Member Info for Jerryspaniel

RK, you are absolutely correct that it isnt a straight read across. You might struggle to compare reserves to reserves?

Having said that its definitely not bad news.

Just glad that Smallsea Silver isn’t mentioned…..

Its about £3m pa to be on the main mkt. No hurry imo.

Sorry Colonel, not corporal….

rk, i don’t disagree that it should valued way higher, but it isn’t. i have analysed a few deals in the past and mining deals are the hardest. some many things unique to every deal. grade, tonnage, depth, impurities, aisc, jurisdiction, local skills, taxation, legal, management (!), sales route, ownership. probably missed a few.

not sure i want to put my trust in belief statements…..

as i have often said ‘great asset (i think), absolutely **** management’. something i think even the corporal will agree on.

Colonel, the money that Franco and Osisko paid is because they expect it to be mined. But it doesn’t assume that Solgold will mine or sell it for a high price. Just whoever does mine it will be on the hook to both of these parties. They really don’t care what happens to Solgold.

I won’t discuss GGP with you cos a) this isn’t the place b) you are completely clueless about the company c) you have no interest in GGP and d) why should I waste my time telling you what is going on there?

RK, I have absolutely no interest in catching this falling knife.

My investment has been written down by the market, sadly quite rightly in hindsight. I don’t expect to get my money back, but will be delighted if you are right and I am wrong. I think both you and Fort are reciting the traders prayer about 20 times a day on here and elsewhere, with hope rather than belief, emotion rather than facts. But that’s your prerogative I suppose.

Colonel, if you were right this would have been sold by now. It’s hasn’t, so you aren’t.

RK, As a former building society exec, you must agree that having 6 months money isnt exactly cashed up. Assets in the ground is exactly that, in the ground. More streaming deals just prolong the agony as it makes the company less saleable.

Point 2, they may not have a choice.

If you know anything about Wyloo (and I do), you will agree that it was a unique set of circumstances that wont be repeated here, as there isnt another Wyloo.

And finally your last point, No, not much.

The other obvious point Add is that one view is from a keen seller and the other view is someone who wont be a buyer.....

Add, It was a while ago, and higher metal prices will make the hardest to mine deposits easier to justify, and technology moves on. He worked for a mid sized company. Maybe the largest firms will be able to see beyond the complexities.

I see that BHP are looking at Oak Dam in Oz. The deposit is 700m under cover, twin tunnels taking 6 years to complete. No ore for at least ten years. But thats Australia not Ecuador.

Terry, I didnt say 20p, I said in the 20s.

Its an opinion, like yours and everyone else on here. But when no one has bid yet and the queue for that data room isnt a queue anymore, what do you think the buyer(s) will be thinking? 'SP at 8p, ooh I think I had better bid £1.20 just in case there is someone who might pay 35p'.

When you have run out of money and there may be only one or two buyers, who do you think is in control of the process?

I havent really bothered to post on here for a while given the petty squabbling and entrenched views being repeated over and over. But IMO the situation is becoming clearer, though the end result isnt. Here is how I see it:

1. This isnt an easy sale. I know that the deposit is very complex and the cost to mine is enormous. Why do I know this? Because someone who works for a company who has looked at Alpala told me so. He is a near neighbour. It puts a lot of people off.

2. SC might not be everyones cup of tea, but is there an alternative that will get a better result? I really doubt it. Another mgmt team will weaken the sp further (more uncertainty) and they will be trying to do the same thing, but it will waste another 6 months min.

3. The past has been an unmitigated disaster. Clearly an appallingly run company with blame all over the place. A complete rogues gallery, Mather, Ward, Cazzubbo and probably Twigger too (though I have it on very good authority that he is a top bloke doing an impossible job).

4. Quady still thinks that we are going to production with a staff of seven and no management skills, but we can hire in hundreds of people who are fully qualified and just walking the streets of Quito looking for a job. He says listen to the company - 'We are mine finders, not mine builders'. I just did Quady, sounds pretty emphatic doesnt it? Any move to mining will be the final nail in the coffin, proving that there is NO buyer out there.

5. So 45p to 8p might be The Lassonde curve, it might be junior miners getting crushed or it might be that Solgold is one of the worst run companies in history. Probably all three.

6. We are left with one plan, and everyone knows it. The hope is that Alpala is such an amazing deposit that every big guy wants it and a bidding war will ensue. Its a bit like the traders prayer - 'Please God get me out at breakeven and I promise I will never do it again'.

7. How many buyers are there with this kind of money, who hasnt made big recent investments elsewhere to keep them occupied? BHP and the Chinese. Maybe the Chileans. Forget about Gina, Twiggy, Barrick, Newmont and Lundin.

So we are left hoping and praying that the Chinese want it and will pay a price in the 20s. There is no alternative. All IMO....

Bozi, he has written a book on it!

You are absolutely correct Starbright. All these options are valuable as options, as they confer the right, but not the obligation to buy the shares. The 'value' as options is lost when they are exercised. Time value of money and all that.

IMO there are only two reasons in this case why they would be exercised earlier than near expiration. Firstly to launch a bid for the company and secondly to acquire voting rights to stop someone else buying the company. IMO I think both of these situations are unlikely atm, though obviously not impossible.

People who think options should be exercised just because they are itm dont really understand options.

Two different things Frigger. He said no way upcoming MRE will be 20m but previously said if you do the volumetrics it’s easy to get to 20m.

Gina Rinehart has bought two 20% stakes in Lithium companies in past two weeks. Quiet? Hardly.

Quady, the opposite to a sale is a purchase. So is Solgold going to buy Cascabel? That would be a novel idea.

MH01, that isnt how I understand it. Share distribution. Not sale and cash.

Morning Sand. Nearly every holder of Sve held because of their investment in Ggp. Now those Sve holders will actually hold Ggp shares. You could make the argument that Sve was so illiquid that the shareholders couldnt sell Sve even if they wanted to, Now they have a more liquid investment so they can. But overall I think most Sve holders like Ggp and so will not be sellers. Thats how I see it and I wont be selling.