Member Info for mattlilly

Again...

Damers...why would Twigger very publicly call out BHP and then appoint a BHP stooge as you imply...?

Just watching Darryl respond to Slug's excellent question

"Given that there is no precedent whatsoever for Junior explorers to develop a Tier 1 asset, what therefore is the probability that you will joint venture for Cascabel, or there would be an outright bid for the company?

"We're open to acquisitions in part, in whole or whatever is in the3 best interests of our shareholders...Plan A begets Plan B...we'll always be open for a Plan B..."

(Plan A is to develop Cascabel; Plan B is as above).

DBW's question was about Regional Exploration

"Good results from drilling no longer move the share price...PFS is the number one priority...(Omicron) meant we weren't able to keep our drill rigs going, so we took the opportunity to pause, collect all the information we've got to date and look at our exploration...we'll give an update on that after we've released the PFS..more likely to be in Q3 this year...."

So the key reason there are no drill results is that drilling has been affected by COVID and so they've paused the results process.

And the core strategy is to move forward to develop Cascabel, using that as a model the market can see can be ported to the other Exploration targets...

DBW also asked if drilling has recommenced at RIO?

"No it hasn't...we paused it because of the impact of the virus..."

Finally "why is the share price stagnant?"

Investors want to see the PFS...so that we can demonstrate that we can move from explorer to developer/builder/operator...thats why PFS is absolutely Q2.

Have a good weekend all...

"Early-stage results from the Company’s regional exploration programmes are testament to this approach following the discovery of significant copper-gold mineralisation at surface at the Cacharposa porphyry copper-gold target at Porvenir as well as discovery of significant geochemical and geophysical hallmarks of large porphyry systems identified at several project areas, including the Rio Amarillo and Cisne Loja projects."

and

"Drilling will continue at the Porvenir and Rio Amarillo projects."

and

"Drilling of the second hole at Varela was completed, assay results pending, and drilling of hole 3 was stopped at 534.55m due to the Covid-19 related temporary suspension of field operations in January 2022 to minimise the spread of infections. 3,743m of drilling was completed at Varela to date."

and

"The regional exploration programme in Ecuador will continue reconnaissance and follow-up field programs, as well as
continuing to advance the Porvenir and Rio Amarillo projects."

Thanks again Damers...CWR and ITM looking good...end

Thanks soft rock

You make some interesting points Lunch...

Maybe Darryl is distancing himself from the Mather 'shock and ore' approach...

I have never had any doubt that the delays on PFS were not just about Tandy, but about all the production and technical tweaks that could make the project more commercial/economic/financeable...

I thought it was interesting that there is no mention of Tandy on page 13 of the presentation, despite us being led to believe that open pit mining there would enable a fast start for the Cascabel project...

Given the excitement and drilling results for the other projects in the past, I too find the reference solely to Porvenir (next cab off the rank) and not RIO, beyond its appearance in a list, to be puzzling.

Surely we weren't sold a pup by Nick...so I'm still drawn to the view that any sexy results have been held up by lab delays due to COVID< will be RNSed separately and may even be held up as part of a bid defence.

In summary, based on Darryl's pronouncements so far and the stripped down presentation, I suspect this is an open invitation to put up or shut up for prospective bidders for Cascabel or the whole ball of wax and/or Porvenir may well be prepped for IPO or separate sale or JV through the Green Rock stable (which includes Porvenir, Cisne Loja and Sharug)...

In the December 2021 presentation, Porvenir, Rio Amarillo, Sharug and Cisne Loja were specifically delineated as 'Priority Projects'.

This highlighting has been removed from the Feb 2022 presentation...what's the significance of this...with only Porvenir singled out. You could understand Darryl demanding a sharper focus rather than a scattergun approach, but why is he suddenly playing his cards close to his chest?

Colonel I sold them at 16.15 and 16.24 on Wednesday.

I repeat...you can see the bargain details any time you want.

By last night I meant towards the market close.

Unless they're clearing the decks for Regional RNSs, this wont help the share price...

You're always welcome to your opinion sire...

If the Colonel was to 'private message' me through SOLG ADVFN I'd be delighted to show him my trades...

Sadly thats what's wrong with this country...miserable all the time, make bad decisions and then resent other people...

I could have been down 58% if I hadn't dumped them...

Don't let yourself down Colonel...

This is my day job...

You make a lot of money by not losing a lot and that takes constant vigilance...

I ducked a bullet last night I'll admit, but today's decisions were common sense, like lightening my very heavy load in SOLG despite my very bullish view...

I respect much of what you say but you sadly have a spiteful side that lets you down...

Actually Damers thats the other thing I did...

Doubled up in CWR at 500p, brought my average down to 516 and sold half again at 519...

"All ships rise and fall with the tide..." Some more than others....what a yoyo for POLY...down to 500 and back up to 700...tempted but far too risky...glad I bailed...lucky also to have bailed our joint account out of EVR at a small profit...now 58% below where we sold...

This has been a great opportunity to learn, reflect and take a more cautious approach...

Meanwhile SOLG and GPM have moved up nicely...

GLA

Not really addickt....its correlated got the gold price and...

Somebody's still accumulating...

Sold them all last night at an average of 1096...

Also sold FRES in the last half hour...

Reinvested the proceeds in JUP, DLG, MNG, PHNX and ABDN for an average yield of 8% and withdrew £23k for my new motor...

If I hadn't dumped them last night I would have been down £28,000 at one time today...

So took a long hard look and decided to invest for future income and buy a car...sleep easier at night...

Very happy to continue to hold 1050 SOLG between us...

Thanks for asking...only just catching up with posts...busy day researching...

Looks to me like three B&Bs late afternoon

50k at 27.2847 into 50k at 27,4

50k at 27.2106 into 27.41914

193,420 at 27.1501; 27.1542; 27.20 into 193,447 at 27.4...

Thanks again Damers...one swallow doesn't make a summer but they're both up 5% now...

Cheers mate

Thanks Damers....now hold both...

End of off topic...

Reduced the wife by the same proportion, i.e. 150k...

Into FRES and ITM...

So now collectively holding 1,050,000

There must be institutional or predatory buying in the background because the market has taken c450k shares without batting an eyelid...

Will sleep easier now...

I will say this...they are being gobbled up by the MMs...

Switched another 78k into POLY...leaving 700k...that'll do for now...