Member Info for mattlilly

The scale is mindboggling...

"Exploration identified a significant porphyry target at El Cielto Norte covering approximately 2.5 x 2.5 km and is greater in extent than the Alpala system to the south at the Cascabel Project......Recent and historic exploration at the Blanca-Nieves Project, immediately north of the Company's Cascabel Project, has identified a widespread epithermal gold and silver precious metal field which covers more than 80 square kilometres...."

""greater in extent than the Alpala system...80 square kilometres..."

A good friend of mine is in touch with Eric.

Obviously he cannot say anything but they are pursuing initiatives to bring new energy to the company...

Oh and BTW in case you are worried I have doubts, I recently increased to 7 million and it isn't that hard to buy a million or two if you are flexible on price. My friend has bought several million also...

Oh and BTW, having visited the sites of two abandoned cryolite mines during my trip, I don't believe people on here can begin to imagine how remote, barren, difficult and lonely the terrain is.

The entire population of Greenland is 56,000 and 19,000 live in Nuussaq.

The nearest village to Disko has a population of 53...

There is no infrastructure in the immediate vicinity.

Nussuaq (Nuuk) and Kangerlussuaq are the only airports capable of handling large aircraft.

The latter is in the West with no overland route at all, 231km from Disko.

Nuuk airport was constructed to serve the largest town in Greenland, yet due to space constraints at the location in a mountainous area and problems with the weather, it is unable to service large airliners or flights reaching Denmark or other countries, except for Iceland. Sometimes, in connection with events, aircraft for VIP flights are chartered which unable to reach Nuuk, a change to a small local aircraft (normally at Kangerlussuaq Airport) is always needed in those cases. A large expansion of the airport has been controversial due to the approach near the urbanized area of the outlying districts of Nuuk, although the issue continues to be a subject of internal debate in Greenland.

A new international airport is slated for completion in 2024

Nussuaq is 590km from Disko.

There are no landing strips even for light aircraft in much of Greenland and all 'international' flights have to go via Denmark or Iceland.

So heavy gear would have to arrive by ship and it takes days even from Iceland to get to Disko or Dundas.

Personnel would have to come in by ship or helicopter...

I was shocked at tha massive loss of glacier ice and permafrost is becoming less of a challenge, but the weather will always be a factor...

So I believe that even Kobold will need the help of a major miner with experience of drilling and mining in remote locations...

Hope this helps...

I told people on here that there had been a blowout on Disko after a Greenland based geologist on my expedition to Greenland to see Disko and Dundas told me it had happened.

But I was rubbished on here by people who I was entitled to expect knew more than me.

Wrong.

So all of the sensible posters and those who still strongly believe and those who have been around here for so long....

Must ask themselves the question...

Why?

Why, when good news comes out do we have a brief spurt before settling back often below where we were before the news...?

I have three possible reasons:

1 Cash has become the number one concern.

Some may irrationally believe that SOLG is on the verge of going bust. That would be a supreme irony with $130 BILLION resources in the ground...even without Porvenir and Blanca Nieves...

It simply isn't going to happen but until the company secures its cash for the next two years, people will still have that nagging doubt at the back of their heads.

And its all very well reporting 'bonanza' finds at Blanca but we self evidently don't have the cash to do further drilling. So what's the point?

2 The believers and the committed are fully invested. In my case more than fully invested with 2.9 million.

Every day I wake up tempted to buy even more because this is a nailed on 'gold mine'...literally...

However, there will be many many PIs and maybe even institutions that are sitting on the sidelines until:

A the cash is secured and

B the share price really takes off, motoring steadily into the tens and the teens. Then you will see a buying spree like we haven't seen for years, but...

C All those waiting might get a savage disappointment if the first takeover bid emerges and the subsequent share spike means they feel they've missed the boat

3 And I believe this is the biggest and most annoying factor...and you've seen it today...

Whenever good news comes out, whether by way of RNS or in the media, the share price perks up...there is little buying follow through and the Autobots beat it down again...adding to people's doubts that SOLG will ever make their fortune.

But...

