Member Info for mattlilly

A couple of rags, not tags, or even bobtails...

Where has it ever been actually stated that BHP and NCM are working together, other than in a couple of tags?

Its assumed, but after the streaming deal they embarked on different paths. Biswas stated that they would hold SOLG shares as a strategic investment. If they planned to work in a strategic partnership with either SOLG or BHP to develop Cascabel, wouldn't they have kept their seat in the Board.

To my knowledge, neither Twigger nor Berry Street have ever 'called out' Newcrest, whereas both have criticised BHP publicly more than once.

I regard NCMs holding as a positive because they will demand a fair price for their holding. My guess has been a minimum of 75p.

If NCM and BHP were to jointly low ball SOLG so that BHP could end up owning it, it would bely NCMs apparent strategy.

And before you say Newcrest has the block caving capability, so do BHP.

I cannot possibly see NM and co letting us go cheap and they have the firepower to thwart BHP, maybe by supporting a counterbid from e.g. Sumitomo or Jinxiang...

How can one company call the shots with only 13.7% of the shares...Mather and co have much more than that...and do you think BlackRock, CGP and Norges would let them ?

5 trades in the first 90 minutes and 140k volume.is there a suspension coming with news of a bid approach...?.

Closed at 21.1 equivalent.....

They do bite...if you don't use repellent...and leave a spot that drives you mad and you try despeartely not to scratch...

Some people simply can't resist it...

There's a mozzy on the filter button...HIT IT NOW!

Are mosquitos dyslexic...?

Good question dbw...why are you...and for that matter, why is anyone...?

He craves an audience...is controversial to get attention...

DON'T FEED THE BEAST...take the needle out of your arms...hit the filter button...you know it makes sense...

Argiuments with Quady take up 20/25% of posts other than SLUG, etc...

The Industrial metals sector is down 0.3%

Copper is down 1%

Gold is down 2%

So I wonder why Solgold is down 24%...hmm...?

Seems like a long time ago since he said he would go away and stay away...

He sure loves an argument...

Still filtered...

https://www.miningnews.net/m-a/news/1437409/%E2%80%98m-in-mining-has-finally-begun%E2%80%99-jefferies

https://www.wsj.com/articles/bhps-oz-bid-could-signal-a-new-dawn-for-mining-m-a-11660054233

"BHP, however, is playing the long game: It appears to believe fears of a deep recession may have been overdone. It will be interesting to see if its rivals agree—if so, more bids for OZ could be in the offing....

With large miners generating strong free cash flow, commodity prices down, and the world’s long-term push toward decarbonization still intact...now might be a propitious time to take a look at new copper or battery metal assets on the cheap.

Anglo American, Teck Resources and Rio Tinto could be potential suitors, reckons Jon Mills, equity analyst at Morningstar—although none have made any public moves.

BHP and its peers have been cautious about acquisitions after overspending on megadeals during the last commodities boom a decade ago....But BHP’s pursuit of OZ is in line with its new strategy to expand in metals that will be needed for the green-energy transition. Copper is key to manufacturing of electric vehicles, wind turbines and solar farms...."

https://seekingalpha.com/article/4539131-bhp-group-m-and-a-optionality

"Last year, BHP tried to acquire Norton Resources, but then management decided to walk away. This time might be different. However, BHP's A$25 per share offer is already expensive on NPV calculation.....As we already mentioned, BHP might feel some pressure to move on with M&A targets after having reduced its coal division and on the way to exiting its oil segment...."

I agree woody except...

There is a MD&A every quarter and a Financial Report every six months plus a presentation usually updated every month or when Darren presents...

Of course the occasional RNS would help but Darryl has nailed his colours to Cascabel and Porvenir (which makes the Helipuerto reference even more puzzling)...

Cash conservation may explain the lack of drilling news.

The cash at the end of

The operating cash outflow for the three months to March 2022 was $2,323,771, thats c$800k per month but net receivables increased at at that date by $1.4 million

The operating cash outflow for the nine months to March 2022 was $9,174,948 or c$1 million a month.

The cash balance at 30 June was $26m having been $38,107, 804 at 31st March, having spent c$18m on exploration and evaluation activities (preumably mainly Cascabel). So obvioulsly they continued to spend on Cascabel and Porvenir, but with little more to come and presumably drilling activities reduced this explains why they can get through to the year end.

Its September 7...November is 8 weeks away...

Thats why I say do a modest raise NOW. Take the heat off, with PFS2 and Porvenir to come...

Industrial metals sector DOWN 1.8% today...SOLG UP 4.7% from today's low...and on better volume than yesterday...

To say SOLG is in a 'perilous' position is utterly risible...

We still have $20m and, with Norges bank piling up shares at c30p only weeks ago, do you honestly think a modest cash raise is impossible...?

This is a £400m company with much more than just a $3.8 billion asset...

The only 'peril' is the risk of a takeover...

Bring it on...now...!

Theres no point my trying to ramp the shares holding a mere 0.05% of the shares (i.e. 1/2000)

If you've followed me for six years or so you will underatnd that I am very positive by nature, although from time to time a state hard unpalatable facts to be realistic.

What I never post is doom and gloom...

So when I posted about the IDA consequences for funding Cascabel, it was mainly to point out the need for a gud raise sooner rather than later. I exhorted Ayten to do a rights issue much higher than this but it looks like she was overruled by the Board as it never happend...which is why we are talking about the need for a cash raise now.

But while we probably need $100m to run until the end of 2023, all we need now is enough to get through to calmer waters and thats more like $10/20m...

But in any case, as you will recall, I don't see SOLG getting past the end of December as an independent entity and the AGM is now only 12 weeks wawy...

And even if the person who suggested a 30p opening offer was right, it would get buried in counterbids...just look at Noront Resources...23 = 55 = 75 = 110...up 378% in less than a month...

If you're talking about me Tesla, our recentr buildback from 300k to 1.2m leaves us with an average cost of under 22p...

Whatmeworry...?

What I don't understand is what on earth makes the Board scared of BHP...?

Surely it could only be an attempted takeover....? If so yippee...p*ss them off...now!

Try this Bozi...

"(not) everything is hunky dory (but) we're well on the road to riches...

And our 1.2m shares say its only a matter of time..

As Mr Dow said:

"When everybody is buying like there is no tomorrow that is the time to sell and when people are jumping off the rooves, that is the time to buy..."

Markets are driven by fear...al the time...how many people panciked and sold good companies when we had the COVID 'bottom' and SOLG hit 1op only to be hitting 42p a mere 7 months later...

FOMO is what drove the Nasdaq and S&P to unsustainable levels even as it was crystal clear that inflation and a recession were on the way...

FOLO is what drives people to dump shares in desperation having failed to sell higher up and being worried about losing the lot.

The PFS shows that after 7 years the annual NET CASHFLOW will hit $1.4 BILLION...

Now who wouldn't want a slice of that at a time when China are quietly trying to corner the market in copper and gold...?

SM...what does this statement do other than risk trashing the share price...?

"SolGold has never seen times as perilous as they are now."