Member Info for Sh4reInvest

Needalife,

I really don't get why you disbelieve that people will have such numbers of shares.

I had nearly 3million shares at one point, now down to 1.5million shares. I am a normal working person in a relatively high paid job but regardless of that fact I bought originally over 12 years ago and have traded them and added to my holdings to the point where 3million was too many for me to feel comfortable as a weight on my other shares. My average was around 8p in the end but some tranches were in the low 30's (which I also traded).

Your continued disbelief of something that is not that hard to achieve essentially destroys any possible credibility you could potentially have as if you do not believe these figures are actually quite normal, then essentially you are saying you are either invested with a figure that, quite frankly is too low for many to even give you any credibility as a serious investor, or you are simply on the board simply for amusement to try and goad people. Either way, I don't get why you constantly post.

Who do you think though Profit (that could counter the bid)?

Seems low volume today by comparison to previous week, whats the book looking like Profit?

Mattlilly,

Agree very bullish but disagree, this is not a trading punt. They will have had to have done due dilligence and risk assessments on the position(s) and they are certainly not looking for just a 10 or 20 % rise.

Keep hold of your shares guys, not sure who is selling...even trading doesn't make much sense at the moment as the range is quite small and continuining an up trend

Novice, same idea / post at same time... lol

Edging ever nearer to £1bn market cap vs £2.5bn estimate of just Alpala and its reduced (18%) resource estimate at OLD prices.

Also, that short position is still open, I estimate they have lost £4million if they were to close it at todays price.

Regulation of 'put up or shut up' takeover phase means any 'connected party' to Solgold has to report shares / dealings.

Peel Hunt is connected to Jiangxi as an advisor and the other is a broker for Solgold.

They are also Market Makers so buy and sell shares daily to meet demand, hence the buys and sells pretty much matching each day.

This is nothing to do with their advisory role (ie nothing nefarious here) as they are legally obliged to keep a chinese wall between the different parts of the business (Market Maker vs advisory)

IP, yes I would be happy with £1, would be more than enough for me...I want good value but don't think we will get anywhere near the 'unicorn' value of £2.25

Apologies for this, this is essentially a repost of what I put 1st December... might be useful to those that have not seen it.

1. Bankable NAV (Base Case) Feb 2024 PFS uses old metal prices (Gold $1,750/oz, Copper $3.85/lb) AND only values the Phase 1 Mine (18% of resource). £2.5 Billion 85p

2. Updated Bankable NAV based on current metal prices....using Dec 2025 Prices (~$4,250/oz Au, ~$5.20/lb Cu). The massive jump in Gold prices adds Billions . ~£4.5 - £5.0 Billion 150p - 165p. This is what IP was refering to previously,

3. Extended NAV (+Alpala Tail) Adding the remaining 82% of the resource (for those new, this was reduced because it would be very CAPEX heavy so SOlgold reduced the mine size but the metal is still there). Even heavily discounted (due to the fact it won't be mined for 20+ years due tot he sheer scale of it), it has huge value. + £0.8 Billion + 25p to share price

4. Adding TAM "Starter Pit" adds the confirmed 60Mt open pit at Tandayama-America. High grade, near surface, and provides early cash flow to pay back debt faster. + £0.3 Billion + 10p to share price

5. Adding Porvenir The Second Mine: Adds the Cacharposa discovery. Adjusted for 2025 metal prices, the NPV increases significantly from the original PEA estimates. + £0.5 Billion + 15p

6. Regional Exploration Land Bank Premium: Value for the 70+ other concessions (e.g., Helipad, Blanca) and the "strategic premium" a major pays to control the whole district. + £0.3 Billion + 10p

TOTAL STRATEGIC NAV The "All-In" Takeover Value ~£6.5 - £7.0 Billion ~210p - 225p

IP,

220p..interesting.

I've posted before about the theoretical value being around 220p including the TAM resource uplift, including the extra 88% removed from Alpala MRE, increased metal prices and Porvenire.

