Member Info for Fortissimo

I'm not swallowing that one myself... but it it what it is.

Eloro.... lets move on! We need Scott on board to make the tea and coffee for Dan.

Seriously matey... it's time to let go. And that's rich coming from me!

any bid now would likely be ongoing and eventually have to factor all of tandy in so think they may as well wait until tandy drilling all sorted. which is why i think dan should be chatting with franco and seeing if they will let him spend an extra £2m of ensa funds to drill another 13 holes or more.

this is exploration... and the longer it goes on the better imho. also, more importantly, it certainly warms the ****les up on any exploco plans when released. nothing better than having a folio of licence blocks that could... might ... may be sitting 4m's above a carpet of gold and copper.

those poor buggers selling yesterday have been mugged. they'll feel bad today (and you can see the names which are missing in action) but they'll feel significantly worse next week is my guess unless they jump back in. but each to their own.

the grades near the very edges still look commercial... they are supposed to yield very little hence 'closing' the defined area. some areas still open!

"....and potentially expand the current drill program". END.

They would be utterly mad if they didn't chuck another £2m at this and drill another 14 holes+. 4 Rigs already on site. Team already on site.

I guess we need a few more holes/assays in before we know where else we need to test.

Some areas still 'open' by looks of it.

Addicknt, I'm highly suspicious of them to be frank. Hong kong based (essentially chinese) and their short appears just before Ecuador elections and likely preceded the equity placing to chinese. Eg.. they capped the stock to suit their means.

No fund in their right minds (and I mean even the cramp ones) would short SOLG at multi year lows with huge drill campaign ahead and exploco plans. They would have to be suicidal ...

Only reason that short is in place is either a hedge against Tandy drilling (that's fine and fair) or was required to cap share price for period of time and suppress interest... which it achieved to some extent.

But with Tandy recent good news, I can't see the first point being required anymore. They may as well removed that short and then stick a short on in the high teens if a hedge is their game.

Perhaps today's news is the one they were waiting for (33% of hole results in) before closing the short?? If that is the case, then I think we'll see 16's and 17's on the board next week.

Agreed Grundles, but 21p is just the recovery target required to align with Ecuador miner Solaris. My point being, Solaris's Warintza is rated by the market as £650m worth right now and that's before their PFS is done.

Alpala is 2years+ more advanced... double of triple the size of their asset (and I'm being generous as still awaiting their recent drill update).

So 21p+ just to align with a miner that we used to be priced at twice their level or more.

So 42p would align us correctly albeit 'market rated' rather than resources/benchmarked priced.

That alone should be worth 3p a share pop as market has valued the regionals at zero.

Dan... you are playing this one very well. News timing perfect and aligned with TA too. Coincidence... I think not.

Keep that strategy of comms going pad the assays out (as you are doing) and let TAM news rule the roost.

Then when TAM done... then release Exploco news when market back from hols after St Leger day as they say.

Last thing... pick up the phone to those muppets at GlobalX ETF fund and tell them to get buying again. The story has changed and there's a new sherif in town.

I'll brief you on next stages soon. Now ask Scotty boy to stick the kettle on again please.

They are now 90% down on their 18m (shares) short.

That's just going to get worse and worse. At 21p they will be have serious nose bleeds based on that position in context of the trade.

If BHP banged in a bid ... they'd be toast.

I think this is beginning to look very viable. Without a doubt this is exceeding managements expectations imho.

If this drill had been done and news had been released a few years back, we'd be in the 50's.

The market needs to seriously wake up realise that the Cascabel and the surrounding area is looking absolutely ripe for a super major now. Even Mrs G and Hanrine will be doing a dance on this news based on their licence blocks proximity.

We need to be 21p+ just to align with an inferior equador miner. We are twice as big as them and some!

Ecuador peer Solaris Resources valued at £650m market cap with asset 'Warintza'.

SOLG more advanced, has much bigger asset and has much bigger stream deal.

Solaris £650m cap

SOLG £400m cap

Just imagine if or when they announce they are in bid or jv talks.

That's the thing with markets and risky trading (in and out stuff) is that the market locks you out the minute the good news comes in. Bit naughty really.

The SOLG FOMO continues and with 10 more holes to come plus the exploco it's hard to believe that even the dumbest LSE market around can price this below other Ecuador stocks like Solaris. The latter $1.21bln market cap (cad).

SOLG needs to add over 8p before we even align with them and we are way way better.

Flippin heck... 8m sub surface.

Can the spades out and dig the stuff out and flog it lol!

Talk about 'right under your nose'! Well done SOLG. That's serious low hanging fruit.

More holes to come.

Great timing on RNS. Technicals had cooled and were nearing oversold.

Slippery fish this one... just when you think you can top up cheap... it slips away and shoots higher.

You can't raise cash for nothing. So by that definition all cash raises come at a cost. However, if raising cash via equity in a pony poor incapable valuation market... then shareholders get hit heavy on dilution. This is how the market 'screws' shareholders. Particularly on miners or O&G sector. Not many assets in junior hands can handle large stream/royalty deals. Some might be able to muster $50m and as in Solaris Resources (Ecuador miner) case... they've managed $200m. But none that I am aware of ... none... have managed to secure a pathway agreement for $750m. And that doesn't include the copper.

It's always about the asset and the asset is so large that the stream deal means not a lot to a big major although they would like to by back 50% of it before Mid 2027 if they plan to buy the asset out as makes sense.

So no... the stream deal is not 'dilutive' in terms of hurting shareholders. It's pretty minimal stuff compared to the alternatives.

Only great assets can attract such large royalty deals at such an early stage.

Stackhigh not stackhouse... now the latter would be interesting wouldn't it!

Just got off the phone with a firm that hire's bashers and they can't help either. Apparently it's usually bored housewives or house husbands that sign up and recently they've all be opting for onlyfans sites as get a few quid more for their efforts.

Anyone know where we can get some decent bashers on here as our current batch of bashers looking tired now. If Stackhouse and nerdy brain spent more time on it rather than on their onlyfans sites, then might be some hope for the 12's again?

Flippin heck.... come back .... I want some more in 12's!!

Damn... come on bashers!!! Where are you??

Oh well... happy with 13's as still nice 6 or 7 bagger from there.

These bashers are utterly useless.

Can the bashers try a bit harder please. Some of us are keen for more of these golden tickets in the 12's.

Just when you think it could go lower it shoots higher... like trying to catch a slippery fish.

Me thinks the mm's trying to play the technicals but not getting much joy lol!

Only way to calm that RSI down is either take it much higher and then cool it down or ... tread it sideways for a few days.

Sorry... was referring to the Amendment to Environmental License 1 (Concession Infrastructure).

Due end of this year. And important.

So bids around this time next year would be about right but I suspect it will happen long before then.

Need to get TAM sorted and TSF finalised and key permit sorted at year end.

The 50% buyback clause expires after mid 2027

Hence... it's been set up precisely to attract a bid or jv deal well before then imho. You'd need to be bidding and sure of winning that bid before you could entertain buybacks on the royalty. So offer would need to be tabled or deals done 6 months in advance. It can happen alot earlier but the deadline is mid 2027 on royalty stream unless it gets changed by Franco and SOLG which I doubt.