Member Info for mattlilly

Makes sense Jerry...

And there's still no material selling volume...

Buys 'apparently' massively outweighing sells today...

And at Diggers and Dealers Darryl specifically showed a picture of a rock core from Helipuerto and highlighted its proximity to proven resources...

I'm guessing that the 'failed' raise could have been a prospective $50m to see us towards DFS and turn those drill bits...

While Darryl's much sharper focus on 'the next cab off the rank' might have seemed sensible at the time, he looks pretty stupid now with no exciting news to prop/lift up the SP...

I wonder why BHP/NCM objected to the financing(s)...its pretty obvious now...just look at the SP...

Finally, don't be spooked if Blackrock issues a TR1 with a decreased holding...they have held this share at a loss for some time now and the only way they can make any return until the big payoff comes is to keep trading them at the margins with CFDs etc shorted netted off against their core holding...

Last two times we bought at 18p or so the SP doubled...

Here's hoping...

Too early Woody...

Meanwhile bought another 106453 at 18.32p...

Now back up to a collective 1.1 million...

Remember Darryl was issued with 4 million options at 29.2p; 3 million at 35p; and 3 million at 50p on 5 July when the SP was 25.5p having been 35p only a fortnight earlier...

These options are now underwater by a total of almost £2 million...oh dearie me...

https://www.kitco.com/news/2022-09-01/-As-cheap-as-I-ve-ever-seen-them-Rick-Rule-on-beaten-up-resource-stocks.html

"The beaten up precious metal space has compelling valuation, said Rule.

Gold stocks relative to their net present value at current gold prices are as cheap as I've ever seen them in my career."

If you take out the COVID BLIP we pretty much touched a 6 year low today since the time of NCM's first major foray into SOLG helped propel the SP from 6p to 46p in 9 months...

And remember we've still got Porvenir and PFS2 to come...must be soon...

10 to 20 million eases the short term cash worries and gets us through the AGM...if we get that far...

If it goes ahead you could be left with just MAA and EG on the Board and then watch the vultures fight over our corpse at 50, 75, 100 or even 125...

Several people have said in the past that this share can't be shorted and certainly if you search on Ortex I couldn't find any shorts for SOLG...

However, that takes no account of CFDs, IG Index, etc....

We are perplexed because the SP is going down despite none of us selling and as somebody pointed out, during days where apparently there were more buys and sells...and a day where there was an over 2 million share UT at 19.9p...assuming that was a net buy to settle that makes no apparent sense, so...

Supposing in a general bear market, with no news and all the incompetence of the last few months, 'shooters' were hammering SOLG...this suits BHP or anyone else if they are either a prospective participant in a Rights Issue or if they have a predatory interest...

And surely a way could be found for 'friends' of BHP to 'short the shares as well...or the Chinese, for example...they don't care about anything other than their own self interest...

So if my suspicions are correct, if there was either or both a sharp correction in markets in general, to a piece of news even as simple as Valuestone buying $10m and short term money worries ameliorated, a spike in the SP could become pretty sharp if 'shorters' closed in droves...

This company is the same company as it was when Norge were buying like there was no tomorrow at 30p or more, except there's a few million less in the petty cash and they've lost IH, AS, KM and JW...

All opinions welcome...

I was thinking while I was away, that a modest 'placing' could do the trick...

Say another $10 million to Valuestone...they paid over the odds last time...or Norge....they were buying at 32p...

This would get us another 3 months, i.e. close to Easter and maybe into calmer stock market waters when a raise could b e done at a significantly higher price...

But right now, I suspect that if BHP offered NCM, Norge, and Blackrock 75p they would bite their hand off...

Then it would simply come down to whether there was a countered by someone with large cojones, such as Jinxiang, with the final price paid by a global major such as BHP, Blackrock, Glencore, of say £125p...

She resigned...

Sorry that 19.5...not 20.5...MMs arent a charity...half asleep when I posted...

Bought anotherc300k plus at c20.5 average...come on BHP...,!

"I don't see NCM as being a copper player...."

So why do you think NCM got involved in the first place...?

