Member Info for mattlilly

Talatum...please outline the circumstances in which SOLG would have to seek administration...?

"When a company goes into administration, they have entered a legal process (under the Insolvency Act 1986) with the aim of achieving one of the statutory objectives of an administration. This may be to rescue a viable business that is insolvent due to cashflow problems."

SOLG does not have cash flow problems and, even if it was at declining prices, with the rich assets we have, it could continue to issue equity ad infinitum...

You also said "and has need for huge capex without which it cant generate revenue"

How many times do you have to be told...Scott has categorically affirmed we are not a mine builder...

The process of selling the Company has been well underway for 6 months now and, even alllowing for the c8ckup over the Delay which led to the need to issue a MDA and revise the Prospectus, these things take time.

And BTW needalife...this isn't about negative comments, even though references to administration would scare some uninformed people witless, its about the fact that if ~talatum was genuine in that post he doesn't even begin to understand this company and what is happening, so should think b efore posting something that might upset some nervous holders.

Now some people think I am too positive, even calling me a ramper through self interest.

Of course I'm self interested...if anyone on here isn't self interested they must either be a deramper, stupid or a serial spoiler (and we know we've had some of them in the past...)

Also the most self interested person in SOLG is Nick Mather and while he hasn't been my favourite person in the past, he's got my back and your back because his 90,634,554 shares says so...let alone Tenstar and DGR etc...

He's lost c£20m on paper in just over a year but he's not sold a single share in years.

I post positive comments, news and anything useful to encourage people to hold on, because anyone who is still holding here is going to make a shedload of money some day soon and when the first announcement is made it will be too late because either the shares will be suspended or the SP will catch fire...

GLA

Talatum why would you post something as stupid as that....

We have over $70 million in the bank and 155 million shares we can sell inherited from CGR...

Still 19.04/19.00...!

Over an hour now...thats it I'll stop cos I'm off to golf...

Cheers

Look at that! Somebody's sold 24,599 at 11.32...4 minutes after my post with a back of 19.035/19...

And between that and my post saying 19.085/19.4...

Maybe the ALGOs are short... ;-)

19.04/19.00 so we've had a backwardation for mofre than half an hour now...

I've only vever seen it fleetingly before...these things normally sort gthemselves out quickly...i.e. in seconds...

Welcome back Slug...

19.085/19.04...

Spoken to somebody in the know who says "this is really weird..."

Live quote 19.035/19.00

Do you all understand the significance of this...?

Surely something is about to happen...

I know I'm not allowed to call it a backwardation but you know what I mean...

Its been like this for 15 monutes at least...

Actual quote now 19.079/19.00

Bizarre!

Maybe one MM has a big Buy order...

The best! I have a brotherr in law in Sydney...(40 years...)

We should ALL celebrate ANZAC Day and thank those brave unselfish boys and girls...

This doesn't makde any sense...

If I want to buy more the price is 18.98, but...

I am firmly bid for 400k at 19.02...

Help!!

Now firmly bid for 300k at 18.96...you couldn't make it up...?

Fingers crossed fotr all of us on here...can we launch an attack on 22.5. over the next few days..?

Hahahahahahaha....

I'M beginning to sound funny...?

Some people on here appreciate my transparency when I make significant transactions...

I thought youwere off to Anzxac Day...

Who knows...? 19.12 paid...

Well the good news is that those trads have driven the RSI down to rock bottom and the SP to bang on support going back to April 6th...

Time for a Brylcreem Bounce...

PS Do you think you're funny needalife...

The opening UT was 20p and the first few trades were at 20p before the ALGOs took it right down to a bottom of 18.32 (thats a fall of more than 8%) in less than 35 minutes from the off...

Lets hope thats put in a bottom...for the rest of time...

WE NEED NEWS SOLGOLD!

Silly price but not worried...

Managed to buy 200k but it was hard work...

50, 50, 50, 30, 10, 10...

And I am alread firmly bid for the whole 200k at roughly what I paid

So if MMs reluctant to sell, why was the price marked down...?

Answer...its the ALGOs again...

Ignoring the UT, 121 out of the first 131 trades...

Otherwise no real buying or selling going on...puzzling...

And these caught my eye Troajan...

"In general, companies were favored as targets over properties — slightly so in number of deals at 31 versus 25, respectively — but more significantly in overall amount — $18.70 billion compared with $5.78 billion. The year's top three deals were major-major takeovers, with two focused on copper and one on gold....

With 10 of the 18 copper-focused deals targeting assets in the reserves-development stage, many buyers' acquisitions reflect long-term strategies rather than immediate boosts to production."

This comapny has become a joke...

Are you reading this Mr Mather?

The company website is way out of date or wrong, e.g.

"Shareholder Information – Key Security Information
Last updated 15 December 2022"

Fawzi has obviously gone and there is nobody handling PR/Communications.

You needed our support at the AGM to get re-elected.

Big bad Bob wielded the baseball bat..."Fast and smart..."

The merger was a cuckup...delayed due to incompetence and then the need to produce an MDA and a revised Prospectus

Theres no news...no news...no news...except the awards you're giving to yourselves...

No apparent drilling going on and definitely no intention to build a mine...

Shares'given' to Jiangxi...where's the bid...

I have no intention of selling, but apart from a PDAC appearance, the CEO seems to be doing nothing much beyond sacking people...

The shares should have rerated following the merger and 100% ownership of Cascabel but the management are incompetent and self-serving.

We supported you Nick...you've always said you've got our back...we voted for you...this is your company...get it supported...

Please...soon...

Come on guys...can't you see the subtle undertone...?

They don't VEST until April 2024, 2025 and 2026...

But of course they will automatically vest if there is a takeover...

This is a blatant giveaway as if we are still independene in April 2024 we'll be building Alpala...and that ainy going to happen...

Over to you Quady!

Glencore bid for Teck copper resources to be increased...

https://www.kitco.com/news/2023-04-19/Glencore-in-hot-pursuit-of-Teck-with-eyes-on-copper-assets.html