Member Info for mattlilly

Long ago I gave up being interested in what Quady says...and yes he's back on filter...

I can safely predict h'll either say I'm a liar or deluded, despite posting my decisions and holdings from time to time, having been accused of lying in the past...

So WTF...I sleep easy at night and I'm only interested in trying to add value on here. If people understand my reasoning and the position I take, of course it might encourage them to remain patient for what I truly believewill be a life changing payday.

So what Quady says is water off a ducks back for me and therefore why would `i want to read it.

However, I draw the line when he slanders a decent bloke like DBW, who is probably the most constructive poster on here and I happen to know is a genuine bloke and who deserves to make serious money.

That, Quady, is spineless and disgraceful. For somebody who has sought sympathy for your various conditions and disabilities, frankly you don't deserve any.

This is my last post on the subject of someobody who still, many of you are wasting time and emotional energy in indulging.

Its not my place to tell you what to do, and I know there is a dearth of stuff to talk about on here...but do you want your lives to be determined by exchanges with somebody who you would inherently dislkie or even ignore if he was anywhere near your social circle...or your workplace...or the pub...or whatever...

And no this is not a rant. His posts mark him out as a pathetic, desperate human being and thats why he will reamain on fliter.

Best wishes to all

Heres the ultimate irony...

Quady keeps insisting that SOLG is going to production, but...

This would requite a huge equity raise and even if they got away with $1 billion...and even if it was at the current SP, that would dilute him to just 1.5% or a real value of 0.13p...

I bet you're looking forward to receiving the dividends on those Quady...

Or your impeccably timed insults killjoy...hoghly suitable moniker BTW...

I've unfiltered Quady briefly to see his history...

He has been a Member here since June 2011, during which time he has posted 8,400 times...the vast majority on here...

He surely would have gone years ago if everybody had filtered him, but some of you guys are still giving him the oxygen to spout his illusory authority and unquestionable rubbish about taking SOLG to production, even despite Scott stating categorically "we are not a mine builder".

So lets assume that Quady invested in SOLG in June 2011. So he missed the rise from 5p to 43p in August 2010 but, having bought at c14p he was just in time for a share issues in July and October 2010 that diluted his holding by 31%...

Smart move Quady...

But compounding his outstanding judgement he then saw the shares fall to 1.59p in 2013 and 1.38 in 2015...

But due to massive further equity issues he had been diluted by 77% by that time...

Which meant the real value of his shares was 0.33p...

Which makes hi statement below somewhat risible:

"Start building a dividend portfolio with companies that have good earnings, and good dividend cover and also look like they are forward looking.

Put these in an ISA or PPP self select and start building wealth slowly."

Hmm...slowly...

Well you have to admire his steadfastness and his humongous patience in posting his parroted rubbish for so long and through thick and thin, but would I take investment or even any advice from him...nah...don't think so...

Oh and to save any of you from working it out, the real value of his shares if he has held onto any of the originals is now...

0.52p...i.e. 94% dilution at 8.67p...

FIFTY PENCE Quady...EPIC!

BTW Don't bother responding because by the time you do you will be back on filter...

And please don't protest too much because nobody will believe you...any shred of credibility shot to pieces...

Sleep well on your sound investments Q!

Twigger is Chair

Scott is CEO

Dan is a mere NED

James Clare will be out on his ear at the AGM...adds nothing and barely scraped home last time...

Oops! we are already in a gold (BULL) market...

Eloro...that is a fascinating, insightful and significant article.

Its core conclusion is the average valuation of gold in the ground of $63/ounce...

Translate that to SOLG and you get $63 x 75 million ounces of gold equivalent, i.e. $4.725 BILLION, i.e. £3.9 BILLION, whch is

£1.25 a share...

The article also states that we are already in a gold market, ehich is why I contend we should be valued as a GOLD miner.

Junior Miners are mostly badly beaten down, but there is always eventually a bull market where many companies will multibag...why? Because the major miners aren't building enough resource; they have been complacent over acquisitions and when the rush starts they will start buying miners they could have got a whole lot cheaper...

But more importantly we will have a Junior GOLD Miner boom, for exactly the reasins mentioned in the article, especially that Governments have been buying gold like theres no tomorrow, plus gold has great defensive qualities when there is so much uncertainty.

GDXJ is about to break out and we will have our day...

And SOLG is a two way bet because we haven't even mentioned the copper price boom that most MAJOR commentators say is inevitable...probably by 2025...