This announcement a few weeks ago was really embarrassing...Newcrest withdrawing after CGP had spent more than required...$2.6m sunk cost...added to NCM's declining to increase their involvement in Havieron, does this imply they are cutting back because of their recent disappointing results, or in preparation for doing something at Cascabel or simply rationalising their portfolio and would they bite BHP's hand off at 75p as a precursor to a bid...?

https://www.marketscreener.com/quote/stock/CORNERSTONE-CAPITAL-RESOU-61956577/news/Cornerstone-Capital-Resources-22-19-Newcrest-withdraws-from-Option-and-Farm-in-Agreement-for-the-41341480/

If NCM had signed the agreement they would have potentially been committed to investing at least $110m CDN. That now won't happen...

Meanwhile the CGP SP is languishing at a 27 month low of $3.05...and they had net current assets of $3.3m at June 30...this is despite Brooke Macdonald saying in a recent AFR article that he expects them to be taken over by the end of 2022...

Their stake in ENSA is valued at $156.9m CDN which would out the value of the whole of ENSA at c$1 billion (£650 million) compared to SOLGs current MCap of £508 million...the ENSA valuation carries an inferred deferred tax liability of $43.9m CDN...

And to remind you, "Cornerstones' intention is to monetise its interest in Cascabel" (BEFORE the completion of the 'Feasibility Study'....

That fits in with the suggestion that CGP will be sold and also the suggestion in the media that NCM/BHP were working on a proposal to buy Cascabel...

Finally they have decided NOT to recognise any carrying contingency for their spending on the construction of Cascabel until the DFS is complete...I find it hard to understand how they've got away with that, because at 31 December it was over $40 million and as well as not recognising this significant contingency they have also failed to value the prospective loss if they have to cede their 15% interest in Cascabel for $3.5m (current value $156 million...)

So all in all the only possible conclusion is that CGP expect EITHER that there will be a takeover of SOLG or that ENSA will be sold (i.e. it is their INTENTION to monetise Cascabel BEFORE the DFS is completed)...

Interesting...all comments welcome as usual...

addickt...why don't you desist...you seem just as determined that you are right (and we know you are), but these are pointless exchanges...

I wouldn't want you to have a heart attack mate...she's not worth it...

Copper through $3.73 resistance...keeps testing $3.76...$3.80 is major resistance then we're on our way to $4.00 next major resistance...

https://seekingalpha.com/news/3877008-copper-extends-gains-chinas-energy-shortage-could-boost-demand?mailingid=28855105&messageid=2900&serial=28855105.10582&source=email_2900&utm_campaign=rta-stock-news&utm_content=link-1&utm_medium=email&utm_source=seeking_alpha&utm_term=28855105.10582

I'm sure Quady will respond eventually but in the meantime the RNSs on 28th July and 1 August were 'cleansing statements'

I'm not sure whether Q understands what those are, but basically because potential investors were approached for firm interest in a fund raise (which appears to have been a 'cashbox', their ability to trade in Solgold shares was suspended.

The two 'cleansing statements' released them to be able to trade again and this proves there was an attempted fundraise.

This was also confirmed in the attached AFR article which most in here have read, which refers specifically to the failed attempt by Barrenjoey to lead a fundraise...

https://www.afr.com/rear-window/s-all-not-well-at-solgold-20220814-p5b9p0

The trouble is, Quady thinks the sun shines out of Solgold's proverbial and refuses to accept that they need a fundraise no later than January, to get them through the preparation of the DFS and any drilling they want to do...

He has to believe there was no failed fundraise, because that puts his darling project at risk and increases the likelihood of a takeover bid(s), which would mean that Solgold DOES NOT take Alpala to production...

Anyhow I'll stop there and I'm sure somebody will reveal what inanity he posts in response...

Quady...still filtered I'm afraid, but...

Although you say you are dyslexic, presumably you can read the official statement from Berry Street Capital dated July 28 and published on THE LONDON STOCK EXCHANGE website...

"In our view, the Company’s latest attempt to fund raise..."

https://www.rns-pdf.londonstockexchange.com/rns/0991U_1-2022-7-28.pdf

So how can you continue to deny there was an attempted fundraise...?