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Spot on rcgl. Been saying this for the past week or so and firmly believe that we just need a bit of positive news on the regionals to reverse the current decline and see us back in the high 30’s again or if the news is exceptional we might creep back into the low 40’s IMHO

From Wikipedia :-
Electoral system
The president will be elected using a modified two-round system, with a candidate required to get over 50% of the vote, or get over 40% of the vote and be 10% ahead of their nearest rival to be elected in the first round.[12] The president is limited to two consecutive four-year terms.[13]

To be fair RK you did post last week that you had sold 50k shares to reinvest elsewhere (this was about the same time ish that Iceberg / Phattrader did likewise) and truth be told I kind of guessed you would sell a few more and in your shoes I would probably have done the same. As I posted recently I am hopeful that after a mini sell off by some PI’s with large holdings following the AGM things will start to stabilise by the middle of this week and if we do get a long overdue RNS about some of the regionals then we may start to see a welcome upward movement in the SP IMO

I could be wrong but also think that in the first round to be declared the outright winner you need to get over 40% of the vote AND also be more than 10% ahead of the nearest other candidate? Sure that is what I read somewhere but then again I could have imagined it lol

Where have all the posts gone from today? It’s a bit rich when Admin remove posts with little or no abuseivness but can’t get their act together to remove the serial disruptor whose posts warrant locking up never mind a smack on the wrist! You really couldn’t make it up if you tried!!!

DBW - Thanks for seeking clarification on this point as since the AGM there has been a slow slide in the SP driven by relatively low volumes but nevertheless around double the sells vs buys. Personally I think this is about PI’s with large holdings (eg: Iceberg / Phattrader) who have decided to move funds elsewhere which of course is their prerogative and I wish them well with their investments! However the negative overhang from the AGM should hopefully have just about run its course now so I’m personally hoping that by mid week next week we may see buys vs sells level out which should see more support for the SP. Not withstanding that it would help if Solg provided a much needed boost with some stonking assays from the regionals! Stay strong Solgers and hold onto those golden tickets which will surely be life changing in the next 12 months IMHO

Agreed Q. There is absolutely nothing negative about this (other than a slight delay in publishing the PFS) As Nick says it’s a high quality problem to have with the discovery at Tandy significantly impacting on the upside for the Alpala development! It really is all very positive IMO

FTF - See below extract from 17th Dec RNS

Commenting on the discovery at Tandayama-America, SolGold CEO, Nicholas Mather said:

"This discovery will impact significantly on the upside for the Alpala development. We will have to carefully assess the impact on currently planned site infrastructure however, it is a high-quality problem. More copper and gold discoveries will add to Alpala's already impressive credentials in a robust copper and gold market and a supportive nation. The quartz diorite host with close similarities to the richly endowed QD10 intrusion at Alpala is indeed an encouraging element".

As NM says “It’s a high quality problem” ie:- It is impacting their planned site infrastructure at Alpala.

Personally I don’t think it’s anything to do with moving infrastructure above ground my take is that during their Geo Tech drilling they were surprised to find some good grades in and around the area of Tandy which was going to be where some of their underground infrastructure was sited hence the need for a rethink which can only be a good thing as it could mean we have found more mineable ore directly adjacent to Alpala at Tandy. If so then happy days IMHO :)

unfortunately events conspired rather cruelly to delay drilling of the regional targets (Delays issuing mining permits, constitutional challenges, Ecuadorean protests / riots, more constitutional challenges, delays issuing water permits and then to cap it all COVID!)otherwise by now we would have been at least 12 months further on with exploration which judging by what we are seeing from the initial drilling at Pov and the excitement about the Rio prospect would have been transformational for Solg and critically the Share Price which would surely have been at least double what it is now!

I believe this was fundamental to Nick’s plans as it would have allowed him to conduct equity raisings on much more favourable terms and avoid significant dilution for all shareholders. But sadly that’s not how history played out so he had to be more creative in how he raised finance (enter Franco and the start of acrimony with BHP & NCM) and he had to play for the time lost by delaying the PFS/DFS on Alpala to allow more time to realise the value of some of the regional targets and therefore when finalising the CFD package the equity raising element would be conducted based on a share price much higher than it is currently which would help reduce the impact of dilution on shareholders.

But as the saying goes “We are where we are” so no use crying over what could have been, but it may help to explain why Solg are dragging their heels with the Alpala PFS and in that context I would personally urge more patience as the longer we can kick the can down the road on any potential JV on Alpala or a full blown bid for the whole company the better chance we have of proving up the regionals and getting much nearer to fair value for our investment instead of a takeover on the cheap! Just my opinion everyone but for me it’s a logical assumption and I would welcome your comments.

In a similar kind of way takes me back the the self styled expert “Angry Geo” (Think that was his name?) Like this lot he posted his take on Alpala without any of the necessary confidential information (The kind shared with the likes of BHP, NCM & Franco when doing their due diligence) purely basing his assumptions on stuff within the public domain and his assumptions about Alpala were ultimately shown to be way off the mark! Likewise Crux will come up short on their assessment once the PFS, DFS & CFD are finalised. Just my opinion but let’s face it based on the going’s on at the AGM, BHP & Newcrest are prepared to fight over control of Solg and they along with Franco have hundreds of millions invested in this business and having done their due diligence wouldn’t be investing that kind of money unless they were pretty certain about what Solg have discovered at Alpala, it’s value and most important the economic recoverability because they are global mining giants and experts in block cave mining so you would think they know their stuff a little bit better than Crux?!

Red - You were right first time 34 down to 24.4 (27% down)

Maybe the bubble has finally burst over there and we might finally see more pi investment in Solg from those who had piled into GGP?

CD - I came to the same conclusion namely the director who resigned suddenly both from Solg and from recollection I think DGR as well? Said person had been with NM for over 10 years but since the resignations hasn’t been heard of since. Just my opinion of course!

Don’t disagree DBW as for some time I have suspected that other “corporate” stuff was going on behind the scenes which may or may not include a JV on Alpala? However not withstanding that I do think we are WELL OVERDUE some assays from the regionals and the longer they withhold them the more downward pressure it puts on the SP! Come on Solg give us something to shout about!

will have been dragging on behind the scenes since the AGM so would it be right to assume that this may have been a major distraction from Solgs day to day operation and now with this matter put to bed ( for now) we might reasonably expect to start seeing some RNS results from the regional drilling programmes? Or am I being too optimistic lol :)

in early afternoon trading ( 250k, 300k, 175k,) which I’m assuming are holders such as Iceberg reducing their holdings! Really appreciated Icebergs knowledge and how he was happy to share his thoughts on this board. He will be sadly missed but hopefully if he has retained 10% of his holding he might still be inclined to post every now and then? All the best!

Can we have an RNS tomorrow! We are well overdue news on the regional drilling programme not to mention what’s happening at Alpala with the Tandy drilling and a bit of clarity regarding the NM Reuters article wouldn’t go amiss!! So come on Solg pull your finger out!!

I must confess to thinking he looked very glum ( but then again when doesn't he lol) I was noted that he sat just about as far away from the web cam feed as was possible without being in another room!

Ship - Thanks for sharing the information. Any indication on timescales when Nick will explain what’s going on? Cheers

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