Member Info for SharketMare

Monochrome, the money I have invested here now I'm fine with losing. It wouldn't be ideal but I'm not going to lose any sleep over it. It's a punt, not an investment for me.

The company has been discreetly signposting the fact that the outstanding exploration spend at Cascabel is what is holding the new IPA up. If BHP want this asset, they will be using the fact that we owe the Ecuadorian government c.$170m (with less than 10% of that in the bank) to convince Nabao we are not the team he wants building a flagship mine.

We are in a serious pickle IMO.

Wow. Have just waded through the first few pages of the MD&A. We are now having to apply for a new IPA and "amend the investment schedule" for Cascabel exploration. No timeframe given for completion. Reading through the lines here, I am increasingly worried we have a huge debt without means to pay it.

They should get someone to redo the website. Again.

Rashpurchase, ortherncopper is one of the most bearish and negative (though arguably realistic given the state of affairs there) on the SOLG board. You're talking rubbish.

Morning Bozi, agree with all that. I do think they will eke things out as long as possible though before trying to go it alone or JV the asset. We could be here well into Q3/Q4.

Bozi, the only acceptable deal for Mather & co is a sale of Cascabel (or the whole company) that provides them with a return. In my mind, this is not a proper strategic review as they have already decided the outcome they want. They will buy as much time as they can until this materialises, and keep cash in the bank via a sale of the Subsidiary Shares for as long as possible. I agree that a sale takes time and that pride will ultimately have to be swallowed.

Fort - there is nothing stopping the company placing the shares to Jiangxi at a premium if the appetite is there. This makes much more sense for all involved than another royalty deal.

We have known for some time now that SOLG wants to sell Cascabel. Cuzzubbo has literally claimed this in COURT DOCUMENTS. The man has no reason to lie as doing so would have his claim for unfair dismissal chucked out of court and ruin any chance of winning the $2.3m + options he is seeking. There are now a host of SOLG ex employees who - depending on their feelings towards Mather, current management and the future of SOLG, could quite easily corroborate his claims.

Incidentally, I think our chances of receiving further funding from Franco Nevada went down the drain at a similar time to his dismissal, given that we opted to go with Osisko instead, and Sangha allegedly went berserk at DC when he informed them before the Osisko deal had been made public.

We seem to have forgotten that we have a reputation in the mining world for awful corporate governance, which further reinforces my belief that we have absolutely no hope in hell of being able to raise finance to develop Cascabel on our own. And given that every man and his dog knows we want to flog our main asset, what serious, institutional investor would bet - and it is a bet - that SOLG's current management team is the right one to build a block cave mine in Ecuador?! The prospectus would be passed around the office like a bad joke at this stage.

It's a case of keeping the lights on with the Cornerstone shares if required until someone either buys us out entirely or takes Cascabel.

There isn't one because it simply doesn't take 12 months to evaluate the best way forward with Cascabel. The fact that it is 1) indefinite 2) we haven't heard anything at all in terms of progress either implies that there are no good options, or that the SR is a tactic to buy time while management pursues a sale at all costs. To me that explains then persistent downward pressure on the share price, and leaves us vulnerable and praying for a sale. PFS3 might be our way out of the pickle, if we are able to demonstrate a phased approach that we could feasibly fund ourselves.

Remember, PFS3 is a separate workstream to the SR, and only came about when "fast and smart" died a (quick) death and Caldwell pivoted from "Cascabel has been adequately studied" to "we are producing another study".

The MD&A should be quite something in absence of any news beforehand.

Not great news RE rate cuts today following US inflation figures. Rate cut probability cut from 50% to 30% for May. Conversely, I read that in the UK the BoE expects inflation to return to the 2% by April.

am i the only one wondering why two keyboard warriors who both claim they don't need anymore money are spending their time arguing about climate change, almost on a daily basis, on a lse investment board?

it is so beyond tedious. we are at a critical stage of solg's development and today's bizarre trading *might* imply something is afoot. please just swap emails and **** each other off elsewhere if you genuinely have nothing better to do.

Turnaround? We are sub 8p still.

1984, who has informed you that the PFS will be "game changing"?

"Revised PFS will force hands to move therefore perhaps more is afoot"

This is just total nonsense. Do you even believe it yourself, BBG?

Add, I have long thought they are remarkably similar. Peas of the same pod.

I agree Bozi that's not happening in a month of Sundays. All I'm hoping for is the PFS to be delivered on time and to be updated by the company on the IPA negotiations.

I agree with Fort here. The SP is symptomatic of the junior mining sector being out of favour, UK equities languishing, and SOLG being effectively mothballed. There could be news of an agreed takeover at 25p next week for all we know.

"We now get posters who crave the limelight posting utter sh*te just to stay looking important."

141 posts in the last 30 days from this halfwit.

A genuine question, but does the Lassonde curve account for the new shares in issue (of which there are many since the 39p days) or it is supposed to be reflective of the value (i.e. MCAP) of the business? I don't see GGP heading back to 39p without another major discovery.

There are some valid concerns over the lack of infrastructure and health of the ageing UK grid slowing down the transition to EVs, but the long term trend is not going anywhere. When the rest of the market catch up with Tesla and more of the 'original' EVs enter the second hand market, they will be cheaper and more accessible. This, combined with the fact that younger people are less likely to be climate change deniers like 1984, will see EVs gradually take over.

Darren is a nice bloke. He's annoyed at the lack of progress and this p*ss poor attempt at corporate comms. Judging by the time he posted those replies on Twitter last night he might have had a beer or two! He works in the city from memory.