Member Info for mattlilly

Take out all the AT trades...that leaves 5 trades at c50k and 2 at c100k

The rest peanuts...which means nobody is buying or selling...just waiting...

Gold flying..now 2073 (PFS3 assumption 1800, so that adds $8.7BN gross to Cascabel ...silver through 23 (PFS3 assumption)...copper $3.86 (PFS3 $3.80)...GDXJ approaching a 4 week high...

Perfect storm....if this continues, a perfect time to start the pending positive news flow...

Heres the way to unlock the SP...

Announce a conditional financing deal to build the Cascabel mine...conditional on certain milestones being achieved and not committing SOLG to taking up the finance until those things have happened...

Then watch all the genuinely interested parties fight each other to make a takeover...

Remember there are at least FIVE seriously committed parties and between 30 and 40 now interested after the surge in interest since PFS3

Wyloo had 37% of the shares in Noront and the SP was still only 20c...

They ended up having to pay $1.05...

I seriously cannot see the SOLG Directors letting this go for less than £1...they don't need to...we'll get a funding announcement in the next few days that removes all cash worries for at least 2 years and everybody I've been in contact with directly or indirectly at SOLG says exactly the same thing...they won't even let the CGP 5% stake go cheap...which surely means 20p at the very minimum...

Find me another share in global markets which is genuinely worth so much and valued so little...

This is astonishing DBW...that takes yesterday's volume ot over 100m...!

So what news can be expected...to boost the SP...

1 Surely at least one TR1 imminently

2 There must be something material going on because no Directors Buys for almost 5 months now...so they must be in a close period. Maybe the first buys we see will be by the new NEDs

3 A non-dilutive funding deal which will remove all cash worries for the foreseeable future: this could be a streaming deal or an offtake agreement like the one Jiangxi has just done for First Quantum (who by the way were in desperate straits but still got a juicy deal)

4 The flow of permits must restart soon surely

5 Drilling/assay results as Scott promised in his update on January 24

"We are pleased to report that our Ecuadorian exploration team has been active during January 2024, making progress at the Blanca-Nieves Project, which hosts the newly discovered La Florida target. Blanca-Nieves is located 10 km north of the Cascabel Project. Exploration activities are expected to continue over the course of 2024, focusing on advancing new target areas and prospects for new discoveries."

And Nick Mather added:

""I am enthusiastic about the new discovery at La Florida and the potential connection to Cielito. In the coming months, our exploration team will work diligently to define the extensions of the gold-silver quartz structure. Recent outcrop rock chip sampling has unveiled widespread surface gold and soil geochemical gold and silver, further confirming the Project's extensive epithermal gold and silver precious metal field, covering an area exceeding 80 square kilometres."

If Blanca and Cielito are one massive system "The Blanca-Nieves Project is strategically positioned approximately 8km north of the Company's Cascabel Project" this becomes a major gold play with economies of scale due to proximity to the Cascabel crushing/processing plant...

Has anyone else noticed the much smaller volume of A Trades today? 70% vs 87% yesterday

Volume only 1 million in the first 4 hours of trading (80 trades)

Lets hope yesterdays opportunistic traders are out and we can settle into a quieter period domiated by steady PI/institutional buying on the back of a growing flow of positive news...

Next steps for Cascabel (from the latest presentation POST PFS3...

"Right of Way and Purchase Option Agreements for Infrastructure

 Complete Permitting/Environmental and Social Impact Assessment

 Advance Required Permitting with Government

 Release Updated PFS Report on Phased Approach (Q1 2024)

 Progress technical work to de-risk and advance the Cascabel Project

Whichever mindless idiot that is, who has posted the criticism above...

1 I've been on holiday for 2 weeks in Cape Verde, hence virtually n o posts

2 Just read back over all my posts and you will doscover that almost every time i post a bullish suggestion it is backed up by solid information and research

3 What sort of microscopic mind would think I had the repmotest chance of influencing the SP

4 I genuinely believe we have n ow bottomed due to a multitude of factors and that we will now see a flow of positive news

5 There is more and more evidence that there is massive and growing interest in SOLG. I have it on good authority that there has been a massive increase in interested parties since PFS3

6 Please don't parade your own shortcomings and/or your deramping by criticising my genuine and well researched posts. I will openly admit that our 2.4 million is at an average of just under 10p which means that we are sitting at a loss of c£84 thousand. As I've said before, because of false suggestions that I lied in the past I now update our position when appropriate

Finally 7...can't you get it into your tiny mind that many people on here who might be more than a tad disheartened at the current SP need encouragement backed up by facts from time to time to reinforce their belief...

Instead of taking the time to start a mindless thread like this, why not put your mind and time to good use by doin g the levels of indepth research such as DBW does for example?

And if you aren't invested, please disappear like the countless derampers such as Be3st who come on here and waste our time; or the morons who just indulge in arguments or baseless criticism far too often.

