Member Info for RodneyT

There is much more to copper as an element other than 'climate change' issues, PS. So many uses, so malable and invariably found right next to gold and silver in the ground...as is the case at Cascabel. Gold, in particular, has its own attraction in a world of out of control governments and government spending.

Jack, DV is trying to drum up interest in Solgold with II's. As/when they 'come knocking', keep your shares! Liquidity much better in the meantime. What's wrong with all that?

Add, tend to agree with that although would also say that suspect DV's efforts to get more II's invested is already working with more to come.

Which 'big sellers' might those be Ralph? Any examples you'd care to refer to? For balance, would you like to comment on the £75,000 buy at 13:25:44?

Chin up NMM! Don't get stuck in the doldrums. Eyes on the prize. What would you prefer, a technical issue at the lab that leads to a slight delay or a cr*p BOD to suffer day in day out? Solgold in good shape now. Clear plans, well funded, good management, support of world renowned lenders. Life is good. Anyway, let's hope for an August RNS nevertheless.

Quady,

None of us has a clue whether Solgold are talking to third parties about full/partial sale of our assets. We just don't know and neither should we should they be doing so. NDAs have a purpose and, if they don't work, that can be very serious indeed. In short, there is no evidence that discussions are taking place or not. Outsiders like us don't know and insiders will doubtless be subject to an NDA (or NDAs) and so cannot break the terms of that (or those). Meanwhile, DV and team managing the company very well indeed with a clear and plausible route to (early) production. Excellent stuff.

Good morning all,

As I've referred to before, although it's nice to see the share price re-rate as it has, developments at the company are much more exciting and of interest as far as I am concerned. I have no interest to trade this share and can't find the cash at present to buy any more! I think the immediate situation is as follows:

The 18 hole plan and 10 holes completed are both explicitly stated in SolGold’s RNS:

On 28 July 2025, SolGold confirmed the TAM program was 18 holes (5,000 m).

On 15 August 2025, the Company reported 10 holes completed (3,398 m drilled), with 8 holes (1,868 m) still to go.

So both figures are certain. They come directly from the company.

On timing of news (late August 2025)

The 15 August RNS noted that holes TAD-57, 59, 60, and 61 had already been completed, and samples had been sent to the lab.

It also said results would be reported once assays were received.

With SolGold typically releasing TAM drill results within about two to three weeks of dispatch, as seen with the 28 July and 15 August RNS, it is very likely that further TAM assay results will be announced before the end of August 2025, covering at least Hole 57 and possibly 59 to 61.

I guess the company will be keen to make the end of August deadline and so continue the excellent momentum it has created of late. If they are obliged to miss the end of August due to delays at the lab for whatever reason, that would be just one of those things as far as I am concerned and not a worry at all.

Quady,

Agree.

You're way better just focusing on Solgold here!

Well said, Aff, hear hear. It's been a long way for many of us to get to this point. Keep it going, one foot in front of the other...

Agree, aff, NAV estimate of 164p seems sound to me and I went thru Stas20's workings. Getting shares at this level is lovely. Wish I could buy more. May need to have a look behind the sofa or think about selling my Granny :-)

Quady,

Broker notes are never 'worthless'. If they were, why would companies pay folk such as RC, HP and Canaccord to produce them?

Broker notes from company brokers always need to be reviewed as such and one makes a decision about that and what it could mean.

The notes do provide important ideas such as:

1. Professional analysis and modelling

The most recent Red Cloud note, for example, is based on detailed discounted cash flow (DCF) modelling of Cascabel using the 2024 PFS data, adjusted for metal prices, royalties, and financing assumptions. That is real analytical work, not just marketing

2. Sector context and comparables

It benchmarks SolGold against explorer/developer peers on P/NAV and EV/lb CuEq, showing SolGold trades at a deep discount (0.11x vs 0.30x). This type of relative valuation is valuable context for investors

3. Identification of catalysts and risks

The report lists near-term milestones (DFS, ESIA, ExploreCo spin-out, etc.) and outlines risks (geopolitical, financing, execution). These are essential for framing investment decisions, even if one disagrees with the optimism

4. Independent target setting

It sets a target price (C$0.75/sh, a 456% implied return) based on applying a risk discount (0.6x NAV). While assumptions may be debated, the methodology is transparent and follows standard industry practice.

