Member Info for theiceberg

Dbw, or It could just be that Nick is getting a bit old, he doesn't want to fight too much so has agreed a plan to become the chairman by the end of the year and wants a CEO he approves of to implement his strategy.
There is a real danger that folks are taking a two bit story and making fit whatever their bias is.
This isn't a criticism just an ohservation.... We vs been shown a small part of a picture and are guessing what the rest of the picture might be.

Addict, if we take the assumption that this is right (although ever story I've read has the same source of a single unnamed shareholder, which has been written up by the same jurno).
If the bod no longer has Nick's back, if Nick now has to work with BHP a and newcrest for six months (at least).
Why would he?
Why would he do all this? it's certainly not for the salary which is a fraction of the value of his shares.
Would be really want to spend six months doing the things he really doesn't want to do? With a bod and a room full of people who don't support him?
If he doesn't have the bods support he won't be able to affect strategy in anyway.

It makes no sense.

There were quite a few buys above the ask today, more than I can remember for a while, also three market makers eat at 33.5 on the bid ready to get any shares at that level, or provide a floor.
Tentative inclings maybe of news next week.

DBW, I am not 100% convinced we need the money. The problem is that we can't just issue shares to newcrest or bhp...this is their fault.
if we need money...It's a JV, a rights issue or an open offer. Or outside chance of selling alpala.
The other problem is that we will need money q3 for more exploration...along way away.but we won't want to raise twice imo.

If he wants to cosy up to newcrest and BHP it means no raise until h2 imo, no money is needed now so why?
If he wAnts to force BHP then a rights issue will be asap at a highish price.

Earthling it was a sarcastic comment about talking the share down in response to a stupid comment about not wanting to be out over the weekend....
As both myself and addict said awhile ago, likes really are meaningless on here...The "top" posters tend to be the pumpers who say what people want to hear. Again I have no interest in an argument just pointing out a fact to try and keep it more civil.

They sold and started to talk the price down for a new entry ....
But like Smith trader he says he sold after the agm, but on the 17th of Dec after the agm, he actually said to buy because the uncertainty had gone.
There are a certain folk who like to "make it up as they go along".
Did you want me to repost some of your recent thoughts like I did last time as well?

I think it's good that lse doesn't allow you to delete you past posts....

Really choking the ask, 33.65 is the ask but 33.95 to buy 100k shares. 1% does sound much but it's quite a bit to pay above the ask when we've had some much bigger trades around the ask recently.

Sorry that should have been not trying to get into an argument..rather Freudian...

Red that's exactly what I said.
"just that they dont spend every day looking at it and trying to think how they can increase it."
Compared to yours
""CEO's of companies don't spend every day thinking how can we get the share price up"
They are exactly the same!!! There is no my interpretation!
Anyway I am trying to get into any argument s like I said, so I hope you both read each others posts and really think about them. Cheers ice

Red, I am not trying to ward into any argument here, but quady didn't say they don't care about the share price, just that they dont spend every day looking at it and trying to think how they can increase it.
They will set 3-6-12-24 whatever month objectives which will delivery value, increase sales, dividends etc and adapt these to internal and external happenings...very rarely will they have specific objectives to increase the SP. The CEO of BHP isn't going to change anything just because the share price increased or decreased by 5%.

're PFSs they constantly take longer than expected. Very very few companies seem to get them completed on time...It's just one of those things...Rio and Oyu is a good ,if extreme example. It's big and large companies which experience this.
Personally I have no problem with a delay as long as th company is honest about why...They have said that in the next 15 days they will issue a roadmap for the PFS with reasoning.

"Amid the backdrop of economies and societies inordinately hard-hit by the pandemic, both Ecuador and Peru, for whom China is a major partner, will host presidential elections in 2021. Ecuadoreans will elect a new president in February since Lenin Moreno, who has single-digit approval ratings, has declared himself out of the running. Polls indicate one of the leading candidates is Andrés Arauz, a former central bank governor who has been a staunch critic of Moreno’s IMF-supported austerity measures. In a flashback to the controversial oil-backed credit lines agreed by his mentor Rafael Correa, he told the Financial Times he is “already opening dialogues with the development banks of China”.
From https://dialogochino.net/en/climate-energy/39148-2021-the-year-ahead-for-china-latin-america-environment/
A pro China view point.

But I've spent a few days now researching the upcoming presidential election and there is.no doubt that both the front runners will get very close to china over the next 12 months. I think this is a mistake but it's there country.
Obviously arauz is the best candidate for solg and imo likely to win. However a run off is also very likely probably beginning of April. The dropping off of the car left environmental candidate is probably a good thing and will happen once the run off start s.
Arauz has promised a UK style NHS paid for in part from mining proceeds and the sign s are that this will be popular under the current circumstances.

Viable, it's one driving a car, we know the car might crash, so we have seat belts, air bags, crumple zones, roll cages etc. But most people(except Volvo drivers) don't think of that as a problem that we need to consider when buying a new car. Nearly all new car designers have factored it in for us as it's adapted over the years and decades , it's a given.
The same for faults, they are factored in and the safety aspects adapted over the decades. Nothing's perfect, just like people can still die in a car accident. Faults and a host of other geological complications can affect mining, like they do every mine in the world. Just ask BHP about tailing dams!

