Member Info for mattlilly

I have a simplistic view of charts...loads of support around 25/27...

Lets see...next milestone is the MD&A report on 15/16 Feb...

If its true that the Board will see the PFS this month, it may well be released then or shortly after...

The CFP will not only substantiate the go ahead for production, but may also fire the starting gun for bidders, if the PFS doesn't...

Or...the CFP will be redundant because a JOV will be announced for Alpala...CGP very quiet considering...

AIMO as usual...

Did you miss my reentry yesterday MC at 28.14p...

All back in now...596k for me...225k for her...

Are you kidding smallacom...

42p on Oct 9...37p on Oct 27...38p on Nov 18...38p on Dec 3...38p on Jan7...

27.4p today...AFTER a complete Regional update...lowest since Sept 30...

No CEO...No PFS...CFO and Chairman gone...we need something very cute, specific and strategic pretty soon...

20th Century Governance introduced 15 years late...

Nothing to look forward to for the next few weeks...SP drifting...weak and impatient holders selling...potential buyers holding off for lower prices...

What do they get credit for...?

I thought the Board said Q1...and that's what were all hoping for...no more delays please...

In fact I could now take a small profit...

Thats interesting...I just bought 100,000 at 10.12p and the next price is 10.45...

Looks good for the close...who says 10p is resistance...might be support tomorrow...

We'll see...

If 10p is resistance, why did it close overnight at 10.35 and why have 35 of the last 60 trades been above 10p, including 10.70 and 10.65...

Oh and BTW those two trades at 10.16p (50,000 and 19,684 are Buys...

I hope you don't miss out with your slavish adherence to charts...

"its actually US that are the problem..." fat thumbs...

As it wasn't in the ironic bit Colonel, I'll take that you are accusing me of lying.

"Redknight is in when hes actually out."

I'm afraid I've added you to the filter list..I've respected many of your posts in the past, but clearly .there are better people on here...

OK so despite taking a profit, when I cashed in ATYM again it was at 227p...current price 272...

I took a 3 bagger on ARCM at 4p and then watched them sail on to 6.7p...

Sold out of JAY at 12p...bought back in at 10.75p average...yesterdy they bottomed at 8.76p...

But its like SOLG...I might regret not selling more at 43p but I'm not regretting selling at 33/34 and buying back at 28.14...

I used to be a stockbroker and sometimes the old adages get in the way...

"Its never wrong to take a profit..."

"Leave something in for the next man..."

Etc.

But the one I try to apply to self is never to sell any share where the medium term prospects are greater than the share you would replace it with...

Or the other way around...

You're right about the US, but its actually UD that are the problem. Many years ago Ian Botham went to play Sheffield Shield cricket...when he cam back from a successful trip he was asked the difference between Australia and England...

"In Australia they tell you how good you are and how well you've done...

In England they put you on a pedestal so they can smash you off..."

Doubt I'll ever be on a pedestal...

Cheers

I'm talking about the pathetic arguing...take a chill pill and don't take it personally...

Oh give it a break Miagi...you're making Trump seem docile...

Peace and love...

Something similar happened with JAY Colonel but over a few days...

It bottomed at 8.76 yesterday am and by late afternoon was pushing 10.7p...

We need these Reddit guys over here...

Do the maths RICHR...its £200...

gov.capital is predicting these copper prices for our production start date of 1 January 2026:

Price - $12.623/lb Range $10.72955/lb to $14.51645/lb...

If that comes true the SOLG SP will be north of £200 by then...

hxxps://gov.capital/commodity/copper/

You pays your money....

Novicehunter....its very simple...while I'm not a trader, I lighten my load when I think the SP is going lower and buy back when I think it has fallen far enough...anything wrong in that...just in the last few weeks in SOLG that has reduced my average cost by almost £13,000...

What's your definition of "tripe'...?

And second, everybody who really knows me on here understands that I'm always very open with what I do. It goes back to when I was called a liar many moons ago and ended up posting the actual dealing orders I had made.

