Member Info for Scooters

Quote Nes6 "Also, the final decision of the board of directors to move to Kazakhstan was influenced, of course, by the favorable regulatory environment of the AIFC.

In other words we can do what the @@@@ we like and not consider shareholders. He looks very tired and worn out in the interview pictures. I wonder whether he's making the correct decision?

Probably moved him internally to another position. You can't have the head of Investor's Relations cosying up with a bunch of kiddies posting in a Telegram Group as grown up Investor's. Compliance and regulations have to be kept tight. He was also employed by a separate London registered company and not Solidcore Plc. So you have a guy or guy's employed by their own company acting as customer relations to the public on behalf of another company. So anything they publish or state cannot be held on account of the company they act behalf on only their own company. It's wild west stuff surely legally. In Kazakhstan it's cowboy territory but this was a UK London registered company so falls under the UK financial regulator's territory. Possibly why they will not relist in London now, if they stay solely listed in Kazakhstan they can do what they like look at the past twelve months doesn't resemble the UK Polymetal listening to shareholders company anymore. Different company Different jurisdiction Different laws to abide. The old Polymetal company would Never be involved with or even have a Telegram group or groups in existence. Now you have a bunch of juveniles talking nonsense all day long under the company's name umbrella. I mean talk about fall from grace? Go read the HOC or CEY boards it's about grown up discussion not kiddies gibberish. Surprisingly the company allows its name to be attached to such a thing.

properly heartbreaking stuff. poor old raphesl. take care *****cat.

E:

@Urban_achiever Thanks 🙏 Good luck 🍀

We will miss you

R for Rabbit:

@Urban_achiever You’ve been amazing, always going above and beyond for us private investors and what anyone would usually expect from the head of investor relations. Thankyou for everything you’ve done for us over the past couple of years.

Alexander:

I have been invested since pre-war times into Polymetal and now SCR, and one of the reasons for choosing this particular company was the outstanding speed and helpfulness of Evgeny‘s answers. Many other companies don‘t even bother with regular retail investor inquiries. Thanks again @Urban_achiever

Simon O:

@Urban_achiever I am so sorry that you’re leaving the IR team. You’ve been amazing!

RobertP:

@Urban_achiever your leaving is a big loss for Solidcore. Thanks for all your support for PIs over the last few years, we wish you all the best.

Confused_Gerbil:

@Urban_achiever Just want to echo what others are saying, you've been present for the small investor when times have been uncertain (and for a novice investor like me, downright worrying) and always responded to repeated, duplicated and downright daft questions with patience and courtesy. Thank you.

EМ:

Dear all, thank you for your kind messages. You're in good hands with IR team here. Keep well and best of luck.

Raphael:

that may be the news that triggers the $2 shares but i'll be too sad to buy

BIB:

Hope Kirill picks up the telegram presence where you left it 😂

Raphael:

i already answered on the north america chan but thank you Evgeny for all the time and patience you gave us

best IR ever

Juan R Camilo:

Thank you Evgeny

Hassan:

You'll be missed. We wish you all the best.

BIB:

Thank you sir for your kind help through these hard times

Simon O:

@kkuznya is already a member of the group and is currently here in a 'read only' capacity. I remember when Evgeny said the same 🤣 @kkuznya we look forward to working with you into the future, Thank you for being here!

For clarity, that's Kirill 😊

Craig P:

Kirill has some big steel toe cap onsite safety boots to fill! Best of luck Evgeny and thanks for keeping us all informed through these tumultuous times! 🫡

Https://open.endole.co.uk/insight/company/07703858-solidcore-london-limited

sign. solidcore resources london is a london registered company acting on behalf and offering an investor relations service on behalf of solidcore resources plc. its an independent company so accountability falls on the company offering the investor relations service not solidcore resources.

just like haylk bank who is contracting as market maker for the aix listed shares and is also the principle broker.not sure whether there's a conflict of interest there. liquidity?

back of a *** packet calculation 40% of free float has passed through the aix exchange from private to fund's and institutions since september 2023. remember there's no need to disclose unless they go over 23 million shares.

ppf and blackrock are not over the disclosure threshold so the rns today about shareholders structure is a bit of a bluff. as four or five institutions or fund's could be loaded up and not disclosed as the aix disclosure rule is 5% much higher than the lse.

the rns today highlights the company are aware of low book volumes but huge off book volumes going to the big boys but staying under the 5% threshold

there was no need for that rns today hence why publish to try and sanatize

it's obvious the whole last twelve months was a shareholders structure rebalance hence the nonsense posted in those telegram groups

Funniest thing. Solidcore Investor's Relations is a separate company to Solidcore Plc. They are registered in London as a Plc with only one share issued.

Even funnier they share the same name as the Telegram group they post replies on. Odd eh?

