Member Info for mattlilly

Technical Services Manager Benn Whistler, commented on the Rio Amarillo Project, saying: "Early work is revealing what we believe could be a "Sleeping Giant" with a big cluster of large and fertile porphyry systems similar to those discovered at the Company's Cascabel Project some 35km to the northeast. The main target areas at Chalanes, Target1, Varela and Palomar hold characteristics typical of other similar systems and clusters of systems along the Andean Copper Belt that have generated some very large globally significant porphyry deposits. With surface mineralisation covering a vertical extent of up to 1500m, we can envisage that exploratory drilling will test an enormous vertical column of 3 to 3.5km."

So...SOLG only needs to get back to 40p to make that analyst report on CGP redundant...i.e. $7.59/share equivalent...

I heartily agree...that's equivalent to 38.3p, continuing the rise since last Thursdays close of 33.7p...

That's more than a technical recovery IMO...Buys outnumbered sells more than three to one by value today...the price basically went steadily up following the attempted tree shake at 34 this AM.

Given that there is always insider dealing, have people been given the nudge that something juicy is pending?

Noticeably there doesn't seem to be a big seller hanging around and no apparent spoofing either...

RNS tomorrow?

Will it be more Porvenir (trailed heavily last week), or the PFS?

I don't think the start of drilling at Rio would be enough to ignite this price movement (12% since this morning first thing and including Canada)?

Especially against the backdrop of the worst US market for at least 7 weeks, stronger dollar and weaker copper...

Or could we be selling the first whiff of predatory interest...BHP has been awfully quiet since the shackles came off...

AIMO as usual...see you all tomorrow...

I agree rcgl but "gold, silver, copper miners"...

Been my strategy for 3/4 years now...

14.7% in FTSE100 high yielders
13.8% in cash
3% in Hedge
68.5% in gold/silver/copper mining...(44% in SOLG alone...)
All at current cash values...

Sorry missed out:

"But SOLG up 5.54%"

Copper down almost 2%

Dow down 3.1%, both on no Stimulus pre Election

I wonder if PONGO will replace the FOMO that has characterised US markets since Trump was elected...(Panic of Not Getting Out...)

Meanwhile it looks like FOMO (Fear of Missing Out) is beginning to establish itself in SOLG...

AIMO as usual...

UT is 195,175 at 37.15...!

Right on the money and up 5.54%v on the day...

Bidding foer 350,000 right at the end...

Looking good for a strong UT and an excellent close to a day where copper fell but we rose 5% plus...

Start scrolling Roger...

https://www.autocar.co.uk/car-review/aston-martin/db11/first-drives/aston-martin-db11-v8-2017-review

Once they get Rio results out the other targets will be academic...

Sorry...ahould say "at or over the ask"

Is this FOMO taking hold or is the pressure building towards more bullish news...

Just reviewed the days trades so far and a very high p[ro[ortion are Buys at over the ask...

Bid for 300,000 at 36.7...

Saw you posting on VAST this am Colonel...hope you haven't lost out...

I dumped all our holdings last week and put the money in SOLG...just got an uneasy feeling...you may have seen my posts on LSE and ADVFN...

Glad I recycled into SOLG at 34.27...

Sincerely hope you didn't get burned this am...much better here...

AIMO as usual...

36.28p for 300,000

Previously 36.4p on same Quote...maybe they've sussed me but they still want the shares...

I'm still firmly bid for 300,000...

So here's a thought...

SOLG is only worth, either...the stream of future earnings on all its projects for the next 55years or more...(changing every week ATMO)), or...

The price a major would pay that would be acceptable to Nick, which I suspect would be currently c£2 a share...

Meanwhile, CGP has only nuisance value. SOLG had to bid for them to try and tidy up Cascabel, but here's a possibility...

Supposing NM had a conversation with BHP or NCM about buying the 15% and whoever it was agreed that Nick could have first dibs and if that failed, the major could make a bid for the 15% of ENSA that CGP owns, NOT CGP as a whole (more use to SOLG)

CGP would be a pain in the butt for a major to take on...why would a major want to take on the dribs and drabs, just to get 15% of Cascabel and 7% of SOLG, with all the likely attendant aggro based on their behaviour for the last year or so...its almost certain that there will be no EGM...why would BHP, NCM or Blackrock get involved in such shenanigans...they're much more sensible and professional than that, but...

Getting CGP to sell their Cascabel stake makes perfect sense...win/win...CGP gets cash, which they need and keeps a 7% stake in the burgeoning value in SOLG...

There is another possible scenario which might appeal especially to NCM...acquire the 15% in Cascabel and SOLG sells them another 35% on condition that NCM arranges and guarantees the debt finance and pays all the costs up to production...that would be similar to Havieron, but they also would bring their block caving expertise...

I'm still drawn to the view, however, that this will become a bidding auction and, ironically, while increasing the inherent value in SOLG by prospecting these four other tenements, Nick may have also massively increased the possibility that BHP or especially Barrick may take them out...but at what price...that is the recurring conundrum...?

All thoughts welcome...

AIMO as usual...

Hi Quady

Still filtered I'm afraid, but hey its your birthday...genuine good wishes and hope you had a great and utterly irresponsible time...

Cheers

Ah...we're back...

They want your shares...news coming...big buyer lurking?

295,000 share buy early doors today...

I'm firmly bid 34.4p for 300,000, only a smidge below the quote...

RM I'm all in favour of the 5th amendment...stick around but don't get drawn into the slanging matches...I've just skipped another 30/40 tedious time wasting posts...

Cherers one and all...