Member Info for ToS1963

I agree Sharket.... but rinse and repeat? I flipping hope not!

I haven’t seen any indication of a timeline for the wind down GM and vote. A circular was promised in the December release, what’s the hold up?

Just a frank admission of what many of us on here have long suspected. For far too long they’ve dragged their heels whilst being handsomely compensated at the expense of us, the shareholders. Let’s get it sold.

This is the part I’m most interested in.... bearing in mind the licenses are the only non cash assets we hold..... and what, pray tell, are these additional benefits they speak of?
An application to begin negotiations on the exploitation agreement for the Cascabel project was submitted to the Ministry of Energy and Mines (“MINEM”) on 31 August 2022 and was deemed admissible on 14 October 2022. Initial discussions regarding the Exploitation Agreement began in December 2022, and that the formal negotiation process began in January 2023. The Company has until December 2023 to complete the negotiation process with the establishment of a non-binding term sheet, and the submittal of a request to move into the exploitation phase.
In December 2022, the Company submitted an application to amend the previously subscribed Investment Protection Agreement in order to align it with the exploitation agreement under negotiation and to obtain additional benefits provided by the government which were not available when the agreement was signed in 2021.

Decent update imho, market reaction should be interesting. I expect it to be positive, however I think I may have to hold for a further 12-24 months before showing a profit here. Not one of my best timed investments, but you can’t get them all right. Quite happy to put away and forget as I think things should come good here.

Quady, just send them an email yourself. They’re pretty good at responding. Please post any info you glean!
investors@solgold.com.au

My source for the last post was my response from the company, posted here in December....
. Thanks you for reaching out. You're correct, the timeline consists of 4+4+2: 4 years early exploration, 4 years advanced exploration and 2 years economic evaluation that can extend another 2 years. At Cascabel we currently have an Exploration Investment Protection Agreement (as announced on 23 November 2021) that covers the period through to end-2023. Ahead of that time the Company will be negotiating an exploitation agreement that goes beyond then, so this is the timeline you should be looking at. As announced in the Company Update on 22 November 2022, we will continue to de-risk the Cascabel project.

We are applying for an extraction license this year. The application will contain timeline for construction, high level design and environmental impact etc. Should also contain details of how we plan to finance it. Understandable Ecuador believes it’s starting this year. Strange we are in the dark though.

This was a dividend/income hold for me. Can’t work out whether to hold, add or sell now. What are others views?

Rapidly proving to be one of my better investments.....my research does not usually prove to be this successful so quickly!

One persons bloody annoying and boring, is another’s safe, stable, secure and profitable.

Ok, despite years of grumpy old man moaning on here about the stagnant SP, and lack of clear information from the company..... I have today added to my holding. My reasoning is a bit complex, but here goes....
I held a chunk of both DLG and RCH which I took a bath on earlier this week. I decided to exit those rather than wait for a recovery. I’ve left most (75%) of the freed up funds as cash, but stuck the rest in here.
I have held here for so long, and genuine believe 2023 will see the end game here, so after 12 long years, might as well try to maximise any return, should I be proven correct. Be warned, I have a history of mistiming Solg purchases!

I only hold this for the divvy, so as others have said, there’s no point holding it so sold out early today. Am in no hurry to reinvest the realised cash either, so not searching around ... wish I’d sold yesterday though!

Sean.... you say “ and hopefully not wasting any money drilling. ” and, as you also point out, we have plenty cash in the bank.
Given that we are, allegedly, an exploration company, which hold numerous time constrained exploration licenses.... doesn’t that worry you?

My personal favourite.....
“ I have observed over time that the SOLG SP is much more correlated with the Gold price than copper”
That’s an absolute belter.

Well, I’m in today at 46.7p.

Oh, I read it alright. Few questions
What’s the funding to be spent on which will add value, if we are not exploring?
How does the current price of copper impact us as the stuff is in the ground? Extraction costs are increasing across the board, and and bidder doing their own feasibility study will include this. Everyone here bangs on about copper prices, but ignores extraction costs.
Much of the squabbling issues with Cornerstone we have seemingly overcome was of our own making.
Yes, we are in a slightly better position, but let’s take off the rose tinted specs for a moment. SP is 17p with no buyer in sight, and no alternative plan.

DBW... completely agree. They really need to make future path clearer, as you say, put it in black and white, or the SP is going nowhere. At present, as far as the market is concerned, we are a junior explorer, with many licenses, none of which we are currently exploring, significant daily overheads, and a Tier 1 asset with no tangible plan to monetise it.

Heaven help us if a bid or bids ever do come in. These halfwits would forget to issue an RNS.

Very similar sentiment here Monte.... held since 2011, added several times and sold a lot once. Still hold a significant amount, at an average that isn’t fantastic (fraction over 20p). Think after all this time though, I’ll hold for as long as it takes, but like you, would very much like to see one of those often talked about exit points in 2023. I think we will.