Member Info for SharketMare

Chris Robinson, flashing a bit of ankle for the boys. Looking forward to it.

Good spot Kohaku. SOLG cluedo continues apace into 2023.

Anymore tidbits of info from Colonel Mather, dbw?

I can't remember who posted it, but I'm fully on-board with the SR outcome RNS being accompanied with an actual plan, i.e. if the review suggest we sell Cascabel and return to exploration, it'll come with a buyer and a price. There are 4/5 options on the table. Maxit and Citi don't need this long to model and assess them all, do they?

As per Irwin's comments, we're trying to sell it. Our absence from this conference nudges me back towards 'it' being the whole company.

Source BBG?

"The way the markets are right now, wouldn't surprise me if Blackrock need every penny as many funds, hedges and traders feel the pinch on the banking nerves."

What does this actually mean? I've read it a few times and still can't work it out. Blackrock made over $5bn last year. I think they are a far cry away from needing every penny. The ~£10m they've got/have in SOLG is insignificant.

I would be interested to know the rationale behind them unwinding their position here though.

Dbw, it was a fair point to debate prior to recent events as the company attempted to play smoke and mirrors. But after Scott's comments at PDAC and no mention of a DFS, let alone production, it's just misinformation at this point and not helpful for anyone.

It's less the case that it's too difficult for Solgold to construct Alpala, and more the fact that our CEO has said we're not going to be building a mine. It's really not that hard to understand, though might be hard to accept if you've spent the last few years belittling everyone who hasn't shared your view that we'd take the mine into production.

"I suggest you stick with facts"

Oh the irony.

What is obvious DirtyDozen13 is that you have absolutely no idea what you're talking about. Claiming this was an inside job by the BoD, SP Angel, Vox Markets and even posters on this BB. Take the foil hat off buddy and stop making yourself look a fool.

Kevin, I attended a townhall last September. GGP is the biggest holding in my portfolio. There is uncertainty around the future of the company that holds 70% of our flagship asset, and what might happen to both the asset and the mine at which our ore will be processed should NCM be taken over. Like all investors I don't like uncertainty. This is what is stopping me from adding to my holding for the time being. If you want to read this as a subtle negative, that is totally your prerogative. I have full faith in SD to navigate whatever the outcome of the NEM/NCM scenario, but want to better understand what that looks like before committing more funds here. That is a totally reasonable position as far as I'm concerned.

Hi panama, thanks for the summary. I decided not to attend in the end as there wasn't a huge amount of new GGP news worthy of discussing and work is hectic at present. Whilst discussing hypotheticals related to the various NEM/NCM takeover scenarios is interesting and hearing reassurance from Shaun in person would have been welcome, a lot of that is out of ours and his hands, so will just have to wait and see how it all plays out.

I was hoping to add towards the end of this month (bonus payday!) but will take pause to wait and see how the NEM/NCM situation plays out, and better understand what implications that has for GGP, Havieron and Telfer.

Thanks again and glad to hear you all had a good time.

In this instance Blue Orca have got things spectacularly wrong in their analysis. As mentioned on the ALL board I hope ALL take legal action against them where possible as the false information wiped over £100m off the company's valuation. Ridiculous.

From the Reuters article:

"Blue Orca alleged that Atlantic obtained key Ghana mining licenses by making secret payments and promises of payments to the immediate family of a high-level politician in Ghana."

I will be amazed if that sentence is still there in 24h time. No "secret payments" have been made. Blue Orca have got this very wrong from where I'm sitting.

I hope the company takes them to the cleaners if they are confident the allegations are rubbish.

They are short PLL, not ALL.

Mr008, not related to today's drop. In fact the MIIF interest is what the company may well point to in its defense.

Bought a few @ 21.7p. Bottled it a few seconds before at 20.6. Let's hope Blue Orca's research isn't as thorough as they might think!

Smart - that's my thinking too. I think this has been massively overdone and will bounce tomorrow. Toying with the idea of a trade.

RNS I reference in that post is here: https://www.globalminingreview.com/finance-business/04022021/ironridge-resources-completes-acquisition-of-joy-transporters-ltd/

I don't think this is as clear-cut as Blue Orca are making out.

Essentially, ALL (when it was IRR) acquired Joy Transporters, owned by the son of General Mosquito who at the time was in government and had influence over the granting of mining licenses. Joy Transporters owned the prospecting licenses to Cape Coast and Saltpond which are adjacent to Ewoyaa. As part of this deal, which was around £500k cash, they were also granted 2.5% NSR on any of the projects that IRR/ALL went on to develop - though I take this to mean the projects within Saltpond or Cape Coast, rather than where Ewoyaa is situated. This is what Blue Orca are claiming as evidence of corruption, as it essentially would give the son of General Mosquito and the General himself in granting the licenses to mine, as and when the time came, as they would personally benefit (to the tune of approx $40m US).

Where I am confused is whether Ewoyaa is part of this agreement, as if you read the below RNS, Vince clearly states that: ""We are delighted to have completed this significant acquisition, providing IronRidge full ownership of the highly prospective Saltpond license and Cape Coast application in Ghana. This extensive tenure package is adjacent to the company's flagship Ewoyaa Lithium Project". To me this implies that Ewoyaa is separate to the licenses and prospective mining licenses acquired at Saltpond and Cape Coast as part of the acquisition of Joy Transporters, and therefore would not be covered by the 2.5% NSR agreement that is causing the allegations of corruption.

I may be wrong on this point though. Company needs to clarify ASAP.

This is very interesting reading and clearly concerning given the 19% drop in SP at time of writing. Company will be forced to respond to this I imagine so will be interesting what they say.

Agreed! Totally fine if the SR isn't published until mid April or later to give us a chance to stick a few more in an ISA.

Looking forward to the exploration campaign starting again. Future is much brighter here.