Member Info for mattlilly

Unfortunately gold (down 6% today)

Copper down 3%

Silver down 6%

Have all been hammered down this afternoon...

Easy picking for Autobots when theres no buying...

Just a reminder for those who may be mindlessly haranguing me...I hve 62 people filtered...

I CAN'T HEAR YOU...

Heartbreaking ARAOK...but look at the p***poor volume...mainly Autotrades...

Cheers Mrprt

Thats a very fair post Eish and the most relevant fact is that gold has almost no inherent value, although it is often used as a counter or support to currencies.

I think its beyond doubt that there is an inverse correlation between the POG and the dollar.

But nevertheless, as stats show, tyhe demand for gold, in the last few years especially by Sovereign countries, has outweighed the supply, mainly because the majors have lazily or complacently largely not bothered to replenish their reserves as they rapidly deplete.

It is reliably estimated that there is only 16 years gold left. That number will drop rapidly if the dollar collapses as China holds sway against the FED Balance sheet (which has gone from 9 trillion to 30 trillion since 2008...)

And then theres copper...

"A copper deficit is set to inundate global markets — and one analyst predicts the shortfall could potentially extend throughout the rest of the decade."

So what will happen?

What always happens eventually is that the majors buy up Junior Miners which have done all the hard slog to identify, drill and prove up new resources, but in many cases do not has the wherewithal to build and mine them. (Sound familiar...?)

We are coming to the end of one of the longest Bear Markets in Junior Mining in history (since 2010)...but Junior Miners indexes are rising sharply and M&A activity is starting to pick up...

So the bad news is that SOLG has been on the end of:

A 13 year Bear Market;

A Bear market in metals and minerals

The highest inflation for 33 years

Darryl's disatrous failed cash raise and

Berry Street's forced liquidation.

The good news is that Scott has slashed cash burn and we have plenty to survive

PFS3 is on the horizon

There are 20 companies in the data room

FIVE have done comprehensive site visits and at least one was "excited by what they saw..."

And gold, copper, silver, Junior Miners and especially gold miners have broken out into the start of a new bull market...just at the right time for any bidders to be sharpening their pencils.

We may have lost out by the incompetent mess in completeing the merger (NOT Scott's fault) and gthe other negative factors, but meanwhile the value of our resource has increased by tens of billions...

Sorry that should have been:

"The Porvenir (Cacharposa) resource was announced on 15 December 2021..." otherwise it doesn't make sense, so...

he Porvenir (Cacharposa) resource was announced on 15 December (as you saw earleir, 2.18m ounces of gold and 1.68m tonnes of copper. The vgross alue then was over $20 billion.

The SP rose 16% but 6 weeks later it was even lower...at todays price we would have topped out at 9.5p, which is what we hit briefly last week...

And the bottom line is this...

Whether we like each other or not, we are all in this together. We are a sort of club.

Anyone on here posting and not holding shares is either a deramper or a spoiler or a fool or a shorter or looking to get back in cheaper.

It is a sad element of modern society that so many people blame other people when things go wrong, rather than acknowledge the mistakes and errors of judgement that they themselves have made.

I don't know what proportion of posters on here are men, but of those who are, how many have wives/partners who have no idea what your exposure is and/or how much on paper you have lost?

There were people who invested their entire pensions in SXX, frankly through greed and/or stupidity. They probably got a tip from a friend or got caught up in the hysteria.

How many of them did even any research which would have told them not to buy in the first place, or at worst to dump them and accept a loss when the writing was on the wall.

So to all those that have been on this ride as long as I have...and even longer in some cases, such as Quady, it has been an extraordinary saga, but it is coming to a climax.

I wish you all well...its been a hard and painful road...this has been an exceptional opportunity that was trashed by the inept management of Darryl, not Scott.

And if you continue to hold I look forward to celebrating our extraordinary success.

And for those who are angry or want to continue to trash the company or Scott, why on earth are you still here? And iof you keep posting negatively, what effect do you think that has on newbies to this BB or those who eventually panic and sell out because of the mindless rubbish you post?

And if you hold shares and still post angry, negative, uninformed, narrowminded opinions, you need a sanity check because the logical consequence if we all did that would be the shares falling even lower...

And that would be your fault, not Scott's...

Because when the SP was on the verge of falling even further, he bought another 790, 000 shares at 11.54p.

And some of you even criticised that for having so many shares...

Please reflect before replying.

Thanks for reading.

I'm sorry...I have no idea who is posting because I have 62 people on filter...

And if you're accusing me of ramping or talking my own book...

These detailed posts require a huge amount of research, analysis and calculation.

I am always open to correction on calculations, but I am simply quoting verifiable FACTS.

I'm afraid there IS an astonishing mismatch between the SOLG FACTS and the market valuation/SP.

