Member Info for mattlilly

Just added more...667,000...

Remember this...

"The shares were sold at 14.5 pence per share, a 2.225 pence premium to the closing day's price of 12.275, to a single entity via an off-market transaction."

Thats 2.06% of the shares...I wonder how long before they reach 3% and a 'Major Holdings' RNS...?

Precisely what I intend TBTT

Just doubled up at 10.25p...

My guess is that the Alpala Project Committee is steering the news now...not NM...

A much more measured approach...which doesn't of course help the SP short term...

Always read your posts with interest MC...

Sorry arcadia...abso...

You're right arcadia, and ~I will buy more after the equity placing I expect...I was very clear at the time that I didn't mind if they fell further because the long term risk/reqard was on balance in my favour..

I just felt I had too much money concentrated in SOLG while we wait so I diversified...

Sorry to the rest for O/T

So tell me what my agenda is clever clogs,...having sold 318,000 and holding 675,000...with an average price of sub 19p and other prospects I have been holding back on...

You've seen what my view os on here...probably no news before 15/16 Feb...the risk of a small equity placing...and a prospective upside of at least 100% for two of the four shares I bought...

Whats the upside here for now?

But not to AE...lol...!!!

Theres no way we need 10 million...2.5 million will do...

Agree all of that GGG

Interesting that the video is now posted on the corporate website...a bit late...(RNS)...clutching at straws...?

OK

Yes but what I resent about MT, whether right or wrong, is how, having sold out 'months ago' he constantly bashes the shares, like about 30 times a day...

Does he have a sub plot to get the shares so low that he can pile back in...?

Not intended RICHR...how can I 'cross ramp' FTSE250 companies...?

I'm just being frank and open as always...

Don't be stupid BBG...we still have 675,000 ro why would I want the SP lower...?

But taking an additional profit of £40k can't be wrong in the interim...?

So glad we sold a total of 318,000 shares last week...didn't mention it at the time because I didn't want to destabilise the price...the MMs readily took size up to 75,000 at a time...

Funds safely reinvested in CEY, HOC, ADT1 and JAY for at least the time being...basically I took the view that at least before 15 February the stocks I've bought had better upside/less downside prospects than here...

Don't disagree about the possibility of an equity raise, having foregone the $50m FNV, but it could be around the current price from Valuestone/BHP/NCM...

Although he said he was confident of being able to move forward "pretty rapidly" and that "investor sentiment is strong" and "we still have 100% of the asset" and several times "the copper price is very much stronger than last March" or similar, Sasha failed to ask him about the cash position...

Given that Tony was talking about external; as well as internal due diligence and they're now stepping up work at Beutong (engaging with the communities"' as well as proceeding with looking for a new CEO, it seems beyond question that a cash raise will be needed...

Meanwhile they're still engaging with bankers about financing KSK and there is 'parallel' interest in the project...

I remain confident of ARS fiuture...I believe there will be at least one JV approach...but I won't be buying any more until an equity placing is out of the way...

The only thing that can confound that, in my view is if another party makes a firm approach PDQ, e.g. the Chinese...

Even then, surely a modest placing will be needed to fund the additional legal/DD work and keep the lights on...?

Its Hannam & Partners, where Ingo spent 6 years 7 months and from where he was directly hired to Solgold...