Member Info for TheItalian

I tried a very quick and very very dirty calculation taking into account also the 107mn inferred tonnes (see article https://www.mining.com/zijin-mining-invests-97-million-in-solaris-resources-for-a-15-stake/)

If I am not too far off, the ballpark is that Zijin paid around 12.7% of the total resource. You guys should run the numbers and share what you get.

Now, if I apply the same value to the SOLG resource as of the last official statement, I get a very ambitious but not entirely unattainable price of 102p.

Nowadays even a third of that would be something as far as I am concerned.

Sorry if already discussed. Did anyone here calculated by proxy what our valuation would be based on the Solaris transaction?

...aaaand Eloro has shown his true colours and goes to the bin!

@Otherncopper, your turn.

I would be relieved at 25p, and would enjoy the gravy for anything higher.

Fair value is much higher but if it was achievable we would have probably already seen the buyer come forward.

At some points news will pop up and we will go back to the best versions of ourselves, talking rubbish about boats and fast cars, which was so criticized but turned up to be better than what came afterwards from the recently appeared posters.

Rejoice, we know the same nothing we knew in December or last year, and we still need to wait until something out of our control finally takes us out of our misery.

GLA

Thanks BBG, but I don't see the group in Telegram, not sure why.

Morning. Anyone care to share the link to the Telegram group? Is it a different one from the existing one with 157 members?

@Texasminer, by all means no one is stopping you from disclosing your SOLG holdings, should you want to start the thread.

@NotMuchMoney, I have asked Solg, will post the answer if I get one.

On the topic of the relationship with the Ministry, Scott told me already that they work mostly with the non political staff, which is the same as before so there is a level of continuity, but as of the time of our conversation right after the Noboa appointment, they had had no contact with the new administration.

I had asked SOLG on what capacity Mr Tufford was talking about the company, and th8s is the answer from Chris:

Dear xxxzx,

Sean Tufford is working with SolGold and he is reaching out to those on our email list. The purpose of this is twofold. Firstly, to ensure that those on our list wish to continue receiving emails (as a number have been on it for a while). Secondly, Sean is checking to see if there any generally questions that he can respond to.

Happy New Year! All the best in 2024.

Chris

Apologies if I missed that detail from the various threads, but did Solgold indicate that this gentleman really works for them or that he is authorised to engage PIs on the company behalf?

BnC,

Happy New Year and best wishes for a healthy and proficuous 2024 to you and the few decent posters.

May we finally see the outcome we have aimed for.

TheItalian

And as stated well in advance of the AGM, the bb made a lot of noise for nothing.

Greetings from Italy, land of great beauty and excessivelly good food!

HO HO HO

Christmas is coming late again this year!!!

HO HO HO

We have lagged....

Bozi, I don't blame NM for not selling. He was the CEO and I was just an investor, he made his decisions and I made mine.

But I exchanged opinions with him at the time and I know that we could have sold at levels I was happy with at that time (imagine now!).

I have no issue with trying to maximize shareholder returns of course, but one needs to be able to support it with the sufficient leverage, which we have strategically and tactically lagging, and that is why I think greed and hubris may have created an avoidable damage to investors.

You don't need to agree, that's fine, I am just explaining my angle.

@Bozi, it's all good and dandy to want to make more money rather than less money after investing capital, time and effort into it.

However, we did not sell in 2017 when we reached 48p because NM wanted "multiples of the current price" and we haven't sold now that 48p is actually a multiple of the current price.

While I have entrusted my investment with SOLG's management and I want to see their stated strategy through without disruptions, I think we have pushed our luck too far.

I am sure there are other scenarios, but at the risk of oversimplification, I think that the only material reason why creeping takeovers have been made possible is because the management, starting from NM, have been fixated with obtaining a full price to sell the company and screwing the majors up, rather than looking at engaging them at the levels that the market conditions would imply.

After so many years I think we are all more than ripe for a sale at a realistic level and eager to move on.

In the ideal world that does not exist, I would love to see a statement from SOLG to invite suitors to show bids with a deadline, price starting low, simple and transparent. Overnight the real value of the buying interest would show and we would rerate 100-200%.

Crazy times......

Thank you Quadi, response in your inbox.

Kind regards, TI