Member Info for mattlilly

To repeat from p235 of the 101 report (independently certified...)

Solgold has 10 Expressions of Interest for funding offtakes exceeding the total production from Cascabel...

Let that sink in...

Your final conclusion is correct smickster and any of us can sell at any time.

I know Nick said e few years ago "Asset value, not Market value" and indicated SOLG was worth at least £1.

He seems to have lowered his sights and especially in view of DGR's troubles might accept 59p

Indeed it is not unusual for the SP to go above the first or any offer, based on speculation, and Bob Sangha has previous....

In May 2021 Noront shares were 21 cents. Wyloo bid 31.5c (all prices in CDN)

In July BHP bid 55c/share

By October Wyloo had 37% of the shares and made an all c ash bid of 70c

Which the Noront Board accepted.

Not to be outdone, BHP countered immediately at 75c

In December Wyloo made a knockout bid of 110c/share...double what the Noront Board had originally agreed and 250% above Wyloo's first bid.

Sangha was advisor to Wyloo, owned by Andrew Forrest...

Andrew Forrest also owns Fortescue Metals...

Smickster...pleased allay your worst fears...

There is NO WAY the Board, Nick or Bob will agree a deal at 25/30p...

And this will be a takeover battle...trust me...like noront...17c to 105c in 8 months...

And another 1.7 million after hours...

9p onTMX now...

Dislocation or is news leaking...

Remember Big Bad Bob is ib Toronto (161 Bay Street) a 600 metre walk from TMX...

Apart from a 30 minute dip to 8.41 they've been 8.70 since lunchtime yesterday...

What do they know that we don't or is manipulation totally London based...

No wonder ARM floated in the US...and it more than doubled, so why wouldn't you...?

London is fecked due to illusory regulation...

SOLG 8.70 equivalent in Canada...

Sorry...the point I'm making is that if te majority of share volume is Non AT and...

The majority of that is PI/insti buying, where is the stock coming from to sell to them...it can't all be weak holders, tree shakes abd traders taking profits...

Where on earth are they getting the stock from...how deep is the barrel...?

In thde first 6 hours of trading, total volume according to the LSE was 3.653 million

3.084 million was "Off Book" presumably PIs and institutions...

The proportion of ATs was lower also at 73% of trades but the puzzle is still there...

When do they have to stop or will it just be when we get the overdue and much flagged funding news...?

COPX (copper miners ETF) hitting a 14 month high...they hold 35 million shares in SOLG...

As I understand it, if they sell Cacabel thee is an Ecuador tax liability whereas if they sell Solgold there is none...

However I'm wondering if there is a way to sell the company with an agreement for a new 'shell to reacquire the prospects the buyer doesn't want rather than them have to fiddle around selling them off piecemeal...?

Firmly bid for 500k at 8.637 vs a quote of 8.1/8.68

At 3% of metal in the ground, Cascabe, alone is worth almost 180p...

From Twitter

"Just means any moment now we can wake up to a substantial funding RNS for eg an Offtake"

I suppose we shall see the same pattern as the last few days...

Price steadily rises and the gets slammed down PM...?

Theres no short positions showing but...

Shares on loan are 2.4% of the free float so the potential is there...

Everything is locked down...company/Sangha not in contact with anyone...

No Directors/insider buys...

That has to be right, but...

Somebody jknows something and they are throwing a helluva lot of firepower at keeping the SP down...

Heres a new one..."55p by Friday..."

Ha!

Never lose your sense of humour add!

I got mine back with over 50 filters...

Wouldn't "an acceptable offer for Cascabel or the company on the table" have to be announced?

"The Company has received an approach which may lead to a bid..."

And I believe the extratct I published below implies that they have big enough conditional offtake offers to fund the entire capital build...

In the emantime I think it would be smart to announce a 0.5% streaming offer that would fund us for 2 years or more.

Either or both of those could trigger a bid and not need to be followed up if things happened quickly enough, i.e. a sharp rise in the share price to say 30p and sale of the former CGP shares...