Member Info for jotom750

"Solidcore is a sustainability and responsibility driven company."

In what way is it responsible that the vast majority have no voting representation?

Smoke and mirrors.

Keeping the majority in the dark.

"How do you not know Maaden is not Russian based in Oman."

Holdings: Saudi Arabian Mining Company (Ma'aden)

Name Equities % Valuation

SOLIDCORE RESOURCES PLC

113,201,189 23.90% 349,791,674 $

IVANHOE ELECTRIC INC.

11,783,254 9.78% 112,058,746 $

Company details: Saudi Arabian Mining Company (Ma'aden)

Scooters.

Can you tell me what evidence you have that madden is in any way a white knight in all this, as this seems to be your suggestion?

The POX unit is, as I see it, a drain, with an uncertain finish date, eating up vast funds at a time when they could well be short (otherwise why borrow (on undisclosed terms) to complete it) for a return which is suspect and compared to the gold price uplift, quite minor. This action also makes CORE less attractive to other large potential investors as all they see is a drain on finance.

Against these conditions funds could possibly be raised on better terms, but that is in no way looked into it seems.

Any lies or misinformation from IR has no effect on any of these factors.

If regulation in Kaz is of no use who suffers and who benefits as a result, it is no accident that this position is maintained ?

I'd not like to see the CEO gone as who would he be replaced by, no doubt a madden robot, (which would also give the game away).

Madden may be the largest single shareholder but are they the majority? I thought that they were only 25%. (Though due to company unwillingness to register shareholders, who knows). But again, who benefits from this?

If you are saying that madden has had no influence in the inability of others to buy shares at this silly low price via Woods or others, I don't see it, after all they are the group trying to increase their position and in my mind hamstring the company to them and them alone via other methods.

In my view it is madden who are controlling the position on the Kaz exchange, in an effort to reduce finance options to the company and keep the price down.

"Maaden scooping up the company for nothing? Explain how the mechanics works."

Just look up what happened to POG, it's that simple.

PS.

Also, what are the conditions attached to any loan from madden? They have done nothing up to now to help the majority of shareholders, only themselves, it seems to me.

"If the majority shareholder is putting their ass on the line and subbying the company it's no one's problem other than the majority shareholders ass. It's a positive for the minority shareholders"

I don't agree at all. In what way is this company at any risk? There should be hundreds of millions in the bank, remember if the company was profitable with gold at $1800 per oz, the rise to $2400 let alone $2600 should leave the company awash with funds. I would say that on any liquid exchange investors would be beating the doors down to invest.

It's not for me to say how it could be done, there are no doubt many ways. As we all know, it was done in the case of POG, with the owner of the paper taking over the company for pennies in the pound.

I'd ask these questions, why borrow money from madden (this is clearly not in the best interest of the majority of share holders), when it could/should be easily obtained on the open market, (especially if listed on a liquid exchange)?

Why keep spending monies on the POX (with it's ever delayed implementation) if no clear future funding line exists? (Yes, it may increase profit in the future, but the increase in gold price has far outstriped any POX saving and this seems to have made no difference to share price at all in fact quite the opposite).

Is the money (cash) on hand enough to finish all cap ex, without risk to the company or the need for more borrowing from madden?

"If only it could be true. Fingers and toes crossed. Very inspiring post."

Only inspiring if you are ignoring the $Tens of Billions in damage, hundreds of thousands killed on all sides, and tens of millions of displaced people.

Easy for some, it seems.

"Once approved the company should be debt free Maaden owning the loan...........

and in reality the company could have over $700 million in cash after the uplift in Gold Prices in H2 2024. Interesting year ahead Once the Russian shareholders have been disposed off."

That first part worries me, A LOT, is there a scenario where all the cash is used to build out the POX, a large gold stockpile built up but not sold, and then Madden sweeps in to foreclose on the loan, scooping up the company for nothing?

Why otherwise should madden hold the paper for the loan? The company must have 700 mil in unsold gold, and the easy route now to relist on a better exchange and raise any money needed on the open market surely is more shareholder focused.

In my view, maddens actions are all anti small shareholder and pro themselves. (not the company).

Why would Evraz not try to relist on an American exchange if sanctions were lifted? After all they have an American operation, unlike Polymetal.

GLASH

It looks to me like they are really trying to drive the price down before any deal is done in the Ukraine war. That deal, to be accepted by all parties would need I think a lifting of sanctions.

GLASH

Abject.

So, when your first doom and gloom prophecy is debunked all you can do is point the negative finger somewhere else. What is your aim here? How about you show some similar organisations in the world that do, to everybody’s views a faultless job.

Abject.

You may be right but If the company (Rasp alone had net profits of $875 million in 2021, and $782 Million in 2022, they are 82% owned by Evraz) is still profitable, paying off any loans in time, and building up a cash buffer (as they are not paying dividends), won’t that probably outstrip inflation?

See https://raspadskaya.com/en/company/overview/

I do see that as coal is used less for power generation and steel making, prices could come under pressure eventually. Hopefully the steel side is not haemorrhaging cash.

Getting the money out is a whole different issue though.

GLASH.

Cawn. Thanks that's good to know for all of us.

I suppose they will play a game of attrition for some time yet.

GLASH.

As has been said, it looks to me like the omani's are going/trying to take this private, there seems little to stop it too. and much to assist it.

OK, in this scenario..

Do the smaller quantity holders (most here I would imagine) have any rights to refuse a lowball offer?

What then happens to them and their shares if they refuse to sell?

Who decides what to do in the case of locked in shares, like those presently held by HL, and other brokers in the UK etc for their clients?

Thanks to all.

GLASH

This seems odd, share price going down, gold is down, but only 2% from record highs (still up 37% year on year) and you know who has been elected.

So, is this just more price manipulation before any impending rise, or possibly something else?

GLASH.

Ranjm.

"lol...is it always your way to just fob off your ignorance with whataboutisms and deflection?...that made me laugh...!!!"

I'm really glad that I made you laugh, that's good.

May I ask, why is your definition of "woke" so different from the published ones?

Why do you chime in when the original question was asked of Urraca?

Is he "off shift" today or at this time?

In what way do you represent "white working class people of the west" Ater all, you're not a westerner, are you.

Really interested to know.

Thanks.

WOKE:--

“aware, especially of social problems such as racism and inequality”.

“Woke, the African-American English synonym for the General American English word awake, has since the 1930s or earlier been used to refer to awareness of social and political issues affecting African Americans, often in the construction stay woke. Wikipedia”

So, to both of you, what is bad about being woke?

So, are you saying that you don't know yourself?

Is it always your way to just fob off your ignorance with whataboutisms and deflection? After all, you act as if you're clever. Are you just repeating what others say like a sheep?

What do you understand "Woke" as meaning?

So, are you saying that you don't know yourself?

Is it always your way to just fob off your ignorance with whataboutisms and deflection? After all, you act as if you're clever. Are you just repeating what others say like a sheep?

What do you understand "Woke" as meaning?