Are you genuinely expecting that and what scenario do you envision to get to that out of interest?

I would be happy with anything near £1

Would take anything near 80p excluding ExploreCo

Also, I've lost track with all that is going on.

What are we actually expecting (committed from Solgold) by the end of the year. I believe CIPA was expected, but now late? Did Solgold ever commit to an updated estimate to reflect current metal prices or have I imagined that?

Don't know about anyone else but this waiting game of wondering what next is driving me mad.

Anyone got exit prices in mind?

I'm thinking about selling a small set at 40p, then maybe 60p. Leave the rest for 80/90p +

Mathersfingers,

Tend to agree from nothing more than a hunch perspective.... interestingly re-reading that article Barney posted, there is a section in it that pretty much says the Chinese are in it to win it.

"Pattern Examples from Chinese M&A (2020-2025):

Zijin Mining's Kamoa-Kakula Expansion (DRC): Staged acquisition from minority to operational control over 4-year period

China Molybdenum's Tenke Fungurume (DRC): $2.65 billion acquisition demonstrating Chinese willingness to pay premium for quality assets

Lithium Sector Parallels: Multiple Chinese SOE investments in Chilean and Argentine lithium projects following similar minority-to-majority acquisition pathways"

BarneyCool,

Just got a chance to skim read that article, great find

https://discoveryalert.com.au/strategic-mineral-security-copper-acquisition-china-2025/

IMO this is one of the best Solgold specific articles I've seen, period. It is quite obviously shaped by AI (not a bad thing)but refined by the author and adds a lot more objectivity and facts to the article vs some of the other more verbose fluff that gets written without saying much.

Don't get me wrong there are great articles out there like the recent one in the FT but that was not focussed on Solgold.

Solgold really starting to become mainstream news and the more articles like this will (either consciously or sub-consciously) influence opinion and strategies of companies like BHP and potentially even more political parties (e.g. the US and the recent joint collaboration strategy with other countries to secure minerals).

Solgold has floundered for years, but is now the right thing in the right place (emerging mining friendly country) at the right time!

Other II's such as L&G taking an interest as well.... hold on to your shares guys. Not saying it will explode imminently but direction is only up

So that is approx 3m shares L&G have added in the last few days at around 30p... can't be anything but positive as they will obviously be looking to make a significant profit.

Stackhigher,

Curious as to your motives and assumptions with respect to Solgold. Everything you say appears to be sniping at others posters wand beliefs as to what and where this will go. How much are you in for? Did you sell in the initial rise? Were you waiting for the 5p to come? Did you hedge your bets and have some long? What price do you think this will sell for? If there are potentially no other bids do you suggest this will go down significantly?

Personally if the bids don;t materialise in the range we want, I think longer term (3-4 years) we will produce from TAM and have funds for block cave, and be worth significantly more so really don't get your negativity or where you are coming from to be honest

Needalife, it will be in one of the RNS's. From memory an IPA WAS signed, but not the full, final, legally binding version. We are still expecting this.

Fort, agree, same part of me wonders about going it alone and getting 30p per share dividend PER YEAR in many years to come.

Incidentally, touching 31p now.

PBOW,

I'm not hearing / reading that to be honest (that they will build TAM and Alpala at the same time that is). Personally I think TAM has changed things, yes they had a plan to start the Alpala pre-works etc and that will be planned to go ahead as many parts will be shared with TAM but I feel that building TAM and Alpala at the same time will be costly and adds more risk. Likely streaming funds will be diverted to TAM to get it going and only once producing and providing revenue would they focus on Alpala 'the beast'

i.e. I think Solgold management have an embarassment of options but don't expect it to all be consistent with what has been previous published pre-TAM

Certainly seem to be stuck around the 30p mark, wonder if that is a psychological barrier that once broken will hopefully fly again on any of the news we are expecting / hoping for.

So potetnailly over $400Bn worth. Can't see why anyone would want Solgold to be honest, can you ?