Member Info for Fortissimo

Looks quite measured thus far on ISA trades ... brokers will have been briefed and from past experience they tend to get orders filled within first couple of weeks and certainly not first day.

As predicted... volume looking juicy again with over 8m traded in first half of the day.

Still no TR1's after the 60m block of shares traded. I do wonder whether one chinese entity we know of is handing stock to another entity we know of lol! We might hear about a second chinese firm taking a 5% slice soon.

Now what would the market think then? CRCC Tonguan and Jiangxi owning over 11% over SOLG... mmm now that would get tongues wagging.

I think it's great that Noboa is acting with force... really shows that Ecuador could be getting itself cleaned up for good. No wonder Mexico upset as clearly their corrupt man is going to be leaking like a tap... wouldn't surprise me if he's got info on a few other top mexican players which were previously affiliated with Correa.

There's no way Noboa would have been allowed to do this (by the powers that pull his strings) without full backing. Bodes well.

Noboa looking like the man to turn Ecuador around and I would guess the business world is paying attention now.

I doubt we need any relations with Mexico at all. What's Ecuador's exports to mexico?? Likely minor.

Noboa has IMF coing to his table in 4 to 5 weeks time. He'll want to show them that GDP will be on an upward curve and mining could account for 15% to 20% of total GDP in a few years time.

Well done Noboa... you have plaudits all aroud the globe already. The lefties are on the rack in suth america after having their day in the sun and are clearly worried about what's coming next. Correa's days look over now. Noboa looking very solid ahead of next Feb's elections.

Should be an interesting day. Bagging SOLG at sub 10p in the ISA seems unreal when the last year it was 22p/24p ranges.

Alot of cash on the sidelines waiting for this op imho. Lets see what happens. Could be a very large volume day.

We had 75m shares last month in after hours and now over 60m shares. It's ridiculous... combined, well over the 3% threshold... almost 5% of the company shares.

Just where is this stock coming from??? No TR1's. It's been going on for months now.

Always off book ... and this time trying to bury them at 7.30pm on a Friday. It's scandalous. So evident that they are trying to sneak them through going unnoticed.

Through 2300 like a knife through butter.

If Iran kick off with Israel over the weekend... we could see $3000 on the cards very soon.

Both up again. No signs of profit taking. Silver doing well.

At these prices... what are the profits on Cascabel?? Must make the IRR nearer 50% lol!

Low volume today ... and a bit of a drift but it's looking solid on the TA and RSI cooling off nicely ready for a ISA buying frenzy next week one guesses.

Just think of all that cash waiting on the sidelines right now.... ready to be deployed into ISA's on Monday morning.

Of course, there's no rush unless you think the price won't get much cheaper than Monday's offering.

Volume has dipped today so buyers either waiting for ISA season to kick off or are taking a breather. The volume has been massive of late, so not all down to ISA trading plans as II's and fund managers clearly involved.

I estimate SOLG had about £8m in Jan, so reckon they are doing around £1.5m to £2m burn per month. So that would be them at around £4m to £5m in cash left right now.

And that assumes limited land purchases and limited licence payments.

If I was one of the NEDS or part of Audit accounts team... I would be flagging several duties of care to management in terms of ensuring the business has at least 3 months funds in place. At the moment I don't believe they have 3 months cash so someone somewhere needs to be highly confident.

That said... prior to Mather's landmark deal with Franco... they signed a bridge loan deal until Franco were ready to had the readies over which tied the business over for 3 months.

Come on Bob... drop funding news on Monday and the ISA crew will be happy yet furious at the same time lol!

It's all too easy to forget these days... but another pointer worth noting is when Jiangxi picked off another 1% in open market at 18p. I think it was when Blackrock were selling so they gleefully took that stock.

So if you apply the same logic... why wouldn't the chinese be picking off stock at 9p?? Well... there is a solid reason for that... they can't be seen to be building a stake in open market IF THEY ARE IN TALKS WHICH CONTAIN INSIDE INFORMATION.

That's the only reason I can think of as to why they thought 18p was fine to top up at and 9p isn't.

That's your clearest indicator to date that 'TALK's' have been underway.

Volume has been huge of late but we must remember that we are single digits so 24m traded yesterday is a bit like 8m traded at 27p levels which puts it in perspective in cash terms.

Blackrock and Norges were big buyers a couple of years ago when the sp was 36p going post Darryl's PFS. They clearly saw big value beyond 36p or they wuldn't have been buying.

Nothing has changed at Alpala... in fact it's even more derisked now than it was back then along with another $150m spent on it to boot.

So the market can play all the poor valuation games it likes but the reality is... the big boy experts like Blackrock were buyers back then. Yes... they sold out when they saw CGP boys coming in along with inflation woes and weakeness in smaller miners etc etc but it's the 'previous' value perception that fold need reminding of. It will come again.

I don't think anyone took him seriously. Most would have ignored him.

