Member Info for Fortissimo

Over 400k grade which is large for across pond at 33.5cents or around 20p mark or just past it.

MM's getting ready for all those ISA £20k blocks tomorrow? Should see a few nice round 100k block trades then lol!

There will be more contact wins for the simple reason that there's loads of business and tenders out there right now as covid ended many ops and companies have been slow to get back to the energy projects and replenish resources etc.

PFC is attractive to many investors for number of reasons but the broader reason to hold PFC at these levels is simply because it presently factors in heavy inflation. So when inflation drops back to 5% in coming months as most are driving toward, then PFC, will bounce back fast. It's the perfect trade from these ranges if you think inflation will drop and central banks will get onto of it. Job creation will be needed toward year end and infrastructure spend is how China, US et intend to 'build' out of what is inevitably a mini recession looming albeit short lived.

I should add (in the most disingenuous way possible) don't buy with the herd tomorrow in isa surge as the mm's will be waiting for you and mark this up rather than down. Wait a few weeks for dust to settle... but not too long that you miss the multi billion RNS that we all are waiting for.

Usual caveats apply eg humour attached to the above with pinch of sodium chloride!

I think guess of the day would be....

Spot the plethora of posters desperate for SOLG to pull back to levels which they sold a chunk off so they could get it into ISA season tomorrow.

Tick!

The next real leg up is if / when market cap gets through the minimum or base number for FTSE 250. Currently main market listing with £380m cap. Likely need around £430m to £450m to get into FTSE250. Possibly £480m if other companies (perhaps gold focused) leap frog due to gold price rise.

Shorters know that's their worst fear as fund managers forced to by into PFC due to FTSE 250 tracker funds etc.

So if or once PFC breaks that 90p level, it could be like a rocket back to 130's before taking a breather. Nothing goes up in straight line. Consolidation in 130's would be required before 160's can be hit. That said, any rumours of M&A (like Wood group) and it could be 150p+ in no time.

If you look at Wood Group, the same happened to Wood. Battered down to just under 100p at one point during the market wash out and seemed heavy handed at the time considering they had announced an asset sale of one division for $1.8bln lol! Yet shorters we heavily into suppressing the price. And then guess what happened next... Wood Group suddenly announces an unsolicited offer for the entire business at 230p. That offer has since been upped.

So no smoke without fire as they say. If Wood was an M&A target and price suppressed then PFC is going to be top of the M&A list especially after that $13bln contract and now the business is clean from SFO issues.

Don't be surprised if you suddenly see someone move for PFC with initial offer price around 160p. As all know... this company is worth 300p+ once inflation sorts itself out and infrastructure via US, china and India kicks in to spur the next growth recovery story.

At 75p it's sale of the century and surely to hard to resist for even the private equity firms which buy early and take private.

This will be one 100p soon - just my opinion.

https://www.reuters.com/markets/commodities/australias-fortescue-metals-begins-trim-few-hundred-jobs-source-2023-03-10/

Needalife... you'll have to try harder. I'm afraid your reference to FMG job losses quite misleading. It's nothing unusual at all and minor.

But good to se you trying and a few other newbie posters as shows that some out there are getting irritated by SOLG's recently more resilient share price.

Keep up the poor work!

These events post major rerate news often result in a tussle between those getting their arrrssse tanned and those creaming it on the upside. So completely the norm to see a bunch of shorters collectively over 5%+ trying their best to trade their way out of multi million losses. They can't do that very well in the 80's and 90's so desperately need PFC back in the 60's and 70's. Ironically, you often get one term shareholders (II's) actually helping shorters by loaning them the stock in the first place. Weird but that's often how they make some coin while not actively trading the stock themselves as they just charge a fee for the loan of shares.

Prior to the massive 13billion contract news, PFC was a 'play' for all to the downside as longer inflation stays high, the tighter those margins or losses are on older fixed contracts. But now the 13billion deal is signed, the future is secure and the fear that shorters feed on is no longer there as the solution has been provided already. So now the market wants to 'play' PFC higher and all involved know it's got the legs to retest 160's with ease as inflation drops and contracts roll in. So whether it's 60's or 70's for a few days during a shorters hedge fund traders folly ... it's just par for the course. PFC have effectively sorted their order book almost back to the old days when they were priced at the 300p+ levels. The US and chinese (and rest of globe) have already signalled that they plan to spend their way out of the lower growth periods with infrastructure spend. Energy companies have signalled that they need to bolster resources and build new green energy etc. PFC at these prices (after that contract deal) is a steal imho.

Jeffries who?

Have you seen some of their other targets and notes lol! I'm afraid the reason why they had a target of 160p in first place has not gone away at all. In fact, it's closer now than it was 6 months ago. So where was the broker rating 6 months ago?

The market is used to these types of games so just watch it put Jeffries note in the bin and ignore it. When the stock breaks 140p+ you'll find Jeffries issuing a new note saying target raised to 130p lol!

To conclude, the reason you know this is a 'rigged' move by shorters is for the simple reason that stocks rarely pay any attention to broker notes. There was a time when a broker upgrade helped or downgrade made difference. But not anymore... most investors dismiss broker notes as a paid for service. Sometimes by company itself and sometimes by the shorters lol!

I'm expecting it to return to the 130's with ease on the recent contract win. Shorters will tinker around in effort to close out in 70's and 80's if they can but eventually or usually market forces take over and they tend to capitulate toward the end and that's when you should see a strong move through 90's into the 100's. Many of these firms will ironically be building long positions now hoping they too benefit from the rise into the 100's etc. So while they tidy up one side of their bet, they ensure they do well on the upside. And that bodes well as 'they' will help drive it higher.

