Member Info for RodneyT

Thank you addicknt. Page 109 of the 2022 Annual Report covers the CEO Long Term Incentive. 10 million options to vest in tranches. Tranche 1: "The exercise price of the first tranche of 4 million options granted at £0.292, being the closing priceof an ordinary share on 30 June 2022. Options will vest on 1 December 2022 and expire on 1 December 2025."
With this in mind, it appears that DC will not be covered by the LTI. Page 18 of the 30 June EGM Meeting papers issued on 3 June 2022 does cover the scope for options to be exercised within 90 days(unless extended by the Board) but it appears DC will not be covered by this as he seems to have fallen short of the 1 December 2022 hurdle.

Good morning all,

It's not necessarily the case in my opinion that DC has certainly lost his options on leaving the Company. I understand this depends on whether he is deemed a 'good' leaver or 'bad' leaver as well on the Articles of Association and the Option Agreement. Does anyone have a view on this? I think it could be useful to have clarity. I am going to review a few RNSs in the meantime. Cheers

Interesting thought there Nidge. I'm interested to hear how the mechanics of that could work i
e. Why would CA be 'forced to sell'? Volatility in the SP is not as relevant to an investor as it is to a trader and I suggest that CA are investors. Interested to hear your views as I said. Cheers

Many thanks indeed. I had a mental note that it would be start of Q2. Thanks again for the clarification. Exciting times. Also have noticed the renewed interest worldwide in carbon capture technology.

Good morning all.
May I just ask what folks think about when the RS report is likely to be announced? My hunch is that it is late now. Of course the report could have profound consequences for the company(and us?!). Thank you in advance for your replies.

Good afternoon all

I voted in favour of all resolutions. I have trust in the Board and I have trust in Nick Mather to look after his own interests and therefore of mine. Time will tell if this is the right decision but indecision drives one crazy. Ecuador needs those jobs, that revenue and that multi-decade journey of economic advancement. I am confident Mr Lasso wishes to see real progress and soon; not corporate/financial activity, rather, actual work on the ground that citizens can see as well as investors. To me, the path is clear. I expect the work Mr Lasso wishes to see will not be done by Solgold but a much bigger company or companies.

Good morning OTB, Saba could be looking at CA's share price compared to NAV. The discount is around 24% at present but this could close rapidly and thus force Saba to reassess their strategy. Things can change so fast with the type of businesses CA invests in and, boy, don't HUR LTH know this. Also, have a look at the comments made by CA in their annual review in relation to the Saba situation: 'formulate proposals…to reorganise, reconstruct, or wind up the Company'. That is what the articles require CA to do and that could take a long time. Personally, I am not too concerned about the risks of a disorderly wind up/sale of assets. All the best.

Good morning, Royal Dutch Shell (amongst other majors) are very interested in WoS. That they are has certainly caught my attention.

Indeed Genghis and remember that casual reference in the same RNS to the possibility of 'significant reserves in the surrounding sandstone' at Lancaster? Oh my word, I wonder if we will ever find out what on earth was going on post RT and pre mr Justice Zacaroli!

Concerning reserves, perhaps this is a moot point? Put another way, is there not a question about why the original CPR was deemed so wrong in due course? Also, why did the Board issue an RNS in Sept 2020 in which it announced thar reserves had been slashed by 90% based on no new evidence whilst also announcing that a new CPR would be issued by the end of Q1 2021? Bearing in mind the extraordinary events since then, I would not be too sure that our 'slashed' resources are indeed the resources we actually have. They may well be but I do not believe this should be a 'given'.

Just sent the emails so add mine. Cheers

Questions: How many HUR shares do Mr Maris and Mr Chaffe own? How many HUR does CA own? Who is an 'owner' and who is a 'tenant'?

Will Mr Lasso be a bit like Al Pacino in The Godfather then and make Solgold an offer it can't refuse? :-)

"s I said a while ago, I think the fag packet metric to use is $1bln to $1.5bln per 'proven' Tier 1 asset. That's cheap as chips, but if you have 3 or 4 x Tier 1 projects then you are suddenly worth $5bln+. That's getting close to £2 a share but that need Porvenir, Tandy and Rio to come good. All doable but takes years to prove up and that's the problem here. BHP and Lasso could get all these projects moving at 3 or 4 times the speed of SOLG. SOLG are actually hampering Ecuador's mining future with there snails pace operations. Granted, some delays have been permit/ red tape based but that's changing fast now. I have no doubts that Lasso wants Alpala in a super majors hands and fast. SOLG are just a bunch of directors with lawful licences. That's all. They are not at Lasso's or BHP's level when it comes to 'high talks'."

I wholeheardedly agree CD and I believe you have highlighted the key aspect of where we are at the moment. Bearing in mind Mr Lasso's need to move the country on and be seen to do so (and so justify the electorate's decision to vote him in and so make it more likely that he is reelected in 4 years' time) there is a real chance that he has already made it clear to the parties in question that he wants to see progress, new jobs for people and so on. I would have thought the main message is a simple one: 'show us progress or we will get a partner who will'. The West needs a stable supply of what Solgold and Ecuador has too. I think the debate has moved quickly on from all the corporate minutiae relating to a minnow like Solgold and that they will have already been made aware of this by those in power. There are many ways in which licences can be honoured but on-going essential negotiations made far more difficult. There is no time to lose for the country.

Come back as a regular soon bn.c You're missed. I'll even buy you some crayons :-)

A pleasure Quady. The bulk of folk on here are decent people I think. One or two get 'excited' from time to time I would say but that's about it. Overall, some wonderful research is carried out by many and they generously share what they find. Overall, some good eggs here. You're one of them. :-)

Well said Quady. Nick helped us all enormously back in AGM times in Dec 2020. What he achieved then set out why these resources are difficult if not impossible to be 'stolen' on the cheap. Well said BNC too. We shareholders prefer geologists to game show hosts I would imagine.

Good morning all. Sorry for being behind developments and I have looked at the last 3 RNSs before posting. I can't seem to see how to vote. Is that known yet and, if so, how is this done? The company seems to say an announcement will be made but I can't see it has been yet. Very grateful for any assistance.

:-) Cushty!

Thank you very much indeed Yachtmaster and to all the others who replied. All the best.