Member Info for Madpunter

Ortherncopper - It can be done. Cloud seeding can cause biblical rainfall and floods ( it's been suggested that this was the cause of the Porlock and Lynmouth flood). Plus floodwater in earthquake zones can lubricate the fault lines resulting in earthquakes.

RodneyT - The bottom line should be the biggest factor in what someone wants to pay, namely the profit margin, which has rocketed. Take the Gold price as an example. In 2022 the price was $1750/oz and the median costs for large miners was $1328/oz, giving a profit of $422/oz. The Gold price has recently trebled from the 2022 figure, but the costs have only increased to around $1600/oz, as the cost of oil has halved from $120/bbl to around $60/bbl. Therefore, even though the price of Gold had trebled, the profit per ounce had TREBLE TREBLED to 9 TIMES AS MUCH AS IN 2022.

Coggy - Unfortunately it doesn't seem to stop me making the same mistakes lol.

I noticed that saucysausage or whatever the name was had posted a long 'haha....' message in reply tp my optimism. That message and their other recent posts seem to have been deleted.

Coggy - I think you used to refer to him as 'StarBast**d' and as far as I remember, he was first to post court papers showing unpaid interest due to SH/O of $2m. This due payment hadn't been in any RNS, which prompted speculation that it was the cause of the NOMAD's resignation.

How did StarRage know about this payment? If you remember the arbitration was leaked to TW. It's possible StarRage was part of his cabal or even TW. I vaguely remember him posting about celebrating something in a certain pub. I looked up all the places that had pubs of that name and if my memory is correct, one had a link with TW. The posts were soon deleted. I'm still hoping that SN has enough sense to see that the US Senate and Congress won't like being taken for a ride. If the minute chance that we get something back occurs, the iceing on the cake will be extradition for TW et al on racketeering charges and an appointment with Billy's Mr Big lol.

Sorry, ...doing it...

Tsbs1 - Your're forgeting one vital ingredient in this process. SN single handedly scuppered the Megobari Act and therefore, risks the wrath of the US Government. Pulling the wool over our eyes as shareholders is vastly different to going it to the US Congress and Senate. If I was a billionaire I wouldn't chase SN through the courts for monies owed, due to his past record in these matters. However, if I was a Member of Congress or a Senator, I would use Goverment money to pursue him with the utmost intent. IMHO all is still to play for and what happens with the Ukraine and Dolphin has just as much influence on the final outcome, as the transfer of Block 12 to TXN.

MontiBurns - IMHO I think they always knew how to get the oil and gas out, but were just waiting for the right time politically to drill into the Eldari B. The associated gas allows the oil to flow unaided at 250 barrels per day through a 3mm hole. At full bore with an added pump this equates to 6k+ barrels per day.

MontiBurns - It looks like SN has single handedly scuppered the Megobari Act with his lobbying for TXN. We know that FRR started with the involvment of people in high places in the US goverment and that there's been rumours of CIA investment. IMHO there's still such people involved, otherewise FRR would have folded long ago and there wouldn't have survived all the court cases etc. I dread to think what would happen to SN if after scuppering the Megobari Act he doesn't involve the FRR shareholder's, with the exception of SH, ZM and YA, plus anyone else who was detrimental to the success of FRR. IMHO there's still a few more pieces of the jigsaw to be put in place, namely, the transfer of Block 12 into TXN after 3rd February 2026 and peace between Russia and Ukraine. IMHO the latter will require Putin to keep the Crimea and to obtain the Dolphin tenement. IMHO FRR didn't give this back due to tender irregularities and I stated at the time that I believed there were other reasons. If this happens then Putin gets Dolphin and the West get the oil and gas in Block 12. IMHO the gas will be converted to Hydrogen to supply The EU reducing the Carbon footprint. Also, a deal will enable Ukraine to have a cheap supply of oil and gas, without being dependant on supplies from Russia.

The cost of energy is the key to costs, as back in 2022 oil was over $120 per barrel. Now oil is half that price!

Using the current price of Gold of $4966.5/oz and costs of $1600/oz, the profit is now $3366.5/oz. THIS IS EIGHT TIMES AS MUCH AS IN 2022!

In 2022 when Gold was $1750/oz, the median costs for producing Gold for large miners was $1328/oz. Therefore, there was $422 of profit for every ounce produced.

Now the average costs for large producers is just over $1600/oz. Gold has rocketed in price, but the costs of mining, refining, transporting, smelting etc haven't snowballed. The cost if energy i

Cu 14.1mt x $13,150/t = $185.415bn.

Au 33.1moz x $4600/oz = $152.26bn.

Ag 91.3moz x $90/oz = $8.217bn.

Total in ground value = $345.892bn.

Total number of shares 3, 013,576,141

Dollars 2 Pounds

$1 = £0.7434

Price per share for 1% of the in ground value = £0.85.

Q - If everyone has Solar Panels fitted, China can't makw them, as they don't have enough Silver.

Also, if it takes many months before the final bid, SOLG will be much further along in the permiting process.

This is just the start and if multiple bids arrive and there's a massive spike, it could take many months before a weighted average looks good enough. The price of Gold could be 50 - 100% higher by then, if some of the predictions come true. Silver could be multiples of the current price and Copper could be much higher. The inground value by the time of the final bid could equate 203p nearer to 1%.

I think it's delusional not to expect some smaller miners not to consider making an offer, due to the extremely low bid (miner's who normally would not even consider bidding, as they would expect the bid to be out of their price range). Even if other bids don't arrive, do you seriously expect the majors to let this go for a pittance?

There's still over $330bn of Ag, Au and Cu in the ground. Takeovers based upon inground value are usually between 1% and 5%. As SOLG is not producing it's very unlikely to be near the top end. However, as Tandy could be mined with relevant permits in place, starting with an excavator (ore deposits start from just 6m ), then IMHO 2.5% is my top estimate. Add the current Silver crisis, the impending shortfall on Copper and the stockpoling of Gold to the picture. This should interest allbthe majors and even some smaller producers now that a derisory 28p is on the table.

I'm expecting multiple bids and an eventual winner in at least 6 months nearer to the 2.5% (IMHO multiple bids will rocket the share price past the winning bid and the price will fall until an appropriate weighted average arrives. As this will take some time, it allows for even higher PM prices to have an effect). The 2.5% equates to around 203p.

Shows that the number of shares in SOLG has increased by 2.1m this month to 3,009,973,641 from 3,007,873,641 on the 10th December.

Fortissimo - Agreed, it's all extra free value and highlights how much of a pittance has been offered for SOLG. IMHO If Jianxi make a confirmed bid, then other bids will follow and possibly before Jianxi. The bargain basement price for an enormous multigenerational mine is not only obvious to share holders, but to all the majors as well.

Using Bobmuckie's figure of $315.7bn in ground value, then the 1% equates to a share price of 78p and the 3% equates to 236p (figures rounded to the nearest penny).

The 28p offer is a 64% discount on the 1% figure for the in ground valuation. Add in the current position towards construction, plus the RSA and the prospect of self-funding with Tandy and the offer looks even more paltry.

My mistake. I converted the price into pounds from dollars, when it was already in dollars.

It should be £738m.