Member Info for Fortissimo

Lumina is good news for the SOLG in a number of ways as it shows active M&A IN ECUADOR and also it happened fast after the Noboa election win suggesting many might be ready to pounce now.

Don't forget Lumina also has a hefty PM deal with Wheaton Precious Metals Intl. so that's also factored in. Something like $300m or more.

Just lokk at Mirador or any number of Ecuador mining projects that involve the Chinese. All of them start with low hanging fruit production. The chinese are not daft... they are very smart. A bird in the shallow hand is as good as two in a block cave.

You may as well go after the easy stuff first and then reinvest cash flows to fund heavier budget more risky plays like block cave. If the latter fails, the chances are you'll still come out with a nice profit from the shallows.

I think the painful thing here is that the $3.5m budget that Dan has outlined is in a higher inflation climate. So the same planned program would probably have cost $3m at most 2 years ago. Imagine where we would be now had those works been done. Instead, Scott and Bob pi55ed away $100m and delivered nothing more than a cut down PFS which anyone with half a brain could have done with a budget of $10m.

The incompetency amongst SOLG BoD's which INCLUDES Danny New Boy... is breathtaking. And the best bit... they think it's all progress and worth a load of bonus shares in their sky rockets.

The local illegal artisanal miners have drilled more holes than Scott and team and have more knowledge than the lot of them.

Fecking waste of time. What exactly are all those NEDS actually doing??

DBW, good to hear.

So Jiangnxi short bought off hong kong hedge fund by Valuestone lol! You couldn't make it up. Seriously... the markets are easiy abused when you can have chinese entities just chucking stock around to suit their own means.

Anyway... that's only part of it. Full investigation getting underway into SOLG, Maxit, Osisko, and their chinese mates.

Oh... and just a hunch (or is it) but I think you'll be getting an news update very soon too!

If it is the shorter that has closed out then perhaps something got them worried. I wonder what that could have been.

Sometimes you have shed a little light on things to keep some order.

Your welcome.

Addicknt, you were asleep at the wheel under Scott's rule. You're now keen to trying to imply that the chinese were the only gang in town. That's not true. Some might begin to think you're a Bob buddy or CGP supporter???

How many months need to pass before you start to feel like you're not actually being told what's going on???

3 holes since June 2024 addicknt. 3 holes!

That's all you have been told.

Does that feel right to you? Giving options to Dan before they confirm all boxes ticked for Franoc second tranche seem right to you??

Remember, Dan the man was fully involved in that Franco box ticking.

So he should have waited until he told the market the news on the holes drilled since the last 3 were announced don't you think??

Chinese only gang in town?? You must be living in Scott land again.

And don't forget TSX. They have pretty tight regs so complaint proceedure pretty effective.

RodneyT

It's time to act. Time to put the wheels in motion.

No operational update for how many months??? 3 holes drilled since gaining funds in june last year. Of course, they have drilled more since (we assume) but we've been kept in the dark too long now. Dan should never have been allowed options to be granted until AFTER the Franco second tranche was agreed or paid over.

They've had it easy for too long.

They've destroyed the share price. They've given away 5% equity on the cheap to the chinese who Maxit et al have proven deals and connections with.

Not good and tantamount to insider dealing imho.

Addicknt, I tried to help you with my views on Scott but you ignored them. Do your own 'substantiating'. It's right in front of you. Why not write a letter to the FCA and teh chairman and for once act rather than just sit around ignorantly accepting the demise of your shareholding.

As many are aware, the CGP boys all work within their network and that means majority of people if not all... are part and party to previous deals Bob has done. Recent large transactions deals have been done with the chinese. Osisko are in my peoples eyes... a chinese firm hidden by a canadian front.

FACT number 1...

Within weeks or months of Bob and the CGP boys taking over SOLG from Mathers crew, they did a royalty deal with Osisko for $50m and followed that with a cheap (at the time) equity raise to the chinese Jiangxi.

Knowing what we know now, that should confirm in many minds that the chinese are the go-to for CGP or that CGP are working for the chinese.

More recently, we had an equity placement (the CGP shares which were part of the merger and valued at around 22p) were gifted to the chinese at 8.8p!!!!

They could have gone to anyone... Barrick... Anglo... I'm sure there are loads of interested parties in a 6% stake in SOLG at rock bottom prices. But no... they went to the chinese.

I guess the question now is what exactly do Bob and his crew get from the chinese should a cheap sale be done? Have they got other deals with the chinese ongoing? There's many ways that the chinese can enrich Bob and his crew that is unrelated to SOLG.

