Member Info for TheItalian

SolGold anticipates, similar to previous years, that select shareholders may continue to vote in a manner detrimental to other shareholders. For example, at the last three AGMs, such shareholders acting adverse to other shareholders voted against resolutions related to the disapplication of pre-emption rights, which hindered the Company's flexibility with respect to financing, which historically prevented SolGold from pursuing specific strategic initiatives that would have unlocked significant value for shareholders and counter a creeping takeover.

The SolGold Board of Directors UNANIMOUSLY RECOMMEND that shareholders VOTE FOR all resolutions at the upcoming AGM as put forth in the meeting materials for shareholders.

What would be a lot easier on PIs and simpletons like me, is a more explicitly spelled out description of the "specific strategic initiatives that would have unlocked significant value for shareholders and counter a creeping takeover."

Considering that the SR was as transparent as mud and no one officially attempted a creeping takeover, what did we miss?

Y a h o o

with just 1 a

sorry

T h e i t a l i a n i n v e s t o r

a t

y a a h o o

d o t

c o m

Thank you

@quady, care to elaborate on that email from solgold, or forward it to theitalianinvestor**********?

many thanks

That we go in loops because there no material news from SOLG....

From my 8th August post, which is still where I stand, related to all the assumptions floated around that the company is doing nothing, or the strategy is not clear, or the strategy actually has changed across the different leaderships and we need discountinuity.

"I don't see so much contradiction to be honest. The intended strategy has never changed in my opinion, as in let's tell the market we are going to develop but of course if the right offer comes through we will consider selling. What has changed, again in my opinion, is that where NM went for the bigger resource numbers in order to attract the prospective buyers but did not actually advance the project because he overestimated the buying interest, SC is doing the practical things that had to be done in order to make the project sellable. Of course they want to sell and monetize, but equally until a buyer shows up they need to advance the project in case a different financing solution needs to be put in place. Plan A and Plan B have never changed in my opinion."

The only thing that seems clear to me in this opaque situation is that the economic interests of NM, SC, Maxit, WI, etc., is aligned with ours.

SM, and that is very much what I hope as well. The most likely way that SOLG can be forced to sell at a more achievable price is through the effect of external forces.

Red, that's a lot of words, you are testing our resilience. I am sure that many of your arguments are reasonable but again there are many assumptions.

To be honest I really don't think that the majors (being the majors) are afraid of being the first bid if they intend to buy.

What I believe to be more realistic and personally I think it's quite obvious, given the specific comments made by NM and SC at different times, is that SOLG has made it clear to the majors that they do not want to entertain low bids and are rather waiting until the market/company/projects are in the right place to attract a congruous bid. Now my own assumption is that SOLG's management will push is for as long as they can to try and maximize the result hence the current pain with the share price in a negative market for juniors.

IF, and it's a big IF, SOLG were to let the possible suitors know that they will look at lower bids, I would postulate that the buyers would start to finally show their face.

If you think about it, if SOLG go around (not sure they do but again that's what I gathered from conversations with NM and SC at different times) telling everyone to come back when they are happy to talk £1+, who would ever bother to respond with a bid?

RED, you started with a plausible point about BSC but IMHO you then drew a rather speculative conclusion about liquidity.

BSC may have or may have not looked for a buyer to trade its shares quietly at the highest price, however any buyer would would care to buy would have not bought at 14p or 12p, but rather would have put a bid at 10p or lower for the lot (reasoning below), so for one thing in absence of the strategic buyer we are all hoping to see one day BSC had no alternative than start selling in the open with the effect of moving the market down.

Now, since we are in a buyer market and sellers are weak as it has been discussed a few times already, and liquidity begets liquidity, if you as a buyer in a weak market decide to buy 13mln shares and give the instruction at a low price that is somewhat achievable, you can expect with good probability that the brokers and the market makers will do their best to move the market in your direction, because they will make money only if they trade.

So in other words there is no symmetry between a buyer and a seller in a share like SOLG at this time.

Bandputin1, it is absolutely not true that the company is doing nothing, just read the bloody RNSs or talk to management. Then you can be free to disagree with their strategy and current activities and sell you stakes.

That is just another perfectly good example of a non factual rant that helps no one.

I am as unhappy as any one of you, but I have not lost my mind after assumptions and conspiracies, nor do I keep repeating the same abuses about everyone else's ideas and opinions.

And Q, for the love of God, can you stop that broken record about Slug, we got your opinion on him the first time (which I agree with BTW), well before the 50 follow-ups you decided we really needed to endure!

Come on people, each day that goes by is one less day until we know what happens to our investment, be mature, think twice before posting and show some restraint.

I just scrolled through the last posts, the BB is really at a low. Pointless points and speculations made over and over again about everything except what the company is actually doing and what the company is explaining about what it is doing and the context in which is trying to do what it is doing.

WTF!

BBG, absolutely.

Now I don't like to speculate, but seeing Nick's name I could not avoid thinking that the spin-off strategy he was keen on when setting up the 4 new companies might be in play and he might take on at least one of them, and showing his name might be a signal to the prospective buyers. For once I will be forgiven for indulging in fantasies!

Https://www.youtube.com/watch?v=96wfOIJ1F8Q

To reiterate the point about bad sentiment. First 2 minutes of the interview.

I concur with BBG, this could be the first of a string of RNSs leading to the AGM, and if that's the case the first RNS would not be the strongest update.

Still, always good when the company bothers to tell us something.

I might be wrong of course, but I think that the big noise made on this BB will just result in a non event at the AGM, which will run rather smoothly and with no particular surprises. The company will continue along the path it has explained, comms will still poor and at best ambiguous, and PIs will be left to just wait as usual. But I see that as inevitable and almost desirable since we are on the receiving end of whatever resolution SOLG will get to, sale, JV, else...I really don;t see an alternative to letting the new cast go on with their job.

Now, if Bob really wanted to impress me with a £2+ sale, I would love one of these...https://www.cnbyachts.com/en/yachts/78/

One can dream......

Yep, the new Beneteaus are pretty cool and sportier than the previous models. If you buy one of these you might just need to get some of the systems rewired and refitted as Beneteau has cut corners with the things you don't see.

When we were dreaming of £1+ sales, I was thinking of one but realistically it's not going to happen.

Would you use it in Australia or the Med?

ROC(40) is also negative but has been showing good vibes in the last few days.

Supertrend still absolutely bearish with a strong negative bias.

SAR(0.02,0.02,0.2) is the only positive signal, which I would read in sync with the ROC(40), so possibly indicating some short-term upward move. Even if that's the case I doubt it will be a big move.

EMAs still heading south but the EMA(20) seems to finally slow down its fall and might eventually meet the EMA(50) by the end of the year.

Best guess and I hope I am wrong, nothing material is going to happen to the price until at least Mar-May 2024.

MOG, thanks again for the useful post.

For those who don't speak Spanish, the interview is basically the demonstration that we need to worry more about Ecuador's convoluted politics and sensitivities, than SOLG's management.

@Eloro, about your comment about the Godfather, A) it wasn't me, and B) it's a completely inappropriate undertone and bad taste on your side.