Member Info for Fortissimo

Bozi, honest opinion doesn't make it fact or any more reliable. It's your opinion and you are entitled to it. As are the rest of us. So happy to beg to differ and all that but your post or repost doesn't quite add up does it? And as for June... now it's August... I hate to break it to you but Ecuador did have a little mini wobble recently which might have delayed things somewhat. Just my opinion, but you don't sound like you are invested. You sound like you checked out a while ago. No problem with that... but 'honest opinion' and all that??? Really! If you are still invested, then the question is WHY and what positives do you see coming up? Pray tell.

Bozi

What's desperate about repeating a Media article ? Speculating on bids? I think your deramping is more desperate Bozi.

FOMO lives and breathes here. You'll wake up one morning and wish you hadn't sold out. Just buy back in and stop trying to downplay SOLG.

Damers

Not a surprise as they are all pretty poor stocks. Plenty of better stocks out there.

Question: as per the (2 sources required) article in media a few months back... who believes NCM and BHP got together to discuss lining up a bid for SOLG??? Was it a made up story? Or a genuine one? Did NCM instigate it or BHP? Does NCM want out? Or does NCM want in?

Norges in a rush to buy themselves up toward the 4% level. Blackrock in a rush to rebalance their 5.3% holding with buying up a quick 1% (from 4.3% holding level) which pushed the sp to 35p recently. Why are the big players all buying if they knew they would be getting a decent wedge in an equity raise cheaper? They are not beginners. Blackrock know what they are doing. Look for the buyers (weeks ago) and not now. Be aware of those that get themselves nicely positioned well ahead of the 'main event'. The smart guys know what's coming.

SharketMare, I didn't say BHP would make a move for SOLG did I? I said if NCM want to get the ball rolling and significantly increase their 13.6% holding worth, then all they have to do is chuck in a low ball 45p bid and watch BHP come in and counter it as my point being.... BHP can sit and wait but eventually if someone else bids then BHP has to make a move assuming they want it. Ask yourself this... why are NCM still here? Why are BHP still here? What are they invested in SOLG for? BHP is the worlds greatest miner by size and talk of them having a dart at the huge Glencore empire. And here we are little old SOLG with BHP holding a 13.6% stake and seemingly frustrated when they see 1% royalty on the asset go to someone else.

Lets not play games here. Lets try and understand NCM's mentality. Are they in this for long run? Remember, NCM were here first and BHP followed. Both have holdings near 32p+ averages I believe.

Remember, Noront was trading at 23 cents and nothing volume weeks and days before BHP slapped in a 55 cent offer. That's fact. Some people conveniently like to ignore the facts. Noront eventually went to Wyloo for 110 cents leaving BHP tail between legs and looking rather weak.

Cat amongst the pigeons is will be on the way soon. BHP might be on the losing end yet again.

Sentiment low and investors fed up (well a handful or so on here) but nonetheless, it's perfect bid pitch time. You don't want to bid when investors are bullish and happy clapping. You want bid when investors are using terms like 'car crash' and generally doing the opposite of ramping.

That's when you want to slap in a bid. Remember, there's at least 50%+ of shares out there that are not in 'tight hands'.

Like Noront, when it starts it will be fast and many will be scrambling about paying 40p or 50p+ just to get a look in. Everything set up perfectly and looking great from where I am sitting. Ignore the noise... ignore the low volume nonsense share price and just focus on how bids arrive and come from Super Majors other entities. For instance, if NCM really wanted top price on SOLG, all they'd have to do is launch a take-over bid at 45p and just watch BHP come drawing out with a higher number. No one wants to start the gun because all want time to see if they can strengthen their current positions. And that includes SOLG BoD's who incidentally... got their share option awards out before they apparently sought cash raising via markets or strategic partners. Tick tock... it's coming. Without a doubt it's coming very soon.

Truffle sauce of course Bubble.

It's premium.

Yes boring as hell waiting for the imminent multibillion dollar bid approach.

But it's coming... according to my source. And no, I won't share it.

Largest ever crowd at Wembley for Football match. No fighting outside the stadium or inside the stadium. Children in the crowd. NO bottles thrown, no ****** chants, no thugs anywhere.

