Member Info for mattlilly

Orthern...sorry to disappoint you...I'm sitting here completely calm and rational simply refuting a poster who is posting unsubstantiated rubbish. And I won't let his uninformed opinions stated as facts lie fallow.

And as I said to him yesterday, I don't do angry either...

Its quite easy to remain rational when dealing with posters like Stackhigh. You simply ask him for the facts that he cannot produce. Stating that there has been no RNS of a sale of SOLG is inane and gives a window into his ignorance. Which is not surprising because somebody kind left him £25,000 which he has invested in SOLG and sat on while insisting that it will not increase in value before Dec 2023 because there will be no bid.

I do hope he has the patience to hang on...

"You say he's got a bidder locked and loaded. "

Where did I say that?

Are you getting so desperate?

This is Warren Irwin

https://www.rosseau.com/

"Rosseau is well known for its expertise in the Mining and Oil & Gas sectors."

This is Bob Sangha

https://www.maxitcapital.com/

"The Leading Independent Financial Advisor to the Mining Industry"

"At Maxit Capital we partner with clients from across the globe to help them source, analyze and execute value-enhancing M&A opportunities.

Maxit Capital is a leader in the provision of expert advice related to hostile transactions, including take-over bids

Our principals have advised on over 20 transactions, including recently:

Osisko Mining’s successful hostile defense against Goldcorp and subsequent sale to Yamana Gold and Agnico Eagle Mines for $4.1 billion
Orbis Gold’s successful hostile defense against and negotiated sale to SEMAFO for $180 million
Northquest’s successful hostile defence against and negotiated sale to Nord Gold for $29 million

Maxit Capital brought Newcrest Mining's $22.8 million to Solgold

Maxit Capital LP acted as financial advisors to Wyloo Metals in connection with their succesful bid for Noront...

So you could say, for example, if somebody with all that directly relevant experience is saying there is at least one bid coming...and they've backed that up by buying 2.4 million shares (so far) (not 200,000 shares from an inheritance)...then maybe he does know what he's talking about and maybe I don't want to sell and might even buy a few more, like him...

Well said Bubble...sanity reigns!

So Stackhigh you say you have invested an inheritance.

So please tell us what practical expreicne you have of stock markets to be an authority on how share prices are determined?

I do have, having been a 'market maker', qualified stockbroker, Principal investor, Pension Fund Manager and Money Market Fund Manager managing assets up to £4.3 billion.

I've also been a plc GFD, involved in mergers and takeovers, appointed bid defence investment banks and set up 'white knights'.

None of that is to impress anyone, its so that you can compare your relevant experience to say what you did in your post of 17.05..

So what is your relevant experience on which you base those statements and indeed your other opinions which are presented as facts?

Market Makers determine prices...end of...and if, for example, a large buyer has a big order to fill ( as I suspect there has been for more than three weeks, they are required to notify the market of the full size of their order, so that the MMs can manage the SP in order to fill the order at a price acceptable to the Buyer.

When most people are fully invested and few want to sell because they think a bid may be coming, it is a slow process which often involves the price being held down until a given amount of stock can be bought.

The major risk being that a piece of information may emerge in the meantime (such as a bid) which would at least temporarily take the control of the share price out of the Market Makers' hands...

Why would FOUR people on here recommend a post that says:

"The mantra about an imminent sale gets weaker with every non-sale day. "

and

"the fact that no one else is buying in the open market "

and

"it won't sell for a huge premium in the next year"

and

"investors don't care, and buys aren't happening"

Of course I cannot say there will be a SALE, because even if there are multiple BIDS the shareholders still have to vote with their feet...

But I can say there will be a BID, or BIDS, or BATTLE, or AUCTION...and when there are the SP WILL go up...

There you go with self opinionated rubbish again...

"Or scenario two- investors don't care, and buys aren't happening, because there is no buy out"

The AVERAGE volume per trading day for the last 17 days has been 50% higher than the average volume (including the last 17 days)...thagt works out at an additional 35 million shares traded in 17 days...and for every sell there is a Buy...

"Rk, you're the one who's literally just quoted that there's going to be a sale"

Where did I say that? I repeat...takeover BID or BATTLE or AUCTION.

And thats a FACT.

Irwin has actually said it. Or can't you be bothered to read what others post?

Orthern...you're getting sucked in to Stackhigh's idiocy...