No guarantees of course and some of these firms can be stubborn and stupid. They were going for the prolonged 'inflation' story as the key to their predicted PFC woes. Inflation is and will cause PFC issues for the here and now and legacy contracts etc. But recent contract win blows away any of those worries on a mid to longer term view. 50% upside from here initially and then full 100% (eg back to 160's) once inflation calms down and PFC's figures improve. Just my opinion so don't trade or hang your hats on my views please. Do your own research and risk assessments as any investor should. Nice sunny day today. Spring in full swing and summer around the corner.

Looks like Astaris Capital Management LLP got slaughtered on their short. They were at 1.4% and closed out 0.7% in the high 70's or early 80's.

My heart bleeds lol!

They still have 0.5%+ to close out poor souls.

wow - big M&A in sector

Just normal workings of a larger order. Same happened on Friday. Very clear that we have a seller and a buyer and the level that they transact at seems to vary but if you take the collective on the deals then you'll probably average out near 17p/18p.

Friday saw several large blocks worked through at 19.2p or around 19p on opposite side of book.

Still some of the same going on today around 19.2p and I fully expect another large block trade put through after hours around the 19.5p mark. Just a hunch. But the good news is that whoever is involved is savvy and professional enough to make sure any gaps and TA stuff is ticked off as they go.

"Ignore the ignorant"

DBW - done long ago, and I get a nice green line reaffirmation with

"This message has been filtered, please adjust your filters to view"

someone out there is working hard lol!

Bless him.

There's enough interest/value perception in SOLG to see it back to the mid 20's based on gaining zero news. For the simple reason that SOLG is now in the opposite channel to what was driving the fall and poor sp in the lower teens.

Investors knew the PFS would be released in Q2 last year. What happened? The sp started to build momentum around Feb around 25p levels fast becoming 30p levels before the top off on news around 41p in second week of April.

Now after months of waiting for merger to complete and clearly held back by Blackrock exiting in heavy handed way over last 5 months, the stock looks set to build momentum toward what many expect to be a bullish news release on SR or even deal signed and BoD recommendations etc.

As I said a week or so ago, Ecuador Gov in dialogue with Chinese on Trade deal to be signed and it's that kind of red tape high level stuff that might mean SOLG have to 'sit on news' until time is right or they are allowed to reveal all. Lasso certainly needs some big news to reaffirm his promises of business growth to wider international community.

And finally... to the selfish reason for not having ay news for another week at least comes down to new ISA allowances which kick off from April 6th. Especially now the Tory's have reduced CGT allowances from 12k levels to 6k soon to be 3k and no doubt 0k come Labour.

So Nick... if you are listening... just sit on your hands for another week or two please!

Some weird moves on order book. Looks related to TSX open / open pond trading.

Wasn't much on the buy side to prevent a quick move to 20p.

Novicehunter... you might well get your 20p end of the week goal as not going to take much to see this take a leg up through 19.6p.

SP was at 21.25p on day or merger announcement and that was when we had a very low cash balance of around $10m and needed a fund raise. So plenty of uncertainty then as well as broader markets which were in meltdown mode 6 months ago.

Fast forward 6 months, and we have $75m+ in cash balance, Merger completed and markets in much better mood with interest rate hikes nearing the end and inflation due to drop back fast each month.

And for all that the market gives SOLG a 10% mark down?? Funny old game.

Should be around 30p levels now on a comparable basis to where we were this time last year.

XIB Asset Management Inc still have their 0.5% short in play according to latest data. So that's 15m shares to buy back. Based on timings of their short I think the highest level they could have sold forward on was around 18.5p based on that volume.

They've had ample time to get a few closed out and may well have been linked to CGP and simply ARB traded the merger. But leaving the 0.5% short open could begin to sting a bit should or when the sp gets a jog on into the 20's.

AAZ certainly doing its best to attract new investors and I don't think I've seen so many rampy RNS's from one company in such a short space time. It's like they are on steroids. Unfortunately, this is a market that is not interested in the next few years but the here and now. Sad but true. I like where AAZ team are going regarding a weight switch from gold to copper. Makes perfect sense with copper shortage looming. However, they are never going to get close to 175koz equivalent without 'substantial' funding. Near term, with cash of $32m+ yes they should be able to get into the 70koz equivalent level as indicated but this is still some way from the 85koz equivalent they were doing in 2018 or 2019 and the share price was 85p and 150p+ respectively. So certainly upside ahead should they deliver 85koz again but the lack of information on how they plan to fund beyond the near term or mid term is what will hold the stock back. They haven't stated what the expected Capex is to get to 175koz target. And there's a reason for that! Anyway, the company looks like it's making the right noises and I'm sure with the help of the Azeri gov they should find a way to finance the bigger projects. Whether that means they retain the 49% profit interest is anyones guess but markets will worry about that as the funding terms become clearer along with the CAPEX required. Regionally, it's deemed risky but what isn't these days. At 120's, looks good based on higher PM prices but if prices dip along with Bank crisis easing then sub 100p likely again.

Tony... looks like you bailed a bit early but well done on holding through the dip into 60's.

I see this market yet again has its pants pulled down. See PFC. Shorters burning like a nice sausage over charcoal bbq. Spitting as they crisp.

When will this market learn to value companies properly?