Member Info for WoodyB

In hindsight, if the news was on the Solgold website or tweet my point 1 is not correct. Although should they not have issued an RNS?

Well some things are clear unfortunately (1) Solgold Board think it is better to give a material update on their time lines to attendees at a conference rather than us shareholders (2) we shareholders cannot rely on their projections.

Thank you. I think the public interface is so important. What do they have to lose by updating, it could not possibly affect the mining prospects or even finance or sale negotiations.

I agree. The overall outlook is positive, however Solgold should be managing expectations. It is not hard to do and if you don't, it just causes mistrust and anxiety. A simple statement confirming the new time estimates would suffice. If they do not do it, all credibility on their calendar briefs is lost. It beggars belief they cannot see this.

Let's hope that MRE comes through, or is this another missed target date? It would be a real kick in the Christmas nuts if that half baked RNS a week or two back was the last of the year.

Thank you for posting those extracts.

Morning Zoros, FYI Anna told me at the beginning of October that the monthly spend was circa $6m. Since then I understand they have cut down on this but I do not have a current estimate. It sounds like there is probably now 3-6 months of funds available, so there is a little more time to play with but clearly material funding or an offer are needed asap.

That sounds good to me, bring it on!

thank you and you!

Many thanks for a civil reply! This board can seem like a McCarthyite Witch Hunt from time to time...

Thanks for that, where is there evidence that we have reined in the costs please? The posts earlier this week on here still refer to employees of 550-700, or have they been retained and drilling stopped?

Thanks for that it would be nice to know from the Board, what the current spend has been reduced to, I shall email NM.

okay thanks I shall read tonight, unless anyone has time to cut and paste changes to expenditure.

Hi Smickster I have not had time to read today's updates in detail, what changes have been made to the monthly expenditure to verify that? Anna told me the spend was $6m per month at the beginning of October. Best wishes.

Hopefully, but the PR is crap.

I agree, announcements like this without a corresponding explanation of the new strategy are bound to be treated with caution by the market. What are they playing at? Even if they have to bluff it they should come out with some statement. BTW without urgent short term funding nothing is assured.

He's the fat bloke from Thomas The Tank Engine, I wouldn't mess with him.

Yes at last something must be imminent even though NM has stopped saying it.

Either that or he is bluffing and preying someone stumps up some cashflow. In the first week of October we had circa $22m in the bank with a monthly spend of £$6m, figures from Anna. This is going to get resolved one way or another before Xmas.

Thank you for posting that Coldcut