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Addicknt, now we have Franco looking to get fully loaded up on SOLG streams, I think BHP and others know the 'disruptive' game is over. They can't use the same bully boy tactics now the forward picture is laid bare.

Franco and likes of BHP do not mix too well (as buddies) so Franco is a solid defending partner but lets not forget they only get paid out when mine is producing so they are as keen to see other cashed up partners or further funding when DFS hits and decision on mine is made.

I think if anything was in doubt, you'd have had the squirming management letter to shareholders saying please please please get your votes in and support your board. The fact that nothing has emerged that suggests Bob or Scott are worried (and they have had a live feed on AGM votes as they appear over last month) I think you'll find all goes as expected today.

Shanta gold and centamin are nothing like SOLG. Yes they have gold reserves but there's simply no comparison to be made.

Pi's/retail investors often fall into the naive position of adopting the sp at the current time as the basis for any bid.

As I said, forget the so and concentrate on the asset. Now... Bozi et al, go find me an example of a top tier 1 asset that is part or 100% owned and that has not gone for market benchmark pricing eg based on resources less usual regional / project risk.

You won't find many Tier1 mines that sell under $2bln even for 50% stake. We own 100% of one of the best Tier1 mines out there and over last ten years on a discovery basis. There haven't been many discoveries of that size since... I wonder why??

Because they are special. Very special. Which is why Franco are getting stuck in.

So forget the sp rollocks. Look out there and find a tier 1 mine that has gone for under $3bln.

The sp will align when it has to. This market has already proven to be hopeless at valuations. Thankfully we have metal prices and benchmark resource prices to underpin our asset.

Not many Tier1 mines out there that are even close to Alpala's credentials. And I think I'm right in saying that the majority of Tier1 mines are in Super majors or Nationals hands.

Our time will come. And when it comes.... it will happen fast. Those on the sidelines will find it hard to get in. Likes of IG and co just stop taking bets when it suits them. So they'll shut the door on new punts as soon as they get a sniff of an offer coming. The big boys will bowl in when they need to. For now... it's paint drying stuff. But that will change.

Jerryspaniel

An offer won't be based on the share price. It will be based on the asset. Simple as that. The share price will align to the proposed asset price. The disconnect at the moment is down to the fact that we are in a market whereby it discounts assets like SOLG's by 90%+ simply because it can.

There are many examples out there where offers have resulted in 5 or 6 times the lower end share prices.

Someone can try a bid at 40p, but that's a tier 1 asset (one of the best of the decade) going for £1.2bln.

That sort of thing never happens. Like seeing a brand new ferrai asset price £900k being sold for £90k.

No going to happen.

Forget the current sp, it's irrelevant as there are no dilutive equity raises needed (at the moment). Just focus on the asset and resources and regional stability/risk factors. The sp will take care of itsself when the time comes.

Mm's do seem a bit guarded on the offer price and keen on the bid.

Only AGM tomorrow... I can't see there being any significant news unless they intend to drop the CIPA news?

35p/40p may well 'fly' but it's not going to succeed.

£1.2bln is way too cheap for a tier 1 mine.

The winning bid will be significantly higher than 40p. Probably double that. Even at £2.5bln, it's cheap.

How many more years?

I think had 'covid' not happened and subsequent inflation woes, we'd be long gone.

But there's been a reset to some extent and many larger miners are way behind the resource curve due to under investment over last 5 years. So in a nut shell, they have to make acquisitions and are cash heavy after a stunning metal pricing period.

So it might be another 6 months, or could be 2 years+, but like I said, the pressue to replace resources and fast will likely see M&A accellerate (as it is now) and SOLG sitting at about 90% discount to potential 'fair value offers' is worthy of a punt for even a mid tier player like NMM.

Whilst the share price might not show it, we are getting to the point whereby the asset is getting more expensive for any would be buyer. The longer they wait, the more they lose time and the more they have to pay. Market forces suggest on that basis that an offer will come sooner rather than later.

Thanks Jerry, interesting deal and just shows that while it's a frustrating wait here, value wins through 'most of the time'.

