Member Info for mattlilly

Bm3121uk

That was an unnecessarily long and unhelpful response.

I now have no contacts within the company except Fawzi.

My reference was simply that he has lost that amount of money on paper sincew April.

Of course I myself haven't lost any money in cash until I sell and nor has he...

I will judge NM and any proposals on their merits when the appropriate time comes.

I have no inside information...

I just join up the dots of the facts and form an opinion

You know what...?

Gold is down 3% in 24 hours of trading;

Copper is meandering around $3.40 ($7500/tonne)...

But the SP refuses to lie down...

Having seen what happened with Noront...

Any takeover of SOLG will value the business on what the successful bidder has to pay to get the whole ball of wax...

23c to 110c in a matter of weeks...

Furthermore, any major who wants a strategic foothold in Ecuador OR one that already has a footprint, would pay more than you think to get Cascabel (in advance of a structural deficit in the copper market and with at least a 55 year flow of copper, gold and silver...), Porvenir, the other mak=jor projects and even the lesser projects with the resource to srill and assay them properly in a mining jurisdiction which could come to rival or even eclipse Chile, Peru, Brazil, etc...

Honestly...?

Nothing...why would a major be interested in 15% of ENSA with no control over direction and required to contribute to the costs to develop...makes no sense...

But by a similar token you want 100% of ENSA because of gthe nuisance factor of a minority holder, so...

I believe SOLG and ENSA are collectiveluy greater than the sum of the parts, but only when realised...and that is either when Cascabel is in full production or one of many potential suitors buy the lot...

Franco paid $100m becuase 85% controls the entire project, hence CGP's requirement to contribute their proportionate share...

You cannot be serious Colonel...

If that is true, why hasn't the SOLG SP gone up by 150% (the amlount necessary to recoup Nick's losses....?

And do you mean by sale of ENSA or development of Cascabel...?

If the latter he'll have to wait 10 years to start to get a return with massive dilution in the meantime to fund the project, even if its through part Convertibles...

Mark my words...the only think that makes sens of him supporting this deal is if it stimulates a takeover battle...

Simples...

Willem Middelkoop is the guy to follow, as well Irwin, (although not his personal Twitter feed as its full of Ukraine stuff), because his Commodity Discovery Fund (basically him) owns a significant stake in CGP and he is trumpeting/supporting the deal on Twitter...

https://twitter.com/CommodityFund

https://en.cdfund.com/

"In June, 2021 the various parties ended a standoff over the direction of the project that saw SolGold’s then-CEO leave but an agreement reached to jointly advance the project."

Not quitew correct...

It stands to reason medar...

1 At Noosa he said Solgold had been acquired to be sold

2 Neither he nore DGR have complained or even commented on the price collapse in SOLG, despiet losing £10s of millions on paper...

3 He must be supporting the merger otherwise with NM/DGR/Tenstar/BHP/NCM it wouldn't stand a chance of goiung through

4 His, DGR and Tenstar holdings are being diluted by 18% by the merger...

Now who would allow all that to go through if they didn't know something none of us know...?

Stands to reason...

PLUS...if nothing else happened he would lose his seat on the Board at the AGM...

Surely if you were BHP you would buy SOLG first and then theres no point in anyone else buying CGP except to be a nusance...

Although the other point still stands...

NM/Tenstar/DGR have a collective £70 million loss since April, but they are happy to sign up for a 18% dilution...

Given Nick\s comments 2/3 years ago, must be a helluva deal coming down the road...

It was an oversimplification...I stand corrected, but you've also missed the SOLG shares that CGP hold...

Over to you...

I was referring to the last AGM, which his quote preceded...

I'm wondering if part of the plan here is to have the CGP merger mechanics delay the AGM until January or beyond...?

So what short interest is Ortex showing smickster...?

If I was going to short them I'd do it through IG index or similar, not selling the shares short...

Colonel...I say again...why would BR want the price capped...they are running a hige loss and their investment is spread over something like 30 separate funds...?

Monte...after what happened with the oil industry and the burdens of the 'Belt and Road' initiative, I doub t that the Ecuadorians will want the Chinese monety...

Franco don't do smelting and mainly do gold...

"Franco-Nevada Corporation is the leading gold-focused royalty and streaming company. We do not operate mines, develop projects or conduct exploration. Instead, we own and continue to grow a large, diversified portfolio of royalties and streams."

Boliden and Jiangxi do smelting...

BTW its not 20% its 16.67%...I've made the same mistake, but it still leaves BHP/NCM at c11.5/11.3, but...

Nobody has mentioned that it reduces NM/DGR/Tenstar by 16.67% as well...

So they must know something we don't know and I'm now certain its NOT to develop Cascabel...

Its 10.8/10.7% of 100%...

If you factor in the 6.8% SOLG might be holding in Treasury, it comes down to an effetcive 10% or so, each...

"The intention of your Board is not to maintain its incumbency, but rather to ensure a re-rating of your Company is achieved without compromising corporate governance best practice. "

Double speak...corporate governance best practice is to put the entire Board up for re-election....

Clearly he feared the majority of the shareholders basically giving a vote of no confidence...

Now there's an interesting contemporary idea...