Member Info for NotMuchMoney

Thanks Pbow.

But we know the pertinent details already - 7p option price and terms.

Any associated performance criteria are irrelevant if the options immediately vest on a change of control event.

There should be a specific criteria that they lapse on any change of control (e.g. JV or sale) if the SP is less than 30p (as an example).

Dan should not be rewarded for 'failure'.

Pbow - appreciate there were more important questions to ask about Cascabel progress etc, but did you ask for his views on the appropriateness of the 7p option price? In particular, why no tiering of exercise prices for longer terms?

I know Solgold isn't a FTSE 100 company, and seemingly no longer has an investor relations dept, but imagine if there was an "Interview with the Chairman" hosted webinar? For Paul Smith to share his views and answer some retail questions?

Instead of 1:1 calls with selected PIs. (That's not to belittle your efforts and excellent contributions to this board Pbow).

Solgold need to get marketing and comms going again.

Remember, we've already had a big reset (cough):

"I am leading, with the support of the Board, a swift reset in the organization with an emphasis on creating a performance-oriented culture with accountability to all stakeholders as a core principle.

.... In my assessment, the weakness in the organization has for too long been a culture of non-performance in the corporate office."

Scott Caldwell, Feb-23 (2+ years ago)

P.S. Great job Paul Smith. You're complicit in this.

"The chairman should challenge share awards proposed to the board if they are deemed inappropriate or inconsistent with the company's long-term interests or the interests of shareholders.

The chairman's role includes ensuring the board operates in the best interests of the company and its stakeholders, which includes scrutinizing remuneration decisions" (thanks Google).

And notice, the RNSs show no details for any investor relations / contact us page.

Just the same answering machine for Dan / Ryan (Tel: +44 (0) 20 3807 6996).

The new lot, sorry, CGP v2, don't give a stuff about LT Solgold shareholders.

With hindsight, I wish Nick continued to bleed CGP out and eventually get their 15% for free.

My interpretation of Figs 4&5 is that there is a good 300m of 'surface deposits' at 0.4%+ CuEq.

With a potential open pit maximum depth of c500m.

Hi Orthern,

The May-22 MRE update shows some near-surface deposits:

http://www.rns-pdf.londonstockexchange.com/rns/8977M_1-2022-5-26.pdf

Figs 4 & 5

The above is a nice reminder they've already drilled 42+ holes at Tandayama.

And from Feb-24 PFS:

"The TAM deposit outcrops at the surface, resulting in a low strip ratio, offering an excellent opportunity to provide additional mill feed for up to 7 years and the potential for an earlier start of metal production from an open-cut mining method.

The current evaluation of the TAM deposit is not at a PFS level and is, therefore, not included in the Cascabel Project economics presented above or in the PFS mine plan. The Company will begin the additional metallurgical testing, waste rock characteristic testing, geotechnical, hydrogeology, and detailed mine planning required to finalize planning efforts."

Re: 16:04 Orthern, quite...

2 Tandayama MREs (Oct-21 and May-22) and an updated Cascabel PFS in Feb-24 that still hadn't incorporated them.

Years of talking about PFS Addendum to reflect Tandy resource and a potential open pit.

Now, the company thinks worthy of a further look, all for just $3.3m?

What a mad few years.

Hopefully the revised focus is due to better expertise from G Mining and/or Jiangxi.

Addicknt - maybe downwards, for his share options RNS.

Well, if not, only 1 more month until Q3 MD&A and we can see what they did / didn't do during Jan-Mar.

And what they have been spending the money on over last 3-6 months.

And right on cue, an RNS!

Hi Orthern

Given the financing agreements Franco/Osisko have, I think it is pretty reasonable they would get more detailed updates than the wider market.

What is unreasonable is the lack of general progress updates - tailings, recruitment, studies, exploreco etc.

I dare say if SOLG held another investor meet in London the atmosphere was be less than friendly.

A number on here claim to have networks to Nick / the new Chairman.

Has anyone messaged Nick or Paul re: lack of company updates and no Investor Relations to answer LTH requests for clarity / feedback? What are their excuses?

Even some clarity on priorities and deliverables for next 3 months would be beneficial. (Progress against tranche 2, technical committee and studies, ExploreCo etc.)

Understood Fort, loose language by me, but "moved on" meant into a much less important role.

"I think it's more than frustrating NotMuchMoney it should be someone getting sacked."

Well Pbow, Scott has been moved on, and I suspect Christina Robinson - Director of Operations & Comms - has also been sent packing.

Agreed Pbow. And frustrating SOLG can't even get their RNSs correct.

To be fair, that is a valid observation Stackhigher:

From July 15th RNS:

"Second Tranche: $33.3 million (expected in 2025) will be available upon certain conditions precedent being met, including, but not limited to, the execution of the amended investment protection agreement, completion of the geotechnical drilling, and finalization of the tailings storage facility ("TSF") design sufficient for a minimum of 10 years of operation and prepared in accordance with applicable requirements."

But who is to say there is any risk around execution of an agreed AIPA. Noting SOLG have never been clear on the reasons for delay.

A reason why I would prefer a Noboa win, so there isn't another reshuffle in MEM that causes further delays.

Clear to me that Ecuador need support to deal with this. They don't have funds or experience on their own.

www.bbc.co.uk/news/articles/cn0w4e4e00jo