The majors need resources and they need them fast. The waiting game is going to cost them valuable time. They simply need to move fast but granted they might want ecuador elections out of the way and a few more ticked boxes.

The horse has bolted on Anglo.... so BHP are going to have to do a rethink on copper. Mmmm.

Mnetione dthese guys before as they have a large gold mine in a rather risky region. Looks like after a few years (similar to SOLG time length from strategic review announcement) they are edging closer to a transaction.

Stock was 15p not long ago. Hit 36.5p today. Just shows the market knows jack sheeeeet about valuations.

Looks like bhp are not going to get another bite as Anglo appear to be defending well with recent reorganisational plans and asset sales. `that said they will be more of a pure copper play which is what bhp want. But the price could be much higher and valuation guide for Solg on a copper comparison resource basis.

Pbow, you've missed the point either deliberately or you're just not understanding where you've gone wrong.

Try answering this... who upset BHP publically ... Mather or Bob? Frankly I don't care much as totally agree with both Bob and Mather for taking a middle finger approach to the likes of BHP and co who wanted to disrupt the BoD's and get SOLG on the cheap and burn the small investors.

My point is your choice to not vote for Mather should be the same for Scott, but for some reason you've made an exception for Bob and his Bat despite the woeful performance under his reign.

Mather didn't dilute heavily... that's why he scored the first Franco deal which was a major boon for shareholders.

Pbow, what makes you think Mather antagonised BHP and NCM?? He didn't do anything of the sort. What he did was put smaller pi's first. The only reason BHP and NCM got wound up was that they wanted to dilute the little guys and get a larger holding. Mather told them where to go and rightfully so. They didn't like the Franco deal did they? Why not? Because it meant their old style game of diluting the little guys was over.

Now, if you are voting for Scott, you do know that he's Bob's little guy? You know the same Bob that said he would take a baseball bat to the majors like BHP and co??

I think you're a bit confused and seriously need to change your vote on Mather as you've proven you have got it very wrong.

I don't recall Mather making such silly public statements like Bob. And look what bob ended up delivering... yes... another round of finance from Franco. It took him a $100m spend to get there and he achieved zero exploration the process.

The CGP boys have been a shambles. And the SP represents the markest view of them .... not Mather. When Mather was in charge the market respected SOLG and the sp was averaging around 25p levels for a few years and higher. The CGP boys have seen 22p highs and into the 5's for the lows. Utterly shambolic.

How on earth is he a negative influence??

The guys got serious skin in the game and has just thrown all his chips in... he's the one person on the SOLG BoD's that really does want the best outcome for shareholders.

Bob and his crew would take 23p or 25p... Mather's the reason we won't be sold down the river.

Still time to change your vote PBOW, but think everyone needs to remember that it was Mather that got Franco involved in the first place. Franco won't be happy if Mather gets voted off. Let that sink in a bit.

Well, regardless... what's the point of TSX to SOLG anymore?

How much does it cost us to be dual listed??

Are we dual listed simply for Bob's canadian chums?

I guess the question is what exactly is the value and worth of the TSX SOLG listing?? It used to have some relevance or requirement due to the CGP holding (CGP were canadian based) and the 15% ENSA stake etc. Now, that's all been merged into SOLG, the exit from TSX would simply be an issue for Irwin and co to manage their currency and tax issues. It might actually benefit them to own non canadian assets or it might present issues.

The bottom line is, SOLG volume on TSX is woeful and as a market it brings absoluetly nothing to SOLG main london listing. So if there are Canadian legal issues with chinese transactions etc then certainly worth knocking that listing on the head. Can SOLG delist from TSX easily??

Solaris move very encouraging and the new CEO makes our Scott look a bit pony. Why couldn't we have had him eh?? mmm... coz Bob would not have liked it.

I think BHP would have bunged in a £1bln offer (33p) by now if they thought they stood a real chance here but the fact that they haven't suggests they are are wary of making first move and seeing this bid to the starts aka Noront affair.

£1bln is nothing to BHP. Yes, it would take another £3bln capex over 3 or 4 years but it's still nothing to BHP.

