Member Info for Fortissimo

Scott is Ecuador based now wonder if he flew business class and shared a floppy sandwich with Noboa on the 747. Or did he get a free flight pass on Noboa's jet?

Joking aside... it is odd that both have flown to Canada when they could have met up very easily in Ecuador.

Mmm.

I'm not sure it works that way BBG. I thought the RNS was more desiged to give the Green energy firm a plug ahead of PDAC.

Yes there are benefits in mutual agreements, but I think the green energy firm needs to prove it has project pipeline so it can secure funding to execute upon it. So more PR for the energy firm than SOLG but agree that the fact they are in discussions with these types of firms bodes well.

Ultimately... if the majors are sitting on their hands, then it is going to take a multi consortium style group to take Alpala forwards. Bit of brazillian... bit of chile.. alot of china and a bit of canadian perhaps via PE firm.

It may well end up being a tale of two stories whereby we exit to these type guys and then further down the line... BHP enter into it but end up paying double what they owuld have done had they gone for solg in first place.

That's the idea of it... and BHP and other majors will be well aware of those scenarios.

As we know big miners can be seen as the villians (and often are) so likes of BHP and NMM etc tend to attract issues whether environmentally or just local resistance due to their 'brands' and poor reputations. SOLG is clearly a 'brand' in Ecuador that locals and gov both like. That's testament to the hard work which was pioneered by Mather and his team. CGP had nothing to do with that. So today's news is building on that legacy and building a strong brand which you need when doing Tier1 mining projects as a first mover in regions/countries like Ecuador.

What it does do imho is make a full SOLG sale likely but equally a partnership likely. Both will want to retain the brand SOLG reputation.

So someone either buys the entire business and trades in ecuador under that SOLG brand. Or... they partner up with SOLG and use the SOLG brand. The danger of the latter is tat other work SOLG does on other licence blocks becomes a potential risk to the partner on ENSA if something ugly happened like poor environmental controls on Porvenir or another future producing asset. That's why a total sale ... brand SOLG is more likely as it's the less risky route and the most valuable with 60 off regional licences already in the folio. SOLG's folio is basically the Ecuador Mining cadestre lol!

Well it's certainly showing signs of activity. 3.6m traded in first hour.

Now blatantly evident that this is in play and quite shocking to see the open attacks on the share price.

Someone's really keen on this which bodes well. I'd be more worried if we were at 6p levels and doing 300k traded per day. That would be a major concern.

Looking good here no matter how they try to dent sentiment through sp games. It's looking good asset and Ecuador wise.

According to you post updates in Jan you were buying SOLG at 8.3p levels.

It was a no brainer apparently then.

Did you forget about that?

Yes quite refreshing to see a forward looking partnership plan. I like the brazilian connection as the article from ast year that mentioned SOLG with Chinese and Brazillian interest seems to be coming true. Just need CRRC Tonguan's name to appear soon and we should be back in business. Interestingly, there has been some positive relations with Ecuador and Brazil recently with regard to helping with gangland management. A few more of these rns's and BHP might begin to stir from their slumbering sleep.

Addicknt.

I think Noboa wants a slice first... bit like Llurimagua but without the legal blocks. I wouldn't rule out ENAMI and a number of partners (cough cough) taking a 15% slice and then SOLG gets red tape signed and any future cost commitments (like the $400m+ pre development spend etc or thereabouts) gets dropped. Chinese will be happier if ENAMI have 15% providing it's not a free carry.

Noses in troughs need to be sorted before you get the final red tape stuff.... you know how it works. Ugly stuff but that's money and mining inc politics for you in south america or anywhere in the world to be honest.

Too much money to be made here and when you look at the big issues on Llurimagua... I'd say Noboa will have a few shouting in his ear that he needs to get this one (Alpala) through.

Trouble is, we seem to have 'funds' or fund managers actively reducing SOLG stock month upon month and month end seems to be their favourite. You see.... the trouble is... when they've done well in the month, they then seek to close off losing positions so they keep the fund returns targeted to their performance goals while also reducing losses. When SOLG was in the mid 20's it was more inline with most Funds average holding positions hence their was no advantage in selling stock.

Of course, as witnessed by yestersdays whopping 75m volume... there are fund managers or buyers mopping up stock. For instance, Blackrock sold out long ago and had sub 10m shares late last year. They exited around 19p ave levels at a loss. The second headache for Bob and co is that buyers are able to get hold of 2% to 3%+ of stock at these low levels. Who would have thought it possible? It's ok to give the little pi's a bit of a nibble on low volume of 2m or 3m as it's peanuts. But when you see almost 5% of the company bought up in the 6p to 7p range... that's a concern. Especially when you have 157m shares you might want to place. 75m of stock got rinsed at 6p lows yesterday... so suddenly any ideas of offloading those 157m shares at 16p again seems hard to believe. Any party wanting stock just has to do nothing and just wait for another fund manager or a few to offload another 40m+ of stock.

