Member Info for mattlilly

As we drift along in the 9s and need to get beyond 10.5, there are IMO a few things that could spike the price...

When we look at GGP, it slumbered for 14 months between 6 and 9 but 'broke out' in late October...the only discernible reason I can detect is the positive comments about Newmont's involvement, post the Newcrest takeover.

So why hasn't Scott come out and made similar noises about Newmont's 10% involvement in SOLG/Cascabel?

It may be that they are about to seek a seat on the Board that Newcrest relinquished in a fit of pique, despite Craig Jones wanting to stay on. Newmont have no right to a seat but surely the SOLG Board would not demur...? And what about BHP...?

So what could spike the price?

Obviously a J/V announcement for Cascabel would light a rocket but given Scott's determination to broker a sale and his statement "we are not a mine builder", that seems unlikely.

A new stake by another major, or an increased stake for any one of the 'Big Three' would do it...

Obviously a bid(s) or even "the Board has received an approach which may lead to a bid..." would IMO push us up towards 30p or beyond...

Failing these, any tangible piece of good news, such as PFS3 would help,...

Ot indeed a furtther streaming deal that secured our cash position indefinitely would put shareholders minds at rest and might just flush out a bid...

A major breakout in any or all of Gold, Copper or Junior Miners would surely lead to shorts closing and FOMO buying...

But for the time being, with Berry Street gone and the bulk of the shares firmly held by major shareholders and institutions, surely we need at the very least steady buying that pushes the SP through resistance levels and towards 14p where we started before the Berry Street liquidation...that might create FOMO or get people like the Colonel and Jerry off the fence...

In the meantime, with Scott simply not understanding the importance of regularly engaging with shareholders, as opposed to stripping the company down to the bare bones (which is surely a naked strategy to toiugh things out until the inevitable bid emerges), we remain in the thrall of the Autobots....

So when will we see the 'Rise of the Autobots...'?

Banana...oops!

I worked with Bana Tune on the first draft of his autobiography...we went to Clydeside and his first home..overcrowded...

But we then went to a CoC meeting he was speaking at...the women all swarmed round him...yuk!

My read is as follows:

They saw the writing on the wall and thought, 'why stick around to be defeated at the AGM'.

But the question is, what is the writing on the wall.

The votes at the last AGM suggest Clare was toast anyway and Twigger may have had feedback that because of his poor corporate governance decisions in the past, the likes of BHP and Newmont could not support him as Chairman. And if he was not Chairman, nobody would stick around as a lame duck Director.

It may equally be that when the CGP guys came on board they agreed that he could stay because they expected a sale of SOLG early in 2023.

But heres another possibility....the 'writing on the wall' is that SOLG will be bought out before long, so there is no reason to hang around. They wouldn't need to sell their shares. It wouldn't surprise me if we are as close to a bid as we ever have been...

I do hope Maria stays because she is sound, truly independent and truly well connected in Ecuador. I was sorry that Elodie went, but Scott was slimming down and the focus was moving to Ecuador and Australia and she is London based. Equally, although the cash box fiasco was a major factor, Ingo did not want to be Oz based because he has a young family.

So what of Scott and Dan. In theory they could both get voted off but why then appoint Steve? Doesn't make sense.

Even if Scott was voted off the Board he could still stay as CEO.

If the lot get voted off that is hardly a vote of confidence but I believe that would leave SOLG as cannon fodder. There might be a short term hit to the SP but surely one or more of the serious parties in the data room would fight over the scraps and then we have a bid battle on our hands.

So I don't expect a bloodbath and I do expect Nick to survive, even though he is an anomaly...neither Independent nor an Executive Director.

But I do believe at the end of the day that the CGP and DGR interests will prove material. The institutional investors other than BHP, Newmont and Jiangxi should surely not want the company completely destabilised....

Cheers for now...

Fair enough Jerry...so you are holding what you have...please read the belief statements and the facts that I have quoted recently, such as the readacross of the Lumina deal. I may have got the figures slightly wrong but prorata SOLG should be valued way above where it is now...

Rodney I have used T20s in the past when I didn't have the cash immediately available.

Indeed I've just had two mature where I paid the cash in before the closing date. Reminder that took me and the missus to 1.4 million...the 250k I bought on T20s was at an average of just over 9p...

I have never been more confident that the next few months will resolve everything.

Just look at what credible people like Irwin, Middelkoop et al are saying. And the Analysts average is over 60p.

But above all I am ultra bullish about gold, copper, silver and Junior Miners...its time...and either SOLG will get swept up in that value uprush or it will scare one or two predators to come out of the woodwork...

Whaaat! Another 1/2% makes it less saleable?

When you look at how p****d off BHP and Newcrest were when we gave FNV 1%, it might be a smart move...

The Operational cash burn is c$1 million a month. The SP is not going to stay at 9p indefinitely...it fell from c14p to sub 8p because Berry Street was a distress seller...

Gold is going up

GDXJ is going up

Copper is going up

Silver is going up

Equities are going up

We're on the cusp of a Junior Miner boom

SOLG is going up...its only a matter of time...and the higher it goes the more likely to flush out a bidder.

Mitsui publicly stated they wanted to buy Cascabel in a meeting withe the Ecuador Minister for Mining.

Are you holding shares Jerry or looking for a lower reentry?