Breath of fresh air indeed.

addicknt
I don't think it's the BoD's / SOLG you should be having a pop at. There's no way on this planet that SOLG would have a fund raise lined up and then fail. These things don't happen because they are always talked through first and pre-approved - then the book runners and all involved get appointed to action it. It's my view that SOLG sought the two major shareholders agreement and parcipation in a fund raise. Terms were agreed. This week appears to be the week when it was going to the press. Then... out of no where the two big shareholders decided to pull out or try and renegotiated terms at the last minute, an underhand tactic no doubt. SOLG were forced to pull it and review options one of which might be Boliden or Franco again and we know that is likely to launch a low ball bid by the big two or one of them. Some say... bring it on... but the difference is a bid now is not as good as a bid in 7 months time post PFS update and some Porvenir PEA / MRE3 work. It's my view that the big two got together in May (as per media story) and decided this would be their plan. Choke off SOLG's funding plans toward DFS, make life hard, cause disruption at board level (tick) and rattle private investors with lower share price causing some to sell out or through fatigue to move on.

Then bang in a bid and present themselves as the white horse. Capable of rewarding shareholders now. Capable of moving Alpala forward faster and in a better way for Ecuador. Capable of accelerating the entire regional folio. Capable of funding it all. The great savours... coming in to save the day... oh but sorry we can only offer 40p a share. Take it or leave it. And if you don't take it, well... it doesn't look pretty does it.

That's a classic set up for a bid. Problem for NCM and BHP is that they don't hold enough stock to put someone like Barrack off from counter bidding. And just for the record, Irwin is quiet because I believe he signed a deal with SOLG to 'cooperate' which includes no public moaning and to be supportive.

A bid will come as the scene has been set. Fund raisers don't fail unless someone pulls out last minute and that could only be NCM and BHP. It was deliberate imho. All my opinion etc.

The rig hasn't even moved to us yet and it's hotting up. Serious momentum building now and even if the market goes for another flush out ECO should be resilient as the impact catalysts of drilling in a sought after basin very desirable. We've had good news from Exxon drills recently and if Repsol deliver with BeeBei-1 then we should be in hot demand. Like Harel mentioned a while back, we could see another very shrewd JV or farm out before the drill bit starts turning. ECO very exciting stock for next 3 to 9 months based on upcoming drill plans.

Talcum, completely agree and that's the approach that NM took last time with Franco. But what happened after that was toys out of prams stuff from NCM and BHP so guess if SOLG went the same route then BHP might be forced to bid as the 'asset' is being eroded in their eyes. And it's their 'asset' in their eyes lol!

So if you were SOLG and wanted another 12 months to prove up Porvenir and Helipuerto plus add $1bln + to PFS... would you stroke the the backs of the likes of BHP and NCM or wind them up?

You never know, the reason why the funding did not get away may have something to do withy NCM and BHP being asked to sign up to a 12months or 18 month lock in (or ban on bidding for company) etc like last time around... unless some outsider bids. Remember, NM wants 'time' to rinse and repeat and believes the rest of the folio is worth so much more than Alpala. If BHP and NCM were against being tied down then no surprise that SOLG would have walked away. I reckon it's along these lines as one tries to squeeze the other and the other tries to buy more time. More time means more 'value' generated... well that's the idea and that hardly aligns with NCM and BHP's plans if they want to swallow SOLG on cheap!

TSX at 33p equivalent - LSE slowly catching up. Looks like seller cleared now or almost as stock reacting well to buyers. Looking great as we head into August and all eyes on drill rig as should be completing it's work now and heading to us in couple of weeks tops.

Was a few large blocks at 26p but now removed. Not much on book to stop 26p and thereafter, nothing at all to 30p. Looks like a book that is light on confidence and perhaps expecting some news. This could be into the 30's in a flash should a 'launches strategic review' rns appear.

