Member Info for mattlilly

I totally agree DBW...forewarned is forearmed...

Aha Aeris....good question...

The question is though, how do you do that when he has almost 10% of the shares and probably remains influential, especially in Oz...?

sorry...."they don't get stuff we DON'T get."

Its a courtesy addickt....

Like the first conversation I had with my Exec contact...

"Can we observe Chatham House rules..."

How many times have you said to a friend or other "I assume this is in confidence..."

And how often was it actually earth shattering...what's the difference.

Its your choice...you either get the chance to ask questions that 'institutional' and other major shareholders are asking the Chairman and hear his answers, or...

You remain in the dark and resent the opportunity for e.g. Blackrock to trade their shares at the edges...

And as many of you have said on here, BHP and NCM aren't even on the Board but are you telling me they don't get stuff we get.

They also get the chance to chew the Chairman's ear.

You could do exactly the same if you wanted to.

I think one of the main reasons for the disbelief on here is that most companies, especially on AIM, don't engage their small investors anywhere near enough so they remain as 'mushrooms'...

And in the event they weren't market sensitive...in any way...

Playing God Grimbergen...?

You could have developed exactly the same relationship of trust rather than rubbishing other people's efforts on behalf of shareholders here...

For all those who are minded to complain to the FCA...

Please review my detailed questions below and tell me which ones are 'material' or likely to produce material answers

And then consider the FCA definition of material...

And finally it only becomes a matter for review if the receiver uses that information to buy or sell shares...

Which I have stated for weeks ~I have no intention of doing so...

anodyne...you must be joking...do you regard the questions I listed below as anodyne...?

And then there were the follow ups....direct and to the point...

All he asked me to do was use discretion on some of the answers he gave, trusting my judgement based on his knowledge of my background...

rougepierre is correct

Piecing things together it looks like the AGM will be c20 November...

And I've just confirmed that the prime purpose of the calls is to get feedback on all the key issues that might impact the AGM, especially following the obvious issues surrounding last year and the state of Solgold CG at that time (as highlighted by Cornerstone for example)...

Factors to be taken into account in determining whether or not behaviour amounts to unlawful disclosure

MAR 1.4

The following factors are to be taken into account in determining whether or not the disclosure was made by a person in the proper course of the exercise of his employment, profession or duties, and are indications that it was:

(1) whether the disclosure is permitted by the rules of a trading venue a prescribed auction platform, of the FCA or the Takeover Code; or
(2) whether the disclosure is accompanied by the imposition of confidentiality requirements upon the person to whom the disclosure is made

Broadly, MAR defines inside information as information of a precise nature which:

has not been made public

directly or indirectly relates to one or more issuers, or to one or more financial instruments and

if it were made public, would be likely to have a significant effect on the prices of those financial instruments, or on the price of related derivative financial instruments

I have NOT had any such information disclosed to me and...

As I stated, I have no intention of buying or selling any shares in the foreseeable future.

What is your point?

Are you resentful?

Are you trying to get me or the Company prosectuted? (Good luck with that...)

Do you not want any useful information about the company that might practicably be given to a limited number of investors?

Or do you want to continue to debate the uninformed and sometimes ridiculous speculation on here sometimes...?

Sadly I agree DBW

If you contact me through ADVFN I'm prepared to be in touch as you and I seem to have much in common...

Not filtering you novice...too much entertainment value...

BBG filtered...

We have 1.5 million shares...

Investing the stock market is my 'day job'

I get a lot of useful information and insight on here...

But not from you BBG...so...BBG...You're Fired...(and filtered)...idiot!

Monte...I'm one of a large number of investors being contacted, whether institutional or otherwise...

As has been mooted on here...PIs could have a large influence on the AGM, especially when you consider that they helped all the Directors to remain on Board last year.

The Chairman wants to know our views just as much as Blackrock.

Which is why I reached out to ask you what you wanted me to ask and which is why I am sharing as much as I am able to share.

If you resent this, you invest the time and go and build up the relationships that I and dreamboatwarrior have done, for example...

Do you 'attend' the podcasts and investor calls like we do?

Do you pose questions on them?

Do you take the trouble to record all the key points verbatim for the benefit of the wider community on here..?

No...I thought not...

There are some on here who do nothing but complain, post ridiculous hypotheses, say things that could damage the share price, rubbish some of the genuinely good stuff that is posted that some of us invest a huge amount of time in (I spent a day preparing for this morning's meeting)...

And then resent or rubbish the outcome...

Its like reading Trip Advisor...

Colonel

The PFS is on track by year end and they expect to conclude the CEO appointment soon.

Happy now?

I can tell you that I was very impressed by Twigger and Elodie and have been by all the appointments so far.

