Member Info for Magoo79

This drop is quite suspicious.. any idea about what is going on? is one of Duke's investments not going well? I am tempted to buy more but I wonder if I am missing something instead

Funny that they thank Robbie for the listing of GCAT but forgot to thank him for the delisting. Brewer is a colourful character, to be polite, but he is experienced. Let's see if we can recover some money out of this s. show

Anybody remembers Shanta (SHG)? another junior miner on LSE, taken over for a pittance by the company of one of the board directors with the complicity of the CEO and his minions. PIs got well shafted also in that occasion..

Great results, solid company, reliable management.

4 months ago they released the RNS below. We are overdue an update, assuming they actually did something.

Come on, Danny boy, tell us what you guys have been up to

18 november RNS

SolGold's outlook for 2025 is focused on key priorities to maximize shareholder value and ensure sustainable Project advancement:

· Advancing & De-Risking Cascabel: Following the PFS, the next phase includes advancing high-priority studies in collaboration with industry-leading experts, including G Mining Services Inc. This collaboration will provide the technical expertise necessary to solidify Cascabel's Project scope and timeline. Concurrently, ongoing geotechnical drilling is being conducted to support infrastructure planning. Near-surface drilling at the Tandayama-Ameríca deposit is planned for the near future to investigate a plan for earlier cash flow delivery.5

In parallel, the Company is actively working on the permitting process to facilitate timely approvals that will align with Cascabel's development milestones. These efforts are fully funded and align with the Company's strategy to de-risk and advance the Project to turn-key status.

· Strengthening Strategic Partnerships and Funding Pathways: Building on the strong financial platform established through the Franco & Osisko deal, SolGold is well-positioned to explore further options to support Cascabel's development.

· Portfolio Optimization and Divestiture Strategy: Through ongoing evaluation of joint venture and spin-out options for non-core assets, the Company aims to focus on Cascabel while maximizing the potential of its broader exploration assets.

@gall i was actually hoping for a temporary retrace to add some more..

Ex div. date is today but this drop is excessive in my opinion. I topped up, lowering my average

Seems like all activities have been mothballed here. Has the company been sold to the chinese or what?

Wake up Danny boy and give us an update

Has anyone looked at methodologies used in the past by companies that won an arbitration? This could be an interesting benchmark. My personal bet is that we'll land between 1 and 2 bn. This could take us to $200-400M of market cap (20% of SOC) as we approach judgement day. Not bad at all..

How's your short going Rob?

Maybe they gave someone 90% of the licence in exchange for the cash to pay off all creditors. This way we all get diluted but robbie keeps his job and continues taking pictures of himself doing a BBQ in his garden.

I would have to invent a series of new and very cruel insults if he is just messing with us with that tweet

Like everyone else invested I was getting increasingly frustrated with the lack of progress and the constant SP decline. Despite the promise of fighting the "culture of non-performance", Scott seemed to be making things worse, with the added perception of being totally out of his depth and inability to communicate to the investor base. Jiangxi must have seen this slow car crash in the making and decided to take the matter in their own hands. It's possible we were (or are) risking of missing the milestones linked to the next FN's payment, jeopardising their investment. By doubling their stake and providing assistance, Jiangxi are signalling their great interest in Solgold and their determination to take this to production. I bet one of their requirements was Scott's removal and a closer control of the operations.

Now there may or may not be some delay in meeting FN's requirements but it's clear that the chinese will not allow this to fail and they will make a move at some point in the future. Great entry point for us small investors

I can't speak on behalf of the board but I doubt very much they would accept to settle for royalties, no matter how generous on paper. They have no intention of developing a mine and the Indian government cannot be trusted. Let's get a mountain of cash upfront and retire!

Closing above 6.5 would be good as we'd finally be above the descending trend line.

Come on Dan, give us some more good news next week!

Great news but they don't tell us what the money will be spent on. Are we drilling somewhere? Or are we anticipating that FN is not going to pay the next instalment as we haven't yet met the agreed milestone? I'll feel better once we get confirmation about the next FN payment and the promised progress has been communicated. Fingers crossed

@topshare I would also be surprised. And it if it isn't all add more. Been here a long time, bought at various stages, sold at 20something and bought back at 14, 12, and 7-8. My current average is 10 and i'll add more if we ever go lower.

I can't see the SOC amount being much lower than 1bn and, if it's higher, we are easily going to double from here.

No downside risk whatsoever, at these levels

I agree with Fort. We finally have a chairman and a new CEO, can't we convey a positive message to the market, saying that we turned a corner and that the new guys have some exciting plan?

I hope they can really change pace after wasting two years doing nothing

Good that they are not presenting. Showing the usual tripe and no progress would only bore the audience

Topped up as well, yesterday and today. Fully loaded now

@nodaydreaming sorry but there are many examples of settlements all over the world. Even in india Cairn and Vodafone reached a settlement at some stage. Not saying it is the most likely outcome but it may happen and it would suit both parties