Member Info for ToS1963

Red knight... I’ve been keeping copies pf that Gantt to monitor progress as well, as they started removing previous presentations. So now they just omit it altogether, once again leaving shareholders in the dark. They must think the market is stupid. Just treating us, and all investors, with complete contempt.

ByronBG you said “huge hints in today’s RNS”. That’s just it though isn’t it? No decent company would “hint” at anything so crucial. It’s either true or not. Hinting in an RNS is a red flag to me. If they had something positive to tell the market, they’d spell it out.

Small world.... I thought that, but if true, the RNS doesn’t exactly spell it out for the market does it? And if not, why not?

Darren..... do some research, then post again.

Well sadly not a surprise, I nd others saw this coming. It’s just Solg being true to form and demonstrating yet again that they don’t have the knowledge, expertise or experience in house to go this alone. Worst part of it for me is the constant misleading of shareholders and the market to this point. I wouldn’t be surprised to see the new government take a more intrusive stance here. These licenses won’t last forever, and any government, assuming it’s supportive of extraction industry, will want to see more tangible progress towards production than Solgold have demonstrated to date. Don’t necessarily think it’s bad news, or the wrong thing to do, but it’s bad for me, and I suspect many other PI’s. Fully expect yet another raise at not too far north of 20p. Was rather hoping that we would be well beyond 30p when next dilution was required. Funnily enough though, I find myself more sanguine than angry. These are getting put away in the far corner of my SIPP and forgotten about, with thoughts of what might have been. The camper van will be a cheaper version of what I truly wanted, and any Ecuadorean bonanza will be enjoyed by my kids and grandkids. Unless there’s a takeout. Which I’d bet against right now.

Nothing to add to Zoros and Ortherncopper posts. They’ve said it all. I’ll be out at similar levels, if we ever get there, but probably leaving a wee bit on the table for old times sake.

https://www.bloomberg.com/news/articles/2021-02-04/proposal-to-ban-big-mines-is-put-to-a-vote-in-southern-ecuador

Monte, I think this might be wave 326578.

BBG... latest presentation had it end of Q1, and given their track record, I’d be astonished if it wasn’t late, so I’m not holding my breath for March 31st, let alone February.

Newtoit.....
In the 2017 annual report we were ‘a Brisbane based exploration company’
In 2018 and 2019 we were ‘a leading exploration company’
However by the time of the 2020 annual report, we were now ‘an emerging copper and gold major’

So that’s us told. Because it’s in print. And other than a few board appointments, I can’t see what tangible changes we’ve made to the organisation structure which would facilitate this change of direction. Seems the market agrees.

Actually Novice, I’ve had a good run recently. Given my age, I’ve been gradually moving most of my ‘speculative’ stocks into large cap dividend paying stuff, which I intend to provide income from. My only remaining 2 which I’m looking to sell as soon as I deem it right are Solg.... which I may have to wait a good while for (average 22p, was initially and stupidly caught on a spike) and DEV where my average is 5.6p. The recent great rise in the latter has allowed me to topslice twice, and the resultant cash will fund the Camper should Solg fail to deliver. If I’m honest, some of my feelings here are probably down to annoyance at my own misjudgement 10 or so years ago. Over time I’ve managed to turn that around by averaging down, but Lordy lord, it’s been.... and still is..... a frustrating ride. GL.

Novice... no McLaren showing in mine, I get shown a much desired camper van. Whether that reflects my search history, or that my Solg holding is inferior to yours, who knows! I’ll be buying a camper van this year if Covid settles down, but don’t think Solg will be paying for it at this rate. I’ve been regularly accused of being downbeat on here, so will try to stay positive with this thought.... perhaps our holdings are similar, and i need less of a hike in the SP to reach my target! Good luck, whatever your aims are.

The company strategy... which is published in the annual report, was subtly changed from explorer to explorer and emerging producer in the annual report a few years back. Can’t remember the exact wording, or which year it was, but that’s when this all started.

The sun came up yesterday.
The sun came up this morning.
The sun will come up tomorrow.

Two of these statements are facts, and no matter how likely, one is not.

I have an opinion it will be a JV. Failing that, I have an opinion it will be sold, either in total or part. You have an opinion it will go to production under sole Solgold control. These are all opinions. None of them are facts.

In the near future.
Do one.

When I was young, I once said my Dad was an astronaut. He wasn’t by the way.

Hear you Monte, but Glen hasn’t lost 20% of its value in 3 weeks. Under such circumstances, I would expect a statement from the board. This isn’t AIM. Frankly, it’s shocking how the asolg board treats shareholders.

Happy.... I think this is oversold, and came in recently, but what do you see in the fundamentals that make you believe this could 14 bag within 3 years? Seriously?

What I’d like is a BHP mixture of shares and cash offer.... say 1 BHP share for every 100 Solg, plus 25p. Or more! That suits my personal goals very well; gives me my Solg investment back plus some in cash, and allows me to continue to benefit from what the future holds in Ecuador, whilst benefiting from a steady dividend. This would assuage any annoyance over not getting fair value from an all cash bid. Obvs I’d like a bidding war and a much higher price, but there we’ve all been hoping for that for long enough with no sign of it materialising.