Member Info for Fortissimo

Reading through it now.

Nice indicator there for g-mining costs on drilling. So Lundin say they've spent $35m drilling 88,000 metres.

A decent hole length is anywhere from 200m to 1500m. So alot of holes there.

We had set aside about $5m for the iniital TAM drilling but guessing we've doubled that? How many metres have we drilled in total is the question.

Yes noticed that Jerry... the region really is a super miners opportunity out there. So surprised that Glencore, Anglo, Rio et al are not all over it. Madness.

I thought Dan's recent linked in post praising Lundin was a bit over the top myself. Almost dripping over them. I wonder if he's getting along with them ... and whether they are interested in our ExplorCo? They have the staff to man the exploration teams required and virtually on site already. Mmm.

I think PBOW posted something a while ago and it looked like we'd need a few solid quarters with decent volumes and sp stability or something along those lines. I think the MSCI tries to avoid letting in any stocks that might be frothy or likely to pull back so criteria tends to be over a period of time.

We are getting though and if we got back into the 20's and stayed there for period of time, then I think we'd be in the next review. MSCI fund buying can see huge gains for lower volume/liquidity stocks like SOLG so that's certainly something to keep an eye on. I'll stick my neck out and say we'll be in the MSCI next year. No reason why not assuming the next batch of news is what we expect and Dan gets that ExplorCo moving.

I think if were to make it back into MSCI... we'd be 20p+ by now as fund managers anticipate and trade ahead on that basis. I think we stand a good chance on the next review.

RT, agree on the Trump influence with Noboa which is a double edged sword. Remember, Noboa intriduced the land tax levy on miners across Ecuador 'after' he had met Trump a week earlier. If you ask me... it was Trump's idea. Effectively it's a 'tariff'.

Their is a new race out there now and it's a race to get infrastructure sorted to inc the grid system. China are expected to be using up more copper. The same has said of the US. Both have been in a race for a while as we know but it's more transparent and opaque in the man babies era as he's about as subtle as a brick in the head.

So it worries me on what Noboa would do with this extra power especially if 'asked' by Trump in exchange for xy and z? Who know's? But if I were the Chinese in Ecuador, I'd be feeling nervous. It's the last sizable SA region to be significantly developed for mining and that won't have escaped Trump. On the pro side... it may well push through a deal on SOLG earlier than we expect and I imagine the likes of Glencore are a nice conduit for Trump and Co. BHP will also be in mix especially after Trumps deal or (meeting) with Australian Gov. Very interesting times.

Normally when a short is opened it's via 'loaned' stock by one of the major holders. Pro's and con's with it but some say it adds liquidity...mmm agree on a FTSE100 stock but not on a minnow like SOLG. Instead, it acts in a different way.

Now, the bottom line is... if Jiangxi loan out 18m shares, Actusray then take that stock and sell it into the market. When Jiangxi call the stock back, Actusray have to buy it back from market. Trouble is, SOLG have 2 x chinese shareholders on the book... well that's what we think. One is Valuestone and the other is Jiagnxi. So what's to stop Valuestone loaning the stock to Actusray, and then Jiangxi loans the stocks to Actusray to buy back and so and so on. In theory, Jiangxi and Valuestone could just play with the SOLG share between them... like a game of Tennis. It doesn't matter much if a few mil is lost here and there, what matters if the control on Price/share price etc. 1p on SOLG is worth £3m. 10p on SOLG is worth £30m.

I've never liked the fact that the Chinese can have a number of 'companies' doing effectively the same thing but under different notification rules due to how they play around with holdings.

Last point and the one that worries me... has anyone ever seen a Chinese acquistion of a mining company go through at a premium or fair price??? Most seem to go for well below the expected resources/value benchmarks. But I could be wrong. Happy to see examples of good value deals.

Last point, apart from accessing the share register, is there a way to find out whether Valuestone still hold their shares?? Perhaps someone could ask Dan the direct question. If he fails to answer, then you know all you need to know!

RodneyT, I used think the same but think it probably best that Mather sticks with his DGR. The latter has been poor for DGR holders and I think the markets in general would not take well to Mather taking over our NewCo. It's absolutey essential that SOLG shareholders have a 'substantial' majority holding in any NEWCo. There's no 'hopefully' about it. It's nailed on. If it's not, then Dan will have failed for sure. With Porvenir and the rest of the licences, it should eb easy to get NEWCO sorted and funded and SOLG shareholder retain at least 75% of that NEWCO.

Mather is no spring chicken and I think the markets warm to 'new' more youth management teams especially when Exploration is involved. We need a team that knows how to 'tweet' their way into the hearts of pi's and some of those crazy aussies over there that get very excitable at a grain of sand being extracted.

I think due to the limited 'staff' and costs associated with it, it makes more sense to find some common ground with another player already in Ecuador or one that has staff resources. I don't think having G-mining involved with ENSA and also a ExploreCo/NewCO is workable as that wouldn't be independent at all.

How many staff is required for a fully fledged Exploration company?

Can't remember the last time SOLG updated the 'share capital' so certainly interesting. Could it be down to the equity issued in October?

Application has been made to the London Stock Exchange and admission is expected on or around 8 October 2025.

"Following the issue of the 1,666,666 new Ordinary Shares, the Company will have a total of 3,002,773,641 Ordinary Shares in issue. The Company does not hold any shares in Treasury" END.

