Member Info for Fortissimo

Scott got his 30m option awards at around 17p if I recall correctly. No wonder he's been allowed to hang around like a bad smell he knows he'll be doing alright from those 17p options. If he didn't... he'd be long gone.

Still grates on me and still not happy he hasn't been booted.

What's his role agian Dan apart from polishing Bob's shoes?

Pbow, no. I'n referring to July 2022.

BHP decided against making a bid for SOLG and instead went for Oz Minerals. Nothing to do with SOLG asset etc just a decision by BHP at the time to choose one over the other.

Apparently Mather also mentioned the 50p approach. Hence you can see exodus and change in company strategy immeidately after that bid failed to appear and then subsequent merger and the rest is history. 3 years on and after some key developments regioally, politically and based on SOLG being sub 10p for 12months +... I think they might be sliding the rule over us again. Lets face it... they really don't have enough copper resources under their belts and it's a key metal for their future even if they are still seeing out some legacy 'dirty' carbon assets.

I'm not saying they will make a bid... just saying that they were close to making one 3 years ago.

I don't think 50p would fly, but it would be a start and the chinese can fight it out with them or walk away with a nice profit on their low entry 12% stake.

FWIIW, I have it on good authority that the market had wind of a BHP bid in 2022. Sp was around 26p and then got heavily bought up to 36p+ and BHP were ready to make a 50p bid for SOLG. In the end, they decided against it. That resulted in Blackrock and others exiting (they were buying up ahead of BHP bid) and then the rest is history... out went Darryl.. in came CGP and the merger then concluded in Feb 2023.

The point is... it's very easy to get the sp into the key areas that make it easy for likes of BHP to sell to their shareholders.

At the moment, the sp is just playing catch up after being neglected for so long. As I said a while ago, it bounced to 13.5p based on hearing the $750m stream deal and then slipped back on the silence and moth balling of exploration.

The sp has to get back to basic 16p/18p levels before anyone would bat an eye lid here. After that, it's easy to get it back to mid 20's and then bid wars can easily kick off in mid 30's and end in the 70's without too much trouble. Getting to £1 is going to be very tough near term. Need some hefty block cave derisking to take place before we can get to £1. And lets face it... why would a major or the Chinese allow that to happen when they can snaffle this up for less than 75p imho if they are quick.

Not many sellers about compared to months past so stock becomes harder to gain and the mm's simply have orders to fill. They'll take it up to 10.75p TA level without a doubt if it means they'll gain some sellers.

Global X have eased up on selling / supplying stock too so that's a good sign especially going into the end of the month which is when funds tend to do their tidy ups. They have made a right b@lls up on SOLG by selling 20m shares or more at levels near 6p to 7p. They've lost their fund investors some serious upside there but it's minor in grand scheme of their folio which is in the multi billions.

Still... nice to be part of Global X fund in first place. Lets hope they turn on their heels and start becoming buyers again when new month starts.

Don't forget the copper stream... that's going to likely form part of the final investment decision but lets get real here... this will be in another pair of hands before that buy back royalty deadline kicks in circa May/June 2027.

It's all about how much they can derisk before then to ensure the best price for the asset. Chinese and BHP et al will not want to see that royalty stream go into full. They'll want to buy back half. It's common sense for a buyer and deliberately set up like that by SOLG to entice such offers near that time.

Blimey... talking of funding already lol! They've only just banked $33.3m (NON DILUTIVE) you willy wonka 2 vol au vents short of a buffet. Then there's another $33.3m NON DILUTIVE coming upon completion of phase 2. And then... if all agreed to progress, there's another whopping $650m coming NON DILUTIVE.

I suspect you'll be long gone soon so no idea why you are worrying about dilutive cash raises. They are miles off. Come back with your dilution fears after we've sorted tranche 3 so see you in about 12 months+

The important change of late is that the comms have improved and the last couple of RNS's not only have the drill holes results or hints of results, but they also have 'pictures' to support them... and clear timelines on what's coming next. We were told exactly what is coming and due on Pit 1... that news is likely next week on the next batch of assays. Detail on Pit2 as well. We are properly back up and running with ops on the ground with a team in G-mining that have proven experience and ability. The best bit is that if or when they seem to hit a hurdle and get delays (could be for number of reasons) instead of just going quiet like the old days.... what we get is news of a 4th or 5th rig to accelerate and make up for lost time.

In a nut shell, Dan is having to catch up on 2 years lost under Bob and his crew. 2 years of news starvation for investors. 2 years of drip drip exits by fund managers and II's as they lost interest. 2 yeas of no exploration... this list goes on. There was NO urgency with SOLG 2 years ago despite the 'fast and smart' claim by dippy Bob. The important process is underway... ground ops. Get those right and get some great results in an the market starts to believe again. Then you can start doing nice presentations and boosting the PR and 'detail' comms. One step at a time.

