Member Info for mistermeister

Seas anyone know if the short is still open. Picking up on comment that share price was being manipulated- looks like the shorter knew this was coming. Once it closes hope we can expect some good bounce.

I have just asked this:

"Why does the company think it can improve on PFS - especially given that the PFS was put out to industry experts. Does Solgold have in house expertise to optimize - given that so many of the staff have now departed?"

All the speculation about Blackrock - this is a useful watch - suggests they are focused on more dividend plays https://www.blackrock.com/uk/solutions/investment-trusts/our-range/blackrock-world-mining-investment-trust/trust-information/agm

What is Nick Bullish about? Source?

Agree Add, DG1,
Nick Mather - wtf have you done with this company? Such a good potential to sell Cascabel earlier and rinse and repeat. Long list of hires/fires. Public spats, fraud, delays - over promises. Practically everyone sacked on the board at some stage except you. You have engineered that well- can you engineer a successful sale now. When can you start communicating to those shareholders that you have in the past so heavily reliant on and almost begging for votes. No more voting for you at next AGM if this is not sorted.

And where are you Mr Twigger? What are you adding to this? All this bs about calling out BHP. More smoke and mirrors. Are you Nicks puppet ?

Scott - let’s see with your potential big payday if you are the one to stand up to Nick and move this forward, finally.

Not2Sure - well they have a strike rate at 17p, so he is doing ok so far. Most options from Solgold history are staggered - and have a strike rate above shareprice issued at the time. Have you seen anything in the past at a strike rate of the current shareprice at time of issue? And this volume? Usually they exercisable rate is higher.....to reward performance!

Not2Sure - apologies - I meant 30 million shares. I think you can get the principle - Scott Cladwell comes with a chequered history
https://guyanatimesgy.com/guyana-goldfields-ceo-steps-down/

Didn't Scott state in a recent presentation about rewarding the under performing culture. Well Scott - I can't see so far where you have performed to the tune of £30m shares.

According to data on 22 Feb blackrock hold a combined amount of 4.16%. This is spread over three funds so maybe why they do not appear on Solg major shareholders list
https://www.morningstar.com/stocks/xlon/solg/ownership

If they owned up they would no longer be the "phantom" deleter :)

I think it is Slug taking the p*ss out of Quady

"to evade the point of an argument by caviling about words" - . Who else goes on about production and some might say tries to evade the point of an argument?
Seems like a parody to me...

I was just re-reading the company update RNS and wanted to get views on this line:
"Cornerstone Transaction

The Transaction is anticipated to close following customary regulatory approvals and a special meeting of Cornerstone shareholders to approve the Transaction. The Transaction provides SolGold with the opportunity to sell the 157.1 million SolGold shares held by Cornerstone to strategic investors before the closing of the Transaction."

There has been talk (on this BB boards) of Solg putting these shares into treasury, which may still happen - and presumably they could sell to a strategic investor at a later date. However the wording in the note states opportunity to sell to a strategic investor BEFORE the closing of the transaction. If this is the case, expect news this coming week...

Someone asked WI
“ Hi warren , can u elaborate please. This is not the best news weve heard and as holders for long time in solgold are pretty disapointed at the price , why the boom comment . What are you expecting to come from this ?”
His response
“ Think about the question you just asked me over in your head and figure out why this might be an extraordinarily positive event for us. This was step 2.9 in the 3 step process. What do you think the next step is?”

I have checked with Fawzi and response is as follows
“Thanks for your email. The 155m shares to Jiangxi Copper as announced today will be an issuance and are separate to the SOLG shares that Cornerstone holds.”

So the cornerstone shares may be used as a top up of shares, to who, is the question. if these were to be sold to Jiangxi also It would take their holding to nearly 13%. A bid precursor?

Do they not have some shares via Valuestone (their investment company)? Assume the two are linked

Nice

DBW, I am not sure a deal is in mind - else why sell a royalty last week?

As much as I like the CGP boys sticking it to BHP and I have been assuming a sale is on, what if this is all bravado? We saw Twigger call out BHP last year. I am wondering why, if they had a buyer lined up, they did a royalty deal soon beforehand. Makes no sense, which brings me on to (a) conclusion that this is merely to try and draw BHP out.
Also, if I was a potential buyer, I would not be pleased with their behaviour about BHP, I would wish for some more decorum. Maxit (in the Noront deal) made no noise..... so why now?
I hope I am wrong.

Surely it is in SOLG interest to get PFS2 out as it makes the JV/Sale more valuable.