Member Info for mattlilly

"NM's aim to take this to production could very well end up Sirius way."

Absolute garbage...and that's a fact not an opinion...no doubt you're yet another deramper...

If you don't understand the vast difference between SOLG and SXX you should sell up immediately and buy something safe like National Grid with a 5.7% yield...

Sirius didn't have anywhere near a 4 year payback...whatever the costs...

They couldn't even raise the first half a billion of debt to sandbag the financing...

SOLG already has financing offers for at least $1 billion

The material IS important because there is virtually know current demand for polyhalite...

Whereas there is widespread market conviction that copper supply is going to be in deficit very soon...

Why cant you get this?!

Polyhalite is not potash...

Potash is not copper, gold or silver...yeesh!!,

Quady what is the difference between loans and bonds if the bonds are not convertibles...? Show me the evidence that banks are willing to lend even $1 billion for mining right now. Every expert will tell you that banks want the company to have 'skin in the game's which means up to 50% equity...

The only way through this is a JV and BHP and NCM know this...but being major miners they would have no difficulty funding this...

Quady weve had 3 drilling updates in a week and the SP hasn't budged a jot...

Bitcoin doesn't have a market cap because it has no underlying assets...its a Ponzi scheme controlled by a few players...

Silver has investment, jewellery and industrial value...just look at how much goes into EVs...

164311 at 37 but...

Someone bought 500,000 at 37.753 after hours...mopped up the sales...

https://www.youtube.com/watch?v=gU0Z85mNweE

Not by Christmas...

Meanwhile Pierre Lassonde says Gold at $20,000 and "any new resource 10/15 million ounces of Gold there'll be a bidding war..."

How many ounces in Alpala alone...?

You'll be lucky to get 50...

Depend which way you look at it Quady...at Hot Copper in August 2019 he said the PFS would be completed by the end of Q1 2020...yes...2020...

Obviously COVID has been a major factor but I think thats why he's targeting the CFP to be co-terminous with PFS...

'Well on the way to completion of a Bankable Feasibility Study by the end of 2020'

'Undertaking drilling activities in some of these regional opportunities, including Porvenir, Rio Amarillo, Blanca, Quangos...there's a number of them we're very excited by..."

He's definitely no older than 61...

https://www.marketscreener.com/business-leaders/Nicholas-Mather-05WRYP-E/biography/

Some interesting thoughts for Quady...quotes:

When SOLG turned BHP's first "big offer" and took NCM instead, Solgold "wanted to ensure they were still open for a takeover offer and free to negotiate with other people..."

'When BHP took over the stake from Guyana Goldfields' "BHPs geologists had clearly been keeping a close eye on this..."

"A Junior company can't manage this (Alpala) forever, its got to go into a major stable"..."and BHP are the right people for this..."

"and so BHP have made what I regard as a hostile move, not going to Solgold but going to another mining company..."

"For me I don't see BHP stopping at 6.1%, I see them wanting to build this to a near controlling stake or a controlling stake..."

"So perhaps the next move is to go to Solgold and say 'we'd like to finance the next $20/30 million, or perhaps to move on the whole company..."

"You can't get into this for less than $3 or $4 billion so its got to be one of BHP, RioTinto, Vale, Anglo American..."

"But for me there's a lot more value in the rest of Solgold..."

He directly owns 200 million shares without DGR...

That's £75 million at current prices...

He talks the talk but which would he rather have...£200 million now or in 8 years time...?

Tough call when you're 60...

https://gb.wallmine.com/otc/slggf/officer/2024330/nicholas-mather

Sorry for the c**p post...thats not how I typed it...

Here's a scenario....Given that Alpala, Porvenir and Rio are each owned by different subsidiaries of SOLG, how about if...Alpala is JVed with NCMPorvenir with BHP andRio with Barrick...Then they get funded to production...big ticket names attached to the CFPs and no difficulty...

Cracking posts schlemiel...but why would BHP or NCM deny the ability to issue additional equity when that was what they wanted rather than the FNV deal...?

Aye pity it had to be triggered by CGP...a Canada registered company...

Probably the result of the previous Board being OZ domiciled...NM and Moller have been Directorsn since May 2005...

Today's RNS is about requirements for all London listed companies...SOLG should have done these years ago...