Member Info for Swanley

Excellent work Bonker, keep up those charts on here and X

Haha, they're probably still faxing over the rns wording...

Not judging a book by its cover, but the new chair doesn't immediately strike me as quality chair material. I expect he's there to fill a position and enable II's to get back on board. Dan's stepped up to broker the eventual sale because "he's the finance guy" and presumably won't accidentally shake hands on 30c/share. The tech committee and the forthcoming consultant are there to get the job done.

Means to an end.

"Better tailings than your current tailings?"

Fort, I couldn't agree any more violently with your last two posts here. Absolutely spot on the money.

Get shot of a non exec director or 2 and usefully employ that cash to pay for, I dunno, a work placement student as a social media manager to update the website, X, etc and some better slides than the October 'project plan'.ppt (which looks like some smart art graphics accident happened when Scott's dog sat on his laptop).

Guessing FNV forced Scott out due to missing deadlines and this was all hastily managed last minute leading to the total comms spew up that happened this morning. Don't know why they weren't even honest about that - an opportunity to give a decent progress update. Clearly they had some notice to prepare ever since their Pre PDAC slot was pulled from the schedule..

My g*d they need some decent comms/PR people here. Too many chiefs.

Swiss Paul did you say? "Selling a Tier 1 asset is very much like making love..."

It seems clear to me that Dan's been put in place to help get this over the line and broke a deal as he's the "finance guy".

It's clear that Scott (bless him) has failed to meet FNV's/OS's timelines and they have taken action to secure their investment by getting shot of him.

The Tech Committee will ensure that the milestones get delivered on time with a potential block cave expert/consultant to support. The early permit will allow them to start to construct the decline and show they're moving towards realisation. Solgold will now contain 'only' Cascabel so that it can get to this stage and be bought without compromising their other prospects - which was a dilemma they've had for a long time (can't justify paying the license renewals for the other tenements if no exploration is happening and equally can't justify losing them as they could be as big or bigger than Alpala/no-one wants to pay for a potential true value for the entire company (including the other tenements) because they're not proven up and de-risked enough and this wouldn't realise the true value).

With the chair in place and with a clear path forward, this should now move forward..

Yeah, I saw that (even 'liked' that update on X) and the X post has disappeared. Makes me think they were hopeful of having some news that they could leverage at the PDAC even, which has for some reason, now fallen through.

Price seems a bit jumpy this morning, like something's going on though...

Agreed, the recent low on the 24th touches the trend line formed from the low on Dec 14th 2015, the low on 4th March 2024 and price has bounced up since then. I'm hoping this is the 2nd low of the larger double bottom pattern seen on the weekly chart: https://app.screencast.com/cJyR0M9UrlqQs

A news release now could be the catalyst needed here.

Nice to see some decent inflows with some larger buys today.

And that valuation would have (should have) factored in, the relative risk of the asset which had not yet been through the remaining de-risking activities and having all the required permits and the DFS .

I wish their statement said something along the lines of: "solg confirm that the company no longer believes Darryl is a f*cking moron". Perhaps they still do.

Lol, this happened also on Tuesday when it went down 6.66% to a price of 6.66p!

OK cool, thanks for elaborating. No wonder they're planting lots of coffee bushes, they'll soon have the additional capital they need ;)

Pbow, where do you get the figure of 1.6b remaining? I read that the total estimated build costs were 1.6b before FNV/Osisko's $650m post de-risking. I recall seeing that their investment is subject to Solg finding a further c.$900m (presumably down the back of Nick's sofa or something).

Is there a revised cost to build I've missed?

I reckon this selling will continue to push the price down next week until it tests the recent low from Dec 23rd 2024 at 6.550p and if it breaks below that, then it will continue until it hits the theoretical support line drawn from the low on Dec 15th 2015 through the low on Mar 4th 2024 and that will be a support at around c. 6.2p.

6.2p is c. 4% above the close price of Mar 1st 2024 and that would fit the narrative of a rising double-bottom very nicely indeed.

Time will tell. I'm looking to acquire more at these levels.

"... or everyone gets lower opportunity to load".

Great! Bring it on.

The buyer clearly just saw the new SOLG media on this site and decided to buy......

Lol NMM I'm sure he does. Nothing ever goes to plan. You'd have thought he's learnt to caveat his statements by now..

You're right, just re-listened and he said "definitely before ESIA", and "but early 2026".

I recall SC saying in the recent video: "DFS will be published before ESIA is submitted" and assuming they're still on track against the timelines published in the Company Update RNS on 16th October (lol), that would mean that we can expect the DFS somewhere on or before October 2025.

Would they be able to issue shares during an offer period? Or is the assumption that the offer is knocked back, then the shares are issued and the offerer increases the bid? Sounds as sketchy as, to me. I'd be surprised if that was possible.