The drop today was a combination of the following ... end of..

1. Start of a new trading Quarter (and the rise was the end of the Q)

2. A bucket load of traders or investors looking to sell SOLG on a T-2 and then move £20k cash funds into ISA ready to buy them back on April 6th

3. Technicals... TA indicated overbought and RSI was 80+ so pullback more likely than a RSI testing 90's on no news.

4. Some profit taking after a a decent run up from low 6's was inevitable.

Those that sold today to move into ISA will be sweating it a bit as they have to wait until Monday before they can buy again.

In my experience.. the mm's always seem to mark it up on April 6th and if you look back historically... the price tends to do very well in that week. Perhaps Bob and co are aware of this and looking to put them fundinh question to bed and rise the ISA wave back to the 14p/15p level. Coud do with some sideways action for rest of the week and let the RSI cool off before another run up. But like I said... MM's always make it a dicey time for ISA traders. Those that went for the bed and breakfast or 30 days rule.. selling on March 6th will be spitting bullets on the recent rise and cheering on the recent pullback lol!

Good luck to them ... always a gamble ISA season and makes you wonder whether the 20% or 40% potential saving is really worth the hassle and risk.

Noboa has a key meeting with IMF in May... so he'll want to please them with some nice forecasts which will include mining projects. The execution of the exploitation contract is due before June 6th so SOLG must have something lined up as the clock really starts ticking fast once that is signed. I believe Bob had timed the cash pile to run out just around thatb deadline date so must have been confident that he'd be over the line before June was out.

If the CGP 157m shares get sold (non dilutive) then they better have a price on the north of 15p otherwise that is an epic failure by Bob and Scott. If they sell Porvenir... then that better be for more than $100m as it's worth 5 times that amount based on drill results to date.

Lots of ways to bring in cash but the CGP shares should be sold cheapily or sold for less than they were acquired for or part of the merger deal... I think they were valued at 18p/19p then.

Lots of green lines lately... lol! Sad xxckers.

Wow, almost 12m traded in forst half of the day. This is properly in play now and much larger chunks changing hands suggests II's getting involved now.

In theory, it should have a few days of sagging and drifting as that's what normally happens as attracts sellers. If the price reverses swiftly and heads back into the 10's again, then it will worry some traders. Nice pivot point for all involved to ponder.

I think it will be through 12p by the time we get into next week and ISA trading hits home.

RSI was overbought and it's healthy to let of some steam before the next leg higher... assuming that legs comes of course and it should.

They dropped a fair few off a while back in the 6's (wildtiger and a few others sold out) before finally letting it go to 10.6p levels.

Drop a few more off in the 9's and they'll soon shut the door and turn it back into 10's or 11's.

Quite a few would have been praying for a pullback ahead of ISA buying season which starts next monday.

Copper, Silver and Gold doing very well. Last time all 3 were doing well, SOLG was mid 20's to high 20's.

No comment

Huge UT

Just think of all those unlucky punters that sold their £20k of SOLG stock on March 5th hoping to buy it back on April 6th.

Ouch!

When ISA season kicks off ... there could be a lot of volume on SOLG.

$2215oz

Copper surge still to come this year... that should be fun watching

Loads of fund managers out there that can't trade penny stocks (eg sub 10p) but they can get stuck into double digit pence stocks.

Has Bob got his mini eggs out.

.... Bob got Twiggy to take 5% *CGP shares x 157m at 16p??

Now that would put the cat amongst the pigeons and the chinese nor NMM/BHP could complain as would be sae price as last issue.

Or better still... what if they gave Barrick 5% slice. Or... what if they gave CRCC Tonguan a 5% slice.

Plenty of players out there that would be more than happy with 5% of SOLG stock at 16p.

Market looks like it's all in a little fluster now doesn't it?

Just what the monkeys was that 6p farce all about?

Pbow,

The share price might be 10p tomorrow or 7p or 13p in a few weeks or 11p or 14p or 16p. See my point... the share price is a point in time... it swings around based on a number of reasons or catalysts. It's not a benchmark of asset value.

My point is, or was... the chinese took 5% at 16p+. At the time, the merger was not complete... permits not received etc etc. SOLG is further advanced. Politics has improved. Yes regional risks remain... but if the chinese were happy at 16p, then I'm sure they'd be happy to gain 5% again at 16p. Doesn't matter if the sp is 9p today.

When BHP took on a wedge at 45p.... what was the share price before then? What was the share price a few months before then?

Anything sub 16p for the CGP shares is a failure by the BoD's and they should not be wasting shareholders stock without reprisals such as losing bonus awards etc. When the price is sub 16p... a royalty or another stream such as selling non core assets is the way to go.

Why do you think Mr Liu was added to the BoD's?? Because he's skilled and well connected and able to get the chinese involved at the right price.

Anything sub 16p for the CGP shares would be an epic failure and heads would need to roll imho.