Member Info for mattlilly

No Autotrades from 8.31 to 10.32...

Result!!!

Nil...nada...remember mine was to Sangha...

Wow! A complete contrast to Monday...

I know one swallow doesn't make a summer but...

Lunchtime Monday I recorded a sequence of 260 trades where 91% were Autotrades...

In the first 82 minutes of trading today there were only 20 trades out of 43 by Bots...

I haven't seen a rate as low as 47% for as long as I can remember...

And volume is massively down.

Does that mean that whoever has been holding the price down is now ready to move...?

Or at the very least, if they've shut up and gone home maybe we can return to more normal trading patterns, which means the price is only going to go one way...

May 15th and the MCSI rebuying isn't far off...

Fingers crossed

My surmise is that the 'selloff' in gold, copper, silver was actually a dollar surge.

All those metals charts are symmetrical and inversely correlated to the dollar reaching just 0.3% short of an all time high.

They start to recover the instant the dollar cracks...so no worries...but...even at these levels...

The uplift from PFS3 on the figures 'in the ground' at current prices is:

Copper $18.9 BILLION

Gold $19.4 billion

Silver $0.4 billion

Total $38.7 billion

Or £30.9 BILLION

And, using an acceptable industry metric to convert it to delivered metal...

1% of this is £309 MILLION

Thats just the increase in value over and above the PFS3 assumptions

And our MCap is a mere £266 million

And thats JUST CASCABEL...

PORVENIR has $16.7 BILLION of copper and $5 billion of Gold

Total $21.7 billion or £17.5 billion

Which at 1% gives £175 million or...

5.6 pence per share...and Porvenir would be OPEN PIT

Then there is Blanca Nieves, Rio Amarillo, etc...

Now I completely understand that some investors may find these numbers unreal and difficult to comprehend, but...

Its only a matter of time...

Funnily enough addickt, nothing, nil, nada...

Which is interesting as Bob always sends me a courtesy reply, even though it contains the standard "MPNI blah blah...I have 5% invested...Scott has a huge incentive...blah blah...

However, I cpuld take one of two interpretations:

1 He's fed up being unable to reply constructively

2 There is something big about to break...

Just emailed Sangha...so lets see...

Again...

This is so dismal....

At 12.24 the SP was 9.50...

After that there were 260 trades of which 236 were Auto trades...

Copper is $4.50 but we're back at 9.14...again...

When we were 10.6, copper was 10% lower at $4.02...

When are Scott and Sangha going to get their fingers out of their asses and do something!!!???

$4.76 coming...?

https://seekingalpha.com/news/4091412-copper-to-hit-10500-over-coming-months-citi?mailingid=35092104&messageid=2900&serial=35092104.12168&source=email_2900&utm_campaign=rta-stock-news&utm_content=link-1&utm_medium=email&utm_source=seeking_alpha&utm_term=35092104.12168https://

Https://www.bloomberg.com/news/articles/2024-04-17/short-squeeze-fears-grip-tin-as-lme-says-it-s-watching-market

HAVE THEY COMPLETELY LOST THE PLOT.?.??!!!

Just walked in...looked at my screen...everry one of the last 60 trades Autobots....

When will this ever end...???!!!

Good luck with that lot and I'm sure there are wiser minds than mine and/or with recent relevant experience.

I took this approach because I was wondering whether they had a special reason to buy the shares in Toronto as opposed to London, because the TSX market for SOLG shares is far less liquid and the paid 'materially' more than they could have paid in London on those days.

And finally I wondered why the transactions were made after London trading hours...?

No wonder all will be revealed in due course.

All observations and opinions welcome...

So what can we conclude?

At the time of the transactions there could not be imminent and certain:

Equity issue

Streaming deal (counts as borrowing)

Corporate borrowing

Offtake agreements (material in the context of a percentage of Total Assets)

Or any material disposal or acquisition

However, none of these transactions may have been "certain" at the time of their share purchases, in terms of the possible timing and or the stage of negotiations.

