Member Info for Fortissimo

No... probably using their 'Valuestone' entity and they loaned that stock out lol! I think they had about 18m shares or not far off. Might have been more.

Yes, just need to get something tabled that gives the Chinese a chance of success or a chance to counter bid any other competitor bids that come in.

Remember, if they offer say 45p and gain some decent commitments eg Maxit and a few others, then they could get toward 25% levels quite quick albeit on a pledged basis rather than agreed. If BHP come in and offer 55p ... then Chinese are still in the game... they can offer 60p or 65p. That said, the bigger the price the more likely the chinese will use there 'larger' mining company being Zijin. The latter can come in and top BHP's offer and could be out of the blue. So that's the advantage Chinese have. They have 2 or 3 companies that they can use to bid with which allows the other ones to duck out yet they are never out of the game if you follow.

That's why I think the takeover panels should prevent ALL chinese companies bidding for 6 months should Jiagnxi fail etc.

That said, it's up to SOLG. They can invite anyone to bid no matter whether they are on a 6 month ban or not.

Other reminder on Solaris is that they have put 12 x licence blocks that involve Noboa's ENAMI for auction ot highest bidder. Deadline for bids is Dec 12th

Is it just me or is that a bit coincidental date wise with Noboa's trip to UAE which is around 10th/11th Dec???

Are we about to see some new names enter Ecuador mining region and rustle the feathers of the super majors?

This time next week could be fireworks time... or the Monday after!

Not sure on the quality of the blocks or where they are exactly without digging deeper but pretty certain they are green grass root prospects eg nothing drilled to date.

SOLG has 60 of these on the books and some are reasonably advanced.

Addicknt, they are lucky to be in the seat with a market backdrop like this. Like Mark woodford days when he couldn't do anything wrong as the market was easy peasy predictable. When the market or backdrop changes, that's when management get really tested.

2026 looks set to be a bumper year for miners according to a number of large investment banks. Even if Jiagnxi duck out... we are now firmly on the global map for Tier1mines in demand. And in the same way as Jiagnxi, I would expect more offers to follow from other interested parties. All need to strike fast as if they leave too long SOLG will just continue up that Lassonde curve. Now is the time to strike. Chinese have gone first.

First royalty stream buyback (50%) deadline is Q3 2026. Due diligence takes 6 months at very least. So whoever is after SOLG's fine assets needs to make a move in the next 3 to 4 months imho. Q1 looks electric for us assuming we are still alive and have CIPA, and a huge updated metal prices PFS lined up.

Investors should seek out the last SOLG presentation and look at the P/NAV chart page.

NGEX x 0.8

SOLG x 0.2 (at time of presentation)

There are plenty of examples out there that show much higher values. And many of them lack key permits and carry regional risk.

If for whatever reason (fun and games with our insiders) we end up going cheap... I just hope the end deal is for ENSA only and we find someway to secure regionals and Porvenir. We can go again then.

Cheap offers for ENSA (our Tier1mine) is out of order... but cheap offers for the entire folio is daylight robbery.

I think it's more a case of... our "cheeky low balls have not worked and the market is having nothing on it"

There's nothing new about SOLG's assets apart from the TAM appraisals that are transformational and still yet to be absorbed by the market. The chinese knew the value, BHP knew the value when they were rumoured to be lining up a 50p+ bid a few years back.

The biggest difference and what has really caught the chinese napping is the markets sudden swing from being dumb as xxck to being slightly less thick in realising that a copper shortage = well... a shortage of everything that they've hanged their hats on. It's take the polished shoes suit brigade to realise that the world might need resources and that very large copper gold mines are rare and worth a pretty penny.

I'm gob smacked at just how thick this current market is... even the US are years behind the Chinese in terms of Gold and copper purchases. Where have they been?

In my opinion, if SOLG can get away from the low balls offers (anything sub 75p etc) then they'll have a really good chance next year of £1+

Lets face it, if they offered 45p and BHP beat them in the end with say a 75p offer, they are set to make around $200m in profit based on their low entry price.

Trouble is... that's a poor show when BHP (if they bid and win) will be making around $100bln over the course of 50 years is my guess and probably much more if they gain further Tier1 mines through our regional folio. Whoever ends up getting SOLG... coukd end up with 4 or 5 Tier1 mines.

