Member Info for TigerByTheTail

Hi Iceberg!
What I proposed is a normal corporate deal structure. I'm not reinventing the wheel.
Something similar is almost certainly "doable" given the resources at Alpala. (Of course there would be a haggle over precise percentages).
And I'd guess the one and only obstacle to such a deal has been (and possibly still is) Nick Mather.
There is NO path by which Solgold (on its own) can finance and build Alpala without massive dilution of existing shareholders. Financiers would (rightly) demand 30% to 40% of the Capex required be financed by equity. And even on those terms I believe it would be very difficult and very expensive to raise such a large amount of money. It's madness to even try.
My own take is that Solgold would benefit enormously from a change of CEO.

Hi MacTrader!
No, I think I understood your previous post.
Look, I speak fluent Russian, I lived in Russia for 20 years, I know my PGMs, and I know the owners of Norilsk Nickel very well, and trust me I know how business is done in the Wild East. For once listen to an expert, EUA is pump and dump garbage - and so hopelessly overvalued it makes GGP look cheap. It is that rare share that could (and probably should) drop 90% or more in a single day. The only question is which unlucky shareholders are going to be left holding the bag when the Russians involved finally admit their improbable "sale" has no buyer.
If you want to invest in PGMs, then try AAL, or Northam, or Tharisa (THS), or SLP, or even JLP (more diversified). All are excellent and profitable producers. THS and SLP offer the extra advantage of having a high rhodium content in their Prill split. JLP and Tharisa have exploration assets which are way better than EUA's.
Yet you can buy JLP, THS, and SLP whole with EUA's mcap, and still have change left over for a couple of good gold miners like HUM. It's absurd.

My God, Kenonolo, have you been dumb enough to put a short on a gold miner?!?
Let alone one as undervalued as Hummingbird?
You might want to rethink your investment strategy...

Hi Redknight1!
This is the deal that is simply crying out to be made - farm-out Alpala to a major (say BHP), whilst simultaneously the major takes out Cornerstone).
The major gets (I think) 75% in return for financing Alpala to completion; Solgold get 25%. Mine gets financed cheaply and built speedily by professionals. Solgold continue as an explorer, which is what they know.
The result would be a win-win for everybody, and it would send Solgold's share price soaring.
I have no idea why this deal has not already been done - except for "personality clashes". It's insane.

Rhodium now at a new all-time high of $16,800/oz (JMAT prices). Platinum at $1060/oz and palladium at $2,240/oz.
I'm not keeping an accurate count, but I think that adds up to a new all-time high for Tharisa's PGM basket. The chrome price is flat, but who cares when PGM prices are this high?!?
As a side-note, iridium is now $2,500/oz. I've been looking at this some more, and I'm now convinced that its price is basically going to the moon over the next decade or so. Demand is expected to grow by 251% according to one analyst, but where is the increased supply of this incredibly rare metal going to come from? Total world production is only 400,000 ounces per year. And, short of asteroid mining, it's hard to see how this can be much boosted. If only there were a sensible cost-effective way to directly invest in iridium - like an ETF!

Hi RedKnight!
You've forgotten that Cornerstone own shares in Solgold - it's about 7% of the company, isn't it?
So you need to adjust for that - it's not quite as crazy a valuation as you think.
They also do have other assets, including a JV with Newcrest, though I don't particularly value them.

Hi Colonel Drake!
You clearly don't understand how damaging the Franco deal is to the long term prospects of Alpala. Yes, no dilution - but at what a price to the future viability and profitability of the mine!
There is a reason that Franco Nevada and Wheaton and so on are such fantastically profitable companies. It is because they suck the best profits out of the companies that they invest in. In essence, that is why BHP and NC voted against NM. And I, for one, think they were right.
BTW, I disagree with most everything else you have written as well.

Happy New Year all!
It could be a great January, let alone a great all of 2021!
At the latest, we should know if Thorny River is another Marsfontein by the end of February.

Hi Crewtime!
There's no point in issuing an RNS before the New Year now. If there is good news, better to issue it on the first day of trading in 2021.
That said, I think there will be a lot going on behind the scenes right now, and we may have silence (apart from some possible exploration results) until a couple of weeks after the Ecuadorian elections. I'm not sure how this strange situation plays itself out - farm-out of Alpala or a hostile takeover bid - but there should be profits for investors who are prepared to hold through a nervous and quiet January.

I don't think there is anything "accidental" about HUM at all. Their development seems pretty deliberate to me, even methodical.
Nor do I see that an undervalued West African gold miner has much in common with EUA - a ridiculously overvalued Russian PGM exploration play. (There are other words I could use about EUA, but probably best not to).

What's the volume like in Nigeria? Is it heavily traded?
The only explanation I can offer is that it is a very thinly traded stock over there. If it's not that, I'm flummoxed. I can understand a small disparity, due to restrictions on converting currency, etc. But this big is crazy.

...oh, and for anybody peddling nicked catalytic converters, 2021's street crime of choice...

Hi Oska!
Wrong board?
Meanwhile, a good day for SLP and PGMs...

Hi Juxtapose!
Thanks for the reply - it answered all my questions as to where the Astor debt came from.
I'll be investing here shortly - hoping to catch a dip if and when it comes!

www.dailymail.co.uk/money/cars/article-9079033/The-latest-car-crime-spread-UK-2021.html

www.dailymail.co.uk/money/cars/article-9079033/The-latest-car-crime-spread-UK-2021.html

I'm a newcomer to this share. I read the annual report and see the reference to the Astor debt (53m Euros).
I'm a bit puzzled by the history of this. Why has it turned into a protracted legal dispute? What is the likely outcome?
And, also, can the company pay dividends whilst the Astor debt isn't settled?
All help greatly appreciated!

Hi SarahLamb!
You do realise that the sale of Pickstone Peerless has proven to be a disaster? It was a working gold mine with strong growth potential, and AP sold it at the start of a gold bull market!
Imagine how much stronger the company would be if Vast had poured its resources into PP rather than Romania!
But Andrew Prelea had a free carry on Baita Plai, so Vast has been broken in pursuit of putting it back into production, so personally enriching the CEO.
Honestly, 20bn shares is issue, lies and more lies, and an imminent threat to the company's solvency! Andrew Prelea has been a total and complete failure as CEO.

Hi Rich3r!
I'm expecting a period of silence and drift from Solgold as things are worked out behind the scenes.
Then, all of a sudden, one fine day we will wake up to find that everything has been resolved. There are several possible outcomes: Alpala farm-out, hostile takeover bid, or (best of all) bidding war. All of them are good for anybody buying at the current price.
As I've said before, the AGM wasn't the end of something, but the beginning. Give it three months max for the haggling to work itself out.
Happy Christmas, everybody!

Thanks for the links - the grades and jurisdiction certainly are appealing. For some weird reason my search engine was giving me an archived version of the website.
When researching a share, I also like to look the CEO "in the face", so to speak. Does anybody have links to any interviews or video presentations?