Member Info for RodneyT

Wholly agree BS. Fluff. Fluff and flannel.

With such a huge spread, it is difficult to get out if one owns a significant number of shares. Since AGM 2023, this company has over promised and under delivered. We need a fresh approach. New day to day management. CB and friends can keep their shares and that's fine. This management team is not doing a good job leading this company forward. It is not maximising the potential of the business. That is not to say CB should go. He should restrict himself to what he does best and bring in new people to lead this business forward.

Iky, I agree with what you say.

I have notes from the 2023 AGM. Numerous prospective/imminent sales were referred to. None have happened. Meanwhile, company presentations, updates and communications are thin on the ground. We are thrown a morsel from time to time with the aim of keeping us hopeful. I find it cynical. This company, if it has any potential (which I believe it does), needs new management immediately. Doubt that will happen given the share register. What are you doing CB other than rattling off a few words from time to time? Get new management team. Now.

Given the context, going all the way back to what was said at the AGM 2023, what a totally naff RNS. Awful.

Stack, what will you say to those you have tempted to throw their cards in if we suddenly double based on transformational news from the company? This could happen at any stage starting now.

:-) if only you knew Red :-)

Red,

The comments I made cover whether directors of listed companies can buy shares in the company in question at a given point in time or not. My references clearly show a legal scenario where PS could buy and, say, DV, could not. It follows that PS buying shares does not mean that there will be no vital corporate news imminently but it also means that there could be. Either is possible and unless the company/PS clarify in due course, we might never know. This is all about Solgold not about you or me, Red. We are all entitled to our opinions and we all come from various backgrounds. I don't see myself as any better or worse than everyone else here. I suggest you take a similar position.

Stack, you come across as an upstanding fellow. With that in mind, will you now apologise to those who were influenced by your consistent predictions of an ever lower share price back when we were in the high 6's? Those that sold ( and I understand there we many) not only found it difficult to buy back in a the price increased rapidly but have, in many cases, not reinvested until now. A few words of contrition from you would go a long way for those affected.

Trouble is Stack, you were saying similar at 7p and that was ca 80% up ago. :-)

In UK listed companies, trading restrictions for directors depend on whether they have inside information, the timing of closed periods, and company policy. A director with precise, non-public, price-sensitive information (inside information) cannot trade under MAR Article 14. All PDMRs are restricted during closed periods (e.g., 30 days before results) unless a MAR exemption applies. Companies may impose stricter rules via their Share Dealing Code.

Director A is involved in takeover talks and is barred from trading. Director B, a non-executive chairman who deliberately stays out of sensitive discussions to remain independent, has no inside information and may be cleared to buy shares outside closed periods.Conclusion: Directors’ ability to trade varies with their access to inside information and timing. Some may actively avoid involvement in certain matters to preserve independence and remain eligible to trade. We don't know PS's position on this so unless he reveals it, some version of the above could apply i.e. PS can buy shares and NM/DV can't for example. This is what I sketched a few weeks ago Red. PS might deliberately not be on some type of working committee, for example. He may wish to keep out of certain discussions and for many reasons.

Red,

I did my research and will post it as soon as I can. PS can easily be in a position to buy shares whilst others can't. I trust you will comment accordingly when I post how this can be so?

Red,

Do some work on close periods and you will see there is scope for PS to buy without breaking rules. I wouldn't have said there was unless I could see how it is possible. I'm not saying anything about PS. I am talking about the rules. Either way, I am sure he did not break them.

PBOW, they can simply discuss with the government and agree a way forward. Neither party wants any delay in progress. The IMF specifically referred to progress in new industries during its recent agreement with the country. It's also clear that DN is streamlining the levers of government. He wants to be seen as a doer and so get re-elected in due course.

Not necessarily, Red. I covered that previously based on FCA rules. PS may not have been party to certain information and may have cleared his purchase with the Company's counsel beforehand. We don't know for sure.

Toppy? When news on ExploreCo and/or TAM could arrive at any stage from now and be transformational? Stack, :-) :-) So funny!

Agree IP. At any stage starting now.

Agree, PBOW. I don't see any evidence of an offer or impending offer but then, if NDAs are working, I wouldn't expect to.

What I do see is an increasingly well managed company doing all the right things and one of those might just be production at TAM. In aby event, the company is putting out a clear message to potential suitors. 1. If you don't want to buy us, no problem, we'll go it alone and it is feasible to do so (TAM changes so much). 2. If you want to buy us, it will be a fair price and so nowhere near the current SP. Have a look at NAV if you're interested and then let us know what you're thinking.

It's all good. Well done DV and team.

July 17 2025 referred to 'a more detailed update on ExploreCo is expected in the coming weeks'. The implication of this is that news is slightly delayed but still pending.

PBOW,

Don't forget the scope for news on ExploreCo too. DV mentioned news on this forthcoming in August. ExploreCo is an exciting part of Solgold's future as well as that of Ecuador.