Member Info for mattlilly

Very strong finish...UT 348,688 virtually at the high for the day...

Look at the volumes from April 6 onwards...much higher than before...and 15.4 million on 28 April, with continuing volumes better than long term average on most days since...

One thing we know is that institutions don't chase prices...

From my own experience as a broker...you required to leave the totality of a deal with the MMs at a price limit to fill as and when they can, unless you withdraw it...

186k bid down to 30.05, but I'm bid for 400,000 better than that...

On Level 2, plus...

I'm firmly bid for 400,000 at over 30p...

PFS/DFS committed to financing Alpala...as you would expect...

Thanks for your gracious apology addickt and you might want to check your posts again.

The roadshow was direct from the company and I'm certain it has fuelled the cashbox issue and buys before and since...I also believe its still there. You and I don't have the time nor the knowledge to dissect every transaction since...

It is important to distinguish between my views on how it can be done from the endgame I would like.

To clarify my consistent position from both LSE and ADVFN...

I have always been happy to accept a bid at between £1/2...why not...I'm 72 and this could be my last hurrah before leaving you great guys and spending the next 20/30 years, well...just...spending...

From the company's point off view, I have said to Ingo directly that I believe the optimum solution is a 50/50 with BHP for Alpala and a 50/50 with NCM for Porvenir...

Then invest the ensuing cashflow in a progression of projects starting with Rio Amarillo and leading to Nick's dream of a 'major miner'

As I understand it the plan is still to finance Alpala independently and when I asked if that was possible, the information about massive interest from the East Coast of the US was mentioned.

Hope this helps and you won't find me diverging from the above at all...

Thanks again

RK

Makes total sense Ted and it seems to be in Keith's thinking...

Level 2 looking tasty and ready for liftoff towards 31 and beyond...

I totally agree Frog...

While either BHP or NCM might readily J/V with SOLG to develop Alpala or one of the others, I cannot see a convoluted agreement for them to com bine to buy Alpala...especially when BHP alone could fund it out of 'petty cash'

However, of course there has to be a modest element of equity in the funding, because bankers expect 'skin in the game' I just would prefer that in the form of convertibles at a challenging strike price...

Best wishes

Rouge/RK

AMG GTS...bought with previous SOLG ill gotten gains...

RS$ is a target for thieves...

Aston has the same engine as mine but is slower...viz F1...

I was originally going for a Maserati till I saw the reliability stats and you can wait months for parts...

That looks very bullish BNC...pushing towards 31p with the daily RSI and MACD still fairly flat...plenty of room to grow...!

SP well through 20, 50, 200 day MA with the 20 day hooking up towards the 50 day...

Start the motor novice!

Of course I do Jerry...s'why I favour pure debt...just a sop to addickt...

addickt...do yourself a favour and find me a single post where I said "45 institutions had invested"

I have always said they did a 'roadshow' for 45 investors...you above all understand that...

And by your math, BHP/NCM would have to buy £650 million of SOLG stock between them so as not to be diluted by an equity issue to fund Alpala ($4 billion x 27%)

380,000...that number may well go UP if we get above 30p...

If there is strong interest up to 30p there may be panic buying at 30.5 say...

addickt...BHP/NCM hold 27%, so they can't stop anything unless they start wholesale buying of stock...

At 50% a takeover bid is very difficult to stop...at 75% its impossible and even though only 73% could be achievable without them, it is not in their nature to block a takeover if it was that well supported...

But more important, ask yourself why they would get in the way of a wholly debt funded CAPEX as opposed to risking massive dilution if there was "a very large equity raise "

Try looking at your argument in reverse...

Would they rather have 27% of a very big fuklly funded cake or a smaller %age...

You may be basing your logic on their displeasure at the FNV deal, but that is something completely different.

Assuming their concern was based on dilution of profits, why would they risk even greater dilution if they didn't want to quadruple their holdings (assuming an entirely equity funded CAPEX)...

Sorry mate but your arguments make no sense and your wild statement about "a very large equity raise " runs the risk of frightening Private Investors on here.

Let me state categorically "its not going to happen". Which is based on fact not opinion...

Price spiked to 29.5p and I'm STILL bid for 350,000...

Gold/silver over key resistance levels of $1900 $28 with the BIS 'unwinding' still developing...

Will this ever lie down...hope not...

And boom...

And more important Colonel...in Maria Amparo Alban we have a world expert in 'Green' mining who is politically extremely well connected in Ecuador...

addickt...there does not need to be massive dilution...

talking to the company they are seeing massive loan interest out of 'the East Coast of America' , probably in the form of debt and convertibles...

US citizens are sat on massive amounts of cash...

The US banks are doing almost historic volumes of Repos with the Fed because they have got vast funds with nowhere to go and, with the 10 year rate sub 1.6% DESPITE rising inflation, there will be plenty of money looking for a home in quality assets at say 3%, especially if it is of 10 years or less duration...

So once again..opinion is not helpful on the matter of funding Alpala when the revised mining process will require much less upfront capital and the mine is set to become profitable more quickly, looking at a 15 year mine horizon at first rather than 30 years plus.

And with the possibility of opencast mining at Porvenir coming onboard almost in parallel, self funding of CAPEX could happen much quicker than you think.

And if you think that's opinion, its based on a detailed review of the revised PFS basis, listening to everything Keith has said in Podcasts, understanding of the US Capital Markets and a dialogue with such as Ingo, who was brought in from Hannam, SPECIFICALLY to finance Alpala and beyond.

Any loose opinion on "a very large equity raise " is misplaced and likely to undermine what should be inevitable share price progress...

Viz right now there are no significant blocks all the way to at least 30, the SP is rising and I am bid for 350,000 of stock...

Hope this helps...

That's £4.2m...more than 1/3 of the day's total volume...paid way over the odds...

Short closing...hungry buyer...institution...or predator...?