Member Info for SharketMare

Hi D220, thank you for the response, and for your numerous other informative posts on here. The investment case is indeed compelling, and we appear to be pretty under the radar at the moment. Fill your boots time.

Quiet but a very welcome and healthy rise to kick of trading in the new year yesterday. I added a paltry handful (see trade at 8.55am) to bring my holding to a nice round number. Last year's despair has been replaced with a new found optimism (sometimes you need a random blue day as we had yesterday to renew the faith!) and I am very much looking forward to watching Zaranou play out over the coming few months.

I've been here since Jan 2017 with an average of 15.42p and am hoping this year we can achieve a share price around the 40p mark, or a MCAP of 150-200m. Anything above that I see as a massive bonus.

Good luck to all long term holders - mike29 hang in there old chap. It's been a long old slog, but it is starting to feel like the stars are aligning for IRR.

Took a small position here just before the New Year and added a few more this morning. Looks to be an interesting prospect with huge potential and decent news flow over Q1.

Feel your pain Mike. Thought we'd be closer to 30p by EOY, instead we're back down near 10p.

Q1 is make or break for me, as it was with the lithium.

Lots going on here. This may be the first of a transformative 3 weeks for the company.

Thinking about the future this evening as the Western world looks set to end 2020 with the greatest fall in economic output in 300 years. Whilst China posts a year of growth.

The virus has weakened every single major economy and contributed considerably to the downfall of the only world leader willing to stand up to the Chinese. Like him or loathe him, Trump called it right on China and Obama and his predecessors' failure to do so will go down as one of the greatest foreign policy failures of the modern era.

The media is awash with news of China driving the global economy. From Africa to Ecuador, Chinese investment will look very appealing as all other developed nations seek to get their own houses in order before spending abroad.

Securing assets vital to 'building back better' will become a priority not just for major miners, but for national governments too. China has done this for years, but I expect the US and the EU to play a much more proactive role in securing the future of the metals required to keep industry going and economies recovering.

I wonder with his latest move, whether Nick Mather has overplayed his hand. Whether inviting the Chinese into the nest has prompted a shift in sentiment amongst BHP and NCM, and this AGM presents a good opportunity to oust him and secure Alpala et al for themselves.

Remember, China have a massive foothold in Ecuador already. Should Jiangxi be allowed to build a sizable stake in the company, they would be in an incredibly powerful position to become the preferred company of choice to build Alpala, Porvenir, Rio and La Hueca.

The leverage Jiangxi would have - essentially being an arm of the Chinese state - would be unmatchable. Push has come to shove for BHP and NCM. The next few weeks will be box office.

GLA.

I second that sentiment, Schlmiel.

Lafitte's posts are highly informative on that topic.

Morning all.
Like many on here I find the vague mine redesign reason given for the delays as one that is very hard to believe. Combined with the fact that we had one of our experts say a few weeks ago that the PFS was three weeks away from being released, it to me seem that this is being delayed for tactical reasons.
However unlike some on here this does not mean that I am annoyed with NM. If we assume he is delaying this for tactical reasons - giving him a chance to prove up the other assets and in turn increase the value of a takeover price - then I see this as yet another deft move by our CEO, not one that causes me to distrust him.

Finally - this sentence from the RNS spoke volumes:

"In parallel, the project team is also assessing aspects of the Alpala Project which can be further investigated to improve the modelled financial performance of the proposed mine development."

What the above does, is give the company total license to turn around to the market in Q1 or whenever and further delay the PFS, if that's what they think is best. It's extremely vague and wishy-washy, and is there (in my opinion) for that sole purpose.

Expect strong regional news to come this week and next.

Trust in Nick Mather. He will deliver.

Schlemiel - what here is tiresome? Unless you are looking to make a quick buck I really don't see what the problem here is. How is the stock struggling? I may be wrong but hasn't this stock been higher at the end of every single month since March (when, you know, the world shut down because of a global pandemic) than it was at the start of those months.

Honestly for people who claim to be seasoned investors I seriously wonder how some people on here haven't learnt how to be patient.

Hello aos1, there is a guide here that I must admit was not particularly helpful.

https://help.ii.co.uk/system/templates/selfservice/ii/help/customer/locale/en-GB/portal/402800000001013/content/Auth-3894/How-to-vote-at-or-attend-an-AGM

I have logged on to my online account and sent them a message asking for my votes to be cast in favour of the resolutions. Hopefully they will get back to me soon and let me know how.

