Member Info for mattlilly

Ah you're back Quady...or have you been covertly reading my posts...

Knew I'd smoke you out...couldn't take the needle out of your arm he...?

Duh...my book is RANKED 3200000...that's why its reselling at 65p...

I had never written a book...only articles before...bu someone needed a favour and I understood derivatives, so...

I wouldn't attempt fiction, although my theory is that for crime drama you start from the back and work the plot out to the start...

Anybody can write an autobiography but 99% of us would be really boring...

All my books are non fiction...finance, risk, soft psychology, stock market trading...

But I'm now writing the one I always wanted to write, about the personal psychology of golf...

If you want to do it...choose your chapter headings; work through loads of research; collect research under the chapter headings and then...

I wrote one chapter at a time and basically wrote till I was bored...like I'm doing for many people on here....

There is a discipline to non-fiction...every 'fact' must be verifiable...which I guess is why I've been calling out a certain poster on here...

BTW I saw a fascinating article the other day...the failsafe way to find out if something is lying to you is to ask them to retell their story back to front...if they've learnt it off b y heart they're stuffed...

And then there's 'eye movements'..."I did not have sexual relations with that woman..."

Cheers

Thanks RICHR...as I mentioned, I've written 7 books and hundreds of articles...

I love the challenge of the research, the collation and writing...especially to deadlines...wrote a book on derivatives in 2 weeks...not a Times Bestseller, but still 3,200,000 on Amazon and secondhand at 65p...

Isn't GGP Newcrest zoros...?

AAL only have $3.36 Billion outstanding on their EMTN program....

Maturities are 2022 to 2029...

They have $7 billion US Bonds outstanding but Net Debt is just $5.6 billion and they're throwing off loads of cashflow at current margins...

They had two Senior Debt issues in September...2030 at 2.625% and 2050 at 3.95%

So plenty of headroom if they need it...

And at those rates it is one reason why I believe it would be smart to J?V Alpala with BHP, with the latter as 'lead borrower'...

Or AAL...as you know they bought Sirius Minerals and, based on the 2020 Annual Report they arte pushing on with the 'Woodsmith' polyhalite mine...

Just think what they could do for us...

SOLG isn't presenting...I checked and they are only "attending"...

BHP at PDAC....

"The petroleum's industry transition to deep sea drilling is a lesson for the mining industry, said BHP's Billton's Chief Technical Officer, Laura Tyler

On Wednesday Tyler gave the technology keynote on Wednesday at the Prospectors & Developers Association of Canada annual convention.

Mining discoveries are on the decline. During the past three years there were no major new gold discoveries, according to a report by S&P Global Market Intelligence published during the spring of 2020. And during the past decade, there were only 25 new major discoveries.

Tyler said there is just less to find.

"The current residual search space for new mining districts is getting smaller," said Tyler during her talk. "And future districts lie in areas with high country risk or is lower jurisdiction risk but under cover."

Sorry missed the quotation marks...but highlighting the key bits:

"Looking further out, we benefit from a sequence of high returning growth options, mainly in COPPER, PGMs, and now also crop nutrients. Our business is increasingly positioned to supply those PRODUCTS THAT ARE FUNDAMENTAL TO enabling a LOW CARBON ECONOMY and catering to global consumer demand trends"

It s important to note that this is a medium term note PROGRAM, which means they don't need to and are unlikely to, raise all the money at once.

The term of the various notes issued will be 5/10 years, but they are spreading their options because the terms allow them to issue fixed rate, variable rate and zero rate notes...

I suspect they are taking advantage of relatively low interest rates, especially having seen 10 year US TBonds struggling to get issued yesterday (the Fed already owns most of its own 10 year Bonds...). US 10 year TBonds have been said to be almost unsaleable right now, because of overissue and the fear that the 10 year rate will go up further...

It spiked to 1.60 plus and has settled down to c1.50 but it is and will continue to reflect inflation fears.

So...AAL is a different animal to offer to the market and, because of its business model may ironically be more attractive to foreign holders who already stuffed with US Treasuries...

Looking further out, we benefit from a sequence of high returning growth options, mainly in copper, PGMs, and now also crop nutrients. Our business is increasingly positioned to supply those products that are fundamental to enabling a low carbon economy and catering to global consumer demand trends

Of their $9.8 million EBITDA...

19%is from copper

26% PGMs

Net Debt at 31 Dec was $5.6 Billion which is not onerous with their MCap of $55 Billion...

Looks like SOLG would be a perfect fit...but with that amount of money they're not looking at just one acquisition, although they would have more than enough to develop Alpala...

This is a predator we haven't considered but they have operations in Brazil, Chile, Colombia and Peru...copper from Chile and Columbia but are very exposed to Southern Africa for PGMS with nothing in South America...

Could this be the first mover towards the starter's gun being fired...

I know he did...it was a joke...

No 55p by Friday...

How insulting can one person be....?

"Zoros now your just being nasty.

Addicknt, maths is not in your mindset.

Then I suggest you go back to your class tucson

Stop trying to mislead people.

That really is one of the most desperate attempts to mislead, I have seen.

Oh dear Mog I thought you were better than that.

you cannot argue a complex argument on here, as too many would not understand it.

Wrong Jerry

Ssmith_trader, the people who have the insight are the BOD at Solgold, why not try listening to them.

Trust me Quady is right

May I remind you that a fact is an observation that is directly or indirectly observed

read his posting history, he is clueless, and has no idea why things are the way they are.

Andywest what a daft thing to say

Smith_trader, sorry you are the one showing your innocence and nievity

Haven't you learnt yet.

