Member Info for mattlilly

Iwill pass on all these good wishes, but...

He has not been fired, otherwise why is he on 'gardening leave's until September?

I guess his stint as CFO and with all the institutional investor roadshows and the various fundraising engagements to potentially fund Cascabel, his exposure has increased massively.

He is a talented professional who has been in the shop window.

With Darryl and Aytens appointments the locus has firmly moved to Brisbane (where BHP are based...Newcrest are in Melbourne).

I wouldn't blame him if he got an offer that allowed him and his family to stay in Europe or even Toronto, which is rapidly becoming the epicentre of mining finance...

So a company like Agnico Eagle, or Equinox Gold...he originally came from Hannam Partners and they're in London.

I will follow his career with interest and stay in touch because he is one of the good guys...and with integrity...

Nah....

141,701 at 25.75

Remember NM is toast in December...tick tock...

Just watched the Noosa presentation for the first time.

My interpretation from his statement on Solgold is a sale of Cascabel to a major, not the whole company...

My interpretation of the 'third party interest group' is the group of prospective J/V parties when the offer was opened up about 18 months ago...

Aye Wine Gum and that would explain no apparent hint of fundraising and a pause on drilling...

Still got till September to exercise them Lunch...fingers crossed for all of us...

Wow! Thats a big leap in assumptions wine gum

Be careful what is implied Lunch...

If there was any question of impropriety would the said person still be with the Company?

So I favour the positive view in your second line...

Cheers

He hasn't left...gardening leave...so could already have his next role...

From SOLG last week...

Still believe in the story but one has to trade on comparative advantage so...

Sold 200k at 26.28 at 13.04 and switched into ATYM at 278.70/75...

SOLG on 21 Feb 26.55...virtually unchanged...

ATYM on 21 Feb 440... now down 58%...

If ATYM return to equivalent parity there's a 63% gain on a share notionally yielding 10.6% in a stable economy.

If there's a bid for SOLG then ho hum but we still have a massive chunk but...

Based on past history we'll get back to 440 on ATYM before there's a bid for SOLG...

Anyhow thats the justification...

In an ideal world I'd be selling our entire ATYM holding back into SOLG at 25/26.

Its all about strategy.

SP down 3% since Ingo's announcement hit LinkedIn...

Could this be Ingo's next move...? CFO?

https://www.agnicoeagle.com/English/about-agnico/default.aspx

Sound thinking addickt...

1 More than likely as he is mainly Europe based. Keith and Elodie are London based, Maria is Ecuador and Kevin is Canada based. The 'corporate HQ' in Brisbane gives Nick even more influence...

2 Probably not the reason as his primary role was to fund Cascabel

3 Unlikely reason. They'll need a fund raise soon...looks like that might be Brisbane based...?

4 As I've always said...City/Institutional Investor management should be the primary role of a PLC CFO/GFD

5 Consequential rather than intended.

Conclusion...this company is very definitely being driven by Darryl now...but what's the end play...

PS Might explain why DC's appointment took so long...NM vetoed anything except a Brisbane based appointment...a 'coffee' relationship in one of Australasia' fastest growing business districts...

This asks fundamental questions...

Darryl, Ayten, Twigger, Clare all based in Brisbane...

OK so BHP are cancelling their London listing, but thats mainly because they had two 'parent' companies and it doesn't make sense anymore. 96% of investors supported their move.

https://www.smh.com.au/business/companies/the-time-is-right-australian-investors-back-bhp-s-move-home-20220120-p59pxc.html

In SOLG's case the worrying thing would be that assuming they maintain their London Listing, they will be more remote from their investors.

More worrying would be if they cancelled their London Listing because we would be offered ASX shares in exchange (a la BHP) which of course involves currency risk but more important would be ineligible for ISAs...

Toronto is the funding future however...lets hope there's a bid before any of this happens...if it does...

Just now on Linked In

"After 3 years at SolGold plc and 2 years before as an advisor, I am moving on. My role has moved to Brisbane and the strategy has evolved. I have deep gratitude to our investors, and I am convinced the excitement will continue. My last day at SolGold will be 5 September and I am actively exploring opportunities to take me forward to something new and exciting."

And yes...he was my 'friend'...

Hamo...the whole subject of copper/aluminium/graphene is fascinating...

It is well worth taking the time to read this article which suggests that the copper crunch is unavoidable, but in future CCA (copper clad aluminium), copper or aluminium infused with graphene, or....much further down the road, graphene 'wires' is the future...

https://hackaday.com/2021/09/30/the-coming-copper-shortage-aluminum-or-carbon-nanotubes-to-the-rescue/

But I'm absolutely certain that the copper price will recover fairly swiftly and that SOLG will be taken out well before we need to worry about graphene...

That is a very interesting observation DBW...

Barrick is a gold miner...second biggest by output and MCap behind Newmont, but...

At least 2 years ago Bristol said they must look at copper/gold porphyrys going forward and now he's saying copper is the place to be...

So do we know any company that has at least two and maybe several more Tier 1 copper/gold prospects...?

Who will make the first move, because this could become a feeding frenzy when the starters gun goes off...

(Sorry for the mixed metaphors...)

BNamericas: Cascabel is going to mark a before and after for Ecuadorian mining. How do you see the country's prospects in the medium and long term?

Taunton: The goal for Ecuador is to let companies work through the different stages of exploration to find another Cascabel, several Cascabels.

Geologists have no doubt that, in Ecuador, there is the same mineral wealth as in Peru, for example. Hence the importance of exploration with adequate times, to find minerals and move on to the next stage when technically it should be done and not to meet a date.

That is the way in which Ecuador can be one of the new copper producers.

Ecuador has great potential and, if minerals have not been found as in other countries, it is because the investment conditions have not been adequate.

Now is the moment of opening, because mining is an activity of high standards and that begins with the shareholders who fund our activity and who expect their money to be used with environmental care, complying with the laws and also benefiting the government and the communities.

BNamericas: Do you think now is the time to open the mining registry and that there will be enough interest from investors to bet on mining in Ecuador?

Taunton: Since the opening of the cadastre was mentioned, there has been interest from many investors.

I believe that the cadastre has to be opened very soon to satisfy the interest of third parties.

Ecuador needs foreign investment, because without it it cannot develop projects. Ecuador has no money, therefore it has to take advantage of the interest of foreign investors who today see the country in a positive light.

Opening the cadastre is a crucial element.