Member Info for mattlilly

Aye Bozi...I get that...but they have a 10% stake here with, as you say, no interest other than presumably selling for a decent price...

So I think you missed my point...

Their 'disrupter' bid would be designed just to kickstart the bidding war and get the price up to more realistic levels where they could exit for a tidy 'profit'...

Even at 60p they would have £186 million to invest in Havieron...

This comprehensive article from a year ago is well worth reading and will give you plenty to think about and speculate on...

https://www.mining.com/the-mad-scramble-for-copper/

Being in dialogue with some cleverer and better informed people than me, I seriously considered buying another 500k this am...

But we have plenty enough for the final bid to be life changing and then you wont have to put up with me ever again cos I'll be travelling with the missus while we can...

However I genuinely believe we are in the final 'sweet spot' if any of you want to fully commit.

My only advice is to have an exit strategy....that could include selling half to leave the rest in for free when the SP doubles...I've recently done that with ITM and AFC and as I said we did it twice in the past with SOLG and once with ATYM...

So especially if you're overcommitted (and at c£250k we definitely are), beware of greed and FOMO; determine your desired exit price; review your decision every day (because deciding to hold on, day by day, is the same as deciding to buy in essence).

Make your own choices and don't rely on or blame other people; take responsibility for your own decision.

As a private client Stockbroker the one question that was most difficult to answer was "should I take my profits in XYZco..."

The 'market wisdom' was "its never wrong to take a profit and leave something in it for the next man..."

But the answer I came up with was:

Only sell XYZ if you need the money or if any reinvestment you make elsewhere is expected to perform better than staying with XYZ...

My own plan is to set aside some of the SOLG proceeds for my children (300k is invested for them), the church and a travel fund.

The rest will be invested in high yielding boring stocks an short dated Government Securities...

Good luck all...

Hi add...yes I've been in and out of ADT1, starting at 60p or so when the CEO of ATYM told a good friend of mine that he had bought 'millions' of ADT1 shares...

At the time it was the start of my journey to build up significant exposure to Silver but, as with ATYM, the true value didn't really begon to emerge until their first concentrate was produced in Spring 2024...when I exited at 235p...

I bought back at 160 but again was out before the SP slumped to 177p just as production was ramping up...the next day they made the statement about 'press speculation' and the rest is history, with a recommended share of fer of 268p...

So how is this relevant to SOLG?

At face value it looks like a disappointing valuation, especially as silver production is swinging into action but...

When the 'press' RNS emerged the SP rose to 230 or so on the announcement this seemed disappointing but I was told "the bid will have a two in front" so I started to steadily sell, up to 250p...

I am clear that the SP was suppressed immediately before the speculation.

But what is fundamentally different is that if you look at the hundreds of 'major holdings' and Form 8.3 RNSs over the last couple of years, Dundee Precious Metals had been building up to this behind the scenes, with the likes of Goldman Sachs holding 'friendly' stakes...

There is no apparent evidence of anything similar in SOLG...the liquidity is poor...there have been up to 15 or 16 serious players in the Data Room...

And while I am certain the SP has been suppressed for at least 6 months in preparation for a bid, Quady's 'diverse book' argues against anything like what happened with Dundee and ADT1...

And I don't believe we will have to wait for the eve of full production for things to kick off...

The SOLG resource is way bigger than ADT1...Cascabel is Tier 1 and the second biggest prospective copper/gold project on the planet.

That makes it 'strategic' to any prospective bidder

And finally the evidence that this is unlike ADT1 is in JCC wanting to buy Newmont's stake. JCC are the most likely successful bidder but with only c15% 'locked in' so far.

Personally I think it would be far more likely that BHP could corral 'friendly stakes' so let battle commence...

But if you look at the history of e.g. Noront, the prospective successful bidder may currently have no reportable stake at all...

Barrick, Glencore, Mitsui, Mitsubishi, Zijin, even Newmont...?

Looks like nobody wants to be first off the starting line because pitching the first bid would be critical...

So better to let somebody else kick it off...but who...?

We are far less informed than all those that are in the Data Room...but in general terms they know the value here is way ahead of the share price...so...

If they pitch a 'low ball' offer they will start a bidding war and could end up losing out with egg on face...

Then there is what level the Bpard would 'recommend'? One has to prseume at least 80p but look what happened at Noront...

In late 2020 the shares were 15c

In May 2021 the shares were 24c before Wyloo's Andrew Forrest made their first bid of 31.5c...the shares moved to 33c...

BHP then made an all cash bid of 55c...in October they increased it to 75c which the Noront Board accepted...

But in December 2021 Forrest came back with 110c and BHP grudgingly accepted defeat...

So it is clear we need a 'first mover' here...

Jiangxi has c15% (including Valuestone) and with PRC resources for this 'strategic' acquisition, could pitch what they might think was a 'knockout' at, say 60p...

Or they could, as some suggest, float a 25p bid to flush out who is seriously interested...