So I'm just worrying that, with 20 interested parties in the data room, the real reason for the delay is that they don't know what to value SOLG at...

On reflection it should be no surprise that the SOLG share price is languishing...not just because Junior Miners are beaten down, but because everybody except the predators is fully invested and waiting...

There has been no TR1 so Berry Street's shares have almost certainly gone into institutional hands unless a new predator has bought them but is under 3%...

You see the irony is that if an existing predator, i.e. BHP, Newmont or Jiangxi declare an increased holding, or a new potential predator pops above 3% the SP will fly on Bid speculation.

So I come back to where to value SOLG.

If a predator values it at, say 30p they will immediately be hit by a counterbid(s), maybe even from a company(ies) that don't even have any shares.

You don't need to have any shares to make a bid.

And you can bet the Board isn't going to announce a recommended bid much below 80p unless they are certain it will trigger a counterbid(s), as happened with Noront.

So the ultimately successful bidder will only be confident of winning with a 'knockout' bid, which IMO would have to be north of £1.

Remember we have TWO Tier 1 projects that we know about but we also have half a dozen that could prove to be Tier 1 and over 90 projects in total....

My wife and I have almost 1.4 million shares. This is no Sirius and I am very confident we will make a life changing amount of money.

After all SOLG has served us very well so far...

Hes got 30 million options hasn't he?

Shareholders got 5.5p or £380m...

Araphon...we can do a modest streaming deal at the drop of a hat...cashed up till June anyhow.

Nothing like Sirius...it was a polyhalite mine not potash and they ere trying to fund it but the bankers declined. SOLG have no intention to build this mine...

20 interested parties in the data room cant all be deluded...

They may be, but theres no volume...its melted away again after the Berry Street fireworks...

Buyers needed...

Puzzling logic 1984...

Demand is poor for two reasons:

Most people aren't selling

There isn't enough stock for them to buy...

I agree more shares would increase liquidity but it would have to come from either a share issue - please no at the current price, or

Somebody like Berry Street selling - also please no...

He says "we're going to consolidate into the US Canada and Australia..."

Very bullish on gold and on a Critical Minerals Strategy for Australia.

Barrick paid a premium of 13% for the Hercules Silver stake at $1.10/share, however...

Just over a month ago, Hercules were 24c a share, so I suggest this leaked into the market...

The equivalent for SOLG would be, e.g. Jiangxi, Newmont etc paying over 40p in about a mon ths time for, say the CGP stake...

Https://www.theguardian.com/world/2023/nov/06/china-worlds-biggest-debt-collector-as-poorer-nations-struggle-with-its-loans

Sorry $1900...

So Gold has previously broken out when it blew through 41900 on 13 October...

Todays action confirms for me that Copper broke out on 27 October when it went through $3.66 and hs now motored onto $3.75...

Copper/gold porphyryrs are the future and we have a bonzer!

Meawnhile the Junior Miners index GDXJ broke through $34 on Friday and has consolidated well above $35 today...so...

This looks like a perfect storm is gathering for SOLG with PFS2 early in Q1...

Just needs one sexy bit of news to light the fuse (a day after Bonfire Night)...

You're right Scott...the market is very thin...as I've said many times before and in my experience as a quoted GFD...poor liquidity leads to a steadily declining SP, but...

If there is an irrefutable reason to buy the shares, it wouldn't take much serious buying to push this share very much higher...

Up to date...

https://www.nasdaq.com/articles/solgold-lse:solg-price-target-increased-by-6.67-to-57.12

57.12 average = 540%

Range 40.4 (353%) t0 68.25 (665%)

Of course you can't...these are Gross amounts...just a simple set of metrics, not a definitive value...

But the Broker valuations are current...390% to 677% uplift...

And if you rubbish those, why are you holding...?

The FNV deal valued Alpala at $10 billion ($100m/1%)

The Osisko deal valued Alpala at $8.33 billion ($50m/0.6%)

The Lumina deal equivalent would be $32.23 billion ($300m x 78/11 /6.6%)

So the range is $8.33 = £6.87 billion to $32.23 billion (£26.55 billion)

SOLG MCap is £270 million...work that one out...

Meanwhile the current Broker ratings are:

Liberum 44p = £1.36 billion

Peel Hunt 65p = £2.0 billion

JPM 70p = £2.17 billion

And the SP is...9p...