For me personally, Dan will be judged on what he can muster up on the regionals. I know the worth of those as do many others. But any pony deals like the recent $18m to the chinese buddies for 5% will not go down well. His biggest challenge is to get those regionals funded and retain maximum value for shareholders. There are some great licence blocks there and Ecuador is oopening the doors red tape wise... so despite the new land tax which may change, the ground looks ripe and ready for investors who want top notch exposure to huge upside exploration potential. Porvenir is worth a big wedge. So it's all about what Dan can achieve with that folio. He'll should be judged on that more than on Tandy imho. The latter is looking great and we have 15 more holes to come. Just imagine if we get some higher grades holes than the first 3! Just imagine if we hit a magic 1%+ find. It's 'open pit'... so big value and they don't even know where the edges/borders are yet!

Exciting times ahead but like most long termers and the bulk of those holding the 55% of shares in issue... it's not going to look or feel like a recovery until it gets back into the 20's.

For the other 45% shares out there in issue, the story is much the same. There's only a small percentage that will be getting excited at a move to 10p.

Remember, SOLG was higher than current levels when the world stopped spinning, the DOW crashed to 18k and yes... we were all told to where masks and stay at home.

Yep... the world's most sensitive period and SOLG hit 10p levels.

And here we are today... still below those levels... yes we have 40% more shares in issue... but we also have 100% Tier 1 mine when previous we owned just 85%.

When you compare where markets are today (all time highs on many) and where they were on March 2020... you'll see that SOLG has 5 years of catch up to be priced back in.

That's 40p+ any day.

Yep at 9.4p it presents compelling upside for near term players based on a simple return to last years level of 13.5p+.

And that didn't price in Tandy at all... nevermind the fact we are into phase two funding and due a regional spin off announcement (regionals were valued at zero 12 months ago by market).

The funny things is... all the other investment forums from advfn to others do not have any shorters posting alexa tripe.

So unless the shorter thinks the world spins around little olde LSE forum (lol!) I think we can be pretty confident that this is on eof our known knnoobheads and it doesn't take much to guess who lol!

What a loser.

Absolutely, just ignore and do not add oxygen.

The fact that they are here is very very bulllish. And what's even more bullish is the fact that they clearly have nothing negative to spin at all. If they had... then they would have gone for it. Instead... it's like a kid spitting out alexa feeds.

Love it. The more they post the better it gets. It's when they are not posting stuff that you have to worry. That's when they are comfortable. That said... it's also when they've exited lol!

Looks like Pit 1 all wrapped up in next 7 days.

Pit 2 underway and another 9 holes due.

Chartwise, rsi sky high so as I said... bit of consolidation after tapping the 9.25p area. Might not need much... possibly couple days and then off to test 10.75p.

There's absolutely nothing and I mean nothing to see this heading back very far so all the pull backs (and it's healthy to have a few) will get bought into by the smart traders. They know this is destined for 10.75p area and then after that back to test 13.5p.

Even at 13.5p, this stock is merely back to where it was when they announced the Franco Osisko stream deal for $750m. So all this progress at TAM not priced in yet at all.

Opportunities for shorter to close have been closing now but with a plethora of assays due and Dan seemingly understanding markets ... one would expect a nice steady drop drop drop of good news. And shorters with 18m shares to buy back really don't like that background at all.

Don't forget the news Noboa / Ecuador consolidated the various permit depts into just one oversight decision maling unit. Thus speeding up permitting.

Great news indeed and perhaps now we know why Franco / Osisko were happy to chuck another $33.3m in despite some boxes remaining unticked. These holes would have been drilled around Late May early cores known in June to early July is my guess. But anyway... the important point here is not actually these drill holes at all. It's the consolidation of ENSA that caught my eye.

"100% ownership under SolGold Finance AG".

That's a bit of tidy paper work and without a doubt a precursor something else... mmmm.

So just the regionals left now to package up and some dormant entities to deal with and hey presto you have a 'on-the-shelf-ready Tier 1 asset for any major or partner along with a nice exploration folio... one in the south and one in the north.

There's an earthquake of news alright... and it's causing cracks in the shorters pockets lol! Someone's not happy lol!

Well done Dan... I am detecting a sense of SOLG understanding how markets work at long last. Where have you been hiding for the last two years??

Now... remember... when those other assays are in (15 more to come) just drop them nicely into key TA areas and we can keep the chartists on their toes lol!

Happy days at last!

