Member Info for mattlilly

I'm reassured that these were placed through JPM...nobody knows the gold/silver market better...these will have gone to instis and serious investors...

For those worried about the deep discount, what would the price have been for an equity issue of 12% of the shares...?

Eduardo has sold almost £150m of these (valued before the sale)...that takes some placing anyhow, but...

HOC makes more from gold than from silver...they've just declared a dividend...the 2021 production is forecast to be some 30% above 2020...

And I remain very bullish about Gold and Silver...so does Nouriel Robin, one of the most respected market commentators in the world...watch his December vid of 23 reasons to buy gold...

https://www.youtube.com/watch?v=yCX2dku83_0

HOC is now my third largest holding...

GLA

With 85% SOLG has effective total control which is why they wre able to go ahead with the FNV deal against BHP, NCM and CGP wishes...furthermore they have 72 prospects, 2 Tier 1s and the possibility of 3/4 nore...CGP has previous little to pledge...if anything...

Sid...I'm not talking about the costs incurred up to DFS...I'm talking about the Contingent Funding Package to finance the development, which is $3 billion...that liability arises as soon as the DFS is completed, but will have been 'contingently' arranged at the time the PFS is completed...then CGP will have to say how they will raise their $450 million without pledging Cascabel....

"CGP insiders raising far more than they realistically need...?"

They raised $7 million at $5 a share...as a result the SP has fallen from a high of $6.42 in Sept to touch $5 yesterday...

Their operational cash burn is $7/9 million a year. They have no revenue at all. They are making 'share based payments' of $1 to $2 million a year to the Directors...

They have 8 different prospects...3 have 'penal'earn ins...

They have prospective drilling to do on at least three of these and we know how much that costs...

In the last year or so they have been selling SOLG shares to keep the lights on and...

Their $165 million MCap is largely predicated on their stake in SOLG which they value at $72 million plus the prospects for Cascabel...

In any other time dimensionvthey would be bust...

But how do they raise their share of the funding...?

15% of $3 billion = $450 million...and they cant pledge 15% of Cascabel as security...?

Can you believe, GGP is now worth £250 million more than Hochschild, which is one of the world's top silver miners and a FTSE250 stock....absolutely nuts...

His value has already fallen £42,000 just today...cheapskate...

At this rate GGP will soon be the same price as SOLG...now where did we go wrong...?

Prospectively at least 3 Tierc1s...Nick talks about 5 or 6...j

CGP now $5.03 having been $5.00 next stop $4.35...?

Highest ever is only $6.35...what are they smoking...$18/ share...?

You left out hostile takeovers...whcih actually achieve better value for shareholders...

"Shareholders of hostile takeover targets en- joy substantial increases in the prices of their shares as a result of take- over attempts. These increases are as large as, if not larger than, the increases resulting from acquisitions that have target management’s ap- proval."

Do you think Barrick bought Randgold or Newmont bought Goldcorp with either key...?

If that were true TBT why is CGP tanking...things leak...

CGP down to $5.05...what a shambles...yerssss get in....

How on earth did they get my details when the shares are in Nominee names...

No letter for the missus however, despite her holdings being in her name...

To break the tedium...in case you missed it...

Just to remind you...Nick speaking at Diggers and Dealers on 17 October...

"I'm a geologist and I'm wedded to exploration and discovery..."

Not mining Nick...?

"We've got 14 prospects and we think a great number of these can eventually turn into Tier 1 copper/gold resources...

"We're doing all these things in parallel...(PFS, CFP, tax, permits)...

"Once we get a couple of these things going we can have a transformational effect on Ecuador...

"Alpala alone represents around 10% of the copper resources discovered in the last ten years...

"We're hoping to come up with 5 or 6 major projects that we will be drilling on...

"Up to 6 rigs on Porvenir...

"We've shortened the 'value valley' between discovery and development on Alpala with Porvenir and we'll do that again and again with other discoveries...

"Hole PDH2001 at Porvenir will go down as one of the greatest moments in Solgold's history...much bigger than Alpala...

We're all talking about Rio Amarillo as the 'sleeping giant' but he's also excited about Cisne and Sharug, implying these could be Tier 1 as well...

https://www.youtube.com/watch?v=Wn7SCm_S7io

Enjoy if not already...

A couple of minutes of blah and 5 weeks old, but this is the most bullish podcast I've seen on podcast (from c3 to c24 minutes)...China importing 500k tonnes a month...more than physical stocks...

Reuters expert after LME week...

https://www.youtube.com/watch?v=2PYKkqSq0Os&app=desktop

Also very interesting on all 'green' metals...

Enjoy

Just to say that...being a man of my word...and following the RNS today, my wife and I will be voting in favour of all resolutions...(when II get their incompetent fingers out....)GLA

Thanks Steve...you have no idea what you are talking about...

First...every time I post I put Strong Buy

Second, everyone knows I have 900,000 shares which I have no intention of selling at the current price

Third, as the regulars know, I've been a LSE quoted company GFD and my PRIME role was to manage shareholder relations, including 'beauty parades', liaising with the Nomad, drafting and signing off RNSs, et.

Finally, I've been CEO, FD and Treasurer of major Financial Services organisations.

I repeat...the biggest crime is IR overpromising and underdelivering and if you think NM'sm role has nothing to do with maintaining the highest SP possible in the circumstances you have missed the point.

I totally agree short-termism is not the way to go, but managing shareholder expectations is fundamental

Please justify the last sentence...

Lets hope he's not overpromising and underdelivering as he has been wont recently...

Maintaining the optimum share price is all about managing expectations and, despite "exciting regional updates to come" we haven't had a RNS for almost a month...

The RIO rigs were mobilising in October...and Blanca and La Hueca seem to have disappeared off the face of the earth...

Copper price up 25% since 2 October...SOLG up 3% DESPITE Porvenir....

Lets hope there's mega news and a SP explosion coming soon...