Member Info for mattlilly

C'mon DBW, we've had hard takeover rumours for at least 3 years...not even counting "fast and smart..."

https://www.mining-journal.com/m-a/opinion/1399422/takeover-battle-solgold-about-begin

On those numbers, Gross Annual Revenues are £2.16 BILLION!!!

And this for a company with a MCap of £270 MILLION...

On April 12 the SP was 22.25

On June 18 19.2p

On July 19 17 p

and on Sept 7 15p

We've had no bad news since, so whats changed...?

We are nearer to the Strategic Review outcome

We are nearer to PFS2

OK copper was $3.88 in June and $3.82 in September...

But gold was $1985 and $1960...its now $1988..

So this is a ludicrous valuation due to no buying and steady small sales (plus Berry Street)...

When the buying returns this will be at 20p in no time...

1984...I'm sorry but you don't get it...

Goverment debt has to be funded through the Gilt Market...that has little to do with current rates which have been dictated by burgeoning inflation.

And yes that is coming down fast. We may have already had the last BoE rise...if not there is just one more...

But the short Gilt market is saying interest rates will average at least 4.5% for the next 2/3 years.

But the long end has risen dramatically...the 30 year Gilt, which is not impacted at all, has risen from 3.5% to 5% in just one year.

Why?

Because the massive increase in Govwernment Debt since 2008 has to be funded.

And who buys it?

Not you or i, but Pension Funds and Life Assurance companies.

So if, as you say, "You certainly don’t find it by borrowing more at higher rates..." please tell me where the money will come form if not from higher taxes...

And if the Government goes bust, so do the Pension and Life Funds and we will have an Equitable Life collaps on an economy wide scale...

So please suspend your political agenda. I'm certainly not saying I WANT higher interest rates...it is simple economics...

And Keir Starmer will only increase borrowing and therefore interest rates even further, based on Labour's uncosted programme.

Of course I agree we need greater prosperity to pay more (but not higher) taxes to fund the gaps.

Your prescription is to drop interest rates to zero, but what did that produce?

A nation of overborrowed mortgagees and fat stock market profits for the rich on both sides of the Atlantic.

Please reflect...I am the eternal optimist, but climate change and the stark realities of unfunded government commitments, such as the NHS, Benefits and Pensions seriously worry me...and its my children and grandchildren who will pay.

I love this country but we've been a second rate nation and declining economy for at least 20 years...

Autobots much quietr today, but largely buying...

So what on earth was going on yesterdayyyand on whose behalf...?

What arrogance 1984...we're not rich!

My weekly energy costs are approaching £100

We are hving to subsidise two children to buy an aparment each

I've lived and worked through the 1970s, as well as every economic crisis since.

I have posted an honest opinion, not an uncaring prescription.

I am being realistic. US and UK debt have exploded since 2008.

In the US from 10 trillion to 31 trillion!

In the UK from 745billion to 2.372 trillion.

How do you fund the annual borrowing and the renewals at zero% without a Gilt market strike, as is likely to happen in the US imminently.

I care passionately, which is why I immediately swapped my AMG GTS for a hybrid as soon as I got back from Greenland.

I was chait of a major University Alumni and the average debt students leave University with is £55k.

We have a massive NHS, Care, Childcare and Child protection and asylum seeker bills to fund ( the latter running at £3.7 BILLION last year.

Of course I care...I give a significant amount to NSPCC every year...and I'm worried, because the books can't be blanced without higher inflation than we have been used to, leading to higher tax payments...and a prevailing level of interest rates higher than we have had the luxury of for 10 years or more.

Stating the stark reality is not a prescription. Its just as scary for me as for you.

And thats why I'm looking for one last SOLG payday to secure our and our childrens' and grandchildrens' futures...

As I've mentioned before, Jiangxi could buy many more shares through Valuestone before they reach their 3% threshold.

They don't have to be consolidated as they are a separate entity.

Meanwhile, Jiangxi could have a current running order in the market that is not yet filled.

Looking at the volumes when they went from 5%+ to 6%+ they could have been buying for almost a month, during which the SP went from 16.2 to 19.2...

Whats different now is that they and Valuestone could have been mopping up the Berry Street shares since mid October...

So supposing they announce a stake over 7% now. If that doesn't declare their intentions, I don't know what does.

"Jiangxi Copper Company Limited was formed by parent Jiangxi Copper Corporation, which is owned by the Chinese government, in 1997...."

They are the largest copper company in China by MCap:

https://disfold.com/china/industry/copper/companies/

So if they suddenly had, say 3.9% through Valuestone and 7.9% themselves, making 11.8%, BHP and Newmont would hve to make a decision...

They have $3 billion dollars cash in hand and and annual Gross Revenues of $70 billion...

So why are they here and why have they already bought almost 200 million shares (that we know about) for a mere $40 million...

There is absolutely no sense in their buying this as an investment, but if they did, they certainly wouldn't sell for less than 17p and surely far more given that a major competitor would likely snap them up...

So I say again...we need a TR1...146 million shares have changed hands since mid October, at an average of 11.2 million a day...thats SEVEN times the daily average from the beginning of August to the end of September...

So don't tell me theres nothing going on...

