Member Info for Fortissimo

Nice to see Twigger putting his name to the RNS today. I was wondering when he'd pipe up as it nears AGM time... I guess he's wary he's not been seen for dust this year.

I would have though the CEO would have welcomed the new guys on board of his team. Instead we got Twigger.

Is Darryl next to go.... pre AGM?? Mather re-elected as CEO lol!

Watch this space.

I think SOLG have already put a line in the sand with the comment regarding 78p.

Whether that base case number ends up being best case is anyones guess but I think the strategic review will explore the best way to get the best price and sometimes that might be through selling cake slices off rather than the entire lot cherry and all.

We are in WEEK 42 of 52.

10 weeks left.

SOLG may have tactually secured their own butts at the next AGM with CGP deal, but I'm not feeling shareholder friendly right now in absence of promised Q4 news. I want my PFS2 and I want the Porvenir PEA BEFORE the AGM please.

Just a clean take out deal, lock stock and barrel please.

Anything less and I'm going to be upset.

Management have sucked the living dream out of SOLG and left shareholders feeling like a low ball will be a result.

It's time to return cash to shareholders and fast before it's worth 10% less next year.

addicknt,

SOLG will NOT want to retain a 25% stake in ENSA and all the Capex commitments that go with that. You could be looking at $1bln+ cash requirement if the 75% owner sticks the foot to the pedal and doubles that PFS/DFS.

Imho, Darryl talks about 'next cab off the rank' like it's a great strategy but as we know, the first cab on the rank is currently without wheels and stuck on pile of bricks while costing a large wedge in cab rank fees!!!

If Porvenir follows the woeful progress of Alpala (lets face it, it's gone no where fast for 3 years!), then no one ... not even the market is going to give a flying .... if SOLG announce more cabs to come.

Someone needs to takes the 'keys' of their hands before SOLG turn it all into some kind of demolition derby.

https://www.youtube.com/watch?v=Ds1NalU84P4

Perhaps Dan has been brought in as he's the man to bank the 6.7% SOLG shares for a cheap mates deal??

Metals Acquisition Corp holding 6.7% in the near future would not surprise me one bit.

My only concern here is that the old school SOLG CGP bunch seem to have a habit of feather their own pockets ahead of significant transactions. Not exactly unknown in markets and if anything an ugly but regular occurrence. But the worry is they line pockets at lower levels which makes lower offer prices more rewarding to them. Mmm.

The irony of it is that many of these old school guys still think Cascabel is theirs... their little baby even after they've the bejesus out of the markets.

That 6.7% SOLG holding is a xmas gift to insiders imho. But lets wait and see how it unfolds and park the cynical stuff until pre AGM. Resolutions will need to be presented to shareholders in November assuming they stick with Mid Dec 2022 AGM. Assuming they have the voting weight that they expect post CGP deal, I'm expecting them to paint the town red with resolutions that arm them to the hilt. BHP and NCM now effectively useless and having almost zero control.

mmm

'he engineers???'

Redknight, he sold out (or engineered) 26p sale for 100m+ shares.

https://www.bhp.com/news/media-centre/releases/2018/09/copper-update-agreement-with-guyana-goldfields-inc

I do hope these 'early days' SOLG crew have a higher price in mind!

Fancy selling out for 26p+??

I'm beginning to wonder whether these new style ex SOLG or CGP types are ready to take whatever they can get.

If BHP dealt with him on the 26p+ deal, then what's he going to say if BHP offer 40p+?? 50% higher than what he accepted some 4 years ago??

Dan looks capable of mixing it with the big boys although the CSA deal is peanuts compared to SOLG and ENSA.

https://www.glencore.com/media-and-insights/news/metals-acquisition-corp-to-acquire-csa-mine-from-glencore-plc

Getting ducks in order ahead of AGM. Now... it really would be ideal to get that 20% CGP vote slice done and dusted 'before' the AGM. November arrives next week.

