Member Info for mattlilly

Thanks DBW...I think its a reprint of the earlier article...

Actually Dinner Money, because she's simply a good person...

Just compare their two CVs...

DC had more powerful jobs in bigger companies and now he's crashed and burned...

I can assure you that the good guys were lost...and I don't BS...the failed cash raise was down to DC...

How many £44m quoted companies have you been CEO of...?

Or CEO of anything...CFO...?

Confidences that can wait until SOLG is taken over...

One day I'll tell you what really happened...

Ayten Saridas promoted to interim CEO...the talent we missed when DC blew her out...

https://www.linkedin.com/in/ayten-saridas-8aaa6713/

Seriously disappointed in Fawzi who seems to have disappeared...

No its not dilution Sid...

There was no share issue betwen April 2021 and November 2022...

The SP had already fallen from 45 to sub 14 by late September and the merger wasn't announced until 7 October...

It was simply sheer incompetence b y C EO and Bpard from the moment Cuzzubbo was appointed and including the shockingly inept attempted fundraising in June....

However, to my mind the reasons for the SP being at 45p were every bit as sound as now, so 17p is both puzzling and perplexing...

However, once the technicalities of the merger are complete I expect fireworks with 17p a distant memory by late February...

ATB

Barrick gold production continued to decline in 2022...

They are now a full blown copper/gold producer and would be my choice for landing place for Solgold...

https://www.marketwatch.com/story/barrick-s-gold-output-shy-of-target-in-2022-copper-reaches-guidance-commodity-comment-271673959880

For whatever reason, this market is really thin...

Added just over 50k...had to do it in two tranches at just under 16.90...

I'm immediately BID 16.89 for 100k...crazy...

Augurs well if any news breaks...this will fly...

Orthern...do you still own shares...?

If so, why be so negative publicly...

Nobody would announce a bid before the merger is technically complete...too messy...

So in the meantime, with few selling or buying...just waiting...the SP drifts...

And when volumes are so thin, MMs often mark the shares down until they find a level where people will trade...

We hit 16.66 this am and then somebody had to pay 16.92 to get £10k worth...simialr to yesterday...17.26 or so and somebody paid 17.92 to get 670k...

I know we've waited such a long time and even I find it frustrating, not earning a sou in this share as the SP drifts, while other opportunities perform well...

But we've come this far and I trust Saint Nick to deliver...soon...

This is currently reminiscent of the SOLG market going up towards the merger vote...uncertainty and hesitanccy...

Whether through nerovousness or a desperation to get on with selling the company, I think we'll have an uncertain market going up to the finalisation of the technicalities "by late January"...

If the ARBS reverese and/or shorters close and people get a bit braver over the nexyt week tp 10 days we could see the SP into the 20s before liftiff with thefirst bid...

In the meantime, there has been more than 500k of stock turned over since the 679k trade...backfilling? In which case I would expect a modest recovery going into the close and possibly an interesting UT.

But surely that 17.90 trade has put down a marker, especially following the bounce to 18.18 last Friday...?

ALGOs have been relatively quiet today...what will ignite this SP...?

Frustrating but...someone was prepared to pay 17.90 for size...even on a modest profit projection they clearly believe it is only a matter of time before their investment looks really good...

so why the price moves? My thoughts are...

"What price to buy £121k please?"

17.90...

Done!

So, the market price doesn't rise, it just that lone bargain.

The market here is thin, because nobody is selling and few are prepared to buy more...probably fully invested and waiting for the inevitable price rise on this massively undervalued investment, so...

When people want to sell, because they are tired, bored, impatient, fearful,....the bid is lower than they might wish...

The SP opened with a UT at 18.10...fell away to 17.25p on fairly static copper prices and a weaker gold price, plus a weaker Industrial Metals sector, before recovering to 17.40...

But I repeat,,,someone was prepared to pay 17.90 to get a siginificant toehold...Quibbles maybe...?

Come on guys...can't you see Quady's smoke and mirrors...

He has unsubtly moved his position from 'we're taking this to production' to J/V, on his way to capitulating when the bidding starts and pointing to his recent post when he outlined four different scenarios, one of which is a takeover...

I promise you...when he is shown to be wrong he will immediately say "I always said a takeover was a possibility"...

Why oh why are you still entertaining his rude and unarrogant certitude...?

Bozi...do you think things through before you post...?

"he fact that BHP and NCM would be underwater on the averages of their own shareholdings is completely and utterly irrelevant.....After the merger completes, if SolGold issues the shares previously held by CGP to someone that isn't NCM or BHP, both parties drop to under 10%. They lose their influence in shareholder votes...."

Of course its not irrelevant...are you seriously suggesting thta, having paid up to 45p, BHP will just fold and bank a 50% loss (based on your opening bid projection)?

And NCM having carried out a review stated that they are keeping the shares as a 'strategic investment'...in other words to make money.

Your logic on their shareholding is flawed also...

Yes on the higher share cap of 3m plus BHP and NCM drop to just over 10%.

The SOLG shares that CGP hold don't dilute that...they are already in issue as part of the share cap...

However, if SOLG was to redeem those shares, BHP and NCM would rise to 10.8 and 10.7...thats 21.4%

Tell me pre4cisiely how "they lose their influence in shareholder votes..."?

Does Nick Mather and his interests lose their influence with 13.3% or CGP shareholders with 18% plus...?

Au contraire...Mather, Sangha (3% plus) and CGP shareholders are now 'driving the bus' towards the inevitable takeover battle...

Hi Scrat, there is a sensitivity analysis built into the PFS

Whilst your logic is sound, in my experience predators often end up paying more than they intended when they get sucked into a war...just look at Wyloo/Noront...

I'm not basing my hopes on NPV, but Nick consisitently has, by saying "asset value, not market value"...

I still think the final price oculd settle at 100/125p...

Bozi.. 2 reasons why we're not completeing a PFS/DFS right now...

1 Very high inflation which will fall fast this year and is not yet outweighed by cpper prices

2 Theres a bidding war coming...nobody would be foolish en ough to bid 22/25p as an openibg bid...

May as well embrace it...

For those who still think talking of a bidding war is ramping, ask yourself this simple question...

Why would the biggest copper company in China...essentially owned by the Chinese government, who have just done a groundbreaking deal with Ecuador...buy a measly 6% stake in a company whose most advanced asset wint be producing ore before 2029...?

Their investment cost $36 million, which is peanuts for them...

It can ONLY be a precursor to a bid(s)...and remember they know the company because they already had a toehold through Valuestone...

Simples...

Well done him...right on the money...

However I still think there are enough people 'in the know' to see some improvement after the merger is legally complete and before the first bid...

However, it could come straightaway after and anyone who has Hope's of a bid, or shorters, are playing a brave game if they are waiting...

As DBW has said, we could 'wake up' one day to a bid and I'm much happier being fully loaded, like you, than waiting and watching...

ATB