The Chairman and The Board know clearly what they have to do and its just a matter of how they get there...

Colonel...I can assure you that the call was TOTALLY about this year's AGM in the light of last year's AGM and what has been achieved in moving the company forward with the totality of its corporate governance...

There was not the slightest hint or inference of an equity issue...

In answer to all of the obvious comments...

I CLEARLY understand my duties and responsibilities.

I have not broken any confidences.

Nothing I have posted on here today should come as a shock to anyone. I believe I have captured the key issues for you and me in the questions I posed.

I don't need telling what I can or can't do in relation to my shareholding...

But can I repeat what I have made clear in many posts recently...

I have no wish or need to buy or sell any shares in Solgold for the foreseeable future.

Although I have taken advantage of share price movements in the past to reduce my average to a minus cost, my wife and I have always had a target core holding of 1 million for me and 500k for her.

I had no intention of changing that whatever the outcome of today.

I can't help anyone on here resenting or regretting the position I am in, but would you rather the dialogue had not taken place at all...have you found what I post regularly sometimes useful...?

There is no restriction whatsoever on me revealing the questions I asked, which is why I have published them in full and will now send them to Fawzi as a matter of record.

Remember, I have held senior roles on 'both sides of the fence' so anyone who chooses to report me to 'marketable' has no idea what they are talking about.

To repeat...because I've done it myself...Investor roadshows and/or conference calls are always held 'in camera' and information may be gleaned or revealed which might otherwise not be available, but while other investors might feel 'left out' it is a fact of life.

If you think this stuff should be publicly revealed then you should ask for the Board and Committeee Minutes to be published...which of course is ridiculous.

It comes down to two things:

1 What is material? (Do you really think they would tell me anything material...look up the definition of materiality...)

2 However I have found myself in this position, is the information helpful or would you rather I told the Company I want no part in future such conference calls...?

I'll leave you to reflect.

Oh and a BIG shout out to all the people who have posted positive and grateful comments.

I have no plans to buy...or especially sell...any more stock...

Que sera sera...I might end up with 50p or 200p or anything in between...

But like all of us here, I'm clear that something fundamental has to happen here PDQ...we need a 'token' of how far the Board has come in taking on the clear messages from a year ago and being prepared to 'clear the decks' so the we can move forward.

Some of you may be disappointed, but I could see circumstances in the fairly near future where we all have to make a decision with regard to our shareholdings...

And pending a market crash, we will not need to sell below the present price...

But start to ask yourself the question...at what price would I be prepared to sell...even if its only half, for example...

And please....don't read into what I just said something that isn't there...its only about the future direction of Solgold as an independent miner...

My closing words to the Chairman were....I have no plans to sell my shares, but I can see a situation, especially while you have no CEO, where this could all be taken out of our hands...and it would be a pity if Solgold was not to achieve its dream of becoming a major miner...

Oh and have you thought of changing the Company name, because I'm clear that there is a correlation between the SP and the gold price...

Thats all folks...You'll have to read my future posts 'between the lines'....

As to my other conclusions and without revealing any confidences..

There is no doubt that this major exercise is preparing the way for the AGM by teasing out the key issues (which frankly are pretty obvious to all of us on here), sharing insights and garnering responses to those insights.

While I still think much has been achieved in the last year, especially on CG, there are still some key actions to be completed and the AGM could be challenging while 'the elephant remains in the room'...

Until then, and as I stated clearly, in my opinion Solgold remains 'cannon fodder' and vulnerable to an unwanted bid (apart from some on here).

In fact I stated openly that there is even a price at which I would sell, based on where we have come to in all this....

Moving on...

Apart from this issue and recruiting a CEO, clearly the Alpala PFS and project funding are key, so...

They need to issue a PFS by end 2021 incorporating as much of Tandy and anything else as possible to make the economics as attractive as possible.

The financing proposals need to be released as soon as possible after that to allay any doubts about the bankability of the Alpala project.

Finally, I'm clear that any damaged relationships from 2020 have been repaired but that doesn't mean that those investors won't be looking closely at the build up to and outcome of the AGM...

Seems like deja vu again already....

As I said, I have been asked not to reveal the specifics of this immensely useful and insightful conversation, however...

It seems clear to me that the share price will not move forward in a material way until it is a recognised investment by North American investors.

For evidence of that you only need to look at the minuscule volumes in Canada.

I am in no doubt that Ingo in particular is working on this and the key to unlocking North America must be the Alpala Project Funding.

Of course the majority of this should be debt with possibly some off take/streaming, but it now seems sensible for there to be an equity element targeted specifically at US and Canadian investors.

The question is how do you do that when Solgold Finance AG is the financing vehicle?