Member Info for DG1Investor

Think your short is gonna get burned Mr 008 - check out the RNS just released on ASX

Oh well - time to peddle your nonsense somewhere else, you were a funny yet somewhat irritating annoyance this week - luckily enough your not great at your game which makes your attempts rather sad really

I’d like to know why Blackrock selling too SharketMare. Makes no sense to me why they would hold for all these years, then sell out whilst we languish back at these levels.

I’m sure I read that they are a holder of Jiangxi stock and I’m pretty sure they own a chunk of BHP, could their selling be some sort of conflict of interest ?

Anyway fingers crossed we don’t have too much longer to wait out for some kind of positive direction following the year of drift we’ve had and roll on the end of this whole sorry saga

Thanks Mr Caldwell - finally the truth has been spoken. SOLG mgt are rubbish and have been rubbish for yrs at least Caldwell has told it how it is.

I’m not quite so sure he would have been so straight talking if the delays hadn’t been so bad or indeed if the SP hadn’t dropped over 40% since the merger was announced !!! But hey at least he said it.

Mr Mather, Mr Twigger and anyone else who is left at SOLG after Mr Caldwell has swung his axe , please take note ……don’t tell lies, don’t extend truths, don’t make sht up, don’t twist things, don’t sit on your **** doing nothing, don’t think you are untouchable, don’t think you are above the investors you represent, don’t hide behind bland uninformative IR templated responses, don’t twist words, don’t make investors guess, be clear, be open, be honest …..

You know what you will gain respect, you will attract investors and you will be admired for being upstanding

I do hope that Caldwell and his team can bring this whole sorry mess to a conclusion soon.

Looks like it’s sell Cascabel after a spin out of everything else to me now

Get it done

Maybe I was being overly hopeful on the 50 & 60p’s Orthern

My honest guess is 33p-49p as this would represent a double from the recent placing price or a treble at top end

I reckon the bigger holders would agree to 40p-49p as well - to bring this sorry story to an end

A nice return for anyone buying or getting involved now

But a bit of a disaster really for the majority of LTH’s who have been on a multi year journey here, when considering the risk profile

3p/4p riders to 40p with an exit at that point and no further purchases during the journey played a blinder - sadly I doubt there are too many of those …..but if your reading and are one of these - I tip my hat to you

Potentially DBW - and it’s possible Maxit have picked up a few cheaper shares through associates or friends etc (not sure if it’s allowed or not - but back in the real world) & maybe even had a few shorts in play - which would be cancelled out on the issuance of SOLG shares - not closed prior to the event.

But my honest hunch is they were not expecting the SP to retrace quite as much as it has. I’d imagine they expected the drop to 16.6p following placing - then thought the anticipation of corporate action / build to merger etc would cause a slow drift upwards in the SP

I think the drop has caught them on the hop - plenty of emails etc will have hit Fawzi’s desk over the last few weeks - Nicks phone will have been beeping with what’s-app messages and Bob & Cauldwell will have also had there ears roasted somewhat.

I think they all expected the merger to have happened by now and their ‘after merger’ PR offensive would have already kicked off in an ideal world.

Being down at 14p doesn’t really help anyone right now - except suitors

My gripe has always been when delays happen is the time you need to get on the front foot and earn your crust - best laid plans can go adrift in business but you’ve got to react ….switching off and saying we will communicate after merger is a lazy/worried/unsure approach

It’ll be worse if no additional news is released alongside the merger as this will have indicated that there was no reason to delay/switch off comms

But hey we are where we are

Roll on our exit

I agree DBW - Jiangxi were given the 16p shares as we needed the cash - backed into a corner of our own making. Cuzzubo should have placed around April May of last year but was busy with his own plans to drive us into the dirt. We also needed to dilute BHP / Newcrest so it had to be done.

