Member Info for mattlilly

Clutching at straws 1984....its only our SOLG holdings...

on 17 may i bought 148,960 shares at c17p to reduce my average before i read about lasoos dissolution of parliament later that day. this took my personal holding to the highest it had ever been.

(by the way you need to be clear that sometimes i quote my own holding and sometimes my wife's and my joint holding).

overnight i decided that it was not smart to be invested while there was so much political uncertainty because markets hate uncertainty and ecuador could have elected an antimining president...

so on 18 may i started selling solg shares and sold 148.960 on 18 may at 16p plus which admittedly meant i took a small loss on the shares i had just bought.

i then waited and watched to see the market reaction.

but it couldn't be more clear on here that i constantly research metals and especially solg and atym.

unlike some, i take a view all the time and that means that there will be times when i dramatically reduce my holdings in order to avoid losing money. thwe net result also of course is that if i can buy back cheaper it dramatically reduces my average cost,

so by the end of may i hadi sold a further 700,000, after my statement that you have correctly reproduced:

"while the sp recovered in june, it continued to fall and i have rebuilt my position at much lower prices. my 90k july purchase was premature but since then i have traded in and out to reach my current holding of just under 1 million at an average of just over 11p...

i see no reason to change that until or unless something happens. i may be standing at a 20% loss, but we've twice before more than doubled our money in solg and i conservatively expect to at least almost *****uple my investment and quadruple my wife's investment.

finally, i manage my wife's investments separately and more conservatively, but unfortunately a recent purchas only brought her down to c12p on her 400k.

nmm you've only just arrived on 15 november and yet you say:

"you used to be a poster i looked forward to reading. now i just block out the noise."

so frankly i suggest you have far less credibility thatn i have and sadly you seem to have spent the entire week trawling through my posts just so that you can trash what i say...

sad...

to repeat.

i never ramp or deramp. with c1.4 million shares anyone can see that i am now immensely positive about solg and what is wrong with posting the positive things i see or work out through my research.

at least i don't keep slavislhy saying "we're going to production..."

and i state my invested position from time to time because unpleasant people like you come on here and call me a liar.

filtered...57...

And finally...

POOR LIQUIDITY

AS some of you know, I was a UK quoted company GFD and I can tell you that poor liquidity kills a share price...

Just look at GGP for example...liquidity was particularly good after the NCM interest and the SP went from 2p to 38p in less than a year...

But since then as news has been less exciting and liquidity generally much lower, the price had drfited back to under 6p until Havieron news ignited interest and liquidity...

This is the problem with 'junior miners' until big news breaks...metals prices rise sharply or M&A activity restarts, leading to a Junior Miner boom like we had more than 10 years ago...

So ironically liquidity returned to SOLG while Berry Street were dumnping their shares into an unreceptive market and ironically once they stopped selling and until all the shares were mopped up, the SP briefly spiked from sub8p to almost 10p...

So in conclusion, we need something to ignite interest and stimulate liquidity...the vast majority are fully invested and simply waiting for something to happen so we have no two way market to speak of.

And ironically if the share spiked for whatever reason, it would not only encourage buyers to return, but at successive levels would shake out weak holders, reinforcing the liquidity...liquidity begets liquidity.

In the meantime, rather than post inept or worse still insulting rubbish, please can we either sell out if you';re so negative and go away, or wait patiently fdor the biggest payday of your life.

1 The resource isn't going away

2 There's a copper crunch and a gold price boom coming...its only a matter of time

3 PFS3 will substantially derisk Cascabel and make the IRR look very much better

4 We can raise cash whenever we want through a streaming deal

5 But in any case with Operational cash burn running at $1m a month, we have cash to last us until June 2024 at least

Thanks for reading

So why IS the price so low.

Previous management cannot be excused...

Dumb Darryl and the failed cashbox raise and all the adverse publicity around it, plus it led to the resignations of two good people in Ingo and Ayten. The whole debacle hammered the share price.

It bottomed out at c13 having fallen from of 40plus only 5 months previosuly...

So we can say the underlying base that Darryl left, having destroyed value through incompetence, would otherwise have been around 15/20p...

The Cornerstone merger and 'Baseball Bat Bob's" extreme pronouncements created a temporary hiatus until, due to utter incompetence, it was realised that a full Prospectus needed to be produced...delaying the merger and creating added uncertainty, leading to the SP falling to another low of c13...

So there was still the possibility of regaining a 15/20p trading range and indeed the completion of the merger, a sharp rise in the gold price and copper stabilising above $4/lb took the SP to a high of 22p...

And even though we settled back into a 13/17 range, along came Berry Street's forced liquidation at a time when there was no news expected until Q1 2024, the copper price had also fallen from $4.35 to sub $3.70 and UK equities generally were in the doldrums due to high inflation.

So it seems we have settled into a new trading range around 8/10 until something ignites the SP again.

TBH I have confidently predicted that gold, silver, copper and Junior Miners will catch fire. Goldman Sachs are the leading analyst predicting a commodity price boom (it seems bizarre that in a period of historically high inflation, commodities have been left behind...)

https://www.goldmansachs.com/intelligence/pages/gs-research/2023-commodity-outlook-an-underinvested-supercycle/report.pdf

This is of course opinion...

There can be absolutely no doubt of the value in the ground that we have discovered so far.

Equally the prospects that have been drilled and clearly have the possibility of much greater resource if continued.

