Member Info for Pbow

"Some of that $107 million has already gone to Mather, who on top of being DGR’s managing director and substantial shareholder controlling about 16 per cent of the company, was also DGR’s major lender.

After repaying Mather’s loans, about $65.4 million of cash is now left inside DGR."

You are asking me why I am posting on solgolds board whilst you yourself are?

I assume you are Nick who has clearly lost the plot - seemingly along with wife.

The easy way to get round a paywall is to pay... that aside.

"When is $65 million worth only $27 million? When resources industry veteran Nicholas Mather has control of it. That’s the only way to make sense of the situation at ASX-listed DGR Global right now. The company had a market capitalisation of $27 million on Tuesday morning, despite having a concrete claim on cash worth more than double that.

The bizarre situation has its origins in this year’s $1.69 billion takeover of copper explorer SolGold. DGR was a substantial shareholder in SolGold and made about $107 million by selling its shares to SolGold’s Chinese suitor."

Https://www.afr.com/companies/mining/the-curious-case-of-the-65m-that-was-worth-only-27m-20260506-p5zu95

This explains the Mather issue.

The Chinese clearly didnt expect the Contract to be renegotiated hence them complaining.

Https://www.primicias.ec/economia/mineria-proyecto-cascabel-renegociacion-contrato-china-ministro-blum-124282/

Seems the Chinese have a major problem with Cascabel.

He lent DGR Global money and made a fortune for doing so.

Newmont exited Colombia because they bought Newcrest and sold all assets that were not core.

In terms of Ecuador the homicide rate in 2025 reached an all time high, noting Noboa was president since 2023 (usually by many multiples). In the 3 years Noboa has been president the homicide rate has been higher than any other year since 2020. Not sure how you can say the murder rates have dropped.

In 2026 it is down in Q1 on 2025 but still crazy high.

ST If the rig has been at Pepas West for some time why did they tweet the following today.

"Pepas rig just now moved back to Pepas West to poke around a bit more for a few weeks to try and get a sense of how big it might be."

Just now implies (based on my understanding of the English langiage) that its not been there for some time....

One would suggest he knows more than you and your chatgpt nonsense.

That aside.

The artivle states that the important parts are (outside of grade) "orebody depth, metallurgy, size, and mineralisation style"

We have grade we have low depth (great). Metallurgy and mineralisation style to be defined. Size is building. All in it looks pretty positive.

Https://www.primicias.ec/economia/empresas/cascabel-mineria-trump-venta-solgold-china-jiangxi-cobre-estados-unidos-118201/

Seems odd but Solgold attended PDAC apparently.

https://www.lahora.com.ec/economia/ecuador-pisa-fuerte-en-canada-la-nueva-apuesta-minera-con-la-que-busca-miles-de-millones-en-inversion-20260303-0013.html

Helen the PEPAS RNS wasnt bad. Yes the market had prob gone too frothy and a pull back was to be expected (I timed it wrong). But ultimately its a good cash generator thats not far from production (with a bit of luck).

Ultimately its listed on AIM so swings are to be expected. I think its a pretty good investment at the moment. Im got a medium position and will hold.

You do not have to do drilling to say you have identified a porphyry system. You need to do drilling to say it is on ore body, its size, grades and if its economic.

To say that they have identified a porphyry system is about geology. So is perfectly acceptable in my view.

Pure coincidence Jack I was reading up on peoples thoughts following what happened yesterday.

Anyway hope you arent too suicidal Jack must be a big disapointment for you given you were expecting to be a millionaire out of it.

Have to say I expected more from my holding (was expecting 40s to 50s) but c'est la vie. As I say all the best for your future investments Jack. Adios.

Jack I sold up a couple of weeks ago all marginally above 28p. Seems it was a good decision. All the best in your future investments.

Https://www.bnamericas.com/es/analisis/ecuador-actualiza-marco-minero-mientras-proyectos-industriales-se-activan

Https://www.bnamericas.com/es/analisis/china-refuerza-presencia-minera-en-ecuador-con-solgold

Pastabelly one would suggest that if you are saying something should happen in a few days it should happen. If I anticipate im going to the pub tomorrow id say its pretty nailed on im going the pub.

I mean if they werent sure say in the next fortnight/ month etc.

RNS from the 26th.... "The MRE at Pepas is anticipated to be delivered by the end of January 2026."

Semantics aside I take that to mean the MRE would be delivered to the shareholders in January - today being the last working day of January.

I accept the general market is down. But one would suggest that the MRE not coming out as seemingly promised just a few days back will have comtributed to it. Bought a few more shares anyway.

I woukd say its dropped because the MRE didnt come out.