Member Info for mattlilly

Addict...there will be no dilution...a copper streaming deal is nailed on for the balance of $900 million...

For a cross reference, ATYM already have offers of bank debt or streaming or off take or a mix to fund the Touro copper mine...

Affirm...at the end of the day its worth what somebody will pay for it...with more than 10 major players in the data room...

based on the value of the metal in the ground and the revised NPV, I would put the ultimate value as being between 60 and 150p to a predator...

40/50p is a non starter...except as a starting point for a £1 plus takeout...

Hi PBow...I totally respect you but aluminium will never be substituted for copper in a big way partly because it would need a fundamental industrial reset...and if industry changed in a big way, prices would simply equalise...

Aluminum has 61 percent of the conductivity of copper; copper conducts electricity better than aluminum, is less likely to corrode, and doesn't expand and contract as much as aluminum; copper has approximately twice the tensile strength of aluminium.

So trust me there will be a copper price surge in no more than 4 years...and the majors know it...

Solgold are NOT a miner and never will be no matter what Dan says...

Even if we have to get as far as turnkey, somebody will bid...

The majors are lazy...they let the Juniors do all the hard yards...spend the money...and then hoover up the best prospects...just look at the M&A activity in the early 2010s...

We are in a perfect storm...Dan has got the SP moving just as investors and predators are taking an interest in Juniors...

look at GDX (almost a 19 year high); GDXJ (13 year) COPX (almost 14 year high)...

We have $230 BILLION of gold and copper in the ground at Cascabel alone...1% of that values SOLG at over 60p/share...

And in 4 years there will be the mother of a copper supply deficit...smelters are closing because so many new ones came on stream but they can't get the supply...

Seriously I see the copper price at $10 within 5 years and sensible folk are forecasting gold to $5,000 or even $10,000...

As I said...perfect storm...

We've had an excellent run up, doubling the SP in a month...refuelling now before the next surge, reinforced by TAM and Exp[loreCo news and maybe a TR1...

Enjoy!

Ask JCC...

Trust me....

Alberto tried to keep his counsel on Toure decision but eventually he said "by September..."

Choo choo...

ExploreCo by the end of the month...

Anyone on here in UFO or ATYM?

Alberto is an absolute star... I bought ATYM at 80p...he's never let me down...

:-) reci[rocated Rodney...

Thank you NRL...you're very kind.

I totally agree on SOLG and AFC...patiebce will be rewarded...

Oh dear Rodney you can be pompous at times...

Of course you are entitled to your opinion because that is exactly what it is.

What I have stated is FACT. I have simply added the FACTUAL detail to explain why and what.

You have constructively missed the point.

I have been made clear:

1 That the timing of PS individual decision to buy shares was unwise at least. He must have been in possession with information that was to be imminently RNSed

2 The timing of his purchase would have made it extremely difficult to publish what we all hope and expect will be news that will push the SP up further

3 The ExploreCo RNS was 'oven baked' in late July. We will not now get it until late August.

You can talk about different backgrounds but you probably don't know what MAR is or the Yellow Book was.

I did not post OPINION, I posted FACT in that i have had direct daily responsibility for telling my fellow Directors what they could or couldn't do, including the timing of share transactions.

So please Rodney...as you take delight in calling me out rather than 'respecting my informed opinion' tell us the background and experience on which you base your OPINION...or did you simply use AI...?

Who said I was criticising you Bozi...

But like me you haven't always called it right...

We've had an SP down into the 5s and I'm calling out those who have unquestionably been deramping. You know who they are.

But also the several people who have failed to take responsibility for their own poor decisions.

We live in a society whose worst trait is that when things happen to them or go wrong they blame anyone but themselves.

So here people directed their frustrations, anger and despair at the company.

Yes there have been some poor decisions made. Darren was an utter disaster who could have bankrupted the company.

The merger with Cornerstone was positive for consolidating 100% of Cascabel but from October 2022 to March 2025 the agenda was being driven by the 'Bob the Bat' and the Canadians. I believe Scott was doing the best he could but the agenda was to get the company sold ASAP...

I recommended to Ingo 4 years ago to spin off and IPO the 80 plus other projects. Paul Smith agreed with me on April 11th. Now it will happen.

I recommended to Bob to sell the CGP 5% in April 2023 when the SP was 20p but he said he didn't want to do that..we wouldn't have had the Cash worries and.instead we would have had at least $20 million more cash.

The revised mine plan was pretty much put in place when Keith Marshall was acting CEO. He was a consummate miner. Instead we stood still for the best part of 2 years as the SP drifted like tumbleweed...

Now things are far more optimistic under PS and DV so pleeeeaaassseee lets can the negativity? People may still be underwater but the value of their holding has increased by 100% in less than a month! Hooray!

And I believe the end game will be a sale at least £1. Anything less than 60p would be an insult.