Interest rates will not drop in the UK below 3% for several years, if ever.

They were dropped too low because of COVID and threats to the Financial system.

I think the inflation target could be raised to 3%. It gives an illusion of growth and allows the BoE to shrink the real value of debt...repaying in inflated future tax receipts...

Last AGM

Mather 63.8%

Clare 57.55

Scotty 65.98

Dan 61.19

All of them could be toast...

Anon...are you of uncertain mind...?

24 Oct

"I do know this price is stupidly cheap."

Oct 25th at 8.95p:

"And don't say it's because it's cheap. I already know that..."

26 Oct at 9.67p:

"Come on board, get this bloody deal done so we don't have to read this rubbish any more!"

Today at 8.84

"Nobody believes anything is in the offing, hence why would you want to buy this?

I know I really ought to sell mine, but in the scheme of things, I think my 10.85p average should see me ok.

7 odd is imminent and I can see it going a fair bit lower. ..."

Its make your mind up time...

Thanks ScotKio...total gent...made my day!

Ah! Silly me...Texasminer...should have noticed...

First post 1 November

Second post 1 November

Filtered

Texas...I've already made over £200k out of SOLG before, buying at 18+ in 2016, selling at 40+ and buying in 2018 at 20+ and selling at 40p...

As some will recall, I bought an AMG GT from the profits.

Since then I've traded in and out to get to the current position.

This is my 'day job' since retirement.

Yes I probably spend too much time on here, but if you had read all my posts, you would realise I am immersed in the data, news and facts about Solgold.

The reason why I am so positive is that:

SOLG is not going bust

It has a vast and rapidly increasing Asset Value

It has 20 parties in the Data Room

Cornerstone shareholders, Maxit (viz Noront), Warren Irwin, Rouusseau, Sprott and several other credible players are invested.

Nobody of significance is selling (Berry Street liquidated; Blackrock sold a holding spread over almost 30 funds)

Jiangxi bought a stake to add to their Valuestone holdings and have since increased further

Etc. etc.

I can afford to wait as SOLG only accounts for 20% of mine and my wife's total portfolios

And when the big payday arrives I will never have to put up with cretins like you, who appear out of the blue to rubbish genuine investors.

I make no apologies for being positive...its the way I'm made and, as my posts show, I am totally convinced here.

Now please disappear back into the hole you crept out of.

F off Texas...

I was up to over 1 million and reduced that back down to 200k when Lasso resigned, because of the political risk...

I have traded in and out to get my average down...

Calling me a liar is libellous...

So below I publish my exact holdings and average cost:

701970 82201.65 12.422

250000 23797.17 9.519

951970 105998.82 11.13 My Total

The rest are Mrs Red

"if the multiple Ecuadorian interests are heading for the toilet."

They're not...I'd rather be in Ecuador than Zambia...Africa is 'owned/controlled' by the Chinese...

I think you're trying to persuade yourself back in here viable...hardly a tough decision at 25% of the price you bailed at...especially if you've read my resource posts today...

And another deramper...24 posts in total since his/her arrival in August...all negative...

Deramping UFO, HE1, NCYT, QBT, VAL, BOO, HBR, PYC, 88E, XTR, LGEN, before homing in on SOLG...

Same trope as dave..."here comes 7p..."

Filtered...if only for the antagonistic name...

Its only taken 1.5 million shares sold, to take the SP down almost 10% on the day...thats c£138k...

Nobody will convince me this isn't manipulation, pure and simple...100s of trades pushing/keeping the price down while there are hardly any real buyers...

Just think...

Take my earlier post of 60/70 trades at 9p an average of 200 shares ata time...

thats about 125,000 shares...

Even if you reversed these for a 0.2p turn, you're still only making £250...whats the point...?

The point is...you keep shifting the price down 9, 8.96, 8.94, 8.90, 8.87, etc, as long as theres no serious buying, thereby keeping any upward movement throttled...

So...the SP opened at 9.26 this am and had drifted up to 9.34 before the ATs got on it...they were steadily taking it down until I bought my 200k, when it rallied briefly until they started again, so...

Surely its being kept down for a predator or...

A teady buyer who's mopping up shares day by day as weak holders or panickers sell out, probably towards the end of the day...

Viz yesterday's huge late volumes...

I've just twigged it...davethehorse is running the Autotrades...

For those who take delight in targeting me, see if you're on my filter list and save your breath...

I will never stop being positive long term until our massive payday...and its coming...

DarrenBufferGoldFingererBollingercovgazKB007RogerMellieAlans55earthlingohwhatanightcrewtimeRogerCookseanhunterSnuggtopzGoldmingeGrimbergenRedsheeite1kat2008ByronBayGoldhappyharrythefirbuddy5OnlyonewhufcMassiveRayTheSlugSlugsRusShiprightFurryBadgerSweatyBadgerzorosVicarOfBradfordTheIronTeaLadyOneMoreTimeDoubleBottomallthatguffTesla1RiddleMeReeJamRolyPolyanon1977BoardTrasherRedsheeeiteBigGreenMercAmethyst1StackhighcopperpotToS19631981InvestorQuibblesPerseusOrionAgArCuneedalifeOrtherncopperQuadydavethehorse