Member Info for mattlilly

Apologies Bozi, I misunderstood.

I believe Twigger and Clare's departures are signalling the end game soon...

We've seen no RNS about them selling shares...

How on earth would a shorter know something the market doesnt know...?

Unless you think they're part of a conspiracy plan by Sangha...

What we need now is "the Board of Solgold has received an approach that may lead to a bid..."

Followed by XIB closing their short...fast...

Bozi...when you look at all the work reported in the November MD&A to derisk the project...

And that they are well on with PFS3 and Scott committed to Q1 2024...

Why would you think they need another year...?

Frankly my opinion with the impending copper shortage and all those indexes breaking out, its only a matter of when one of the 20 parties in the data room loses their nerve and makes the first bid...

Then its game on...

Apologies for the error...its 92.2 million oz silver...

The TOTAL GROSS value of the metals in the ground is now...

Gold 26.7 million x $2040 = $54.47 BILLION

Silver 92.2 million x $25 = $2.31 BILLION

Copper 12.6 million x 2250 x $3.847 = $109.06 BILLION

Total $165.84 = £130 BILLION vs MCap £266 Million

Now why would anyone think this could go to 0p...?

Gold on a tear...

Silver on a tear...

GDXJ big breakout (Junior Gold Miners)...

Copper breaking out...

Junior Miners Index has broken out...

All as I forecast...

Little effect on SOLG SP yet, but it will come...

At current prices, the value of the metals in the ground are a total of higher than the assumptions in PFS2, viz:

Gold $2040 - $1700 = $340/oz x 26.7 million = $9.078 Billion

Silver $25 - $19 = $5/oz x 82.2 million = $553 Million

Copper $3.847 - $3.70 = $0.147 x 12.6 million tonnes = $4.167 Billion

Total incremental value is $13.8 Billion = £10.87 Billion

And yet the MCap is still only £266 Million...

Value will out...its only a matter of time...

Eloro thats rich coming from someobody who has still failed to answer the legitimate questions I asked.

And you told us heer that you have a day job...what are you? A fireman...waiter in an empty cafe...

What happened to ""He that humbleth himself shall be exalted...."

And heres the interpretation of Luke 14.11...

"“For all who exalt themselves will be humbled, and those who humble themselves will be exalted.” By making ourselves the center of attention — with our greed, pride, demands and complaints — we fall into the temptation of idolatry, that is, of worshipping false gods, who deserve neither honor nor trust."

Apply to self...

Sorry addickt but you're still not correct...

The shares are already in issue...they are part of the 3.001 billion.

And if they were sold to a prospective bidder it would definitely spike the price (hence Bob's observation about using them 'strategically')

But even ifd they are slowly fed into the market they would increase liquidity which, as I've said. is a major reason why this share is going nowhere...institutions or othe rbig buyers simply can't get any size...

Mrprt had to pay a 3% premium to get just 829k shares...

Bozi...thanks for posting so much commonsense...

I beg to disagree on gold and junior miners...

This time its different...and it will be for copper too...

We are long overdue a metals and minerals boom and that goes for Junior Miners too...just look at GDXJ which is breaking out forcefully...

https://finance.yahoo.com/chart/GDXJ/#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--

Goldmans are the leading forecaster

https://www.kitco.com/news/2023-11-27/Goldman-Sachs-raises-12-month-gold-price-target-to-2-050-as-the-metal-s-shine-returns.html

https://finimize.com/content/buyers-are-buying-it-miners-arent-mining-it-coppers-a-boom-just-waiting-to-happen

"The copper mining industry, meanwhile, has been twiddling its thumbs.

There’s been close to zero investment in new projects for the last decade, because of – among other things – the prospect of poor returns due to low prices for the metal. But even when rising copper prices should’ve been an incentive over the last 12 months, there hasn’t been a single major new copper project approved.

The lack of a response from the copper suppliers has left the copper market very close to peak supply. Consider then that it takes at least two years to extend an existing mine and as long as eight years to ramp up a completely new mining project, and things aren’t going to get better quickly. In fact, Goldman Sachs has estimated that there’ll be a record shortfall of copper over the next decade."

https://www.northernminer.com/subscribe-login/?id=1003859048

Well done Mrprt. If you can hold you won't regret it, although I fear there may be a wobble if all the people who are angry because they lost money vote out the board by tipping the balance from 50 to 49...

Addickt...it doesn't create further dilution because the shares are already in issue.

Anon, you obviously didn't read my simple maths.

Operational cashflow is c$1m a month.

At 30 September they had $22.9m

By my maths thats 22 months, without the CGP shares being issued.