So yes... the Chinese look in pole position but the concern now is that our management are NOT working in the interests of all shareholders and instead working in the interests of the chinese and themselves.

With that in mind, I think letters should be sent to the FCA and SOLG chairman citing the related party concerns and highlighting the recent 'shorting' activity by the Chinese entity.

You might not think your letter or email will carry weight, but I assure you... when they get thousands and thousands of them, they have to deal with the issue.

So if you feel uncomfortable with Directors getting cheap shares and the chinese getting cheap shares and having shorts in play and director on our BoD's etc etc etcetc... get your letters and emails off.

SOLG's share price shows clear signs of manipulation over the last 12 months and the FCA know exactly what to look for.

Guilty parties should and one hopes be pursued and banged up.

I think all eyes on how the 'copper' stream plays out. Looks nailed on to be coming via Jiangxi but question is... are Jiangxi lining up a deal for the whole pot or are they looking at just the copper stream deal?

One has an early exit for shareholders and the other has a more risky long trodden path ahead. And we know Mather/Bob et al want the early exit foremost as do many after the last few years of CGP incompetence.

But agree on the sp abuse...not sure I like them shorting the stock but guess everyone is entitled to hedge / manage risk.

Whether some like it or not, Jiangxi are now our main and largest shareholder.

They have a right and interest to have someone on the board.

BHP and NCM had the same rights with the latter having a man in there only to then remove him when they didn't feel they were getting cheap shares.

Very interesting indeed.

Looks like at an All time high price for Lumina.

Bodes well.

Main backers of Actusraypartners Limited.

Looks a bit insidery to me especially when we have a certain Mr Liu on our BoD's.

SolGold PLC announced the appointment of Mr. Jian (John) Liu and Mr. Charles Joseland to its Board of Directors. Mr. Jian (John) Liu brings over 30 years of private investment advisory experience to the SolGold board, with a diverse background spanning multiple sectors, including mining, energy, technology, consumer, and healthcare. He previously worked as a partner at Valuestone Advisors for mining investments, as an advisor at Jiangxi Copper Corp.

So lets look at the history

1. Jiangxi actively buying SOLG stock in the 6's and 7's adding 0.9% to their holdings in open market

2. Then we have Jiangxi buying 150m shares in SOLG via placing at around 8.8p

3. Then we mysteriously have a 0.5% short appear based on hong kong fund to cap price below 8p.

4. Post elections, when the stock is derisked further, the shorter steps in to cap the rise and dent sentiment ... yet again just around high 7's.

5. Chart / TA suggests a move through into high 8's could trigger traders to move stock to 13p+.

6. We have a chinese insider on our BoD's and recently our BoD's awarded themselves cheap share options at 7p which was helped greatly by the chinese shorter on that same day.

It's all smelling a bit like a giant rotten haystack isn't it?

Actusraypartners Limited added to their short on 16th moving from 0.5% to 0.6% position.

They do seem keen to short the stock from anywhere in the high 7's.

If SOLG BoD's do any placing what-so-ever at sub 8p then that shorter is going to look like an insider.

They are clearly trying to keep the price down. With low liquidity ... a reddit style pump would see these guys crying into their truffle soups as no way they'll close out 18m shares without a hefty nose bleed.

Lots of eyes watching you Dan and Bob. Anything ugly and the legal eagles are going to be flying all around you.

if dan was 'new' then some might say that's just the way it is... new guy comes in and takes the reins and carry's non eof the past with him. so why can't he just bag his options at the prevailing market rate??

but here we are with dan... the man who was very much by the side of scotty boy and has been part of the management team that has delivered shareholder value destruction over the last 2 years+.

dan was appointed 25th october 2022. the share price 16p then. a few months earlier before the cgp boys arrived, the share price 36p.

for whatever reason, solg management seem to think that the recent share price decline is to do with market forces and nothing to do with them??? it's just what it is? ermmm nope!

the reason we are at 7p is because management were given $33.4m by franco in june 2024. and since they were given that cash, we've had one operational update on the progress they have made in meeting the agreed points to gaining the second tranche. that update was short and ugly. they had drilled just 3 holes.

personally, i don't believe management should be 'incentised' to do their job. they should do their job because they like it and are paid to do it. the markets have for too long been a place whereby the city players and directors involved with the companies listed.... take the utter pi55 out of investors.

