Member Info for mattlilly

Here we go again with the same tedious recycled arguments.

I respect everybody's valid view, but two things are certain.

1 As PIs it is completely outside our control

2 The only people who really know are NM and/or any successful bidder(s) if they materialise

At least on ADVFN I can read pob69, jlondon and others who post facts and informative links all the time without having to filter out the constant flow of drivel and intellectual master baiting (self included at times)...

Please give it a rest and only post on new news...

AIMHO as usual

Brilliant win for Rangers...a bright new future...

"The Porvenir success makes SolGold one slippery and more expensive target, should BHP and Newcrest eventually move on the company, with BHP free to do so next following the expiration of a standstill agreement.

Today’s interest though is another Mather company, ASX-listed DGR Global. It owns 9.85% of SolGold, with the 204.23m shares worth about $A138m. That’s interesting given DGR – which has a bunch of other interests on the go - is trading at 9.1c for a $70m market cap."

https://www.livewiremarkets.com/wires/nickel-demand-will-triple-on-back-of-energy-revolution-says-bhp-boss

Now that makes a lot of sense scoott...

Clearly CGP weren't able to prevent the FNV deal. Nick/Ingo have referred to completing the Alpala funding entirely with streaming/debt.

If they did that, CGP would appear to be stuffed on two counts and maybe that's why they've been so hostile.

1 SOLG Full fund their part of Alpala to production

2 CGP have to find their prospective funding without being able to pledge their 15%. It matters not that they don't have to pay a sou until late 2021. The question is how they fund it after 2021.

No wonder they are desperate for a 'takeout' offer for their shares/stake. They get cash now to develop the rest of their unimpressive portfolio; they avoid the contingent funding liability that would have to be stated in their Accounts.

So I'm now coming round to the view of funding Alpala to development; 'banking' that and refocusing on the other 'Tier 1s'

The only things would vary the projection for Alpala would be"

1 A JV with say BHOP on terms agreeable to SOLG (don't think CGP would like that...jam tomorrow...) or

2 A blowout bid for the whole of SOLG, with my continuing favourite being Barrick

AIMHO as usual...

Nick has acknowledged that it would take a high price for him to sell...

I agree Colonel, except I won't be waiting for the cash in my bank account before I sell...

If an auction takes place we'll know the likely outcome well before that and the SP will probably exceed the final bid for a short while...that's the time to sell...

Which log have you been hiding under to **** off the man on the telly...

you've only posted 42 times in 3 years, five of which were duplicates...

20 times this year and 4 in the last hour...

But this was the best of all from 2018...Priceless!

'The common denominator is Newmont who have 14% share in Solg'

You were right...584,424 at 37.6p...pretty good really...

I believe the UT will be struck at 37.85...

Very tight spread going into the close...

Just checked...EGM requires 14 days notice from Monday, i.e. 2 November...pretty dodgy the night before the US Election...if its called...

Late October out of the window...

"Meanwhile mining company Cornerstone Capital Resources continues to explore within the Reserve, without the appropriate permits, despite overwhelming opposition in the region, and in direct contravention of Protective Measures granted by the Provincial Court of Imbabura in June 2019."

I totally agree zoros...

But surely the ownership document would be in the name of Cornerstone and would need SOLG's approval to transfer it into the name of, say BHP...?

I'm firmly bid for 300,000 at 37.56...

Right on the money smickster...this couldn't be more clear...

Why on earth would anyone bid for CGP?

Of course they would get 7% of SOLG, but surely that cluase means that they could not pass ownership of the 15% of Cascabel to the new owner and therefore it would revert to SOLG...?

Please correct me if I'm wrong...?

I still believe it was a defensive tactic by Nick to buy time and to tidy up Cascabel pre funding...

AIMHO as usual...

Hi zoros...I may have been premature...

Just unfiltered you and caught up on a swathe of useful posts.

Cheers

Rouge

No I shall overbid as `i did last time when I got double my entitlement...

And remember there's more options attached...

Sorry Quady, did you pick up that "institutions" SOLD 24 million more shares than BOUGHT between June and October?

I'v e commented on this on Tuesday:

"That explains that...I was wondering about the timing of the DGR funding (I hold DGR and options)...

The funding was to pay off a Tribeca loan. Just seen a post on ADVFN citing a Hotcopper report that Tribeca took SOLG shares as security...so if NM hadn't repaid he could have lost control of SOLG shares...

Interesting timing...institutional offer closed overnight...heavily underwritten by NM..."

Its opportune by NM of course, following the recent rise in SOLG. And as Quady has implied, DGR is an interesting side story, owning 11.06% of SOLG.

I'm convinced that DGR is NM's 'retirement job' in the event that SOLG gets bought lock stock and barrel. In which case, the almost £300 million that DGR would get, together with Mather's own £100 million take, would be massively transformational in building DGR as his new empire, safely at home in Oz...

Anyhow, returning to the key question, I actually sold my holding in DGR last night but retain the options. Why? Because `I qualify for the Placing and new options and intend to try and buy back as many DGR shares as I can at $8 compared to my sale price last night of $9.44.

Interestingly they were $9.1 when suspended so the market cleaRLY is optimistic about this fund raise, or SOLG's prospects, or both.

AIMHO as usual, but what do you think Miagi?

He's not standing up against QAnon or the Proud Boys...

Mather and the Directprs own/control over 20% and Citicorp Nominees have another 20%...