Member Info for JG1964

FTJNY - Which recent discovery and which FD resigning? Did I miss some news?

Massiveray - they will say what paper loss as they will have sold at 41p and will buyback exactly at the bottom.

Novice Hunter - I like the bit about an "investment for the children" - how far out do you think this will bear fruit :)

Anyone know why anyone would be in a rush to bid for Solg? Wouldn't it be better to just let Solg prove up current sites, produce DFS and spend their own funds on the regionals and get Solg at effectively a cheaper price net of this expenditure?

Rumours of a bid for as long as I remember - no one has a clue what will happen next with Solg and that would include Solg itself. I include myself as clueless at the top of the list - nobody has predicted anything correctly including the timing of the PFS and those constantly shouting over others have not got much right.
I guess if you say bid or production enough times you will be correct and demand bragging rights.
So what is the next RNS ? Funding requirements, a regional JV, results of some hole dug up 1 year ago or another tier 1 discovery .
I am mouthing off as down a huge amount from pre-PFS announcement solely down to my own greed.
Those day trading well down, just wish I could always sell at the top and always but at the bottom -guys what is the skill to do this in reality and not in some deluded dream.

Excellent results and relieved. Hopefully we will all benefit in a significant uptake in hare price.

the delay in producing our 2021 results is unacceptable and embarrassing and significant changes in our financial control, risk and governance structure and resources are being implemented and planned, including several significant additions to the central and Content practice financial teams and the Audit Committee. Brought a smile my face -looks like an internal problem.

Anyway, all's well that end well.

Well done SMS and employees.

Good news re:RNS and nice rebound -feel much better

Hi Haggismchaggis1,

Thanks for your comments.

Your comments on disagreement makes sense.

However, PwC forgetting deadline - no chance (I was an auditor years ago and new have regular catch up prior to deadline with frequency increasing as deadline approaches).
Also, not quite meeting the deadline does not make sense as a month has past and they would have been released a few days after if that was the case.

We will find out sooner or later but would have been better for S4 to has stated the reason - transparency always better than keeping the shareholders in the dark.
Once again, thanks for your comments.

Agreed Cardinal, it can only be a disagreement of some sort but considering it is described as not material, why does it take a month to sort out. If it is a delay due to Pwc needing more time, they should just say so

Do not understand why PwC left it to the last minute IE day before, to say the accounts were not ready for sign-off and release - does not make sense - esp as it has been weeks since the last minute RNS - they would have known well beforehand they would not be ready - not deramping as own 12,000 of the shares and painful watching the share price fall

I am sure that even if Solg found at surface a 1km radius pure sphere of gold or copper, the markets would respond with the fact the find is the wrong shape

On the call I found the new CEo to be very professional -however not as impressed by Ingo, but he appeared handcuffed or restricted with what he could let on

A really disappointing day - in fact throw away logic if you want to invest and make money as that's how the market seems to work

It appears a good PFS is a waste of time for the market

Assay results do not positively impact the share price as we've seen

All I can think is production could help but that's years away -funding needed to be sorted out 1st but even then everyone will say production is years away and plenty of other expenses on other regional areas in the meantime

Or a bid or some other major taking a reasonable stake

Or news of funding but production is years away so why would the share price react positively to that

Can only conclude M&A activity is what the market wants to see

Any thoughts?

The large lead time from discovery to production and rare discoveries of this kind at the moment can only mean a major will want Solg or Cascabel in their portfolio. Question is when do they pull the trigger. I guess no hurry for them to bid unless they believe they could bring to production quicker. Leave the risk as long as possible with Solg

For a lot a shareholders a wait of up to 7 years to production may be too long, hence the selling. Maybe Solg should have waited another 2 months and disclosed some funding details with the pfs?

Why the huge delay to the DFS?

Guess the price will bounce around with funding needed for the regionals and the occasional excitement of a bid.

Any thoughts anyone?

Anyone understand why 21% used in the PFS - a lot of you know your mining facts? Cheers

I've always said no one can predict the next RNS from Solg and this proves it - they are issuing the PFS 2 months ahead of anyone's best guess -cannot wait for the guy who says they predicted that and bought mns of shares yesterday - congratulations to Daryll and all -I hope everyone gets their payday wishes

This is ridiculous - no RNS on a sharp share price movement -RR have had plenty of time to deny or say they is a reason for the share price movement -come clean RR

Market price reaction is a real kick to the iron balls or pellets -anyone got a cricket box

I think the reindeer will be applying for jobs at Kallak rather than being just someone's meal

Everyone deserves praise for hanging in here - Suzy you deserve special praise having taken some abuse over the years from some posters on here but you always remained positive - enjoy today and thanks

Good to see a Swedish Minister show some steel and not kick the decision down the road - congratulations to everyone holding these shares -been a long 11 years for me.

Was that Slug the same as on this board that asked a question ? feel reassured we are heading in the right direction with a firm PFS to be issued in q2