Jiangxi won’t in my opinion want to stop at 6% but they are not just gonna pay a huge premium unless they have too - the Chinese have deep pockets but are no mugs. Do BHP still have desires on SOLG well that’s a debate in itself - personally I’m not convinced, they may get involved if it’s looking silly cheap but doubt they really have the desire to pay the big bucks - do they want to enrich Nick and Bob who told them to F… O… I doubt it

I do think there will be others who are sniffing around especially now we are all talking 40,50,60p (or less) - but getting the first bid is all important.

I was hopeful that Jiangxi were gonna move as soon as merger completed - but they will be watching the price drop day after day - so why move now when it’ll be cheaper tomorrow …..’if’ there are no other bidders

SOLG need to reverse the direction of travel and fast - back to my point about building excitement / momentum as right now they are looking lame and without real strategic direction

Personally DinnerMoney I don’t see the need to place the CGP shares now - totally agree we’d only get 14p ish if we were lucky and to suffer additional dilution would just be unwarranted - we don’t need the money

Maybe right at the start of the merger a placing of these shares may have been a worthy consideration but as soon as Jiangxi we’re brought in in the cheap I think that negated the need for a further placement

Return them to treasury and offset the ones placed to Jiangxi - every penny counts now when it comes to the final take out value

If we are lucky enough to get a bidding war how long could it take - six mths ? Would that be enough time to even bother on a new drilling campaign to add extra value - I’m really not so sure. It could serve as an impetus for any bidder to get a move on maybe but to me my initial thoughts are a new drill campaign is another can kicking exercise and do they really have any road left for that ?

They need to tread very carefully indeed now

No more wishy washy presentations

The trust has gone - blown away and from that position it’s very hard to regain it

CGP holders will soon have their SOLG stock and without a positive reason to hold they may well dump as soon as they have the ability to do so in a liquid market - remember many of those investors trust SOLG even less than we do !

Their credibility is around the zero mark - we are somewhat fortunate that Nick & the new CGP team have enough skin in the game to align on the desire for a good exit - although good for me has diminished a lot over the years and even more so over the last few mths

Merger was announced in Oct - so was probably agreed in Aug / Sept ….surely that’s enough time to merge two rather small companies. We are not talking multi billion pound mega giants here

It’s action needed now - I’m done with their empty words

Good to know DBW - however the problem is now that very few Investors believe a word that is written into presentations. Unfortunately SOLG have fed us so much information over the years which hasn’t come to pass that anything they put out now will be dismissed.

Remember all the Gantt charts with timelines we have been given - or Cuzzubo’s presentation which was given after we all dialled in only for him to have been sacked a week or so after - RNS’s that are never followed up (JV search for tennaments springs to mind) - pretty much anything the company puts out now will be instantly dismissed out of hand as more misdirection and dare I say it bull s….

It’s only actions the company make that are a guide to really what’s going on and on the surface right now these actions are few and far between

The market wants to know the merger is complete but more importantly what comes next - they have had long enough on the SR - what’s the outcome ?

I personally don’t want another slide deck and certainly not a ‘monster in the making’ pic of old T-Rex

If the company doesn’t come out and clearly detail that they are selling and are in advanced discussion (ideally with multiple parties) then the market will puke

Personally I’d like to hear from Caldwell or have another swinging bat media piece from Sangha as I want to know if that bat has connected yet or has it been popped back on it’s rack

We really are at the crunch stage now and the company needs to get some trust and faith even excitement back - no slide deck is gonna provide that

Fingers crossed it won’t be needed

If anyone of the investors here has any ears into SOLG towers please pass on the message that the time for them to communicate is ‘Now’

No more hiding away
No more delays
No more excuses
No more nonsense
No more blaming someone else
No more - blind Freddie’s, paddling one’s own canoe, French translations, - basically cut out the bull
No more missed deadlines
No more excuses
No more pointless presentations
No more gravy train
No more over inflated salaries for delivering zero value
We have gone nowhere in terms of SP progression for yrs and yrs and yrs and yrs
SOLG mgt should hang their head in absolute and complete and utter shame
They have failed - even if they sell it tomorrow (they won’t) but they will have failed
They will all point at each other, all blame each other or those that have escaped and left the company - but they should look at themselves

