Member Info for mattlilly

13 month SUPPORT...sorry...

Meanwhile looks like JPM may be starting to close their gold and silver shorts...

For the benefit of many friends on here I sincerely hope SOLG holds its 13 month short at the close today.

Some might think that puzzling but as I said I've loaded ups with GPM and ATYM instead...gold and silver flying...copper recovering...

Asimo I doubt that SOLG would have described a 'failed' fundraise.

The attempt was made by a new source. It failed. The new source walked away. I believe existing advisors and maybe even investors insisted that SOLG clear the decks with this mornings RNS...

Very good Fort...thank you for what you make clear are your opinions...I will watch with interest to see what happens.

In the meantime, please name the 'BHP stooges' you have come across on here in your 7 weeks of being a member...

You may be right Fortissimo about the AGM resolutions, I can't remember, but if that was so, why are BSC publicly complaining about being excluded from the attempted fund raise...?

Fortissimo, olease state your source for these 'facts that you state:

"there was no failed fundraiser"

" And it wasn't this week."...that rather contradicts the first statement...

"I know for a fact that BHP and NCM want a greater slice via equity so can tell you now that they would not have passed it up."......How do you know and if there was no attempted fundraise how could they pass it up. Berry Street Capital are hinting that they were offered it...

"the likes of Boliden and Franco are known to be interested too."

Speculation...and that isn't an equity fund raise...did you see the earlier comments about how much the Franco deal is already costing us...and a streaming deal would seriously pee off BHP...

Meanwhile, I'm not decamping, I'm staying put and seeking to pass on the 'facts' that I get without breaking confidences...

I'm sorry you resent my involvement here. My investment decisions are my own responsibility and as I've said more than once today I would be delighted to be wrong after all these years...
"

Mooen made 52 off 18 balls...hope you see something similar and can celebrate with a bottle of red...

Fortissimo. I am quoting fact. And I have had it endorsed from other sources.

And I am also in direct contact with the person you name, who is giving nothing away

You've been here five minutes and you know everything. Unless you are Darryl or Nick you are posting opinion dressed up as fact.

Lets not argue.

To repeat...even BSC endorse what I have stated:

"In our view, the Company’s latest attempt to fund raise unfortunately only demonstrates the Management and the Board’s lack of understanding of 1) their shareholder base and 2) the basic mechanics of capital markets."

"the Company’s latest attempt to fund raise..."

Now how does that square with your assertion "there was no failed fundraiser..."

You're not Quady under another pseudonym are you...?

I don't see how Woody...

What is there in the RNS to prompt a response from BSC?

"In addition to the cash position of approximately US$26m as at 30 June 2022, SolGold continues to consider, and has had discussions with its major shareholders regarding possible financing structures and options to obtain funding to further progress the Cascabel development, including a potential equity raise."

On the other hand, BSC's letter was a few hours after the SOLG RNS as far as I can see...

The failed fundraise is common knowledge in the City. Connections will have alerted BSC and once again they have felt their nose pushed out of joint.

But I remain convinced that BSC are seeking to trigger a bid, to which there would be an immediate response and then possibly a bidding war a la Noront.

SOLG have a lot of digging to get out of this mess, unless DC's Machiavellian plan was for this to happen all along...options...massive performance package...high office in BHP as a reward...

I do Lunch...a City contact through LinkedIn...

Tea break DBW?Did you watch Bairstow and Ali smash it out of the park...?

That is my understanding addickt...which is what Nick did a couple of years ago and it backfired then...

I suspect Darryl wanted to put his mark on the funding and it backfired.

Oh and BTW the failed fundraising was this week...hence the hurried and inept RNS...

Don't be daft Damers...I'm a tiny private investor and I doubt if all of us on here collectively could impact the SP materially.

I'm simply posting what I know and what I see...

I still have a holding and surely you can work out that I am exhorting the company to do a fundraise at whatever price they can get so that we can bottom out and the SP can march forwards and never again look back...

In the meantime I have reinvested all the proceeds in GPM and ATYM, one as a hedge against the market in general and the other because it is a ridiculously undervalued copper miner that was paying 11% at my buy price, so that seems to be a good alternate to SOLG until the price stabilises.

I would be happy if it stabilised at the current SP but I would not be confident that we wouldn't have a further fallback before surging forward...

Unless there is a bid...

Hope this helps...

I think it would be unwiser to give BSC oxygen and credibility Woody...

It was unwise and unprofessional in October 2021, so please not now.

Why are PIs buying now rather than waiting for the cash raise and aftermath...?

Do you mean Fortescue or AA...?

;-)

Sold another 500k SOLG into ATYM this am...

Well we certainly have an active market of two way buying by small investors today...

Lets see what tomorrow brings...

I bought First Tin yesterday Bob...worth researching...tin is even more precious than copper...it is a critical element in the solder that is used in every electronic device and if you think there is a dearth if copper just look at the numbers on tin.

I've also bought on the strength of Ingo having joined as a NED just before the IPO.

Or he disagreed with what turned out to be a failed fundraising with an untried source...

I left my plc because the CEO disagreed with my exhortation that we should sell all our commercial assets. The Board took his side and I had to exercise all my options and sell the total shareholding...

2 years later the company was bust...luckily that won't happen here...

Ingo was recruited to fund Alpala; as CFO he became the lead on institutional investor engagement/investment and City relations. He travelled for months on 'roadshows' and deserves our thanks. Instead looks like he and Lisa got short shrift.