The current SP is irrelevant to the ultimate takeover price.

Do you actually have any specific experience on which to base that? Because I have.

It doesn't work in multiples...at the end of gthe day the exit takeover price will be the maximum that the winning bidder is prepared to pay.

Now my opinion is that this will be no lower than the minimum NPV price that DC put on it, i.e. 78p.

It basically comes down to what value the successful bidder will put on Cascabel plus something in addition for the other prospects, especially Porvenir.

And a key factor may be their projection of the copper price...Goldman Sachs say it could be as high as $20,000/tonne compared to the current $8,000...

The thing is, Stack...either you haven't bothered to read all the multiple tweets, posts, articles, etc stating that there is a takeover coming (such as Warren Irwin who wons 5% of CGP's shares and is very closely connected with the CGP Board, including Bob Sangha who owns 20% of CGP...

Or you think they are rubbish, deluded or lying...

And by the way I don't believe I've ever said 'sale', rather referring to takeobver 'bid(s)' or 'battle'...

I repeat...there are no facts about a bid having been made because either the Board hss to issue an RNS saying it has "receiuved an approach which may lead to a bid' or...if it is a hostile bid, the predator would announce it to the market.

So of course you'll always be right until one of those happens, but it doesn't make us wrong in saying there is a bid/battle coming...

Are you lowtrawler? Or just a poor imitation of Quady...?

anon...the facts are:

Theres going to be a takeover battle soon...

And you won't read about it in a RNS until it starts.

Some of us actually know more than stackhigh who does no research and posts opinions as if they are facts.

Got it.

Now thats just ignorant and stupid.

Why don't you just go back little man and read the masses of research I've posted on here...

Do you do any research at all or do you just post bluster...

Major mining companies only make money if there is ore to mine...

Share prices are discounted on future revenues for many years ahead...

So try these...

"In October, a surge in metal orders from warehouses in Europe saw the LME inventories plunge by as much as 89%, to its lowest in 47 years."

"Meanwhile, S&P Global Market Intelligence predicts that due to a shortage of projects, copper supply will lag demand starting in the long term, putting our climate goals in serious doubt."

"Diminishing supply from currently operating mines, combined with the projected increase in demand for copper concentrate over 2021-2030, would result in a 3.85Mt production shortfall in 2025, S&P Global estimates."

"Higher copper prices would also reflect years of underinvestment within the mining industry dating back to the 2000s, leading to a lack of new projects and a stagnant metal supply.

Dwindling copper reserves and lower ore grades at some of the world’s largest mines also mean that a new deposit would just be replacing the existing output..."

"Over 200 copper mines are expected to run out of ore before 2035, with not enough new mines in the pipeline to take their place, CRU estimates.

Some of the largest copper mines are seeing their reserves dwindle; they are having to dramatically slow production due to major capital-intensive projects to move operations from open pit to underground."

https://aheadoftheherd.com/copper-boom-likely-to-last-for-decades-prompting-a-global-hunt-for-new-supply/

Stack this is typical of your uninformed rubbish...

"The structural deficit of copper is predicted by banks, but majors know their assets and timelines. They want a slight shortage to boost prices. Hence no rush. :)"

Theres a 200m tonne deficit but the copper price is languishing lower than it was 2 years ago, nearly 30% below its high for the year...and its going nowhere...

Do you spend hours making this stuff up...?

Stackhigh...you fill your posts with categorical statements that read like facts, about things you know little or nothing.

And yet you rubbish us for saying a bid(s) is coming.

Frankly you have no credibility...

You reappeared on here about a month ago, since when you have gone out of your way to annoy people or downright attack them...

Why don't you just go away again...you add nothing.

So does it also mean you wouldn't buy more shares until a RNS was released saying

"The Board has received an approach which may lead to a bid..." and the SP is already 30p...

Or SOLG announces a formal bid of 45p from XXX and the SP is already 50p...

Seriously...?

So does that mean you were holding for the PFS2 and the Porvenir PEA before any RNS on either was released?

So you must hold no shares? And you buy or sell after each RNS...?

So what did you do when AS resigned...when DC was sacked...etc etc...?

So let's be clear copperpot...you're saying dont buy any more SOLG shares...?

If you are holding, why would you deramp...?

Are you offering some sort of Public Service to destitute investors...?

CGP down to $3.85

SOLG still 29.5 (=18.59)