That's why I think retaining the regionals and doing the ExploreCo is extremely important. Sell ENSA and move onto the next one. Then we can continue to slag each other off for another 10 years while enjoying the fruits of ENSA returns! Only kidding. We are all here for the same thing... well most of us.

It's not only L&G that are filling their boots. Global X added another 1 million block of shares yesterday. The big boys are mopping up the stock.

https://www.globalxetfs.com/funds/copx

$5.40

The market doesn't know what will hit them soon. There's a huge copper deficit looming and they've pumped the AI up to billions and billions yet the AI can go no where without the machines to fuel it... and they need lots of copper.

We haven't had the usual media spin doctors doing the 'unnamed source' said type stuff yet. Surely that's all to come?

The funny thing is, any journo worth his salt will try and get a snip out of BHP (eg they haven't ruled it out) and that might be enough to see off the chinese lol! The fact that BHP or NEM haven't uttered a word about the Jiangxi bid probably tells you all you need to know.

Sometimes it's what is NOT said that gives the game away.

A strong day tomorrow will have the 'wouldn't want to be out of this, this weekend' mantra ringing away.

US Plans More Stakes in Minerals Companies...

Bloomberg.com

Perhaps we should flood reddit with 'copper' is the new bitcoin and get the zillions to stick their $10 bucks into copper focused stocks?? Apparently the city boys don't like that kind of stuff now and are seeking to clamp down on it. Meanwhile in a parallel universe, they seem quite happy with the US president pumping his crypto agena on truth social. But only after he was invested of course. And all his family!

27m volume today alone. They've added a few delayed trades. Cheeky mm's.

It tested 31p on Friday so nice to be back to that high point. Only difference is... about 130m shares seem to have been sold/sucked up/stuffed away.

The machinations of a sought after stock.

Agree - good read.

Just imagine how an ExploreCo IPO would go down if done on a proper exchange like ASX. Super charged SOLG go hunting for the next Alpala/Cascabel.

More I think about it... the more we need to retain Porvenir and regionals and just entertain bids on ENSA/Tier 1 mine. Might help the chinese afford it all. lol!

Too much upside in that exploration folio to see it go for a song nevermind the Tier1 mine.

Sorry ... retail about 30%. So will matter but not if bhp and nem fold

The SOLG book is roughly around 55% insiders vs 45% retail / funds/ smaller investors etc. I think Dan had a chartt on this so best check on past presentations.

So the little guy certainly matters... on mass. That's why the ultimate end game comes from a bid war situation as if you have the Chinese offering 40p and then BHP come in and offer 50p and then someone like Glencore pile in with 60p and chinese come back at 66p etc etc then BHP knock it out the park with 80p or something like that. That kind of event or show nearly always sees the retail go with the top offer. So starting low gives all involved some runway and that includes the Chinese.

I can't see how BHP can justify the FILO deal they did to their hareholders if they decide to pass on SOLG's Tier1 mine at a low price. In years to come, shareholders would be looking at the billions pouring into Jiangxi and holding BHP management to account for not even bidding etc. They have a duty to their shareholders and letting low balls win through will not go down well. BHP management are under the cosh already due to poor growth strategy or slow reaction to copper market.

Ironically... I don't think they will get the assets. I think someone leftfield is lined up already. Just a hunch.

Another chunk bought

785,801 @ GBP 0.305276

yumyum

£1 a share offer (I know 165p nav but that's when fully derisked so has to be discounted as of now) bags them

1. Top 10 Cascabel Tier 1 mine.

2. TAM open pit x 2 or 3 or 4 pits.

3. Porvenir cited to be a top 20 discovery (over last decade)

4. 60 Licences over Ecuador mostly i regions that are not Anti-mining with potential for another 4 or 5 Cascabels waiting to be discovered.

5. CIPA when lands = investment protection

6. Advanced ESG with brand name widely liked and respected in Ecuador... key to future works

Seriously.... there's enough there to make 100's of billions of dollars over the next 30 years never mind 50 years.

Just stick your hand in your pockets and pay a fair price and you'll see Jiangxi market cap double on the HK stage in years to come.

Why on earth chance losing a company making prospect?? Beggars belief.

Worth a read for sure

Imagine putting in a £800m ish bid yet at the same time highlighting the below paragraph from article...

"The company says the project could become a top-20 global mine once developed." END

You don't get those for £800m... you get them for $8bln!

Are they living in a different world?? Divorced from reality?