Member Info for Fortissimo

Sofas?

Looking more like OKA or Conran.

The markets been asleep at the wheel for last 12 months and now showing signs of waking up.

It's been pricing a ferrari like a Daewoo.

I do wonder if SOLG is getting a bit leaky these days.

We had a strong rise last week 'out of no where' and then we heard news about Noboa scraping some red tape mining departments making things more streamlined for miners. But then we had assay news on Tandy holes 1, 2 and 3.

If the assays on holes 4 to 9 are better than first 3... it's really gonna get the rsi on the chart going off the page!

Roll on next week.

Great volume. Last few days it's cooled off a bit as expected but alot of traders would have ducked out after the first spike to 10.7p and they'll be getting a bit annoyed if this tests 13.5p resistance first before cooling a little.

Remember, we tested 13.5p last year when Franco / Osisko $750m funding stream was announced. And we've made much better progress since then as have metal prices and market in general.

13.5p should be the new 'bottom' if news ahead delivers. Many moons ago, it was the bottom bounce area on Covid news (with exception to the 10p dip).

Long long way from covid now yet we are still trading below covid fear levels. Bonkers market!

Yes it's part of the IMF requirement (do away with surplus jobs/wasted departments etc). I guess the greens are upset that the bulk of cuts seem to have come from mining / environmental departments.

Well, he wasn't gonna cut jobs from his banana export business was he! Incidentally, did anyone hear the story about Noboa 'Narco' bananas? It was pre run offs some prob fake news from opposition party.

Solaris resources market cap £610m

SOLG market cap £305m

Half the price of a player in ecuador with an asset that has not even progressed to PFS. The asset is no where near as good as SOLG's Alpala.

Market clueless?

Most believe the short is via the Chinese so it's largely irrelevant and likely a hedge. If Jiangxi loan Valuestone 30m shares, then unless it's crossing TR1 levels, you won't get any notifications. If or when it gets unwound, it's just going dissappear and you'll get the usual large block trade issued at 5.49pm on a Friday in the future etc etc.

Shorts are very rare on SOLG. The last short which was very similar size (0.5%) was opened when the last placing was done to the chinese at 17p/18p levels. It was also same time Osisko (I believe these guys are merely working for chinese too!) took $50m royalty deal. There are some big players involved with SOLG. Franco are by far the largest 'investor' although you could say they are our largest funder. They've already shelled out over $200m.

It wouldn't be unusual to see any of the big players take a minor short out. The short was opened pre Ecuadorian elections (risk) and Pre SOLG 'reset'. And pre Tandy news. So it arrived just before tranche 2 was expected and as we know... tranche 2 very nearly didn't arrive. It arrived by virtue of changing the goal posts somewhat. Until Tandy is all done and dusted, there is still a small risk (IMHO) that TSF is left unresolved. Bottom line is... first 3 holes on Tandy have been great. If more holes come in great, then it's looking very strong indeed.

As for SOLG liquidity, it's proving alot harder now to gain 250k blocks. I know as I added one recently. If there is a shorter out there that needs to buy back 18m shares, then it's not going to be easy at all without sending the sp into orbit.

So again... if that short disappears and the sp hasn't gone into orbit... then you know it was the chinese. They are the only ones that can just make that short dissappear with ease and without spiking price as they just sell from move stock from one entiry to the other.

Dodgy as xxck if you ask me but there you go!

Hoping to see alot of funds coming back in now it's a nw month and potentially many more come Q4 and post Tandy news.

Having a chairman helps! Having a chairman dip in his own pocket also helps!

£3m stake sold ... not exactly big bucks is it. Barely pay for their lunch bills.

They hold around £30m worth in SOLG which would be worth around £300m if SOLG went for £1 which is doable.

So divesting £3m of a stock that looks pretty uninspiring not the best bench mark indicator for their divestment plans.

I would be very surprised if they sold their stake in SOLG at these price levels. But if the price gets to 25p+... who knows???

"Anyhow…Smiths share buy suggests there is no news coming. "

You mean that there is now news coming that HASN'T already been made publically available. So news on Exploco has already been aired and if or when that lands, you've already been told it's coming. Same for the Tandy drill results/assays.

So your post is nonsense.

Shoud news arrive that they haven't already told you was coming then that's a different matter.

Lost about 5.5% yesterday in the great trump copper crash... well not exactly a crash but a hefty reversal after rising on Trumps earlier promises only to be let down... bit of trumpy hokey pokey as they are calling it. In other words clueless... but lets move on.

So SOLG's best benchmark being Solaris (albeit they are behind us and inferior asset) rose 4.5% today.

https://uk.finance.yahoo.com/quote/SLS.TO/

Copper crash? What copper crash. FWIIW, I actually think we would have dipped by 3 or 4 % today regardless of Trumps antics. Pull backs are healthy and we were due one.

Solaris are also in Global X copper fund so useful benchmark to keep an eye on.

Blimey... DGR certainly hav ethe inside track don't they (or Mather does ... which is to be expected).

