Member Info for Fortissimo

Agree - anything less than 16p a share for the CGP shares will be a huge failure by Scott and Bob.

Lets hope we don't need to issue them at all.

Well..... lets tale the most obvious and simpliest of non dilutive capital raises and use the CGP 157m shares as an example ... numero 1. So lets say Bob/Scott have already pre-agreed these shares to be sold at XX price. That might be 10% or 15% premium to the sp for the benefit of acquiring a large 5% stake... or additional stake etc.

Now... if you were Bob / Scott... when would you announce the fund raise deal?? Would you announce it when we have $5m cash left or $1m left? Eg... in organised manner or leave it to very last week ot two?? What's the advantage or disadvantage?

Well... leaving it very late means you must trust the entity taking the stock sale very very well. As leaving it to last minute... is very risky indeed.

So... if not selling the CGP shares... what other options are there?? We know there's royalty deals. We know there's stuff in the regionals that could be sold etc etc. We know that any royalty deal that comes in is ring fenced to ENSA which means there MUST be another source of capital raise alongside the royalty stream as per last few years examples.

The disadvantage in leaving it very late (and there's no doubt about it... this is the latest any managementteam have EVER left it to raise cash) is that the market sees uncertainty and a cliff approaching so it marks the sp down. Now Bob and scott know this well and thus they would have a duty to ensure they support the share price... so on that basis... one can only assume that Bob and Scott (and Mr Liu) have an alternative deal lined up. As based on above... there's no reason to leave it late if you plan to sell the CGP shares. So there must be an alternative. Simple as that.

Usual month end fund tidy up. Like I said earlier... becoming the norm.

Someone snaffled them up though!

Usual end of the month trading for SOLG. Always seems to end the month with selling or a drop and then starts the next month very well.

With MD&A due may 15th and MSCI May 14th... there's a window there for Bob and co to get some news out. If short term funding resolved, then re-entry into MSCI could see a move back to the 14p level pretty fast imho.

From there... we would see circa 2 weeks or 3 weeks left before the all important deadline for the exploitation agreement to be activated by SOLG.

It's hotting up and the green lines seem to be coming thick and fast these days. BHP and Anglo battle going to light up the entire mining sector. Just watch it unfold.

Looking at the Bonds trading at 15% value suggests there might well be a mexcian stand off here and the threat to greedy bondholders seeking hefty d4e is ADMIN. They really don't want this to go into ADMIN or they'll lose everything as well. That fact that debt sits higher over equity does not necessarily mean that shareholders have to carry the can on this one. At end of the day, the Thai project sunk this business along with high inflation etc. It's a viable business and order book strong. But if debt holders want to leave shareholders with zero... ot close to it... then shareholders can just pull the plug and debt holder go down the tube as well.

So there has to be some fair deal for all involved or there is zero point in continuing.

Now, with Ayman Asfari and AzValor Asset Management owning almost the key 29.9% these guys might be looking at a private deal post admin. That would certainly be a middle digit finger to the SFO by Asfari.... and perhaps his middel east backers will come to save him... but not everyone else if you follow. So in effect, Asfari gets the business back, takes it private for a while, gets mega contracts from MENA region and then relists 5 years down the line etc.

Ugly stuff... but if the bond holders play fair and leave shareholders 20% to 25% then this could rise like a phoenix and be back in the 30's and 40's based on potential $1bln+ markt cap and half debt burden.

Not a holder myself (was in the past) but genuinely can't say which way this will go apart from the fact that survival is in interets of both debt and equity holders and despite debt ranking higher... it's the shareholders that can pull the plug first via admin and bondholders know this.

I can't see any tit for tat... that's probably why! Just a few "This message has been filtered, please adjust your filters to view".

He's likely to mean US $3bln rather than £3bln

It's not far off the house brokers target and some of ther targets so not a revelation by any means. But as we sit around 9.6p today... the mind boggles at just how poor and giving this market is these days.

The market smashed Anglo down to sub £18 a share in December last year. 4 months later and it's trading at £27 based on a bid from BHP which could see it go over £30 a share.

So lets get real here... if this market can value Anglo properly... then it's never going to value the likes of SOLG very well either.

Pricing Anglo at £19bln was poor ... but that's the problem with inadequate valuations across FTSE100 and other indices. Where are the broker notes these days?? Where are all these highly paid analysts??? Why weren't they all screaming BUy buy buy Anglo as it's cheap?? Why?? Because they are all shiiit or quietly building stakes lol!

The markets become a joke. William Hill and Corals could do a better job than these City boys. They don't deserve high salaries and high bonuses if they can't define value and add up properly.

Agree addicknt,

Markets are supposed to be forward thinking but it seems the big players appear very slow to see what's coming even though the data is out there to support it. Perhaps there's a world wide conspiracy... to keep copper boom from happening so it helps with margins and inflation issues near term??? Remember, you have US election this year along with UK. US have been fiddling away since covid to prevent Gold from rising and keep the dollar supported but after 4 years of manipulation even the planks at the Fed reserve can't hide the US issues and subsequently the world is fast realising that PoG is more secure and more valuable to hold than the US dollar. The penny drops... when they want it dropped or when they can't stop it dropping.

Markets are a joke these days... they'll price some AI based business at $50bln based on forward predictions of 5 to 6 years out yet wont price copper or copper players 2 years out. Crazy... it's like the invisible is more valuable than the solid genuine article.... earths resources.