Solidcore London previously Polymetal London

https://find-and-update.company-information.service.gov.uk/company/07703858

Reading the chat history I'd guess it's not Selevi who's sold out on a 390k loss, he was commenting on Tim's chat history. Tim's all out on a big loss over 390 grand.

Investors Relations have more or less stated that funds and institutions are the only buyers since leaving London hence private investors selling into the AIX. The big boys scooped up all their stock.

IR on Telegram

Honest answer: i do not know. But a rational presumption would be that the shares are going from hands with higher propensity to trade to hands with lower propensity to trade.

87 million shares transferred from the Moex to the AIX. Delisted completed. Total traded booked volume since listing on the AIX in April 2019 till today. Just over 40 million shares traded in five and a half years in market.

All the big volumes gone from private retail to funds and institutions off book, off market.

Investors Relations representing Solidcore Plc commented on this when asked why the volumes in Astana were ridiculous compared to London and then Moscow.

Investors Relations reply was.........

Honest answer: i do not know. But a rational presumption would be that the shares are going from hands with higher propensity to trade to hands with lower propensity to trade.

So from the horse's mouth as they say?

UK Peter Trust LLC, now own 3,859,310 Solidcore Shares.

0.8% of issued shares

Still over 18 million not interested in the AIX.

The patient capital remarks were made by Vitaly Nesis the CEO no one on here old chap.

I think he'd like to see a little more liquidity introduced from a few more sellers you think?

$2 shares cat food eaters.

Forget Salmon and sell your shares

We want your shares for $2

I'm London Solidcore Resources on Telegram get in touch

@raphael_bzh

From Telegram Solidcore Resources Group

Current EV: c. $ 1,655,500,000 (473 million times by $3.50)

Achievable cash $531,000,000 (net cash and unsold inventory)

Current EV: c. Minus achievable cash $1,124,500,000

2024 e. EBITDA > $600,000,000 (Gold at $2600 or higher)

Trading at 1.88 x EBITDA Minus achievable cash EV

Trading at 2.76 x EBITDA not taking into consideration net cash and unsold inventory

(4 times EBITDA) I’d expect for a Kaz miner

2.4 Billion mkt cap

$5.07 share price would seem reasonable

So trading at a $1.57 discount

Sitting on $1.12 net cash/unsold iinventory per share so it's trading on assets $2.38 a share with EBITDA at $1.27 a share. If gold holds or moves higher the metrics get more discounted

It can go to 20 dollars but if you're unable to buy last week last month or tomorrow it's not really an investment you can invest in. A bit like Unicorns hard to get hold of.

Just type in Solidcore Resources and the group's will show up in the search. You don't have to join to read or copy posts. Some good calculations on there and some crazy wagging

If SC sold down all inventory they would be sitting on over half a billion in cash that was in June probably now closer to 600 million US dollars and would be debt free if they decided to use their other cash pile to pay off all debts.

They were net cash over 350 million US dollars back in June with 233 million US dollars worth of unsold inventory

Crazy valuation considering where gold is and going

A Ftse run company being discounted because it's impossible to buy in a big position. This time next week you can't buy on the Moex last buy day is the 24th September so then it's only the AIX

The sp is risen and you can't average down because you can't open an account with a broker who allows you to buy

BNY Mellon can't exchange due to breaking sanctions.

Reintroduce the ADR. 5 million shares in limbo

Hargreaves and Lansdown shares locked in limbo

AJ Bell shares locked in limbo

Tabys App shares locked in limbo

Paper certificates locked in limbo

Guess over 50 million shares never to be traded until they relist on a Western exchange. Will they ever maybe never.

Bit of a pickle

I'll post some stuff from the Telegram groups.

Debt obligations for

2024 – $135 million

2025 – $179 million

2026 – $104 million

2026 – $34 million

2028 – $11 millions

All being allowed to mature till settlement dates

$233 million in unsold inventory

$761 million in cash

Unwinding unsold inventory, settling all debt obligations then NET cash would be $531 million

$1.12 per share NET cash valuing the assets at $2.03 per share

Current EV: c. $1,489,950,000

Current EV: c. Minus achievable cash $958,950,000

2024 e. EBITDA > $600,000,000

Trading at 1.6 x EBITDA Minus achievable cash EV

Trading at 2.49 x EBITDA including cash realised EV

Walk it back. The Government of Oman owns Mercury Investments International LLC which leads a consortium of investors from the Sultanate of Oman and these investors 100% own Maaden International Investment LLC.

So basically a consortium of investors led by the the Government of Oman (Mercury Investments International LLC) set up a company and called it Maaden International Investment LLC. This new company essentially was set up to buy 30% of Solidcore Resources.

So the new owners are pretty rock solid as the Government of Oman and a few other investors it seems grouped together to buy into the company.

So the Government of Oman owns a big chunk of Solidcore Resources and they are struggling with getting finance. That’s unique.

Sold 2/3 of the business and 1H 2023 compared to 1H 2024 net profit has only fallen by 13%