So not irony, you and Redknight, not only show no idea of how to value this company, but you can't even do basic mathematics.

Redknight you are the one talking rubbish.

Redknight you know nothing about banking

And thats just the last 3 weeks...

Heres my honest opinion Haych...

SOLG is ridiculously undervalued on any metric...

It has four times topped 40p and seven times topped 38p in the last 29 months.

The underlying indicated and inferred resources of Gold, Silver and Copper alone are worth more than £90 billion gross at current prices...and thats just Alpala...

Porvenir is reckoned to be even bigger and better than Alpala...Rio Amarillo (the 'jewel in the crown' is reckoned to be the best of the lot, mainly because of its high gold content...

The world is running out of gold mines...the current total global average life is 9 years and falling...at the margin it is being mined at 0.05% gold, which is virtually dirt..

It takes a minimum of 7 years to develop a major mine from first discovery...

Several major miners have publicly stated they are looking for copper/gold porphyrys...Barrick has changed it strategy to this from pure gold...we have at least three and maybe more...two are already proven or likely Tier 1...and they may both be in the top 5 new copper resources in the world...

We have two major miners as shareholders at c 13.7%, neither of whom has shown the slightest inclination to sell their stake. Newcrest asked a major bank to review the options for their stake last Autumn and they've decided to hold on...BHP paid 45p for part of their stake...

IMO the shares are languishing mainly for three reasons...

1 Last year, despite the Porvenir results suggesting it was better than Alpala, which caused a spike to over 43p, there were far too many RNSs and a ridiculous statement predicting 'shock and awe', followed by a series of disappointments

2 The PFS, before which a major is unlikely to bid, and will be the basis for the CFP (Contingent Funding Package), was originally predicted by the end of 2019 and is now promised by the end of 2021. Even allowing for COVID, this has been a major failure which the new Alpala Committee is rectifying

3 There was an unsatisfactory Board meeting in December, after which Nick Mather 'stepped down' and ceases to be CEO after 31 March. He has undoubtedly been the major driving force behind both the good and the less good in the past

I could give you many more reasons, including my buying back most of our 800,000 shares at 21/23 because I hope we have seen the bottom; we have twice before doubled our money from c20p and expect to do at least that again.

But finally, the copper price rose from $1.97 to $4.37 in less than a year from last March (now $4.11 valuing Alpala's copper alone at $82 BILLION)

Since last March, when markets and commodities bottomed out due to COVID, the SOLG SP has only risen by 79%, I believe mainly for the above reasons...

In the same period BHP is up 90% but more important, KAZ, a major copper producer is up 147% and ATYM a major European copper producer is up 188% and when the copper price hit $4.37 recently they were up 238% while we were only up just over 100%...

I'll le

If any of you like Pierre Lassonde and the FNV story...and believe that gold is about to have its day...you can buy UK quoted shares in Wheaton Precious Metals (WPM) which is a gold/silver streaming company...its worth reading their annual report to understand their business model...

They are a no risk exposure to G/S (except for the underlying commodity price itself). You get exposure to the metals with no productions costs and guaranteed streams of income for 50 years or more, at a small fraction of the actual current gold/silver price...

As we know here with FNV for 55 years...

I've bought a big chunk having reviewed the ETFs for direct exposure and concluded that WPM does the same but with more 'action'...

Sorry for the O/T...just sharing...they're a massive company like FNV, which many of you may have researched...

OK I'm going to back off now...except I will now post a b*****t alert every time Quady makes a false or baseless statement...

"NM, was always going to step down at some point to allow a CEO with block cave mining experience to step in. But you know that."

"Ssmith_trader, the people who have the insight are the BOD at Solgold, why not try listening to them."

Please tell us Quady EXACTLY what the Board are saying, given that we have at least four new additions, a new Chairman, an Alpala Project Committee and a deposed CEO...all in the last several months...

This is the key point Paulus...

"GT Gold (TSXV: GTT) reached an all-time high yesterday, closing up 59.7% to C$3.21 on news of Newmont's all-cash acquisition at $3.25 per share, a 38% premium to GT's 20-day VWAP.

GT put the total equity value of the transaction at $456 million on a fully diluted basis, while Newmont put the cash consideration at $393 million.

Interestingly Newmont, which already held about 15% of the explorer..."

How eerily close is that to BHP and Newcrest at 13.7%...

My guess is that, if the majors think (like most on here except Quady) that gold has bottomed and is going to surge towards the end of March and as the commodities super cycle takes hold...they, like Newmont will want to grab the goodies sooner rather than later...

How often do you call out Quady's daily wrong, false or misleading posts Grim...?

Yet another clear example...

He either mangles a quote or take it out of context to make a pathetically desperate and marginal point...

Context matters...

And how deeply sad is he...

He has trawled back over ONE THOUSAND of addicts posts to find one which says:

"The closer we get to October, the more likely a hostile bid looks."

What is the difference between that and:

"This will go to production..." which Quady has said 100 different ways..

The answer is that nobody knows and addict posted that comment when the SP was 25.7p BEFORE the FNV Royalty deal in mid September and especially BEFORE the Porvenir blockbuster which Nick surprise surprise released days before the BHP standstill ended, taking the SP from 25p to 43p...

addict also said in that quote:

"I know I've said it before, but no company employs the army of advisors we have..."

And as we all know...Nick said that Citibank had been appointed 'specifically for bid defence' well before October...

PS In case you think I'm sad too, it takes just a minute or two to find a specific post if you know the poster and the date...even if its addict (8887 posts) and Quady (4919)...