I have tried to understand that myself. Its not Scott's fault. If you think it is, you have to say why and what you think he should have done.

He's slashed the cash burn so that we can get well past the announcement of PFS3 and that is where the sole focus is now.

Some people say he should have been doing more drilling...where and why?

You've seen below the astonishing in ground bvalues of the resources. What material difference would more drilling make to the value of Cascabel. We were reminded of the resource of Porvenir, also valued earlier, and that had no effect on the SP. As the numbers haven't changed, I still think that presages a bid for Green Rock Resources.

The Porvenir (Cacharposa) resource was announced on 15 December (as you saw earleir, 2.18m ounces of gold and 1.68m tonnes of copper. The vgross alue then was over $20 billion.

The SP rose 16% but 6 weeks later it was even lower...at todays price we would have topped out at 9.5p, which is what we hit briefly last week...

And then there are some who say they are going to vote against him because 'he has done nothing'. But then it tokk me three full posts to copy from the November MD&A exactly what he has done in the last year.

I'm afraid I have to say again.

Until some people take responsibility for buying much higher and then sitting doing nothing, it seems ironic for accusing Scott of...."doing nothing".

I have been investing and/or managing in Stock and Capital Markets for over 50 years, as an individual, a Principal and a Stockbroker. Most people buy on FOMO and eventually sell out for a loss.

Unless you put money in a Building Society Fixed Interest Account you run the risk of losing money.

You shouldn't invest in any share without being prepared to put the work in to undeestand the company, its business and its markets. You have to constantly update that research. I may have more time than some on here but I put an average of 3/4 hours every day into reading and researching. I might bnuy one day and sell the next day...not because I'm trading, but becaude circumstances have changed.

If you're not prepared to do that, either put your money somewhere safe or use an IFA or buy a Fund.

I'm not in any way criticising anyone, but the mindless unverified criticism and complaint on here imply that you simply don't understand what you have invested in.

And posters on here who call me a clever d*ck or similar virtually never respond with constructive criticism of the facts that I post nor challenge the calculations that I mak

I have no beef with GGP. Well done to patient holders...

Havieron has Indicated and Probable Total Reserves of 5.2M ounces of Gold and 245, 000 tonnes of copper.

They only own 30% of Havieron...

So thats 30% of 13.3 billion AUD, which works out at about £2 billion...MCap £570 million (and yes I know they have other projects).

Cascabel alone has $170 BILLION (£130 BILLION) and MCap of £250 million.

Indeed Porvenir has 2.18 million ounces of gold and 1.68 million tonnes of copper...

Thats 40% MORE than GGP's equivalent ownership of gold and TWENTY THREE times as much copper

For a total value of $19.4 BILLION, or £15 BILLION

SO Porvenir'e reserves alone are worth 7.5 TIMES the value of Greatland's stake in Havieron.

I am as always happy to be corrected on my calculations but can you see why the Solgold valuation is so massively, perversely low...?

(BTW Greatland has a similar amount of cash)

After PFS2 I received an email from S/O at Solgold as follows:

"On the EBITDA, I expect in the first 5+ years (after ramp-up) EBITDA to come in at $2bn, lower range.

At a multiple of 5x, that means USD10bn EV then. A good indication of upside over time. ...

$10 billion EV is 'Enterprise Value'

That is...£7.9 BILLION, or £2.63 pence per share...

The numbers are all there...and it will only get better, so...

If you believe that we will never run out ofg cash (guaranteed, through streaming deals (especially with gold soaring), then...

IT IS ONLY A MATTER OF TIME before our prospective Enterprise Value is recognised by a bidding war...

People can fret about block caving or whatever (and even PFS2 said the revised plan is viable), but with $170 BILLION in the ground (compare those numbers with GGP and a MCap of £570m!!!!!), the current value is bonkers and Oyu Tolguei is much more complex than Cascabel...and located in Outer Mongolia...!

I keep thinking I should be buying far more...

"I honestly believe a potential serious bidder could be very likely responsible for the current share price..."

Noront's PFS

"Toronto-based Noront Resources has released the pre-feasibility study for its Eagle's Nest nickel-copper-PGM project in the Ring of Fire. According to the PFS, the mine will pay for itself after three years of operation.

Initial capital investment will be $734 million: $500 million for mine site infrastructure and development plus $234 million toward shared infrastructure"

So thats c$1 billion Capex for free annual cash flows of $177m

Based on figures Ingo gave me, adjusted free cashflow at Cascabel will be closer to $1 billion...yes $1 BILLION a year...at full production...

Its not dropping...its going nowhere...no volume and manipulated daily by Autobots.

This might be the best investment you ever make, if you're patient...

Read all my recent back posts and you'll see an immensely powerful bull case...

