Member Info for mattlilly

Was that a nearly apology Quady...

"I agree nearly every deadline has been missed..."

Your earlier post...

"However because the company has done what it says it will do, people on here complain, that the company hasn't done what they want."

Oh and By the way...COVID didn't exist in July 2019 and wasn't a factor in Ecuador until March 2020...

"July 2019 The drilling fleet is currently expanding, from 9 man-portable machines to a total of 15 rigs expected to be active on the project by September 2019, bolstering the drilling fleet as the Company expedites data collection ahead of the planned Alpala Deposit Pre-Feasibility Study (PFS) deadline by years end."

Quady...a moment for self reflection...

You've said sorry twice...in 259 posts...

Your last 16 posts have a TOTAL of just 6 ticks...my two posts calling you out have 20...I'm not proud of that...

And then you go on to post yet another ridiculous, laughable statement which, as an acknowledge trained 'Actuary' just shows up your incredible ignorance of running a quoted PLC...

"CEO's of companies don't spend every day thinking how can we get the share price up..."

What is your FACTUAL basis for that...I have direct experience of exactly what you are propounding on and I can tell you that statement is utter and total rubbish...

Here is some facts for you to consider:

"The board of directors is elected by the shareholders of a corporation to oversee and govern the management and to make corporate decisions on their behalf. As a result, the board is directly responsible for protecting and managing shareholders' interests in the company."

"The CEO's job is to execute the strategy laid out by the board, the management team, and it ensure that shareholders interests are met."

Warren Buffett:

"Our long-term economic goal . . . is to maximize the average annual rate of gain in intrinsic business value on a per -share basis.We do not measure the economic significance or performance of Berkshire by its size; we measure by per-share progress."

"The shareholder wealth maximization goal states that management should seek to maximize the present value of the expected future returns to the owners (that is, shareholders) of the firm."

"Shareholder wealth is measured by the market value of the shareholders’ common stock holdings. Market value is defined as the price at which the stock trades in the market place, such as on the New York Stock Exchange. Thus, total shareholder wealth equals the number of shares outstanding times the market price per share."

I would love that to be true or then, but sadly its nowhere near based on Mather's interview in AFR on 6 January:

He confirmed he would like to deliver the Alpala final feasibility in 2021, but "I am not going to guarantee it''.

And the latter is a direct quote...

Remember the 14 December Presentation has Q4 2021 as the target and that was revised from Q3 in the previous one...

You can't stop can you...you're like the Republican Senators who quoted Trump as saying "no violence" when in the same speech he said "fight like hell!"...he also said "we're going to walk to the Capitol" and then set off top the White House...

So Quady...do you realise how stupid you make yourself look?

This is you:

"So please don't misinform people on here, about what I say and don't say, unless you actually read what I say first."

And this is you that I posted verbatim:

""Because RNS's were issued, which means it must be factual and relevant news to be released. It's a legal requirement, but you know this..." and

"The company has laid out it's position many times, and been consistent.
However because the company has done what it says it will do, people on here complain, that the company hasn't done what they want.".

"If Jason had not made that statement, I doubt they would have issued that RNS"

The trouble is Quady, not only do you make statements of fact and then claim they are opinions...not only do you fail to admit you are wrong, but you call others out for 'porkies'...

What is your definition of a porkie?

I'm not going to filter you, but do you really think you have much credibility left on here...?

I will continue to out you, like CNN with Trump, so keep posting your 'opinions' and I'll keep calling them out.

Meanwhile, I shall keep posting ACTUAL facts and ACTUAL statements that help, inform and create constructive debate...

And admit when I'm wrong...

This is JPM for you...

The Eduardo deal was a

"Disposal of shares through a block trade managed by J.P. Morgan Securities PLC"

It was executed on 3 December at 200p, down from 236.8p the day before...

On 14 January we get this...

"JPMORGAN CUTS HOCHSCHILD MINING PRICE TARGET TO 215 (265) PENCE - 'NEUTRAL'"

There are plenty here and everywhere suggesting over many years that the silver market has been manipulated...?

On 6 November the silver price closed at $25.5 and HOC closed at 270.4...

The silver price was then dropped to $21.9 on 30 November...just as Eduardo was contemplating his sale...it was hiked by 10% the following day...

Right now the silver price is $25.5 again and the HOC share price is 200p...

My conclusion...JPM are filling their boots for clients with silver futures, silver bullion and Hochschild shares...

If this doesn't get taken over, its booked for the stars...and my £100k backs that...

AIMO as usual...

Quady...as I spluttered into my early morning tea, I was going to post..."Do you really believe what you post?"

And then I realised...you're just like Trump...you DO really believe everything you post, while you call others out for 'porkies'...

Why don't you go the whole hog and call it 'Fake News'...

You constantly make statements that can ONLY be read as statements of facts and when you are called out you insist its 'opinion'...

So you say that RNSs only contain facts, because otherwise the Board would be lying and that is illegal. Here's you...

"Because RNS's were issued, which means it must be factual and relevant news to be released. It's a legal requirement, but you know this..." and

"The company has laid out it's position many times, and been consistent.
However because the company has done what it says it will do, people on here complain, that the company hasn't done what they want.".