I share what I do here, not only to be transparent, but also because I know some people are influenced by what I do...if that makes them extra money or saves them costs or worse still losing money, all well and good...

We are a community...we discuss...we exchange ideas...we share the pleasure and the pain...

I quite understand that my posts may sometimes come across as self congratulatory...that isn't my intention...

We are specifically banned on LSE from posting recommendations so instead I simply post what I've bought and what I've sold, here and in other stocks, in the hope that others may share the benefit.

Yes I get it wrong sometimes, so yesterday I stupidly TWICE accidentally hit the sell button in a stock I was 'dummy' check ng the price of...a stock I didn't want to sell..that cost me money...

Also it would be easy to regret not selling HALF our SOLG at 43p (which is my core strategy when a SP doubles), as opposed to a quarter, because I thought they might go even higher...so instead I have been steadily reducing my average cost by trading in and out at the margin to try and achieve the same end...

I hope this helps better than your inane personal attack?

I have a suspicion that the December Presentation chart has been subtly changed...however, on closer inspection...

The CFP and Fiscal Negotiations processes started in June 2019, but the PFS process STARTED in October 2019...all three are now scheduled to complete by end Q1 2021...

Offtake discussions also STARTED in October 2019 but are scheduled to finish later, in Q2 2021...

The DFS process STARTED in January 2020 and is scheduled to finish in Q4 2021, when the "Project Approval & Financing" are due, together with the "Construction Permit".

It is beyond doubt that discussions with the prospective engineers will already have commenced during the PFS/DFS phases, in order to inform the PFS and CFP, but will continue right up to the Q4 target.

This is beginning to feel real, but I still think that the way the SP has drifted makes SOLG a 'sitting duck'...the Chinese have been hoovering up global copper and silver and with the Biden Green Revolution, these two metals have become globally strategic.

Whether you're the Chinese needing to feed the smelters and resource the biggest EV market in the world, or 'major miners' who are running out of resource (the global unmanned gold resource is down to just NINE years, for example), somebody's surely got to buy this rich portfolio of metals whose market price is only going one way...

Jeffery Currie at Goldman Sachs is calling a global 'super' bull market in commodities with, e.g. a target price of $33 for silver and points out that EVERY global commodity market is in deficit, except zinc and palm oil...

Onwards and upwards...

Final purchase of 63,444 at 28p takes me back up to 599,666...that'll do...

Onwards and upwards...

GLA

PRODUCTION STARTS......2026...or later...

Quady just to clarify the timings...

You state: "We need the PFS, and am uncertain if we require the DFS before CFP.
But the CFP is coming, it is still in the latest RNS this morning."

Correct and no we don't need the DFS until just before the ACTUAL, FINAL financing package. The RNS states:

"SolGold is currently progressing its Pre- Feasibility Study...SolGold is currently assessing financing options available to the Company for the development of the Alpala mine following completion of the Definitive Feasibility Study."

The PFS and DFS are distinct and 9 months apart.

That wording is misleading, because the latest Presentation shows the CFP and PFS co-terminous in Q1 2021

I understand you reading it as "financing options available to the Company...following completion of the Definitive Feasibility Study.", but I think it should be read as:

"the development of the Alpala mine following completion of the Definitive Feasibility Study."

Because the timings are:

The revised PFS comes first - Q1 2021

Contingent Financing Plan - CFP - Q1 2021

DFS - Q4 2021

FINAL financing - Q4 2021

(Except your erstwhile mate Nick let slip that the DFS/FFP might slip into 2022...)

So in conclusion, I believe the PFS and CFP (ideally released with the MD&A on Feb 15/16) will be bullish, provided the CRUX report is, as we suspect, way off the mark. It had no credibility for me when it was dated January 2020 but had October 2020 metals price assumptions...

But I do NOT think these project elements or timings prevent either a takeover bid or Joint Venture.

Indeed I'm drawn to the view that either, if they are going to happen, might as well wait for the PFS/CFP as they will have been independently verified and therefore helpful for an outside party as well as the SOLG Board...