5. Market signalling

Broker coverage provides credibility with institutions and may influence liquidity, especially when majors (BHP, Newmont, Jiangxi) are on the register. Even if investors disagree, the report signals how the market may be guided.

Overall, then, the various broker notes provide valuable frameworks and reference points. They are not investment advice but provide valuable pointers. An excellent example of this was Stas20’s work based on the latest broker notes available at the time plus his own research and that of Needagain’s to come up with an estimated NAV of 164p which, as you know, I agree with.

Sense. I'm done with your abuse and won't post here again. If you slander me again, I will refer what you say to my legal adviser. You shock me Sense but I will seek to take action against you if you slander me again in future.

Eloro, Absolutely right! The facts changed and I changed my mind..DV and team doing a great job. Looking increasingly masterful.

Quady,

I don't think Jack is 'mad'. I think he can be a bit 'different' from time to time but who can't? We must be 'inclusive' mustn't we, Quady? :-)

Juniors who own Tier 1 Assets NK with plenty of cash, no immediate debt to pay and underlying ore prices heading ever higher as ever higher deficits and lower interest rates fan the flames of paper currency debasement? 32% of the company owned by 3 majors too? I think folk can see that Solgold isn't a typical 'junior'. Franco Nevada and Osisko clearly believe in what we own.

Interesting Jack, the BHP AR 2024 aligns nicely with something like that. We'll see, who knows? Let's hope for a good update from the company this week.

OK, sense, accepted and apologies but it was not 'my group' for your information, it was me personally. As for the rest of your slander. That's just what it is. For old time's sake, I'll let it go for now. It is utterly wrong what you say plus the idea that I would sanction profit at the expense of ordinary shareholders is disgusting and wrong. I am staggered with what you say. The best news for me is that I know it is not the truth because it never was and never will be my motivation to gain from other shareholders as a result of illegal and/or vile practice.

PBOW, I don't think you really meant that. Not your style.

If you're familiar with pro golf, many peers regarded Moe Norman as ' a nut job' or similar and he was bullied mercilessely by some fellow tour pros. When asked a few years ago who was the greatest ball striker ever, Tiger Woods didn't hessitate and replied 'Moe Norman'. Not Hogan, not Nicklaus, not Snead, Moe Norman. Who knows, PBOW? Jack could be our 'Moe Norman'!! We all have our foibles, PBOW. Not worth being harsh to any fellow shareholders here. Better to focus on what we have in common - the success of Solgold and achievement of a fair value share price based on the company's assets. This is just what DV said in the 21 July RNS so we need to rally behind that.

I'll put to one side your remarks about me. I have only stood for a fair outcome for all shareholders so nothing you can say or do will change that because it is the truth. Just one thing, who paid the £1000 fee to the barrister? You referred to 'we'. Please tell us all who your 'we' referred to. Come on sense, who paid the £1000? You always tell the truth Sense so who paid the £1000 so that the whole group could benefit from the barrister's view.

Jack, on balance, I agree with your undelying position that this company is worth at least 100p to a buyer (and, potentially, considerably more). We all know in life that, with things in our world such as a house purchase, one cannot dilly dally. There is a deal to be done, the missus has given the royal approval and we then beg and borrow in a effort to secure this 'one off, life changing' asset and see off all the others in a similar boat. 'Er indoors keeps saying it's the most beautiful home she's ever imagined and 'we' must have it. This 'uniqueness' thingy could be real or imagined but it is not hard to imagine based on the environment we have now that parties don't wait for 'an ideal time' to make an offer/buy. They could easily feel compelled to get moving and go for it. I have no idea about whether we will be a producer or be bought. My opinion? The latter - but I don't know that. But Jack, you've been banging on about the value of the asset here for longer than anyone I guess. I've said it before but I essentially agree with your numbers based on the estimated NAV of 164p and 0.8 - 1.1 factors on purchase. There's a contingency there at 100p for decisive ones who don't want to wait for the time more and more de-risking raises price and brings more timid players into play. Meanwhile, DV and team playing a blinder pressing on to a plausible and clear path to production.