Member Info for mattlilly

Why is the company so coy about the following:

"On 2 March 2021, the Company issued a total of 3,000,000 unlisted options to an Employee. The options have a strike price of £0.36 each and are exercisable through to 2 March 2024"

Its not a Director, so who is it? My guess is Ingo Hofmaier...what's wrong with transparency, this is potentially a very valuably perk (exercise cost £1,080,000) and will the 'employee' be advanced the cash short term to take up the options when they do?

"The Varela target exhibits a classic well-preserved metalliferous lithocap and hydrothermal alteration system with a full complement of porphyry plume elements, the classic signature of a large scale strongly mineralised porphyry copper-gold(- molybdenum) system as seen in the 3D model.
The Varela Camp (at Rio Amarillo) was completed in readiness for the drilling program planned once road access is completed, which should not take longer than two months

The lithocap and rock Mo/Mn anomalies at Varela are of similar scale and magnitude to that at the Alpala Deposit."

"The Tinkimints prospect is located adjacent to Solaris’s Warintza copper deposit from which recent drilling results returned a world class intersection of 922m @ 0.94% CuEq from surface (announced 22nd March 2021).
The Tinkimints prospect is characterised by highly anomalous copper and copper/zinc in soil over a 1.5km by 1km area. High values of copper in soil are observed at Tinkimints, including 0.71% Cu and 0.16% Cu in soils."

"Holes 8-11 have been drilled and drilling is currently underway at holes 12-14. Visible copper-sulphide mineralisation encountered in holes 8 through 11 (assay results pending) are highly encouraging and continue to substantiate the growing potential for a significant near-surface resource at Cacharposa.

At the end of the reporting period there were three man-portable drill rigs operational at Cacharposa.(Porvenir)"

CGP only 10% above a 15 month low and we've just made an instant $700,000 profit...

I'm firmly bid at the price for 500,000...yes FIVE HUNDRED THOUSAND shares...

QED

They want your shares...

Banging the price down too shake out friday sellers and stop losses...

Lets see what the UT and after hours trades show...

Might recover into the close...

I am in no doubt that the interest triggered by the '45 institutions' roadshow is still flowing through with a target price of 30p or under...

They almost certainly didn't get what they wanted in the 'cashbox' so may be following through...including Valuestone...?

Yes its been consolidated into the overall debt to FNV of $103m...look at the table I posted earlier...

It was $15m and its been consolidated...

Further financial tidbits (2)

Nicholas Mather was paid for the nine months ended 31 March 2021 US$330,291

Further financial tidbits...

Increases in value of exploration assets since June 2020 (presumed drilling costs)

Cascabel $35.468m
Other projects $30.308m

Cash at 31 March $64.821 + Cash raised in Equity issue $73.8m = $138.6m less placing costs say $2m = $136.6m

Depending on what drilling and admin costs have been incurred since 31 March, we should have at least $120m to carry us through Cascabel PFS; Regional Exploration (including Porvenir MRE) and at least into 2022...

Anything raised from the small project JV ventures will surely accrue in 2021, so I don't see the need for a further equity issue before the DFS/Funding programme

The Group has adopted IAS 1 & IAS 8 Definition of Material since 1 Jan 2020

"Information is material if omitting, misstating or obscuring it could reasonably be expected to influence the decisions that the primary users of general purpose financial statements make on the basis of those financial statements, which provide financial information about a specific reporting entity."

Net Smelter Royalty Financing
Funds received under the loan US$ 84,380,422
Additions – funds utilised in repaying Bridging Loan 15,619,578
Transaction costs adjusted through retained earnings 3,480,528
Balance at 31 March 2021 103,480,528

You always give an outstanding summary zoros...almost too much to take in!

Sharug and Celen - drilling from mid 2021...

This is being played...

AIMO as usual...

Just received a reply from the Company as follows:

"We have just today received our latest share register analysis and will now update the Key Security Information (KSI) document on the website to reflect the major shareholdings. BHP and Newcrest stood their corner in the recent Placing and that will be reflected in their shareholding in the document."

That will help the SP...

Have a good night all!

More than 1.5 million bought in total after hours, all at better than 30p...479k of which is the UT...again closing at the highest price of the day...

How much longer before these predators show their hand...

MD&A due Friday?

Probably accompanied by a Regional Exploration update (although the meat will be in the MD&A)

Just bought 77k for 24.99p...is that not sub 25...?

Dollar has lost all its gains and more...copper trying to recover...

Gold and silver er still near 3 moth highs...

US CPI figures shockingly bad...!

Instant reaction? Everything banged down except the dollar which is flying...gold/silver/copper banged down, which doesn't make any sense...

But now gold and silver have more than recovered...both flying...!

Thats the whole point...did they purchase any...it wasn't a Rights Issue, it was a rapidly executed 'cashbox'...CGP, DGR and Blackrock went down...

Given the difficulties that may members on here had in getting any shares, is it possible that their collective corporate machines couldn't crank into action quickly enough...?

Carebara...I suspect you'll get the lot in and around the MD&A expected in the next few days...

Ho rcgl...global stock markets tanked yesterday on inflation fears...a growing number of analysts fear that the FED has lost its grip...

We shall find out in an hour...USCPI at 3.6%...? Good for Gold!

However, also a growing number of analysts are calling the commodities 'super cycle'...due mainly to lumber prices (regarded as the bellwether for commodities in the US), the cost of building a new house in the US has risen by $24,000 in a year!

Furthermore the payroll figures were awful and wage inflation is underway...

You will all have notice that SOLG is now classified under 'Precious Metals' on LSE, which may be a blessing in disguise...

Frankly I think the new classifications are an unmitigated disaster and I have had to resort to a Watchlist' because I can no longer see how all the mining constituents are doing in one view...

Given my recent participation in their feedback forum I have only seen downsides in their recent changes...

Ho hum and AIMO as usual...

Thanks Dreamboat...I've also contacted the Company...we had loads of gratuitous RNSs last year, why do we have to wait to find out that BHP are 12.33% and NCM 12.27% as per Stockopedia...

https://www.stockopedia.com/share-prices/solgold-LON:SOLG/

https://www.kitco.com/news/2021-05-11/Blackrock-s-Hambro-thinks-there-is-more-upside-in-commodities-to-come.html