Member Info for mattlilly

And what was in BHP's mind when they paid 45p per share for 100,000,000 only 5 weeks after they had acquired a 6.1% stake for half that price...

Benevolence....?

Has he forgotten that BHP wanted to buy the whole shebang in the past and who's to say that NCM's original approach wasn't on that basis...?

Agreed, but I passionately believe we won't have to wait that long...we'll have to agree to differ...

Respect mate

Still puzzled why this sin't going gangbusters and why somebody would be selling, e.g 82,270 at 34.29 this am unless...

They need the money elsewhere or, e.g.

They're flipping back into GGP after today's RNS...

A say again Nick...grab the news flow...

That's entirely rational and logical TheItalian, but...

There aren't really going to be any big surprises in either the PFS or the DFS

If your logic were correct, no major would consider bidding for SOLG until all the 76 prospects had produced or ruled out a BFS...

As those of us who have been through bids, bid defences and IPOs know full well, that is what the 'Due Diligence' process is all about...

Even on Alpala alone, why would a major wait for BFS when Franco Nevada, the biggest gold streamer in the world, have already SIGNED OFF a streaming deal on THE GOLD ALONE for the next 55 years...?

They LOVE what they see; they AGREED the deal in principle and then did the Due Diligence to verify it...

Your logic would only in theory apply to Alpala anyhow, so why would any of potentially 8/10 potential predators wait until Q4 2021 to bid for THE WHOLE of Solgold...?

Cheers

Can't disagree with your rational post dartfrog except in one respect...

Nick has never ruled out a takeover bid, otherwise why did he appoint Citi, specifically for 'bid defense' (US spelling...)

He has, however, in various ways, said or implied that it would take a high price for it to happen...

That can't be bad for any of us...

Look at the growing serious discussion among authoritative commentators about, inter alia:

Massive prospective copper shortages in the future with the EV boom (not to mention a raft of green infrastructure projects soon to come down the pipe from Western Governments to rebuild economies post COVID...)

No new Tier 1 copper finds outside Alpala (so far)

Major miners' depleting resources, not only in copper but especially in gold...9 years total life left in existing mines...

Growing assumptions of increased M&A activity in the mining space, together with 'buybacks' e.g. HGM and KAZ

Major miners' declared strategies to replenish declining resources, primarily through exploration or acquisition

Rationalisation of existing portfolios to move away from 'dirty' commodities, especially coal and oil, with an increasing focus on copper, nickel, lithium, rare minerals, together with gold and silver...

A raft of private and corporate monies stimulated by global Quantitative Easing, looking for a long term home, at historically low interest rates (indeed penal rates, with negative real and actual rates penalising the holding of cash and bonds)

And a concerted need by the developed economies to resolve the massive debt problems caused by post 2008 QE and COVID financing, i.e. 'fiat money' which either needs to be reset (quasi gold standard) or inflated away. Either of these WILL precipitate a gold/silver boom...

So...there is an undoubted need for much more copper that isn't going away...the US equity and debt markets are 'bubbles' waiting to explode, just like the tech bubble in 2000 and sub prime in 2006...gold (and inevitably silver) will boom (otherwise why have JPM ($900m fine) and several leading banks (see today's news), spent so much money, time and energy manipulating the precious metals markets for so many years...

And there is one company perfectly placed for this perfect storm...even in Alpala alone, we have prospectively among the world's biggest silver, gold and copper mines...

And Porvenir and Rio may be even bigger...!!!

Keep the faith...its only a matter of time...

AIMO as usual...

Although I can't read Quady's posts, I suspect I understand where he is coming from and have every sympathy with his view...

Rational logic from one point of view, coupled with Nick's fierce determination would support that...

So let me try and bridge the two positions.

Everybody knows that I expect the inevitable...one or more bids for SOLG as a whole...

However, I've also mooted the possibility of a J/V to develop Alpala...even fairly recently.

So how do we marry the two?

SOLG is structured as a Group of companies with subsidiaries for different prospects. ENSA (albeit 85% owned) is just one of those 'subsidiaries' (correct for consolidation and accounting purposes).

Nobody could reasonably expect that Alpala could be 'mothballed' while Porvenir or Rio for example were developed...neither Nick nor the Ecuador government would seem likely to accept that, so...

Potential end game is that a J/V is created with BHP to develop Cascabel's interests (with or without CGP as minority stakeholder), similar to the Havieron model, through the corporate medium of ENSA, eventually spun off and...

A successful bid is made for the remainder of the SOLG 'Group' with my most likely candidates being Barrick...

I put this forward for debate and am open to any constructive thoughts and criticism...

It seems to me that this way Nick (and Quady) can have their cake and eat it and we all end up winners...

AIMO as usual...

This post from Mirabeau (who I suspect is also on here...) eloquently sums up the present situation...

Nick isn't stupid, but he's lost control of the PI engagement again...let's hop[e its a temporary hiatus until markets are less weak and we get hit with a Tsunami of news that the MMs cannot withstand...

"The flow of monies coming into SOLG compared to Greatland is beyond pitiful. In fact it's pathetic . No matter how many presentations SOLG transact there is at present zero investor excitement regarding what we have

I'm not sure what type of news event will trigger a change in how SOLG is perceived by the market

Frustrating and indeed frustrated"

AIMO as usual...

Mnuchin wanted $1.6 trillion...

Nancy wanted $2.2 trillion...

Trump wanted $1.8 trillion...

The US markets were running on fumes believing that a deal would be concluded before the Election...

https://uk.reuters.com/article/health-coronavirus-usa-congress/trumps-stimulus-proposal-draws-opposition-from-congressional-democrats-and-republicans-idUSKBN26V0SV

The current challenge is the dollar, together with 'risk off' in the US...but...

https://www.kitco.com/news/2020-10-28/A-new-gold-standard-is-coming-brace-for-monetary-reset.html

and...

There are very few large-cap gold miners the size of Newmont, Barrick, Goldcorp, and Randgold left for another 'mega-merger' to happen, and so consolidation in the sector will likely happen within the mid-tiers and junior miners.....On supply and demand for gold, Garofalo said that the gold mining sector faces the "existential issue" of dwindling reserves, and so supply will be a more important factor for sentiment than fundamentals....The dynamics of the sector are such that we’ve seen reserves decline by about 50% in the last decade..."

https://www.kitco.com/news/2020-10-27/Gold-sector-faces-existential-issue-incoming-M-A-wave-says-ex-Goldcorp-CEO.html

Agreed...

UT 159,876 at 34p...

Nancy and Donald BOTH wanted a bigger package than the GOP was prepared to concede...

The basic sticking point was the GOP wanted bigger incentives for the rich...Nancy wanted more money for COVID and more for the poor and needy...

It was never going to be agreed...

Well done...and its still only £50.7p...and I've still made £3,381.30 on the sale and buyback of 39,000 shares...unless of course they go even higher...overall we've reduced our average cost to 18.25p/share...

Cheers

OK Roger...23,462 for the Mrs at 34.25...that takes us back just over the starting position before we sold 300,000 at 42.7p...and makes us £21,000 on the turnover...we'll stick at that...

Holding long and strong...

Annualised...and it will actually cost me £50.70 on a £13,271 trade...it would have cost me another £100 if I'd waited till now...

3,8% actually, but who cares...its a punt!

They don't charge me 5%...I invariably get the same price as on a T20...but anyhow that would be a tiny fraction of the prospective gains that we all expect...

Not quite...bought another 39,000 on a T20 at 34p...

There you go Magoo...be quick...