1 We're not going to run out of money...we have 26.7 million ounces of gold and 12.6m tonnes of copper...we will ALWAYS be able to do a streaming deal. This is NOT SXX...nobody would have wanted to do a streaming deal for polyhalite

2 There is no way the Directors or even the shareholders will accept even a bid in the 30s. You might but they won't.

Would BHP or Newmont seriously let Jiangxi have this for 30p...look what happened with Wyloo...don't the Broker targets count for anything...?

Its not for the PFS specifically its for every document that enables a prospective bidder to verify everything that is relevance to the company tehy are seeking to acquire...

A data room is a secure space where confidential documents can be kept and only read by people authorized to access them., i.e. all the documents for due diligence before or after making a bid..

"An auction can happen if the majority want that option. "

Please point me in the direction of an auction processs for the sale of a company because I must have missed it...

And no I'm not talking about bid and counterbid...you seem to be suggesting that SOLG can have some sort of car boot sale.

If the 20 parties in the data room don't know that SOLG is for sale they must be deaf dumb and blind...

And as for Jerry's suggestion that the Board might accept a bid of 20p...what are you smoking mate...?

Right on Italian...so much speculative nonsense posted by people who haven't a clue what theyre talking about...

Thank God they're not on the SOLG BoD...

Add to that the derampers and those who keep thinking their negative thoughts and worst nightmares out loud and no wonder the SP isn't making progress.

Listen...The Board and Darryl did a huge amount of damage with the failed cash raise, which Ingo and Ayten were against and it cost them their jobs...

Not a good look when the CEO is demoted and his successor and the other key Exec Directors leave, an interim Board takes over, Twigger talks about the Code of Corporate Governance and then ighores it by not putting all the Directors up for re-election.

Scott probably couldn't believe what a mess he walked into.

And all those plus the criminal lack of communication and shuttingh down the drilling have added to the continuing damage to the SP, but...

Junior Miners have had their worst bear run for a very long time...the Bull market is long overdue...

Gold, silver and copper are being manipulated to keep them down, despite a looming copper and silver shortage due to global environmental initiatives...so no wonder we are making no progrtess either...

Solgold is definitively for sale...20 parties in the data room can't be wrong...at least 5 site visits coming back with glowing reports...a favourable government for mining (and we are not a mine builder)...the possibility of doingh another royalty deal any time we want...sufficient cash and cash sources to last until the first bidder fires the starting gun...

Yes its been a long haul and a lot of time and money have been wasted, but...

We are on the verge of life changing gains here. Have a good weekend.

In the last 10 days...

Just need copper to break $3.77 and gold $2,000....CONVINCINGLY!

I think you'll find there are a few silver miners in this fund...

Furthermore mainly Junior Gold Miners and just look at GDXJ...

We haven't had a Bull market in Junior Gold Miners for 13 years...2008/2010..and GDXJ has gone nowhere for 10 years...

However there were signs of a brealout on 3 November...all we need to do is break 36 convincingly and there you have it...

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

No...all todays dismal jimmies...the Colonel is the worst and that is why I've filtered him this week after years of tolerance...

Final point...the SR is a smokescreen for the sale process...

Scott has said "we are not a mine builder..."

PFS3 makes the economics much better. I wouldn't be surprised to see an IRR closer to 30%.

The only way we could fund this is by a massive amount of equity and/or convertibles plus debt...or a massive streaming deal...

PLEASE...stop all the negative posting...I am just as frustrated as you, but do you think any of this helps the SP...?

Goodbye...

Addickt...The MD&A made clear that PFS3 work IS continuing, including in Q1 2023/4.

The PFS will be delivered in Q3 2024 (i.e.Jan/Mar).

The purpose is to reduce the costs and increase the revenues to make it even more attractive.

And will those saying the company will be sold cheap pleaase desist.

Solgold will be BOUGHT by the highest bidder. Do you seriously think BHP or Newmont would stand aside and let the Chinese buy their shares for less than they paid...?

We have enough cahs till June 2024; there are the CGP shares; and another streaming deal would be a walk in the park after the Lumina deal...so cash isn't an issue.

We are just waiting for the first bid(s) from the 20 interested p[arties in the data room...do you think they're there for fun...?

Meanwhie, copper and gold are on the verge of taking off and that might just kneejerk them into action.

Rehearsing youir worst fears on here adds nothing.

There has been a For Sale sign on SOLG since 6 October 2022.

ALL Junior Miners are beaten down...even big miners are trdaing

Even the big miners are well down, with BHP and RIO for example yielding over 9%...

No real volume or SP movement since the RNS...quite encouraging really...

Clare has 1,143,137 shares

Liam has 392,156

Not much to lose...not much to sell...

Https://www.linkedin.com/in/steve-van-barneveld-b15a8616/

nondescript...just a placeholder until takeover?

I reckon they jumped before they got voted off...

Leaves only Maria and Dan as INDEPENDENT NEDs...(Nick is not Independent)

"At least half the members of the board, excluding the chairman, should be independent non-executive directors."

"The UK Corporate Governance Code recommends that the listed public limited companies within the FTSE 350 should have at least half the board, excluding the chair, as NEDs; companies outside the FTSE 350 should have at least two NEDs."

So Board is now Scott (ED), Maria (INED), Dan (INED), Steve (INED) and Nick...I would expect Maria to be re-elected; Dan and Nick may not; even Steve may not...

Hmmm