Member Info for Fortissimo

Since CGP boys took over it's all been about 'getting out' for them.

The insiders have made a cheap offer more profitable for them by gaining more of a stake.

1. CGP merger with SOLG boosted their shareholding % when they previously had a pi55y 15% stake in ENSA and 6% SOLG equity holding. They gave the 6% to the Chinese for 9p a share.

2. Mather has feathered his nest from what I can see diluting DGR retail investors yet retaining or growing his share on the cheap.

3. BoD's have gained cheap options.

Over the last 2 years+ they have instigated this from letting the sp collapse on no activity / drilling to using Scott the rocks incompetence to run down cash reserves etc.

Dan is not new... he's been there 2 years+ already.

This has all been by design so they can get out of the stock.

If Dan fails to issue a PFS update, CIPA and more TAM results, then you'll know for sure that they and Him do not want to scupper this Chinese deal. It means they won't get their options had outs... their big pay day. Just watch... they will not be defending this imho. Look at Anglo Asian (AAL) their board has got 2 decent news updates out in defence of their unwanted takeover.

We've had nothing and that MRE on TAM was rushed and lacked details. Hole 77 and TAM west still not known to shareholders.

Time to hold the to account. Time to get active. Time to block this pony chinese deal. And time to adjust those AGM votes!

Our BoD's have done nothing (yet) to counter this low ball offer. And FWIIW... I don't think they plan to either. They want it as Bob wants out. He sold bulk of his shares to BHP for 25p years ago. He doesn't give a foook about anything apart from himself. Getting 28p is a result for him.

And Noboa

https://www.presidencia.gob.ec/contacto/

Don't let chinese walk away with this for peanuts

Https://www.whitehouse.gov/contact/

Might not make much difference... but if everyone gets messages to TRUMP/US and NOBOA objecting to the Chinese effectively getting hold of what will be almost 10% of the copper market when Cascabel gets producing etc not to mention another 2 or 3 tier 1 mines waiting in the folio. Lets block it. And then our BoD's will have to properly earn their options by getting TAM sorted and ready for production and ExploreCo floated off.

Truth social... all the US channels. This can't happen under TRUMPS nose and if it does what does it say about TRUMP?

If the Chinese had played ball and offered something in the 50's or 60's... which still would have been cheap and I would be doing the complete opposite! But they didn't ... they went cheap and now it's 'block' it time. Do whatever you can.

Xxck off!

What a surprise ... not.

There to suppress the price and now they have done their work for their paymasters... they close out. So it cost them a few million but gained them an asset at 28p. Probably lost them 3million but saved the £1bln. That's the way to do it with the easy to fiddle markets with toothless FCA. To55ers.

Just end of the week stuff. PM's always ease off a bit after LSE close.

Silver getting sliced too.

Just think, if this Chinese tosh had never happened, we'd be 26p+ or higher by now based on TAM MRE news and what's to come. Instead it feels like Cascabel is a pony asset and 2 of our major shareholders don't give a t055 anymore and our management team are tired and ready to follow Scott the rocks mentality which is anything higher than their xxcking option strike price is a result for them.

The chinese knew what they were doing and they've killed the sentiment near term. They probably know they are going to get told NO by Noboa and co so thought they would disrupt everything here. Like toys out of the pram.

That Mr Lui needs booting pronto.

Solaris tanking a bit today when it would be rising with high metal price gains today.

This is why this cheap deal can't happen. Noboa would be shooting himself in the foot. He'd upset US ties. And he'll devalued Ecuador mining as a whole if he allows this to go through.

Can't happen imho. Yes he wants Cascabel moving but lets face it, this deal makes the Chinese the biggest player in Ecuador when it comes to mining. It essentially says to Trump and his american mates who recently signed a key agreement with Noboa/Ecuador... that Ecuador see the Chinese as better partners.

The deal is dead in the water and it's damaging to the Ecuador mining sector. I think Mather et al were banking on BHP kicking off bidding war. And when the latter folded and gave up, they were left with a shabby Chinese offer that is not even formal and likely to be blocked by Trump and co.

It looks like we are going it alone and whe the dust settles, we'll be back to TAM results, and back to derisking the asset and looking at ExploreCo spin out. The latter could be very exciting.

Damers... it's clear some are jumping ship because they think the Chinese bid will get blocked due to politics... and they learned today that BHP, NEM and the bulk of the insiders want out.... at 28p. That's a bit desperate and undervalues the company. Hence why are they desperate when things are so bright now??

Nothing formal has been made and my guess is that the chinese will have talks with Noboa first before making the bid formal or pulling out completely.

If the latter happens, then of course the share price will dip (as it has done today) but based on news flow and future being bright, it shouldn't take that long for SOLG to bounce back again. Then get ExploreCo sorted and so on. Might be a bit of a reset as market absorbs the fact that BHP no longer in picture. SP could see the teens again if the deal/Chinese gets blocked. And then it's rebuild time and off we go again.

