Member Info for RodneyT

Add,

The facts change, one can change one's mind. They've done a great job. Genuinely delighted to state that as my opinion.

Agree Add, top priorty of the Board as I see it is to continue to drive a dynamic company forward. Set goals, achieve them, make progress, press on. Potential suitors see a business getting more and more successful (and valuable) day by day. A beautiful hedged position and great defence. Bravo DV and team.

Yes, Fort, and perhaps Canaccord have some clever ways of dealing with that short? The latter looks increasingly odd by the day let alone the losses it's racked up already. Based on the company as it is now, the short looks about as contemporary as a kipper tie. DV asking Canaccord to 'have a look at that short' strikes a chord with me! ;-)

Good morning all.

Well, it's all coming together beautifully isn't it (shareholders)?

SolGold’s immediate prospects look increasingly positive. The company has recently reported strong drilling results at Tandayama-América, part of the Cascabel project in Ecuador. These intercepts are near surface and point towards the potential for an open pit starter operation, which could lower costs and accelerate early cash flow.

At the same time, SolGold has appointed Canaccord Genuity as corporate broker to strengthen shareholder engagement and improve its visibility in the market.

Cascabel itself is being advanced more quickly, with first production now targeted for early 2028, several years ahead of the original plan.

Analysts have responded positively, with consensus price targets significantly above current levels.

Together these developments suggest a clear path to greater value, improved investor confidence and earlier revenue generation than previously expected.

Beautiful stuff DV and team. Don't forget that (significant) news still due by the end of August. Most of all, this is a dynamic, well-funded business now with excellent management.

Agree, PS, and they'd have seen what not to do by watching BP destroy itself and become a jack of all trades having previously been an outstanding O and G business.

First and foremost, this is an excellent company with excellent management and excellent prospects. That's all really exciting. It's 'nice' to see the share price rise a bit but the former is just super. Bravo DV, PS, NM and team!

Needy, I have said so many times my dear fellow, I am excited about what Solgold are doing as a business NOT the increase in share price of late. The latter is good to see but events at the company are by far more exciting and more important. Aren't you excited about how the company is rapidly moving forward, Needy?

Needy, calm yourself, please. You're getting quite excitable this morning and the blood pressure could be rising. Presumably, JCC, BHP and NMM are all terrified with prospects just as you seem to be? ;-) And that silly billy PS buying in at 9p or so. What was he thinking, Needy? Do you think he 'took profits' already and thrown his cards in? I guess that's what 'winners' do so that they can relocate to Switzerland.

It is indeed, Top. Genuinely exciting to see Solgold progressing so well now. I think the word to describe progress under this new Solgold Board might be 'dynamic'.

Needy,

'one share holding desperadoes'?

:-) :-) Oh yes, we shareholders are desparately anxious that one of our holdings (Solgold) has increased in value 115% year to date and is still 80% lower that the estimated NAV of the company's assets. It's an absolute shocker. I guess you are very anxious too, Needy?

Stack, I thought you were going to apologise to those people who took your advice when the price was just under 7, sold out and then struggled to get back in when the price soared? I understand many of those concerned are still out. Please admit that you called it wrong back then and say sorry for that.

On balance, I think the SP will move up steadily and that there could be a bid for some or all of the Company towards the end of 2025. As I have said before, I'm actually more excited about how Solgold is developing now along with the way it is being managed. If these are good, which I think they are, the SP will travel towards NAV as time goes by.

I did not ever say Solgold 'would be gone' at 130p. What I did say was that I agree that the NAV of Solgold at the time Stas20 estimated it was 164p. I think it is higher now based on spot prices and developments at Solgold. I also said that M&A deals for assets of this type are usually completed at 0 8 to 1.1 x NAV. As to when any deal might be done, I don't know. What I do know is that DV is defending beautifully by clearly showing that the company can and will go on its own to production if need be via TAM. If suitors wish to buy some or all of this company, the price will relate to what I have said above. If not, no sale and we go to production. Very well done DV and team!

Tim,

Broker note SP projections come and go, understandably useextremely conservative assumptions and usually turn out to me miles off. The notes are useful for the technical assessment though. Stas 20 did some good work a few weeks ago with Needagain which was based on the most recent HP and RC broker notes. The 164p NAV figure looks about right to me. A broker forecast of about 40p or so 12 month forecast looks like a 'bogey number's me. I believe the figure in 12 months' time will be quite a bit lower or quite a bit higher than that. My view is that it will be quite a bit higher based on all we know and what is happening now.

Not buying that, sorry. As and when management performance changes, I'll change my mind. How can GLR expect to be taken seriously when the company routinely doesn't bother replying to pertinent questions from shareholders or updating company presentations? Check the website yourself right now. No, stale. Could and should do better. I think we need new management. CB can stay but we need real leadership and now. I'm simply not buying into the way management is running this company at present. Either they improve immediately or they need to go and soon. CB should be big enough to accept he is not up to the job for whatever reason nowadays. Stay as a shareholder and give executive leadership to someone who can lead this company with some gusto. Last 18 months since AGM 2023 have been dire. Simply dire.

They generally don't respond nowadays so what's the point? Either hold and hope or sell up. No decent company presentation to review, investor PR who don't reply. Nasty stuff. CB has talked big over the last 18 months but I don't think this company is being well run at present. Feels stale.

Yes, Triple, and DV talking about ASX listing and the Oz legislation this entails which only puts pressure on interested Chinese suitors is clever not just due to the coverage of applicable legislation but also perceived 'home player'advantage.All the while the company had its one clear and clean plans towards production. Very well done Solgold. :-)

Yes, Quady. NM is the real deal. He's got heart and guts. I admire him for that and focus on it. We all make mistakes and he's made a few just like the rest of us. I trust his motives in relation to us as shareholders and always have.

Fair point Quady and a good one in my view. DC excepted. Really pleased to see the performance of the Solgold Board of late. DV, PS and NM in particular.

Add, I think we both agree, it's always been about the company and developments there rather than the SP. Actually, I more excited about the clear evidence of top management in action and delivering on goals than I am about the rise in SP. It's genuinely exciting to see things coming together as well as observe the clear focus of management who seems to act as one very well now. Bravo DV.

We are on target to produce at Tandy and that is entirely feasible and plausible. Any party who wishes to buy some/ all of the company is going to have to think about NAV and the level deals tend to be made at so 164p and 0.8 -1.1 NAV. This could be a bit out either way but it's miles from where we are at the close. Nice work Dan and team.