Member Info for mattlilly

Copper at $3.90 and rising...

Gold at $2053 and rising

Silver at $25.4 and rising

GDXJ at 38.62 and rising

ANTO up 5.3%

BHP up 3.4%

SOLG dwon 1.1% and stagnant...this coiled spring is getting tighter

Trading still dominated by Autobots...probably at least 80% of trades...

This is puzzling...

Maybe they are just reminding the market that we are more than just Cascabel...

Porvenir ranks in the Top 20 new copper projects, based on copper equivalent of copper and gold, based on Solgold's latest presentation, with a Gross ore value of $14.6 billion

It has 2.21 million tonnes of copper equivalent.

For comparison, also with an open pit mine, Atalya Mining's Rio Tinto mine complex has a total resource of 1.558 million tonnes of copper

The NPV of Rio Tinto is £1.405 million and ATYM's MCap is 463 million

The pro rata NPV equivalent for Porvenir would be £2 billion.

Even if it cost $500 million to build the mine and plant, that still leaves a NPV of $1.5 billion (Rio Tinto cost $200m)

Not much reaction yet, but Indicated + Inferred are:

1.68MT copper = Gross Value = $14.67 BILLION

2.18Moz gold = $4.4 BILLION

Total Gross value over $19 BILLION

And remember, Porvenir would be an OPEN PIT...quicker and cheaper to mine.

I wonder if this presages a possible sale or JV of Porvenir...

It does however show continuing development of Porvenir. Something else Scott has been doing...

This guy's a paid deramper...

He has never posted on SOLG and then appears out of the blue...

I've read back about 300 of his posts and most of them are like this:

"Just give up pumping and scamming poor investors."

Go away loser.

Remember SOLG has a great prospect right alongside Solaris' Warintza...

PS Thanks again DBW. We miss Hubrishunter on here...

Https://seekingalpha.com/news/4041397-panama-to-shut-down-first-quantum-copper-mine-after-court-ruling?mailingid=33524217&messageid=2900&serial=33524217.2742&utm_campaign=rta-stock-news&utm_content=link-1&utm_medium=email&utm_source=seeking_alpha&utm_term=33524217.2742

The SP seems to be being traded into a narrower and narrower band...

9.40/8.60

9.35/8.70

9.30/8.80

Which way will it go when it bursts out of the tube...?

You seem to have a handle on markets, charts and TA...

On 27 November you posted this

"MANIPULATON !

At 9 am a manipulator gets into action today, has been going on for some time ( days ) but today was well observed in the order book all day.

That is the problem with AT stocks on small cap."

See my obsevations below on Autobots...

Do you agree and in your opinion, when/how will this stop...?

Look at the Intraday Share Chart on the SOLG Share Price page...

It couldn't be more clear how they've walked it down...

Is this being held down for a bid(s)?

As expected...Autobots drove the SP up to 9.36...driving it back down below 9p...

Reasonable volume and PI buys not enough to outweigh this blatant manipulation...

According to your post on 22 September you sold out at c14p for a loss from 16p, so well done...

But you've missed the chance to get back into these 35% lower, virtually at the bottom before a steady rise...

He was driven away in frustration by the usual suspects on here.

Thoroughly sound and I've followed him on Twiitter ever since.

Thanks mog

Jitters..

Thanks for your post. I believe Scott is also a CEO "with vision and determination" if you read the latest MD&A and all that he has been doing to derisk SOLG for complete or partial sale...

Since your informative post I've been analysing Marula, which does indeed look very interesting. I shall be watching it with a view to investing further down the road...but not now...

It has undoubted potential, but at the half year had 3.343m payables and only 443k receivables. Even accounting for the issue of 1.1m shares at 14p its going to need further cash raise(s) to fund capex and production. I expect equity issues now its on AIM, but with a MCap of only c£12m I suspect you will find that a painful experience.

I fully expect SOLG, ATYM and JAY to be far better investments over the next 6 months or so, but good luck to you.

Thanks again

Excellent Eish...

If I was a serious bidder, I wouldn't be waiting around for metals, minerals and Junior Miners to go ballistic...

Mind you, based on the Noront experience, any bidding war starting now is going to be carried through to that inevitable scenario, finally for our mutual benefit...

PFS3 could even be redundant by the time it is published...if not, the inbuilt assumptions of PFS1/2 on Gold at $1700, silver at $19 and copper at $3.70 will surely have to be revised sharply upwards...?

Copper close to a 4 month high exactly mirrors the dollar at a 4 month low...

A thoroughly sound post Italian.

Thanks

Medium term targets...

$2100 for Gold

$30 for silver

$4.40 then $5 for copper...

Growing volumes the last three days and today has started OK with more PI buying and the Autobots moving the price up ATMO...as long as they don't bash it down again this afternoon...

Immediate target is breaking 9.6 and ploughing on into the 10s...after that theres no major resistance until 15 or so (where Berry Street started the slaughter...)

Not a lot of stock around but we need determined buying to develop this scenario and ideally trigger XIB into closing...

So heres a plausible scenario...

First I'm not alone on here in believing that the two major factors in the depression of the share price over the last 17 months have been:

Darryl's astonishing incompetence in trying to persuade the Board to embark on a failed cashbox raise...its failure and the market backlash that followed when SOLG was perceived to be desperate for cash.

The forced liquidation by Berry Street when the SP had established a solid base between 14 and 15.

But a third important factor has been the state of the global economy, especially including high inflation, and the continuing depression of metals prices, the mining sector and especially gold, copper and Junior Miners.

At a time when the SP had already been weakened by the above, this was a perfect storm to batter the SP.

Indeed if you compare the copper price and gold price charts since April, you will see a close correlation until Berry Street hammered the SP just as the latter were showing signs of turning up...

So we've missed the effect of the sharply better metals prices...so far...

And don't you think that Sangha will have advise the Board from April onwards that it was entirely the wrong time to be seeking a sale and that, as Nick has forecast for years, eventually the impending massive copper shortages would impose themselves on metals prices.

So I now believe we are approaching a positive perfect storm...

Scott has used the time to revisit the PFS to produce a 'bankable' one that is far more bankable and attractive to a range of bidders, with cheaper and quicker construction, getting ore mined and positive cashflows sooner, by virtue of an angled shaft into the core of the richest ores (i.e. similar to traditional coal mining), creating the cash flow that will pay for the block cave mine that can then commence construction.

It may well be that Sangha has had informal approaches asking what sort of orice the Board would consider for a sale, because no bidder wants to look stupid by being the first to make a bid that is rejected out of hand.

And based on Nick's previous views on "Asset Value not Market Value" prospectors may have been told "you're not in the ballpark under £1..."

And of course that would ward off interest for the time being until the Board's chosen moment, which would be once PFS3 is produced, together with any remaining required permits.

Sangha is a consummate Corporate Finance professional, embedded within world's mining finance centre, i.e. Canada.

You might say Wall Street, but they are preoccupied withe the "21' high tech companies.

And he would have known at the outset that Cascabel was unfinanceable for a company of Solgold's size without massive dilution.

He would also have the Mining industry connections to know when metals markets and Junior Miners would catch fire.

So PFS3 will arrive at the optimum time in terms of rising markets and savvy bidders may not wait to fire the starting gun

COP28 coming up and this BB is leading the world in going green.... ;-)

Eloro and anon filtered...

One can't be bothered to read the detail the company puts out but says they've done nothing in the last year

The other adds nothing except personal insults.

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