Member Info for mattlilly

What happened to 55p by Friday...?

Seems to me that unless something imminent happens, the 14 day RSI needs to fall back before we can make new progress...but WDIK

It's only a matter of time now the merger is complete...

On 7 October the following priorities were laid out:

1 evaluating financing alternatives for the Combined Group;

These were announced on 7 November (Osisko) and 23 November (Jiangxi) and completed on 1December and 12 December respectively.

Tick.

That leaves:

1  a spin-out of assets, other than the Cascabel Project, to all shareholders of the Combined Group and/or

2 the direct or indirect acquisition of an interest in ENSA and/or the Cascabel Project howsoever effected; or

· any other transaction or series of related transactions as may be agreed to between the Parties.

Big Bob's appointment was announced on the same day but surely he will already have been working on these options.

It's almost certain that he found the two transactions and...

He is a M&A specialist who brought home the Noront deal for Wyloo, so

Its only a matter of time before there is either a full blown bid for SOLG or

A complete sale of ENSA/Cascabel and a spin off of the remaining assets...

Anything else is idle speculation.

I ask again why would the Chinese State first buy a small stake through Valuestone and later invest a mere $30 million in the second best copper/gold prospect in the world...?

As an investment or a punt...? Nah...

The recent strength and triple average daily volumes show someone is buying...

It's only a matter of time...

Tick tock...

I noticed those too DBW and wondered if they were B&Bs...?

Really updated...?

SP still §14.5p...

Have a good weekend one and all...happiest for months...

Hooray! 18.76

And we also have loads of silver...$100 forecast...

(GPM is better leveraged to silver, but a sharo rise in silver won't exacylt hinder SOLG's prospects...)

Well that puts a damper on a potential nearly 50% rise...

We will be closing at a 3 month high...

Somebody actually paid 38c (23.2p) for 2500 shares on TSX...

Sorry 23.8p...

TSX price 32c (= 19.5) on decent volume but high for the day is 39c =25.7p...

We keep bashing off 18.80...can we crack 19p today...?

In fact, SOLG had a pretty solid correlation with the gold price until 28 July 2022 when an RNS said this...remember...?

"In addition to the cash position of approximately US$26m as at 30 June 2022, SolGold continues to consider, and has had discussions with its major shareholders regarding possible financing structures and options to obtain funding to further progress the Cascabel development, including a potential equity raise. SolGold also continues to assess potential alternative funding structures which may involve strategic investors. The funds raised would be allocated to financing the completion of the Cascabel DFS, regional exploration and general corporate purposes through to the second half of 2023 to maintain momentum on development plans."

Since when it has diverged dramatically, a woeful 40% underperformance, having been 55% until last week...

The Cuzzubbo effect!

The gold alone is worth $14 BILLION...and thats at $1844...

At last year's high it adds another $2 Billion...thats 56p/share...

And that incredibly well researched Dominic Frisbie article in Moneyweek was talking about gold in th "tens of thousands"...

Pierre Lassonde said that compared to the Dow it should be $33,000 an ounce by now...

And to my mind, apart from the name solGOLD this explains the correlation with the gold price...

Bring it on Barrick...

Even $10,000 an ounce would add $62 billion...thats £17.20/share...

This is a prize worth fighting for by any major with simple common sense...

Hi SM...I'm guessing its April 11 2022...40.3p x 2.294 billion shares = £924.4m...

473 out of the first 618 trades...77%...

Former CGP + Maxit + Mather & friends now hold 37.5%...and therefore all the cards...

So if they favour any particular bidder, that will have a massive influence...

Equally it would be a sound basis for rejection of a bid that was too low...

BHP/NCM 20.7%

Jiangxi + Valuestone 6%...?

The next big piece of news could be a TR1 to show who's been buying...an indicator if intentions and a spark for real SP action...?

This just keeps going up an up...

46% in just 10 trading days, DESPITE the extra 550 million shares is issue...

Surely at least one prospective buyer must be loading up in the background...?

After all, even if you plan a starting bid of 40p you'res till making a profit all the way up to that price...easy money...

A very good sign indeed mate!