Member Info for SharketMare

red, with all due respect old boy I'm sure your 100k share sale hasn't worried any serious holders on here. FWIW I appreciate your transparency and nice to see you not posting about a sale after a spike and subsequent retrace...

Separately, I had a good old stare at my tea leaves this morning and fairly sure I could make out Nick Mather's smiling face.. probably about as reliable as that contact of yours ;)

Atb
SM

Good point dbw, notable by its omission. Now is the time to accumulate these shares if you have the funds, by the end of Q2 25p will be a distant memory. Excited about SOLG again.

Dbw, thank you for sharing this refreshing and encouraging piece of comms. For me, this explains the radio silence from the company and Darryl since he took over, as this is a comprehensive, well thought out, and clearly articulated update on SOLG, its priorities for 2022 and its strategic direction. Finally, we have someone at the helm who is confident enough to soften the tone and make it clear that we are very much open to being acquired by a major miner.

There is a very clear roadmap for what we can expect over the course of this year. It's not overly ambitious: 1) produce the PFS, move to FS and look at funding for Cascabel and 2) Drill more of Porvenir and produce a PEA. I like this. It sets us up for under-promising and over-delivering. Note no mention of the other tenements that have been drilled or will be drilled this year - these will be added bonuses along the way should they yield positive results.

It remains to be seen whether BHP decides to move for SOLG over the course of the next 10 months, or has a final attempt at destabilising the company and its BoD at the AGM next December. NCM has been very quiet for some time now too, we don't know what its plans are, and it could well prove to be more interested in some or all of SOLG than perhaps thought.

I feel confident once more in the investment case here and look forward to topping up when the opportunity presents itself.

Good luck all LTHs, this year will be transformative however it pans out.
SM

Novice, you've changed - what happened to 55p by Friday!

Alfreddie, Ricca is currently unlisted and does not have a ticker as far as I'm aware.

"I am of the opinion that BHP will be delighted if we go back to Franco."

Balderdash. If BHP ultimately want to control, build and mine Alpala why on earth would they be happy with us giving away even more royalties to Franco?

Dbw, is that really the case though? SOLG has tweeted 3 times this month and shared 3 posts in LinkedIn. In December it tweeted twice. In November 4 times. To me it seems like January has been business as usual.

I may be misunderstanding what you mean by PR department so apologies if that is the case. I also agree that it would be nice to have been given some update/steer from the new CEO about the year ahead.

Some good discussion last night and this morning.

Bozi, I agree with much of what you have to say on SOLG. I've wondered whether it might be the case that BHP has been waiting for the revised PFS to be published before making its move. 18 months or so ago, many (including myself) speculated that given the complex nature of the project, and the not-unsubstantial political risk associated with Ecuador, that BHP's risk committee may have insisted that this milestone was achieved before a making an offer of $2-4bn as you suggest. This view isn't shared by people like Irwin, who claim that if BHP want the asset they'll buy it - whether the PFS has been delivered or not.

Then there is also the argument that SOLG has used the delaying of the PFS as a tactic to buy more time and drill its other tenements, in the hope of finding another Tier 1 asset and therefore substantially increasing the starting price of any takeover bid.

Like you, I'm increasingly concerned about how this might play out over the course of this year. We seem to be pinned down to trading between 24-27p and the company hasn't given us anything in the first month of this year (after yet another AGM where the old guard took a bit of a kicking).

Looks like the weekend's come early!

Give it a f*cking rest all three of you.

Thanks for both of these posts, always good to read about some of the wider context. porvenireal, whilst I agree with your views on ALL and its potential, I would also note that DGR did sell a few % of its holding recently.

Strawmen being thrown about left right and centre. None of you seem able to read. I will leave you to it.

Hi Trippytaka, do you understand how brokers and price targets work? There are very few stocks currently trading at the average of the price targets set by the brokers that cover them. I also never said I agreed with zoros and his valuation of GGP - I simply said it was sensible and well argued.

This board is absolutely hilarious to stop in and read from time to time. zoros posts something eminently sensible and well argued that goes against the rampish, delirious nonsense that is the norm on here and people question his intentions and threaten to filter him.

People need to realise that this share was massively overvalued for a time, driven by rampant speculation by retail investors during the pandemic and gold performing strongly.

The potential here is obvious for all and I plan to take a position over the next month or two. Those who are underwater (and judging by the desperation in the posts many here are) or hoping to get rich quick need to learn that investing in mining explorers is a slow and highly volatile game. Take off the tin foil hats and log off for a bit.

You can spot two-bob traders like the poster below from a mile off. What happened to EV is the future? Takeover imminent etc.

Would any of you care to elaborate further on the content of this email? Which questions were posed and what were the responses?

SM

it's now*

Yes I am sure as it's happened several times this year (across many stocks) and it's not reverted back to normal.

If 15,000 ALL shares were worth £505k I would be well on my way to Bentley's to drink champagne and eat oysters all day :)

Look at the numbers of shares... there is a glitch on LSE. Divide the £ numbers by 100.

ToS - that is my plan too. I reduced my holding here by around 25% to purchase a few more ALL (then IRR) in November, thinking that we're unlikely to see any meaningful price action here until the PFS is delivered in Q2. The market is shrugging its shoulders at our drill results (though I can see how exceptional results at Rio might change that) and we're going to have to raise funds again early in Q2. If a bid doesn't come before the fundraise (and I betting that it won't), that's the time to max out your position if you truly believe (and I do) that SOLG will be sold before the next AGM.

swest - I wouldn't be surprised if PLL and ALL have an agreement whereby PLL allow ALL some time over the course of this year to drill and prove up some of the most promising targets in our license area before taking the lot. Once we've understood more about Ewoyaa Sil, Kaampakrom West and the yet to be named untested target area (figure 4 in the latest RNS), I can see PLL and Vince coming to an agreement that ensures a healthy payday for Vince, Len and their families and allows them to move on to managing Ricca Resources full time.

Going to put my neck out and say that this will be sold before H2 this year.