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If they get awat 157m CGP shares at 16p, then that's same as last placing price and raises £25m.

I'd be ok with that. Not ideal... but last placing was 16p ish so no reason why the CGP shares should be issued any cheaper as the business is in better shape now according to our CEO.

What will the market do with itself if they announce 157m non dilutive shares sold at 16p???

Market seems to be waking up to idea or.... someones closing their short/ or hedge (effectively buying the stock before it's issued lol!)

Get back to double figures and then with gold index re-entry in May/June, forced fund manager buyers should see it back to 16p again and we can put the sorry tale of 2023 behind us.

1.8m in first 10mins

wow... and pre easter end of the month wind down period too. We are suddenly very popular and in demand.

You're right, based on Bob's past workings with Twiggy, you'd think he would have called his buddy to discuss Ecuador especially as Twiggy's main business (which he's now back in full control of) is knee deep in Ecuador but seems to be having problems with locals due to various blocks being in the eco green zones that have been legally halted.

At end of the day... someone has to make a move first. Until then... it's just a waiting game.

Tier1 projects NEVER end up on the shelf gathering dust. They always get developed because the billions in profits are too hard to resist to the super majors and nationals.

Yes, someone over there seems to have the heads up as clearly was buying before this video hit the wires. Tut tut.

What's Irwin up to these days?

Grubby old world isn't it.

Nice volume today. Well to be honest... nice volume for entire month.

No immediate sins of fund managers dumping their apparent loads before month and Q1 end then?

Just who did buy those 75m shares at 6p a tickle ago? Lucky them eh!

He probably knows he's getting another 30m share options at 9p lol!

If they dare issue any more share options to directors then I think an EGM is required and we can vote it down.

They have close to $5m cash balance left and $6m in licence commitments just for the regionals... so yes... a non dilutive cash raise is require imminently.

By non dilutive, they either mean proceeds from Porvenir sale or deal or proceeds from the 157m CGP shares.

The irony is... these shares are actually dilutive as they would be accretive if they were cancelled which is what should happen prior to a full sale. Would add 5% to shareholders.

It's a myth to suggest these shares are non dilutive just because they are already in existence.

The CGP shares are owned by all shareholders so if they get gifted to someone else... they really ought to be offered to all shareholders first. That's fair.

It was planned.... the question would not have been raised in first place if it was not planned.

The game is underway and we are at last about to see a bit of a bun fight one hopes. If the first bid lands at 23p... then I think it's looking like 46p is the real target as a minimum.

That would be a steal... but if CGP and Mather agree to it along with a few others then it will be 60% owned assuming NMM/BHP are behind the bidding.

Barrick didn't signa deal with noboa in Dec to flip flap around... they want a slice too.

And why haven't we heard a been on Porvenir? Could it be that Valuestone are going snaffle that one on the cheap as part of the non dilutive cash raise plans and a bit of appeasing the chinese first before they provide the all awaited first bid for rest of SOLG??

The controlling hand conspicuous by it's absence. Amazing timing with the video... anyone would think the two are connected lol!

His advisor is Bob... and we know Scott does as he's told... so Bob is fishing or about to test the water with a 23p bid.

At 9p levels and to many newbies (remember, we've seen about 500m shares traded sub 9p over last few months)... a 3 bagger would be very good for them.

Mr Liu was not added to the BoD's to raise a small amount of capital which is non dilutive lol!

Chuck a 23p bid in there and then watch, Gina, BHP, Barrick and NMM thrash it out.

I like it Bob... but did it really need 18 months of zero and running down the cash pile to get to this?

Yep, plenty of new retail investors in at 6p areas that would bite the hand off a deal at 23p.

Effectively, Bob and co have thrown the rest of us to the wolves by looks of things... but I'm not overly concerned as there's no way a 23p bid will succeed .... but if it gets bid war going... jolly good.

But did he explain why it would take 2 years to get all the permits.. nope.

Permits don't take that long... but they do if you have to do invesstigative work first. It's been well documented for years now that the only way to derisk the block cave works is to do the elevator shaft works and test. That takes about 18 months to 24 months to complete and costs about $200m I believe.

So there comes a point where you can only derisk so much with the tiny budget you have ... sooner rather than later... things begin to require bigger budgets.

FWIIW... I think they've dropped the capex to $1.5bln so a handful of medium sized or consortium players can bid and if around £700m mark... there are plenty out there that can do that while also funding the $1.5bln capex.

There's no way on this planet that BHP or NMM would let this go for 23p a share. No way at all. And he knows that.

He didn't need to answer that question and why was 23p pitched to him in the first place. Talk about being 'staged' lol!

So looks like Bob's plan has been to drum shareholders into the ground with moth balling the company... the get the sp to 6p and then hope enough new shareholders .. old and new get stocked up at these levels so that a 23p offer (when it lands) sounds credible.

Of course... the plan doesn't end there. It ends with what BHP and NMM are willing to accept or counter offer. So 23p as a starters is fine. Noront starting offer was 55cents. The end offer was 110cents.

So looks like the stage has been set.

Like I said before... I do hope Maxit and their buddies do not place those 157m CGP shares at 10p or something pony like that knowing full well that it effectively makes a 23p offer feel like a 46p offer to them.