So OK, Jason Ward stated in a presentation that the PFS would be another 3 weeks...and thats OK by you...so what about Mather stating in an Oz article that the DFS may be in 2022...?

So here are some 'Facts' from official Solgold RNSs...among many on the same theme...

July 2019

"The drilling fleet is currently expanding, from 9 man-portable machines to a total of 15 rigs expected to be active on the project by September 2019, bolstering the drilling fleet as the Company expedites data collection ahead of the planned Alpala Deposit Pre-Feasibility Study (PFS) deadline by years end."

"By years end"...the PFS completed by 31 December 2019...

And from a RNS in March 2020...

"The Company is pressing forward with work on the Pre-Feasibility Study (PFS) together with work streams to acquire further information for completion of the proposed Definitive Feasibility Study (DFS). Currently, subject to funding and land acquisition programs, these studies are scheduled for completion by Q3, 2020 for the PSF and by end Q1, 2021 for the DFS."

That's PFS by 30 September 2020 and DFS by 31 January 2021...

The latest Solgold Presentation, dated 14 December 2020 shows the PFS by 31 March 2021 and the DFS by 31 December 2021, but Mather has said the latter may now be 2022, which means the Financing Package won't be before 2022...

Frankly Mather's credibility bank is bust...we were all exhorted to vote and most of us voted to re-elect him, but I wonder how many would now?

And for as long as you continue to steadfastly support him, championing his integrity and commitment to us shareholders, your own credibility dissipates...

Come and join the majority on here who are objective...post facts and acknowledge when we're wrong...?

I was in the home end of the Den with my Dad because there was nowhere else to go. We were away supporters..it was like sardines...and then it started to rain...never been so scared in my life....here to tell the tale 50 years later...

Agreed Father Ted but we don't want to be holding the baby when the market cracks again...

Big tick. I wish Quady had your style...

Colonel...you don't seem to understand...

"Valuestone is an international private equity fund manager 9established in 2017) dedicated to mining and natural resources investment....The target size of Valuestone Global Resources Fund I is US$300 Million.

Valuestone emphasizes independent thinking and in-depth research....Valuestone’s Vision: to become the most respected independent natural resources investment management organization."

Those quotes are direct from their own website...

Valuestone is NOT going to take over or JV with SOLG...it has neither the scale nor the ambition...it is an INVESTMENT FUND...

Thanks Italian...reinforces my view that the next serious move will take us into the 50/55p range...

But what will trigger it...?

Interesting post schlem...especially this:

"That means Greatland’s potential 25% share is now valued in the market at a whopping £1.3bn – twice that of Solomon Gold which has six times the resource. It means that Havieron’s stockmarket value per gold equivalent ounce is an immense 24 times that of Solgold’s world leading Alpala deposit...."

Oops...should have said "less overpromising and underdelivering"...

Sorry

The FRC published the original "Combined Code on Corporate Governance" in 2003...

I implemented it in its entirety at a UK Quoted plc in 2006...its not complicated...

On December 8th 2020, Solgold, in a RNS 'celebrated' the implementation of the first major steps with the following words:

"The Board of SolGold Plc (LSE & TSX: SOLG) is pleased to advise of the following initiatives undertaken as part of the Company's continued Corporate Governance enhancement programme towards compliance with the UK Corporate Governance Code..."

"By order of the Board - Karl Schlobohm - Company Secretary"

It took an upstart of a company, Cornerstone, supported no doubt by BHP and NCM, to kick us into getting this far...

However, we do have a more balanced Board with half a dozen outside Directors and a 'Senior Independent Director' and a Committee structure which, with one exception I also implemented in 2006...

That Committee is the "Alpala Project Committee" with two independent Directors (Marshall and O'Kane), Mather and Ward.

Irrespective of what is going on in the background, with regards to JVs, Bids, Regional Drilling, or whatever is happening, there is now a proper Board process to take Alpala forward.

The AGM was on 17 December and, based on the withdrawn resolutions and Nick's 'near miss' I am confident the Board will have met since.

The Alpala Committee may only recently have met, with Xmas, New Year and COVID, but we can be sure that we shall see something in relation to the outcome of those deliberations pretty soon, however...

If there is 'corporate activity' going on as mentioned above, the Board will have their hands full and we can be sure that as soon as a notifiable event occurs, we shall get at least one RNS.

In the meantime, I am delighted that the flood of Regional RNSs has slowed down...the overhyping was killing the impact of what were/will be, truly momentous developments.

As I said in my emails to Nick before Christmas...please can we have less overpromising and under developing...less hyping...and a more steady flow of exciting RNSs that will do the job of lighting a fire under the Share Price...

GLA

Hi phat...CFP comes after DFS...both scheduled by end 2021...even 2022...

I hope Nick's got something up his sleeve.....

The leviathan has awoken...

Meanwhile, what happened to...

'Shock and ore (Porvenir)..." and

"The sleeping giant (Rio Amarillo)..."

Hi DBW...just bought Villa Borghetti Valpolicalla Ripasso (poor man's Amazon...) on a Mix Six of £10.99 at Majestic...

You can still find Chateau Musar at £26 if you look hard...

Cheers...Glug!

Based on the 3rd Qtr Production Report, I estimate gross revenues from Gold at c$75 miillion and silver c$60 million...

Why aren't we being rated as a gold miner...?