Member Info for mattlilly

So who have UNS sold out to?

How about ADT1? Full production shortly...or BRC.TO...huge fund .345...hit 154 in 2020 an 126 in 2022...

Despite the AIPA and the release of tranche 2 of the FNV funding, we don't seem to be able to sustain a rise in the SP.

Surely this puts beyond doubt that this is being manipulated?

The SP has ceased to have any correlation with the gold price...nor even the copper price...just look how ATYM reacted as copper rose over $5...

Sadly the Chinese State has limitless ambition and firepower and they own Jiangxi...

So lets hope for a bidding war when the starters pistol is fired!

Thanks Stanley. Very informative…

It when will silver break above $35…?

With all the news still to come, roll on £5,,,,,,

How long before the world switches wholesale to hydrogen...?

If 80M find any its a game changer if you read this:

https://www.cnbc.com/2025/04/28/natural-hydrogen-mining-giants-and-big-oil-jump-on-the-bandwagon.html

Bezos and Gates own Kobold...

"Over the past year or so, some of the sector’s established backers include mining giants Rio Tinto

and Fortescue, Russia’s state-owned energy giant Gazprom, the venture capital arm of British oil giant BP and Bill Gates’ clean tech investment fund Breakthrough Energy Ventures."

And just in case nobody can find commercially viable hydrogen I have shares in AFC, which cracks it out of ammonia and has generators that can produce 5mw hours a day with no hydrogen transportation problem... (their latest goals equate to a £12.75 SP...)

I'm in regular dialogue with Ingo and on the subject of gold plays he commented:

"SOLG is just not able to make use of the high gold price"

And my assumption is that it will be a copper streaming deal because mainstream finance would be out of the question since the Bond Market collapse triggered by Trump...or at the very least prohibitively expensive.

And we certainly don't want a Convertible financing which would massively dilute equity...

This is a major frustration...a couple of years ago I would have said that there was at least some correlation between SOLG and the Gold price...that seems to have disappeared...

I've just charted SOLG vs XAU and that correlation disappeared after August 2022 and there has been a 130% decline in the relative values since...

And yet Gold currently accounts for 44% of the value of the metal in the ground ATMO...

I'm very clear that particularly since Keith Marshall looked at it, we would start with Open Pit mining and concurrently commence shafting the declining passage into the centre of the ore and then in the third phase open up the block cave.

You mean "streamlining the permitting process" PBow?

Fair point.

I would only add that the "Feasibility Study" or in this case AKA the 'DFS' is the point at which the 'Financing Decision' is made.

And Scott gave a very strong hint that the remaining $900 million (or less if Tandy and other review work show cost efficiencies, especially based on an accelerated development and a simpler, cheaper startup to mining and processing) would come from a copper streaming deal...

Hopefully copper will continue to recover towards its ATH to improve the economics on this.

“Public listing ensures access capital markets and transparency for shareholders…”

Solgold Mark 2…

Solgold shareholders receive direct equity in ExploreCo…this implies an IPO…

“The Feasibility Study is expected to support Project Financing in conjunction with Streamers’ tranche two drawdown, creating a clear pathway to development.”

This is a clear statement that the project can be fully funded with the balance coming from one or more ‘Streamers’.

Presumably copper…

When will this be reflected in the SP?

From the Interim Results:

"he Directors have prepared a cash flow forecast for the period ending 31 January 2026. This forecast indicates that the Group and parent company would expect to remain cash positive without the requirement for further fund raising based on delivering the existing pipeline, for a period of at least 12 months from the date of approval of these summary accounts."

From the RNS:

"In addition, ITM has been net cash generative in the second half of FY25, and we now expect cash at the end of the financial year to be between £204m and £205m, an increase compared to our half-year cash balance, which stood at £203m. The original cash guidance, issued in August 2024, was between £160m and £175m and in January 2025, the guidance was increased to between £185m and £195m."

Surely that must mean that we have been trading at a profit...?

How else would we have increased CASH balances since the end of October...?

As I said before...Barrick are my favourite...

Bonkers!

NAV 68.95...sold 30k at 54p just bought back in 32k at 52p...25% discount...!

But surely that interest can be renewed if necessary. I know from my own experience that IPOs and M&A often take longer than you would wish or expect.

You cannot persuade me that ANY party in the data room would willingly walk away unless they believe they would not have the firepower to potentially be the successful bidder.

However, SOLG may have said "put up or shut up" to tidy things up...

The thought also occurs to me...

The idea of open cast mining to fund the development of the block cave mine emerged under Keith Marshall and has evolved through PFS2.

I believe in the DFS there will not only be more ore to mine because of Tandy but, with FNV having allowed it to be bound into Alpala it must be possible SOLG won't need any more than the current $750 million to start mining...

Surely any hint of that and the SP will spike, together with the predatory interest of prospective bidders.

Irrespective of what Smith has said or not said, he is practised and skilled in M%A and he committed to me to maximise shareholder value.

I still believe there is a giant game of 'chicken' being played out here with several majors interested. If so, nobody will want to make the first move unless they have huge firepower (Noront shares rose almost 9 foid in a matter of months) and a determination to stay till the end.

All the non Chinese know China has a potential stranglehold on copper and that Jiangxi, owned by the Chinese State may have huge firepower.

When you look at the protracted and comples process of proving and developing the Oyu Tolguei mine and Rio's huge probems in getting into production, Alpala must look like a walk in the park in comparison.

The Chinese will be determined to get Cascabel and the North American and Oz majors will be equally determined to stop them.

All we need is for somebody to blink and make the first move.

SOLG is NOT going bust. Its only a matter of time and nobody can predict what the exit price will be...

And it must be going up the longer the parties in the data room wait...

Tick Tock...