Anon...you're not going to get a DFS, because that is for funding.

SOLG is NOT going to build this mine.

All you will get is a PFS3, with lower costs, earlier production and better, earlier revenues.

It is being prepared for serious buyers who are in the data room.

You basically said nothing has happened in the last year.

It would take 5 minutes to read the extracts from thwe latest MD&A which showed that PLENTY has been going on to derisk Cascabel.

If you can't be bothered to invest any time in reading the info that the Company provides on a regular basis, you shouldn't be buying shares at all.

All of that is on the first few pages of the November 2023 MD&A

"I have to be honest, I see these reports and usually I can't be bothered to read them and rely mostly on reactions on here to get some sort of view. ..."

So its not surprising that you said

"Why do I get the feeling someone's taking the proverbial here?

So nothing that moves us towards a sale has really happened in the last year has it?

Perhaps I've missed something, but I see nothing to make me think a sale is anywhere near, let alone imminent...."

I wonder how many other people are critical of Scott and will vote against him because they think he is doing nothing.

If posters here can't be bothered to reads the information that is readily available, why the hell are you still invested?

And

TERM RENEWAL

The Company announced on 17 July 2023 the receipt of the Term Renewal from the Ministry of Energy and Mines of the

Government of Ecuador for the Cascabel Project Concession (“Cascabel”).

The Northern Zonal Coordination of the Ministry of Energy and Mines issued Official Letter No. MEM-CZN-2023-0810-OF

containing Resolution No. MEM-CZN -2023-0090-RM (“Resolution”) for the Term Renewal of the Cascabel Mining

Concession (Code 402288) until 2048. The Company may request additional term renewals in the future. The Term Renewal

confirms that Cascabel comprises 4,979 contiguous hectares and is a large-scale mining regime in accordance with Ecuador’s

mining regulations.

The mining concession renewal term is 25 years from the registration date of the Resolution in the Mining Registry under

the Agency for the Regulation and Control of Energy and Non-Renewable Natural Resources and subsequent notification to

the Northern Zonal Coordination of the Ministry of Energy and Mines.

INVESTMENT PROTECTION AGREEMENT

On 19 November 2021, the Company signed a preliminary commitment declaration for an exploration investment

protection agreement (“IPA”) for the Cascabel Project in northern Ecuador. The IPA outlines an intention to invest

approximately US$430 million over 10 years, between 2013 and 2023, in mineral exploration activities in the Cascabel 38

mining concession. The total includes historical investments of approximately $238 million invested through the end of 2021

and planned future investments through the end of 2023, which is when the exploration phase of activities, as defined under

mining law, is expected to finish. As noted below, the Company is in the process of amending the IPA to reflect the changes

in the status of the Cascabel Project.

EXPLORATION PERMIT (“EARLY WORKS”)

The company continues to receive the necessary permits to advance planned activities that are required to complete the exploration phase.

Also

PERMITTING

EXPLOITATION AGREEMENT

On 19 July 2023, the Company completed contractual negotiations with the Government of Ecuador and agreed upon a

term sheet (“Term Sheet”) in preparation for the execution of the Exploitation Agreement for the Cascabel Project. The

Exploitation Agreement, coupled with existing legislations and regulations, establishes the legal and financial terms and

conditions (including taxes, royalties, and advance royalties) required for the Cascabel Project’s development. The Term

Sheet has been approved by the Ecuadorian Government and provides for the production of copper, gold, and silver from

the contract area for a period of 33 years, which may be renewed. The Group and the Government of Ecuador agreed to an

advanced royalty payment totalling $75 million, with $25 million due upon the concentrator construction start date. The

remaining two payments, each of $25 million, will be made on the first and second anniversary, respectively, from the date

of the first payment. The actual royalty on net smelter revenues ranges from 3% to 8%. Revenue from the royalties collected

by the government will be allocated to productive and sustainable projects through the municipal governments and parish

councils of the communities of the Cascabel Project. The Company has applied to change the Cascabel Project’s official

status from exploration phase to exploitation phase (“Phase Change Application”). The Company has up to six months after

the approval of the Phase Change Applications to execute the Exploitation Agreement. Once executed, the Exploitation

Agreement is required to be registered with the Mines Registry. The Exploitation Agreement will govern the legal, economic,

technical, social and environmental commitments by the Company and the Government of Ecuador.

Management expects the Exploitation Contract to be finalized and announced prior to end of the current financial year.

MD&A Nov 2023:

"Advanced work on the revised pre-feasibility study, which envisions a phased development approach of the Cascabel

Project, with the primary objective of the study reducing the initial capital required to commence operations."

