Member Info for mattlilly

I totally agree on Convertibles RT...disaster...look at SXX...

Thanks for your analysis Rodney.

I cannot remotely believe that the Board would accept' as low as 56p. Nick won't below 80p...

I repeat...Jiangxi are suppressing this SP...

GDX is up 54%...GDXJ up 63%...but SOLG has basically traded around 7p for 6 months...

COPX is up 14% in the same period but is basically where it was 4 years ago...

In that 6 months the only thing that really spiked SOLG was the Jiangxi increased stake...traders waded in and then took their profits before the "Open Pit Strategy" RNS restored equilibrium...

So what does this mean IMO?

1 Its only a matter of time before JCC make at least an 'approach' to the Board...they've got close by sounding out the Board's view on buying the Newmont stake

2 There is real and meaningful news coming by 30 June...this, especially the DFS and full funding has the capacity either or both to start a rerating and/or tempt would be bidders for Cascabel or Solgold out of the woods...

3 In the meantime, the moves in GDX andf GDXJ, the growth in M&A activity and the moves in Metals prices all presage the first Bull market in Juniors since 2012....if prices start to surge and the Majors start gobbling up the best prospects from the Junior Explorers as they always do eventually, Junior SPs will start to surge (some credible commentators have talked of even 10 fold SP increases for some...) and SOLG must be caught up in that melee, even if only on relative values...

That would scare the SOLG predators rigid and IMO kickstart the bidding war that could take us to 50p, 70p or even £1...

And no I'm not ramping...

"Share ramping, also known as "pump and dump," is a type of market manipulation where individuals or groups artificially inflate the price of a stock by spreading false or misleading information. They then sell their shares at the inflated price, profiting at the expense of other investors. "

How on earth could I do that when my wife and I only hold 0.1% of the shares...?

Thanks again for your constructive reply Rodney...

And agree your points re bidding and Jiangxi add...

Filtered...

I wonder if anyone on here got their feet wet in FMET...

As I said, its a very thin market but yesterday you could buy 100k at 4.4p and now it would cost 5.2p...

I repeat...I am holding this fir the long term but once they start to produce results and more investors take an interest

I have only £9.4k invested ATMO and I accept that I will have to buy shares in future as they raise more equity, to avoid dilution but this for me is what ATYM was 10 years ago and SOLG 9 years ago but admittedly on a much smaller scale.

I wont mention FMET again but here is the latest analyst note, target 32.89p...be patient...

https://fulcrummetals.com/wp-content/uploads/2025/01/Fulcrum_Metals_Initiation_Optimo_Capital_January_2025.pdf

As a matter of interest Rodney, how much 'out of the money' are you...?

I will openly admit to being £22k down on 2.336 million shares, but I confidently expect to make a life changing gain...tick tock...

First of all may I restate my respect for all you produce and the objectivity of your posts.

We won't always agree but constructive debate is the way to arrove at and/or revise opinions.

As I've mentioned, it is not at all unusual for Boards to award options...I had a decent award myself when I was GFD of a plc and I made a tidy profit, but I'd earned it through my contribution to the company;s net worth and SP after IPO...

In my opinion and especially given the $200 billion of metal in the ground that we know abput (let alone the undiscovered in the 80 plus projects) the remuneration of our Board and Executives is paltry and I don't at all mind their being incentivised to drive shareholder value through driving the SP...

OK so it hasn't happened and we could waste a day or more revisiting the mistakes and misjudgements that have been made in the past.

There are (only) 73.1 million options, i.e. 2.3% of issued equity. only 30 million have vested, leaving 43 million still to vest, only 3.5 million of which vest before 2026

So the only rewards they will reap will be either if the SP at least doubles, with the vast majority exercisable between 17p and 25p...

Do you really think that the Board would accept a lowball bid at say 25p when the holders of 10 million would make little or no profit...

Leaving aside Stackhouse's at 10.285p (on which he would make £1.4 million), would you take 25p now if your average cost was c17p...?

Greatland Gold has 543 MILLION options outstanding of which 240 million have vested. The weighted average exercise price is 11.6p so they are already a total of £20 million into the money even at the depressed price of 15.3p

The Executives also had share based payments of £2.07 million last year and performance rights on 120 million shares...

Frankly, the rewards for the current Board of Solgold are a pittance compared to GGP and most other mining companies and given that Stackhouse is incentivised to get the SP up I don't resent him one jot of his prospective 15.5 million options when all vest on a takeover.

Finally, the total "employment expenses" in quarter 3 were £1.1 million....how much of that do you think Dan and Stackhouse earn, let alone the Board...

And as far as I'm aware the Chairman has no options (nor would he).

Despite that, he messaged me "I am committed to unlocking shareholder value."

