures over the years will have been largely wrong but ultimately correct.

I appreciate why it matters... because it has been debated so intensely, but we've got to let it go at some stage.