That would be very naughty. Bob would not be looking very good at all.

What's really funny is how certain posters are incapable of using the ignore button.

If you went to the zoo and the sign on the fence said.. 'do not feed the animals'... what would you do? Would you throw them a bone or do as the sign says?

If you ignore them, they will go away. They can't survive without responses... they simply shrivel up and disappear, then reinvent a new alias... and try again.

If you want the BB to be a better place, then do the right thing... use the ignore button. It's also doing them some help as they clearly have mental health issues and no life outside these bb's. So do them a favour... help them... ignore them.

Trump won't get back in. But by running Biden, the democrats are giving him a bluudy good chance!

Addicknt,

The most important date that is fast approaching is the 'exploitation' trigger event which has to be done before June 6th. So 9 to 10 weeks maximum is they leave it to the last minute. I believe they need more than short term finance eg $50m to be able to action that and have Noboa sign off the 'official' CIPA.

So on that basis, minor or short term funding via CGP shaes or even a Royalty deal seems unlikely as they simply don't get us across the line. Only a bigger package or monetisation or JV event will get us past June.

Time has run out for SOLG. It's no longer about $50m raises and buying time. It's all about $1.5bln funding deals. And that's more likely than $3.4bln... so eitherway... Bob appears to have it sewn up but if he strings it out... then he might find an excuse to sell teh CGP shares cheaply to his mates to help keep the lights on and then annouce a full sale etc etc... nice way t line ones pockets before the main event and in the greed driven world... gotta be too hard to resist surely?? Feels like we've been controlled into this 'wedge' or sharp end since Bob took over... well that's my view. I'm hoping I'm wrong about the greed bit.

9p+ today? The squiggly line is now into the vwappy dippy trend which based on auto bots algo' should see 12p+ in April.

Probably 'Director Bonus share awards' RNS. Although that usually arrives in May.

You forgot the most likely... 'Franco royalty deal or Osisko'... short term $50m deal would buy another 12 months with some exploration thrown in.

When's the next MD&A due?

My hunch is that Bob needs to address the cash balance before we move into Q2, so on that basis ... it's news next week then.

He's clearly got something up his sleeve as no one would leave it this late.

Cash pile must be heading for sub $5m as we enter April.

They have licence commitments for 2024 of at least $6m and we know they are in process of buying up land in and around Alpala which isn't cheap especially if needing some relocations.

You've had over 18months Bob... it's now time you showed your hand.

Like I said a few days ago, with sentiment toward gold/copper based miners soaring and likely to do well in 2024, there are investors out there that are spoilt for choice. Unfortunately, due to Bob's & Scott's tactics to leave our financial footing to the very last minute.... the market and investing community are rightfully ignoring us.

We would be 14p/16p levels again had our sails been set with the recent rise in sentiment.

The simply reality is, we are at sub 9p and it's all down to the pi55 poor management of SOLG.

They have driven the share price down to 5p due to moth balling exploration and turning the company into a comms mess.

Now, as we fast approach the end of Q1, we are heading to the lowest ever cash pile circa $5m.

Those that have faith in Bob and Scott are not worried about the cash situation as it will get sorted. But newbies don't share that trust.

So we are left dangling and looking a risky play when we should be surging higher.

So no idea what game you are playing Bob.... but your strategy or lack of one has killed this stock. You've basically reduced it to a couple of months away from being insolvent.

It's time to fessed up and told the market where the next cash injection is coming from as Mr Market has a heavy boot on us right now and it's all down to you Bobby boy!

Clear up the doubts and we can soar again.... assuming you want us to soar again...

And as for more bonus director awards... you can forget it. They haven't come close to earning the last batch yet so no more awards in 2024.

Gold heading closer to $2200oz level.

Looks like Fed Reserve likely to do first rate cut in June. Expect at least 3 cuts before US elections as that's how the political illuminati like it.

BoE likely to cut first imho as early as May and cut again before UK elections. One thing you can be sure of these days is when elections are on... it's happy clappy time for voters.

Come on Bob... no need to dally around now... Mr Liu has feet under the desk long enough now... just get the news out.

Cash pile must be around $7m or $6m right now.

Bob clearly has a plan as no one in their right mind would leave it that late. Even Dazza was onto sorting funding when SOLG had around $20m left. I don't think I've ever seen SOLG with a cash balance this low... even Mather got it sorted in timely order.

IPO certainly viable but can be risky as you are opening the key asset up to creeping ownership.

Rio Tinto derisked Mongolian assets a few years back when they did an IPO with Oyu Tolgoi with a decent wedge of it going into the IPO traded business called Turquoise Hill. They later bought it back once project was over the early production issues.

SOLG have worked hard to get strategic partners in and to keep BHP and NNM at bay etc with reducing their interests down from combined 27% to just over 20%.

No point at all spinning ENSA out unless you get the full valuation via the IPO and that rarely happens. It's costly too.

Spinning out the regionals with 50 odd licence blocks makes perfect sense and should have been done 2 years ago. A few discoveries and the share price on the exploration spin off would probably be higher than the share price on SOLG / ENSA lol!

The market is so thick these days it woudl happily price up a potential Tier1 mine rather than price correctly an 'actual' proved up Tier1 mine.

That's the markets for you. Speculative.