Member Info for mattlilly

Oh dear....

you're always sound with your views Colonel but...

"When America sneezes the world catches a cold..." and

We may not benefit from China having a stranglehold on the world economy...

China is already the strongest economic power in the world...COVID and Trump have guaranteed that for the time being...

They have been taking many careful steps in a patchwork of measures which threaten us all...

While several of them will be good for the copper price and probably gold...

Belt & Road will give them a stranglehold from Turkey to Taiwan...
Chinese markets in commodities, bonds and equities will become much more meaningful and eventually challenge US dominance...
The yuan will be strong while the dollar crumbles...
China already has strategic stakes in mining industries across Africa and increasingly in South America...
China is the biggest holder of especially US Treasury Bonds...they could sell and/or go on a buyers strike at any time and hold the US to ransom..
Etc...

AIMO as usual...

PS don't be surprised if the Chinese emerge as the major suitor for SOLG...

Schlemiel..pragmatic decision...

I've thought about it for the last couple of hours and decided to follow you out with the 269,485 we had bought back in the last week.

Made a small profit on them thanks to the RNS but...

The thing is there is the US Election next week. The outcome is uncertain and I remember what it was like in 2000.

I had a T20 outstanding that I planned to close. There was a 'hung' election between Bush and Gore...it took 3 weeks Ito resolve and markets HATE uncertainty. They fell and stayed down until Bush was declared the winner. While I ended up making a profit, I had to borrow the cash from my wife to settle in the interim, which was embarrassing.

Its Friday. We don't even know what's going to happen BEFORE Tuesday, let alone after...

There are four possible outcomes:

A clear Biden win, with a Blue Senate...markets recover...
Clear Biden win with a Red Senate...stimulus, policies, markets paralysed...markets fall....
A Trump win...markets fly and then fall back...
A contested Election where Trump refuses to accept the result and it ends up in the Supreme Court...this could mean months of uncertainty and the knee-jerk response, with no immediate possibility of stimulus, COVID solutions, etc? Markets TANK...

Nothing would be immune...

This is of course AIMO as usual. I am very happy now to hold onto the remaining 900,000 indefinitely, having banked the cash, but...

Like you, the pragmatic decision right now is not to be overexposed.

The good news, BTW is that the market has taken a massive amount of sales today and held up...that augurs very well for the medium to long term in SOLG...

GLA and apologies to anyone affected by our sales...hope you understand...

Que te parece, cuál es la distancia mas corta?
qué nombre tiene?
Cuanto te doy, porvenir
povenir, porvenir

Porvenir, porvenir, porvenir

Cuántas veces te voy a coronar?
Cuántas veces voy a coronarte?

G'night all...

Show me the way to Amarillo
Every night I've been hugging my pillow
Dreaming dreams of Amarillo
And sweet Mellie who waits for me

Alpala la la la la la
Alpala la la la la la
Alpala la la la la la
And Mellie who waits for me

And here it is, Merry Christmas...(we hope, PFS permitting...)

Deck the halls with bags of lolly
Alpa-la-la-la, la-la-la-la
'Tis the season to be jolly
Alpa-la-la-la, la-la-la-la
Don we now our newfound riches
Alpa-la, la-la-la, la-la-la
Hope this leaves you all in stitches
Alpa-la-la-la, la-la-la-la

Or

Onward fellow solgers
Drilling to the core
With the words of Mather
Droning on before

Nick the Mining Master
Gold and copper glow
Forward to production
See his miners go

Onward fellow solgers
Through the funding door
Nuggets from Alpala
Shining on before

Onwards and upwards...good afternoon to all...especially our spiritual leader Roger Mellie the Man on the Telly...

Her name is Rio and she glistens in the sand
Just like that river twisting through a dusty land
And when she shines, she really shows you all she can
Oh Rio, Rio dance across the Rio Grande

Apologies to Simon Le Bon...

Try again...b***y predictive text...

Hi ho hi ho
Algos to work we go
We solgers on
From morn till dawn and
There she goes

Onwards and upwards Rog
Good afternoon

Hi ho hi ho
Algos to work we go
We sloggers on
From morn till dawn and
There she goes

Onwards and upwards Rog
Good afternoon

UT 191526 at 35.85...excellent up 5.44%...closing at the high...

UT at 35.85...?

The longer we have to wait for an RNS the more risky it is to be out of SOLG...

AIMO as usual...

Courtesy of pob69...

New target $1.90 CAD = 110p in old money...

Onwards and upwards...

Now 35.5/35.75...

35.65 to buy 1000

Bid firmly for 200,000 at 35.24

S&P and Dow bounced 1.5% off the lows...

Copper has bounced off the 20 day MA again...

Silver pushing hard against resistance...

Gold needs to catch up...

Just needs miners to follow...

I ask again...

Someone keeps dumping the occasional lump of shares which look suspicious as they are in round cash amounts...£10k...£20k...

I don't do that...you don't do that...we might sell round numbers of shares or odd numbers of shares, but surely never round cash amounts...

Average 'Junk Bond" yields are sub 5% as mentioned earlier...

For comparison, BHP 6.500% 22Oct2077 are trading at 110 to give a yield of c4.9% with a 57 year residual maturity...

However, NM keeps talking about ten different parties interested in streaming deals...

Franco Nevada currently pays between 0.00 and 2.05% for debt (source Annual Report), so taking a line through the hinted possible $2 billion of streaming deals, it must be possible for SOLG to achieve say a 55 year bond rate no worse than 5% if that was their chosen route...

As to payment, Alpala is fully funded to start of development; production starts 4 years after that.

Assuming $2 billion streaming finance, leaves say $1 billion debt finance to include interest rolled up for say 5 years, amounting to, say $300 million (added to $2.7 billion development finance).

That seems doable.

But well before 2025, SOLG could have streaming finance lined up on porvenir, Rio, La Hueca, Blanca, w.h.y....

The point is that Ingo and NM believe financing is doable and again to would be far easier to achieve in a JV with a major...

AIMO as usual...

Oh God...I feel my strength being sapped again...

;-)

Post from JL on 'the other side...' makes a good point...

"Alpala & Porvenir could be making $500m PBT each yr. From the conceptual figures, it was much higher just for Alpala alone but due to Canadian laws, those figures had to be removed due to TSX listing. They were in previous presentation but removed and wiped out."

Surely sooner or later these numbers have to assert themselves...

I do, however, get the fundamental point about domains (GGP OZ and SOLG Ecuador)...

Dow Jones and S&P now down 8% in just over 2 weeks and 6% in four sessions so far...setting new 3 month lows...

Volatility booming (VIX and VILX)...hedges rule OK, e.g. gold, copper, SOLG...

Can somebody remind me what's happening next Tuesday...?

That's one reason why I think a major would fund it through a JV...