it's unacceptable and in the same way that the highly regarded accountancy firms paid millions and millions yet for some reason sign off greensill's books or thames water or carillion and so on... utter failures to do their job properly... mirror those on remuneration committee's. these committee's are an utter farce and majority formed by neds happy to just nod their head and take their $150k home each year. what's the farquing point of them!!

the problem for us now is that solg now look like a bunch of ****s that are just taking the pi55 of their shareholders because all the shareholders that carry weight/and a punch in the markets like blackrock, citi, pru and so on have all sold out and left solg. we have no institutional player on board of any real punch power. norges are there and can cause some much needed shareholder action but that's it. so the headless chickens running the show and feathering their own nests are just laughing as they bank the cash while delivering zero growth.

one thing is sure... they are gone if they don't sell this biz by dec. no way they will make it through next agm if we dribble along like we have for last 3 years. we need to rid this company of these woeful cgp cowboys.

So lets just ponder the options at 7p for Dan and co. They are risk free of course as only needs to dip in his pockets if or when sp goes higher... but there's an incentiive there albeit a easy lower one to get the sp moving.

Soooo... what about Scotty boy? If we are to assume he loses his 30m options at 17p which lets face it... he won't be triggering unless something happens to see the sp head north of 20p+... he needs such an event in next 60 days.

Now the interesting bit is that the directors are OUT of a closed period as wouldn't have been able to issue the options. So if Scotty boy knows he's got zero coming from those 30m options and they will be lost... surely he'd be buying in the open market right now and scooping up 7p shares like Dan has just pocketed?? Same could be said for the other directors.

The lack of director buys at these levels is very concerning imho. Either they know they can get stock cheaper which would be a worry or they have been told they can't get folk excited by buying stock as Bob and co want the sp where it is??? And why would Bob want that? The concern here is that the next release that comes from SOLG is something like... regional exploration plan and $30m capital raise at 6p or something of which (ues you guessed it) Maxit take a large slice and cover their dilution easily enough while others get diluted. One last nest feathering before they get a deal done??

Lets hope that they aren't that obvious as I get a feeling there would be alot of angry shareholders out tehre if they did an equity raise to finance the regionals after all this time. Some might say they have deliberately created this situation. I can see legal action looming on the directors should such an event unfold. But lets see what happens... the Dan 7p options have alerted alot of people out there and there's a real lack of class and business sense coming out of SOLG right now.

As the dust settles after yesterdays shocking nest feathering by management, thoughts move to the forward story here and with drilling at Tandy due to start in just over a couple of weeks, at last SOLG gets back to doing what it used to.

What I really don't like about Dan's recent comments is the repetitive use of the term 're-set'. At end of the day, the only way you 're-set' is when you want to wipe everything that went before including every director on SOLG.

Instead, we have a guilty party that was directly responsible along with Scott and team for the $100m spend over last 2 years and delivery of close to zero.

A 're-set' is not possible with you DAN i'm afraid. What you really mean by re-set... is the share price. And you've re-set that to a decade ago or more. What's worse... you've done it against a bull market in metals lol!

And finally... a real 're-set' would be one whereby management do not line their pockets with cheap options rewarding pi55 poor performance.

A re-set... would be if you actually handed back options.

Fecking bunch of useless selfish individuals who are on the chopping block come December.

Well... at least we'll have something to look forward to news wise over the next few months.

I'm more keen for an update from the company on where they are with the Tailings geo works.

If they can rustle up some rigs to drill Tandy... then does that mean they have finished the drilling on tailings sites??

mmm... might have some more news on that soon. My guess is this week.

News was always going to flow again once elections out of the way.

Shows how far they can make $3.2m work. Begs the question why they needed $33m to sort the tailings geo works inc admin lol! So that's $3m for tailings and $30m for Directors salaries and lunches then?

If Gonzales had won, Orphencopper would be wetting himself with the plummeting SP.

Seriously.... the guy has spent so much time bashing the stock that he's actually now incapable of seeing the good events or a share price turn around. 1p moves might be small... but you gotta start somehwre when down at these low levels.

1p gains soon become 2p gains or 3p gains and so on. Get back to 13p levels and we are still around the level when Franco deal was announced last year... so that would present zero progress but still a darn sight better than half that price.

Like I said a few days ago... the market can't really price Solaris Warintza at near £400m and then price SOLG's Tier1 asset and folio at less than half of that.

Alpala / Cascabel is easily 5 x better than Solaris asset/folio.

And that's proven by the likes of Franco/Osisko signing up to a potential $750m funding package.

SOLG should be at the very least be around £600m (20p levels) against a Solaris Resources market cap of £400m.