Member Info for mattlilly

Very definitely ssmith...

the JVs are for the handful of 'smaller sites' that are not core to their central strategy, the latter being Porvenir, Rio Amarillo, Blanca etc....

The RNS is white clear as referring solely to the strategic options re Cascabel...

The rest is just your interpretation...I am simply conveying non insider information given to me openly and honestly...

"Concurrently with advancing the Cascabel Project, the Parties will explore and evaluate a range of strategic and financing options focused on maximizing value for their respective shareholders with respect to the Cascabel Project."

If BHP aren't in it to end up with a minority stake, why have they sat on their hands since last October...?

My source is impeccable and at the highest level...

SOLG ARE NOT PLANNING A J/V...TAKEOVER OR ANYTHING OTHER THAN TAKING ALPALA TO PRODUCTION...!!!

However that doesn't prevent someone from taking a pot at them...

Jerry...there IS a strong candidate about to come on board...the conspiracy theory doesn't fly...Nick is still on the Board and there is no way that the people I am in contact with are contemplating a 'low ball' takeover...

Quady...CGP don't have a cat in hells chance of raising the money they will owe when the DFS is available, let alone for their share of production...

They are a tinpot company where only the Alpala prospect and their stake in SOLG are keeping their share price from tanking...

They sit 40% below their 1 year high and only 10% above the low, but...

Most important...how in hell are they going to raise c$500 million with a MCap of £80 million and no profit track record...?

You remain in cloud cuckoo land...

Have you forgotten that they pretty much put up the 'For Sale' sign less than a year ago while slamming the SOLG offer...?

addickt...they already have a 'strong candidate' as of 4 weeks ago...its just about dotting is and crossing ts...

Colonel..I'm afraid I think you're off beam in suggesting that SOLG are 'fishing for an offer'....

I have it from the horses mouth that if a certain person resigns that would mean a bid is on the way...but that person is far from resigning and is absolutely clear that the strategy is to advance Alpala towards production while defining the scale of the best other projects and seeking partners for the 'small' projects...

I have no reason to believe he is lying...

I had even out it to them that a JV was the best option and he turned that down...

Been a long wait mate...worth the patience...

$1.4 billion doesn't cut much mustard, but there is a growing general consensus that consolidation in the sector, especially by hoovering up junior Miners is only a matter of time...

Oh and BBG I've never said there won't be a bid...au contraire...

Thats just Cascabel...

And its not just lockdowns...

Finally that post is dated 13 June...

'The Independent'23 July

"The Lambda variant was first detected in Peru last summer, and spread fast there, now accounting for the vast majority of the country’s new Covid cases. Chile, Argentina and Ecuador also saw significant numbers of infections..."

So is the gold and silver but SOLG goes up and down with the price of gold...the clues in the name...

ANTO up 4%

BHP up 3%

WRES up 3%

SOLG down 0.6% because we're listed on Precious Metals, not Industrial Metals...

Copper up over 4% today and over 10% in a week...at a 7 week high and only 7% short of an all time high...

From the May 21 MD&A zoros...

"While COVID-19 continues as the dominant safety consideration..."

"As a result of the state policy and to ensure the protection of the communities we work with, the Company has established specific COVID-19 protocols to ensure compliance with government preventative measures. Quarantine prior to entry into project areas is a mandatory requirement for all personnel to minimize the risk of infection, involving a 10-day premobilisation isolation period. Anyone entering field operations must quarantine for 7 days and test negative for COVID-19 by means of a PCR test before entering the field."

"With the new strain of virus present in Ecuador and the determination by the national government to try to avoid hospitals being overwhelmed by serious cases...

The repeated prevention advice is to use masks, distance from others and avoid groups.
The company continues field operations in all locations in Ecuador and has not relaxed any of the stringent quarantine and PCR negative requirements created during 2020 for anyone entering field operations. In certain cases even more stringent protocols have been introduced as a result of increased COVID-19 cases.

"In Ecuador, a limited curfew has been re-implemented in selected provinces due to increased cases and saturated hospital capability to manage cases.

"The regional exploration program in Ecuador will continue reconnaissance field mapping, soil and rock chip sampling programs, and geophysics surveys, and continue drilling programs (as permits and COVID-19 protocols allow)

From the Half yearly report:

Blanca - "a break in operation over the Christmas period due to COVID-19 related delays in assay turnaround time..."

Rio Amarillo "Commencement of drilling initially planned for November 2020 was delayed due to permitting and COVID-19 related delays resulting in further expansion of camp facilities to accommodate for isolation requirements..."

BBG I won't respond to your inflammatory reply other than to point out that Keith was already in the Rio group via Palabora...ands I have owned shares in Kincora so I know how massively complex OT remains...

CFP is far from a simple process...raising $3 billion for a vrigin mining company...?

What about the Yeates Bros?

No radios addickt...unlike TDF...they didn't know she was there as you say (hence Van Vleuten's wild celebration for what turned out to be Silver...did you notice they cold shouldered her after the finish...?

Oh dear BBG...you're entitled to your opinion, but...

1 The information the analysts are privy to cannot be inside information with the exception of the Nomad; but it has been reproduced in their Brokers reports...bid by mid year was an opinion, as was "the biggest takeover story in the City" last November

2 News hasn't been suppressed; it has been reported whenever possible, but overriding that is the regulatory requirements of the MD&A...drilling news doesn't have to be reported until it is independently verified and material, otherwise it is at the company's discretion...COVID is still a massive factor in Ecuador, hence the delay in drilling Rio Amarillo for example

3 No we haven't...Tandayama...etc.

4 COVID...and if there was a bid approach there would be a requirement to RNS it...you'd be daft not to...

5 Absolute rubbish!

2004/8 MD Palabora Mining RIO subsidiary

2008/11 President & CEO Oyu Tolgui...prospectively the biggest copper mine in the world...

2011/13 Global Practice Leader Rio Tinto (T&I)...read all the projects on LinkedIn

6 DW Corporate Pty Ltd provides Company Secretarial services. We got Dennis himself...read this:

"Dennis has tackled many fund raising engagements in the last eighteen years. Debt advisory and equity capital markets assistance are Dennis' core areas of competence. Twenty one years international operational experience has provided extensive capital raising, funding and administrative management capability specifically for the resources industry. A pragmatic approach ensures focussed service. There’s no learning curve. Dennis knows the rules, the regulations and the most efficient way of getting it all done...."

Pretty useful working alongside Ingo on the CFD...?

7 Where does it say they are working together...? They're 'friends' again after NM royally p***ed them off...co-operating on Cascabel...

8 Preparing the CFP is an ongoing process; it is Ingo's primary focus; it cannot be completed before PFS and indeed is coterminous with the DFS...months ago he told me that there is a huge appetite to finance projects like Alpala on the East coast of America...

9 I'm in regular dialogue...he's working his nuts off, including three roadshows this year alone, including the one that was a precursor to the highly successful equity raise...

Any more gems of wisdom?

Don't forget liars, ******s and Bobo addickt...(thats me apparently...) ;-)

For once I agree with Qady...now there's a first...