Member Info for mattlilly

ABSOLUTE GARBAGE...

Read my post below on cash projections, together with the company's statement of having sufficient cash until at least Q3...WITHOUT drawing the FNV $50m...

Day trader profit taking setting in...?

Narcissus...I met a bloke from Doncaster once (Donny)...brilliant mathematician...(actuary?)

Everything was black and white...he would argue black was white and never back off...never admitted he was wrong...always had a wriggle explanation...expert on everything (or so he thought)...

Ended up avoiding him...

I have filtered Quady twice because he becomes so tedious after a time, but he seems a decent bloke at heart...live and let live...

(As Bobby Robson said about Paul Gascoigne..."could start a fight in a phone box...)

Oh dear...got caught again...time for a chill pill...cheers to you also!

PS I have in the past on ADVFN been accused of blatantly lying and ended up posting screenshots of my transactions as it got nasty...

I'll make a resolution to relax now...much brighter for SOLG and lets hope we've seen the bottom...when the SP hit 19.82p on Friday it was the lowest since October 2016 if you take out the "COVID DIP" last March...

Ha ha zoros...that would be some reverse takeover...DGR only has a MCap of £56 million...between them and SOLG Nick has dropped a bomb in the last week...I estimate c£15 million...

Sorry Monte...humour bypass...cheers!

sire....as many on here know...I focus almost exclusively on copper/gold/silver and have done for the last 5 years...

My buy sell decisions for SOLG are not just based on what the SOLG SP is doing...it also depends on what decisions I am making in the rest of my portfolio....so for example I added £20k POLY today at $1576...vey close to a 8 month lowland bought WPM last night...both increasing my exposure to gold/silver, hopefully near a bottom in both metals...

As for SOLG, after Friday's RNS and the brief excursion to 19.82 I sold 375,000 of a 675,000 holding at c23.2p, because The market was clearly dismayed at further delays in the PFS...

I also had two concerns, which I voiced on here:

The outcome of the Ecuador Election on Sunday (and did not want to be exposed over the weekend);

This seemed OK on Monday so I bought some back at c21.8p, but by Tuesday there was a concern that Perez would get through to the second round and might actually win, so I exited those that I had bought at 21.77p, for the sake of prudence.

This was vindicated when the price fell to just above 20p yesterday, but it held...and as the possibility of Lasso getting through emerged, I bought back 100k at 21p...

The other concern that I still have is to see the MD&A on Monday/Tuesday, which will summarise everything in detail, including the cash position and the future drilling plans and projected cash spend...

We all know the PFS has been delayed, but the MD&A will answer a lot of questions and I shall wait until then unless the price settles back again today...having already realised 375,000 at 23.2p last Friday and being more or less even since then (although better off in yesterdays 100,000 to the tune of £2,200), I would in theory be happy to buy back up to c23p but will play it by ear.

Timetables have been stretched out and to my mind the only risk of being 'light' is the announcement of a bid or JV, depending on what we glean from the MD&A...I had a very long one to one with a senior Executive on Monday, which allayed my long term concerns and I do wish to remain exposed to SOLG for the foreseeable future.

Finally, re your comment:

"do you get some sort of dopamine release from smashing the buy/sell buttons ..."

I have three times built up a substantial holding of up to 1.2 million shares, again as people know on here; at an average of 20p; 21p and 18.9p (the latter was my running average until last Thursday). The first two times I sold at half at 42p and then quarter at 43.2p, together with further sales on the latter at c38 and prices down to 23 last Friday.

For those others who dislike apparent bragging, I sincerely apologise. I am merely answering sire's challenge.

This is the whole point about being accused of being false in one's statements and is why I try to be transparent, unlike some on here.

So to summarise I/we currently hold 400,000 shares at an average adjusted cost of sub 20p...

Hope this helps...E&OE.

Sadly Grimbergen the SP FELL from 30.15 to 27 on the last Regional Update (Feb 3)

Personally I believe we have to get the MD&A on Monday/Tuesday out of the way first...

Oh and BTW because it is a Canadian document it may well be published after hours today...then we're all stuffed by Monday one way or the other...

Montecristo...please read my posts which clearly state that after Monday we had 300,000 and that I added 100,000 yesterday afternoon at 21p...

If you want to be confrontational, please get your facts straight, otherwise its a cheap shot...

