Member Info for SharketMare

How much you down on paper Ray? Thank you for your continued support of the company.

mog, good spot. Why do you believe this might mean a mid-March timeline for completion?

A stream of assays would be a welcome change.

It'll certainly be a tough gig for whoever is on stage representing us if we don't publish any news before then!

Your definition of unnecessary is defined by the outcome you as an individual wish to see here - a takeover - rather than what the board decide as the best way forward in the interests of all shareholders, which may well include retaining the portfolio ex-Cascabel.

"I sense there's one or two 'bad actors' loitering on this board"

Really Bozi? Not wishing a start a witch hunt, but please identify those you believe to be witches! ;)

Orthern, agree with all of that. To see a truly decent return here we need multiple interested parties and a bidding war. I think it's much more likely we sell Cascabel to Jiangxi.

Morning addicknt, you're right RE Mather - my comment last night was flippant and a poor attempt at word play after too much red wine. Also agree that there is now a clear direction of travel, but mildly frustrated by (yet another) missed deadline and subsequent knock on effect on the share price. I remain hopeful of a positive outcome.

Enjoy the weekend.
SM

The rudder fell off when Nick left. The boat started filling with water when Darryl took charge. Now a gang of pirates are attempting to sell it for scrap before it sinks.

Yes, I'm sure several large financial institutions are currently hashing out the finer details of a finance package that will allow us to bring Cascabel to production with our interim CEO and interim CFO.

Did you see any pigs flying at your star party per chance Quady?

Slug - no one expects you to "conform to wokery" whatever that sh*te means. Just stop being such a pr*ck and venting about the climate / the vaccine. Try and care less and enjoy life.

Thanks for the reply seriouslyskint. I find it hard to get my head around the idea of Newmont buying Newcrest and not owning the 70% JV.

Just to confirm - should Newmont acquire Newcrest and then decide to sell its 70% JV stake, GGP has first right of refusal? At which point you would imagine that they, in collaboration with Wyloo, would attempt to purchase the lot and?

I'm sure I wasn't the only one dreading a Friday rns, so there's that at least

Talatum, how does your friend square his/her predicted outcome with Sangha (a key player in the SR) looking to screw the big players out of Cascabel ownership altogether?

I still think there is no way in hell he does that interview in the AFR without being supremely confident of being able to monetise Cascabel. As another investor quipped to me the other day, I just hope the number starts with a 3.

The words of HH on Twitter RE the merger completion delay have alleviated some of my concern here. The market clearly not impressed though.

Add - of course they will be looking for the highest possible price. But given Warren Irwin's comments on Twitter that 600% from here is for the birds I find it very hard to see this going for more than 40-45p, which we all would have laughed at a couple of years ago. I'd love to be proven wrong.

Fort - I guess we just see it differently.

Fort, nothing represents getting squeezed out of things more than being taken over by a major for relative peanuts, which is what will happen here if CGP have their way. GGP will retain 30% of what will eventually be a Tier 1 goldmine in WA, and are already well on the path to becoming a producer. Look at the quality of the BoD and appointments made earlier this week. Solg own 100% of an asset no one in the world thinks they have the ability to develop. That's partly why the share price is where it is today.

Solgold likely (and hopefully) won't exist by the time GGP is generating cash from Hav, and if it does it will likely be only as a junior explorer attempting to rinse and repeat the Cascabel story (albeit learning the lessons from this time around, one would hope). Mather overplayed his hand here with ambitions of building a block cave mine in Ecuador alone, and due to the make up of the register and various other missteps, has in all likelihood killed his (alleged) dream of following in the footsteps of Fortescue and Twiggy.

Shaun Day and GGP on the other hand, I reckon they will give it a good shot and have an excellent platform from which to do it.

Ultimately they are two very different companies and very different plays investment wise. I'm invested here because I think there will be a takeover or asset sale in the short term; I'm invested in GGP because I think it has a clear path to becoming a gold producer.

Fort, either you don't understand the GGP story or you are being willfully ignorant. Every man and his dog (including you I recall) knew that GGP at anything above 20p was ludicrous based upon 30% ownership of Havieron. It was a hyped up retail stock during the pandemic when everyone was pumping the income their wives hadn't spend on Made.com into the stock market.

The recent equity/debt package kept that company alive and stopped it from being swallowed up by Biswas for a pittance. The valuation is now more realistic and will boom as the business moves from the Orphan phase to production, with an updated MRE and FS due to be published this year.

Solg has canned any future value enhancing studies - or delayed them - and canned all the people responsible for securing financing to bring its asset to production. We're banking on a quick fire sale and have no plan B. Comparisons between the management of the two assets are risible.

Add, your final sentence is something I've pondered too recently. It would mark a serious step change in the way this company operates were it to deliver news of the merger completing alongside an agreed deal for Cascabel or the whole lot.

The optimist in me thinks this is what is happening. The pessimist in me reminds me this is Solgold we're talking about...

Thanks Jerry, was keen to hear your take on this topic having seen your posts alluding to the WA rumours on the SOLG board. I am also a fan of the plan you layout, providing the funding level doesn’t slip below the 10p mark, or too far below it. If we do in fact go down that route I don’t think I’d be selling a single share as the dividends could potentially be spectacular.

I have to say I don’t see much of a positive in the Newcrest/Newmont situation for SOLG shareholders. If anything I think it has the potential to delay any corporate action here, as any potential acquirer might want to wait and see what, if anything Newcrest does with its stake.

Given the boardroom troubles over the last few years, squabbling over funding, and lack of alignment with Newmont’s strategy (assuming they are successful in their bid), it wouldn’t surprise me to see the stake Newcrest own here sold off. That might be positive for us as it helps to put a new or more honest valuation on Cascabel, and would flush out anyone other than BHP and Jiangxi who are ultimately interested in owning and developing Cascabel.

If I were Jiangxi and thought I’d have a chance at picking up Newcrest’s shares on the cheap, I wouldn’t be in a rush to make a bid for ownership of Cascabel or SOLG as a whole. That said, through waiting you run the risk of someone else (Gina R or whoever) owning a slice.

I do hope as Fort notes that this acts as the starting klaxon for more dealmaking across the sector though.

A week late and counting SOLG. Anything beyond end of this week will look shoddy (again).