Certainly looks like bridges have been raised and BHP have no where to go come this years annual meeting. Makes a change! Well done SOLG.

I wonder if Sunak will continue with the Tory madness on lifting City bonus caps???

Personally, until I see evidence that every bank within the UK system has paid back 'ALL' of it's money that the tax payers loaned them and bailed them out, then and only then can they even be allowed to sniff the backside of a bonus cheque above normal market rates.

There's still billions and billions left for them to pay and that doesn't include the compensation required to some out there which they practically buried with their unregulated and wayward bets.

Sunak could get off to a great start if he keeps bankers bonuses at the level they are and he'll need to make sure he keeps that higher tax rate where it is. That's how you get money back into the system. Paying the rich more and expecting it to trickle down is old school economics and it doesn't work anymore. It just goes into offshore pension funds and the economy never sees any of it.

Tax the rich and tax them hard. If they are really rich (like myself) then they won't mind. It's the greedy ones that moan. Don't let the little guys or man in middle carry the can on this one and Tories might stand a chance of tagging a coalition Gove next time around as they have almost zero chance now of winning any election with majority.

So lets have it then Sunak! Job starts now... pretty pictures and words will get you no where as knives are out already for a GE in 2023. Ironically, might be best ides going as Labour won't win back to back after spending next 4 years buried in this Tory debt mess.

An ever worse thought... Macron, Putin and Sunak standing inline. Like something from AP's mini me's.

J.Maria_Ibarra

The controlling hand has been on the book a while now (ever since Blackrock' TR1 appeared cough cough). I'm afraid they will not let go from pinning it to 15.5p or lower until they are forced to. And that means News from SOLG. In absence of latter... they will simply cause the dulling effect of making SOLG look rather erm... dull.

Surprised CGP haven't got their date together for a special meeting to vote the deal through. Or are we having chats behind closed doors with some interested parties first??

Only the Tories can see the man they voted against become PM a few weeks later and then seemingly look like they are overjoyed with it. Lets hope Sunak never has to meet Putin... I think the latter might be taller!!!

Certainly another option there to raise cash via. a 12.5% interest sale. Might bring in a decent wedge and enable us to keep the 6.7% shares in treasury until after PFS2 and Porvenir PEA.

Bramaderos very economical due to proximity to Lundin producing assets. BHP or another buyer wouldn't really be interested in a minority stake like 12.5% so I would SOLG to do some pre spring cleaning and enter 2023 looking cashed up, lean and streamlined ripe for a bid.

addicknt
Missed your post ... thank you getting clarification.

I guess this is a reminder to all of just how valuable Cascabel is!

This has been going on for yonks. Nothing new here. Apart from the fact that Ecuador recently had a mini revolution and Lasso had to provide some concessions to bring the saga to an end. Perez hasn't gone away. Ecuador like Chile, Peru and so on have a real lefty following. I actually thought the article was positive as it showed some key decision dates and Lasso looking to get the cadestre up and running again.

I agree that it's better to agree on the licence blocks that are up for auction and then present them to locals and see which ones they are against and which ones they aren't bothered about.

Cascabel won't be producing until 2028 so long way off. It's the blocks that are keen to get moving in 2024 and 2025 that need to get through the red tape. They are the ones being held up and should set a benchmark/example or pathway for Alpala.

I forgot to add that they unwound their CFD tool at 35p+ levels (or short) when they got a sniff of a rights issue. Again supposition on my part but there was no way they were buying actively at 35p simply to then be offloading at 16p a few weeks later.

In a small volume market, using just 0.5% to trade between 4% and 5% levels without triggering holdings RNS's is a classic game that goes undetected. Some poor guys will be squeezed out as they step it lower. That's the game. That's why you get bot trading (small blocks) followed by a chunky buy.

Sometimes you have to stir up the buffalo to get a few that split from the pack. Otherwise, if they stay tight together, you struggle to pick any weak ones off. Markets are markets.

