Member Info for SharketMare

How do you think they were brought on as investors you plum. Of course they've been speaking to each other.

Morning pinot, I have him at 11.30 ET on Friday rather than tomorrow.

A fair few not happy with Amanda being awarded options. 20% of votes cast against.

KAV will remain on my watchlist and out of my portfolio for as long as BT is in charge. A few people on here (Bozi being the main one) alerted me to him potentially being bad news when he was appointed back when I was invested. I would much rather see a geologist in charge of the company until we have a good story to tell, at which point someone whose communication skills are a strong point will be better placed to take the reins. Until then let the people who actually know what they are doing, and who ideally have some serious skin in the game make the big decisions.

Has Bob just hit a home run?

Well done Ray, good trade, credit where it is due. You selling for your 10-20% or holding on?

Might be closer than you think mick! SP is motoring now. Be nice if they announced something before the presentation on Friday, wouldn't it?

Orthern, I've got an eye on this page to see whether SOLG updates its presentation before their speaking slot. 11.30am ET / 16.30pm UK time. A handful of the other companies presenting have, but majority haven't.

https://redcloudfs.com/prepdac2023/

Fort, naturally I hope you're right. Competitive tension might lead to a mega pay day here.

Just quickly on your response to me last night - I make a 300% rise from 15p to be 60p, not 45p as you stated. And I see that as the top end for a takeover of the whole business, not just Cascabel.

DM, that is certainly putting a positive spin on the situation with regard to Cascabel. We currently have no full time CEO, no CFO, and have probably canned our head of IR. Earlier this year we lost Ingo and the person who was responsible for the metallurgy work as Cascabel, Lisa Parks. We've stated that Cascabel has been 'adequately studied'. Sangha, who holds 5% of the company, has said that building a block cave mine isn't going to happen.

This leaves very few options on the table - a sale, or at a stretch a JV where SOLG retains a minority stake - unless the company does a 180.

All this within the context of the Ecuadorian gov't making outlandish statements about construction kicking off in 2024.

FWIW, I am confident that we dispose of the asset either via a takeover or other means. And I agree that the company is in a stronger position that it has been for some time. But I think it's clear to everyone that we are not a company able to take this project any further, hence our position at the negotiation table isn't as strong as it might have been.

300% is at the very top end BTW. I'd be pretty chuffed, given all that has gone on over the last few years.

QP, I don't disagree with any of that, but you have to remember WI's comments a few weeks ago when he claimed (when the SP was 16p) that the numbers in Darryl's presentation were worthless and that the idea of a 600% return from 16p was for the birds. I will be happy if we achieve 300% from here. Unpopular but realistic in my view.

Reading between the lines, it appears we have one interested party, who know full well we want to sell and are up the proverbial creek sans paddle if we don't. In absence of a competitive process us getting top dollar for Cascabel just isn't going to happen.

Not aimed at you QuadPiece.

It takes a special kind of idiot to rock up to a BB and try and lecture someone who has been invested for the best part of 10 years based upon outdated, uncredited analyst price targets.

as we now own*

A sale is closer than it ever has been it now owns 100% of Cascabel, one of the only Tier 1 discoveries not in the hands of a major miner. Our share price is relatively low, and the people running the show have stated that they are looking to monetize Cascabel. Both of these things make a sale more likely.

We are clearly in discussions with an interested party as per Irwin's comments at the copper forum. It's now a case of finding a price that the buyer (probably Jiangxi) is willing to pay, and that our major shareholders are willing to accept.

Really not something to be concerned about. It's priority #4 on the next steps list and by no means guaranteed. First and foremost these guys are taking Ewoyaa into production and generating huge free cash flow. The share price will be multiples of what it is today once that has happened.

Quady, I wouldn't miss this for the world.

And so stage 1 of the reverse ferret begins.

Wonder whether the 'it' refers to the discovery (Cascabel) or the company. Either way, we are hopefully very close to news that will transform the share price. Less miffed at my top up at 13.9p on Friday now.