Member Info for mattlilly

Thats what the man said...

Holding above 11.20...new support level...?

12.50 then 14 next targets...

Total respect Talatum. Thanks for being here.

Are you serious...?

Looking at the pattern of trades today I would suggest the MMs are in a panic because of the shortage of stock...

Apart from our new friend below, who would sell after yesterday...?

Is this a foretaste of what's to come...?

There will of course be bouts of selling as we move higher.clearly some people dont want to take the risk of making shedloads of money....

DBW I've jjust checked that trade, which I believe actually was made at c10.45...

The SP had fallen back from 10.02 to 9.61 in just over a minute...so Ithink the 1.25 million at 9.639 was a Buy and the SP bounced from 9.61 to 10.18 in just a few minutes...

Now I wonder who made the Buy...hmmmm...

Thanks Eish, but I don't think a bid is causing this..

Mind you, markets are notoriously leaky so it can't be ruled out.

However, I think there are two significant things about today.

1 The market has been consistently illiquid and it was therefore always likely that concerted buying would push the shares up sharply. Market size in SOLG shares is 50,000, but very few trades were better, at or near that level. That is definitely a sign of a shortage of shares in the market.

So the first thing I think is significant is that the price kept goin g up; it closed close to the day's high, 37% higher, DESPITE the fact that some traders will have taken profits and some investors may have cashed out.

That augurs well for the next few dealing days, but especially into January.

Just keep in mind that a risin g share price has to pause to 'refuel' from time to time...

2 Assuming there is no bid in the immediate offing, not only may today's action have made prospective bidders reassess their starting bid, but also the sustained pace at which the SP rose and the certainty that this is still massivbely undervalued, PLUS all the other things that are happening...rising copper and gold prices; the gathering momentum of a Junior Miner Bull market; etc....

Might just kick bidders into action earlier than they would have wished while the SP was steadily and slowly drifting away with nothing apparently happening

So my overall conclusion is that we aint seen nothing yet and despite occasional setbacks in the trajectory, one of these days we will wake up with a big smile on our faces...

Then the only decision left will be when and how much to take our profits...

Good luck all...

The Offer hit 11.32 and somebody paid 11.10 just before the close...

Closing virtually at the high of the day, 37% up has to be mega bullish...surely...?

IMO part of the explanation is what is happening to Junior Miners...

Look at GDXJ...definitely broken out...39.9...ATH 172...

Last Junior Miner Bull Market 2010...wayyyyyyyy overdue...

https://finance.yahoo.com/quote/GDXJ/chart?p=GDXJ#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--

And silver...which will cover the Cash AISC

25 then 26/28 and then off to the races...

And if you're dreaming about the SOLG potential without a bid...

GDXJ has definitely broken out (Junior Miners Gold Index) Currently 39.9

Targets

42.3

50

55

60

100 and then the All Time High of 172 in April 2011

Which means that, even without a bid there is huge potential for a Junior Miner such as SOLG with 26.7 million ounces of gold currentl worth...

$55.3 BILLION Gross...

MCap c$330m

Now do you understand why I'm so bullish and believe, like Bob Sangha, that SOLG is MASSIVELY undervalued...

Happy New Year One and All...

Copper breaking big time...?

Targets

$4

$4.10

$4.30

$4.50

$4.80

$5.00

And Gold also...

$2070 is MAJOR resistance...bounced off 4 times...

Blow through that, nothing until $2150 and then the real fun and games begin...

Enjoy

Welcome LawrenceGar...another fresh face...have you bought today or do you already hold? If so well done.

If thats you Eloro, save your breath...A caint here yew...

Sorry Eloro...I give up...you're an arrogant fool...

Some of your more erudite recent quotes...

"3 months to go where my prediction will be fulfilled re nothing changing here come March 2024......

"I am looking forward to what the pundits will post as we approach agm 2024 with no sale, no bid and further dilution....

"As always, I expect the worst

The second was posted yesterday...

Thew third at 9.02 today when the SP was 8.32...immediately after which the SP rose 24.3% in a couple of hours...

Pretty special aren't you mate...

Meanwhile I refer you to my 9.35 post, after which the SP rose 22.5%

So sadly you become filter number 62 because frankly you are pretty unpleasant as well as arrogant...

Targets...

9.30 Tick

9.70 Tick

10 Tick

11.20 Next

14

15

Next targets...

9.30

9.70

10

11.20

14

15

I would rather focus on an event that may be less than 35 days away...

PFS3...

Also we should be just about done on tax year end selling...now looking forward to momentum building in the developing bull market for Junior Miners...

Look at ADT1 for example...

SOLG next...?

Sorry...should read

"Wyloo (led by Bob Sangha) acquired 37% of the shares at 20c..."

Thats a good sumamry AD...

For anyone who hasn't read the article that waynexx has posted, it only takes 3/4 minutes and could plausibly explaing a lot of what has been going on here...

The trouble is that I'm not the only one here believing short selling is being used to manipulate the SP here...

And based on the usual low volumes its not at all difficult and if you look at the individual AT trades, the average is very low, leading to the conclusion that nobody would make any money out of them, so manipulation is the only possible explanation...like when you get 40/50 consecutive small A trades in a very short period...

As any expereiced investor on here know, trades timed when there is poor volume can easily steadily push the price down...and even if the shorter has to close those by the end of the day, they would lose hardly any cash.

And if it was say Jiangxi they wouldn't care about the cost anyhow, because the end gain could be in hundreds of millions.

But I repeat...all we need is two determined bidders, whatever the starting bid is...

Noront shares were 12c only months before the bidding started. Wyloo (led by Bob Sangha) acquired 375 of the shares at 20c, but the final price still finished at $1.10c only a few months later...

The resources here way exceed what Noront had...

Waynexx thanks for that link which I've only just got round to reading..

Its worryingly persuasive, especially this part:

"But veteran junior mining investors say that the removal of the “tick test” restrictions on short selling in 2012 have unleashed algorithmic trading programs onto the market that prey on both companies and retail investors. "

The trouble is there is no mention of UK regulators who frankly don't seem to care when a huge company like Halifax can almost be destroyed by short sellers, as happened in the Crash!

Short selling was permitted to facilitate 'more orderly markets' but in my opinion it has caused immense value destruction...and its so easy to do...