Member Info for Jerryspaniel

Oh no you aren’t!!!!

Anna tells me that the drill results that were announced today were for holes that were STARTED last year. Some of these holes were 2km deep. In addition core samples are sent in batches and not dribs and drabs. None of the results have been reported before.
Obviously that means that any holes started this year havent been reported, so we have plenty of drilling results literally in the pipeline.

Hi OWAN. You maybe correct in your thoughts. What I would say though is that there are various events which take miners from uninvestable to investable for many institutions. Completing a PEA would de-risk an investment for many people. So the universe of potential holders of Solgold may increase substantially.
Similarly all the PFS etc would also move the company along the risk ladder.
I will be watching the Masters and having a drink, probably at the same time.

Fortunately I dont even know what a 'troll' is! And please dont enlighten me, as I will get by w/o knowing.....

Quady, isnt the 'go for gold' strategy that NM has talked about supposed to mitigate the lack of surface grade Cu, and give some front end loading to the economics? I agree with you on the PEA, but more because its delayed, unless of course NM has absolutely no idea how long it takes to produce a proper PEA/PFS!!
My view on the shape of the forward curve of Cu is that it is absolutely not a guide to the future direction of the price, but more to do with tightness or otherwise is spot supply/demand. A contango is just the normalised shape and a back is because there is a squeeze in the short term.

Addicknt. Firstly I always appreciate your wise counsel, so I like to read what you have to say. As a former trader I always think of downside risk first and foremost. I didnt think I was getting pessimistic, but maybe I am always that way! We have always had the political risk and I think that is being managed as well as possible. We also have the mine development risk, which firstly I know nothing about and secondly could be fiendishly complicated. The fact that the PEA was/is delayed alerted me to that possibility, but if the resource gets bigger I would have thought that any mine development plan would get easier - more expensive but not necessarily on a per ton basis.
What has changed is that the company was really good (too good?) at sending out news and updates. Now they are closed to that and we dont know why. Small companies need to have the absolute trust from their shareholders and I think they were slowing losing it from me.
I dont know whether this RNS will be the start of more newsflow. My guess is probably not unless and until their 'plan' has matured. Except for playing games with CGP (which simplistically I think is an annoying distraction), i do think we as shareholders need to be better informed.
I see the sp hasnt moved, so I will go back to looking at GGP which has most of my attention atm.

I, like many others on this board had grown increasingly frustrated with the lack of newsflow and I thought this was deliberate, though I didnt know why. I too had sent Anna an email which wasnt replied to. Last night I had decided to sell half of my holding (I have over a million shares) as I had lost confidence in the company.
So todays news is very welcome and will allow the company to regain some of my trust. I wont be selling any shares but I am still not sure what their game is, though my biggest fear (a problem with the PEA) has been allayed by the good to excellent drilling results.
My take on the RNS is that they really didnt want to release this and its done in a way that doesnt allow one to get a good handle on any potential resource upgrade. It comes with a muted so-so comment from NM.
So they continue to play games with the market. I dont like it but I will go along with it for a bit longer.
My own lack of postings was a combination of holiday, not really having anything to say and anything I did say was going to be quite negative, though with nothing firm to back it up.
I would like to think we can all move on now - including the share price!

Agree. I picked up another 500k and it immediately showed as sell. Given it’s all automated it does mean that purchases are going through nearer the bid than offer. Which isn’t exactly a sign of strength.
Still got a few more to buy before I am done.

Hi filthy. Just leaving hcmc for kl. you are right about the weather!
Back in sunny Sussex on weds. So far the sp move has paid for the hols. Would be nice to have paid for the rest of this years by time we get home.
Only got another week for Anna to be true to her word about multiple announcements in March. Monday or Tuesday got to be favoured as nobody announces good news on Fridays. Getting a bit leaky imho.

Very funny.
What’s the betting it will still be between 36/37.5? And if that’s the temp it had better be Celsius!

Wso. Have you heard anymore as to why there was no announcement today?
Was there a change in plan or just bum info?

I am no accountant but isnt there some accounting rule about how you treat minorities at various different % levels? I seem to recall 25 or 75% being an inflection point. Dont recall any LSE rule till 29.99.

I agree S4, they have nothing to do with each other. But for some unknown reason NM may be holding one back, waiting for the other. If I was him I would have thought a steady stream of positive news (over say a 3 week period) would be better than all in one go. Unless of course there is some bad news he needs to offset?

I think there might be something to this. I have sent Anna two emails asking things that need to be answered and no reply at all. At least one other has received the same deaf ear. I wonder whether others are getting the same? I would have thought that she would have been in Toronto, so she cant be on holiday and if she was surely she would have auto reply on.
Worthy of a conspiracy theory I would have thought.

DBW, its always beautiful in sunny Sussex!!!
If the stock could be worth £3-4 in a bid, why is it trading at 37p? It should be about £1.50 if that was the case. Cant see us getting much over a quid this year. Maybe if we are trading at a quid by xmas, we could get over £2 next year, but thats the limit of my expectations, though obviously not my dreams.

I def think its in Solgolds LT interest to buy CGP and get the threat of NCM or BHP buying it off the table. Not sure why they havent initiated a formal bid to see what the appetite is. They can then enter proper discussions and raise the bid if necessary. Obviously not basis the daft suggestions from CGP management, but if a little bit more helps then fine by me.
One thing CGP seem to dwell on is the illiquidity of the SOLG Toronto quote. They are right but a) it will be more liquid with the CGP s/holders converting and b) they have the option of trading the London quote which is obviously much more liquid.
I have to say that the complete lack of newsflow for a company where there is a lot going on is very frustrating. The amount of news that has been built up over the past 4 months must be substantial and whether its good or bad, Solgold are in danger of creating a false market in the stock.

I don’t know where he gets the idea that solg will be a major? Even if it’s a big mine it’s only one in one country.
Majors are very diversified. Solg isn’t and won’t be.
But it’s more good copy and allows him to carry on the mystery.
If they ever become a miner it will be with someone else in charge imho.
But my thinking is the company will be gone in 2 years.

I wonder whether NM is going to say anything new or interesting tonight? He could if its after the Canadian close, and then put out an RNS before the market opens tomorrow. Or he could just say the same stuff he has been saying for the last 4 months. If the latter I suspect any one of us could do it.
I have asked Anna where and when can we get to see/hear/read the golden words of Solomon....She hasnt replied yet. Presumably cos she is in Toronto.

Earthling, what happened when you reported yourself?!!

I absolutely agree S4. Pad has a lot of good stuff. I also rather like WSO and his/her thoughts. I am sure we have all posted things we rather regret.
They have put their 'reputation' on the line with Friday and thats more than most on here. I would like him/her to stay and add to the discussion. More thoughts from Oz the better.
What would we learn if we all said the same thing?