Member Info for mattlilly

See DBW's post below...

Why is the SP at its highest in 9 weeks...?

Why is it up 4.26% from its low today...?

And why is it up over 18% since its intraday low on June 1st...?

Last weeks surge as selling for 36 hours to bottom in the low 17s, since when it has performed pretty solidly...

The Betaville story remains a puzzle but it has sparked renewed interest...

Solid resistance at just over 20 but I'm well happy with the last few days...

Ah...the SR...don't hold your breath...

When this is sold, no doubt the Board will say "this was the best outcome of the SR..."

"What is the data room in the M&A process?"

"It is a physical location that is established by the seller to store essential documents that are required during an M&A transaction. The data room is part of the due diligence process; buyers and attorneys representing the buyer can access it before closing the transaction...."

And if you're hanging your hat on historic commitments, what about this one from 28 July 2022...

"Following the Pre-Feasibility Study ("PFS") for the Cascabel Project which was announced in April 2022, SolGold has continued to develop the funding path to achieve the next milestones in the form of delivering the PFS Addendum (targeting Q4 2022) and the Definitive Feasibility Study ("DFS") (targeting H2 2023. The purpose of the proposed funding exercise is to finance completion of the Cascabel DFS, further de-risk the project and realise its world class, Tier 1 potential. The Company is targeting total potential pre-tax NPV uplift of approximately US$1-1.8bn at the Cascabel project from the continued evaluation of optimisations and other upside opportunities to be incorporated within the upcoming studies...."

The Prospectus was produced for a specific purpose, which was intended to complete early in 2023.

5 days earlier Scorr said:

"Our top priority is closing the Cornerstone transaction..."

In that RNS it was also stated "The Company is well-funded..." this was on 17 February.

The 1st quarter MD&A RNS on 15 May stated "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. ..."

Times and circumstances change. What do we need funding for when we're not advancing the DFS, nor are we building Cascabel. We also appear to be doing minimal drilling.

You can hang on historic statements such as the commitment to doing a strategic review, but the priorities now are clear:

Make the company much more financially efficient and disciplined

Determine how best to present the maximum value to prospective bidders

Get the sale done.

End

But that predates the 15 May RNS addickt...

"producing a plan with lower capex and earlier payback opens up Alpala to smaller players"

I thought thats what Darryl did...

Why do SOLG have to do anything to get a bid...?

The ultimate buyer won't be put off by having to dot i's and cross t's...

https://www.kitco.com/news/2023-06-13/Copper-demand-will-outpace-supply-from-2026-due-to-global-energy-transition-report.html

Its only a matter of time...tick tock...

"Jiangxi Copper Co Ltd , Zijin Mining , Tongling Nonferrous Metals Group Co Ltd (000630.SZ) and others urged relevant authorities in a meeting on Tuesday to launch a new round of ore prospecting as soon as possible..."

https://www.reuters.com/markets/commodities/chinese-copper-companies-say-more-mining-is-needed-boost-supply-2022-11-09/

https://www.spglobal.com/marketintelligence/en/news-insights/research/china-mining-by-the-numbers-2022

"further out Ecuador and Argentina could become the next copper frontiers, according to Pickens...."

https://www.mining.com/charts-chinese-investment-in-overseas-copper-projects-just-beginning/

https://www.reuters.com/markets/commodities/while-dr-copper-waits-china-china-buys-more-copper-2023-01-27/

Why on earth does anyone think SOLG needs to raise more money...

They aint going to build Alpala and the DFS is on indefinite hold...

They've been agressively cutting costs and...

SOLG is up for sale, hence "several parties with access to the data room..."

From15 May RNS:

"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...."

and:

"With the ongoing restructuring efforts described below, management expects current cash balances to last beyond June 2024. "

So much hot air wasted on here in idle speculation that might damage the SP...

In the first 90 minutes...

Says it all...

Ask yourselves why so many sensible posters have given up on this Board...

I only check in once every couple of days and the puerile rubbish continues...

Hi DG

Thanks...with your patience and courage you have added real value...here and 'elsewhere'...

Prospective predators, J/V partners or buyers of prospects mog...

Hi Darren

And thats why I don't post anymore.

Best wishes

RK

"First up for Caldwell is an internal study to assess the options, which Caldwell should have ready to present to the Board in three months time. If accepted, engineering work would follow before the company speaks publicly about it.....

A key task is to continue advancing discussions with the government about obtaining an investment protection agreement and amending the company's current investment protection agreement to reflect development and exploitation. "We are in discussions on both of those, and we would like to get those successfully negptiated by the end of the year" said Caldwell."

So much for "fast and smart..."

Shame on you Colonel...have you descended to the gutter as well as the rest of the tripe flooding this Board...?

"citing two numpties from a BB..."

Kept 800k...blind faith...

To make you feel better, I sold almost a million shares last week...ho hum...

I totally agree Italian and if you click through to the valuation, SOLG is valued 80% higher than, for example, ATYM at current prices (1.8PB vs 1.1PB), whereas ATYM actually has earnings and yields 9%.

See my comments elsewhere for a fuller view...

On the strength of the presentation we've invested a further £60k at an average of sub 335...

I repeat...this will be a £10 share in the foreseeable future.

Happy to answer any other questions, but for starters, if all the planned projects, including Touro at full production, come to fruition...at a $4.20 copper price we'd be generating almost $1.1 billion pa Gross Revenues.

Key events to cause a price improvement would be:

TOURO permit

Main Market Listing

Continued recovery of the CU price

All the other things are baked in and I suspect the Q2 figures are already much better than Q1...

AIMHO as usual...

Https://www.kitco.com/news/2023-05-18/Copper-concentrate-market-to-face-steep-deficit-from-2025.html