Member Info for Fortissimo

If you assume market values SOLG purely on ENSA then let's say 15% ENSA equals 15% SOLG. Then throw in the 5.2% they owned in SOLG and that's 20%+. Yes we did have 5% holding in CGP but that was worth much less than the CGP stake so not comparable. Then you Porvenir v Bramados and SOLG wins hands down there with 100% interest. But bottom line is ... they've hardly gained a 23% interest out of thin air. I'd say on the whole they've gained around 4% to 5% tops.

It's minor considering the power and business acumen that comes with Bob, Maxit et al.

BnC... I understand your sentiment, but lets face it... Mather and team have had long enough to deliver the goods and have failed to do so. CGP boys have waited years too like other shareholders. That said.. Maxit did offload a wedge to BHP at 25p which is perhaps the biggest bugbear I have even if they did retain the CGP 20% stake.

38.5c for 159,000 shares caught my eye

that's a large wedge for TSX by their standards

Going great guns on TSX with 750k volume. Hit 39 cents which roughly 24p!

100% ownership not 100%!

But you get the point.

Yes but that valuation was based on 85% ENSA and a fragmented/tricky shareholder base.

We now have 100% ENSA and shareholder base looking much better along with fully funded cash balance for next 10months.

So don't forget to add that I . I'd say the 15% ENSA and 110% asset ownership prob worth another 9p. So back to 42p then and as you were.

Absolute circus in here today. Someone pass the popcorn!

Sp rising strongly... PDAC presentation coming up soon. Shorters worried what Scott might be lining up to say??

Yes copperpot... as you say "The lengths some people will go to for money!". Bit like you since you sold all your SOLG stock you've done nothing but slate the company. So why are you here then? Are you looking to buy back in?

Wonder whether we'll get another after hours large order print on the book as the mm's seem to have been keen to keep the price around the 17p (rounded) mark.

Another 5m block after close?

I'm more interested in the unknowns. For instance... as we know CGP had major shareholders in Sangha/Maxit/Irwin but the question is... who makes up the other 53% of CGP?? Blackrock, JPM or other large fund managers? or just lots of retail and smaller funds?

Main shareholders in CGP as follows:
1. Sangha and Maxit combined = 19.5%
2. Greg Chamandy 9.8%
3. Irwin/Rosseau Asset Management 8.1%
4. Solgold 5.6%
5. Sprott/Canaccord Clients 5.0%

Total 48%.

Who are the other 52%?

DM - I thought they were presenting on March 6th??

See Ecuador day link below. They have presented on the Ecuador day slot for last few years I believe.

https://www.pdac.ca/convention/programming/presentation-and-reception-room-program/sessions/presentation-and-reception-room-program/ecuador-day-next-mining-destination

And sorry to 'ramp' about the Tier 1 world class asset. Or about the chinese involvement or about Franco or Osisko noses in the trough to the tune for $150m combined.

This company needs precisely that.... ramping. It's called being positive and seeing the true value in the asset when the market is inclined to disagree. Do you think Bob will be 'ramping' the asset or playing it down and flagging up all the potential hurdles ahead?

Mmm... I 'imagine' not.

Rubbish - the last few lines make it sound like we have dog on our hands not a prize Tier 1 asset. That said... you are entitled to 'imagine' what you want in your own head.

Bob isn't going to be pitching to 'anyone' that's interested. He's going to be pitching to the companies that he KNOWS are interested. The mining industry might be a big place but it's a very small world if you live and work in it.

The fact that he's already brought in the Chinese should perhaps help you 'imagine' win you head how that might pan out.

SharketMare,

Your last few lines are utter rubbish. How about ... Bob's phone hasn't stopped ringing for weeks and he's having to bat away the time wasters and focus on the important players.

How that sound?

Bob and his black and white ... bat!

He's got big reputation riding on this as well as a bucket load of shares. Important for his business going forward. Get a stunning deal done and he'll attract more clients in the future who want to slay giants ... with Bob's bat.

Into the 20's soon but ARB boys getting some help from our resident seller which based on past ownership updates looks like Blackrock. If true, they can't have much more left... 40m shares at best... that's about a week or two's worth to work through on 2 or 3m per day.

They are presenting on 'Ecuadorian Day'. Not sure spouting off about Aussie assets is appropriate!

Monte,
Just use the filter facility and they are gone... zapped and all you see or hear from them is a blank green line.

Were due to cease trading on TSX close last night so that's all tidied up now.

Ona side note, I think the CGP crew Maxit et al have been in cosy chats with the chinese for sometime now as well as other investors. Maxit are not just involved in SOLG, and along with Osisko, they are active across a number of projects and companies.

I wonder whether they had a buyer lined up for their 15% stake a while ago but could not complete due to the complications with fragmented ownership.

At end of the day... you want to give potential buyers enough time to do due diligence (first part) so that might have happened last year (remember pics of Chinese / Japanese) at Alpala?).

The usual 30k (or sometimes 20k) block seller out in force today trying to keep a cap on events. It's working for now albeit at a higher price than 13p/14p which they were last very active at. XIB Asset Management still have their 0.5% short in play as far as I can see but that could be updated later today.

Last time the stock was in the 17's for a period of time, we had major risks hanging over out heads such as the following:

1. No signs of funding at all
2. Merger ARB issues
3. Fears about running out of cash
4. Fears about AGM / voting
5. Fears of market going into meltdown

All these fears (perhaps number 5 still hanging about) have been put to bed. All those apparent frightening doom mongering posters at the time... world was nigh etc etc.

Yet here we are today, everything completed and just wading through the recovery bounce volume with ARB exiting and buyers entering again. It's a bit slow but from lows of 13p to be expected as we drop a few traders off along the way.

Future looks brighter than when we were trading at 26p pre merger news. Funny old game.

BnC, ultimately the 'sales' guys have been brought in to get it sold. No point in having explorers/dreamers/mining experts trying to sell an asset. Better left to the money men with proven track record. I understand your sentiment, but they are in same boat as us now and incentivised to the hilt to get an excellent deal done. FWIIW, I think they've been doing the behind scenes discussions for sometime now and you never know... that might have been a big reason for Mather and themselves hooking up. I doubt they would go it into it blindly and there's no way they would convert into SOLG shares unless they had significant control especially after the years of confetti equity raises by Mather et al. To be fair... he did reign it back toward the end with royalty deal but cost him his job!

Just wanted to qualify the CGP trading on TSX point earlier... they get delisted at 9pm tonight.

from merger RNS..."The Cornerstone Shares are expected to be delisted from the TSX Venture Exchange after the close of trading on 28 February 2023, and will cease trading from the OTC Pink Market and Frankfurt Stock Exchange." END

Looks like CGP still trading on TSX? 67k volume. Weird... surely all trading should have ceased as CGP shares no longer exist - they've been converted into SOLG shares.

Perhaps the 6% SOLG shares will transfer over to SOLG once the TSX listing is closed down which should have happened by now but don't have the TSX rules/regs at hand.