Member Info for mattlilly

I entirely agree Colonel

No problem with people voicing their concerns or alternative possibilities, provided they do it constructively and aren't blatantly seen to be trying to get the share price down...

Phrases like "I believe"...or "I'm concerned that"...or "one possibility is that" rather than "this is going to 15p, or "this is another SXX", or "this is bust" or similar are not acceptable...

Equally, people who clearly do not hold shares talking it down or deramping...

Unlike "this will be 55p by friday" or similar comments which are clearly ironic or tongue in cheek...

Stop the Steal...

Confirmed in a call on Monday RICHOS...

The concerns are that a fund raise now would be at a weakness....that would see the SP fall further unless it immediately followed meaningful good drilling news...

Raising further money to get Alpala to DFS would mean diluting the whole company while the portfolio assets are rising in value...

It would have to be seen as a final raise for ALL purposes until DFS and CFP are finished and to find enough good results elsewhere to be game changing...

So BHP and NCM would have to be involved...then, after an initial fall this could put a floor under the SP from which we could move forward...as with June fundraising at 21.5p...but it would still be rinse and repeat...

I believe the Board has drawn a corporate line in the sand post Mather from which SOLG can move forward...have a 'clear the decks' fund raise and...with strengthening metals prices we can March forward towards 55p again...otherwise we remain a sitting duck takeover target...

Which is why I believe a JV with BHP for Alpala is the smart move right now...avoids the need for a fund raise...spikes the SP...

Then an IPO for Green Rock Resources supported by a Porvenir MRE/PEA...

AIMO as usual...

I think NMs intention with the Valuestone deal was to support the SP by raising funds close to the market price from a new, Chinese investor and leave them hungry so they would buy more in the market...but in doing so he almost certainly irritated BHP and NCM further...accelerating his demise...

$50m still available...remember they had several streaming offers when they were talking about financing...why would FNV walk away with a solid gold price and rising copper...?

Er...its $50 MILLION not Billion...

"The only addition I would make is that I don't believe we ever were going to take the extra 50 billion from Franco Nevada..."

I've spoken to the Company and the $50 million is still available...

And can you point me to where it says:

" the plan has always been to reduce them to 0.5% of NSR...."

Here is the line from the RNS

"In return for the Royalty Purchase Price, Franco-Nevada has been granted a perpetual 1% royalty interest..."

And finally...

Er....are you forgetting that SOLG has approached CGP TWICE for the whole company...?

CGP said the offer was ridiculously low...maybe thats the reason why nobody has approached them...

You just aren't humble enough to admit you're wrong...you constantly wriggle and wriggle and defray and actually misstate...

Do you think you have any credibility here...

What does "say Valuestone bid 90p" mean, if it doesn't specifically imply their ability or willingness to bid...?

OMG Quady...you cannot seriously believe that NM, Tenstar and DGR won't vote the same way...

Have you done ANY research on this...that's two rubbish statements already this morning...

Its been answered here several times...

75% control...

90% compulsory...

Quady...

For the umpteenth time...

Valuestone is NEVER going to Bid...

Its an Investment Fund with total Assets of $300m...

It is not within its terms, objects or strategy and how on earth would it even pay $1.3 billion for a bid at 45p...

You're a stickler for facts, so why don't you read this that I've posted at leats three times before....

"The target size of Valuestone Global Resources Fund I is US$300 Million. We have successfully closed the first tranche and officially started operations. "

http://valuestone.net/en/overview01.html

"Open pit or block caving? - UNSWorks"

10.48 this am...

I posted that on here hours ago...

Oh s**t...sorry mate...I just suffer from verbal diarrhoea...

Sorry just realised my error...sold 375,000 today not 475,000...duh!

I'll take that as a compliment Richr...

Poor recollection Miagi...

First time round bought 20p sold half at 42p; bought back up to 1.2 million at sub 19p average...sold quarter at 43p...should have sold half...reduced holding further in high 30s...traded in and out at the margins...increased holdings back to total 675,000 Friday/Monday...sold 475,000 today...currently 300k (100k her; 200k me)

You can make a record of that to pick me up next time...

Waiting for sub 20 but don't expect much movement for the next 2 months (I think the election was a big factor on Friday and I didn't take account of that).

Realistic concern that Perez goes into the final vote and pulls it off...strongly ant mining and environmental...

So on reflection took a load off the table...miuch better than waking up to a £48,000 fall first thing last friday...

In conclusion

I am very confident in the new Board and Management going forward; I believe they have 'kitchen sinked' any potentially bad news and sorted the corporate governance, but...

The stretched timetable means uncertainty until stonking Regional drilling updates and I would much rather emply the cash elsewhere at the moment, although £160,000 is currently sat in Gilts waiting...

I remain positive on SOLG, but I don't see anything to go for short term

Hope this helps

I would be delighted for those invested here to be proved wrong...I just decided to sell out rather than take the risk...

God willing I'll be back...

Otherwise you'll all make a packet...

Right now I prefer CEY, HOC, POLY and GPM...