Member Info for Fortissimo

Good to see Directo buys but someone is gunning for SOLG at the moment. Could be a number of parties but Directors showing some fight which is good.

What was that push to 9.5p all about ?? Seems like a constant effort to crush SOLG share price right now.

Classic pre bid action if youn ask me albeit based on the hostile approach kind.

Time to fight with some credible news Scott.. not just loading up personal share holdings and taking advantage of the dip which ironically is partly down to yourself and team.

Pre AGM I'm hoping Scott and co announce a JV deal on Porvenir or some kind of JV on the exploration folio which lets face it... if it involves a super Major's name like Barrick, Rio or FMG then market will get more excited. Doesn't have to result in immediate drilling of exploration targets... but think just the mention of a big player name will put cat amongst the piegeons and get tongues wagging. Of course.. same could be said if any nationals like Codelco, Chinese or even Brazilian's are involved.

This is the potential 'rabbit out of the bag' that Scott needs pre AGM. ENSA is what it is and will most likely resolve itself via a sale post Ecuador elections.

Exploration is the key to growth and we've seen the power of successful drilling via likes Porvenir which took the sp from low 20's or mis 20's all the way to 42p. That move had zero to do with ENSA.

The key to pleasing the market is to deliver 'names' that excite when partnering and in a set up that is fully funded by them and not SOLG via equity raises.

Exploration is not that costly per hole, circa $1m dependent on drill pad location and length/target depth etc. Some shallow targets less than that.

There's plenty that can happen over the next 3 months before year end and that includes some kind of deal with BHP and Newmont if the latter choses to off load their stake. I doubt they will.. but you never know.

Also worth noting that Guyana Goldfields share price was beaten up to lows based on operational but also funding woes and first bid by Silvercorp came in at just 60 cents. A month or so later it was upped to $1.30 cad. Then came another bidder ZIJIN (chinese) and final offer was $1.85 cad. Was Bob/Maxit involved with this deal as well? Mmm.

I'm not implying that same thing will happen with SOLG but merely highlighting that low ball offers often appear when share prices are at historic lows and company weakness or shareholder frustrations are at large. And often the first low ball is 100% or more below the intended second offer.

Remember, BHP's 55 cent Noront offer was 130% higher than pre bid. Final winning bid double that again at 110 cents.

If you took SOLG at say VWAP of 13p, then 130% would see 30p. On a Noront comparable winning bid would be 60p. On a Zijin comparable, winning bid would be approx 42 to 45p range.

Personally I can't see BHP wiling to let go of their 10% stake for less than 45p but you never know.

Obviously all assumptions move up or down based on VWAP basis.

Mange tout ...mange tout

Well, there was the magic '1' trade shortly after those 2 x 750k blocks.

Does feel like news is coming after that TSX action yesterday too. As I said... why go buying big across the pond at 12's when price in London below 9p?? We will find our soon no doubt.

Can't quite understand that run from70p to 80p a week or so back only to see it clearly sold down today mid 60's again. Bonds gave it away as they were unmoved and infact trading or drifting down.

I wonder if there is another debt renegotiation required before year end as can only imagine it's getting tight now with sustained inflation pressures on legacy contracts. Sometimes it might be better to slowly deliver these than try and get them out of the way as cost likely to fall in Q1 24 and further still in Q2 24.

Markets talking up a major indices pullback so sentiment getting hit from both sides on PFC. If it goes into the 50's again... I'm interested in a wedge or two.

Did we really need to 'go downtown' to get that 1.5m block away?

These 750k blocks mirror what's been going on over on TSX.

Something cooking for sure. Rampety dampety wampety. Take your pick.

Because they want sellers and not buyers. Simple as that. This is a fishing expedition imho to snaffle the over leveraged trader or pi. Someone is seriously testing the liquidity.

Also, byt seeing some LTH's pushed out or exit, they gain new holders at 9p which will be delighted with a 30p offer even 18p offer as still 100% gains. You have a period now whereby you are seeing new punters come in and they have a different target price in mind.

Can't help think it suits Maxit... makes their task much easier if more interested parties involved as offer price lower.

Come on then Scott and co. Lets see you make some director buys then now you are out for the results closure period. What's stopping you now??

Lets see some NEDS buys some stock then?? Come on SOLG management... show you are believers!!

Even the green lines arent appearing any more apart from the odd one or two... even they seem to be ducking into the shadows now. All eyes on that XIB short. Surely they'll be closing that soon?

That said, mm's not taking large orders and having to do 50k blocks to get 300k. Something really doesn't feel normal about this at all.

In theory... those 100m shares Scott kept bleating on about are becoming pointless at these levels. Might pay for the concessions next year and that's it. He's dropped the ball big time. Only question now ... what have they got up the sleeve to get this moving again? Cash pile was $32m end of Sept I believe. Likely to be $20m or lower by end of the year.

DBW, possibly. I've seen enough over the last few months to see that TSX has been traded 'pre' lse. It's as if they are 2 or 3 days ahead so you could be right. Might be a fund playing the two indices/currency swing too. That said.. liquidty is better on LSE so buying back large chinks on TSX tends to move price faster.

Something definitely afoot IMHO as this fall from 16's seems too contrived and controlled with minimum of interest or bounces along the way. Like I said... you'd think the Chinese (who paid 18p+ open market to acquire an extra 1%) would be mopping them up.