All involved appear to have cards closely pressed to their chests.

Someone will make a move but that someone will likely be someone that doesn't believe they'll get it in the end imho.

When it happens, it will happen fast. Very fast.

Assuming your average Tier1 mine equires about $10bln over a decade period spent on it, BHP seem to be suggesting that the market needs 25 Tier1 mines actively producing at near peak levels.

Looking at recent discoveries, I can't see 25 out there. I can't see 15. I can't see 10. There's possibly 5 at best and SOLG owns 100% of one of them and has a portfolio which potentially contains another 5 or 6 according to Mather. ANd he knows his apples from his pears.

Get your votes in by DEC 2nd for the AGM. Some brokers have an earlier deadline. And make sure you vote Mather back in or you'll never see any exploration ever again here.

A friend I chatted to about 4 years ago has just called me and said WTF happened to the asset / company to cause the share price collapse.

I thought he was taking the pi55 at first but he genuinely had run the ruler over the business in 2020 when I told him it was worthy of some attention. Covid then arrived and he shelved investment plans but is now looking at investing into some speculative businesses again.

So... I answered his question and said, the asset is more derisked. I said it is now 100% owned. I said there were another 800m shares+ added so 3bln in issue now. I mentioned Noboa and Ecuador. I mentioned the $750m finance deal.

His response was a simple one... WTF!!!!

When he last looked in 2020 the business looked good and share price was 25p+.

Today's it's twice as good as it's 7p. He's baffled.

Trouble is, I said... we live in a world now whereby Trump can get re-elected, where Musk (owner of X) becomes a US government player which basically means that X is no longer a free speech platform and actually a government control media spin platform where certain tweets get deleted and others get promoted.

I could go on.... but in nut shell... it's all a bit xxxxde up out there right now.

HereforHemo,

There are many examples out there of resource rich assets that are 'bought' by majors or others without all permits or derisking. In fact, I'd say it's the norm. Majority of majors seem to prefer to 'get in early' rather than wait for projects to be turnkey status and at a significant premium. Some majors that are short on copper resources 'NEED' projects now and don't really want to wait for another year or two before making key purchases as they'll be left behind.

The good thing with SOLG at present is that there are stream deals in play which has taken the issue away in terms of ongoing finance. Key boxes need ticking along the way so not risk free but chances of getting heavily diluted like GGP or HE1 etc are low here. You wouldn't know it looing at the share price today. You'd think the market is setting up for a hugely dilutive fund raise.

It's always a nasty hammer blow when investors get shafted with large equity raises at cheap prices. As you know with HE1. When's the next one coming is always the concern with HE1 and others. But I doubt you'll agree on that one as you're invested over there... which might explain your ramping and deramping over here lol!

Pi's don't change... they just swing around with whichever stock is of their favour. They then set their mind to suit their trading positions. Nothing wrong with that at all. But it creates an illusion of surety which is no more than a comfort blanket rather than based on anything factual.

SOLG will be just fine. Franco know it. Osisko know it. BHP know it and NCM, Jiangxi et all know it. If they didn't... they wouldn't be here.

Alpala is an amazing asset. World class. The next events when they unfold will surprise you. I'm pretty sure of that.

scott is just bob's guy...you can't compare scott to mather... it's like comparing a kid to his dad.

the point is, bob is running the show not scott. and that show has beena. shiiite show over the last 2 years.

his bat has turned into a floppy banana and he's proven he's got nothing up his sleeve at all.

mather secure the original franco deal stream. mather is the explorer.

there's no one more arrogant than bob... who bascially said he has a bat to swing at the majors.

seriously... what a complete old **** he is.

as for mather, he's the reason why we have alpala. bob's 15% interest in ensa was minor. now he's running the show on the full 100% when not long ago he was looking like he couldn't even fund his 15% stake.

so anyone that thinks or compares scott to mather is an utter noob. it's about bob or mather... and both have egos. scot hasn't got an ego for the simple reason he hasn't ever done anything to deserve an ego!

he's done nothing of note in the past and done nothing of note while he's been at solg.

useless but he serves a purpose for maxit and bob's crew.