"We continued our review of financing opportunities. Options under consideration include but are not limited to, selling a direct or indirect interest in the Cascabel project, divesting other assets, or issuing debt or equity for cash proceeds."

"We continued the implementation of the reorganization plan emplaced in 2023 which is designed to reduce costs, optimize manpower and prioritize capital allocation to position the Company for long-term success. This ongoing process is focused on preserving the Company’s financial resources, de-risking the Cascabel Project, and investing in exploration projects on a rational and prioritized basis."

"During the three months ended 30 September 2023, the Company continued work and vendor engagements to produce a revised pre-feasibility study, which envisions a phased development of the Cascabel Project. The updated pre-feasibility study is expected to be completed by first calendar quarter 2024. Management is currently negotiating access rights and ownership for proposed tailings management area locations. Once accessible, geotechnical work can commence. Access to the proposed locations is expected to be secured in fiscal 2024. Most other project work will be focused on obtaining required permits and agreements to allow for the development of the Cascabel Project (see Permitting section, below).

The Cascabel project will continue to move forward efficiently and cost-effectively. The following activities will advance and de-risk the project.

Securing the property required for essential infrastructure such as the tailings deposition site, the concentrate and

tailings pipeline route, etc.;

• Preparation and issuance of a Revised Prefeasibility Study that will examine a phased development approach for

the Cascabel Project;

• Engineering of the elements required to advance the study will be conducted by SolGold technical personnel; and

• Required third-party engineering will be sourced through a multiple-bid process and awarded to qualified firms

based on quality, cost, and schedule.

"Plus, I have a day job and young kids, so I cannot dedicate as much time to research as I did when I bought solg in the first place...."

On 24 November you posted at

6.47

6.58

7.07

7.45

8.18

8.19

8.21

8.25

8.29

9.16

9.23

10.26

10.39

10.52

11.22

11.27

11.42

11.50

13.26

14.36

And on your day off (Sunday) to give the kids and wife quality time youi posted at

9.42

9.55

10.14

10.18

10.20

10.27

10.35

10.48

12.59

But back at the grindstone today...

11.33

11.44

13.14

14.43

14.53

15.49

So are you a civil servant, on a zero hours contract...does your employer have internet tracking software...

Maybe if you dedicated more time to research and actively managing your holding rather than psoting all day you might not be in the mess you are...

And does your wife know you've lost all this money...?

Sleep well.

Signing off

Questions left unanswered:

"What has he not done that he said he would do. Please insert quotes. "

"If you get rid of Scott, who comes in to replace him? How much does it cost in severance? What happens to the SP when he sells his 17 million shares? What directly relevant experience will the incomer have of running an explorer like Solgold and more specifically preparing it for a sale? How long is the learning curve for the new person?"

""End the strategic review and start some corporate action in play..."

What specific action do you propose...more drilling? Faster cash rundown...may add to thje asset but iof the market values a company with $155 BILLION in the glorund at £250m, what difference would that make.?

Don't even think of answering this unless you have credible, believable, costed proposals to push the SP higher. I repeat. Only respond to this post with credible authoritative answers. "

""Too much about this company is reduced to guessing because we are not properly informed. "

"So please tell me Eloro what we are not being properly informed of?"

"So Eloro...tell me precisely what you would have done to arrest a slide which, albeit accelerated by the Berry Street capitulation, mirrors the savaging of so many other mining companies... "

Take your time. Eloro..you have until tomorrow to come up with the answers...

And would a humble person say this...

"The GFD, CEO, CCD, BBC, ITV would do well to remember the virtue of being humble. "

So as you close, you haven't answered any of the legitimate questions I have asked...

Here are some of your more humble statements in the last few days:

"Nincompoop Aussie Loser...Yet again you wear your illiteracy like a team colour and your lack of intelligence like a badge of honour..."

"Clearly they had you in mind when they said that there is no fool like an old fool:....At least you can blame your illiteracy on dementia. Have you changed your diaper yet NAL?....Being a schoolboy is infinitely better than having to rely on a carer for the basics heh NAL!"

"Arrogant, condescending, boastful and a poster who thinks only his views matters and that you are a genius and everyone else are simpletons."

Hmm..."There is a verse I try to live by(KJV):

"He that humbleth himself shall be exalted. He that exalteth himself shall be abase (made low)."

Totally agree Bozi...

And given that Berry Street accounted for the fall from 14p+ to under 8p, the whole of this can be laid firmly at Darryls door not Scotts.

If anhything Scott has stabiloised the price, including throwing his own cash at it.