"Rio's relationship with the Mongolian govt has gone down the drain as well didn't it? Due to all the delays. An example of what can go wrong when you're dealing with cash hungry governments, they can turn on you and unfortunately you find yourself at their mercy."
Ecuador isn't mongolia, part of the problem is the constant cash calls Rio has made on Mongolia, along with the money that Rio has been lending them at a massive Libor plus 6.5% .Also the broken promises and I dont really blame them.I
Rio are not doing much else in mongolia , despite promises to do it,
If someone said, let's expand the mine, it will cost billions, but don't worry we will lend you the money and in a couple of years we will both be rich.yet 5 years later you've built up over a billion in interest charges, the improvements haven't delivered, or been delivered and are suggestions that more money and much more time is needed, your going to be annoyed..
Big companies like Rio and BHP, as well as the Chinese need to be more honest and open with these countries, work with them, it's one of the reasons why solg is good at what it does.

The fault zones are utterly irrelevant to solg, they affect all underground mining, much of it throughout the chile region and the entire West side of s.america. They have been factored into mine design block, underground, even open pit for decades.
Reinforced exit shafts need to be installed capable of surviving xxx R Scale displacements etc. They are factored into tailings dams etc regardless .
I posted a piece about the geology of Oyu, it's a pig of a deposit totally unsuitable for deep block caving, but the depth and strength of the mineralization lure people into trying. It's why BP (from memory) originally sold it. I am sure there are things that the new directors can add, particularly around process, risk managemnt, holding SRK to account etc. But Oyu is, so not your typical block cave. Unlike Alpala which is as typical as you can get.

He's obviously an intelligent guy but it's difficult when he makes such huge bias comments.
"There are, of course, major justifications for a large disparity, including that work to exploit Havieron will start this year – some five years ahead of Solgold’s Aplala "
Hes talking about the cap ex work. The work that is needed to prepare for mining such as the incline etc. However nobody, nobody at all thinks that the cap ex work won't even start in solg for 5 years..2026. He even got Alpala wrong!
There are 100 other inaccuracies....

From the anus, sorry a annals of crew, (although he's only posted on here for 2 months)
"Its clear that this share is going to be massive, however, there's still the gloom preachers around"
"Why post anything now? your just a gloom spreader, If your thoughts are worth posting why not stay in?"
"I very much doubt you had shares in the first place, I thought we had seen the back of you and your cronies trying to bring this great share down"
"With the constant replies of negativity it only proves that this poster is a de-ramper
Why post such tosh if you are genuinely a SOLG holder
Just think about it for a while, it does not make any sense, probably paid to get share price down
Please all ignore these idiots"
"Nothing like a glass half full!!!
I'm sure that all the negativity certainly weakens the resolve of some private investors!
What's the point of posting negative messages, that you have absolutely no substance to?"

At 37p........"Well that's another 7K's worth in my pot at a bargain price, I wish I had more funds at the moment for this share"

"So much possibility out there, wonder which gem hits our RNS first??"
Then less than 24 hrs later......
"SELL NOW!!! its going back to the 20's!"

Looks like a similar repeat to yesterday imo, 300k was sold in 10 mins a couple of hours ago, but barely moved the share price.. Certainly still in the 35s to buy and sell. Any sells are being taken up. Like yesterday volume at this time is below 1m.

It was clear last week the market makers thought something would happen, hence the tight spread. Nothing has happened now, so maybe a change in plan. The markets seem to be unsure of the next move, but they are happy to feed off the buy sell battle until news lands.

I've copied and pasted a sniper of an email conversation from monday, as it's my honest view, but doesn't distract from me holding With high expectations of the near future.

"With regards to the PFS, it was around the comments that the project was being redesigned away from the high core early focus...this is key to the pay back of project financing and a significant change from the PEA, with consequences if that is indeed true. All of which makes it serious if some investors are getting this information and some are not.

This is the largest multi target drill campaign in the companies history, so its a strange time to reduce news flow..The news flow of Sept Oct was obviously unsustainable and undesirable to maintain, however we've now gone in the opposite direction, of no update for a month and the longest no news flow period for nearly a year.
It was only in the summer, when Nick promised shareholders there would be more openness, but we've not had anything for quite some time now.

I believe the next quarterly is in me Feb? However the last quarterly in Nov didn't contain any meaningful exploration update.

We don't even know which targets are being drilled?, how many rigs, hence cost?
We don't know what the strategy will be, has it changed from the high core, 4 year IRR?
We don't know whether the PFS will be Jan or April? (as per the Hannan report)
We don't know whether solg has taken up the extra 50m from Franco Nevada and therefore the royalty cost calculations?

As I said, I understand the need to keep somethings confidential, but there is a lack of consistency and no explanation."

There isn't investor fatigue...do you get anything right crew?
Just because we arnt happy with the flow of news or whatever doesn't mean we have fatigue.
This is the problem with these boards, people complain about posters not criticising the BOD, however when something vaguely challenging is said, it's twisted by dolts like crew...