Member Info for mattlilly

Steady institutional buying post PFS now everyone is back at their desks...?

A bid...?

My contact has pointed me in the direction of the company's stated commitments, which I was able to find in the last MD&A

While Cash on hand was $58,405,359, Total net working capital was $63,672,827

H2 Capex for Cascabel is $24.56m

H2 Capex for Regionals is $11.88m

Licence commitments for the FCY 2022 are $6,366,389 so lets say $3.183 for H2 2022 (to June)

Admin costs for H1 2022 were $8.724. Financing costs net of Finance and other income were $6m

So...putting it all together, total cash outflows this HY can be estimated as:

$24.56 + 11.88 +3.18 +8.72 + 6.00 = $54.34

Which seems to leave Net working capital at June 30 as c$10m...

So in conclusion there is no need for a cash raise imminently but it would be prudent to do so before 30 June by which time the SP should be significantly higher.

"I reckon the market finds it hard to predict when a bid might come."

That statement augments Darryl's saying "we're open to it..."

Onwards and upwards...

He has previously said that his contact is a GAM at Hannam...

Presumably randgold...?

It looks to me like they've reposted a link to the same article...

Maybe trying to keep it in the public eye, but completely wasted on me...

Isn't that the same Mining Journal article that was published last Wednessday and has been reposted on here several times plus on Solgold's twitter feed yesterday...?

What we need is an authoritative new article or better still revised broker targets or analysts reports...starting with Hannam...the tame 'in house' analyst...(its where Ingo came from)...

Thanks Colonel...

Still bid for 100k...maybe Norges will pay up...

Sorry that was any size above 15k SHARES...

Delighted to have bought back in for the long term...

Managed to scrape together 55,315 at a 34.8p average...

Wasn't able to buy any size above £15k...ended up buying £2k at a time...luckily II charges £3.99 per bargain...

This has to be good news surely...? Especially as they will now take the whole lot off me for 34.5p...

Woken up after Easter week...? Onwards and upwards...

Looking better...how is L2 Colonel...

Looks like the guys with big boots are coming back...I can sell 164,000 at 28.05...

I'm sure Solgold ticks all these boxes thanks to our immensely able ESG Director

That should work in our favour going forward...

https://www.diggingforclimatechange.com/articles/juniors-in-financial-catch-22-on-esg-reporting?utm_campaign=MJ%20-%20CM%20-%20Digging%20for%20climate%20change%202021&utm_medium=email&_hsmi=210691026&_hsenc=p2ANqtz--TTQ7yTZbzzSKUyJvT2emv2gMPbyMXwKU_CNvHUOX2H1JXlMZbvH9dPyAg40We0UK3hdfQFMSQ4vp5CKgXrjRIYwdI3no2CX_MLQSYSg964rCSyJc&utm_content=210691026&utm_source=hs_email

Sound comment as usual Colonel...

And I've written to my contact on similar lines 10 minutes ago...

Lets see what happens...

One way or another we need resumed institutional buying as during the rise from 27.9 to 40.3 in 3 weeks (we're now back below that again...)

Not higher...but not far below...

ATYM, where we made our first big killing but has only one small producing mine with a life of only 13 years, has a higher MCap of £545m (cf SOLG £632m)...

Thats how lowly we are rated by the London markets right now...

https://www.mining-journal.com/copper-news/news/1430415/high-energy-prices-to-drive-up-atalaya’s-costs?utm_campaign=MJ%20-%20US%20-%20Top%203%20Free%20Articles%20-%202022&utm_medium=email&_hsmi=210140090&_hsenc=p2ANqtz-_Rt6hklWH5mu9tmWKbb0ZbjItohJyDDJC-Ce4pPSfjl2f4HrjPvWD-scQ8o6gNuXM9ulw3AJ_09D4lghHeVClXSU6Kf3N9ZuiIvbL1_JmIpoDsWNE&utm_content=210140090&utm_source=hs_email

SOLG is treading water...multitudes of small buys...

When are the big boys coming back in...or are the waiting for/participating in, an equity auction...?

A very good point Lunch.

I'm back and I've sold all our mainstream shares except Persimmon...

Very well done David.

Tricky decision when to buy back.

It may or may not help that I've broken my word and bought another 81,430 for Mrs at 27.85 (bargain timed at 09.58

Sincere best wishes

Thanks David...

The investments mentioned were all after the PFS...because I believe it derisked Alpala...

Still not seeing institutional buying...can't be long if they were chasing it up to 35p and beyond...

KEY POINT...no major holders selling...

Oh and we wont be buying any today...or this week...