Member Info for SharketMare

Quady, what a load of sh*te you saying I've told people this will be sold month after month. There are several posters on here who will back me up in saying I've always maintained there a host of outcomes here. My holding in this share is a fraction of what it used to be because I see it as a punt rather than a solid investment, and that's mainly because my average is far higher than yours, despite me having watching this since it traded between 1p and 4p. There is substantial risk here that people don't like to talk about but very much exists.

You can stop replying to me when I call you out for being an idiot all you want. The posters you missed from the list who you also don't reply to when asked questions you can't answer include two of the best on this board in rcgl2 and Bozi.

Like I said, I wouldn't bother replying to you myself if you weren't such a sanctimonious tw*t.

I used to filter you Q because I was conscious of boring the board going tit for tat with you on a whole host of topics. As we head into the end game here and you reverse ferret on a daily basis, regularly post things that are objectively wrong, and disappear when challenged, I'll continue to call you out. Show some humility and I'll pack it in.

You become more of a clown by the day Quady. If you weren't so condescending to other posters I'd just ignore it, but the way you talk down to people from what is regularly found out to be a position that is factually incorrect means it's worth calling you out each and every time.

We can add the shorting comment below to the list of things you've been wrong about.

Once again Quady Houdini disappears into the ether.

He would have made a cracking minister in Bojo's cabinet. Never admits to being wrong, never apologises, never answers a question with a straight bat and has absolutely no idea what's going on.

Bozi - his last couple of posts had led me to the same conclusion. Subtle trolling at its most blatant.

Quady, it simply isn't. Please stick to the facts. The bullet points that fall under the strategic review can be read in the RNS here. There no mention of hydroelectric bloody power. That comes under the section entitled "Project Advancement and Exploration".

http://ir.q4europe.com/Tools/newsArticleHTML.aspx?solutionID=3676&customerKey=Solgold&storyID=15619576

I would also note the incredibly wooly language used to describe these options. We are "rigorously reviewing all opportunities" and "investigating an expanded list of optimisation opportunities". This could be nothing more than sitting in a room and compiling the list of bullets that sit in the RNS. And most probably is.

Quady, as rcgl2 pointed out yesterday, hydroelectric power (I can't believe how much airtime has been spent discussing this nonsense, it's becoming the new French translation) is NOT part of the strategic review. Read the RNS.

I highly doubt the top brass at JPM actively promote criminality. What is much more likely to be the case is a fiercely competitive corporate culture that leads traders to behave in ways that are illegal, in order to retain their jobs, beat their peers and get paid the biggest bonuses. The (illegal) methods by which they do this will be an open secret, but you can be sure that the guys at the top (who likely engaged in these practices themselves) are not walking around the trading floor telling people to break laws.

Some context - the trader Jerry is referring to worked at JPM from '06 to '09.

This behaviour will continue up until banks are given meaningful penalties for misconduct by their employees, particularly when it becomes apparent (as it is with JPM) that the problem is widespread.

Monte, it'll involve a reference to hydroelectric power and bringing Alpala to production. It won't be long before he's flown out there himself with a pickaxe and a SOLG uniform on, claiming first ore 7 years ahead of schedule and that he was right all along.

Let's hope it's not Christmas pudding, as I can't stand the stuff. Let's also hope it's not Summer pudding, as that's also garbage.. Unfortunately I'm not aware of the existence of a Spring pudding, but ideally that's when I'd like to be indulging in here ;).

Onwards and upwards as the locals say.

red, if bidders wouldn't wait until the merger was complete, why have we bothered doing it at all, and why haven't the bidders bid up until now? The merger is the key here. It makes ownership of Cascabel and therefore a takeover much simpler.

Quady, I don't think Solgold is spending any money whatsoever evaluating the use of hydroelectric power at Alpala. Not a cent.

Agree, brilliant post RK.

1981Investor - the person advising on the strategic review has said it will be "fast and smart". What that means is naturally open to interpretation, but given the pace at which things have moved since our former CEO was ousted, I would be disappointed if we hadn't heard news of some sort of value unlocking event by the end of June next year.

There is also the possibility that things move much quicker. As soon as the merger is complete, Jiangxi might table an offer for the whole business, which would force BHP and/or NCM to respond if they want to own Cascabel.

Finally, the outcome of the strategic review might result in the situation posited by Bozi, in which the regional licenses are spun off from Cascabel into a NewCo, and SOLG retains ownership of Cascabel. At that point, we'd essentially be selling the asset + any value assigned to the equity we've built up under the Solgold name on the ground (not a lot, but important given the country we're operating in). Investors would also be given free shares in NewCo to maintain an interest in the regional plays.

Quady, you are clinging to the hydroelectric power quote for dear life. Given that the company has stated that it is no longer intending to produce an amended PFS or proceed to DFS at Cascabel, what is the output you're expecting to see here?

Your desperation to be right about taking this to production is bordering on the pitiful. You're ignoring the myriad of facts that all point to disposal or sale of the business, and when properly challenged, as Bozi did the other day, you simply disappear into the ether.

I wonder if you'll ever post on here again the day SOLG formally announces that another company will be taking Cascabel to production, whether through the company having been bought out, or the asset spun out and sold.

Dbw - I wasn't aiming that at you. I am aligned with you on what will happen here. I just think the article is poorly written as it's factually incorrect.

This article is absolute trash and Cecilia Jamasmie should be ashamed to put her name to it. How someone who has been a Senior Editor at mining.com for 15+ years can pen this is beyond me.

1) Sacking DC and postponing the studies does absolutely nothing to "simplify the management structure"

"According to sources who asked to remain unnamed, the decision to let CEO Darryl Cuzzubbo go and the delay of both the Cascabel definitive feasibility study and the Porvenir preliminary economic assessment, had the goal of making the company more appealing to bidders by simplifying the management structure."

2) The Osisko royalty deal had absolutely no impact on the % of equity owned by BHP and NCM

"BHP and Newcrest, already SolGold’s largest shareholders, recently saw their stakes in the company diluted to about 13.5% each after the miner inked a funding deal with Osisko Gold Royalties"

I know our "street fighter" BoD and advisors have been running a fairly aggressive PR campaign but I hope they have nothing to do with this cr*p. SOLG's financial PR team should be getting in touch and asking the author to rewrite. Dire.

What a ridiculous comment. Not all cobalt (which is what I imagine you're referring to) is sourced via child mining, and it's possible to both be a smart phone user and speak out against appalling child mining practices.

As for Goolang's comments suggesting ALL might use child labour to mine Ewoyaa - I would advise them to tread extremely carefully as comments such as those - even on a BB like this - are potentially libelous given how unfounded they are. Shameful post.

Orthern - sounds like a case of Monday blues for you! The market was always going to use this as an opportunity to knock us back a few pegs to the placing price. I imagine there's some lingering uncertainty over how the AGM is going to play out. And there have been some big money trades going through of late which might indicate key players jockeying for position.

It'll be interesting to see whether traders start taking positions pre-AGM.

I can't say I'm too fussed about Maxit taking a few more. As Orthern points out, we can all buy at that price or thereabouts in the open market should we so wish. For me it's a bit of a quid pro quo at this point. There are a group of investors who have wrestled control of SOLG who are going to take the fight to BHP and NCM on behalf of the little guys. If they are successful, we'll all get a handsome payday, and I won't resent them from profiting from that too.