The TOTAL current GROSS Value of copper, gold and silver is $170 BILLION...thats c£134 BILLION...

"Not much use in the ground..."

MCap £250 million...

We are NOT going to run out of cash (enough for another 18 months at current cash burn).

Even if we were in danger, we could easily do another 0.5% streaming deal at even better terms than the OSISKO deal, because of higher metals prices, so $50 million should be a breeze and...

At current Operational cash burn that would last us until SIX years...

There is no way this astonishing mismatch of Gross Value, rising metals prices and a MCap of 1.7....yes ONE POINT SEVEN DAYS of Gross Revenue for BHP...

can possibly last...

I seriously now believe that the SP is not moving for three reasons:

1 Nobody is buying or selling...that means the SP stagnates...

2 Because of this, the Autobots are dominating the days trading, manipulating the SP to stay within a range of 8p to 9.3p...and why would they let it go above resistance at c9.5p when that would encourage buyers and probably drive gthe SP on and through 10p, meaning they lose control.

Look at 22 November when one buyer on here of 829k shares at 9.3p, well above the offer, drove the SP (which had been falling) to 9.79p before the Bots brought it back to a close of 8.9p...10% below its Intraday peak.

This shows how volatile the SP could be if volume returned.

3 I really believe the serious prospective bidders among the 20 in the data room, are struggling where to pitch what inevitably be their first bid (unless its a knockout, which IMO would have to be £1 plus to stand a chance) and therefore whether to bid at all, having seen how BHP, with a bid at 55 cents that the Noront Board recommended, were knocked out of the park by Wyloo eventually bidding DOUBLE BHP's offer at 110 cents/share.

So where to start? Anyone on here fearing 25/30p is exercising their worst fears. It would be ridiculed and would start a bidding war.

So why bother (unless its a stalking horse for Bob Sangha)

And its illustrative to review Noront.

The SP had fallen steadily from 50c in 2017 to 12c in 2020...it was 22c before spiking on bid speculation and taken out at 110 cents just 7 months later.

And heres the thing...there were only TWO bidders for Noront and Bob Sangha advised Wyloo, the successful bidder...

Hi Eish...

Both bottomed out c4 October...gold at c$1916; silver at c$21

Gold is up 5.2% at c$2066 and peaked at c$2142 up 11.7%

Silver is up 19% at c$25 and peaked at $25.9 up 23.£%...just about double...

Silver is the place to be...and its more than covering the cash costs of building the mine...

So much for solGOLD...the GROSS value of Cascabels gold in the ground is £57.4 BILLION...

Kapild...the share price crasshed because Berry Street dumped their holding into an illiquid market and drove the price down to sub 8

Scott is doing things to try and turn the SP round...

He and two Directors bought shares at 11p+

He has abboubced this update on Porvenir and here are the key paragraphs:

"Result assays obtained from the infill and extension drilling show encouraging mineralized intersections (Table 1), which should support the conversion of a large portion of the deposit into the measured and indicated categories, as well as significantly increasing the resource tonnage in both the measured and indicated categories as well as the inferred category. SolGold is planning to complete a resource extension drilling program, and when it is completed, a mineral resource update (CAC MRE#2) for the Cacharposa deposit will be done.

and

Drilling completed in the Cacharposa deposit indicates a pit constrained mineral resource, which is still open. The successful exploration performed at Cacharposa allows us to enhance our understanding on the geology and mineralization controls in the area, building our confidence in the potential to keep growing the resource with additional drilling, and to validate the high-quality of the other Cu-Au porphyry targets found within the Porvenir project".

Also I repeat...he has slashed the cash burn to $1m a month (balance 30 September $22.9m)

To be frank you've voted against him because your shares have lost money rather than make you a fortune...

Thats YOUR responsibility, not Scott's.

Https://seekingalpha.com/news/4042163-copper-pops-to-three-month-high-on-supply-concerns-upbeat-china-data?mailingid=33546445&messageid=2900&serial=33546445.16612&utm_campaign=rta-stock-news&utm_content=link-1&utm_medium=email&utm_source=seeking_alpha&utm_term=33546445.16612

"It’s the juniors – the development plays, the explorers – that have been slaughtered....The result of all this is that there are junior mining companies that are currently offering extraordinary value...."

https://gb.readly.com/magazines/moneyweek/2023-11-24/655fe7c52752598ef9d43d9d

GDXJ has broken out...

https://uk.investing.com/etfs/market-vectors-junior-gold-miners

https://seekingalpha.com/article/4641785-gdxj-junior-miners-could-outperform-in-the-next-rally-higher-for-gold

And the Junior Miners index has also broken out...

https://www.solactive.com/Indices/?index=DE000SLA0JM9

Solgold simply cannot be held down much longer...even as an arbitrage play...

Copper $3.92

Gold $2059 (All time high $2089)