Even the steadfast SOLG supporters of which their were many are beginning to turn en-masse

PI’s have been treated poorly and I’m certainly not a million miles away from being the only one who thinks this

So tell Fawzi, Mather,Caldwell and anyone else who hides away in the shadows at SOLG that you as investors may have the ear of that their performance is shocking - their comms is the complete pits and the quicker this misery is ended for investors the better

Just my opinion of course
But the swell of discontent is building by the day

It’s time they listened

Yep moving on

Well done ALL and team ….17% upgrade on MRE just published !!! And within January just as Neil mentioned in his comments recently

Great result

Thanks Dinner Money - doesn’t sound like it’ll be too lengthy a document. So I guess it’ll be published shortly.

Yep Not2Sure ….rather ironic that.

No problem bankrupty thanks for the apology

If I have offended you in some way today - I offer my apologies - certainly wouldn’t have been my intention

Of course that’s your perogative to stick to your guns on your other points …..I only wish I knew what you meant

But hey let’s park it there and agree to move on …hopefully

Good Luck to yourself bankrupty - we seem to have gotten off on the wrong foot.

I shall reflect as soon as your anger resides - if I have offended anyone I will apologise - ‘sunshine my sincere apologies for calling you sunshine’

You are mistaken bankrupty - I referred to a poster as ‘sunshine’ as their name on lse is indeed ‘sunshine’ refer back to the post I responded too

Still haven’t a clue what your on about bankrupty.

Yes they are all my quotes - still not sure what you are on about

Make your point then mr Angry - asking me to read back and consider my posts and how I have come across, making me chuckle sitting here - were you a headmaster at some point in time, or maybe still.

What are you on about - bankrupty

All or nothing - and was you thinking I’m earthling or was that some kind of old dig drawing a similarity to an old SOLG poster ?

I’ll pay homage to whomever I choose thank you very much, invested or not invested they still very much make very valid points which is more than can be said for some of the drivel posted.

Leave you alone …..haha this is an open chat room pal which is easily accessible from my ‘shack’ so no need for me to return back to it.

Oh great DBW - a new presentation after merger complete - I do hope it has some of those timeline Gant charts in it which we all used to believe in ! Or maybe some slides showing our peers valuations (which we are nowhere near !) or maybe a few pics of our chicken farms and vegetable patches - with a cheery Equadorian holding aloft one of his prized cabbages …hopefully they will also have a French translation version ready for our new investor colleagues from CGP, maybe some pics of Warren and Nick hugging on the final slides to show we are all one big happy familly. Maybe we could all dial in to see the presentation given by whoever is left at SOLG towers , with the presenter looking over his shoulder awaiting the dreaded hatchet man of job executioner who often follows the presenter of the day.

Can’t wait for the PowerPoint - so we can all disregard it - call it out for the nonsense it will contain and can continue our merry skipping down the road towards the promised land of a sale

They have had four mths now to pull it together so I’m hoping for a good few number of slides …..will they have enough Billy bull to fill out the content

In the last RNS SOLG mentioned they planned to provide a prospectus prior to the closing of the merger.

the Company expects to publish the prospectus shortly and complete the Acquisition soon thereafter with the issue of SolGold shares to Cornerstone Shareholders.

I always thought a prospectus was something published prior to an event to contain the details of a transaction to show the benefits and finer details

So why are SOLG producing a prospectus for the merger a few days before completion ….or is it a prospectus for something else ?

Also why did they only mention this prospectus a few days ago ?

Sorry if I’ve missed the point on what this prospectus actually is

Typical SOLG RNS always leaves more questions than answers ….but that’s the way our team loves to roll - tell us nothing and shroud everything in Billy bull