Member Info for mattlilly

SOLG down...work that out...

4457 at 38p...16.32...

UT at 37.45...

Wow! Just wow!

Who says markets can't be manipulated...?

I've just seen what happened...

20 separate varied size Autobot sales totalling 213,000 shares in less than 2 minutes took it down from 37.92 to 37, from which it fell to 35.45/36.85...

Bots then took it all the way back up to 38 with a similar volume of trades...

Wonder if they made any money...?

Michael & Peter personally recruited me

Its probably Lafitte...he rang his mates and said "Lets have some fun to show how MMs really work..."

;-)

I know but BNP immediately acquired BAII

I qualified as a Member in 1982...

Peter Chappell...seriously good bloke...one of the best...

Market quote back to 37.5/38.2...just like that...

37.38/38.37 in 200,000

37.72/38.15 in NMS of 20,000

And its bounced straight away...36.95/37.85....

Suddenly 35.45/36.85 having been 37.52/38.4 in 200,000!!

Whats happening...

Thanks Lafitte...I used to be a Broker with Sheppards & Chase who were the biggest money lending stockbrokers in the London market...

They were absorbed into Banque Paribas in Big Bang 1986....but I had left in 1982...

Of course MMs make money from the spread but they make more from either selling shares they don't have, pushing the market down and buying them in or, by pushing shares up, selling a load and then marking the market down to tempt out weak holders...

The stock lending system is designed to allow MMs to sell shares they don't have in the expectation of being able to buy them back cheaper and borrowing the shortfall in the meantime to balance their books on delivery...

The dollar isn't really strengthening much...its only up 0.3% today but is still not far above its 30 month low...most economists expect further weakening in the foreseeable future...

Copper pretty flat for the last two days since the post virus surge...gold and silver recovering a bit today...mining sector pretty flat for the day...

Mining sector impacted by, inter alia...

Gold/silver weaker
Copper down 2%
Virus euphoria dissipating in the wake of surging COVID cases in the US (highest hospitalisations ever; deaths 1400 a day)
Trump's continuing intransigence
Markets weaker...S&P down 2% at one point...

AIMO as usual...

3 The listing was on 13 November; can't see that it would tie up much resource...
2 Drilling and results have never been cited as factors for the PFS delay. Much was completed; they have the FNV funding to support any work; mine design, infrastructure and the production schedule were the key factors. Given that they only announced the PFS delay on the original scheduled date, suggests that there was indeed relatively little left to do

However, if another party is being engaged in the mine designs, etc. (e.g. BPH) that could explain a delay

1 I think this is the most likely scenario. They only have to announce the PFS when it is completed; they have previously indicated the possibility of the PFS and CFP being co-terminous, so negotiations by financiers could be a factor.

Any regional updates do NOT require a RNS until they are independently verified, so the release of such information is totally in the company's control, so, in conclusion...

I repeat my opinion that a flood of news is being held up; will be released in the order designed to give maximum impact to the SP; and will result in the market being hit by a barrage of blows like a Joe Frazier flurry, so that every time the MMs try to knock the SP down another piece of news hits it...

First target 43

Next 46

Next 50 and beyond

If this strategy is being guided by Citi as a defence against an inevitable bid or bids, I believe the first major goal would be to force the opening bid to be at least 100p, otherwise bidders would look stupid...

Meanwhile the TRUE market is 37.55/37.85 in 200,000 both ways...healthy liquidity eh CGP?

AIMO as usual...

ESG is going to be by far the most important investment factor for the foreseeable future...

When all this shakes down and I have taken all the profits on SOLG, ATYM and my gold and silver shares, my primary focus by far will be on ESG stocks and ESG stocks alone...indeed a core holding will be in ESG Funds...

And if I get a decent yield as well, all well and good...

I wonder if there is any mining company in the world that ticks the ESG boxes more than SOLG...TWO ESG Directors and a world leading community policy...

Highest closing price since 13 October...two days after we hit 43p...