Member Info for Fortissimo

So around the day when the CFO bought 100k ofstock, the TSX volume was highest for a while. I posted about it last week. So today... we have TSX trading at a whopping 940k and that's in the first 90mins of trading. That's huge for TSX by their standards as they usually do about 100k per day at best.

So my assumption would be.... more director buys are underway. It's just a guess mind you.

Agreed, someone has been sitting on the SOLG share price for a while now and based on volume over last couple of months, it's designed to facilitate someone's buying. Who can blame them. SOLG management are doing ZERO to boost the share price and that's been the way now for nearly 12 months. So someone simply sitting on the book and picking up cheap stock can't be blamed. It's down to Scott and Bob to get the sp moving and until they confirm we are fully funded for 12 months+... we are in a hole of our own making.

Maybe they've decided to give it a week before releasing news after the CFO's share purchase lol!

And kicking them lol!

I thought it was the signing of the term sheet which they pre agreed in Toronto at PDAC. Basically a proper signing on Ecuador turf.

The exploitation agreement has already been signed and agreed. But it is down to SOLG to 'activate it' and they had 6 months from the signing date to do that which is up to June 6th. I'm unsure of the finer details, but it's pretty obvious that the exploitation agreement 'once triggered' will set the clock ticking so not surprising to see SOLG dragging their feet or taking it to the wire.

The chinese have been licking tyres for the last 18 months so they surely can't need much more time now.

So with the CFO buying shares in open market on Friday, closed period ifted for time being... who's next? Scott buying more stock? I recall him saying that he was desperate to buy more stock at these low prices once out of closed period.

So who's the good guys here then? Putin going into Ukraine = bad guys. US going into Iraq under fale pretences.. good guys or bad guys? Iran, Saudi's, Syria, Yemen... where do you want to stop? My point was not about starting a Iran vs Israel pros and cons discussion... it's not about that. It's about Israel's actions of late and how the world is asking them to calm it all down and act appropriately. Instead, Israel is ignoring this and acting in a way that make Putin look like a saint. Israel was thought of a country that appeared to have some measure of responsibility but of late they look like a terror group themselves. Terrible to see... it like they are being led by a complete nutter. Even Biden has said calm the xxck down.

Israel need to get a peace deal done and deescalate. Or what's the alternative? Do they really think they can take on Iran and come out of it ok? It's pointless. The mighty US got whooped by the Afghan's and went home tail between legs.

It's Israel that are the problem right now... not Iran not anyone else. They are acting in a way that is 'reckless'. They are a concern right now as they do not seem well hinged.

It's a complex situation and I'm not supporting Hamas or Israel. I'm simply highlighting the unbalanced approach. The rough figures stand at 33,091 Palestinian's killed vs 1,410 Israeli's in 2024.

That's not proportionate. That's genocide.

Israel need to calm it all down and not continue escalating it. The direct hit on the Iranian's in Syria didn't need to happen.

Quite frankly, Iran's response was actually as gentle as it could be considering what could have followed. They don't want to escalate... that's clear. But what is not clear is what israel are after. Eveb Biden has said calm the xxck down on a number of occasions (not word for word of course) and he's even said he's not supporting any further retailiation by Israel suggesting he too thinks Iran were in their rights to retailiate and that it's now evens...

Someone seriously needs to reign Israel in as they are overstepping the mark by considerable amount and the world is turning against them fast. That is clear. Time to deescalate and time for peace talks. Wars don't solve anything but they make the countries like US, france and UK very rich by selling the arms. It's ugly stuff.

It's been of a different magnitude because different standards are being applied which makes for a rather ugly world and exposes the hypocrisy.

You have the world willing to spend billions helping Ukraine defend against Russia... no problem with that at all. But then when Israel invades Gaza strip, the world can't help... in fact if you try to help.. you're a terrorist. Mmmm.

You then have Israel bombing a building in syria.. killing a top iranian official. You then have Iran retailiating.. which lets face it all expected and they are justified in doing so.

That's it isn't it? As Iranian recently said... that's the matter resolved.

Now it's up to Israel to behave itself. It's been already been doing some seriously bad things including killing aid workers. So isn't it time the world started to rally around Gaza? Time that the world put pressure on Israel in same way it did over Putin? Where are the sanctions?? Where are the bans on international brands/businesses from operating in Israel.

I'm not take sides, I'm merely exposing the way that the world seems to deal unfairly with one and more generously with another. It's ugly to watch. It's time someone put a stop to it. The world is turning against Israel everyday that this continues and that's not good for them at all.

I'd expect the markets to be up on Monday as US markets fell on fears of major attacks and lets face it... the iranian's told them all of what was coming so they could shoot them all down. Hardly escalation. More a warning. And the marets were down big time on Friday fearing far worse action. China have called for some 'calm' and as per usual they are they steady heads here while the US notoriously gun ho are like something from the wild west.. ready to draw if you so much look at them. Israel are making Putin look like a saint.