Here are the key figures from the September Quarterly MD&A:

Net working capital USD$110.4 million

Planned Expenditures for the nine month period: 1 October 2020 to 30 June 2021

Cascabel concession US$52.4 million

Ecuador Regional Exploration projects US$28.69 million

Projected Operating Loss for 6 months to June 2021

Operating Loss for September 2020 Qtr (2,017,915) x 2 US$ 4.04 million

Total projected expenditure US$85.13 million

Which theoretically means they can get through to June at least, with a 'buffer' of cUSD$25.3 million

This does not, of course take account of any additional costs associates with the reworking of the PFS, although there is an additional FNV $50m they could take up. The Feb 3 RNS appeared to imply they would not do that, but my telecom on Monday implied the facility bis still available...

However, this was the statement in the 'CRUX' clarification RNS

"The Company is fully funded for its regional exploration programme until mid-to-late 2021."

In conclusion I do not believe they could survive to end Qtr 3 without a cash raise, but it appears that they would only need this to fund an expanded Regional Exploration programme...which may, of course, already be underway...

AIMO as usual...

SOLG is one of the most advanced ESG miners in the world...

Blackrock will ONLY now invest in ESG ready companies...those that aren't compliant will lose out in a big way as funds will ignore them and gradually lighten their holdings unless they step up...

read Larry Fink's powerful 2021 Annual letter...Environment & Sustainability...

https://www.blackrock.com/uk/individual/2021-larry-fink-ceo-letter?siteEntryPassthrough=true&cid=ppc:blackrock_UK:CEOLetter:Google:responsive:en:keyword&gclid=EAIaIQobChMIh_SKwaTk7gIVjbbtCh0RKw9KEAAYASAAEgID8vD_BwE&gclsrc=aw.ds

"Over the course of 2020, we have seen how purposeful companies, with better environmental, social, and governance (ESG) profiles, have outperformed their peers. ...But the story goes deeper. It’s not just that broad-market ESG indexes are outperforming counterparts. It’s that within industries...we are seeing another divergence: companies with better ESG profiles are performing better than their peers, enjoying a “sustainability premium...The more your company can show its purpose in delivering value to its customers, its employees, and its communities, the better able you will be to compete and deliver long-term, durable profits for shareholders...."

So whoever bought 20 million at 14.5 would now have to sell at almost a 40% loss...

Hes also running DGR Global which hit a 6 month low on the back of SOLG on Wednesday...

As I've said before...I believe 15 or 16 February...

An MD&A is an audited factual document...anything positive is either fact or whatever is read into it.

I shall be looking for the cash position but there will of course be position statements on Alpala and the Regionals...don't expect anything like an 'Outlook'...

Ive given the clear reasons for that both at the time and today...if you can't be bothered to read them don't challenge me please...

Also you missed todays 100k buy...

I don't agree...

If they bought their first tranche at 14.5p I would expect them to have to pay significantly in excess of that for a bid...

How else would they have acquired 2.11% of the company without pushing the SP well above that...also they bought on 31 December and if they are a 'corporation' they would have created an instant tax loss that could be charged to bring the actual cost below what they paid in cash...

The average daily volume is 3 million shares (1.5m buys 1.5m sells)...

I suspect that they have been quietly buying in the market and...

Given that Trump seriously asked if he could buy Greenland, the thought crossed my mind that he might be the buyer...hence the secrecy...

(Just an amusing conspiracy theory...)

Only 100k so far...

Trouble is...Tesla bought $1.5 billion and sent the price to new highs...however...

Musk is in serious trouble again with the SEC for lack of correct reporting and influencing markets...

Also, having received $1.5bn 'green' funding, he's supporting a medium that uses more electricity than Argentina...

Watch Nouriel Roubini's take on Ctyptos in a Bloomberg interview and combine that with Yellen's attack and there's a crunch coming...

Gold has certainly lost out to cryptos, but I believe when the commodity superbly market gets underway people will switch out of cryptos into gold, silver, copper etc...platinum already leading the way...

https://www.bbc.co.uk/news/technology-56012952

I had an hour long call with a senior Exec on Monday which gave me a great deal of comfort going forward, despite no inside information being given away...

This is a refreshing change of tack towards openness and honesty and in keeping with having 'cleared the decks'...

It will be interesting to see how things unfold going forward, starting with a comprehensive MD&A probably next Monday/Tuesday...

I have no longer term concerns beyond how Alpala and Regional Drilling will be funded until the SP is marching robustly upwards...

However my short term concerns remain the Ecuador Election and what cash position the MD&A will show.

As to the Election, if it becomes clear that Arauz and Lasso are the runoff candidates I shall sleep easy on that also...Bloomberg seems to think Lasso will win out but Perez has clearly been inspired by Trump's actions...