Member Info for mattlilly

That's incredibly helpful PGE...

But it begs the question...especially following Nick's previous comments, including 'shock and ore' why they rushed this out...

Maybe its because they already know that subsequent news on Porvenir will be blockbusting...

After all, there is no legal or regulatory requirement to issue an RNS like yesterday's...

Nick and Benn would know that clever guys like you would be able to understand and broadcast the interpretation and significance...

Curious...maybe he's spoofing the 'ordinary' private investors he wants to vote...

Thats a good point Lafitte and as you know, if you have a large sell order you are required to show ithe whole of it to the market not do it in dribs and drabs...

Mind you altos have a mind of their own...I think... ;-)

Aye Steve...its known as spoofing...technically its illegal but FCA never does nuffink...

Its like shorting, which is legal and the 'experts' say its fundamental to the working of the markets, but it was shorter that nearly drove Halifax into the dust until the Govt. stepped in...

Too many hedge funds and others make money out of destroying corporate value...no wonder there isn't enough corporate capital investment in this country and so many small companies go under...

Not guilty on that one Quady...

Hi Sotolo...bought over £100k from 199 down to 188...average 195...an absolute steal for the long run...

RCB 325p Peel hunt 330p...enjoy...

This is a double bet on the HOC price recovery and Gold/Silver prices...

ATYM has been running on sub 50 since it started production and its doing very nicely...highly efficient production methods...

earthling...even if we all knew the real import of the Porvenir grades, the way Nick has managed the PR/IR has taken out most of the potential impact...

Exactly right zoros...Nick and his mates have simply got to stop overhyping these finds, because they're taking all the impact out of the RNSs when they finally arrive...

The Porvenir RNSs should have been received with the same euphoria that Alpala was, but 'shock and ore' took out most of the potential impact...

Yes, yes and yes...Rio Tinto was already an open pit...open pit mining inevitably is far quicker to develop than block caving...

That's why I think Quady's conviction that Solgold will take Alpala to production is stretching credibility...remember we're talking about more than FIVE YEARS from now before the first ingot is poured and that is based on the November Presentation which had the PFS by 31 December...

Six full years' to a full year's production...there is no way SOLG can go that far without receiving a bid or bids...

So Quady's best hope right now is for BHP to JV Alpala...otherwise its curtains IMO...

It is worth watching any of Nick's recent presentations where he does the slide on the 'value valley'...

What this basically means is that, if SOLG had Alpala alone, there is a long gap in time between PFS/DFS and production, during which the SP would tend to drift lower, leaving out external factors such as the copper price or any predatory interest.

Nick is in effect acknowledging that and his strategic approach is to fill the 'value valley' for each of his projects with news, PEA/MRE, PFS/DFS on each prospective new Tier 1.

This is in essence a clever strategy for as long as SOLG remain in control of their own destiny...

A big question will be whether the CFP will be specifically linked to Alpala through ENAMI, or raised through SOLG as a whole...if the latter then the terms achieved may be better because of the 'added value' of the other projects...that allows you to fund each successive project out of the cashflows from the previous one...

But that is a very long timescale for the market and indeed the Ecuador government to swallow, so...

I suspect that one or more of these Tier 1s may be spun off, maybe even IPOd through their own parent company, which opens up the possibility of JV'ing Alpala and getting on with the others...

If you want a very good example of the 'value valley' have a look at ATYM (which I've been in for 5/6 years)...

ATYM received the official permission to start mining at Rio Tinto on 11 April 2014...the SP was 296p...

First commercial production was declared in Feb 2016 but the SP drifted all the way down to 85p by October 2016 before climbing steadily to 250p by July 2018...having been in full production and generating significant cashflows for three years now, the SP is 227p...

Of course different people on here have different strategies and different goals, but if you had the choice, which would you opt for...£1 now or in six years' time...

BTW ATYM has still never paid a dividend...I don' expect this before 2022...

ATB

You're right earthling...its certainly not Mather who decides what is an acceptable bid, once we get above 'low ball'...

He only controls under 21% of the shares...you only need 50% for it to be difficult to defend...and at 75% its a done deal to all intents and purposes...

While BHP and NCM may have originally been in for JV reasons, the game has changed...CGP want SOLG taken out...there must be a price at which BHP, NCM, CGP and the recent institutional investors would take the money, unless BHP wants SOLG themselves (NCM aren't a serious contender)...

And how many on here would turn down £1 if it was offered tomorrow...tough one....Quady would though...

Hi Schlem...hope you are doing well...

Mather's valuation is quite clear...it is pro rata to the FNV deal...or the NPV of the revised PFS...

Iceberg..."flavour of the times".....??!!

The Combined Code on Corporate Governance was produced in 2003. All these elements were there then...

I was implementing them in a quoted plc in 2006...

Major miners will have had them in place for 10 to 15 years..

I am...simply stunned...

As someone who has written the Corporate Governancecfor several major organisations, including plcs, I am simply shocked by today's RNS.

We've now had the minnow CGP embarrassingly announce the revised PFS date days before SOLG did and calling out SOLG on their abysmal Corporate Governance.

For al, those fans of NM hes run this company like the wild west on CG with Moller.

Now were in the 21st century on CG, ESG and the othetcprocedures which are standard for a 'major miner's we can at last move forward..

The outcome of the AGM will be interesting to say the least in the light of this RNS...

It looks like it will be fulfilling many of the elements of CGPs requested EGM...

UT at 37.3 down 0,55

looks like at the moment Nick is using RNSs to keep the price from falling...

Down since the previous Porvenir RNS...down after this one as well...

If this was GGP we'd be through the roof by now...

And down she goes again...

Is someone shorting this ready fro a bid...?

What will it take to budge this share price...infuriating...

These results are at least as good as Al;pala but we're still only priced for Alpala...

Crazy!

Our mate zoros has been beavering away manfully on the CGP CEO.CA boards...

Just read scores of posts...hilarious the delusion of the guys over there...

Bet they got a shock when, having read the latest presentation giving reasons to buy CGP (founding Directors paid $8.60...Alpala linked worth up to $18/share)...they got hit by a $7.7 million placing at $5 just to keep the lights on...

They can't even afford a fraction of the drilling programme they need on their multiple sites...no wonder they've put themselves up for sale...

And NOBODY has an answer to the $450/$750 million they have to stump up when the CFD is published...

Almost as hilarious is that they cite the FNV deal as a reason to buy CGP shares, when their Board publicly lambasted the deal...

It must be Christmas...ho ho ho...

I say again...where is the evidence that BHP are even talking to CGP...

The SP is in the low $5s and has fallen steadily since 13 November...

Markets leak...don't you think the SP would be moving up rather than fading away ever since the SOLG bid failed...

Too many conspiracy theories on here IMO...