Member Info for SavShare7

Hi Unic, no worries. The big question that this does pose is where the 180m shares or 10.6% of the company are with the Bought Deal.... The below are my own calculations from various RNS and Sedar documents so please do your own calculations but I can only pinpoint where c65% of the shares are... Tenstar trading ltd - 7% Blackrock Inc - 6.48% Nick Mather - 5.35% Rest of the board of Directors - 0.79% Newcrest Int - 14.54% DGR Global - 12.04% Cornerstone Capital Resources - 10.03% Guyana Goldfields - 6.08% Guyana Goldfields Directors (found out that Patrick Sheridan, Scott Caldwell and Daniel Noone hold collectively 1.7% from a Sedar Document - 1.7% That gives us 64.01%... There are obviously the 180m (10.6%) shares from the bought deal that are....well... somewhere.... Got a feeling that some on the TSX are holding just below their reporting threshold of 5% which means they don't have to declare (I think). I don't rely on the shareholder info on Morningstar or FT etc as it is so out of date and represents PIs as well as institutions... We know that Newcrest have to follow 60% of the non-Newcrest shareholder vote in the case of a change of control transaction or 100-14.54 = 85.46 * 0.6 = 51.27% of the total shareholder votes.... Anyone know of any other verified chunky shareholders? I have a feeling that Bob and some of the other shareholders who "swapped sides" to Cornerstone may also have kept a small(ish) holding directly here but below the threshold for reporting... Everyone DYOR as the above is just what I have personally found, GLA

...it's chunk from :) Funny that as soon as Tenstar helps Blackrock get a chunk of the shares of Solgold it then starts to top up again... Does anyone else think that it seems like organisations are starting to jockey for significant positions in this company.... Call me paranoid but that, alongside the new Non-Exec Board appointee starts to smell a bit like Corporate action....? Just my own thoughts... Tenstar has close links with DGR Global and provided a lot of the early day funding alongside DGR Global so think they are an ally to NM and the board. Perhaps the aim was to bring another chunky shareholder who is loyal on board to help with corporate action? Be interesting to see if Solgold finally update their shareholder register document on their website now.... GLA and DYOR, the above is just my own personal thoughts and interpretations

Yups, if they were buying for other companies or individuals and holding it as a proxy then they would not have to disclose holdings. Just like HL or IG if the sum of all their PI shares in a company is over 3% they don't have to disclose. They announced because they passed the 5% threshold linked to TSX which makes me think that there may be those holding under 5% but on the TSX which means they don't need to disclose their holding... Do any of our Canadian investors know? Just thinking about the 180m bought deal and where those are held... other than Blackrock potentially holding a chunk? Just checked on the Solgold website and they've still not updated the share register document that is dated the 2nd December.... GLA and DYOR

Morning Solgfinger, I'm holding to the end, whatever that may be, but anything above 50p will be life changing for my family so I will feel amazingly blessed above that level. .. I do think above £1 is possible in a combination of shares and cash offer from a major... GLA and DYOR

�5 sounds delightful but not sure a major would pay �8 billion or $11 billion + .... We know that if we don't take this to production then we, as shareholders (unless a T/O includes shares in the T/O company and cash) will not realise the full value of what is here, that's just how things work. It will be a % of what has been proven in the group due to risk, time, capital required etc to realise full value. It is important to understand how the market value companies with developing resources. Red Cloud Klondike has issued a good report which describes value in terms of C$ per lb of copper. That is a good starting point at the stage of advanced exploration that we are at. Even according to that we are undervalued compared to other companies at this stage in their cycle. http://www.redcloudks.com/RCKS%20Talk/doc/2018/April%202018/20180417%20-%20SOLG%20-%20Cascabel%20Update.pdf Next it is important to understand the development stages according to Ecuadorian law. There are time frames and milestones we have to meet as part of the conditions of holding licenses to explore etc... Look on the Solgold website it explains where we are at.... We have to enter phase 3 - Economic Evaluation of the Deposit (2 years) in August this year to meet our obligations, hence the appointment of a Study Manager. http://www.solgold.com.au/new-page-5/ The closer we come to production the higher the price that a T/O will have to come in at due to things being derisked, clearer understanding of capital requirements (i.e. the $3 Billion of CapEx savings that NM keeps talking about will be spelled out in a PEA and PFS which will aid any negotiations). I do love to dream but I also like figures etc to be based on recognised data and evidence. Anything north of 50 pence for me will be life changing and I personally do not doubt that we'll get far north of there but will need to be based on things that a hard nosed Major will recognise and pay for! GLA and DYOR of course!

