Member Info for mattlilly

"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.

So many putative CEOs on here who know exactly what to do, but have never been a CEO, have never worked in a mining company, that know nothing about Corporate Finance, have never even been a GFD or CFO...

Don't even think of answering this unless you have credible, believable, costed proposals to push the SP higher.

Darryl was a disaster.

Scott is has grasped the nettle and is finalising a much better PFS3.

And please...the 'Strategic Review" is just a plan to sell SOLG, Cascabel and/or the regional projects.

There is no mention of drilling and "we are not mine builders"

I repeat. Only respond to this post with credible authoritative answers.

We may all be frustrated...me no less than you...but if the Board is voted out, it will be for the shareholders to find and appoint a replacement Board and you cannot begin to imangine the turmoil and the hammering of the share price that will ensue.

MARKETS HATE UNCERTAINTY.

Eloro...he's massively slashed operational costs:

6 months to December 2022 $14.14 million...$2.357 million a month

3 months to September 2023 $3.336...$1.112m a month...a cut of 53%.

You are absolutely right Eloro.

Definitively, DC persuaded the Board (but not Ingo or Ayten) to go for a cashbox raise, against their own advisors.

It was a catastrophic failure and they had to go cap in hand for money.

That was the start of the slide and Berry Street liquidation was the final straw...

"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.

We have been told all the actions that Scott has taken to streamline the comopany.

We have been told PFS3 is coming in Q1.

We have been told there are 20 companies in the data room and 5 have done indepth site visits.

We have been told there is enough cash to last until June 24; that Operational cashburn is $1/month and that of necessary we will sell the former Cornerstone holding.

But on top of that we can do another modest streaming deal any time we want.

We have been told two of the Directors are leaving and a new one joining.

So what are we not being told.

The company is on hold pending the PFS3, which a Director has told me will substantially derisk the project, that we are not a mine builder and that the company/or Cascabel plus over 80 projects are available for sale or JV.

What else is there to know?

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...

I have shares in a Canadian mining company producing a million ounces of gold a year and its flat on its ass...

Be careful what you wish for..

Scott is doing a good job. He's cleared the decks for a better PFS3 and a sale. There are 20 parties in the data room and we know at least one is excited by what they've seen.

The fact is that Junior Miners are bombed out left right and centre and the M&A boom is only just getting going.

Also becauses of inflation, uncertainty and high interest rates there is no chance of a minnow like SOLG funding Cascabel...

Unless...they do a big streaming deal like Luminex...

Scott may have a very generous package but only $200k comes by way of salary...and he's moved to Ecuador.. He may have share options and shares but he won't get anything like the reward you are jealous of unless he engineers a sale.

And then we all win.

And I also think we should vote for Mather. He may have made errors in the past but he has huge skin in the game and has only sold a modest amount of shares for tax purposes.

Trust me...he Scott are the best people to protect our interests. Sangha and the CGP crew also have a vested interest.

And I will say this...if I get a sense that a lot of you and the institutional shareholders are going to vote out most of the Board, I will be reducing my holding substantially before the AGM...

If you dread a forced sale or liquidation the best way to get it is to boot the Board...watch the SP collapse then...

"allot equity securities (as defined in section 560 of the Act) of the Company for cash pursuant to the

authorisation conferred by resolution 10(a); and/or

(b) sell ordinary shares (as defined in section 560(1) of the Act) held by the Company as treasury shares

for cash,

in each case, as if section 561 of the Act did not apply to any such allotment or sale, provided that this power

shall be:

(i) limited to the allotment of equity securities for cash and the sale of treasury shares, up to

an aggregate nominal amount of £1,500,553; and

(ii) used only for the purposes of financing (or refinancing, if the authority is to be used within

six months after the original transaction) a transaction which the Directors have determined

to be an acquisition or other capital investment of a kind contemplated by the 2015

Statement of Principles on Disapplying Pre-Emption Rights published by the Pre-Emption

Group (which shall include any capital investment related to expenses incurred in

connection with exploration and evaluation activities which are capitalised on the statement

of financial position), or for any other purposes as the Company in general meeting may at

any time by special resolution determine"

Sorry...last 4 hours...anyhow 8.68 just popped up so maybe somebody got itchy fingers...

Agreed...but theres always some dealing...

Still only 6 trades today...none sine 10.50...and 10,731 traded in the last 2 hours...

Zzzzzzzzzzz......

Heres the irony...I'm also in JAY, which has seen similar SP woes...

MCap only £10m but todays trade value is ten times the value here...thats embarrassing...

Better volume today...

Just bought another million on a T20... (2x500)

London Stock Exchange website has just SIX trades in the first 3 hours...

No Autobots!!!

Maybe because its Thanksgiving...

Have the shares been suspended... ;-)

Never seen this before...but nobody's been selling in size since Berry Street...

Average daily volume last 14 days is 2.8 million and I haven't seen any lumpy deals go theough since the UT on Oct 31st

ADZN $68m merges with LR $38m...the latter SP up 30%...

"The business combination counts with the support of geologist and mining entrepreneur Ross Beaty’s Lumina Group, local Ecuadorian investors and strategic equity investors, including Altius Minerals and Wheaton Precious Metals."

Well done DBW...I saw that on my Twitter feed also..

59!

Jerry I'm fed up with you trying to be a clever dick. So I'm afraid you are filtered also.

PS It was an AIM quoted Property Company

Thanks for that MasterRSI...I had missed that second trade of the day at 9.79...

Big white candle...letys hope we've put in a bottom, but abysmal volume...

1984 filtered...58

Appalling lack of interest...

We own 4 times as many shares as todays TOTAL volume...

Looking like the worst day in the last 5 years probably only saved by a couple of hundred k in the UT