Member Info for mattlilly

Sorry anon...the first part was you, viz

" I don't trade this anywhere near as much as you do though, hence don't need to ramp or deramp."

However I took a break in the middle of posting and the second part (7p, etc.) is dave the horse...

Apologies

Because they've 'gone through' mono...

As I understand it, a large seller has to place the whole order with one MM, but the good news is that there is almost certainly a buyer on the other side, presumably with a 8.50/8.55 limit to buy...

Rest assured that if you had a 2 million buy order in at 8.60/8.70, you would have got filled...

Unfortunately we are minnows who have no influence on the market...

However, the good news, despite the falling price, is that liquidity has improved markedly over the last 20 days...5.5 million average daily volume (taken at todays volume) compared to previous 20 days 1.6m...thats a 250% increase...

All we need now is some NET buying...

Great call Colonel...makes huge sense...

Anon...please leave out the tired 'ramp or deramp' trope...

we hold c1 million shares...thats a mere 0.03% of the shares...while the last week's buys of 150k and 100k on a T20 might momentarily move the price, my words on here or anywhere will not have the slightest impact on the SOLG SP, short, medium or long term.

However, surel there's no harm in my sharing analysis or opinions from time to time?

You may indeed have noticed that 99% of them are positive...just happens to be the way I'm made...

And I suspect that at least 95% of people on here appreciate reasoned positivity on here as opposed to crass negativity such as:

"Sorry but this looks toast, sorry to holders in at much higher prices and under water...."

or

"Or in the 7s by November"

or

"7p....and very soon!!!"

or

"Don't worry you will get 7p soon"

These from a guy who posted zilch from March to August, since when he's made 7 posts all negative.

Embarrassingly he began with these two...

"13p written all over this again"

and then

"Waiting for 10p here then I may be interested again"

Before the 7p tirade began recently...

Ends.

I think Scott has created unnecessary confusion by saying that he had to buy the shares before the 'close period' (or closed). We understandably think of this in relation to an impending financial statement. None is due before 15/16 November, but he and Twigger may have decided that it was their last chance to buy sub 10p...(how wrong was that!)... Not being British, he may have been using the broader meaning in relation to trading on inside information and this would bring into play e.g. not only a stake sale, but also a transaction such as a sale or J/V of one of the 'outside' projects (including the CGP projects). He has certainly strongly hinted recently that there is news coming (though we've been waiting for news most of the year...!)

"(A) PDMR....cannot enter into a conditional transaction (share trade) during the closed period. In addition, they should not enter into any transaction at any time if they are in possession of inside information that could have a significant effect on the price of the product in question."

It could of course be the MD&A closed period, but I mention again a possible sale of the CGP SOLG shares at say 17p? (Offered to the first bidder who pays that price...Jiangxi would double their holding; BHP or Newmont would go above 15% and be entitled to a seat at the Board...for any of the three it would be a statement of intent. BHP paid 45p in October 2018 when the SP was 32p; double the price 2 months earlier. it had only a month earlier bought Guyana Goldfields' (Scott Caldwell) 6.1% stake for 27p a share...NCM paid 40p 2 months later...the SP had gone from 3p to 28p in 4 months in 2016, during which Newcrest bought c12% of SOLG...that deal was engineered by MAXIT, as was the Guyana Goldfields sale to BHP...Bob Sangha...

Two days running the SP has been marked higher at the open and then banged down...however...

I think silver (up 15% in 11 trading days to Friday's close); gold (13%); and copper (bounced 3% in 24 hours from an 11 month low); are all about to break out...SOLG needs to break convincingly through 10p and then 15p IMO...

Would you seriously be adding to your short at 8.65?

SOLG isn't going bust...

There are "several" parties in the data room...

BHP, Newmont and Jiangxi aren't selling...

Its impossible to catch a falling knife but after today I'm at 11.3p and have no need to sell...