But the ideal first bidder is surely Newmont?

They inherited their stake in Solgold from Newcrest. They decided to hold it as a 'strategic' investment. At face value they seem unlikely buyers of Solgold.

But suppose they made a 'disrupter' first bid of, say 40p...it could start the bidding war and end with an exit price that would make their decision to hold on a tidy profit maker while instigating a distracting battle between major mining peers...

https://www.mining-journal.com/london-to-a-brick/opinion-articles/4189775/newmont-kingmaker-future-solgold

Meanwhile, 'fake news' like this doesn't help..."SOLG's biggest shareholder BHP..." not since March matey...!

https://www.mining.com/web/bhp-backed-solgold-turns-to-speedier-mine-plan-to-woo-investors/

Anf for those who think I'm talking BS, look at the performance of AFC (6) ITM (39) CWR (60( GPM (25) ADT1 (177) ATM (279)...

Sorry Bozi...we plan to live long enough to enjoy every penny...but OMG its been a long wait...

In Smith we trust...

The hole £1m plus between is in ISAs Bozi...cheers...

A caint heer U...

And deluded dreamers...

Thank goodness for Rodney, Stas, addickt, DBW and all the other guys who have street cred and put in the hard yards to keep us informed on here...

Unlike the loser keyboard trolls who hate anyone's success...

Thats why I have 104 filtered...signing back in so that I don't have to read your mean minded whingeing drivel...

Frankly why does ANYONE respond to Quady? Its a blood sport!

SOLG 6.92p +0.07p 1.02% £184113.34 £161658.26 £-22455.08 -12.20% 7.881p

Quady you lost credibility years sago

Covgas you are a seriously unpleasant loser who adds SFA here...

So for all you guys who keep talking SOLG down, either FESS Up on your holdings or sell up and go away because you have zero credibility

And for all those who accuse me of lying, post your holdings like mine above or STFU

And heres a solid prediction...when SOLG is finally bought my P/F will be worth north of £2m...do the math...

Try again Bozi...2.336m at 7.99p is £186k... but I've made over £100k in profits on SOLG which is why my portfolio is now £572k...and the wifes £427k...

Covgas...thats why I filtered you...if you do the math, I'm down 0.94p per share on my CURRENT holding...thats after having taken over £100k profit by selling when the SP doubled in the past...

How are you doing?

And the big Alpala discovery was 9 years ago...capice?

I just opened up all posts by logging out...

There is so much complete ubbish and uninformed speculation being posted...

I congratulate Rodney and Stas for the quality of their research and commentary.

I've had Quady filtered for years and when I read his infantile conclusion that NAV is 10p I realise why...

Of course if you take the balance sheet figures that is correct but the really intelligent people on here are using the PFS figures augmented by current gold and copper prices...your myopia hasn't gone away Quady so pray...if you still have shares...why are you still here...

As you know I constantly disagree with Bozi because if you regularly read his posts you would conclude that he either has zero shares and/or he is a deramper paid by JCC...

The problem for the majority on here is that they're used to a diet where other people buy shares that multibag...

It is entirely reasonable to be frustrated on here because the SP no way reflects the true value and to all of us that seems inexplicable but...

How many of those have watched the 'Grand Old Duke of York'...never taken a profit, just waited for the big bucks?

So here is a simple tip for the future...when the SP doubles, sell half and leave the rest in for free...we've done that twice and the profits have funded our later gains...

Also, every day you need to make a decision...hold, buy or sell...every day you continue to hold SOLG is the equivalant of buying them...

In June 2022, being in contact with Ingo and Ayten and receiving NO inside infprmation, I became seriously concerned about Darryl...I sold my shares at 35p...as Bozi has correctly pointed out, I have traded in and out at the margins to average down and we now own 3.3 million shares at a sub 8p average...

But heres the thing...most of us know little or nothing about mining, so here is a reality check:

"Developing a mine is a lengthy process, typically taking 16 years on average from discovery to production, according to some studies. This includes time for exploration, feasibility studies, construction planning, and ultimately, the construction phase itself. ..."

Yes the Board could have made better appointments....

Yes the management has made mistakes...

But right now with Paul Smith in the Chair they are progressing at the right rate and making the announcements they can make when they can...

So...DFS and full funding package soon (Scott trailed it months ago)...

Or start of the bidding war...

We will get real value this year...

Patience please?

Adriatic is Bosnia, Herzegovina and Serbia...I've just sold my ADT...

GDX at a 13 year high...GDXJ 12 year...both forging higher...

Tick tock...

Jiangxi paid 9p...it was USD not CAD...

Utter Tosh Bozi...

Mather sold 300,000 shares at 30p in June 2021 not long after they hit 42p...for charitable purposes...

""The sale is in no way an indication of a diminished outlook in respect of the value of SolGold or its growth outlook in the future."

Scott is no longer salaried...he's a NED on $50k? and he has a tax bill to pay on his $835k former salary...so he sells $250k of sjares what would you do...?