Member Info for mattlilly

Look out for volume building up and/or meaty deals prefacing news...

'market days' not 'make days'...

December 1 does not rule out drilling or MRE news before then...

AGM notice must go out no later than 24 November, which gives us only a couple of make days to release something sexy and...

Despite the CEO not 'arriving' before Dec 1, he can still release a statement relating to a RNS, as he did with the announcement of his own appointment...

I STILL believe a raft of news has been held up waiting for his appointment so that he can look good and fill the vacuum left by Keith...

I forwarded my 10.17 post to Fawzi...not holding my breath for any comment...

Agreed ssmith....while I've got plenty of gold/silver mining shares as a hedge, I want to be out of SOLG and into defensives by the time the shot hits the fan....as it surely will...

I'm hoping you're right orthern, but as things stand and based on the Chairman's letter, we can't rule out all sorts of games being played up to and at the AGM with no way of predicting the outcome right now...

BTW I DON"T subscribe to the view that any major would be bidder would wait until the PFS before bidding...

BHP for example has had four of its best geologists tracking SOLG for months and other majors will have had insights by being involved in the bidding for JVs on the smaller projects...("half a dozen household names...")

Of course I may be wrong, but I still see a giant game of 'chicken' being played out here since "the hottest takeover story in town" last October...

The question is, who will blink first, because it is 100% certain there will be a swift countered and anybody starting with a 'low ball bid' risks looking incredibly stupid once the auction is finished...

I won't be supporting BHP...but I might vote AGAINST the 'Old' Board given the chance.

let me repeat...I DON'T want BHP to take this over, especially at an un economic price, but their sheer determination on Noront makes me believe that even if my preferred bidder, Barrick succeeds, the SP will have been driven very much higher by BHP...

July 27

"BHP Group (BHP) unit BHP Lonsdale Investments on Tuesday said that its subsidiary BHP Western Mining Resources made an offer to acquire all shares of Noront Resources at a price of C$0.55 ($0.44) per share.

The per-share price represents a 129% premium to Noront's closing price on May 21 and a 69% premium to its closing price on July 26."

October 20

"BHP increases its all-cash offer to Noront shareholders to C$0.75 per share, representing a 36% premium to its previous offer, a 7% premium to the Wyloo offer and a 213% premium to Noront’s unaffected price."

So from the price before the shenanigans started, Noront will have risen 213% if BHP are successful...

That means that from today's SOLG price the equivalent would be c80p...

However, the only competition for Noront is Wyloo, a private (unquoted) company that is not a major, so...

I still believe that if 2/3 majors en her the fray here the final takeover should be £1/2...

That doesn't mean that I won't sell at least half on a decent bid...

That was THREE months ago Monte...

Since when...what...?

Fair enough Italian, but NM kept saying he didn't want a bid and wanted to take Alpala to production...

Was he bluffing all along...?

Because I've always been very open Jerry...

I just feel completely worn down by inept management and I'm dreading the AGM...

Whats wrong with wanting to double or treble our money and get out...?

Don't you think its something when I post such a gloomy note smickster, having been accused of ramping the shares so many times in the past...

A reminder, we now hold 1,520,000 shares but I can't wait for a decent bid to relieve my misery...

Don't build your hopes up about drilling results or any other news boosting the stock price...

When the Tandy news was released, the price briefly 'leapt' from 26.3 to 27.2 in the following WEEK, before falling back...

At last we had the long awaited CEO announcement and the price...'spiked' from 25.7 to 25.9 before falling back...now 24.75...

Frankly I believe the two Chairman's letters have caused some destruction to PI confidence and, frankly I'm throwing the towel in...

With any acceptable bid for the company I will dump shares, having long held hopes and even a belief that a takeout would be in the realms of £1/2...

The overpromising and underdelivering under Nick's leadership (remember when he promised a PFS in 2019...) followed by a chasm of news and sheer torpor, plus inept Direction from the very top, exacerbated by major investors serious and understandable concerns as to how the demised CEO could still hold so much sway, have left the once rosy Solgold looking like cannon fodder.

We will hold on because we can afford to, but I'm daily watching shares I could have bought, outperforming while we witness progressive value destruction in real terms here.

Our only hope now is that the new CEO comes good and injects some confidence and belief into this company, enough to get the SP up to a level where we might attract a bid that comes somewhere near the value of these WORLD CLASS ASSETS...

This is not a rant and I feel a real sadness writing this because SOLG has been a 6/7 year preoccupation.

I hope soon to be able to sell up, reinvest, move on and reflect on so many, many wasted man-hours researching and trying to understand this wretched company...

I emailed him yesterday woody...lets see...

Thats it Grimbergen...you're filtered...why don't you crawl back into your dark little hole...

"All other directors should be subject to election by shareholders at the first annual general meeting after their appointment, and to re-election thereafter at intervals of no more than three years."

Great post as always Italian...

Sharket Mare...SOLG has a 'back channel' into the Government through Maria...

No ssmith, I won't be meeting him and almost certainly won't have a 121...I have my existing contact though...

But he made clear that was a price that he thought was too high for bidders...

I don't care what it looks like...

But you're right...NM will always do what best suits him...