Bit that caught my eye was "assessment of the long-term cash flow value of the other 82 % of the resource not assessed in the study."

Flippin heck... are we now looking at tapping long term projections in beyond the 20% resources defined already (or as DGR says 18%... mmm!).

Numbers would look very pretty indeed if the model on 25% or even 30%.

Chinese behind that as well eh? That's my guess.

Pbow, I'm not sure the government would be fuming. Perhaps Noboa is executing the art of the Trump bluff? Afteral, they did have a cosy chat at the white house pre Ecuador elections didn't they.

What if Noboa has decided to set the Tariff (I'm calling it that because that's Trump world stuff) with deadline deliberately to bring miners to the table and negotiate/listen to what they propose as an alternative or as a different model?

If Noboa walks away from discussions with no land tax (tariff) but some form of contribution to policing the illegal miners... well... that's a result for him.

I think he'd be fuming if no miners are moving on discussions and all are filing legal challenges which will cost him millions in legal fees. I think he'll be well pi55ed off then.

There's always a way... just needs discussion. But agree, I'm struggling to see how Dan can launch the exploco plan with this issue firmly up in the air. Perhaps he knows it will be sorted in a few months and the exploco won't happen (actually be implemented) for 12 months+??

Do you want a signed poster for your bedroom wall too?

There are 5 conferences lined up for September to November... so you'll have plenty to listen to and read.

Chill!

But there is no crash in copper prices on an average monthly view or yearly view. Copper is actually up 10% YoY.

Copper is currently approx 20% or 25% higher than SOLG's sensitive PFS workings.

And here's the best bit buffet... when copper prices RISE and they will as there is a shortage looming... what do you think happens to SOLG's exploration and development?

Or are suggesting that copper is going to actually genuinely crash to lows sub $3?? According to Goldman Sachs and a number of other brokers, Copper pricing is forecast to be much higher in the future. Ask Alexa to give you the data on that and then cut and paste it into the BB. Or use the mandarin translator and you can do it yourself?

Just shrugged off Trumps copper tariff's. Some commentary now saying that it's bullish for copper!

Lets face it, the story for copper was strong before Trump started messing with it. It's up 10% YoY after Trumps crash whcih was incidentally self fuelled from $4.50. So Trump pumped it to $4.50 and then pulled the rug (prob after his mates had sold wink wink) and now it's back to where it was before Trump messed with it.

But it's going higher and Trump knows it. He also knows that the US is woefully short of the necessary precious metals to be competitive in the next decade. He won't be around then and some even think he won't end his presidency in full either once those Epstein files come to light. He looks and sound slike he's wobbly now and becoming weary from all his tariff porkies.

Truth social Trump... so where's the truth on Epstein then eh?? Or only 'truth' when it suits you? Mmm.

I don't think he can speak english... probably only mandarin so might explain why he's just using an inaccurate alexa style cut and paste.

As for the Trump... the problem for him is that he keeps saying he'll do stuff (like Copper Tariffs) and then when he announces the copper tariff's 95% of copper that US needs is basically exempt lol! He's not actually slapping tariffs on very much at all.

The US has next to zero refinery for copper as it's max'd out already.

Countries and trade partners are learning that Trump is the king of bluffs. Just let him do his thing and don't give in and you'll see who blinks first... as proven already on numerous occasions. Trump is full of bluster. He said he was sorting out Putin and Putin just shrugged his shoulders and has made a complete fool out of Trump. As have the canadians.

Eventually the market will learn to deal with him, but markets like volatility as that's where the money is... so they are more than happy with his child like economics.

Would be good to see other directors buying too... the CEO buying would be a welcome sign too as we wouldn't like to think he just wants free cheap options would we?? No.. bit of proper skin in the game would do... out of his own pocket.

Well done Paul mopping up 250k at a 'trader' like price.

Director buys welcome but surprised you could buy them before Regionals exploco details are public.

Copper price virtually back to what it was before Trump started his kid style tariff economics.

Actually, copper is up currently up 10% yoy.

We arent exactly benefitting from the surge in copper price are we?? So not sure why we would suffer from the US related correction.

Looking at TSX a few miners with copper focuses but not producers have barely moved. But some are down by 5 to 6% which will be related to ETF's. Luckily... we do not feature in the MSCI and minor feature in Global X copper ETF.

It has to pull back at some point but everytime it has attempted to pull back, it's surprisingly been met with strong buying.

RSI's can cool down with basic sidelining or trading in a tight range over period of time.

I guess the point is... it might b overbought on a TA basis but it most certainly isn't overvalued or has got ahead of itself. It's still playing catch up after 2 years of going literally sideways.

I know a few who are waiting for a pullback, so I'm guessing the mm's won't be too generous for too long.

They were getting easy stock supply from Global X fund but that's certainly slowed up and only 1 day left for month end. They might start buying again come August 1st. I noticed that they've been buying into Solaris Resources lately. But then again... it mainly a copper ETF.