Member Info for Fortissimo

Interesting chinese connection. Shows their keen interest on mining in Ecuador nevermind Noboa.

Bodes well. How close are some of our assets to warintza?

Bid getting smashed down now... just at same time bananas spiked. Possible correlation due to Ecuador connection??

Just noticed the bid just dropped after you stuck me on filter!

Oh no... doesn't bode well. Quick unfilter me and see if the bid goes up!?

Smart move red.

ATB

My dog farted just about the same time as the bid/ask popping on SOLG today. Shall I correlate that?

A crow just crapped on my DB11... just before SOLG spiked...

I think I've opened the bb up to abuse now. Sorry!

I think you need to take a breather. You are correlating a £15k trade with PoG's move through $2000oz on a company that has a £260m+ market cap?

Sorry red, i'm not sure what on earth you are on about?

You've been told they are working toward a lower Capex (by Scott) so it enables a phased approach and more interested parties to participate in potential fund talks. Some interested parties just can't make $2bln capex work. So to get more interested folk in the room... the lower capex plans make sense. But ultimately it may well result in a larger player gazumping and taking the lot on and doing their own pfs based on deeper pockets and better scale.

Red, you can't align every movement in SOLG's sp with Gold just because of the timing. SOLG's shareprice is at levels whereby we have seen greater than normal volume, more volatility driven by liquidity and it's pretty much expected to see more pronounced moves when at multi year lows and off back of a 1.5% holder dumping stock heavy handed.

The volume today looks weak compared to past days so my guess on why the Ask moved higher and the bid gradually nudge up is likely down to off book deal or something that will get printed in after hours. Watch out for a large trade printed at 9.5p level or higher. being Friday... the mm's might print it early in normal trading hours or they might print it on Monday.. they have 2 to 3 days to post large trades based on LSE rules. Just a hunch of course...!

Red, I'm not knocking your reference to gold in terms of value/SOLG resources, I'm just saying the market doesn't correlate direct to SOLG and understandable as BoD's have not given market any insight into how they are going to fund and extract it along with timelines. Even by the time SOLG gets 100koz out, PoG could be $1300oz again. Or conversely it could be $3000oz.

If they released a downsized PFS tomorrow, they would have to use PoG benchmark pricing which is considerably lower than $2000oz. I think they could gain 10% uplift and go with $1850oz and that might offset the inflation data feeds but it's still nigh impossible to get a sensible read when you have interest rates at 5%+.

They need to get capex down to $1bln... for phase 1 mine plan....and deliver an IRR of above 25%+ for a 5 to 6 year mine life phase one project. Ideally nearer 30%. PoG price helps but merely as an offset for rising prices elsewhere.

There is virtually zero correlation with PoG and SOLG. That's proven by the $170oz increase or 10% in PoG vs SOLG's near 40% decline in same period.

You might get some gold trackers nibbling but the weights are usually focused on producers foremost.

The Irony is, if SOLG announced a side hustle... to Alpala like a 150koz open pit shallow 4 to 5 year mine life project on Tandy... well... that would be worth £500m+ based on a modest $100m to $150m capex.

When you have a market cap at near 10% of your main asset value, it's sometimes worth breaking it down into tiny pieces so the rather ignorant market can understand it. SOLGOLD is seen as a copper player. It's not had much affinity with gold and silver even though it has probably the largest resource of any Gold producer on market that is sub £1bln market cap.

The Artisinal miners (illegal) are making more money out of Alpala right now than SOLG shareholders.

Doesn't matter what the market thinks... what matters is what future partners or buyers of the asset thinks. They won't be buying your shares off you to tuck away in a draw somewhere or to day trade... they will be buying your shares (if a buyer and not partner involved) so they gain control of the company and the asset. It's the asset they want... but to get it.. they need your shares.

Not rocket science... so doesn't matter what market thinks... as market changes its mind every second of the day.

Well... if the government are involved then that might mean a deal with ENAMI and Codelco or something that allows both to save some face or one ot exit from one project but enter another etc etc. Most folk know the situation around Llurimagua right now and we also know that the new President has a stake too. Mmm.

Perhaps someone in high office as said ... erm... you're upsetting some of our potential partners with this talk of a sale.

