Member Info for mattlilly

99.4% counted...still 84,000 lead...

107,000 votes to be counted...Castillo only needs 12,000 to be certain...

Nick is definitely NOT pulling strings in the background...

Why not. Get an even better price for us..

And so ask yourself why SOLG don't have a CEO after almost 6 months...?
Is there a different strategy in play, or do the likely candidates see SOLG simply as a takeover prospect...
Nobody wants to join to be redundant a few months later...

addickt...BHP are now playing ball with SOLG, so ask yourself what their endgame is?

Support them all the way to production?

Mount a takeover bid (which SOLG don't want)?

Or J/V?

In which latter case they would probably be in competition with NCM or even another big player.

Therefore SOLG will call the shots and the only solution that makes sense is a 50/50 J/V with BHP buying CGP's 15% and SOLG selling them 35% in return for arranging and underwriting the funding...

AIMO of course...

50:50 means BHP has sufficient control but cannot dominate. The power of veto...

Miaow...purr...purr...

If its going to be done, it has to be done ASAP, with huge help from BHP or another 'big boy' to get the finance away...that way the dilution can be limited (except for BHP's 50% stake that is...)

Who?

Quady? (deluded) or

Warren? (hige vested interest to talk his book...remember, CGP didn't want our bid but effectively put out a For Sale' sign to the big boys last year..

And for those of you who think CGP support production, tell me how they would raise almost $700 million CDN on a MCap of $150 million and negative EPS, to avoid dilution AND pay SOLG what they owe...so far...!?

Sorry guys but, in the nicest possible way...you're deluding yourselves...

Took the words from my mouth schlemiel...

Has anyone who wants this to go to production considered the dilution aspect.

Anywhere between 0 and 100% of the funding would need to be equity...

How many people who are hawking production have thought through the consequences for their shareholding...

How many of them have the funds to increase their SOLG holding by up to 400% in order to avoid dilution...?

Look at what happened to SXX...this is a far better prospect than the SXX mine, but in the end it was the failure to finance the deal that effectively bust the company and allowed AAZ to walk away with it for pocket money...

Be careful what you wish for.

I have never said I wanted a bid...indeed have argued for J/V(s) with BHP and/or NCM for Alpala and/or Porvenir, to finance the development of the 'string of pearls' thereby allowing SOLG to remain independent, but...

If I had the choice between monetising my shares at between £1/2 now or waiting another ten years to get the same sort of price and in the meantime risk more years in the doldrums, there's no choice...

Hope this helps...

Just work out how much cash you would need to invest to avoid a 80% dilution (i.e buying 4 times what you have now...)

If they are going to production they need to get on with the CFP because interest rates are rising on the back of US inflation...

Well said addickt

Why do you find it necessary to be so aggressive BNC...

My statement said "weak holders taking modest profits?"

How is that flagging off? I was puzzled by a steady stream of sales and concluded it might be recent buyers cashing in.

You could not be in the slightest doubt that I am a 'strong holder's

I have clearly stated why I took some money off the table (and a £4000 profit to boot).

I have since put even more money into SOLG.

Give me a break...you're getting like Quady...

No probs mate. I'll take a chill pill...

119,217 at 33.9p

Will the UT be over 34p...?

Bought another 36,840 at 33.95...who'd have thought it...?

What about the countless posts from people saying they've held XXX SOLG shares for YYY years...?

Agreed fella!

Back to almost 1.3 million with that buyback...