So we may have to wait till at least next week unless something comes out of the blue, like a takeover bid...

Part 3

Without limiting the concept of Material Information, the following events are deemed to

be material in nature and require immediate disclosure in accordance with this Policy:

Changes in share ownership that may affect control of the company.

Changes in corporate structure, such as reorganizations, amalgamations, etc.

Take-over bids or issuer bids.

Major corporate acquisitions or dispositions.

Changes in capital structure.

Borrowing of a significant amount of funds.

Public or private sale of additional securities.

Significant discoveries by resource companies.

Changes in capital investment plans or corporate objectives.

Significant changes in management.

Significant litigation.

Events of default under financing or other agreements.

Any other developments relating to the business and affairs of the company that would

reasonably be expected to significantly affect the market price or value of any of the company’s

securities or that would reasonably be expected to have a significant influence on a reasonable

investor’s investment decisions."

Part 2

"It is the responsibility of each Issuer to determine what information is material in the

context of its own affairs. The materiality of information may vary from one Issuer to

another according to the size of its profits, assets and capitalization, the nature of its

operations and many other factors. An event that is significant or major in the context of

a smaller Issuer’s business and affairs may not be material to a larger Issuer. The Issuer

itself is in the best position to apply the concept of Material Information to its own unique

circumstances

An Issuer must disclose Material Information concerning its business and affairs

immediately after management of the Issuer becomes aware of the existence of Material

Information, or in the case of information previously known, upon it becoming apparent

that the information is material.

While the policy of the Exchange is that all Material Information must be released

immediately...the Issuer must exercise judgment as to the timing, propriety and content of any news release concerning corporate developments.

Many developments must be disclosed at the proposal stage, or before an event actually

occurs, if the proposal gives rise to Material Information."

TBC

We can be certain that they were not in possession of "material information" at the time of their purchases.

This doesn't mean that nothing is happening, it simply means that nothing is certain to happen in the immediate future.

The official position on the TSX where they made the transactions is:

"Section 76 of the OSA prohibits any person or company in a “special relationship” with a

listed company from trading on the basis of undisclosed material information on the affairs of that

company. Those considered to be in a “special relationship” with a listed company include those who are insiders, affiliates or associates of the listed company, a person or company proposing to make a take-over bid of the listed company, and a person or company proposing to become a party to a reorganization, amalgamation, merger or similar business arrangement with the listed company.

A person or company in a “special relationship” also includes those involved, or which were involved, in the provision of business or professional services for the listed company, including employees."

So that precludes Bob Sangha as well as Scott and Chris.

"Each Issuer must disseminate news respecting Material Information in accordance with

applicable Securities Laws and Exchange Requirements. Issuers listed on the Exchange must

disseminate all news announcements respecting Material Information on a national basis and

must retain the services of one or more acceptable news disseminators to ensure proper

dissemination.

“Material Information” is any information relating to the business and affairs of an Issuer that

results in or would reasonably be expected to result in a significant change in the market price or

value of any of the Issuer’s Listed Shares, and includes Material Facts and Material Changes.

A factual representation concerning a security is material if there is a substantial likelihood a reasonable investor would consider the fact important in deciding whether to buy or sell that security.

Under section 1(1) of the Securities Act, a “material change” is “a change in the business, operations or capital of the issuer that would reasonably be expected to have a significant effect on the market price or value of any securities of the issuer.”

TBC

Agreed...

Gold has added $25 billion and copper has added $28 billion in the ground since the PFS3 assumptions...

Even at 1% thats $0.53 billion or £424 million...

Current MCap £290 million...

Ingo is still holding and expects the Chinese to eventually buy...

More good news about copper from Trafigura...major copper player...

https://www.mining.com/ai-could-drive-1mtpa-increase-in-copper-demand-trafigura-chief-economist-says/