Member Info for RodneyT

Good morning PBOW,

The protest was about diesel subsidies too. Don't you think the latter is a much more important topic day to day for ordinary folk such as farmers, drivers and the self-employed. An instant increase in the price of an essential good can easily bring thousands to the streets even though millions of others stay at home. 18 million or so in the case of Ecuador.

How did the locals perceive you, PBOW?

Interesting find, IP. Are you sure about that?

Oh really, PBOW? You do know that in the 2025 Maths Olympiad, an annual worldwide maths competition, Australia finished ahead of the UK in 15th place. If they are 'thick' what does that say about us (you)?

Agree, MF, thanks for pointing out. I replied to that title in error.

What we have is a finite resource in a world of out of control money printing and big government. Not too many of what we own around in global markets. Yes, I think 'Mad Jack' does have a touch of brilliance about him. Bold too. I enjoy seeing that he's posted. Always on tenterhooks! What on earth will he say this time?!

IRH based in Abu Dhabi and CB based in Dubai? All he has to do is drive an hour down the Zayed highway in his Bugatti and he can have a chat with them. Cost of buying GLR peanuts for the AD Banyi Yas families. Exciting times at GLR. Red or Black? Hopefully we'll know soon enough.

Jack can be lively and has his faults.. just like the rest of us. Some of his posts make me chuckle. It's almost as if he's in remote WA lying in the back of a 'Ute' with a few 'Tinnies' for company :-)

MF :-) just as Stas20 said almost 3 months ago. His 164p estimate was well considered. He could well be right.

Wow!

Superb by DV and look at that figure on the right. Is that about 164p I see? DV is a dynamic and focused CEO. Terrific that he posted that today.

Good weekend all.

That's funny, PBOW! I was thinking that you had Dan Vujicic in there as clown in chief. He's not done his duty for you after all. :-)

Personally, I find DV and his team a breath of fresh air. He's doing an outstanding job plus TAM and our other resources are performing well. Q4 will bring another $33m or so from FN. Are the latter bad too in your view?

PBOW :-) Is that all? Take a chill pill. We have a super Board managing an outstanding company which owns world-class assets. If that's not good enough, Premium Bonds might be a better option for you.

Since when was real life a little spreadsheet on your laptop PBOW? If laboratories and/or governments take a bit longer than usual, what exactly do you expect a CEO to do about that?

DV has made tremendous progress in the last few months. We know it...and you know it. This is why it is so odd that PBOW Mk 2 is so negative.

PBOW thinks the results are ' a blow'. Wonder why you would say that PBOW. What's your motive? DV made a clear statement that he is pleased with near surface results at TAM. He also included a slide in the new presentation (slide 11) showing in detail how undervalued this company is. What more do you expect him to do for you as a shareholder?

PBOW,

You want everything now then?

DV has been travelling the world, doing his duty and doing a great job. The TAM results are stong for the business and for shareholders.

I am sorry this doesn't meet your expectations. Personally, I am extremely pleased.

PBOW, 'a blow'? The CEO of the Company said that he was pleased with the near surface results at TAM.

Who do you recommend we believe, PBOW?

I checked the position on other open pit mines globally. TAM is in good shape.

If I were DV, I guess I'd be pretty frustrated to read that strong results are referred to as 'a blow' on here.

PS, Slide 11 could be clearer but, nevertheless, does give a clear framework showing strong undervaluation versus a variety of peers.

I think you are right: a punchier statement about TAM results alongside a clearer version of slide 11 would be great.

Without doubt, there is an excellent picture to paint in dollars and cents terms.

A bit of a polish DV and team then re-state?

Good point PS. I hope DV or one of his team monitor this board and read what you say.

As we know, DV mentioned on Linked** that he was pleased with the TAM near-surface results. Hole 65 delivered 166 metres at 0.44% CuEq from 20 metres depth, including 74 metres at 0.61% CuEq and 14 metres at 0.76% CuEq. Hole 60 returned 124 metres at 0.41% CuEq from 40 metres.

These are thick, shallow runs that compare well with other open pit porphyries worldwide. It's highly likely that this data confirms TAM’s role as a starter pit with low-capex, near surface ore that can generate early cash flow. In turn, this makes the whole project more attractive, significantly de-risks the project and also brings more potential bidders into the Solgolfd universe.

Markets often looks at short-term headlines, whilst DV and his team focus on building a credible mining plan. Near surface continuity is what matters most for the Project Execution Plan and this week's results were solid and constructive, even if they do not grab immediate attention.

Long-term, they help underpin TAM as an open pit mine, SolGold’s Tier 1 case and the financial attractiveness of Cascabel.

Sum up? A good step forward for the company and its shareholders. Good work DV and team.

Very interesting J, thank you.

I suspect you’re right: this is not a "greenfield, hope-for-the-best” play. It’s a brownfield extension opportunity in a world class copper province.

The market probably values Luansobe only on the shallow open pit, not the deeper potential. If IRH or another Mopani partner wants that optionality, Galileo could get a deal that reflects more than just the near surface tonnage.

It still needs drilling to validate, but the geological and commercial rationale is strong.