If you were a financier, and SOLG approached you for say $100m and you get shares in company then you most certainly would be asking the question about what happens after that? Are you going dilute me after DFS?? This is the problem at this juncture. It's ok raising $40m for exploration as that has upside and real accretive value. But the $100m or so that 'might be' required to DFS is just a stepping stone of which the next stone is unknown and could be a drop into a steep bit of water. Nearly $3bln is needed to get this mine into production. Hence why the likes of Boliden and Franco are popular choices as they are at the end of the chain... they are banking the end product and not taking shares. IMHO, we don't need much cash to get us to the updated PFS. Possibly $20m or so. But we likely need $100m in total to see us through to DFS. So why not do a small fund raise and throw in a small bit of regional work on Porvenir to get PEA or MRE2 or 3 sorted. And then deliver the $1bln extra on Alpala - then seek JV or full asset sale deals. $26m cash will only last to October/November based on previous burn levels.

Ship, Noront had first 55 cent bid by NHP on July 27th. Winning bid was 110cents and BHP ducked out on Dec 22nd. These things take time and we are only just getting into it. Noront was 23cents prior to BHP's first bid. Are we going to see SOLG at 23p before BHP offer 55p? And then we get bid up to 110p???? You never know. SOLG's folio goes deep into Ecuador and offers a super major many opportunities to add value and derrick.

There's been a few on here that have lost the plot. Completely flapping and over reacting. TSX was calm waters and even ended around 27p level. The RNS yesterday wasn't anything unusual and of course it suits the 'city' to get all rumoured up. The reality is, we are as we were last time around and I suspect NM will not want huge dilution. So if Boliden offer a decent wedge for 1%, then lets take it. The super majors can by back 0.5% at later date and if BHP don't like that then they really need to stump up some cash to fund SOLG at 40p+ imho. SOLG has proven several times over that they really have no problems getting funds it's just pleasing all shareholders is not easy especially when the big two want you on the cheap.

If SOLG put this into a 'strategic review' which is parlour for a auction or open data room to bidders etc, then BHP and NCM are very exposed and vulnerable to a big bid from a competitor that may be waiting in the wings for years. I said a while ago, the best way for NCM and BHP to ensure they secure the Alpala asset is to get SOLG to partner with them in some form. Basically close the door to predators (outside of BHP and NCM). Of course SOLG don't want to do that as could be a slow death.

BHP and NCM imho have not shown 'partner' credibility and instead shown out of hand disruption techniques (last years AGM and board persuasions) and therefore the best way forwards is to forget exploration folio and instead do minor capital raise of $25m and finish PFS off with $1bln plus added to it. Then open doors to an auction process. That's it.

Bozi, you forgot the potential for a bid war.

Do you really think that SOLG is not on a number of super major miners radar. Barrack were having cosy chats with Lasso recently. I simply don't agreed at all that things look perilous - that's utter nonsense. I highly suspect the opposite... the long awaited reality of SOLG monetising the assets is upon us as the route to finance for another 12months and year after that and year after that has run it's course. It's now about selling the assets and doing the right thing for Ecuador and their people and flipping well handing it over to a cashed up super major that can get it all moving faster than SOLG ever could.

Guys we've been here before. This is the same playbook as last time around. SOLG approach BHP and NCM and other larger investors and say ... give us $100m for ENSA and $40m for regional exploration at 30p or 32p+ etc. NCM and BHP then come back and say nah.... lets do it at 25p please. SOLG then say, nah... we'll do the $40m at 25p but the $100m we'll do via Franco. Deal done and then BHP and NCM chuck toys out of pram. Remember all that? So what's different this time around? It's clearly the same script. But this time, NCM and BHP 'want' SOLG to go down the royalty route so they can then kick off properly and force huge amounts of change and then eventually seek a low ball offer etc etc. I'm telling you.... this is BHP and NCM leading SOLG into a corner .... either take our low price equity raise offer and live on for 12 months or go the Boliden or Franco route and live on for 3 months and you'll all be jobless.

Personally I can't believe the share price isn't 40p based on recent news and rumours as this looks like it's going one way only and that's a sale or a 'strategic' review. It's what we have all been waiting for. Shame we won't see another 2 or 3 tier 1 projects but hey ho... there are other miners out there to invest in. SOLG has gone as far as it can. PFS is out of date already and not suitable to a super major anyway... might fit with SOLG's self fund abilities but super major will scale it it up faster with greater payback in same amount for time. Rumor was a bid approach in June, so if ball gets rolling in July, then that's pretty accurate by all accounts. Sit tight, SOLG has amazing assets and the super majors want them.