Member Info for ToS1963

He certainly hasn’t explained how we continue exploration and drilling costs without it.

Interesting article here which outlines Ecuador’s historic reluctance to mining, and how it has been gradually changing at least at the political level.

https://www.dissentmagazine.org/online_articles/anti-extractive-politics

Killjoy..... 100% correct.

Many on here, and other boards, sincerely seem to believe the market is being rigged against them. I for one would not entertain investing any of my money were I to hold such a belief. Perhaps I’m naive.

Smickster.... why?

Thanks for the replies and explanations. Confess to being only slightly wiser though, and still (as ever) a little sceptical.
Let’s .... for arguments sake.... say a BHP place for sale a very large block of their holding slightly above the ask. Purportedly to prevent the SP from rising, and yes, that would discourage small time traders. Are we really suggesting a major company would be that concerned about the activities of a few day traders? Why can’t NCM, or the Chinese, just buy them? Don’t BHP run that risk in that scenario? Isn’t that far more likely, and more dangerous to them?
I’m not convinced here. Sounds a bit conspiracy theory like to me.

Bubble.... please explain your last post, as it too makes little sense to me. Thanks.

Ok can someone.... anyone.... explain to me how putting a block of shares on the offer stops the SP from rising? Isn’t it just supply and demand? Therefore, if the demand was there, these blocks would be purchased and the price would rise? What am I missing?

Qali and Colonel. Could you try to explain what this means? In layman’s terms if you can. Why would 412k on the offer (whatever that means) block a price rise? Why wouldn’t somebody interested in Solg just buy these? Genuine question, I’m a bit naive around all this L2 stuff. Try to imagine you’re explaining it to a complete novice! You’ve made a couple of these posts yesterday and today, and I’m a bit baffled by them. Thanks.

Quady... my last post highlighted one possible reason why no bids happened before October. We are only 2 months down the line from that. And I think you meant to say

I have explained many times why (I think) no bid is imminent.

So FTFY.

Any bid launched prior to October would have freed up BHP. Not true anymore though, and still nothing.

Sensibles.... I think you need a closer look at the share price history. No guarantee people who bought more than 3 months ago are up at all, let alone 50%. Depends when they bought in.

For me, there seems to be a lot of focus and effort going into .... in order of priority...corporate governance, bid defence, exploration, and lastly building a mine.
Now I’m not necessarily saying this is the wrong order, but these actions do it appear at odds with the statements being made regarding strategy.
I’d like to see either the board statements on strategy reflected in their actions (I.e. if you’re going to production, bleeding get on with it), or the statements changed to reflect what’s going on (achieving best bid price for all or part for shareholders).
I still don’t buy the going to production story (sorry Quady!)

ToS finishes watching footie and Grand Prix.... pops into Solgold chat to see what’s being discussed..... decides to see if there’s a film on.

Hi DrQu I asked this the other day... the answer, as I suspected, was the percentage of votes cast rather than votes available.

Like most brokers, there’s no charge for voting mine, and I have done so. However, if there was a 0.00045% charge to potentially protect the value of my investment, in this case I’d probably consider it worthwhile.

I’ve got a question on this..... say only 80% of shares are voted. Is a majority considered 50% of the quorum.... I.e.in my example only 40% of the overall shares held.... or does it need to be 50% of the shares in issue to pass a resolution?
I think it’s probably the former, which is why Solg are scuttling around to ensure PI support. Generally, many PIs don’t bother voting. In this context, the BHP/Newcrest/CGP holdings, and combinations thereof,, could be problematic.

Quady... my last post on the subject.... but this is an anonymous forum. Nobody knows (or cares) what anyone’s position, back story, history or lifestyle is like. My grandfather was murdered in cold blood by the SS. The relevance of that to Solgold escapes me. Without wishing to appear insensitive, if you wish to discuss Stalinism, take it elsewhere. No one here cares.

Quady.... if you are going to react, and take so personally, a harmless throw away remark like that you only serve to seriously undermine the efforts most are putting in here to rid ourselves of the one, genuinely offensive character who keeps reappearing. Please try to spot the difference eh?

I still think, as a dark horse, and given the good relations between Chile and Ecuador, that ANTO are an option here. Mines in Chile, run by ANTO, are nearing end of life. They are not world players like BHP or RIO etc, but they are local players.
An ANTO Solg JV would tick a lot of boxes for me.