"it is not impossible due to the setting we have at board level" Huh!?

Please explain Rodney.

Meanwhile I totally agree that they cannot even have had a substantive approach because they would at least have to RNS "we have received an approach that may lead to a bid..."

Have a look at ADT1's 'approach...

https://www.lse.co.uk/rns/ADT1/statement-regarding-press-speculation-sgeslp1boxsvcrx.html

Understood, but this was Alberto Lavandeira, CEO of ATYM and they've just had their best quarter ever...

Looks like someone has had a dabble...

Just caught up with the ATYM Q1 presentation...

"Significant copper deficits for at keast the next 5 years...smelters desperate, running at only 70% capacity with negative smelting costs..."

Why is this going down? Looks like its the Gold price because Silver is holding above $36...

I'm always grateful when someone passes on suggestions for mining investments, because my investments in SOLG and ATYM came from personal mentions and you can always trust I will do deep and thorough research before decidin whether to invest.

So far those two alone have made us £100s of thousands. Thank you.

To be clear, I'm not interested in "ABC is going to fly tomorrow..." or similar.

Just shares with significant unfulfilled potential and especially Junior Miners as I am convinced we are into a Juniors Bull Market and the M&A will soon ramp up...

So I thought I would mention FMET.

It came to my attention through a LSE video on the pop-up and I now have over £10,000 worth which I am holding indefinitely

Its very difficult to buy in size.

They are 'reclaiming' gold, silver and other tailings from their significant and growing portfolio of former mines in Canada where new technology can extract meaningful resources.

Its a bit like the SLP business model and they're now finding REMs in the 'waste' as well...

The reason why I have mentioned it today is because they owners are heavily personally invested, with respectively 10 million (Ryan Mee) and 7.2 million (Aidan O Hara) each.

They have just announced a fully funded cash raise at a 25% PREMIUM to the previous day's share price, all of which is being taken up by Directors.

After this Mee will have 15.4% and O Hara 11.1% of the shares...a big commitment.

Anyhow as I say...hard to buy in size, therefore a slow burner, but could be a solid capital growth prospect going forward, with a gold recovery cost of $3 an ounce...

NOT a ramp...I don't do ramps...why mention it here? Because its very under the radar on the LSE board for FMET and I'm just "giving back"

GLA

And as you saw, I backed it with another 536k yesterday...

My wife and I now have c£800k committed to gold, silver and copper miners...the vast majority Junior Miners...

Add....there is no way the Board will recommend a T/O by Jiangxi less than £1 unless there is no other taker...

So ask yourself why BHP and Newmont haven't sold.

SOLG have turned down JCC's request to buy the Newmont stake. both they and BHP would veto a low ball takeover...

Having said that, I still believe JCC will win out because they have the deep pockets of the Chinese State who own them.

But that also means they will be prepared to pay whatever it takes once the bidding gets underway

I think all parties are waiting to see the DFS and the Funding package for the remaining $900 million.

But that runs the risk of ExploreCo/drilling news before that which could finally put avalue on the non Cascabel licences.

As to the Ecuador Govt Bozi, I don't blame them for not reopening the mining cadaster..there are more than enough licences out there already and they need Cascabel to be a flagship development to encourage further or new investment in mining projects.

Just my opinion.

PS due to filters I didn't see the £1.50 debate but I cannot rule it out when the Junior Miners really take off (see earlier) fuelled by M&A (the lazy way that the majors let the Juniors develop virgin projects and then gobble them up to save investing themselves...)

As I've said previously, I could easily see a Noront situation here...BHP lost out there badly so £1 is not out of the question...

"Gentile emphasized that institutional and retail flows into mining stocks remain “shallow.” He expects a lagged response that could trigger an “explosive rally” in smaller-cap names as capital filters down from large producers.

He added: “If you’re as bullish as I am on the gold sector, reaching down to the sub-hundred-million-dollar mark cap stocks, you can see some explosive returns … That’s where you can make 3, 4, 5, 10 times your money. But there’s a lot more risk there, a lot more failure rates, so you gotta have a diversified portfolio.”

Gentile also highlighted a coming wave of M&A, as majors look to replenish depleting reserves after years of underinvestment. “They’ve starved their exploration budgets since 2012. We're going to see a big M&A cycle, and that should kick off a better rally in the junior small-cap names.”

https://www.kitco.com/news/article/2025-06-04/why-juniors-could-10x-here-michael-gentile?utm_source=site_navigation&utm_medium=sidebar_link&utm_campaign=latest_news&utm_term=gold_ab_sidebar_news

Surely got to be big news coming soon…?

DFS…Funding package…ExploreCo…drilling results…

Agree with all of that Rodney...hence my load up today...tick tock...

Incredibly tight spread...6.873/6.875 in 100k...

Something about to break...?