Perhaps they want to squeeze out a load of pi's and put the stock into safe AGM votes?

There has been absolutely no attempt by Scott or SOLG to remind the market of Alpala's worth at all. They've just let this slip from 16p to almost 8p.

Unbelieveable. Most management teams would have done the basic and said 'we know of no reason for the share price decline... blah blah blah.'

Typical low volume again and it's the AT's that are taking it down. The mind boggles why the canndian's were buying heavily (by their standards) at near 13p. Surely they could have bought via international broker and got nearer 10p with currency swings taken into account.

There was almost 750k bought yesterday at average of 12p+. Wonder whether the mm's will bother to try and align it come 2.30pm today??

It's a good lesson in smart investing ... always look to take some profits on the highs. He did well getting away a decent volume in the 40's 6 years ago.

With the bulk of the market heavily down on small cap miners, there are many opportunities out there right now and I think Irwin and a few others would happily take a lower ball offer if it came soon as they and otehrs can recycle / reinvest that money into other stocks with upside potential or fund resource projects that have yet to list.

The way SOLG management have gone about the last few weeks/months, I get the feeling that Maxit et al are getting this ready for a low ball deal. Perhaps they hope that will see BHP or another come out and counter it. But only way to get that bid war is to get the ball rolling and they are taking their time in doing that. That's been the frustration. But even if a 30p low ball offer landed, there's no guarantee it would be accepted by required % of holders. It needs to be credible otherwise BHP and co will just ignore it know it will not get voted through. A low SP suits Maxit just fine right now but ahead of AGM, it's not going suit some of the directors up for election if not all of them.

Jezzoo, there is a copper shortage coming and if you read across the media you'll find plenty of super majors scratching around for copper projects. So the boom will come. But you don't want to be developing during that boom... you want to be producing. Hence, it is very much in the interests of prospective buyers, SOLG and Ecuador gov that Cascabel is sold/JV'd and producing in 2 or 3 years time minimum and I suspect the early phase (phase 1) high grade low capex approach will tick this box.

I see Exxon has bid $50bln for Pioneer. That's a big deal. It's interesting as Pioneer's share price nose dived a few days ago and Exxon appears to have made a bid strike upon that weakness. For a deal of that size, it's quite refreshing to see limited insider buying as the opposite was shown in this case.

If BHP chucked in a low ball on SOLG right now at say 30p... I'm not sure Maxit or SOLG have much ammo to defend it. The best they seem to be offering shareholders is the promise of a updated lower capex PFS.

Sometimes the big boys do strike when stocks are at their weakest.

Could be nothing but I recall about 750k volume a while back just before the sp got pushed down or drifted down to where we are now. Thought that looked 'insightful' cough cough but it was the higher volume selling that occured after July 2022 when clearly someone got wind of the CGP / SOLG merger plans that raised my interest in the first place. Certainly an area to watch as someone with possibly inside knowledge (imho) is trading there. Anyone know anyone that has loads of SOLG stock and is Canadian or holds SOLG on TSX. lol!

TSX up to 20 cents on swift buying

Not a ramp... just stating facts!

well that's a relief bozi. glad you're content and comfortable with the company and share price at sub 10p.

i'd be kicking myself if i didn't act on my fears and concerns over the stock like you. fancy calling it right but not actually backing it up with selling your holding?? surely you can see the irony in this?? unless of course you didn't really believe what you were spouting? i have to admit (and happy to) i thought this year was the year that solg got a monetisation event away. such a great asset and copper shortage looming you'd think tier1 copper assets would be flying off the shelves. problem is... there are not many of them. even barrick are entertaining the idea of seeking copper in the highly volatile hills of ****stan!! the places and risk some big miners go to hey?

so no... i'm not felling guilty one bit about calling this year wrong as i've stuck with and lowered average price ahead of what should end up a happy story. i'd be absolutely gutted if i saw all the pittfalls when the price was 32p+ and failed to follow my foresight.

as i said... i've been balanced for sometime now but you are the one that's been ultra negative. and now with sp at sub 10p and company looking like it's on its knees with reducing opportunities to raise further funds... you're content and happy?

serious bozi... just admit it... you're not invested here and instead are just having a laugh at long termers expense?

Bozi must have bought back in... that great trading or investing if he sold out in the 20's and re-entered in the 10's. Absolutely fabulous call. But unfortunately, he didn't. He just sat on his stock and grumbled a bit or... alot!

FWIIW, I think there will be a corporate event or big news event in Q1 24 but it won't involve any promised PFS's. I think that's a ruse to be honest. Having spoken to a number of industry experts of late, no one wants to paint today's inflation numbers and high interest rates into a new PFS. It effectively makes it read very poorly. Better to wait until interest rates fall and inflation falls. Then bake those numbers in. No idea who Scott or Bob think they are communicating to these days but any savvy investor does not want to see a PFS in Q1 24. It won't be pretty. So only thing I can imagine is that post Ecuador elections, post Tailings investigations etc and post final red tape from the Gov... we should see ENSA deal or offer tabled in Q1 or earlier. And then promises of updated PFS's fade away as no longer relevant.

Like I said before, there's no way Ecuador gov would commit to red tape cutting and the $75m phased payments if they didn't know or think SOLG had a partner or buyer ready to take it on.

Forget updated PFS's... you won't see one again here imho... but you should see a sale/monetisation event as there really is no alternative now.