Member Info for RodneyT

We agree to disagree, Eloro. We'll know soon enough. If I'm wrong I will gladly admit to being so..I've stated my position.

DK, In my view, nothing about the announcement today is as it seems.

This is not over just yet and Noront shows this.

In July 2021, BHP offered C$0.55 per share in cash to acquire Noront Resources, and the Board supported it. Wyloo then stepped in, gradually raised its offer, and despite early board backing for BHP, Wyloo ultimately won with a C$1.10 per share bid after sustained pressure and shifting shareholder sentiment.

SolGold now sits in a strikingly similar position. JCC has tabled a 28p non-binding offer and secured provisional support, but nothing is locked. As with Noront, key news like updates from TAM or the CIPA agreement could shift the valuation landscape and draw out higher bids. The game isn’t over. If value becomes clearer and pressure builds, the SolGold board, like Noront’s, may pivot and shareholders could yet see a materially higher price.

DK, a fake Rolex. Wait to see what happens before the 26th before reaching any conclusions.

I'm sure you know, Stack.

Thanks Add, the bulk of folk here value your contributions and integrity. What you've received from PS makes perfect sense to me. Just having a look at previous 'non-binding' horse trading scenarios in the mining industry. Will provide brief summary asap.

PS, for your own sake, please be extremely careful what you send to the Company/DV.

'f Dan fails to issue a PFS update, CIPA and more TAM results, then you'll know for sure that they and Him do not want to scupper this Chinese deal. It means they won't get their options had outs... their big pay day. Just watch... they will not be defending this imho. '

I hear you with your words Fort and you would be dead right were there to be no news of the type you refer to. My position as you know is that there will be. Also, if we take DV, a £4 million payday before tax. Is that REALLY huge cash given, say, the price of a nice house in Dulwich? Not only do I believe in our Board doing the right thing for small shareholders, I genuinely don't believe that the above represents a ginormous payday. He'd clear £2.5 m or so. Games afoot. This 'non-binding' game is not over yet.

Game not over Adi. JCC have a 'non-binding majority'. I think the rough Chinese translation is 'chocolate teapot'.

Yes, PS, I believe you are right. Also, should tremendous news about TAM be announced, Solgold could state outright that it wants to press on with TAM production. With FN in tow, this would be a fine move for shareholders.

Med, In my view, this is a classic 'Nash' move by NM. He avoids confrontation, helps anchor a minimum value, builds pressure for higher bids, and stays flexible to pivot when new information arrives. It’s a tactical, not a terminal, decision. Same goes for the others. As you know, I believe news will arrive and soon!

Eloro,

I'll vote against it so we're united on that.

Don't think so,Tim. I think others here are on the right track. I think we all agree this is a strategic asset located in a strategic area.

This is not a deal phase but a signalling phase, where players are aligning temporarily to manage timing and expectations without commitment.

The non-binding nature of all support so far means 'the game' remains fluid. The appearance of consensus is strategic, designed to anchor expectations around 28p while the door remains open for new information, higher offers, or shifting alliances.

In Nash terms, this reflects a classic unstable equilibrium. It is temporary alignment based on current incentives, but one that could unravel, especially if material news such as TAM or the CIPA agreement shifts the payoff matrix. It is a dynamic and high stakes signalling contest, not a sealed deal. I think someone here referred to it as 'game on'? I agree.

PS, I think you are right. 'Non-binding' means just that in day to day business. At least in my opinion it does. This gives scope for things to change rapidly here. Major news means all the parties review their positions. Who wouldn't when one is not bound to an agreement?

Bozi, That's my opinion and I have explained why.

Bozi, What are you asking me to prove?

My position is that all to do with the JCC offer is non-binding. This means that no party is committed. This means that news from the field such as strong news on TAM or CIPA could change the material facts and therefore all those parties who are not bound are perfectly entitled to change their positions. The situation is not defined and is fluid albeit with a likely 'soft' floor at 28p.

Bozi

'The whole binding/non-binding thing is a red herring'

If this were the case, why bother to distinguish in an RNS? Would they reference and concur with your position in a Court of Law?

The distinction was made for a reason. Plenty to happen between now and the end of 2025 at Solgold. I am confident in the Board and its motive i.e. a fair outcome for all shareholders.

Needy, So sad. ;-(

All non-binding so 'news sensitive'. Patience.

Needy, please stop your excessive alcohol consumption down there. It is not good for your health or reputation. ;-)