Wierd how some posters seem to want to play Willem's $3bln price tage down even though it's right in front of their noses or ears.

Makes you wonder whether they've signed up to the CEO's 23p goof.

Watch the video Mike and then best correct your 'factually incorrect' statement... as you say... very annoying when that happens.

He said $3bln... not $1bln!

I'd be ok with Williem's 66p ($3bln) if we got that offer in next 6 months. If not, and we go into 2025, then with the way the market is tightening up on copper and with the BHP/Anglo/Glencore/Rio/Vale bun fight expected to kick off... I'd be looking at £1+.

So my message to the chinese is this... get the deal done now (pronto) or by all means kick tyres for another year and you're looking at double the price.

Just a hunch but I guess they would have wanted to wait to see if Noboa got his home grown referendum through. Would have been better than the Chile arb/deal so no harm in waiting. Thus with that out of the way... they can now get onto getting something tabled. BHP's guard might be down due to Anglo deal... so excellent time for them to strike.

Would not surprise me one bit to just see an RNS land soon... bit like Anglo's... completely out of the blue and catch the market and everyone wrong footed.

We've been told a few times that the chinese have been kicking tyres on SOLG or Alpala That's been going on for over a year now. We have Mr Liu on board now too So that suggests things are moving closer.. much closeer.

The real question is... the shake up being caused by the inevitable break up and bun fight over Anglo in coming weeks and months.... how is that going to effect the chinese? My guess is that they will feel uneasy at the idea of BHP being a major almost cartel like controller of copper should they buy Anglo. Even more so should they buy SOLG too.

So the time to stop kicking tyres and act might be fast approaching.

Willem seems to think SOLG is worth $3bln.

They do seem to make a habit of low balling only then to up the offer ... makes you wonder why they didn't pitch the offer correctly in the first place.

They are setting a theme here and anyone getting offers from BHP is just going to bat the first one away. Remember that Bob.

https://www.reuters.com/markets/deals/bhp-consider-improved-anglo-proposal-after-bid-was-rejected-bloomberg-news-2024-04-27/

Yes May 14th - correct DBW. Becomes effective June 3rd. So not sure if fund managers can buy ahead of the entry or not. Some might have to wait until June 3rd.

Question is... will we meet qualifying requirements? I'm guessing we need to be north of 11.5p to have a chance.

You'd think Bob and co would have funding (short term stuff) sorted before the MD&A due mid May too?

Something cooking for sure as they all seem too quiet Irwin included when post BHP / Anglo news they should all be chirping loudly. It's fact that they seem to have ignored the BHP/Anglo news that is quite revealing.

At least we know one thing .... and that's BHP's intentions toward copper. We now know they are desperate for the stuff. Hard for them to act like they are disinterested in SOLG after that mining sector bombshell.

Difficult to say as I think MSCI set the targets for the entrants and if they deviate from that target by over 25% then they get dumped out. So if you take £400m cap as an example and MSCI set 14p as target floor, then 25% fall would be 10.5p. That would be the area for re-entry.

But problem is, as others move up with market, this target might move too. So re-entry could be set at nearer 12p levels.

I believe the list of new entrants gets set around last week in May with incusion to index following as of June 1st.

Nice article in FT today about Anglo and how Rio and Glencore are likely to enter the ring.

Exciting times... it wasn't that long ago we were at 18p levels and feeling glum about it... now if we got back to 18p+ most would be excited and relieved.

We shouldn't be down here sub 10p with the market backdrop as it is and metal prices where they are. It's down to Bob and Scott to deliver news and they seem very quiet of late... almost as if they don't want the price rising. I wonder why?

TSX close at 17.5cents would suggest you might be right come Monday.

But lets face it. If we were 22p+ right now many woud not blink an eye and that's the idiotic valuation gap that we see today.

9.3p.... when in any historic scenario, with PoG and Copper near multi year highs and BHP confirming they are copper addicts... we should be north of 40p.

anglo popped another 5%... so city boys who were asleep at the wheel starting to wake up from their muffins and thai tea.

useless ****s... the market had anglo priced at £18 just a few weeks ago. that's how useless the markets are these days and why the ftse ismlosing it's reputation fast. too many spivs and spread bettors and not enough proper investment firms getting stuck into equities. this is what happens when you try and basket up broad based etf's. it's nonsense. single line stock approach is what is required. etf system is just lazy.

$4.58 right now and heading toward $9790 on the tonne. Looks like $10k break is imminent.

It's happening guys... it was always going to happen. Copper shortage looming and even with slow down on EV'sthere's so much lag due to covid that copper is just not going to get replenished in time to meet demand. Mines are so far behind and development opportunities few and far beyond.

One way to fight off unwanted approaches is to counter punch.

Just imagine if Anglo pitched a bid for SOLG. Talk about putting the cat amongst the pigeons... win win.

Well lets face it... after BHP's move, I suspect just about every investmernt house out there will have 'copper' and M&A on the monring list of analyst discussions.... in Wolf of wall street style.... right everyone... today we are going to find every single company that is associated with copper, do a full research on them and then just buy the socks of them all.

PoG set to test 2800oz this year and copper to break $5 very soon imho

The market has been asleep at the wheel... and BHP just woke them all up.