I can tell you that on all the other platforms I am on, this one is regarded as a massive joke and a waste of time because of all the rubbish, disinformation and mindless negativity that appears on here.

But I've been on LSE for 13 years and this Board for almost 7 years and there are people on here who I respect. Clearly you are not one which is why you are among the many who are filtered...

Enjoy

OK so this is one of the most bullish things I've seen in a long time...

https://www.newmont.com/investors/news-release/news-details/2024/Newmont-Announces-Balanced-Capital-Allocation-Strategy-and-Return-of-Capital-Framework-Supported-by-Portfolio-of-Tier-1-Operations-and-Projects/default.aspx

" Announced a Focused Tier 1 Portfolio*

Intend to divest six non-core assets including Éléonore, Musselwhite, Porcupine, CC&V, Akyem and Telfer, as well as two non-core projects including Havieron and Coffee

Focusing management efforts on portfolio of Tier 1 assets and emerging Tier 1 assets

Sequencing development projects to focus on enhancing project development capabilities to bring forward the gold industry's best pipeline of gold and copper projects "

Newmont NOT divesting SOLG (but ARE divesting Havieron...) and focused on Tier 1 and "emerging Tier 1 assets"

Meanwhile, Newcrest's former CEO Sandeep Biswas has started a $1 billion fund which is looking at undervalued shares and is specifically targeting SOLG...

And we haven't even had the expected flow of RNSs yet...

Still no Directors' Buys so something material must be in the pipeline because SOLG is an absolute steal at these levels...

Have patience guys...if you buy at these levels you won't be disappointed IMO. We're now up to 2.4m after yesterday's buy at sub 6.14

In the absence of a TR1 or a news RNS in the next few days we just need to shake out the traders who will have capitalised on yesterday's sales...then watch the SP recover...

So...final comment...

MSCI is an index just like the FTSE for example, but this time a mining specialist index.

Membership will be based on MCap, so clearly SOLG's MCap had fallen to the level at which it dropped out of the index on the monthly (or quarterly) review).

As a result of that, the MSCI funds on the Morningstar list would have to sell their holdings.

According to the list I publshed earlier (and assuming either that there were no other MSCI tracker funds smaller than these) the total that would have to be sold was 19 million shares.

Which doesn't quite explain why yesterday's total volume was 76 million...far and away the highest in SOLG's history

But if you look back, the total volume in the 3 trading daysd immeditaely after the announcement of the relegation was 52 million, including a 15% fall on 15 February, the first trading day...

Now while these extraordinary volumes might be partly down to trading 'churn', there must be the possibility that there has been at least one sizeable buyer in the background...

Time will tell but lets hope for more rational daily patterns with a steady rising trend now, once the traders who took advantage of yesterday have been shaken out...

SOLG closed at 6.96p equivalent...

We lost two addickt at the AGM

5 including the CEO isnt enough for a FTSE company...

But I think the Liu appointment is tasty and points the finger at BHP and Newmont...

Bramaderos is also mentioned, where we have inherited Cornerstones prospects...

IMHO it would only take one regional deal to reignite general speculation in SOLG...

How long before the market realises SOLG is at least as much a Gold as a copper play...and with the gold price showing better form than copper.

Finally, what Sandeep Biswas does with his new funds interest in SOLG could be a trigger.

If it takes relatively modest sales by Berry Street and MSCI to put the SP down here (instead of at least 14p, where it should be otherwise), what would steady modest buying do to the SP.

The question is, will at least one TR1 turn up next week...?

There is no fund that is dumping and it's only coincidentally related to BlackRock.

This is MSCI

https://www.msci.com/

There is a global index called MSCI which is essentially a mining tracker fund.

If you look at Morningstar you will find there is a host of Mutual funds that are using the MSCI index. BlackRock is the largest licensee to use MSCI.

https://www.morningstar.com/stocks/xlon/solg/ownership

MSCI has announced on 14 Feb that after 29 Feb it would no longer include SOLG in its index, so that is what yesterday was all about.

My own view is that this will dramatically reduce the number of AT trades.

So there has been 15 days to unload the SOLG shares and yesterday was the denouement.

Let's hope we now see a much less volatile market in SOLG shares which better reflects the actual trading of institutions and PIs...

Hope this helps...

PS a stream of positive RNSs to come over the next few months...unless of course were bought by then...

65.5 million volume today...more than 2% traded!

TR1 incoming next week...MSCI now finished and out...

Who bought them...?

53.16 million volume...comfrtably the highest in 5 years and probably ever...

Tomorrow may be the start of better things now MSCI is gone...

41 million at 6.14...

Certainly goi ng out with a bang...

Off gthe first 530 trdes of the day, 460 were Autobots thats 87%...

And total volume for the day already over 10 million shares traded...

Where will we close...? Up on the day...? 6.50 plus...?

Are you for serious magoo...?

Hmmm looks like nobody followed me in...

2-3 RNSs coming, including drill updates and non dilutive financing that will allay any cash worries...

Scott meeting Noboa imminently...