Member Info for mattlilly

Bought another 96,000...waiting for the FED...

Somethings got to be done...3.1/2 hours trading and 400k shares traded...

Yes but this time its true...

The delayed and delayed and delayed PFS has been a drag on the market for 3 years (Nick first promised it in 2019).

Now we have 'the next cab off the rank", Tandy, JVs, Regionals to look forward to...if the news ever comes...

But at the moment, with PFS out of the way, the market is EXPECTING a cash raise...so why not satisfy it...

After all there's solid underlying demand for shares (I'm firmly bid for 170,000 at 27.6 and it was there all day yesterday), there's just no sufficient supply...

Share price seems to be suggesting a raise...are we about to go through support at 27.7...?

Next stop could be solid support in the range 24/26....

Oops! Sorry, shouldn't have mentioned his name....sorry mate!

I have reflected and I agree with both of you, but I think it should be an equity raise, because it will be much easier to do at a respectable price with participation by BHP and NCM...

(But I wonder where CGP and DGR will get the cash from to ante up their corner...?)

So why has my thinking changed?

Its beyond doubt we'll need a raise before the end of June, so why wait?

On reflection I believe it would be best to go sooner rather than later and raise $50/60 million equity if possible.

This would then give the perception that we are fully funded to end 2022 for both Alpala and Regionals.

There is no doubt the market is expecting a raise sooner rather than later.

Assuming there is good institutional demand in London, Europe and North America that demand should be tapped now. There isn't sufficient liquidity in the market to satisfy all the demand that can be created by the roadshows, so do an issue. Its very hard to buy size as the poor volumes have shown recently.

Yes the SP might fall, but it would then establish a base from which it would rise because it then leaves the field open for a stream of only positive news.

What has changed my stance?

I am now convinced that there will be a market correction sooner rather than later. My worry is that if there is a market shock, it will not only become temporarily harder to raise funds, but more expensive also.

So, in conclusion, get the cash raise out of the way as soon as possible. Take as much as you can from the market at a price as close as possible to the market price. That will not only reassure actual and prospective shareholders that there are no cash worries for the foreseeable future, but also form a foundation for the SP to rise on progressively better news.

After all, barring a market shock, there are surely only positive surprises to come...

And no I DON'T think we should do a streaming deal right now. Whats the point of p*****g off NCM, let alone BHP? They will maintain the same proportion of equity while SOLG can take the opportunity to tap into even more prospective long term holders.

Finally, no I don't think there is a cat in hells chance of SOLG taking Alpala to production, but as Darryl said early on, they still need to be seen to be working towards that. This will not inhibit the possibility of a bid...rather enhance it...IMO.

I hope you don't mind my proposing this.

Good luck

Terry

I buy them through II who hold our ISA portfolios...

I'm not buying for yield, its just a safer way of holding cash than II's bank account or my Barclays account...

Its a 'short dated' Gilt, which minimises potential losses if yields rise and at worse, depending on when I want to reinvest, they mature in March 2023...

However, they currently yield 0.15%

Go to the UK Bonds tab and the ticker is TR23

Or you could buy TG22 (maturing in September or TY22 maturing in July...

Hope this helps...

I like LGEN...

These are the high yielders we were holding until 20 April (c0incidence....?)

ABDN, DLG, DEC, JUP, MNG, MONY, NG., PHNX, UU., VOD plus of course PSN and IMB which we still hold...

The plan was to reinvest our SOLG proceeds back into these...

Oh and of course our gold shares are there to hedge the markets...

A fair concern addickt, but....

In times of trouble cash is king...and interest rates are edging up though not fast enough yet...

Yes inflation is eroding the value of money and equities usually protect that to some degree, but I believe we are on the edge of a correction and if correct we shall see equities markedly lower...

I shall then buy yield, such as PSN and IMB which we already hold (yielding an average 10%)...

Pinning a lot on SOLG now...

Seriously worried about equities in general...

Between our portfolios we are now 60% in cash (Treasury 2023 Gilts) with the bulk of the rest in SOLG and GPM (Gold/silver)

US markets teetering on the edge

Russia is bust

China in trouble...Beijing now locked down

Already in stagflation

Markets unrealistically priced?

I would be interested in anyone else's thoughts...

A new SOLG week and business as usual...

18 green stripes in 25 posts...cant all be Quady...?

Oh dear...

20 green stripes out of 25 posts...

Time to switch off...

Oh dear...

Business as usual on here...

Your posts...excellent as usual...and 15 green stripes...

I look forward to the day when I can sell up and never have to 'meet' these people ever again...and they are just as bad over on AVDFN

Well done DBW...isn't this your day off...?

Should be good for SolGOLD...

But gold down over 1%...copper down to a 4 month low...

Equities tanking (lucky UK not open)...S&P to a 1 year low...

Could be a challenging week...

Those are entirely valid points Jerry and I think these huge numbers speak for themselves...

Hi brickroad...

The mistake I made was to forget that CGP own 15%...

However this still leaves the P/E ratio and P/CF ratios astonishingly low.

And remember, CGP has to pay 15% of the Capex....

The EBITDA and the cashflows are all pretax but net of everything except interest, depreciation and amortisation...and the latter two are paper items as far as cashflow is concerned...

Thank you for your comments and I hope this helps...

Whatever your own conclusions and despite the negatives you may read here and elsewhere, the only reasonable conclusion is that if anyone wants to take over SOLG they will have to pay very much more than 28.7p...

And the suggestion that BHP has an armlock is naive. I also believe that a BHP/NCM J/v...which would be unusual, might only work for Alpala.

And why would another major let them get away with that.

There's a price for everything and I repeatt my opinion that the price for SOLG will have to be between £1 and £2...

Enjoy your weekend.

You were right Colonel...

1,534,455 at 28.7...

Again more than 30% of the days turnover...

Sorry lunch...I thought I'd corrected that...its Cascabel...