Meanwhile the Junior Miner Bull market is well underway with GDX and GDXJ for example at 14 and 12 year highs. Former 'penny stocks' are rerating left right and centre, especially explorers...10 or more 'multi bags' happened in 2010/2011...so we will rise steadily no matter what the news is going forward.

So heres to the 'Novices' of the world; DBW; and their like, who've remained cheery and/or constructively positive through thick and thin...

Their time has come...

"every day you should make..." Oops!

Unbelievable...Helikon reduced by 1% but I've just managed to get another 222,060 shares sub 9! Thats little more than half the SP only a month ago...

Bonkers!

And the S&P500 JV still to be announced...

Its clear that retail investors piled into a share offer priced up to 40% below the prevailing SP for the month to July 11th...

Then with the delayed listing and the declining SP, following the steep fall on July 16th (I bailed early and bought the lot back between the retail offer and todays buy) they have clearly panicked and dumped...

stop losses hit and MMs rubbing their hands with glee...Instis filling their boots...

So 'Buyers Remorse' for the PIs that piled into the Retail Offer but in a few days we may see FOMO as they desperately try to buy back the shares they've been dumping since 8 August...

Ho hum...616,181 and holding for the long term...RBC target 30p...hydrogen at the same price as diesel...

Oops! A major question mark over ELIX...

Ironic isn't it affirm...?

"I'm loving the new BOD too."

Ironically theres only one new Director...Chairman Paul Smith...

Now certain people who are posting on here were casting serious aspersions about Smith and Vujcic when they were appointed, some suggesting they were lightweight and/or not having the right experience.

I was in direct contact with both immediately through LinkedIn and searched their track records, concluding that they would add real material value for shareholders...

To give credit where its due, Rodney is the only one who has had the decency to come out and admit that he underestimated them and is now fulsome in his praise and encouragement.

This Board would be a far better place if the derampers passed off elsewhere and those who have posted volumes of negativity in the past would hold their hands up and admit that they were wrong, thereby accepting the errors of investment judgement they may have made in the past.

Finally a plea...there are always tips flying around on these BBs...I have sometimes benefited leading to me investing into companies that I might othetrwise have missed, e.g. WSBN yesterday.

But I ALWAYS do hours and hours of research before buying. Every Monday I devote the whole day to catching up in depth on each and every share I hold. Sometimes I have to admit I was wrong and dump a share; others I sell part or all with the intention of buying back lower. Thats how we got our average down below 8p...

Finally...every daughter you should make a committed decision whether to hold, add or sell part or all of every share you own. When I was a stockbroker the most difficult question I was asked was "should I sell XYZ?" I always answered "only if where you invest the proceeds is expected to perform better."

Of course I provided research and the Broker's latest recommendation if we had one.

But most of you on here have time to DYOR.

I believe we are on the verge of a 'life changing' capital gain in Solgold.

Thanks to all like PBow and DBW who add real value here day after day.

Thanks to those who are constructive and objectively positive.

And especially thanks to those humble souls who are prepared to admit when they are wrong.

GLA

Signs of institutional buying? (E.g. Tracker Funds)...probably much more after the Results Call...

Volume already shaping up to be the highest since early June despite the fallback in the copper price...

It should be said that we bust the ATM by 10% earler today...more to come...?

First Rodney let me be more specific...

On 29th July PS bought shares in the company...his first ever transaction...this shows confidence in the shares but....

On 25th July ExploreCo was ready to be announced the following week. Maybe he jumped the gun, assuming the info would be published that day...

I'm not saying he committed an offence but I do believe that the timing was unwise and the NOMAD and Company Lawyers would have advised that it would not be appropriate to release the ExploreCo news immediately after and the safe thing was to wait up to 20 days for certainty.

That would put back ExploreCo until late August, which is likely the case.

it would be naive to assume the news will not be 'material'. The IPO for example could value ExploreCo at £200 million or more (i.e. 70% of the MCap on 29th July)

The disclosure of material information is aimed at ensuring fairness and transparency.

Material information includes "any information that could influence a reasonable person's decision regarding a transaction In financial markets, it refers to information that, if made public, would likely have a significant effect on the price of financial instruments..."

"Directors of companies with shares quoted on a stock exchange are obliged not only to disclose details of their dealings, but also to observe restrictions on when they can buy and sell shares in their company."

It would at the very least be unwise to buy shares prior to an announcement that sends the price considerably higher. (Let's hope it does.) Price sensitivity to the ExploreCo announcement can only be determined immediately after the RNS.

Lets hope it has a material effect, taking the SP into the 20s.

Please be assured Rodney that I know what I'm talking about.

I've prepared two IPOs: one of £830m and one of c£40m. In both cases I directed the whole process including the preparation of the Prospectus.

As Group FD of a quoted plc it was my role to manage the daily relationship with the NOMAD and lawyers; and inter alia to advise Directors what they could or couldn't do.

I was headhunted by the NOMAD and at my interview was tested when I had to tell the Chairman and former owner that we could not IPO unless he repaid his loan from the company...its no sinecure...