Member Info for mattlilly

Got two new grandaughters.

Switched my AMG for a Volvo Hybrid.

I'll never own an EV. Their manufacture alone does massive damage to the environment.

I've also never bought a new car in 55 years...

Frankly Phil he has zero credibility...

We used to bemoan overpromising and underdelivering...now the only promise was a new website...months late and STILL out of date...

Theres an old adage...if you've got nothing to say, keep quiet...

We've had tumbleweed on here ever since Bob picked up the big bat and promised "fast and smart..."

Almost a year ago...

Please come back Nick and give this company a kick up the jaxy....

Https://www.bhp.com/news/prospects/2023/08/bhps-economic-and-commodity-outlook#copper

Our confidence in medium term deficits is underpinned by both the demand and supply side, but if forced to elevate one over the other, supply headwinds would be the #1 motive force. Simply put, the supply response to supportive demand and price signals in the 2020s to date has been underwhelming, despite copper’s future-facing halo effect. And time is running very, very short to turn that story around.

It is quite apparent that there is a very substantial disconnect between what needs to be done at the macro level to support both rising traditional demand and the exponential lift in metal needs implied by the energy transition, and what is occurring at a micro level......

A primary focus on financing presumes that the projects are ready and waiting. The reality is that the industry’s collective set of development options is modest by comparison with prior decades, with the well–known lack of discoveries, the depth and complexity of what has been found, and the lengthening catalogue of above ground risks and regulatory hurdles that confront project developers all add to the challenges of bringing additional copper to end–users in a timely fashion. Technological progress can help at the margin to improve the productivity of existing operations, but the binding geological realities feel like the stronger force for this decade at least.

In closing for this chapter, we reiterate our view that the price setting marginal tonne a decade hence will come from either a lower grade brownfield expansion in a mature jurisdiction, or a higher grade greenfield in a higher risk and/or emerging jurisdiction. None of these sources of metal are likely to come cheaply, easily – or, unfortunately, promptly.

Mike Henry.....or Mark Bristow...

Linked In states that SOLG only have two people in London, for a primary London listed share...

I expect the Institutional shareholders are unimpressed, with no regular 'roadshows' in London (or Toronto; only 2 people listed there as well...)

And the major holdings page is headed "Jul 19 2023" but the hoildings are stated as:

"Last updated 15 December 2022"

Utterly b****y incompetent...what do he and his charming assistant do all day?

Mind you the CFO is only part time...

I think you've multiplied by 1.238 instead of dividing...

Am I missing something Fort...?

$28 million divided by 157, 141,000 = c17.83 cents; divided by 1.238 = 14.4p...approximately the SOLG SP at the time of presentation...

All error checks welcome...

Going nowhere...day after day...

Popped today on a UT of 500...yes FIVE HUNDRED...shares...slid back to its stuck range around 14.50...

Scott is doing nothing so we're counting on metals prices or a return to normal volumes as the month goes on...

PIs account for a lot of stock here...our vote could be the swing factor at the AGM...but we've been bored into submission...

So if BHP AND NCM (now Newmont) want to mount a vote to dump the whole Board, I'm up for that...

(Remember they ALL now need to seek re-election...)

Anyone come across this Guy? Sebastian Eguez.

"Comunicación en SolGold Ecuador"

But he hasn't posted or commented on anything on Linked In for 8 months...

But the Projects section DOES include the Cornerstone projects...

12 concessions in 7 projects cf 46 concessions in 10 SOLG projects...

Plus Cascabel of course...

You really couldn't make this up!!!

The latest Corporate Video is delivered by...DARRYL CUZZUBBO!!!!!!!!!!

WTF is going on...or not going on...what are you actually doing Scott!!!???

Surely you mean FA Bozi...?

Copper up copper down

Silver up silver down...

Gold up falling back a bit

RIO and BHP up again...

Solgold going nowhere...up a big fat zero...

+Ended quarter with strong liquidity, cash balance of $48.1M, plus $25.4M shares held, which can be sold at the

election of a wholly owned subsidiary...."

Can someone explain this?

17 April 2023

"SolGold does not currently hold any shares in treasury ..."

17 May 2023

"The Company ended the quarter with strong liquidity, a cash balance of $48.1M, plus $25.4M shares held, which can be sold at the election of a wholly owned subsidiary. "

I.e. as at 31 March...

The May 2023 presentation had the cash (and shares for sale) at $77m "as at 31 December"

But the June presentation had "US$73m cash and estimated owned shares value at 31 March 2023"

Note 31 March again, but to reiterate, on 17 April the company said "SolGold announces, for the purposes of the FCA's Disclosure and Transparency Rules, that following the transfer to the Company and subsequent cancellation of 898,886 shares in the Company, the total issued share capital of the Company consists of 3,001,106,975 ordinary shares of 1p each with voting rights."

So is there sleight of hand going on...is this the reason why we've had no updates to the share register since December 2022 and is the cahs in hand now actually more like $45 million with no shares held in treasury for resale?

In which case do we actually have enough to last until June 2024 as Scott has stated...?

And that £20k print at 14.24 is a gap down today, which is ominous unless we bounce quickly...

Copper has improved significantly and RIO 16%; CAML; 13%; BHP 10%; ANTO 8%; ATYM 8%; are all up significantly in the last month, while SOLG is DOWN 2%...

So I say again, outside of meaningful news from Scott or a positive reaction to an election outcome, SolGOLD needs a rerating in the GOLD price to kickstart a significant breakout to 18p or more...

Great find DBW!!!

And now for something completely different...where Ingo went...

https://twitter.com/METhompson72/status/1391684326400708608/photo/1