We have over 90 projects, including those that CGP brought on board, e.g. Bramaderos, Shyri, Cana Brava, etc

https://www.sunstonemetals.com.au/site/projects/bramaderos-gold-copper-project/overview

It is fair to say that we have been trying to sell or J/V most of the original 80 plus SOLG projects for over 2 years and progress so far has been unimpressive.

Loganair on ADVFN yesterday suggested that the majors don't want block cave mines, but I found at least 21 active projects, most of which are producing...so thats not the problem, although it might restrict the full list of interested parties.

However, there are 20 in the data room and the block caving expertise exists, including among the Chinese. Newcrest has a reputation for it.

But they key thing is that, starting with Keith Marshall, SOLG has determined a strategy for accessing the richest ore without going for a full block cave approach at the outset.

Put simply we will dig a declining shaft into the richest ore.

(Oh and BTW once you've established a block cave its much easier and cheaper to mine than a deep pit, because you simply keep pulling down the roof)

Scott has previosuly stated that the previous PFS was too expensive and that cheaper world class engineers can be found (I'm guessing the Chinese).

So all in all I'm expecting a very much more attractive PFS3, with cheaper mine build costs and, taking account of market progression, better revenues, especially around the gold price, which I believe will become the differentiator for the winning bidder.

To remind...the price assumptions in PFS2 were:

$3.70 copper

$1700 gold

$19 silver

So I expect an IRR much closer to 30% when the PFS is published, maybe as early as January.

And we're not even mentioning the other 'gold rich' prospects, such as Porvenir, Helipuerto, Rio Amirillo

Hi Italian...

I have 56 names filtered...including Tesla and Quady of course...

I try my best and don't give a toss what most people say, but attacking people just because they post facts and informed opinion makes me ask whether those people actually have a life beyond SOLG...

And if you look at my posting patterns, in general I look in from time to time...the vast majority of the posts are easy to just skip by...I always read what DBW posts.

If I spend longer on here its because I've been doing some more research/analysis and want to share for those who have the patience and might need some reassurance to hold...

Copper miners, silver miners and Junior Gold miners all breaking out...

And gold...plus copper soon...

Https://twitter.com/wmiddelkoop/status/1726981671738646936/photo/1

You're just not very nice, are you SM...

Like DBW I'm doing my best...researching, analysing and posting what I genuinely believe...f

Filtered...

Thats yesterdays date...brilliant find DBW!!!

And even if you deduct the cost of building the mine, its still well over £1...

But there is far more to find at Porvenir, Helipuerto, Rio Amarillo, etc...etc...and a huge footprint into the Ecuador mining industry from which a dominant position can be built...

So I say again...with 20 interested parties in the data room, maybe it is how the hell to value this basket of riches...

Sorry...forgot the link...

https://www.mmg.com/media-release/mmg-to-acquire-khoemacau-copper-mine/

Thanks to the poster who gave me the headsup on this deal...for all the dismal jimmies who think we will only get 30p or so, read these metrics.

Ecuador is ranked 62 in the world for GDP ($106BN) and Botswana 114. ($18BN)..

The Chinese State (through MMG) has paid $1.9 billion for a mining company that is, admittedly, prpducing 50/65kt increasing to 135/155kt for a 20 year mine life.

Cascabel will produce an average 265kt

It has eserves of copper (6.4M tonnes) and silver (263m ounces)

Solgold has, so far, 12.4M tonnes of copper, 92.2M oz silver, BUT 26.7M gold

So at current prices, Khoemacau's reserves are worth $55.5BN

Solgold's are worth $162.7Bn

Now of course its not a straight read across, but theoretically the price for SOLG would be $1.9bn x 162.7/55.5

i.e. $5.57Bn or £1.50 a share...

Enjoy...

Scott said it would happe n by 25 November...

Meanwhile, am in contact with the Board. Twigger and Clare not 'orchestrated'. Sadly missed. Scott doing a great job.

Look at those after hours trades...

Copper now up 7.5% in a month, 6% in the last week , 3.5% since Friday morning and 2% today...

Banging on major long term resistance...break out of that and, if gold recovers through $2,000 this SP surely can't stay in the doldrums...

Bell Potter are OZ based...they also have an office in Hong Kong...

So they could be acting for FMG, Newmont, BHP or even Jiangxi...

If its any of those except Fortescue that they are holding for, it would take them over 15% at which level they would have to state their intent and would be entitled to a seat on the Board...

Meanwhile, earlier this year, Barrick Gold were rumoured to be interested in buying Newcrest along with Newmont...they lost out...Mark Bristow has said they are looking at copper/gold projects...

The Canadian gold giant kicked off the last run of gold merger mayhem with its combination with Bristow’s Randgold in 2018, but Bristow’s long term plans now involve turning Barrick into a copper giant...

Earlier this year he said "we know Solgold" and its a fair bet Barrick is one of the 20 in the data room. In a recent interview he said:

“And I think we are well positioned to benefit from the long-term bullish outlook … on copper. And right now, I can’t see much downside risk on gold, just because of the chaotic global environment we find ourselves in, whether it is the global economy or just the geopolitical risk and everything else that goes with it.”

Copper is motoring...up over 3$ since Friday AM...

The top 10 shareholders now own 57% of the shares...

Who is Bell Potter holding for...?

https://www.marketscreener.com/quote/stock/SOLGOLD-PLC-4005870/company/

Knocked back again by a fall in Gold and a failure of the copper price to break through resistance convincingly...

It will happen when the Chinese want it to...Shanghai becoming a bigger and bigger factor in metals futures...