Member Info for mattlilly

I can't answer that, but NM will not be CEO so watch this space over the next few weeks. In part of the email that triggered the 1to1 I also said the company needs a permanent CFO...

My own viow is that if both were appointed soon and if KM was one this would be very well received by the markets...setting us up for the next and biggest phase of the 'Solgold story'... (See also my post about EMED/ATYM earlier).

Yes a lot of the discussion was on the current SP and how to improve it, including the need for more liquidity in the shares.

Also the timing and significance of regional and Alpala updates; and expressing my view that, as there are funds to last at least until May, the SP needs to be higher if there were to be any placing at some stage. I also expressed the need for a 'retail' element if the company needs to do a placing in the next several months, as well as a strong story to accompany it and the ideal of getting in new investors and leaving them hungry for more, as with Valuestone...

Thats my own figure...out of the blue...for 9 years time, based on the ATYM experience...

Remember I'm posting on the 'other side' as well...

10...no financial risk if I hold on, except for a 'black swan' event in the markets in general...

All reward upside, the scale of which ranges from a successful bid price up to the SP of SOLG 1/2 years after full production at Alpala...

For comparison, look back at the history of Atalaya (ATYM). We discussed that as he had first hand knowledge.

EMED changed their CEO in 2014 when Alberto Lavandeiro joined. Like NM, HAA was perfect for the exploration stage, but a different type of CEO was needed to take it through production.

He delivered first production at much reduced CAPEX, less than two years later and achieved nameplate production only a year later. Expanded production was achieved 3 years after nameplate.

9 months after the first production started, the SP bottomed out in the 'value valley' at under 80p and I filled my boots...

Only 18 months later the SP hit 252, 4 months into its first year of nameplate production...it has since gone out to a recent high of 352p, driven by the copper price.

It still owes Astor 50m Euros for the licences and has never received a bid, so this is why long term holders with patience should be excited by the potential at Solgold...

Worst case (barring a black swan), we get taken out at between £1/2 before Alpala reaches production ...best case...possibly £10 in 2030...

Read this and you'll see why they are so convinced and excited...

https://finance.yahoo.com/news/ivanhoe-mines-announces-exercise-full-110000607.html

2.5% coupon! And...15% oversubscribed...

First...not a hint of any delays in the Regional programme but...

The prime focus is on Alpala with some highly credible developments already

Suffice to say that when Alpala was first assayed, it was the largest prospective 'block cave' mine in the world...only eclipsed since by You Tolguei. Keith's experience there will be immensely important.

The revised approach mines the best and most accessible gold 'from the middle', at a quality which is better than anything except gold dust...So the focus is Eoin the first 25 years and let somebody else worry about the remaining 30 after that...

The PFS will be as thorough and as risk and economics evaluated as any in the history of mining so that SOLG gets it right first time and doesn't have to constantly correct their approach as they go along. The previous approach was too ambitious...

And there is no doubt that it can be economically financed.

No answers on Rio I'm afraid, but we can expect a Regional update soon.

It is 16.00 but it is a 'green' seminar and the Q&A is at the end. Keith will be making some comments.

However, what you could do if it helps is ask direct questions of me and I will answer based on the impressions gained from the call.

In the meantime, its not too late to register for the LATAM seminar tomorrow afternoon where Keith os on the Q&A panel at 17.45...

Just finished a one hour call.

Hugely productive...I will feed back later.

Key points at the moment are:

He is of course unable to share anything with me which might be regarded as 'inside information', so we had a general discussion during which all the key issues you raised were mentioned and some of them inevitably weren't directly answered.

For those I believe we can realistically expect at least one announcement in the next few weeks, almost certainly before the Election results.

Re the latter, they are positive about the election whoever wins. We can expect that there will be a company PR event soon after April 11 because there is a fruitful and constructive relationship both ways and as we know, 'government' transcends elections.

The final observation at this point is that the Alpala story is going to get very much better, because of the revised mine design, coming in cheaper and easier to fund but, because of all the detailed evaluations that have to take place is why the PFS will be later this year.

More anon

Collating now...thanks to all...

Hi Jerry

The first is inherent in Ssmith's question

The Alpala strategy seems now very clear from the RNSs, but I think what you are driving at is also at the core of what triggered the discussion.

Thanks

BTW I'm on a webinar tomorrow so it may be late afternoon before I post a summary...

Thanks anyhow for all your questions. Rock solid.

Will the real Quady stand up...

The core of your message is the basis of our discussion tomorrow when it was set up RICHR...

I think that's expired along with the CEO Woody...part of the overhype last year...much more restrained now...

Thanks for those ssmith

If you click on the Latam link posted on their LinkedIn page on 17 March you'll see him listed on the Latam panel discussion as CEO...

https://www.linkedin.com/company/solgold-plc/

Thanks DBW