Member Info for mattlilly

Cash balance at 30 June 2023 $32,481,606...

"Cash expected to last until June..."

That included the 'Treasury' shares being sold at a then assumed price of c17p....

First two things he mentions are:

A JV with outside projects and

Concentrate take off..

Surely either would give at least a small kick to the SP, however...

Talked to BHP, meeting Newmont at the conference

'Modified' PFS 1st qtr 2024

$1.2/1.3 Bn initial capital cost...higher cave first...block cave after...

Exploitation agreement will be signed off by Lassos government

Interested parties see biggest risk as political.

Both candidates favour mining development.

"We're trying all we can to get the price up..." Whaaat!?

Key catalysts next year or so...

Strategic review "but that's out of our control..."

Phased mine approach...

Both announced Q1 2024.

Meanwhile hinted at a JV with at least one of the outside projects

Whaaaat...I thought thats what he wanted...

Maxit acted for Wyloo on the Noront acquisition...

They are also advisers to Guyana Goldfields...

https://www.miningweekly.com/print-version/guyana-goldfields-is-said-to-explore-options-including-sale-2019-08-13

Newcrest takeover nears completion...c$17 billion...

So the question arises what do Newmont do with the SOLG stake...?

Their mining tech deal looks like it makes block caving more efficient...

https://www.mining-technology.com/news/newcrest-epiroc-enhance-mining/?cf-view

What NCM paid for the SOLG stake is irrelevant. What Newmont would accept for a prospect they have the muscle to mine is much more important.

Also too early to write off BHP. They also have a decision to make. They know the Chinese want it, so again they must decide what they would accept for a mine they could buy and develop for 8% of their Gross Revenues; 33% of cash in hand; and 60% of what OZ Minerals cost...

So the smart move by either would seem to be to start the auction as happened with Noront, resulting in either them getting SOLG (and thereby a major footprint in Ecuador, including the CGP prospects) or making s major competitor pay up as happened with Noront...

The smart move by SOLG would surely be to sell the 'Treasury' shares at say 17/20p, thereby lighting a fire under the SP and maybe triggering the auction, depending on who buys...

So then the naysayers ask "why would anyone pay even 17p when the SP is 10p?"

But that's the whole point.

There are "several" parties in the data room. Now is the time to text out their interest in buying what would be 'strategic' stake for at least three parties.

(And I'm still puzzled why Mitsui haven't shown their hand after publicly stating their wish for a stake in Cascabel...)

Have a good Sunday. Back in Blighty late tomorrow...off to the beach...

Phew! Fingers crossed...

Yes but surely it doesn't suit the CRG guys who effectively bought at 17p looking for a quick killing exactly a year ago...

Don't want to sell in any size, Viz my price but also don't want to see seller's...defensive...hardly surprising...

Cheers Qali...top bloke.

150k...had to pay average 9.77 in 3x 50k tranches.

GLA from Promenade des Anglaise Nice...

The Board has consented to all Directors up for reelection annually.

He also posted this on June 16...

"With Jiangxi Copper Company increasing their shareholdings in SolGold to over 6%, there is even more reason to tune in to Scott Caldwell's update on June 22nd..."

And what did Scott have to say that provided even a ripple of excitement...

We know Warren has skin in the game...

If the majors are all over this and there is a looming copper shortage, why is copper so depressed and why is it taking so long to sell the 2nd best prospect in the world...Bob?...Scott?...Nick?...

Well said Bozi.

Daily average for the last 16 trading days...1.4 million...jeez I held that many at one time...

No communication...nothing to tell...?

And heres the irony...if someone bought one of the non-core prospects, or a J/V was announced for one of them, the SP would spike in a heartbeat...

The simple fact is that Junior Miners are beaten down and there is no risk appetite to finance them either ATMO...

Goldman still believe we are on the cusp of a metals boom...when it happens, those that are out will get sellers remorse.

Meantime, non-big tech equity markets are in the doldrums pending a certainty of peaked interest rates.

Theres a recession coming but markets price forwards so metals and especially copper will lead the charge...

Probably the most intelligent and objective set of posts I've read in months...

Accordingly increased my holding by 153%...

Now time for the patient...

Surely its a no-brainer for Kobold to buy the lot...even if they had to pay 2p...?

Still only $30 million...chump change for Gates and Bezos...

Https://www.reuters.com/world/uk/uks-july-new-car-sales-up-more-than-25-smmt-2023-08-04/

But...

https://www.express.co.uk/news/uk/1814502/electric-cars-sales-plummet

OT have a look at what NM and IH are doing elsewhere... (Slide 4). Obviously hedging their bets and it wouldn't surprise me if it outperforms here...

https://firsttin.com/wp-content/uploads/2023/06/230601-First-Tin-Presentation-June-23.pdf

In any case Nick is hedging his bets...as well as being a NED, he is also NED of Clara Resources (alongside Brian Moller - remember him?), which owns 22.6% of 1SN.

He is of course CEO of DGR Global, which not only owns 6.8% of SOLG but also 12.3% of Clara Resources (.i.e. therefore 2.8% of 1SN)

Finally, Ingo is also the recently appointed CFO of Lifezone Metals, following his stint as CEO of Omicron...

Enjoy the distraction from the tumbleweed here...

Ends.