Can you guys guess where the Board's head is at when you read the blurb from his page on the law practise's website: "James Clare has a corporate commercial and securities law practice, with an emphasis on corporate finance and mergers and acquisitions, focused on assisting clients in the mining and oil and gas sectors. His transactional experience includes domestic and cross-border public and private corporate finance transactions representing issuers and underwriters as well as merger and acquisitions transactions. He also advises public issuers on general corporate and securities law matters including stock exchange listings, continuous disclosure obligations and other regulatory compliance issues." Key bits - emphasis on: A. Corporate finance -> i.e. to help take this to production if needed B. Mergers & acquisitions -> i.e when any bids come in to ensure they can maximise value Well done Solgold :) GLA https://www.bennettjones.com/ClareJames

Great news all :) Read it and weep derampers :) https://www.bloomberg.com/news/articles/2018-04-26/ecuador-says-glencore-japanese-among-would-be-project-partners

Hi hawkspear some have thought that Guyana may need their profits from their Solgold shares as they only looked at their investment as a money maker rather than anything else and their holding was just over 6%... Will have to wait and see...

Oh my word they are moving fast to get a good chunk of Solgold... Another 1.17% of the company bought up in a week... What do BlackRock know that others don't and what's the rush eh :) lol. GLA and Happy Friday

...over on the TSX. Down to just 5,700 shares from 148,300 as at the end of March. You can check them on https://ceo.ca/solg under the chart on the left hand side. Now just tapping my fingers awaiting the TR-1 notifications to come.... Out of interest the threshold for notification is 5% on TSX and 3% on LSE.... does that mean someone can be buying and moving shares from LSE to TSX and can avoid notification if under 4.99%? Any of our Canadian investors? Mystique? Cheers

No problem Mystique, the fact that the money is forecast to last to end of 2019 is a game changer for a lot of investors so want to ensure people hear about it. Even emailed the company back suggesting that they may want to add this into their note to editors section for all RNS! GLA and DYOR

No problem, just glad I got a response, in the past 2 months it's currently 1 for 2! Nice to be able to share given the great info that others share as well. Have a lovely evening all

I emailed the company after Anna's presentation and got confirmation of: 1.Cash to last to end of 2019: "We have revised the budget and the current cash balance of $80M is expected to take us to the end of 2019. This is due to several factors but predominately the halving of our drilling costs." 2. That info on website was being updated including the April presentation and top shareholders document. 3. That quarterly MRE updates would not happen, they are focussing more on at least one "major update" this year which I think will try to include Trivinio and Moran potentially... "We will not be providing quarterly updates of the MRE. However, ss I said in Zurich, you can expect one major update at some point this year but I cannot give you a more definitive timeframe." I hope people find this useful, GLA and DYOR

For all buyers there are sellers and sellers there are buyers = market. Whether it is reported as a sell or reported as a buy this is a nice chunky transaction. With Blackrock coming on board and the bought deal tie-up ending a mere 3 weeks ago I hoped to see some large multi-percentage transactions. Fundamentals are good and I continue to hold and chuck as much as I can through my ISA this year. Nice little mention by IKN (pinched from CEO) https://incakolanews.blogspot.co.uk/2018/04/solgold-solgl-solgto-solgl-at-la-hueca.html Would like to see some more holding RNS though, let's wait and see :) GLA

Found a cheeky little photo from the presentation earlier this week from someone on twitter - mmmm shiny!! :) GLA https://twitter.com/humenm/status/986242494533861376

I know this board is in stasis awaiting news but my 1m transaction at 2:30ish today was in fact a buy, showing as a sell. Am slowly accumulating shares as this is, quite literally based on cash + assets/investments, undervalued and the board have said they are planning a strategy to rectify. DYOR all

Been keeping an eye on this for a while now... under valued company, nicely spelled out in the RNS. Actions to be taken by the board to address under valuation, cheap in my opinion. DYOR of course, dipped my toe in may go for more, especially if the price becomes even more attractive...