Member Info for zoros

res1 - accept financial statements - in favour

Turn out of 80% of all shareholder votes.

ICE - do u think thats xmas music. Sounds like my 5 yr old rehearsing on the electric piano!!
Z

mwv1, try this instead, re GGP:

Initial MRE 4.2m oz au eq x $250 in ground divided x 4bn shares = $0.2625= £0.21 divided 30% = c7p

176,000 sq m x 1000m deep x 2.75sg x 0.75g/t =11.672m oz
AuEq= Au oz +1.65%Cu
AuEQ= 11.672 + 7.986 = 19.558m oz au eq
x $250 = $1.23 = £ 0.91p = c36p gold in ground price.
Which is where we are, or will be sometime soon.
Z

Thanks Quady. Are you staying the distance (to production) to reap the riches then, or what?
4 years short of your 70th birthday by then........will you need millions?
Might it be better to enjoy the reduced benefits .say in a years time instead at perhaps, let's pluck a figure out of the air....75p a share because of a sell out by solg earning you some serious wonga but not millions, yet you will only be 60? Still young enough to run off with the neighbour and start afresh ;)
Time IS money.....same currency perhaps....
Z

Hi Quades, how goes it?
Can I be so rude to ask how old you'll be in 2027?
Z

Newtoit - yes! Your first post that makes any sense...well done that man. Bravo!
Z

;)

Probably a 'non event'. All resolutions passed....NM will mention 'shock and awe' and 'Title is Vital' and decree the meeting closed.........next?

I've still ordered my popcorn and seat anyway.
See you @ 11am tomorrow.

heh heh heh.
Z

Novochoc - you only ever come on here to criticise or berate. How many years u been doing this now? When will you grow up? A sad old man popping out of the woodwork once a week having a pop and then back where you came from.
Please do your best to contribute something constructive instead of "It'll be 55p by friday" a thousand times or similar stocking fillers.

Z

Hi Bubbles (sounds kinky).
I won't dwell on GGP on this BB...too many sharks about...but...quickly to answer your post...
IMO - GGP will sell their share to NCM when the time comes.
Chinese???? In Aussie.......excatly!
Ecuador a better environment than Aussie.....erm...let me think about that for 1 second....NO.

Let me quote you what was said by a fund manager just today about GGP:
"......Quality gold assets in environmentally palatable locations with politically stable conditions and readily available infrastructure are very rare indeed. Greatland is all these things and only now are investors beginning to understand the extent of its resources........
.....despite the 28,000% increase in the company's share price over the last 5 years - one of the most dramatic rises in the history of the UK's stock market ....it appears Greatland will enlarge substantially from here, irrespective of gold price rises.........."

I think the first sentence answers most of your queries Bubbles..
Best
Z

Hi Tudorjon - I can't disclose that sort of info publically - it would be irresponsible of me, even though that info might seem fairly low key, it is good housekeeping especially for those who have little or no understanding of the LTA rules / fixed protection etc etc.
If you do your own self assessment returns and have a basic grasp of tax laws as a 'high net worth' individual, then you will already have a good grasp of maxing out your sipp.
Tiggerman says it all - if it is advice you want please speak to an accountant/IFA/wealth manager.
I am simply providing some little 'nuggets' of info my accountant provided for me whilst completing my tax returns ready for end of Jan! Nothing more nothing less. But it needs to be personal and away from public BB's!!
I'll respond to those who email me.
Best
Z

mather - Calm down FFS.
NM isn't jesus. He a normal 60 yr old bloke who has run middle of the road businesses very well, no doubt. But he is now out of his depth. I am in a position to invest in start ups amongst other things. I have seen CEO's come and go. I am guided by the experts I call on to assist in the recruitment process. I am telling you now, that NM is at a stage (a very honourable stage having brought us this far) where he needs to concede to changes if Solg is to be at the head of a multi billion dollar company. It requires different thinking skills which only a certain calibre have @ CEO level. The longer he stays the harder it will become for him to hold it together. He is NOT superhuman. He must think about Solg first and foremost....not his ideology of becoming another "Twiggy" @ Fortescue Metals.

Please try and talk normally...try not to let emotion cloud your comments, it doesn't suit you or this BB.
Z

Here - 2 x 500mg paracetamol.
1. IF there is an internal struggle going on at the top...I would prefer if he stayed. Better the devil etc etc. BUT in the long term..I don't care if he goes (prefer it actually) from Sol and replaces himself by someone the Solg board want (not CCP et al).
2. I want my shareholder returns maximised ASAP. Either sell up in the next 12 months or show signs that the mine @ Alpala is fully paid for and will be constructed by 2023.