Tier1 mines attract big money players. Not minnows. Remember that. And that includes nationals.

Lithium is 72% down yoy so guess she is bottom picking. Know anything else that is over 72% down yoy?? She does like a bargain.

Like I said... perhaps they are happy we are down here in the 9's?

Lets face it, they've done zero to get the sp moving apart from filling their director pockets with cheap shares.

I haven't read any articles coming out of Ecuador or South America for that matter that have made any sense. Most is eithe rlost in translation or poor rehashes of RNS's that have been released.

That said... you have to remember that various individuals in Ecuador ... mainly land owners and artisinal miners are all keen to negotiate strong terms on land purchases so if they think SOLG is being SOLD to BHP or another... they'll sit on hands and wait for higher price.

Anyone chatted with Gina R recently? I know she's got a keen interest and seems to be very quiet right now. Mmm.

Based on BSC's exit, it's possible that 50m shares got washed through market. Volume as you say has been high so looks like BSC are done now but often there's a small period of overhang where some tidy is required. I reckon the SP was trashed from around 13.5p levels, so quite remarkable to see it test the 7's based on a forced seller of no more than 1.4% holding. Need to account for traders and the overleveraged too as often they are victims to a large seller as get caught on wrong side of it. That compounds things further.

Yesterday, Morningstar data showed almost zero movements across fund managers and ii's on SOLG in month of October. So it appears it was all down to BSC. However, there are some II's not on that data like Norges and due to the fact they are sub 3% notifiable interest... it's hard to tell whether they too have been selling. That's the only real large unknown holder out there as far as I can see. They were active buyers when the price was 35p last year, so selling at these levels makes little sense especially when this story looks odds on to end very soon with a transaction or deal of some sort. They may as well hang in there.

The weird one is the XIB short. BSC unexpected heavy handed selling surely offered them a fab chance to buy back 15m shares and bank a whopping 12p+ a share. Instead, they have stayed put unless of course they have failed to update market on short position. That happens more often than you think these days.

You're a kind man. When they think they have no audience.. they move on and start to address the true source of their anger which ultimately starts with taking responsibility for their own actions and not blaming others.

Addicknt,

never unfilter posters... it's like the signs on zoo's that say to visitors ... do not enter the cage... do not feed the animals... yet youtube is full of video's of people ending up in zoo cages and having their hands bitten off.

I thought you were smart enough to realise that.

They crave a response. They literally bash their hands on their heads and scream like babaies when no one responds to them. They then rant more and more craving attention and wanting someone to interact with them. If you filter and ignore etc then they end up going away but usually they create a new alias and try again unfortunately.

You are doing them a favour by filtering them as they clearly need help with mental health. These BB's make them feel empowered and just fuel their illness.

Be kind... put them in the bid for their own sakes.

Share prices can go anywhere... as the market doesn't appear to care much about asset values until it's forced to. We know the story of Noront... market rated the assets at 21cents. The market was correct of course until proven wrong which is the mantra it uses. You see, the market has no shame (like a few posters on this BB ... you included Ortherncopper with you constant bashing of SOLG and any poster that remotely says anything positive).. if the market is proven woefully wrong... it just shrugs and moves on like nothing has happened. But those able to buy at 21cents on noront and finally exit at 110 cents thanks to the bidding war that followed BHP's initial 55 cent offer... well.. they are very happy that the market is such a poor valuation tool. They are happy that they saw the value that the market did not.

Nothing to support the share price?? Do me a favour... or has gold, copper and silver all dropped to 0.1p per oz?

Yes, you know my view on this, I think the risk for Scott and Maxit heading into the AGM with zero news to offer runs the risk of them losing control whether through Scott getting booted or other means.

They simply 'have' to announce something that will move the sp dial or it's toast time for Scott. You can't come in heralding massive positive change when price is 25p and then 12 months later post merger deliver zero and an sp of 9p.

They are not fools. They know ramifications of that.

One thing to consider is that BHP make low ball just before the AGM and that might be 30p a share. Now... in the event that SOLG have nothing to resposte with... how would many vote? Lets face it... if BHP want the asset, it's better to launch a bid when the sp is 9p as opposed to 29p.

I think there's a real chance there could be fireworks ahead of the AGM. More chance than there be absolutely nothing. So lets see how it pans out.