This is what happens when you have a management team that think going 'quiet' and moth balling the business is a good idea. It clearly isn't and they need to get this ship turned around fast before someone snaffles 10% of the business for just £20m.

That would make sense... the 2 or 3 days that we had a strong SP performance was when the US markets were closed for holidays and over xmas period. It was pretty clear a while ago that the seller was US based. I did highlight this but couldn't be sure.

Whoever it was, they were out to cause damage. Make no doubt about that. So if the teachers fund involved, we know they were grumpy pre AGM.

The fact is, market participants of institutional level know the damage that can be done with heavy and careless selling. We saw the same by Berry Street a while back.

So in space of short period of time, we've had a decent 150m+ shares sold through in the market by sellers that couldn't give a toffie what price they went at.

Be interesting to know who took the 40m block. That's 1.3%. If doubt it was valuestone or the chinese as seems like they are barred from buying in open market while under NDA's.

Might be Norges. Whoever bagged the 40m block got a steal at low 6's. Insane absolutely insane!

If the mm's have take a few... welll... they'll be pricing it up tomorrow to drop them into new hands at a tidy profit.

holly bad****tt

if that's the main reason for the share slide.... we should be bouncing back hard.

that looks like the seller cleared at long last.

I do hope they don't issue the technical report on April 1st. When the report shows multi billions worth of resources, I fear the markets will just think someone is fooling around.

The market is happy to price crypto's at ridiculous levels yet can't be bothered with gold or copper lol!

In this market, they could set up an ETF focussed on chocolate fireguards.

What ever happened to the financial markets? Where did it all wrong? Lehman's was the height of it and it's never been the same since.

Scott meeting Noboa... that sounds great. Hopefully no banana skins there... sorry... had to say it.

ENAMI and Chinese to take Alpala forwards... with Noboa and his buddies knee deep in stock lol! ENAMI get a % wedge and drop $400m spend requirement. Oh... loads of ways of make money out of this one... Bob must be in his element. How about issuing 157m shares to Maxit and co for 10p Bob?

When's the next AGM lol!

That's old news. The journo has updated it since Jan.

Here you go.

Https://news.sky.com/story/how-ecuador-governor-turned-no-go-zone-city-around-in-just-26-days-13082294

What's not to like? Well, the fact that the majority of the illegal drug trading community own Bitcoin due to it's off grid advantages tells you alot about the ponzi scheme that you are betting on.

But markets these days are no better than fruit machines... so you may as well place your coins in and spin.

Bit coin has to be the most laughable thing invented in the 21st century. It has zero value. Gold will always be the age old definition of value.

A royalty deal or a sale or something has to happen before end of March for accounts purposes imho. Auditors will not sign off accounts without a clear idea on funding for next 6 to 12 months. With under $10m cash balance (as of now) and with over $6m licence committments (regionals), they won't get accounts signed off nor will they get past TSX rules and obligations.

So something is coming and very soon and today's news is just some governance stuff imho before cash is handed over or a deal signed.

There's just over 4 weeks left until March end/ q1 ends.

The house broker expects something to be done and dusted based on that 6 month target (or 4 month).

My guess would be a royalty deal with chinese as one part of funding if it is required. That's essentially non damaging to Chinese if future owners but also rewarding if they loose out to BHP or another as will carry a buy back clause at a premium.

Something has been afoot for the last 12 months... but due to the dwindling cash pile... I think it's what they call... 'coming to a head'... something the green line crew know all about lol!

Bob's shown a card or two in that RNS... if it was a game of poker... he's winding the other players up a notch.

The game still remains the same... until someone shows their full hand... no one is going to move. Trouble is... if some playes leave it too late... it might be too late to counter and all could be sewn up.

Remember... issuing royalty deals to businesses that are ineffect Chinese... is a bit like a chinese loan to themselves. That's where Bob can hurt BHP but smooth the way for Chinese. Royalty deals for the chinese does not diminish the asset attraction at all.

Well, one thing is sure... that explains why Valuestone and Jiangxi have not been actively buying in the open market.

It would be insider dealing on basis of Mr Lui in talks with SOLG and now on the Board.

I did think they must be locked into NDA's and as such can't actively buy like they did pre CGP merger completion... where they added 1%+ in open market at levels near 18p.

Porvenir was in the top 20 discoveries world wide.

Is it my imagination or did we just appoint a person from the chinese state to our board.

Who's going say it... I may as well....

You really don't won't to be out of this one. FOMO rules. Warning... some irrelevant green lines will follow when it wakes up from their bedsit!

157m shares going to Valuestone at 16p? Or are we about to see a deal done on Porvenir and Mr Joseland is apparently there to make us all feel that it's been fairly discussed amongst the board lol!

Well... something is happening at last.