NM has now shown all of us that he cannot keep to his word when he mentions time lines. Ergo - when he mentions production in 2025...I know.........I just know he is lying like a hairy egg (again) and production will continue to slide right for years.

You listening in on Thursday?
Z

I spotted a post mentioning SIPP's...paddy's I think?
For those on here who are finding that their SIPPs have gone beserk......I might have some little nuggets for you if you haven't sorted your tax issues out yet!
Rather than waste air time here...should anyone want free info (which I paid my accountant to do!), let me know: zoros@mail.com.
Z

I spotted a post earlier where he was concerned about the scally results:
GH and SD have a very very good idea what the assays will be like. They have their own geologists and are very aware that they have something. They have planned this morning broadcast to fit in nicely with the assay resultys in the next few days which will help shaun enormously. If scally was a duster... it would not have been sent for assaying and it would have had to be officially reported. I am expecting above average to good results going fwd.

Starting with Scally, Shaun will be preparing 2021:
As the decline progresses. mining updates will qualify the resource. Income will be generated!
Jan 28th - NCM quarterly.
MRE 2 and MRE 3 from the extended breccias and North Crescent.
Rudall update.
Possible GDX entry.
Scally MMRE
Hav PFS
Possible NCM bid (shauns focus???)

Not forgetting the known unknowns!
Z

event not even...doh!

Afternoon Quades. Hope you are well. I see something of an 'even' is happening in the sky at night on the 21st Dec......

Meanwhile back on terra firma.....In response to your hurting head:

I have voted in favour of all the resolutions except NM's pay rise...he doesn't deserve a penny more until he produces more concrete (or copper) results!
What I was saying in my post was that I support him at this juncture, because the opposition may cause terminal damage and break the conglomerate up (IE: CGP).
What I would like in the real world after the AGM is for NM to stand down and hand over tyo a nother equivalent of Saun Day to allow Solg to merge or be acquired into an arrangement which can handle "possibly" one of the biggest finds this last century.
NM in the grand scheme of things is not the "right stuff" anymore. He is past his shelf life regarding Cascabel Ecuador. He has prepared the way, now we need someone who can guide us along its tortuous twists and turns to maximise shareholder returns. We don't need an Ecuadorian messiah who brings hope and hanging baskets to ecuador, we need a large scale industrialist who will turn Ecuador into a mining mecca.
[But I won't shed any tears if NM loses his job @ the AGM].
Z

Bamps / Jerry / TomE and others have said what I was going to say...thanks.
GH - big thanks from me for your stewardship thus far.
SD - welcome aboard and full power to your M and A plans.

GGP is not a miner, GH is not a miner. SD is not a miner.
This company is a progressive dynamic flexible discoverer and explorer. It may well move fwd as a junior partner @ Hav but NCM will manage the whole process.
GGP have other plans.
I love their strategies.....clean, efficient, effective....no loose ends. The BoD decision fuelled by GH is another example of ruthless efficiency. Very well done and a pleasure to be a part of their dream.
There is no way on gods earth that GH handed over a box of crock to SD, vis a vie...Scally. The RNS will be a christmasd present from GH to SD.....and of course to us.
Can't wait.

Great news today.
Z

As a Solg and GGP PI, I really do believe there are synergies between the two apart from the fact that GGP's MCap is growing bigger than Solg's daily!
The main inference I have gleaned is that the master plan' @ GGP, is something that is needed here @ Solg.
The outgoing CEO @ GGP recognises that the project is getting too big for him to manage efficiently and recognises his limits. He has done wonders for GGP and catapulted the comapny and its shareholders to previously undreamt of levels. He now needs to handover to someone who can elevate it to the next level and in this instance to the M and A level.

I believe the same is needed @ Solg. NM has brought his company to this level...but it is stagnating. NM has multiple targets within his grasp, many of which will do very well.....it's becoming too big for him and his level of experience. Yes he has been successful in the past but nothing he has done will prepare him for taking this empire forward efficiently. He needs to stand down and invite an equivalent Shaun Day to take Solg to where it needs to be.
IF as some are saying, the majors /chinese are coming...NM could easily find himself floundering as he is jostled amongst them.
Move over Nm..........give Solg a chance to breathe and grow now.....into the next stage.
Z

ICE - thanks for the link - appreciated. Looked at it about 6 months ago whilst trying to determine a rough gold in the ground figure but realised there are too many variables to get an accurate figure.
Have you come to any sort of figure overall that is worthy of any calculations for Solg?
Z