Atb
SM

What is your point here?

SOLG's high on October 9th was driven by the three regional updates in the 4 days that preceded the rise.

We're not producing any copper or gold. You know this, you've been here and traded the share for considerable profits as you frequently like to point out. Surely you should know that our SP is predominently not driven by movements in the price of copper and gold?

Fed up of your whining and criticism of this stock.

What needs to happen is for you to stop responding to these posts, to report them and ignore them, and the person behind the trolls accounts will soon get bored and leave. Be the bigger man Quady - do not engage and it will stop.

Morning Zoros, I've been wondering about TO price over the last few days as, like others on here, it feels to me like a bid is being discussed in the background. Either that, or the company is witholding updates so that we have a cascade of good news before the upcoming (and very important for NM's destiny) AGM.

Like you I find it hard to fathom a situation in which a bidder comes in with a price that is 3x current market value. Though stranger things have happened at sea. We all invest with strategies and targets (or at least we should do!) and personally I would be more than happy with a bid in the region of 80p - £1.00 a share. I know that for many on here that would be selling us 'on the cheap' (and perhaps they are right), but I don't see BHP or the Chinese or whoever tabling a bid of £1.50 or even £2.00 given where we are right now.

More than happy to be proven wrong on that front though! Here's hoping St Nick delivers what's best for shareholders this Christmas.

Atb
SM

Schlemiel - I guess that depends on how you are defining a 'large' position, and what price you think this will be taken over at. I would imagine it's not overly difficult to pick up £100k of stock here below 40p, from which there is quite feasibly well over a 100% upside.

Fair enough, happy to be corrected and hopefully we are indeed a player!

mafioso - I'm fairly confident that I read on here (and possibly elsewhere) that Avacta did not participate in that tender.

Two weeks? Try two years...

Whether it's part of the takeover gameplaying or not, I think it is always beneficial for companies such as SOLG to PR the fact that another insti has come on board.

I am unsure of the regulation though. Would be interested to know whether we are obliged to name the institution given the small % of equity issued?

Fully agree with this rcgl2 - the argument that BHP aren't going to bid 'because they would have done so already' is utter dross. The more than SOLG is de-risked as a TO prospect, i.e. with the release of a PFS for Alapala - the greater the likelihood of a TO becomes. Majors are risk averse, they actually do have a large and diverse group of shareholders on their registers who will not take kindly to their money being thrown at assets/projects that might not achieve as much value as hoped.

The game that is being played now, in my opinion, is how much extra value can NM add to the TO price by proving up Provernir, La Hueca etc. (assuming that SOLG is not willing to sell of Alapala alone). BHP will ultimately have to make a judgement call at some point as to when they make their move, based upon just how much they need SOLG to be 'de-risked' as a TO prospect before they think they can - in line with their strategy and governance policy - make a reasonable offer.

"why do you think BHP will be happy to sit back and watch their £75m investment be diluted to irrelevance? "

I was about to pose Quady the same question on a separate thread. Personally I do not think it beyond the realms of possibility that BHP / Newcrest get so p*ssed off with the way NM decides to fund building the mine (and their holdings being diluted more and more over time) that they sell up (when profitable to do so) and remove themselves from the situation.

Much more likely, I believe, given the quality of the assets and the rarity of such discoveries today (let alone the geopolitical issues, the importance of securing commodity supply for the long term) is that BHP - at some point - makes a move to take the lot.

I can't help but feel that you look at the evidence in a way that confirms your long held and well established BELIEF that this we are going to production alone.

I fully recognise that we *could* go it alone to production. But I feel that this is very unlikely.

I also think that issuing stock to a fund backed by an entity (and essentially anation) can be seen as evidence that NM is bringing another party to the table who might want to buy us out.

We know Alpala to be world class. One of a handful of copper gold discoveries of this quality in the last few years. The rise in nationalism across the globe is a trend I personally don't see reversing anytime soon. Securing commodities (particularly those important to economic growth such a copper) is a long term priority not just for the majors but also for countries.

Bottom line is this. If the Chinese or BHP want to buy SOLG, Nick Mather is not going to be able to stop them.