Member Info for NotMuchMoney

Addicknt, I expect he is.

The whole conversation would be much easier if it would just refer to NPVs as per the PFS / announcements / sensitivities.

Very difficult to argue with those points Bozi.

I know days can go fast, but I've been very disappointed by slow progress and very limited comms over first 100 days.

Key appointments, drilling and study updates, confirming milestones and ExploreCo on track etc?

Too many times retail investors have thought "it is very quiet, management MUST be working on something amazing in the background'

Get on with it Dan before anyone (and that appears to be very few in the market) loses interest. And before we enter another Summer lull.

All good analysis.

Equally, NAV could be 10-20% lower to reflect inflation and increased cost to build / mining activity. And reduced further for increased cost of a mine redesign, tailings site, hydro, rail to port etc.

Solgold need to release the Feasibility Study to confirm the current NPV / NAV, in line with their current thinking.

I can't help but find the Canada delisting timing interesting if feasibility study would no longer need to comply with NI 43-101 Technical Report standards? (But not an expert)

Dan has been CEO for 100 days now.

Where is that new COO?

Where is the Tandayama drilling update?

Where is the improved comms and engagement with Retail?

Less than 3 weeks to announce the 'definitive plan' for ExploreCo.

For a moment I saw RNS and thought perhaps Dan or others were buying shares. How naive.

Yep, Scott continuing to do his bit to drag down the SP!

Fort,

1) disagree with the chinese TSX argument; I thought irrelevant for a secondary listing

2) agree with concern around losing quarterly updates, poor performance so far, low option prices, a risk senior management prioritise themselves and not all shareholders etc

SP fell c5% yesterday so could well be a large 'sell'.

Short is c18m shares so needs a bit more than c1m of buying.

P.S. Does feel like Dan is focusing on the wrong areas - spending 'pounds' to delist from TSX to save 'pennies'.

No-one cares about the TSX Dan. Get on with drilling Tandayama, completing the FS, progressing regionals (via spin-out or other means).

And get someone in - COO or otherwise - who can plan, set realistic targets, and communicate progress to the market.

Hi Fort

Agreed, and I made that point on 28th May, almost a fortnight after the MD&A had been released. Since the MD&A was light on post reporting date news.

- Tandayama drilling programme was due to commence early May. Has it started? i.e. confirm progress being made

- G Mining Phase 1 was at 74% (end-March); what is the current position and what is outstanding/timescales?

- ESIA still on track for Q3?

- Tailings investigation progress etc. etc.

I suspect the usual wishy-washy dates and missed targets by Solgold.

I'm expecting a glut of news in June though, including above and ExploreCo plans and COO appointment.

Timid - but won't all that potential in ExploreCo have the same challenges you highlight around Cascabel? i.e. environmental impact?

If anything, block cave at Cascabel and green credentials (hydro power, electric mining operation) are one of the positives. The negatives are initial capex and operational risk?

P.S. open-pit mining potential at Tandayama has been talked about for years. Not just when Jiangxi bought more. Haven't there been 40+ holes drilled at TAM (apologies, exact number excapes me).

Timid - so you think after spending $350m+ over 10 years on Cascabel the company is going to sell it for $600m?

Thanks addicknt. Just wary of hearing it all before re: shareholder engagement and more frequent comms etc.

Just like Scott's "culture of non-performance in the corporate office".

I would like to see some more determined action.

Thanks Pbow. Agreed, that's why I expect the TAM drilling to have started and progressing well, as knock-on impacts on other deliverables.

The MD&A still says ESIA submission targetting Q3 2025. Hopefully that is correct.

With apologies for late post, MD&A confirmed Perry Holloway left 2nd April.

Surprised to see Christina Robinson still employed - Director of Operations and Comms. Both have been pretty terrible since she started under Scott's tenure and frankly, I think she should have been booted.

I find the MD&A the only real way of knowing what is going on. Albeit a few months out of date.

It's little things that would help, e.g.

- Tandayama drilling programme was due to commence early May. Has it started? i.e. confirm progress being made

- G Mining Phase 1 was at 74% (end-March); what is the current position and what is outstanding/timescales?

- ESIA still on track for Q3?

- Tailings investigation progress etc. etc.

Addicknt / Pbow - in your calls with the chairman was investor relations and comms brought up?

In particular whether Solgold will fill the IR vacancy and start doing some proactive investor engagement?

Appreciate Dan is still in his 'first 100 days' as CEO, but not like he wasn't already familiar with operations and people.

I'm very surprised we haven't had more updates or an investor call arranged. I think these were hinted at, but as we've grown used to with Solgold, slow or no progress.

Pbow - could I encourage you to just filter the lunatic?

Don't want you to get targetted and frustrated and then stop posting. Your research and insight is appreciated here.

Fort - I wonder what BHP's average is? Easy to refer to their purchase at 45p but what about participation in other placings?

A contrarian view to BHP and NEM still holding is no-one showed an interest in their stakes? No point "doing a Berry Street" and crashing the SP via sale on open market.

In terms of interest, block cave (high initial capex and operational risk) and the political situation are the main concerns. Previous CEOs have regularly talked about the political side.

If Cascabel was an open pit I think it would have been sold by now.

Equally, if it was an equivalent block cave in Canada/Australia/Chile again I think it would have been sold.

The combo of high capex and uncertainty over permits/environment in Ecuador have held things back.

That said, I believe there are still many interested parties. Most who haven't needed to rush and have let Solgold balls things up for a few (or more) years.

But when management eventually get there, ticking off major the de-risking items (permits, DFS, prove the financing is possible) then they will act.

DBW, respectfully there is nothing "strong" about SOLG's cash position this year.

The Jiangxi share sale was 'forced' to be able to get to the 2nd tranche of Franco funds.

No spare cash to progress any of the regionals. Although hopefully there is a plan underway to address that via ExploreCo.