Agree DBW, this is where SOLG went so horribly wrong... mothballing exploration. That's the main reason we are where we are (we are still 4.5p down on where we were last year after Franco funding news 13.4p level). We live in a time when markets will buy a chocolate fireguard digital coin and price it at a billion. Yet a Tier1 mine capable of generating $0.5bln in profits per year ($1bln per year based on higher metal prices) is priced at a 95% discount.

So...to see some exploration return would be great news. The sooner the better. In this market, 1 decent hole with salivating assay results can see a £25m biz turn into a £250m biz in a few days.

We know Porvenir has significant value but we don't know what else it holds as they've mothballed it for 2 to 3 years. There's certainly unfinished business there. And then there's the other prospects... quite a few have potential to be Tier1 discoveries as the geology in the area appears to be very consistent and discoveries in south america tend to be 'large' rather than small pocket finds or patchy.

My only concern (it's minor) is what happens if they discover a very large open pit mine over the next year or so (post exploco float)?? If signifcant... would they 'shelve' Alpala? Would interested parties prefer to wait to see the exploration folio fully tested before getting the chequebook out for Alpala?? Sometimes you can devalue the interest in a Tier1 mine (block cave) by discovering a larger prospect with better economics. Of course, new prospects could take 4 to 5 years to prove up but that's the worry I have on exploco. It's a win win situation as will still equal huge leaps in the market cap but much depends on how much we retain in that exploco business post funding and cornerstone investors take their slice??

Getting back to exploration is what we needed most. And Tandy is currently classified as 'exploration'. I can't wait for these results. Exicting times ahead after being frozen in hell for the last 2 years+ by Bob and co.

That is indeed massive news and will have some super majors licking their lips. We are quite vulnerable at the moment due to share price near lows so having permits in place or the process of those permits does help with a recovering share price. That said, BHP and others have made darts for some assets that do not have the permits in place

The land Tax mining fee needs more thought as x hectar does not make much sense. But undoubtedly the news on streamlining the ministry suggests that Noboa might be metting mining companies halfway and delivering some meaningful redtape 'advancements' in return for some cash advancements.

Bottom line is, if artisinal illegal mining is the problem at present, then all miners in the country need to contribute 'fairly' to the policing of it. If policing 'lots of hectars' costs more than a few hectars, then understandable to see how they arrived at the hectar fee.

The advancement of permits and speed of the process could set Ecuador on fire when it comes to international mining sector appeal.

Looks like Noboa is literally copying Trumps plans for america and that's interesting as we know Noboa Met Trump pre electiions and then suddenly went on to win by a much larger margin than many thought possible. As we know... Trump needs Copper/Gold/Silver and PM's in general and Ecuador is not very far away from the USA at all.

This news surely inflates the price of the 'regionals' and potential southco spin out??? Majors and medium sized miners will be itching to get their hands on exploration licences now.

10p next week?

Chinese must be wondering whether their window of opportunity is slipping away from them.

stack who? bejesus... filtered that **** years ago.

just use the filter button and leave the paid derampers to discuss studd amongst themselves or their multi aliases. it's mostly cantonese conversing with mandarin anyway.

roll on next week. still lots of work to you but august and september looking very ripe for some tandy candys.

When you look at the last couple of days it's clear as mustard that 'they' (mm's call it whoever) we're just holding it waiting to see a few poor traders exit early. Then ... suddenly after some tinkering around 8p this am... the floodgates open. Hilarious.

Absolute farquing fruit machine ... that's LSE for you. If we were soley on ASX, I suspect we'd be $1bln cap plus now. Possibly more.

When will the London market start to become a place for fair value on miners rather than a place that overvalues the suited pension funds favourites??

Chartwise a breather at 9.2p levels before consolidation and then onto test 10.75p level.

Recoveries like this don't tend to need news to support them as it's more about undoing the poor market valuation and tail between legs correcting it.

If Tandy news is better than expected and drops after the consolidation, then might be the catalyst to get us through the 13.5p level which seemed a burden after the big news last year on $750m stream.

No rush... a steady recovery over next few weeks and months prefered and shake a few flaky traders off along the way. Nothing wring with that. Usual stuff.

Good summaries... also worth mentioning the 'Lassonde Curve' for newbies to research.

The Lassonde Curve

It's a graphical representation of the typical lifecycle of a Junior Mining Company from Exploration to Development.

SOLG were in the orphan period for last 2 years but are now (or should be) in the development phase. There is a clear correlation with the charts which suggests or confirms your view that a return to previous highs is on the cards as the project derisks and funding phases get executed. We are into the 2nd phase of 3 prior to investment decision and release of $650m. We also have a untouched copper stream opportunity with only minor royalty done to date on the copper aspect.

We have peers in Ecuador that are pre-PFS and are valued at 3 x our current sp. So regional risk certainly baked in and doesn't start to show until we break 36p+ levels.