Member Info for mattlilly

I don't believe that either rcgl...but that doesn't prevent MMs hedging their book while, for example, a substantial buy order is being filled...

rcgl...I got my post at that time removed...one of the posters said they got it done...it wasn't in any way offensive...how does that happen?

I concluded that LSE owners must be into GGP...

Only 50k shares or so traded since they were 27.45 and now we find ourselves being bought at 28p...

News must be on its way...RNS today...?

Or, like SOLG, they could be a punt at these prices...

Hmm...I politely suggested people took profits in GGP in the high 30s and switched into SOLG but got hammered for it...

They're now barely above an 11 month low being more than 50% down...

I was always puzzled why they would hang on while waiting to be diluted to 75% on Havieron when they could have 85% of Alpala and 100% of the other gems here...

And they are also a hostage to fortune on the whims of NCM...

Ho hum...NOT being clever after the event, I assure you...

How come the shares were bought up to 27.9p and quoted at 27.9/28 and then get whacked down on pathetic volume...

MMs manipulate shares, let alone anyone else...they're in it to make money...

And you don't have to short shares to knock them back. You build a big enough holding (or already have one) and sell the shares in sufficient volume relative to the overall volume on the day when they are weak, reversing the transaction when they have gone low enough to satisfy your agenda...

And again Quady...Blockers don't have to be in the millions for a relatively illiquid share like SOLG...

Just ask the Colonel...he knows...

(And Quady think's I'M a clown...)

Yet again Quady shows up his astonishing ignorance of markets...

He consistently bangs on about no shorting of Solgold...

Has he never heard of CFDs?

You can short Solgold CFDs and don't tell me that Market Makers don't take advantage of that and that a sufficient volume of CFDs doesn't influence the underlying SP...

Even if not naked shorting, CFDs can be used to hedge a share so that you don't have to sell the 'physical' when you want to trade them...

Here is an example for Quady's education...through dealers such as these you could build up a substantial short position...

https://1k.money/how-to-trade/stocks-gb/solg

Hi Jerry...you too mate.

Regional news and CEO to come...

Quarterly MD&A...

Possible small project J/Vs...

October PFS and Porvenir MRE...

Rising copper and especially gold prices...

Those could all take the price towards 50/55p collectively...

Then if a bid emerges it would have to be at least 80p...

Bidding war ensues...

Depending on timing anywhere between 125/200p...

Meanwhile, I made a chunk of money trading the last metals bull market from 2008 to 2011 and that could well be the backdrop to a general revaluation, especially of junior miners, where consolidation of gold miners is widely expected...

Given the clear correlation between SOLG SP and the gold price, any move towards $3000 and this could go for even more than that, because our gold reserves (existing and to come) would be the tail that wagged the dog...

AIMO of course...

Are you serious Colonel...

Even a dead pig will move if you kick it hard enough...

Total volume today £23k...

Actual volume figures last 10 days are:
1k, 2k, 5k, 7k, 4k, 48k, 63k, 21k, 11k..

Thats a total of 161k or $600k CAD, which is 0.43% of a $140m MCap...

https://seekingalpha.com/news/3721720-industrial-metals-miners-march-higher-as-fed-signals-no-rush-to-tighten?mail_subject=jjctf-industrial-metals-miners-march-higher-as-fed-signals-no-rush-to-tighten&utm_campaign=rta-stock-news&utm_content=link-3&utm_medium=email&utm_source=seeking_alpha

Lest we forget...

"Bluejay Mining plc, the AIM and FSE listed, and OCTQB traded, exploration and development company with projects in Greenland and Finland, is pleased to announce that it's 100% owned subsidiary Dundas Titanium A/S has received a Letter of Interest ("LOI") from the Export-Import Bank of the United States ("EXIM") for the provisional sum of approximately US$208 million in debt funding for the capital requirements of the Dundas Ilmenite Project."

And BOTH the `Greenland and Denmark sovereign funds have 'skin in the game'...

Only a matter of time...tick tock...

27.9659 paid at 14.57...the UT could be interesting...

Gold and copper are off their highs but the SP has recovered to be up on the day, so...

Could we be getting a RNS later or on Monday...?

zero clout...not zero clue...

Its the other side of the coin Sharketmare...they detested Nick, especially because of the second bid which massively undervalued CGP in they eyes...

SOLG has conducted a charm offensive with CGO for obvious reasons because their core strategy is to take Alpala to production...

Meanwhile would we be surprised if CGP had talked to the major holders around the time of the AGM, first to side with them to try and oust Nick; and then to determine what their apparent strategy was...

And would we be surprised if BHP, NCM and Blackrock told CGP to get real...they have zero clue except their holding in Cascabel, therefore their only alternative is to sniuggle up; satisfy themselves that Keith or a new CEO is infinitely preferable to Nick; and wait and hope for a bid...

They have no clue and no alternative in my book, because by helping to undermine the SOLG SP they were massively undermining their own share price...which in no way suggest they have any real say in the game...

Compare $3.85 even to SOLG's last offer and their ridiculous overvaluation when they rejected the offer...

They have a reasonable portfiolio of assets but no way to monetise them and in the meantime developing cashflow challenges which could only be mitigated by a placing at a massive discount; a further sale of SOLG shares; or a bid approach for SOLG...

So why would they do other than publicly support SOLG...amything else would be suicide right now...

No I'm not...you're insultingly rude...inconsistent (how many times have you said you weren't posting; how many times have you filtered and unfiltered just to boost your sad ego...?)

You have zero credibility except with one faithful follower...don't you remember the poll that rejected you several weeks ago...

I DO NOT believe the company will be able to take Alpala to production despite what I have faithfully relayed...

As I have stated or implied...I believe either the company will HAVE TO accept a J/V proposal whether they want it or not, OR they will be subject to a bid high enough to take the decision out of their hands...

Thats sound reasoning ssmith...

Meanwhile we're moving up again...5% in the last 90 minutes...

Neither of us knows that addickt...you may likely be right, but there are at least two ways for that got be resolved...

BHP buys SOLG

BHP sells at say 125/200p to a major player

BHP proposes a J/V at very attractive terms including arranging the finance at cheap cost

BHP rebuts any approach from elsewhere and gets stuck with their 14%...

If I get any relevant update I will always share but for interest, I actually suggested to my source that a J/V for Alpala was the best way forward, especially to avoid an unwanted bid, thereby releasing funds and resources to develop the other 'jewels in the crown' and it was immediately knocked down...

Things can change but at that time they were neither looking for an offer or a J/V...

However...and I put it to them...until at least the definitive PFS and outline CFP they are IMHO 'a sitting duck'....for anyone determined enough...

For the likes of Barrick and BHP, the whole of SOLG could be bought for small change...I personally think its only a matter of time...

And `i wouldn't mind betting that is in the back of their minds in pushing forward with PFS/DFS and production...they will either get there or be bought out at well above the current price and so they lose nothing by pushing on...

And when Quady says the company would be lying if there was a bid, that's rubbish. The com play has not put itself up for sale; has not had any approach as far as we know, but it could not possibly stop a determined bid even with Citi helping out...and even with a 'diverse book...

Everyone has their price...seta against a 7/10 year project life and all the immense Executive involvement, a bid in the range 125/200p would be impossible to resist and unlikely to be turned down by any of the major holders...especially if it came from BHP...

Indeed I believe the financing options are equity, debt or a mix; the strategic options are probably block cave, surface, Tandayama, main site or whatever...

I DON"T believe they include a J/V for Alpala because that would squeeze both SOLG and CGP...

I also don't believe they include takeover of Cascabel, but I am confident t that will be in CGPs mind for obvious reasons...