Member Info for mattlilly

Another big UT...tight closing spread and after hours trades...plus volumes have been bigger these last few days...

G'night all

Rio Tinto is all open pit...quite deep...

For those that think Tandy couldn't stand alone, with 233MT Indicated and 197MT inferred, totalling 430MT at 0.33/0.39...

The Rio Tinto mine (owned by ATYM) at the time of commercial development contained:

152MT indicated at 0.39 and 106MT inferred at 0.40....using a copper price of $3.20...

http://atalayamining.com/wp-content/uploads/2018/07/RioTinto-July-2018-Complete-Report-Rev-6.pdf

I averaged down to c80p before production started and they are now 410p having paid a maiden dividend...

That puts not only Tandy in pers[ective (an open cut mine like Rio Tinto) but also Cascabel with 9.9MT of copper...

This is a material addition to the prospective production at Alpala and as several have said, could be mined by 2024...

So the market gives another positive RNS the big yawn...

Whts still to come...?

Escondida's average grade is 0.59%

Freeport's mines Open pit grades down to 0.18%

https://marketcap.com.au/large-low-grade-copper-gold-deposits-how-low-can-grade-go/

The world is running out of copper so marginal grades are going to fall to 0.2% or below until major prospects like Cascabel come onstream...

Surely this can only be good news...it validates the quick open pit mining and adds to the collective resource...

I anticipate a PFS will now follow as well as a Porvenir MRE...

Is RIO too much to ask...?

It's not even worth posting to all all the nonsense..

BlackRock have held for years...

There are no dividends...

As with some of us the only way to make money is by trading in and out at the margins...

The holdings are spread across 40 different funds...

But just imagine what would happen if they dumped their 5%

Jeez...

So...its bounced off the second resiutance level at 24.45....lets see where it closes and what the UT is...

Will it be meaty again...

Here is the Sandfire acquisition of MATSA mentioned in the article...$1.865 billion...

https://www.sandfire.com.au/site/PDF/dbe63c29-366c-4061-a5f8-1300f6ec0c50/TransformationalAcquisitionoftheMATSAMiningComplex

RFC Ambrian rates Solgold as its top copper takeover play...

https://www.proactiveinvestors.co.uk/companies/news/967602/how-hot-is-copper-ambrian-runs-through-the-numbers-and-highlights-potential-m-a-targets-967602.html

Now up 12% since Friday's bottom despite copper down over 3% and gold down 1.5% in the same period...

Now up over 6% at 24.25...

Moving up...24.15 offered....

damers....if you check back you'll see I've put Strong Buy on my posts for ages...and I've not dropped below 1.5 million for months...

First resistance at 23.65...tick? lets see if it holds...

Second at 24.45

Third at 25.25 and then...

Off to the races...

Just needs news to light the blue touch paper IMO...

You're right Bubble...and pain g over the offer to get stock...

Waiting for liftoff...?

Good point...

The US Govt seems to be taking the view that Omicron will have only a transitory effect...

Cyril Ramaposa would look extremely stupid if his global plea particularly to Western Governments, widely broadcast the other day, not to overreact turned out to be a massive mistake...

Pfizer already think that its Vaccine will minimise effects; the vaccine will be updated in under 100 days and there is a pill on the way...

We are long overdue a commodity cycle super bullish market....and Powell was hawkish yesterday...

So how long before we see copper surge like it did in the first two weeks of October (up over 15%) and fly beyond to smash the all time high...

Meanwhile, it is perverse that Gold is still hanging back...of course its being manipulated, but IMO for two possible reasons...

To back a quasi 'gold standard' digital currency

To make the already filthy rich in the US even richer...

Pierre Lassonde said he could see Gold at an adjusted $34,000 an ounce (he actually said $30,000 at the time but it was based on at one time the DOW and Gold being the same numerical price...something like 200 I think...)

And gold exploration was DOWN in Q3, with only 9 years of resource left in active mines (which is why I see Barrick as a strong possible candidate to bid for SOLG if a war starts...)

Commodities have been weaker in the last few days on Omicron fears and a stronger dollar, but the dollar is toast...

As Janet Yellen said yesterday...there is a $7 TRILLION fiscal ago in the US to fill by closing the tax/spending gap, but she is still supporting the $1.75 trillion proposed project.

The ONLY way to bridge that gap is inflation...Powell has abolished the transitory word and admitted they got it wrong...

After the US printed money in 2008 to stop a global financial collapse, gold rose from $735 to $1770 in 2.3/4 years...

Copper went from $1.29 to $4.58 in just over 2 years...

One of the leading commodities experts, Goldman Sachs is talking about copper at $15 in 2025...enjoy...

https://markets.businessinsider.com/news/stocks/copper-price-outlook-demand-rise-goldman-sachs-sustainability-commodities-2021-4

Who said he was useless?

Between him and Malcolm Norris there is huge goodwill for what he has achieved in the past, but its time to move on to the next phase of Solgold.

I genuinely wish him well and it will be interesting to see if any of his roles change on here...

Looks to me like he is 'going home'...

However, I have given some thought to the 'BHP Board takeover' fears and I have a different possible hypothesis...

There is growing activity in the shares and the chart has taken a definite strong positive turn, which suggests to me that big news is about to break...

Of course we are waiting for POR, RIO, et al, which are icing on the cake and represent the future monetisation of what I have called Solgold's 'string of pearls'...

So here's the theory...

I have said very strongly to my contact in the past that the optimum way to monetise the assets is as follows:

J/V Cascabel with BHP (i.e. sell them a 35% stake...CGP would support that because it would spike both SOLG and CGP shares)

That would leave SOLG with a 50% stake and presumably a big enough lump of cash to optimise the other assets...

Two key conditions for the deal:

BHP leads/particpates in the financing of Cascabel
Darryl Project Directs Cascabel...

Result? SOLG SP spikes (to 45/55p)

This could also serve as a strong bid defence if BHP were also pre-emoted from increasing their SOLG stake but had an 'earn in' right for further interest in Cascabel (cf GGP/NCM and Havieron).

As to Darryl's position; three possible scenarios:

1 The above - this would also explain why it took so long to appoint him, while SOLG completed the PFS and ironed out the JV
2 leading the monetising of the entire SOLG portfolio (but why bring in a consummate Project Director for the massive BHP Olympic Dam)
3 SOLG gets taken over and he's out of a job after 3/6 months...

The last doesn't make any sense...

What do people think?

What a sad state this Board has come to...

I now have as many filtered as unfiltered posts on this page...

Ho hum...much more relaxed now...