I believe the last three weeks, with at least 350 million shares traded at a daily average of 15 million (that is 6/7 times the long term daily average) , suggests that there is something big going on in the background.

Those shares must have gone into somebody's hands and...

The constant lossmaking bashing by the Autobots makes zero sense unless somebody is holding this SP down.

It is a puzzle that Scott didn't make a big public splash about P235 of the NR 101, suggesting that not only would non dilutive cash funding, but actually the funding of the entire Cascabel CAPEX is a doddle.

And finally, I say again...NO Director or Insider buying since October...and especially since the AGM...together with the 'radio silence', with nothing leaking at all tells me something big is happening at SOLG towers.

But trust me...one day something will leak...and then the funding will be secure...and the first bid will follow not long after, maybe preceded by a TR! or three...and whooooossssshhhh!!!

And we'll all be 'millionaires'...

What a great day...

Big resource increases at SOLG and 1SN...

Nick sits on both Boards...

At last....Blanca Nieves...!

80 sq kilometres!,,

6.5m vein thickness...

El Dorado...Klondike...

Onwards and upwards...

A much more orderly Board, focused on SOLG.

BTW I have no problem with alternate views provided they aren't blatant deramping and when they are verifiable from the facts.

Sadly some people post negative opinions that have no substance. Loganair on ADVFN is a very good example.

So again...thank you.

This BB has become a massive waste of time because people haven't filtered and are still engaging the trolls...

When do you become a troll yourself when you keep posting, biting back...

I repeat....this is by far the worst BB in the stockoverse...

SHUT THE F UP......!

Indiscipline again...in the bag until a mindless no hands tackle...

Still quoted at 8.7/9 on TMX...last traded at 9p...

This is profit taking and position closing...can only sell 50k at 8.45...

Sorry 8.76...too excited...

I'm bid for 500k at 8.81 and 700k at 9.76

Has been traded in Canada at 9p yesterday and today...and volumes noticeably higher over the two days...

Don't build your hopes up...

At the high of the day...but...

And I'm bid for 500k at 8.61...ABOVE the Bid of 8.59...

Can we hold this and rise from here...?

8p...did you mean 9p...?

Meanwhile non AT trades accounting for a much higher proprtion of trsdes (36% compared to a typical 15% recently) and volume is well down...only c3 million today...having fallen steadily since 6th March and from almost 10 million yesterday...

That means that from `a volume of shares traded between 8 and 25 million a day AT trades are now down to well under 2 million so far today...

So...are there shenanigans coming to an end, presaging a bid(s) or does the higher proprtional activity by PIs and institutions imply that news is expected soon...?

I think that if we close at or above 9p today (or even well above 8.30), we'll know the answer...

Or will we...

I wouldn't want to be out of this over the weekend, eh Novice...?

Https://www.economies.com/commodities/copper-analysis/copper-price-continues-to-rise-%E2%80%93-forecast-today-%E2%80%93-15-3-2024-107647

https://www.bloomberg.com/news/articles/2024-03-13/copper-hits-7-month-high-chinese-smelters-discuss-capacity-cuts

https://www.bloomberg.com/news/videos/2024-01-23/copper-ready-to-explode-on-fed-cut-ivanhoe-s-friedland-video

https://seekingalpha.com/news/4079939-copper-rallies-to-new-highs-as-supply-tightens-further?mailingid=34695400&messageid=2900&serial=34695400.27343&utm_campaign=rta-stock-news&utm_content=link-1&utm_medium=email&utm_source=seeking_alpha&utm_term=34695400.27343

Despite the dollar being sharply up over the last 24 hours, copper is up over 5% in the last 2 days.

Compared to the PFS the value of the metal in the gound has increased as follows:

Copper (PFS 3.80) $9.2 billion to $115 billion

Gold (PFS 1700) $14.6 billion to $67.8 billion and

Silver (PFS 23.00) $200 million to $2.3 billion

Totalling $185 BILLION, which even at a modest 1% of metal in the ground values Cascabel alone at $1.85 BILLION...

Or 48p/share...