Member Info for RodneyT

Quady,

I revert to the work done by Stas20 2 or 3 months ago on the NAV estimate ( when the prices of gold, copper and silver were significantly lower and the Solgold project was less advanced than it is today). Stas20 came up with a 164p per share NAV estimate. He showed workings and referred to both the RC and HP broker notes. Sound work by Stas20. The 164p per share NAV estimate is sound too.

'For the birds', Stack? How's that 5p purchase going? :-) NAV 164p per share. Reasonable estimate.

Quady,

'Going alone' becomes more feasible as the days go by but that is not to say that this will happen. DV and team are defending beautifully by showing suitors that going to production alone becomes more credible day by day. Infuriating to greedy corporates who have tried to accquire this assets on the cheap in the past and have failed to do so. DV's simple message to suitors is 'make a credible offer for some/all of our assets if you want. We are heading to production whilst you think about that and are de-risking all the time and so become more valuable.' The hunted have become the hunters. Bravo DV and team. NAV est 164p per share.

Delighted with that. Well done DV and well done Solgold - perfect start to the week with the LME meeting coming up.

Confirms broad, high quality copper/gold mineralisation from surface at TAM, highlighting its potential as a low capex, near surface source of early mill feed for Alpala.

These results strengthen SolGold’s staged development plan, showing a credible path to early cash flow, faster payback, and reduced funding risk. The tone is measured but the message is clear - TAM is becoming the practical catalyst that can unlock Cascabel’s full value.

A positive, well timed release that improves both project visibility and investor confidence. Supportive of short and medium term share price. Great defensive play too. Buying Solgold is becoming pricier by the day for potential suitors and TAM unlocks real scope for Solgold to 'go it alone' if need be. Folk such as BHP never believed that Solgold could get to this stage where autonomous production is feasible - but it is now. Great defence DV and team.

Mmm Stack but can you sort me for a few at 5p as you kindly predicted a few weeks ago. As you know, I'm a bit skint but I get a bit of cash together somehow. Cheers

PBOW,

Cool, so you've got a Book Cost of £200,000 and the current value is much more then? Good for you!

PBOW, Did you see the '£' (GBP) sign in front of '200k'? That means GBP200,000. Agreed?

PBOW,

A quick look at how the Ask has behaved on L2 over the last couple of weeks had many folk concluding that they were looking at a 'holding position'. The natural price for this share is far higher based on NAV. Our CEO and Board think so too. This is why folk are excited. As an owner of £200k of shares, you must be excited too? Good for you!

PS, not anything to do with Solgold but a good point. Just look at the mess at Orsted in Denmark, a company which Barry Norris has made so much money for his clients by shorting the share.

They were gushing on about Lu at the AGM 2023. The delay has been horrendous.

Tend to agree with NMM's comments re CS.

It might look like a small, routine option exercise, but it could be a clue about what’s going on behind the scenes. Stackhouse is effectively running the finance side of SolGold, so if he’s exercising options now, it suggests confidence in where things are heading. People in that position tend to be cautious. They don’t move unless they’re comfortable that the company is stable and that bigger news isn’t far away.

Tidying up things like option exercises before major events, such as a meeting with President Noboa or new assay releases, also keeps the books clean and avoids any suggestion of insider trading once more material news comes out. It’s good corporate housekeeping.

It’s also a quiet signal to investors and to partners like Franco Nevada and Osisko that the company is organised, confident and ready for the next stage. So while the amount involved is tiny, the timing and the message are both positive.

SolGold looks like it’s getting its house in order ahead of what could be a very active few weeks.

Perhaps someone can clarify but I believe DN and DV are due to meet soon? It's a key meeting for both men.

For President Noboa, the goal is to show that Ecuador is open for major investment and that responsible mining can be a foundation of growth. Cascabel is the country’s flagship copper and gold project and a symbol of whether Ecuador can attract long term global capital. Progress at Cascabel strengthens his reputation as a modern, pro business leader early in his new term and provides jobs, export income and fiscal revenue.

