Member Info for mattlilly

Oh and just in case anyone is worried about my sale yesterday, it is a short term trade and I will realise POLY and return to SOLG within a finite time, whether or not I have made a profit on the trade.

My wife has sold none of hers.

I remain "Strongly" Bullish, which is why I have ticked 'Strong Buy' for years.

Things take time...POLY may well pay a 5% dividend next week anyhow, so lets see.

But to repeat...God willing I will be back to 1 million soon .

PS the email I received this morning was so positive that I momentarily considered reversing the trade, but there are other factors at play so `i hope to be back in soon.

Thanks

I've received a very strong endorsement of DC from my contact.

DC is strongly results and target driven.

PFS WILL be on time and will excite the market.

Reading between the lines, Cascabel will be built by the best people to do it, I.e all options are open...

Thanks for that BNC...

A better interview for me...

I'm impressed with how quickly he's picked up the gun on copper mining and the copper market...

There was an odd contradiction towards the end though...

He said/implied that Porvenir could get into production quicker than Cascabel because it would be a surface mine, but when asked about equipment shortages in mining he said it wouldn't be a problem for an underground mine...

So which is it to be Darryl...

He wouldn't commit himself on the other prospects.

He said they're planning to prepare a prospectus for a 'shelf' listing in Toronto...it would be smart to issue stock at the same time...

I'm guessing he means a Dual Listing as below

I'm wondering if they will need a CFO appointed first...?

Here is SOLG's original listing

https://tsx.com/news/new-company-listings?id=707

Finally he said he'd met CGP, Newcrest and BHP in his first few days of tenure...

Sorry zoros, but having thought you had improved, I'm putting you back on filter...

Why don't you save your criticism for all the people who trash this board with irrelevant and even nasty stuff.

I'm simply being honest, because loads of people know we have a very large holding.

At least I'm posting on Solgold, not COVID, the Ukraine or worse...

I'm not cross ramping...

After criticism in the past I committed to letting people know if I traded any shares, especially having not done so for many months...

If I'd simply said I had sold SOLG some people might have been alarmed.

Surely by mentioning what I have switched into, with the intention of witching back, people can better understand my rationale...

And how on earth could I remotely ramp a share with a MCap of £5.1 BILLION...

Silly billy...

Ye Gods...because I've still got 900k...

Get it?

PS POLY was 1561 6 months ago and as you know I lurrrrvvveeee gold...

So we'll see...

Fed up with my holding not performing...

NO I'm not losing faith, but the SP is about where it was 6 months ago so...

Made a short term switch into POLY of 100k shares...

Hopefully POLY will outperform SOLG significantly in the short term and I'll be able to switch back in at better terms of trade...

If nothing else I'll get a handsome dividend into my ISA to compensate...

Its a gamble but I'm frankly bored with nothing happening here...

GLA

Here again, production in most countries flattish or declining...only Russia and USA with significant increases...

Overall production down for the last two years...

https://www.kitco.com/news/2022-01-31/Top-10-largest-gold-producing-countries-in-2021-report.html

In actual mines...

"Overall, the top 10 largest gold operations in the world produced 2,339 koz of the yellow metal in Q3 2021, an increase of 5% compared to Q3 2020."

https://www.kitco.com/news/2022-01-28/Top-10-largest-gold-mines-in-Q3-2021-report.html

Three of the top five are owned by Barrick; and five of the top 10, but in total Barrick saw a 7% decline in production from these...which is one of the main reasons why I see them as a likely successful bidder...

“Copper is such a strategic metal” and it “without a doubt” faces supply challenges in the coming years, Barrick Gold CEO Mark Bristow said on a panel in Saudi Arabia:

“There’s been too little investment in the red metal and that’s already a problem for the sector as consumption rises. We’re in for a long solid market demand for metals.”

The world's biggest mine is Grasberg...maybe Freeport McMoran would be interested...

"Freeport-McMoRan’s gigantic Grasberg mine in Indonesia was the largest gold operation with 371 koz of gold produced in Q3 2021, which is a significant 57% increase compared to Q3 2020, as the company successfully transitioned Grasberg to be the world’s largest underground block-caving operation."

Top ten mining countries...Ecuador nowhere...yet...

https://www.kitco.com/news/2022-02-01/Top-10-largest-copper-producing-countries-in-2021-report.html

"Global mine copper production has hovered around 20 million tonnes level over the past five years and this fact raises concerns about a sustainable supply of primary copper for the variety of industries."

Only Chile materially increased their production in 2021...the rest flat or falling...

Still signs that the MMs are trying to keep this under control which, together with the large buys suggest that there is still significant buying going on in the background...

Instis who like the story...?

Or someone building/enhancing a stake...

I don't believe Valuestone was placed under any restriction...

As I've said many times...float off Green Rock Resources...

Mind you any announcement might trigger a bid for the whole of SOLGOLD...

But it certainly monetised the assets...

What else could he say...

And today's RNS has had a negative effect, despite his bullish comments on Porvenir...again...

So where were Darryl's comments...

And why isn't a PEA mentioned in the RNS when he majored on it in his interview...

This remains a PR disaster...

Fantastic DBW!

here is the key line for me...

"That's a very good question and one that is in the forefront of people's minds. This could play out in many different ways and at the end of the day, it doesn't matter..."

Why has the company laid out its strategic direction in a magazine article rather than a RNS...?

Yet another underwhelming response from the market...

Which suggests to me that people are cynical/sceptical and simply waiting for corporate activity...

How much damage did Nick do in 2019/2021 with a constant 'bombogenesis' of 'shock and ore'RNSs...

Who on here is not blasé...and is it any wonder that there have now been two disastrous AGMs...with another to come this December unless a major intervenes to put the beast out of its self imposed agony...

I emailed Fawzi yesterday because I believe Darryl's "as if" statement requires an official clarification on SOLG corporate strategy...

Lets see what response if any...

$4 billion of gold for starters.....

PS it's just taken me 5 minutes to read through another weekend of largely irrelevant stuff...

1 SOLG
2 GPM
3 POLY
4 EQX
5 JAY
6 ITM

What we should keep in mind is that SOLG has gone up for four consecutive days and, relative to the market this is a strong performance, as this article shows.....

https://seekingalpha.com/news/3793052-copper-prices-on-pace-for-biggest-weekly-plunge-since-october?mailingid=26517773&messageid=2900&serial=26517773.19496&utm_campaign=rta-stock-news&utm_content=link-1&utm_medium=email&utm_source=seeking_alpha&utm_term=26517773.19496

"Shares of copper-focused producers have dropped sharply over the past week"

BHP are down 6% in the last six days and 3% today...

ANTO down over 10% since Jan 19 and 4% today

But we are up.......

Well done DBW. Great find.

For those who understand eye movements he kept going down into K for all the key questions...

But you've got the key point..."as if"...THAT is a dead giveaway that lets us know he anticipates corporate activity...