Just looks like a classic Blackrock trading pattern as per past times. They take a 20m share block and then set a program to sell via one account and buy back via the other... could be usual swaps from equity to cad or vice versa. Basically they might be looking to move stock around into tax friendly accounts (tut tut) to avoid cgt. Bit like someone selling the losses to raise 20k and then buying the 20k back into vehicle like isa.

Nothing wrong with it but in expert hands it can be used as tool to reposition oneself ahead of a bid etc.

The stock has been trading this way since CGP news and no surprises or coincidence that blackrock began their 'tool's a day or so before that news broke.

When you have confidence that no news is coming for a few weeks, then you get stuck in but the CGP news caught them off guard and I think they are trying to get out of it on neutral basis.

All nonsense of course so ignore as you see fit!

I've reduced holdings over last 6 days as was expecting a decent rise during drilling. I've got a free play now... should it big, I'll do pretty well. If it's a duster and down to 15p ranges... I'll pick up a few cheap ones as 2023 looks pretty decent outlook too for exploration.

Just hedging bets / derisking a bit but still hoping for a fairway strike and subsequent sidetrack success. Might add a few ahead of sidetrack assuming news is good on first target.

miketrix, whilst share prices are just a point of reference for that day, they are also the markets tool for letting investors know whether they like the business prospects or can't care less. In the pre Lehmans days, you could be drilling for gold or oil based on seismic / surveys etc and be valued at over $500m with ease. Only then to be valued at $5m post duster. Those were the days eh?? Today, markets don't seem that interested in pricing assets on a forward potential basis. Instead the market prices based on failure. Ironic really. It takes a buyer to make an offer before this slap dash pony market reluctantly marks the sp up. So guess in a long winded way... what's the point in SOLG discovering another Alpala if it takes 8 years+, $100's of millions raised and dilution galore?? What's the point?? Here we are based on a world class tier 1 asset at PFS stage and we are valued at 16p lol!

SOLG's main issue (and that's us wee shareholders) is that through the markets ignorance... there are many bargains out there. A year or two back, that was not the case. So you have ii's or fund managers who might be willing to take 50p on SOLG (instead of 100p+) simply because they know they can make that cash work on other stocks that will double in value once the market sorts its sheeeeet out! As Irwin eluded to recently, words to the effect of... lets cash in now and then we can all invest it back into the bargains out there.

The dream scenario would be to get top dollar for SOLG and then reinvest those funds into a beaten up stock (unnecessarily etc) and gain double bubble on the recovery which will kick in once this inflation lark has been put to bed and Putin inevitably strikes some kind of deal. The. latter doesn't want to go into a long Russian cold winter as Ukraine will win that one. Putin has to get through Nov to March period or his troops are toast. So I expect a fabricated peace deal to be brokered over the nasty Siberian winter months and then they can all kick it off again when the daffodils sprout up.

All he's really doing is paying LSE for the clicks/tricks. He thinks he's being disruptive but he's actually rewarding LSE as advertising income is majority based on number of page prints and posts etc.

Slug, you think you're causing problems but you are actually LSE's beeeeach. You're their slave doing work for them. But you're a bit too focussed on your own agenda to seat.

LSE owners are laughing at you and if you were a bit more intelligent (which you can be at times) then you'd realise there are other smarter ways to cause disruption for LSE. Sort it out fella.

Yep and looking at Dundee's project Porvenir actually looks better. I said a while ago that I expected Porvenir to be turning some gold coin long before ENSA projects. It's quicker and easier to get out and infrastructure already there via Lundin to piggy back. More going on in the south of the country than the north right now. Be interesting to see what the strategic review delivers as could just be an ENSA sale. Think Mitsui would like the lot. Noted the Chinese (Shandong) appear to have made a move on Shanta gold today. The Chinese are snapping loads of stuff up and the likes of BHP and NCM just look heavy footed and tired. Mind you, guess we'll see what comes of OZ minerals bid pretty soon imho.