Member Info for SharketMare

Monte - they may well be waiting for the publication of the PFS which will hopefully deliver better mine economics. We have also been drilling Tandy extensively. This (I think) will also be factored into the PFS and again, has implications for Alpala.

As RK noted earlier - BHP are cash rich, and as was discussed extensively around this time last year , FTSE100 companies do not take on unnecessary risk. It makes a tonne of sense to let SOLG do the legwork and then make their move once they have a better indication of what they are buying.

Alternatively, they might have no interest whatsoever in buying us out / Cascabel. I find that difficult to believe.

As a general rule in life, those who ruin films or TV series for other people tend to be massive******. Sad little man.

Quady - setting aside the strange diatribe against redknight in response to my post - the point is you are selective about the 'evidence' you discuss to back up your own point of view. As is every other poster on here. You then pertain to claim some sort of moral high ground which is primarily rooted in believing what the company tells you verbatim. I am picking you up on this today because the company - in its annual report no less - has stated that production is 2026 and that goes against what you have stated all year which is 2025 (and is what Lasso claimed recently).

There is no difference between the above (listening to Lasso's view point which is contrary to the company line) and the people on here who highlight Warren Irwin's tweets about the company being sold / not going to production. Which you disregard as 'evidence'.

This is the inconsistency in your reasoning that irks me and others on here.

"SharketMare that's not true, it's how some on here try to give me a label.
I form my opinions on what the company says and the accompanying evidence."

Morning Quady, I'm sorry but I have read enough posts on here from you claiming that the company line is gospel to know that the above is nonsense. You regularly choose to ignore or disregard accompanying evidence that does not fit your narrative about SOLG taking Alpala to production, e.g. Warren Irwin's opinions expressed on Twitter.

Who do you believe knows more about when Cascabel is first going to be a copper/gold producing mine, SOLG's interim CEO or Ecuador's president? Even 2026 is optimistic IMO given SOLG's inability to stick to a self-set deadline.

Finally, I would ask you to consider this thought experiment. You are a CEO who is sitting on a Tier 1 copper/gold discovery, one of the greatest in recent times, and want to sell the company. One of your major shareholders approaches you and asks your intentions for the future of the business. Do you a) state your intention to sell the company so that he knows it is up for sale and has a greater chance of buying you out on the cheap or b) tell him that your intention is to become a major miner and that getting his hands on your asset is going to be hard work?

As long as I have held here you have insisted on SOLG taking this to production because of what the company has told us. Today and last night you claim we have a conflict of info because the President of Ecuador has said production in 2025 and the company says 2026. You pick and choose when to believe what the company says.

Unlike some others on here, I respect and value your contributions (by and large) to this board (I think you provide a much needed counter-balance to the "this is about to be taken over" brigade), but there is a lack of consistency in your logic and reasoning from time to time that needs calling out.

All best
SM

Quady, your mantra to date has been to believe verbatim what the company tells us. Surely that isn't changing today simply because you've been claiming first production in 2025 for the best part of this year?

Hadn't got that far CD, thanks

Liam Twigger thanks Nick for his 13 years as CEO, praises the job interim CEO Keith Marshall has done, then makes no mention of the search being ongoing in his opening remarks. I am leaning towards someone dropping out of the process very late on given the communication redknight and others have had recently 'imminent' etc.

Impressive you managed to buy back in below the daily low of 0.20.

Has anyone been in touch with the company to ask for clarity/comment on the deputy mining minister's statement?

Thank both you and Jlite for some informative and interesting posts, news. Really helpful and insightful. My one small piece of feedback would be to drop the random capitalizing of certain words. It makes the posts harder to read in my experience. But different folks, different strokes and all that.

SM

Quady - I am not old (early 30s) and agree with seanhunter's post entirely. The state of the world today and the sh*t young people are having to live through is one of the main reasons I won't be having children (that and the fact the planet is dying and we don't need more people). Society is falling apart. People are living more and more of their lives online, resulting in a highly divided, angry and mentally unwell population (well aware of the irony here!).

We are heading towards chaos and we are witnessing it happen before our very eyes, as the mentally deranged try to redefine what being a woman is, and advocate for life changing gender treatments for literal children. It's terrifying.

Evening Quady, BHP have had plenty of time - years - to deliberate over this decision. You have no idea what 'overpaying' means to BHP. Securing one of the best copper gold discoveries of the last decade, in a country that has just elected a pro mining government (that is now working with the IMF, too) will be something multiple majors will be interested in.
We also have no idea what NM would be happy with. He might jump at £1.32 for all we know.
I work at a FTSE15 by the way, so am well aware of how big companies operate and make decisions. Such an unnecessary and patronising way to start a post.

addicknt, when you put it like that it does just make you realise how absurd the idea is that SOLG are going to take this to production alone. It's just not going to happen. It makes sense for SOLG shareholders, for BHP, for Ecuador's government and people for this to be taken over. It is an inevitability in my book.

Typically bullish from BT. "Surpassed expectations". All sounds good but still all very much to play for.

RK, with respect, your contact said they were "dotting the Is and crossing the Ts" approx. two months ago now. My trust in them (on this matter) is wearing pretty thin. Do recognise that announcing in August probably a non-starter, but it's been 'imminent' for some time now.

Ahh gotcha - I was just re-reading and couldn't find your quote so that makes sense. Glad to hear that from the horse's mouth.

That'll teach me for reading the RNS half asleep - thanks DBW and good weekend.

Morning all, I am wondering whether this morning's news has implications for the publication date of the revised PFS at Alpala. My understanding was that the drilling at TAM and potential for an open pit mine there could potentially benefit the economics of Alpala, given the relative proximity of the two finds. Today's RNS states that we will see an MRE at TAM published this year, with a fair bit of drilling still to go. Does this mean that the Alpala PFS may be pushed back to say, Jan/Feb to take into account the TAM MRE and its related benefits?

If TAM isn't being factored into the Alpala PFS then this is simply a misunderstanding on my part. Any advice/comments welcome and appreciated.

Thanks
SM

When the weekend lunatics take over the asylum....

BBG - it is entirely possible for Quady to be invested and bullish on SOLG and not be excited at the prospect of an imminent bid. This is because he believes that a current bidding war would not lead to the company being acquired for his perception of 'fair value' c.£2-£3. This is not difficult to understand. Nor does it mean that he is a paid deramper working for a brokerage. FWIW, I am excited at the prospect of a bid and potential auction, as I would be more than happy to take 80p-£1 for my shares.

Quady - you do yourself no favours when you refuse to hold your hands up and admit you were wrong, when it is there for all to see in black and white. You claimed the MD&A was overdue. It wasn't. You resort to arguing semantics and it diminishes the credibility of your other posts, some of which are well reasoned and, if nothing else, consistent.

Now that traders are returning to their desks and 'summer' is over, I'm expecting our new CEO to be announced this month (there is no way an executive at that level would pass up taking the summer off to start a new posting at a time when no one is watching and nothing really happens). We're due substantial updates of many metres of drilling (thank you BBG for your informative post this week) and we have the PFS on the horizon. On top of this, hopefully the market will see that SOLG is ripe for a takeover and that BHP et al are willing to put their hands in their pockets and pay for quality assets (despite Mike Henry's posturing last month).

Hoping some civility to return by the morrow...

SM

"Any fact or evidence or statement is ignored and twisted by certain individuals on here."

The irony.