Member Info for SharketMare

Was surprised to hear him say he's had "limited contact" with Jiangxi since they came on board as investors. Pours water on my hopes that they were going to be taking Cascabel off our hands.

Agree with Orthern that he was a bit fluffy around exploration - that slide with the 5 priority targets had clearly been knocked up pretty quickly (as had the Corporate Update slide at the start) and he said they might change over time.

On the whole though he seems like he means business. It feels like the 70-80 tenements we hold are too many for us to explore/manage by ourselves. With the mining cadastre closed off, it shouldn't be too hard for us to find partners to start exploring some of them alongside us.

"be careful not to be out when this sells" is straight out of the stock ramping playbook. Amusing you didn't clock that when writing, and apparently still don't quite get it.

"Stick it in a drawer, wait a year or so, enjoy a TO then. Trade if you must, but be careful not to be out when this sells. Don't fall for the rampers pretending it'll be this week, month or year. They've said the same for years."

Surely I'm not the only one who sees the irony and stupidity of the above? I'll paraphrase:

"Don't listen to the rampers who say this will be taken over this year, listen to my just-as-rampy statement that it will be taken over next year"

Not the sharpest tool in the box, but a tool all the same.

Fort, as a GGP investor that scenario is one I'd be very happy to see play out. I reckon Wyloo would snap up the 70% of Hav in a heartbeat and be a much friendlier JV partner given their existing stake in GGP.

Apologies for off topic.

BnC, what exactly has been stolen, from whom and by whom? The company you invested in now owns 100% of a Tier 1 asset and is in a much stronger position financially. The CEO has put his hand in his pocket and is a decent sized shareholder, focused on delivering a return for all of us.

The people running the show previously were paying themselves exorbitant salaries, making no meaningful progress and certainly not generating value for shareholders.

I don't understand why you're so annoyed.

@speedy 17.01 - on that we can agree!

Thanks both, I thought it was around a billion. ~33p in today's money then? Somewhat sobering.

redknight, do you happen to know the highest valuation this company has ever achieved?

Speedy, you goldies crack me up. If we end up in a scenario where how much physical gold you hold determines your wealth, society would be well and truly f*cked.

add, I was out with a few brokers from Braemar... Honestly the stories they tell of "work" and client lunches/dinners are priceless, one of the last few industries where it still really is like the wild west. I have toyed with the idea of getting in to it myself but would have to take a substantial paycut whilst I learnt the trade and can't bring myself to take that plunge!

ToS, thank you, and my apologies for calling you a tart. I was a bit put out as I think your posts on here are generally on money. I am nursing a very sore head this morning after a long lunch with some friends who work in the shipbroking industry. Those guys are essentially professional drinkers as far as I can tell.

ToS. I have never once posted about resistance levels because it's not something I fully understand. I challenge you to look through my posting history and find a single post where I have done to. I don't always agree with red on everything but think the abuse he gets on here is disproportionate to the things he posts. Over the last few weeks I've actually called him out for coming across as desperate and in too deep here. And I rarely use the recommend function on this website.

If you're going to personally go after a poster on this BB at least get your facts right, you silly tart.

Quady, it must really grate on you that despite what you post below, redknight has still had a better read on how the SOLG story will play out.

What do you mean it's utter rubbish? The tone is totally neutral and qualified with "I imagine". Unlike you I don't feel the need to ramp the hell out of this share every other post. You taking issue with that post shows nothing but your insecurity.

Get a grip.

The bit that is bugging me at the moment is lack of timelines. Perhaps that H1 nugget RE financing is what we have to work, i.e. the company are going to try and shift Cascabel or be taken out over the next 4 months (March-June inclusive) and if they don't, they'll then announce the outcome of the strategic review, which IMO in absence of sale/takeover will be a spin out of the regionals (as per bullet #2 of the strategic review outcomes).

In the meantime, we need some meat on the bones around the regional drilling programme, unless they are being prudent to the point of not spending any cash on those until they start to feel that they won't be successful in the sale/takeover (plan A) scenario.

I did note in the presentation that it looks like we're trying to flash a bit of ankle for the other tenements in Cascabel (Tandy, Moran etc.). I imagine Bob is spending his time at the moment pitching the asset to anyone who is willing to give him a meeting. It's a question of who, if anyone, is going to stick their neck out and make an offer for it.

addicknt, I must have missed that, thanks. I know DinnerMoney and others were discussing them (the 157.1m) last night.

Mystery of the 157m shares solved..

"US$77m cash as at 31 December 2022 plus the market value of 157.1 million shares held by SolGold’s wholly-owned subsidiary Cornerstone Capital Resources Inc. (“Cornerstone Block”)".

"The direct or indirect acquisition of an interest in ENSA and/or the Cascabel Project howsoever effected"

Note that ENSA has been added to the above bullet point. First time I think I've seen that.

Info on priority regionals:

"Focus on prudently advancing five top ranked priority targets, including targets from Cornerstone:
– Porvenir
– Chical
– Rio Amarillo
– Caña Brava
– Cisne Loja"

Not much else of note in there, though it's been a long old day and my eyes are tired.

https://redcloudks.sharepoint.com/Shared%20Documents/Forms/AllItems.aspx?id=%2FShared%20Documents%2FMarketing%20%26%20Events%2FConferences%20%26%20Events%2F%7EPre%2DPDAC%20Mining%20Showcase%2F%7E%7E2023%20Pre%2DPDAC%20Conference%2FPresentations%2FSolGold%20Plc%20%2D%20Corporate%20Presentation%20%2D%20X%2Epdf&parent=%2FShared%20Documents%2FMarketing%20%26%20Events%2FConferences%20%26%20Events%2F%7EPre%2DPDAC%20Mining%20Showcase%2F%7E%7E2023%20Pre%2DPDAC%20Conference%2FPresentations&p=true&ga=1

I think they are much more likely to look at what happened with ExplorCobres/CRCC-Tonguan at the San Carlos Panantza project, given that, you know, it is actually in Ecuador. Thankfully there is far less indigenous pushback at Cascabel due to where it's located and the brilliant work SOLG have done on working with local communities.

Nice try though.