Stackhouse is part of the Bob crew. He was involved with the chinese discussions on Guyana Goldfields. And we know the latter got sold in 2020.

So he's well aware of the technicalties around buying shares in open market and especially in or around takeover or finance discussions. Equally he's going to be well conversed on how to circumnavigate them or play close to the red line.

At end of the day... buying an extra 100k shares is smallfry but I guess it suggests that all involved are OUT of a closed period for the moment. Perhaps they are about to go into another closed period so the window of opportunity is small.

Guyana Goldfields is perhaps the benchmark example for Bob and SOLG... but at a better price on assumesthat reflects the better assets.

Until finance is announced, they are ALL IN a closed period.

Doesn't matter whether CFO is a director or not, he's still subject to the usual PDMR's hence the RNS.

For the main man behind finance (eg he's the feckin CFO) to buy SOLG shares in open market suggests that there is no cash raise coming for at least 21days+. not sure on TSX rules, but might even be 30 days+.

Weird.... so the company is known to need a cash raise and are in discussions on how that is done and the CFO is clearly involved in those discussions and yet for some reason... is free to buy stock in the open market with blessing of the oversight/committee?

I can't see how that can be possible? Any one else think it's odd?

Just astounding that someone can just snaffle 450k for sub 10p and the price barely moves. There used to be a time when buying larger than 250k blocks would see the mm's move the price pretty fast. One can ony imagine there is another rather large UT being lined up. If the mm's feel they have a nice steady seller/supply of stock then they'll not move the price much.

But who are these sellers and providers of stock? We've had 75m done in after hours followed by about 60m a month later and not much more than a blink of the eye by the share price. Most bizaar.

If you had said a year ago that PoG would be $2400oz, Silver over $30 and copper nearer $4.50 and SOLG share price would be 9p to 10p range I would have called you deluded.

How on earth can the market or any manipulator out there sustain this apparent ignorance to what is going on in the mining space???

That said... and yes it is coming.... It's Scott and Bob's fault as they've left the market wondering what on earth is SOLG's strategy or outcome of the SR and where the next cash is coming from that is non dilutive.

Talk about trying to play a business down... SOLG management seem to be incapable or unwilling to get the sp moving and content with where it is. Bizaar is an understatement.

Bob... stop playing games... release the SR, confirm the funding and anything else needed and lets get back over 20p+ again.

Glencore has almost risen 50% off lows and that's $65bln+ market cap. Not small change advances in commod players at all..

Bob taking it to the wire suggests he's waiting on something as there's no reason to leave the company holding just 10 weeks worth of cash and that's me being generous! I think it's more likely they are holding 6 weeks worth of cash but regardless... 6 weeks or 10 weeks... time is ticking by fast.

In 4 weeks they have MD&A coming up. In 6 to 7 weeks they have exploitation activation deadline to meet.

News next week???

I've heard whispers of 'canadian' in loop but not going to elabourate just now. Might explain why our long term controller seems to be stateside... eg afternoon trader/manipulator.

Not seen TSX do over 600k volume for a very long while.

Someone keen on stock over there.

Close Equiv to 10.2p

Makes you wonder what Bob is waiting for or working on as if it was a simple $20m+ raise to give the auditors a 12 month guaranteed outlook, then may as well do it with $15m cash left as opposed to $4m cash left. Of course any 3rd party involved might be a reason for delay or being cynical... is Bob trying to tie a few things up but get the director bonus awards in first lol! There's no way they can justify bonus awards again unless the sp is north of 20p as they would be seen to be rewarding directors for failures.

They have exploitation signing deadline looming on June 6th, MD&A looming on or before May 15th I believe.

We are into the sharp end of what looks like a pivotal 6 weeks for SOLG and Bob and co in particular.

It takes a really poor very poor management team to deliver a SOLG share price like it is today with such a bullish market backdrop eg.. gold at record highs, copper near 2 year highs, silver near highs, markets in general near highs... sector bouncing back fast etc etc etc... yet somehow Bob and co has us pinned into the 'cash running', time running out... corner.

Makes you wonder what he's up to but whatever is... the market doesn't believe in him. That's alright just as long as he proves the market wrong.

So come on Bob... you've had long enough now.

Whilst I'm not a massive fan of big bank broker forecasts, this one out today looks pretty confident. And just think... we haven't had the copper forecasts yet. 2024 gonna be a massive year for miners. Bob... put things on ice... tell the chinese you need to kick some tyres around yourself but will have another chat later in year when PoG is $3000oz, Silver $30k and Copper through $8.

09/04/24

Metals forecasts by BofA

"Expect gold to rally above $3k and silver above $30k over the next 12 months"

4.3 now

up 10% on the monthly.

would not surprise me to see copper through 5 within this quarter.

rate cuts coming and chinese stimulus looks nailed on now. super ****tail for commods.

Seems to be a lot of greenlines around today lol!

Muppets everywhere!