Member Info for SharketMare

Pros and cons. The death of the apostrophe continues apace in 2022.

Monte, I'm going to take a speculative punt and say we will close at 48p at close of play next Wednesday.

Ella: "My predictions are based on my knowledge of the company"
Also Ella: "This will be 1.6p by Valentine's Day"
Share price on Valentine's Day: 3.2p

Draw your own conclusions, folks. And enjoy the long weekend!

Colonel, I'm still not convinced of the link between Boliden and Norges. The LinkedIn post clearly states Swedish and Finish governments - no mention of Norway.

To your other points - if we have some sort of conditional finance package agreed and released alongside the PFS, the market reaction will be much, much more positive IMO as I think you're right - the PFS can be all well and good but there will still be the question in some investors' minds as to whether SOLG alone can raise the funds to actually build the thing.

The LinkedIn post is very intriguing... You get the impression that the company is brimming with confidence at the moment and might yet have an ace or two up its sleeve.

Link to original post here: https://www.linkedin.com/posts/solgold-plc_boliden-activity-6919408009475452928-5Mmh?utm_source=linkedin_share&utm_medium=member_desktop_web

Morning all, some more good news today, roll on Wednesday.

I know yesterday we discussed the SOLG/Boliden tweet, but don't recall seeing the LinkedIn mention posted here. The post on LinkedIn goes into a little more detail:

"Delighted to host #Boliden for an ESG evaluation at Cascabel last week. Thrilled to learn that @patrickammerlaan @andersforgen @henrikhallgren found our environmental and social initiatives “inspirational”. Boliden is an industry leader in extracting base and precious metals in Scandinavia and supporting SolGold in making Cascabel bankable via proven off-take funding supported by the Finish and Swedish governments. Still some way to go, but the visit by was an important step."

"via proven off-take funding supported by the Finish and Swedish governments" - does this mean what I think it does? That Boliden has formed an agreement with SOLG for some of the outputs from Cascabel with funding provided by the governments of Finland and Sweden? This feels like the type of thing that ought to be in an RNS if so!

Comments/explanations much appreciated!

LM, there isn't a connection as far as I can tell. I can find that Norges Bank voted in favour of the Boliden board back in 2018, but beyond that I'm struggling to find anything of note.

"If mines were animals. Solg would be a tortoise and GGP, a Hare."

Remind me who wins that race in the end, zoros?

:)

addicknt, I have him filtered as there is no point conversing with someone who would argue the toss over the sun rising tomorrow, but you are entirely right in stating that Quady has, for some time, maintained that no one will bid for SOLG because of the so-called 'diverse book'.

Sparks fly? I imagine a JV of that nature would see the swift departure of our two majors on the shareholder register. I think SOLG was provocative with that tweet, perhaps firing a shot across the boughs of BHP to say - look, we are courting another smelter who might be interested in financing this project that we all know you want as your own, profits and all.

I think that for all the talk of Plan A and Plan B, SOLG wants to be taken out. It knows that building a mine at Alpala is just not something it has the capability of doing. Its BoD are also acutely aware that it won't survive another AGM with its current make up in tact.

Chicken and egg at the moment. If we don't see a bid before the end of Q2 it'll be squeaky bum time.

I've steered well clear of all that Novice, just intrigued to know why zoros has 180'd on his word to sell up when this hit 40p once more. Tired of him f*ggoting around on this BB like some digital vigilante, was looking forward to seeing the back of him.

zoros, I thought you were selling up at 40p. Why are you still here?

Big sell at the end there though Bubble.. 379k shares

Very cryptic RK. In the race for what? When were we out the race and why?

Morning addicknt, I agree, this to me seems the most likely outcome at the moment. On the topic of risk, I know that Warren Irwin is of the opinion that a major like BHP won't need to wait for the PFS before making a move - and they have had a team privy to the results and process I believe - but given the size of Alpala and the complexities associated with block cave mining, I've always thought that this major de-risking event might be the final milestone BHP need before showing their cards.

Hopefully not long to go now.

Morning redknight, whilst I agree with you that a full takeover is preferable, Daryl's 'next cab off the rank' language (in ref to Porvenir) has stuck with me, and is leading me to believe that we are heading towards either a JV on or total sale of just Alpala. A JV can probably be ruled out, as addicknt rightly points out - why would they settle for anything but the lot?

In terms of how the market then values SOLG - well the cash proceeds from the sale will obviously play a big part, and then yes investors will have to have a real think about what Porvenir is worth, and whether or not SOLG have an ace up their sleeve at Rio. Whilst it would be illegal for them to hold back assay results they knew to be material, would it not be possible for them to have drilled the cores - chocked full of visible copper and gold - and have not sent them to the lab? Something isn't quite adding up to me here given the excitement from the business of a few months ago...

I would not be averse to Alpala being bought out, cash returned to shareholders and a lump left in the bank for proving up the rest of the folio... Then Porvenir does come the 'next cab off the rank' once we've drilled more of it and someone (Valuestone?) comes in to take it off our hands. On to Rio etc.

Even by our own, extremely low standards, this place has been a proper nuthouse over the last few days.

I'm sure I'm not the only one looking forward to the PFS, so we can actually have some proper news to discuss and analyse.

In the meantime, the share price is up around 33% since the turn of the year, and despite daily mid morning shenanigans, looks to be creeping slowly back to 40p.

Wouldn't it be great if alongside working on the PFS Daryl is hammering out a deal with BHP/NCM for Alpala? Or even better, for the whole lot? Not long to go before we see some long overdue fireworks I think.

All best
SM

Yes, if the PFS is underwhelming the SP will fall. Listening to what our new CEO has had to say on the matter, I don't think it will be. Do you have any more silly questions?

Yes, the board has previously overpromised and underdelivered. It's been frustrating. Holders and recent buyers - including Norges Bank, the world's largest sovereign wealth fund - clearly expect our new CEO to deliver the PFS on time. The company has been focused solely on delivering this in 2022 and, putting my money where my mouth it, I fully believe we will deliver a barnstorming PFS that will re-rate this share.

By all means, if you don't buy in to the above, wait until after the PFS has landed and buy in at a much higher price.

CD, appreciate your example. Have done a little further reading here for those interested:
https://www.bbc.co.uk/news/uk-scotland-scotland-business-46807003