Chinese are not getting this ... Noboa would get slaughtered by Trump if he agreed it especially after signing that treaty deal.

Going to be a rocky period over next few weeks but Q2 next year should be back to normal and there's always a chance of another competitor bid coming although I think they'll wait and see if the deal gets blocked first or Chinese pull out.

If Chinese do pull out... it will be because of the politics eg Trump Noboa and nothing to do with the asset imho.

Eloro... looks like you mate Irwin didn't have 40m shares afteral... or he did but sold enough to drop under 1%.

I don't think this is a done deal. I think it will get blocked by Noboa/Trump. Then BHP will step in and help shareholders out with an offer at 28p lol!

Ultimately Noboa has teh power here as SOLG still don't have the CIPA.

I'm beginning to wonder whether BHP know something we don't... could Noboa block this based on his Trump matey relationship?

Then BHP can swoop in and nick for 28p as that price already recommended by the board and Chinese know they are not wanted.

I can't believe an asset of such strategic importance could be allowed to go cheap for one... and for two... go to the chinese.

They might all be testing the water??

Noboa needs Cascabel moving... but my guess is that trump won't be very happy with him if the number 1 player in Ecuador is Chinese!!!!!

I think it will get blocked.

That's a huge entry point gained in South America. Opportunity to be company defining for a mid tier miner.

Another bidder will come forward... has to... otherwise it's opportunity of a lifetime for some in sector just gone to Chinese again.

One whiff of a counter offer from someone that has waited patiently in shadows could have this opening up at 30P+ on Monday.

The rumour mill / media press hasn't even got started yet.

There's no way the chinese are going to walk away from this one regardless of their games outing BHP... although the latter might be playing them at their own game. All cat and mouse still. Nothing formal made.

Doesn't matter... at end of the day the 'game' was about teasing BHP out. When they folded... it was game over.

Still a chance someone else comes in as market has changed alot over last 2 years and many miners are keen on acquisitions.

At under £1bln, SOLG is a steal and some might be thinking... this is their chance. It's company transforming.

What's the worst can happen... ? Chinese up their bid to a level where you walk away. But you'll never look back and feel you let something slip if you don't try. At £1bln levels, even mid tier miners can get stuck in with offers. Doesn't have to be super majors.

Perhaps our BoD's know (off record) that someone else is coming in with a bid and soon?

Yes! All are voted down.

Perhaps they went with the bid so they could secure Scott's nice pay out before he got booted lol!

Addicknt.... pretty obvious... Jiaxgni have NEM and BHP on board with 28p offer.

What would you do as a BoD if that news landed on your desk? Fight it?

I disagree on that. Whilst I am annoyed at our BoD's... they are not the ones that are selling out cheap. It's BHP and NEM that have agreed to it. That's where the damage has been done. When your top 3 shareholders have agreed to 28p a share.... I'm afraid as a BoD... you have to go with it.

Also... by agreeing to it, they openly are inviting counter bids. If the asset is so great... then other buyers will be forced to appear. And if they don't... then as sad as it is... the 28p share offer is indeed the best.

If I were Solaris Shareholder, I'd be looking at this proposed deal, looking at their £1bln market cap and thinking ... we're worth £300m! Help!!! or... I'm selling.

There are comparables all over the place that show it's a bonkers cheap offer... but BoD have no choice. Chinese would hold 34%ish even if bid fails assuming NEM and BHP sell out to them. After that... it's a process of diluting and pushing shareholders around as 34% allows them to dictate alot.

So now is the time to counter offer... but here we are in xmas season and most M&A guru's already heading off for holidays.

Have to say... Chinese have played a blinder and been given a big helping hand by our Board. Doesn't smell very good. Dan might be spending his profits on fighting litigation from some disgruntles investors in the future... but that's just a guess.

Main reaction today is to the fact that BHP are no longer interested.

That's why the sp is under pressure... that and the fact some exit at a discount because they have too... loaned stock T trades, spread bets etc etc. Some are forced sellers.

Addicknt, agree... but I've never known a super major miner to say they are interested in bidding if asked lol!

Paul may have tapped up many other firms... but no one plays their hand until they see a bid landed.

Too many large miners out there need an asset like this. And lets face it, some could pay double what chinese are offering and then simply JV it out and get bulk of their money back.

Another bid will come and I think Mather, et al know this. The Chinese won't get it for 28p imho.

Where are the results from hole 77 Dan?

Where are the plans for the ExploreCO?

Where is the updated PFS on metal prices?

Where is the latest batch of assays from TAM?

And where is that CIPA Dan?

Shareholders are not being given an UP-TO-DATE report on the business. Information is being with-held. That goes against market rules.