Member Info for Damers

2nd link incorrect...

https://www.devdiscourse.com/article/politics/3327294-trump-noboa-meeting-a-diplomatic-dance-amidst-ecuadors-political-crossroads

Noboa / Trump meeting in Florida yesterday...

https://www.msn.com/en-gb/news/world/trump-to-meet-ecuadorean-president-noboa-in-florida-on-saturday/ar-AA1BUuLR?ocid=BingNewsSerp

https://www.devdiscourse.com/article/politics/3327293-indias-path-to-becoming-a-global-manufacturing-hub-legal-reforms-at-the-forefront

I have to agree that the most likely outcome here is a JV with Jianxi for Cascabel.

Shareholders receive a 10 - 20p divi & Explore Co takes £50-£100m to get the drills turning.

As it hits production, our minority stake in Cascabel should see shares worth 30p + (so, we eventually get our 50p).

By that time maybe Explore Co is worth a few bob too.

Yep. more than likely we will see a big buy going through COB Friday to account for this.

I really hope the sale of shares were not offered to other parties, but just to Jiangxi as a mainly strategic move. I did find it pretty depressing that we off-loaded for $0.115c but if a sweetener as part of a bigger (and far better) deal well fine with me.

The passing of the special resolutions would have made this possible?

Do we have a JV on the way for Cascabel with shareholders receiving a 10p - 20p divi?

Explore Co needs a big wedge of cash if there is to be a proper drilling campaign around the regionals.

Good info tks Adieu.

ATB.

Congrats Eish & England - that was a great match.

Evening Rodney & tks for the email earlier in the week.

I am hoping your comment regarding 'significant news' is fuelled by the recent London socials with SC & Co?

I will ping over my holding details next week RT

Interesting snippet tks DBW.

As with others I was less impressed with the webinar.

Presentation is important when selling / marketing ones wears and huddled around a laptop in a Brixton bedsit does not entice the potential investor.

A couple of questions posed by the commentator were not answered or avoided which were: the status regarding the CIPA & how relations are with BHP. The latter does not concern me but the former does.

Outtakes on a more positive note:

- TAM drilling to commence ‘soon’?

- The repeated statement that Blanca Nieves is a key target (more so than Porvenir by the sounds of it which I get).

There was no ‘on the ground’ progress update (the presentation pic was taken on or before November) and any definitive confirmation that all was on track with the geotechnical investigations / future tailings location.

Yes, surely they are in Blighty for good reason and only time will tell.

And, yes the asset is phenomenal but share holders good will is running thin.

Defiantly looking good with the late uptick in SP and the points you have noted Magoo.

Everything crossed.

I would be more than disappointed if it’s just a progress update, which could have simply been issued via RNS Add.

Time will tell.

Https://x.com/solgold_plc/status/1880344388754452517?s=46

Https://www.livemint.com/elections/ecuador-poll-shows-noboa-just-shy-of-first-round-win-11736977328993.html

(ii) Anti Dilution at 10%

For a period of two years (to 15 October 2020), provided BHP continues to hold at least 10% of the shares in SolGold, if BHP's holding falls below 10% as a result of the issue of new shares by SolGold, BHP has anti-dilution rights to subscribe for further shares to maintain its holding to 10% of the undiluted share capital of SolGold.

Tks Fort - interesting. I think the anti-dilution @ 10% has long passed, but I may be wrong. There is a note regarding this subject on the 2019 RNS regarding BHP’s increased stake.

I am surprised that there has not been discussions regarding this subject on the BB, so I will get the ball rolling.

So the board have been trying to have this resolution passed since ‘21(after BHP upped their stake & Mather fall out). It has just scraped through last month and looks like only BHP voting against.

Will Solgold issue 10% more shares (for example) and bring in a new ‘friendly’ investor, who will weaken BHP’s hand in blocking a reasonable bid? I cannot see this happening.

Or, a new investor to put some liquidity in the business for exploration? Again, I cannot see this happening.

I have no idea how many new shares Solg can issue? Are they allowed to issue enough shares for a 3rd party to take a controlling stake in the company? (which would force any majors hand in making a counter offer).

I wouldn't bother with the clown DK.

If you could let us have any polling updates over the coming weeks it would be greatly appreciated.

ATB

Morning Quads.

Yes, I do follow Millelkoop but like yourself far from his biggest supporter. However, I felt his post was (partly) relevant to our current situation.

The SP will go north this year, but a lot of if’s:

- If the general election goes without any major hitch

- If there is not a military coup

- If the incumbent President does not get a bullet in the back of the head

- If the revised IPA is issued

- If we receive $30m in Q2 (drilling complete / feasibility study starts)

- If we receive $30m in H2 (completion of feasibility study & issuing of all permit applications)

- If China does not invade Tiawan

- If there is not another pandemic

- If WW3 does not kick off

You definitely need to be risk adverse investing in Solgold, but the upsides are compelling if we get through ’25 without a major hitch.