Member Info for mattlilly

Good volume...over 6 million so far...

Buys outweighing Sells two to one...

Closing volume could be the highest since Feb 12...on a rising chart and after the last 12 trading days, that would be very bullish...only needs to get past 9.75 million...2/3 of the way there...more than half the trading day to go...institutions seem to be still buying...

Maybe they will buy even more after Keith's presentation tomorrow...6pm...

Oh and....let's be careful out there....(first person to say where that quote comes from?)

After the Feb 5 RNS, I suggested that a GGP into SOLG switch would be good...the terms were 26p into 21p...

Anyone who had done that with, say 100,000 GGP shares would now have been able to reverse the switch and buy back 168,000 GGP shares for no additional cash...

Too late I fear...

Anyone selling now to take profits and gamble on buying back in low enough to make it worthwhile is taking a risk to my mind...

Remember that we are not even back where we should be...we were high 30s in January before the PFS delay, but the info coming out now and in the near future will show that the delay and revisions will be more than worth it...starting with Keith's presentation tomorrow...NOT TO BE MISSED...

But based on where we were before the AGM, we should be well into the 40s now, if not into the 50s...

We'll get there one way or another...either as the market continues to buy this exciting story...or...

If a J/V is announced...or...

If there's a bid approach...

The starting price would now have to be at least 45/50 but to my mind it should be £1 or more to be treated seriously...

The key now BNC is for 30p to become the SUPPORT level and not the resistance level...

As I posted on Tuesday

"As I wrote last Thursday...

"I don't mind seeing a bit of profit taking tomorrow or Monday to refuel the rise..."

So today was pretty resilient, considering that gold, silver and copper have all been weak...

And people will take a day or two to digest what is regarded as an excellent election outcome by Solgold management.

Once again there was a big UT (291,640 at 27.45) with a solid finish...

I'm looking for this to reach the 30s this week."

And here we are...30p dealt...

We've comfortably breached the 200 day MA as forecast and there is a clear cross of the 20 day over the 50 day MA...

This is a very strong bullish recovery to where we should have been...

Onwards and upwards...

Solgold is already "a well regarded employer"...probably one of the best in Ecuador...

From Proactive Investor...

"Ecuador - Presidential Election sees victory for pro-mining banker, Lasso in run-off for presidency

The victory of a pro-mining former banker, Guillermo Lasso in the run-off for Ecuador’s presidency is likely to be welcome news to mining companies operating in the country and to their investors. Mr. Lasso , who will assume the Presidency on 24th May defeated his opponent, Andres Arauz by a margin of 52.5% to 47.5% with Mr. Arauz conceding defeat overnight. Mr. Lasso is seen as keen to attract overseas investment, including from the mining industry which he has pointed out contributed 46% of direct foreign investment between 2017-20, to Ecuador as well as to stimulate the local growth of small businesses through tax incentives."

Certainly the undertone seems solid Bubble...could see us through 28p later...

I don't think so mate...but the 20 day MA will cross the 50 day MA tomorrow...and the SP is only a whisker away from the 200 day MA...29 will do it...

Totally agree SM and addickt...

https://www.mining.com/pro-foreign-investment-lasso-wins-ecuador-presidential-election/

I don't think you'll have to wait that long...for example:

"BHP have four geologists in Ecuador doing little else except observe Solgold..."

I favour a J/V or two rather than takeover, to get the quickest, highest value for my shares...£1/2...hopefully well before the PFS.

As I wrote last Thursday...

"I don't mind seeing a bit of profit taking tomorrow or Monday to refuel the rise..."

So today was pretty resilient, considering that gold, silver and copper have all been weak...

And people will take a day or two to digest what is regarded as an excellent election outcome by Solgold management.

Once again there was a big UT (291,640 at 27.45) with a solid finish...

I'm looking for this to reach the 30s this week.

Thursday's Proactive Forum should be interesting.

Also keep checking Ingo's Linked In for posts and comments

All the best

Its an opinion...

Sorry mate...don't agree...

This share is massively undervalued...institutions are now buying...election out of the way with a favourable outcome...

If you look what happened to GGP it could happen here when this catches fire...

GGP went from 3.25p to 37.35p after the Newcrest JV, EVEN THOUGH Newcrest will eventually end up owning 75% of Havieron...

Just imagine what would happen to SOLG if they announced a J50% V with BHP for Alpala...a Tier 1 prospect...and we have at least THREE of those...

Meanwhile...

https://www.kitco.com/news/2021-04-07/Rick-Rule-on-the-coming-commodities-supercycle-Demand-will-exceed-supply-for-these-metals.html#.YG9gznz2FBw.linkedin

"Everyday you mine and your business gets smaller. To permit a big copper mine in the United States could take 15 to 20 years. To finance it, put it into production. Very, very capital intensive, very time intensive. We’ve run out of time and the reckoning is coming,” he said.

Part of the reason that supply is not going to catch up to demand immediately is due to a lack of investment into the sector, Rule said, adding that a coming commodities supercycle will be the likely result.

“We are definitely coming into a supercycle as a consequence of under-investment and therefore supply shortfalls"

Guillermo Lasso wins Ecuador’s presidential election with 52.5% of votes
Arauz’s team acknowledges Lasso’s win – candidates spoke /
Heralds a new positive, pro-business and pro-market chapter in Ecuador / Markets will react positively / Responsible mining and FDI will top of the agenda / We welcome an experienced pragmatist, who has the ability to unite and progress

#responsiblemining #ecuador

Two recent posts by Ingo Hofmaier on Linked In...

"Pleased to see the confidence into the smarter, leaner and more valuable mine design increasing and taking shape. Same metal production at a significantly reduced mining rate – what is not to like?"

"....a clear outcome, to be successful president Lasso will need to forge smart alliances with all stakeholders. A mature and fair campaign process - with Andrés Arauz recognising the outcome, everyone is now looking forward"

Cheers Stockready...totally agree...

And JJ...please stick around...you add to the considered wisdom on here...ignore the idiots or filter them...

Markets are down, copper is down, gold is down dollar is up and so is the pound...

This may be the last chance to reload this week before we cruise into the 30s....

I predict we will close up on the day today, but...

Time is reducing for investors to get these bargain prices...including prospective predators...

Could be a huge game of 'chicken' brewing in the background...

Predictably, the MMs banged the price down first thing to stimulate selling and get stock on board but it looks like they are being met by steady buying again...

I expect a wave of press coverage over the next week or so referencing support for mining and, no doubt brokers reviews etc stating that this is a very positive result, especially for Solgold...