Member Info for mattlilly

"Having an argument, quarrel, fight, brawl...."

The clue is in the name...solGOLD...

Bitcoin is yet another bubble that will burst...driven by greed and FOMO...

crew time filtered...

UT 391685 at 35.60...

Be nice to see a GGP carbon copy here...

The MMs have taken every opportunity all day to mark this down...that suggests to me that there is a persistent buyer in the background with a cap at 38p...I expect another juicy UT today....

Buys coming in...? And down we go again...?

Very bullish UT IMO...746,374 art 38p was completed at the intraday high...

Looking forward to tomorrow...

And this would explain the radio silence on Porvenir...

SOLG could IPO 'Green Rock' to raise funds while retaining say a 85% stake...

It seems significant to me that on the latest Presentation, FOUR of the five prospects listed in detail are Green Rock:

Porvenir

Timbara

La Hueca

Celen

The only other one mentioned aside from Alpala is Rio Amarillo, which I'm certain he wants to keep because that is the 'Sleeping Giant'...

On top of which, Nick has specifically singled out Sharug for mention recently and that is also a Green Rock prospect...

Such a strategy would be entirely in keeping with the strategic business model Nick has used at DRG...his 'alma mater'...

All comments welcome...

BHP aren't at risk of losing anything...they could buy SOLG whenever they want...at the right price....they can buy more shares in the market or from another holder, as they did with Guyana...

Even if FNV were to do a massive chink of the Alpala funding that isn't going to happen before 2022, because that's when Nick says the DFS may be delivered...CFP follows that...

I repeat...BHP don't need to be frightened of anyone...they weren't frightened against trying to vote Nick off the Board...and yet Nick is now holding out an olive branch...

It was rhetorical Lafitte...

Why wouldn't NM issue further stock to BHP at 45p say...?

The Chinese got theirs at 'market price' on 12 November...

I came across this wise quote in relation to another company...

"Something always fills a vacuum. The long vacuum caused by no participation by the company....got filled with speculation and wishful thinking."

And so it is here...

I would like to think that Nick has finally got the message...STOP overpromising and underdelivering...'Shock and Ore' is a quote we may remember for a very long time, mainly for the massive anticlimax that followed...

Apart from the conciliatory tone in the AFR article, what caught my eye was Nick's suggestion that the DFS may be delayed into 2022...THAT sounds like underpromising to me...

It seems notable to me that there have been SEVEN exploration updates and countless conference presentations since 9 October when the SP hit 43p, but it is now 15% BELOW that...

So...unless there's another reason for the radio silence, there will be pent up desperation by the time the next juicy RNS hits and FOMO just might ignite the SP...

Remember, in August, a Mining Weekly article posted by SOLG on its own Twitter feed, said Solgold was the hottest takeover story in the City...

And what, you may ask, might the alternate explanation for radio silence be...?

A takeover approach or even JV discussions for Alpala would preclude any other RNSs being issued...

I am of the view that the next sharp move in the SP will take us through 50p,,,whatever the reason...

GLA!

Sound post iceberg

Who's 'playing games'''? And why is it always about you....?

I'm taking a conciliatory tone...but as you mention it, here are some of the very many examples of how others post...

"Or is that over thinking it?"

"that sounds about right"

"I believe Mather's every action"

"I guess that's possible"

"you might see bhp/ncm coming in"

"That's my take on it."

"so what other angle you thinking there?"

"I tend to agree"

"maybe the AGM was needed to finally get everyone round the table"

"Solgold may be trying to hang on playing for time "

"Nothing to worry about in my opinion"

"Well am I wrong!!"

Etc......

Its interesting...while some of us use 'may', 'could' and similar language that invites open debate, others post as if they have a hotline to God...with such certainty..."this WILL go to production"..."Nick WILL do this"..."BHP WON"T do that"..."NCM WILL do this"...etc...

"BHP are not running this show. They can launch a bid anytime.
The fact no bid has been tabled, tells us all something. That is they don't want to pay anything like fair value...."

Let me remind you...On 16 October 2018 BHP paid 45p when the SP had been 31.5p less than a week before...sounds like 'fair value' to me...at the time...here's the relevant RNS bits...they settled for quite onerous 2 year terms...

"BHP Billiton Holdings Limited (BHP) to subscribe for 100 million shares at 45p to raise £45m (USD $59.2 million).

BHP will, for a period of two years, support the recommendations of the Board of Directors in respect of SolGold Board composition."

And as soon as that condition was redundant they voted against Nick...

And really BBG...."Accepting Franco will frighten BHP..."

You cannot be serious...!!!???

A £110 BILLION Mining giant...one of the biggest on the planet...will be frightened by a £774 MILLION company with no producing assets for at least six years...

That made my day...!

So many people, including Nick, have said or implied that Alpala wouldn't be sold because of the tax liability...isn't that too simplistic...?

It has a very fast payback so SOLG will be paying corporation tax on profits anyhow...so why worry about tax now if it releases, say $2 billion net that can be disposed to take the other prospects to production one by one...?

For me, unless a hostile bid from the likes of Barrick or the Chinese comes in, a JV with, probably NCM for Alpala is a no-brainer...NCM raise the cash to develop...SOLG SP goes up and Nick can raise funds cheaper to develop the other prospects...

Have cake and eat it...?

FNV?

If you look at the effect NCM's JV had on GGP...and AAs prospective JV on ARCM...let alone Rio's possible involvement in JAY...I think we could realistically expect that a JV announcement with either NCM or BHP (but even more so with the former, because of the stimulus to BHP's strategic intent...) could realistically expect to propel the price to a new all time high, possibly through the 50s and into the 60s before refuelling for the long term...

But a bid approach....that would propel us stratospherically...!

IMO as usual...

The Franco Nevada decision is now pivotal...if the extra $50m doesn't get taken up the game is on....

Blackrock buys through one source so why wouldn't it vote through one source, whether or not the investment is disposed across different funds....?