Hits new highs. Large volume too for them.

Market cap $1.5bln CAD.

And who says Ecuador based miners are not liked? Their PFS is due anytime now so clearly gathering momentum. Just imagine is they publish it and few days after Dan publishes our updated version which shows our asset to be streets ahead. What would the market do? We need 26p+ here just to get on an even par with them mkt cap wise.... as of now.

That's 50%+ rise from here... long overdue.

Totally agree Damers. Whilst I can see many advantages for AI, I think the markets have got well ahead of themselves. Awash with money... they are just creating another dot.com bubble. Seems to happen every 25 years or thereabouts with stock markets. From 1980's, to early 2000's to 2025.

And guess what... the market regulators are in the process of removing the requirements for hedge funds to update on their 'short' positions over 0.5%. Now they can just hide and manipulate to sor their own means... again. Apparently 'short' positions will still be declared but the hedge fund behind the short can remain a secret

All looks like another 'crash' waiting to happen and regulators already aiding and abetting! You couldn't make it up.

But if you want safety... Gold is the one they can't fake or print. Although I reckon if they checked the vaults... the paper contracts wouldn't match up lol!

So we had 7.5m x 2 trades slipped in the other day at 16.5p. And today, we have a huge UT (I might be wrong but think that's the largest UT we've had in 3 years or since the merger).

End of month tidy up? Just where does this stock come from? Is SOLG the new FIAT of shares?

Have a spooky weekend all.

I thought they might have cooled it a bit going into month end as funds usually take profits to boost the monthly end figure.

Global X COPX fund are over 40million SOLG shares now. They've been as low as 27m shares prior to TAM news but are now 13m higher. Highest they've been is around 50million shares seen before Dan arrived.

If we can get a couple or more other funds that start nibbling, then should see stronger sustained rises in future.

Remember, when we were over 20p last time around, we had the MSCI fund involved. If we could get back into that Index, then we really would be flying.

Also, I know we've seen this line before "Attracting significant interest from majors – multiple recent site visits"... but one does wonder which 'majors' are visiting Cascabel. Assuming it's not NMM and BHP... who is it or who are they? Could it be Glencore? Could it be Lundin? I wouldn't call Jiagnxi a 'major' but they might tick that box too.

These two catalysts appear to have been added... on latest presentation. Nothing that we didn't know already but nice to see them in place on presentation rather than just verbal. Looks like Dan's presentation all set for conference next week. Looking solid.

5) Resource/Reserve Update

Refined and remodeled resource and reserve based on more detailed mine design, updated commodity prices, and additional drilling at Tandayama.

6) Capex Revisions Based on New Plan

Updated capital expenditure estimates reflecting revised development sequencing, early-works scope, and optimization opportunities to align costs with the streamlined execution strategy.

You should get a TR1 If Asian Investment Management Services Ltd are involved as they should go over 6% unless they've sold down before the placing but within the 5% levels.

17.5m shares not massive but as above, might see TR1 here or there adding some clarity to the owners.

You've made several assumptions which may or may not be true.

1. The II's that took 47m shares at 9.5p may well be the same II's that took the stock at 40p today. So average is 16.9p.

2. The same II's may well have sold a decent chunk of those 47m shares at well above 40p in last few months. On that assumption, they are getting another 17.5m shares cheaper than potentially the 17.5m they sold at say 60p or 70p??

3. With an average buy price of 16.9p, they can happily sell off the 17.5m shares acquired today to pi's and still make a very nice profit regardless of the 40p initial price tag.

I guess the point is... II's are not that different from traders in terms of your example.

That said, a placing at 40p today is clearly much much better than the 9.5p placing. And that's good news for longer term investors.

The price of the next placing due in around 6 months will be the interesting one.

Looking good if we can maintain the high 17's or even 18's going into the weekend ahead of possible news next week.

Last time we headed into the Assay news, sp was 15.1p (Oct 10th) and Assay news landed the next monday, with 2 or 3 trading days tehreafter delivering the peak at 19.84p. So around a 4.7p move from 15.1p base.

Repeat the same from a base of 18p and sets up a move (at last) back into the 20's and possibly back to the 22.5p last seen when merger news of CGP and SOLG dropped.

Personally, at the 22.5p/23p levels, that wipes out the poor CGP sheeeet show and 2 to 3 years of utter dross. What it doesn't do is require back slapping or cap tipping. It's the very least we should be in a market like this. Dan gets a tip of the hat or serious recognition of achievements when he delivers sp growth past that 23p level. When he delivers CIPA. When he delivers ExploreCo. and when we see updated economics/PEA inc TAM.

He has a conference to present next week, so one would expect an updated presentation early doors next week... whether that's got assay batch results in it too... is anyones guess. He did caveat last RNS with end of Oct up to Mid Nov.

Heading into the sharp end of news now as only 7 to 8 weeks to Christmas and 5 to 6 weeks to AGM.

On a 6 month basis, it's actually circa 65million shares placed at a combined price of 16.9p for the II's.

2 placings done this year at half yearly intervals.

Why the xxck can't the mm's just do things in an orderly fashion. Why do we have to have these constant unusual large volume trades.

Don't tell me... it's Valuestone selling to Jiangxi and suddenly we have a bit of the 18m+ short closed??

Weird stuff