Member Info for mattlilly

I have to agree Bozi

I don't in any way detract from my comments on the ineptness of management and the Board on so many fronts...

A new CEO who so far has shown himself to be way out of his depth...so why would Nick appoint him...?

But...

Gold is at a 30 month low; copper is close to a 2 year low...the pound is virtually at parity with the dollar...the global economy is in a dreadful mess...and people are cash poor and risk averse...

Meanwhile Junior miners are at rock bottom yet we keep being told we are on the cusp of a Junior M&A feeding frenzy...

But why should predators rush to buy with prices continuing to tank...

When this mining mayhem turns...convincingly...watch the feeding frenzy start...

Yes SOLG is rock bottom....if you leave out the COVID blip, iuts at a near 5 year low. And thats despite the assets still in the gorund, including propspects which have not been explored properly or at all...

As you know, I hold ATYM, which has fallen from 448p to 205p in seven months...thats 55%, despite the fact that the prime reasons are copper prices and energy costs, but they are on a prospective yield of 14.3% when this current crisis unfolds.

Meanwhile, SOLG is down 38% over the same period...yes the price peaked at over 40p in April, but that was specifically based on the PFS update...

GGP is down 63% in a year and 41% in two months...

All of these prospective miners have specific factors that affect the SP from time to time but nobody can bucj the market.

There has been no real buying, NOR selling for weeks, because there is no news in a weak market and people have become preoccupied with the need for funds...

In the next several weeks we have PFS 2 and the Porvenir PEA and we still haven't heard about prospective J/Vs on the lesser prospects, which get talked up all the time...

I believe that even if the market stays flat, news will bounce this SP in the next few weeks and at the very least a modest fund raise can be done to take us through to calmer waters where further funds may be easier.

In the meantime I repeat, we are on the cusp of a Junior miner feeding frenzy, especially in critical minerals, with prospective interest well beyond mining giants, to include smelting companies like Boliden and Jingxi, streaming royalty companies like FNV, WPM, Trafigura; GLEN, etc. and even manufacturers lokking to secure lithium, nickel and REMs...

Finally, for almost 2 years there have been published bid rumours and the risk to the Board is that these become fulfilled before they can do any of the above and certainly before or immediately after the AGM...

BHP is NOT the only game in town...just look at the list of major miners alreayd knee deep in Ecuador, including the owners of Warintza...

This post is not a ramp. It is designed to reassure people like me who are hurting badly (down £80k even at our 'traded' average cost.

But I still believe that this share will make a third fortune for us...and soon....

Actually it includes a very much revised presentation, but adds nothing...

Meanwhile the website is still advertising last week's Denver conference...

Who's at the wheel...apparently minor errors indicate that people have lost their motivatiobn...

Seems ironic that in the final picture, about communication, six people are looking at their phones or talking to each other while the presenter is talking...

Ouch!

I agree Steven...perverse or not, there is a correlation between the SOLG SP and POG....

I think its unfortunate that, because nothing is happening with Solgold, that we are having a discussion about UK politicoeconomics...

However...

I would FAR rather have that than the constant pugilism between a score of posters and Quady/Ray...

In the past 3 months, BHP and ANTO are down 11%...

SOLG is down 50%...

How about a Solaris/Solgold partnership for Warintza/Helipuerto...or even an outright sale...?

https://www.solarisresources.com/company/company-profile/

"Solaris is managed by the Augusta Group, which boasts an unrivaled track record of value creation totaling over C$4.5B in exit transactions over the last decade, and has strategic partnerships with the leading entrepreneurs in the mining sector."

https://www.solarisresources.com/projects/warintza/

I wouldn't want to be out of this over the weekend...or the next week or so...

At this pri ce and with no news, it might go lower, but nobody much is selling...

Lets see...

DBW you're a genius...that works for me...but you left out the wild card...

Gina Rinehart...

Thats better. Thanks guys!

The volume continues to be abysmal...

The GGP share price may be half SOLg's but they have volume over 5 million today compared to our 200k or so...

However, this means that, while nobody is buying, nobody is selling either.

The only problem being the MMs constantly marking this down to stimulate business.

There is an eerie silence. It could mean incompetence, or it could portend news...please...any news...not just the MD&A...

Announcing a plan gto IPO Cascabel...or even Porvenir. (Green Rock Resources) ..would light a fire under the shares...especially if it incited BHP to action...

If you haven't already, might be a good idea to open an account on ADVFN Free BB, ready for the time when Quady, Massive and otghers finally kill this Board off...

Hallelujah Italian!

Very interesting article reflecting opinions from elsewhere, including copper putting in a bottom of maybe $1600/1660 before the inevitable boom to $15,000 and beyond...

And remember we are a copper/god play with, in my opinion, a degree of correl;ation with the gold price, hence SolGOLD...

Othere articles:

https://www.kitco.com/news/2022-09-21/Copper-s-price-will-more-than-double-due-to-elevated-demand-and-green-technology-Rob-McEwen.html

https://www.kitco.com/news/2022-09-20/Russia-s-new-gold-exchange-could-challenge-LBMA-and-reveal-gold-s-fair-price-Matthew-Piepenburg.html

https://www.kitco.com/news/2022-09-21/-There-is-nowhere-to-hide-Steve-de-Jong-on-why-this-market-pullback-is-different.html

If theres a takeover, Darryl's bonuses will be pretty obscene for what he's done so far...

Fawzi is travelling until 28 September...

I wonder if he's going to London...?

CGP and DGR both sitting at 2.1/2 year lows...not surorising as SOLG is also...

Intertwined fortunes, so why aren't Nick, Brooke and Warren more worried...?

It doesn't make NCM/BHP stronger if you do a Rights Issue, a Placing or a Royalty deal...

Unless you place with either or both or a rights issue is undersubnscribed and they pick up more shares...

But a $20m issue would make no material difference...