Member Info for indi123

Note how both don't commit to production...but mention realising potential of Solgold. They're open to all options.

Liam Twigger:
"On behalf of the Board, I am confident that Darryl with his deep commercial, operations and project delivery experience is the best person to lead this organization forward in order to realise the best potential of SolGold."

Darryl Cuzzubo:
"I look forward to working with the Board, Executive team and Investors as we progress through the next phase to unlock the incredible potential of SolGold for all stakeholders."

PwC are Barrick's independent auditors

Automatic Algorithms at work. Wonder who?

The CEO's probably been selected some time ago. However not yet decided which bits of the company will be left for the new CEO to manage. AIMHO

This is the small 'sell on the news' reaction because nothing unexpected has been announced. Price shouls stabilise and rise steadily from here imho

Great first Operations Update. Finger on the button MJard?

Mjard you have an agenda or an axe to grind. Why don't you just say what it is? Someone who is not invested in a company wouldn't usually pay so much attention to it.

Now 7.25 - 7.50p

https://www.thearmchairtrader.com/solgold-share-price-forecast-copper-mining/?amp

RNS lodged?

Not yet

Someone definitely trying to manipulate the price. Around a dozen very small buys (between £5-£100) going through at full ask of 24.90, and all with same timestamp. Then a medium- sized buy of around 10-15k a minute or two later. Similar pattern happened first thing this morning.

Judging by the direction of the share price over the last few days and the spread, someone is still trying to accumulate.

Possibly manipulation or just trading to an algorithmic strategy.

Further information on automatic trading:
https://en.m.wikipedia.org/wiki/Automated_trading_system

Buyer with algorithm to keep the price steady -imho.

Interesting trades going through this morning. A mix of small Automatically Executed and Ordinary trades. Like an algorithm is steadily submitting multiple trades. IMHO some entity is attempting to accumulate shares at these levels while keeping the price steady.

Take a look at the Annual Ebitda for Ewoyaa:

The Scoping Study confirmed Ewoyaa as a long-life, large-scale, low-cost open pit project, delivering excellent returns, as outlined below:

 

· Scoping Study supports a business case for 2.0 Million tonnes per annum ("Mtpa") production operation with LOM revenues exceeding US$1.55 Billion

· 8-year LOM operation, producing an average 295,000tpa of 6% Li2O spodumene concentrate, with significant potential to extend LOM

· Study delivers exceptional financial outcomes:

· LOM revenues exceeding US$1.55bn, Post-tax NPV8 of US$345M, IRR of 125% over 8 years

· US$68M capital cost with industry-leading payback period of

· C1 cash operating costs of US$247 per tonne of 6% lithium spodumene concentrate Free on Board ("FOB") Ghana Port

· Pre-tax NPV8 of US$539M and EBITDA of US$854M for LOM

· Average EBITDA of US$105M per annum

· Significant exploration upside potential from the historic Egyasimanku Hill deposit (1.5Mt @ 1.66% Li2O) and surrounding 684km2 portfolio

Therefore, for around £70-75m of funding from Piedmont, Ironridge have given 10% of the company and around 25% of the profits from Ewoya. Indeed a very lucrative deal all round.

Dilution but, as not2sure says, the 20p tranche of shares can't be sold for at least 12 months.

The other tranche which can be sold immediately were bought at 25p. So can't see them being sold into the market at a loss.

Most systems struggle to report the nature of late reported trades.

Agree there's some steady buying. Also think the extremely large trades (£100k+) showing at the end of the last few days are actually buys. Hence the shareprice creeping up slowly. The mm's appear to be moving the price through the day to fill the aforementioned orders. It seems someone is buying a decent percentage...let's see if we get a Holdings update soon.