Noboa’s political instincts and background make this particularly relevant. He was educated in the United States and has longstanding business and personal ties there. His family’s group has operated through Miami for years and he has positioned himself as a bridge between Ecuador and Western investors. He is close to U.S. political and business circles and has expressed admiration for Donald Trump’s business driven approach to leadership. Aligning with a Western funded mining success gives him both economic credibility and geopolitical balance at a time when Chinese influence in Ecuador’s resource sector is strong.

For SolGold the opportunity is equally clear. The company needs the President’s visible backing to move the permitting process forward and to give confidence to its financing partners. A joint statement of support or commitment to expedite the CIPA submission would send a powerful message to Franco Nevada, Osisko and any new strategic investors that Ecuador’s political risk is under control. It would also help advance power and infrastructure talks which are needed before the third tranche of funding can be released.

SolGold can offer Noboa a practical win in return. The company can commit to lodging the CIPA on time, accelerating early works at TAM and generating local jobs and community spending. Both sides gain from showing progress: the government demonstrates delivery and SolGold gains regulatory certainty.

Assay results could be released at any time, possibly to coincide with or follow the meeting. Strong results would strengthen the shared message that the project continues to improve technically and economically. It would give both sides a clear line to present to investors and the public: Ecuador is advancing its premier mine with strong international backing.

If this comes together, expect a joint communication confirming cooperation on permitting, infrastructure and local participation. That would likely mark the point where the market begins to revalue the company and where political and commercial interests finally align in visible form.

We are only on the 7th day of October and Solgold remains on track derisking the projects and moving on towards production. As we know, TAM is extremely exciting and could even been totally transformational.

Plenty of uses for Solgold's copper, silver and gold. Follow the money on UK power generation, what works and what doesn't. Wonder where those assay results are? RNS tomorrow with a bit of luck.

https://www.argonautcapital.co.uk/blog/articles/2023/10/25/britains-a-goner-with-the-wind/

Serica referred to them in their presentation. Couldn't make it up...

No monies here. I guess cash could have been received by CS, cheques sent and then administration was annnounced? Instant change of situation and obligations legally. 'Stranded Asset' created?

Stack,

Could you let me know where I can pick a few up for 5p please? I'm a bit skint but will have a look behind the sofa and have a few. Cheers.

PBOW,

Rumour has it that DV and DN will meet soon. Both want progress with Cascabel. I would love to be a fly on the wall at that meeting. Lots to discuss, plenty to agree. DN has political needs and the country has economic needs. Advancing Cascabel asap helps both.

NMM,

That's why having a board like this and having a discussion is interesting and thank you PBOW for the additional reference. I have stated my opinion that the CIPA will be filed by the end of Q4 2025. I still think it (they) will be.

NMM,

Please see below.

FN/O agreement 5.2(f):

“the SolGold Parties shall have submitted applications for all final Permits for the construction and operation of the Project and the tailings storage facility, designed in accordance with international best practices, and copies of such applications shall have been submitted to, and be in form and substance satisfactory to, the Independent Engineer”

This is what I refer to as the “CIPA filing.”

In Ecuador, the act of submitting the Environmental and Social Impact Assessment (ESIA) with the results of consultation (Consulta y Participación Ambiental – CIPA) is the formal step of submitting the final permit applications for construction and operation. So in corporate presentations and RNSs, I believe Solgold shorthands “submission of final permits” as “CIPA filing.” Do you agree or disagree with this?

Fort,

I think this comment is a little unfair on DV and the company.

As a shareholder in SOLG, I find myself asking some simple questions and often I don't have the answer. It still feels a bit cloak and dagger and the presentations don't actually have much substance to them.

DV had to get onto LinkedIn to simplify what the updated presentation said about Solgold's gross undervaluation versus several peers - there was a complex slide on that in the updated presentation which many PI's didn't fully understand apparently.