Nice of you to drop in occasionally to deramp...are you holding SOLG or are you looking for a lower entry...

All those points are relevant to SOLG...

At this rate China will corner the global EV market...

What will happen to the SP when XIB close their short of 155 million shares...?

Or to put it another way...ASSET value is

$6.1Bn Gross (or 197p/share) and $3.4Bn Net or 110p/share at current prices and

$8.6Bn (£277p) Gross and $4.8Bn or 155p/share Net at Oliver's highere prices plus copper at $4.20/lb (which is where it was 6 months ago...)

All constructive contributions welcome...

Italian...thanks for your numbers...very illuminating...

Here's some more...

Based on Michael Oliver's video, gold could go to $2500 and silver to £38 in the interim...(he's talking about a couple of months).

Also his arguments about Junior Miners (Explorers) is very persuasive...(me and mine have 250,000 GPM shares predominantly in Junior Gold/Silver miners; I also hold EQX as you know). He makes the sound point that Juniors are unfinanceable at the moment so that, together with possible manipulation by prospective buyers, may be why we are down here...unloved...

The interesting thing to me is that the SolGOLD SP was definitely correlated to the gold price and that link seems to have broken for the time being, maybe because copper has been hammered...

However...using Oliver's numbers, assuming those revised gold/silver prices around the turn of the year:

Copper at $4.20, Gold at $2500 and silver at $38 adds 3.4 BILLION to the NPV to give 42% gross and 32% net

But even at current prices, the revised NPV would add 940 MILLION to give 30% and 23%

And all that is without taking account of the downward revised engineering costs which are expected in a revised PFI based on what Scott has said previously...

Onwards and upwards...

Scott says..."theres news coming..."

Scott says..."the SP should be at least double..."

Irwin confirms the takeout should be c70p ('Asset Value')...

And the SP continues to slide...

However...

Bought another 100k at 8.71p on a T20...

S/O just paid 27.40...wait till the feeding frenzy starts...

Why would anyone sell you shares...?

Gold almost 2000...silver rising...NAV 32p...way undervalued...

If this company is toast, why did Peel Hunt put a 195p value on it in March 2023...

Admittedly reduced to 125p in September, but still holding a BUY rating...

Thats a 900% bagger...

Heres a couple of possibilities for the 'close period'...

1 There is some sort of deal for one or more of the 'outside' properties, say a J/V..remember we now own the former CGP properties...

2 There is a prospective stake sale of the 'Treasury' shares.

Now before you panic, suppose Scott has said to the three 'players' "the first one to bid me 17p gets the stake...?"

Watch the SP fly then...and not just to 17p...

Scott has made clear there is news coming and that the SP should be at least twice the current price.

Which strongly suggests he has something up his sleeve...

Best wishes

Hi DM

I'm not interested in Ecuadorian Bonds.

It was a media article noting the market's response to Noboa's election, which I took as a positive for SOLG...

Steve...

You're responsible for your own decisions.

Don't blame other people.

There was plenty of evidence that a bid would be likely when Bob was swinging the bat; put that together with Jiangxi's stake and you get the picture....

SOLG cannot survive as an independent and there are 'several parties in the data room'...its only a matter of time and the first bid.

Instead of sitting on youy hands, bemoaning your misfortune and blaming others, you could have actively traded in and out to reduce your average.

Every day I ask myself what my position in SOLG should be. This year we have been as high as 1.2m and are currently at 673k...

At an average price of 13.1p...

Happy to hold.

BTW there is no malice in this post. I have been a stockbroker and fund manager and have always insisted that clients take responsibility for their own decisions and then actively research and manage as appropriate.

Best wishes

Ecuadorian Bonds booming!

Copper price ready to break sharply upwards...

This is what Trafigura said in March...

https://www.ft.com/content/c3da84fd-efe2-4487-accb-511a8104ee3e

Um....

And

https://finance.yahoo.com/news/copper-prices-decline-global-renewable-180000947.html