Member Info for mattlilly

Dmyant Sangha...CEO of Maxit Capital that specialises in bid defences, owns 20% of CGP and 2% of SOLG...

Google him...

https://www.maxitcapital.com/advisory.html

How are the MMs able to absorb all these Buys, day after day...

And what's that Uncrossing Trade doing at 8.00am 63,943 at 23.75...HIGHER than last nights at 23.65...?

SOLG closed at 25.18 equivalent in Canada...on 74,400 volume...all buys...

Second biggest volume since June 9....

Excellent! Where the hell is swazers, who was so arrogantly certain that 23p would hold before a return to 16p...£400 an hour...? PAH!

I don't use charts and I'm up 75% since Jan 1 on my portfolio...decide a strategy and stick to it...

AIMHO as usual...

You don't get it do you...NMS is 30,000 shares...700,000 is 23 times that, total value £160,000 worth...how desperate is that...as I said before, there is a price gradient for size...MMs bidding for 700,000 shares is a big deal...

I'm bid 22.95 for 700,000....hold tight guys...!!!

SOLG is 40% of my portfolio and GPM is another 25%...ATYM 15%...

I'm bid 23.14 for 300,000...

Sorry...my bad...should have been GPMs...dyslexic or what...Gold and Precious Metals...

There must be a big seller underpinning the MMs at say 22.8...why else is this steady stream of buys being absorbed at just over 23p when it hit 23.8p first thing and PGMs are so strong...?

Yes but look how many were issued in late 2019, when the SP was also around 20p....

Virtually all the buys this morning have been done at between 22.95 and 23p....that in itself tells a story, but here the MMs go trying to take it down again...lets see how long that lasts and how much stock they pick up...

My suspicion is that the MMs are deliberately holding this at or under 23p, because they have a large seller and they know there is news flow pending, so want to get shares 'banked' ready fro the spike...

The immediate trigger for the share price will be the Franco Nevada deal announcement...SP marked up and day traders come back on board...

But unless Nick has been sniffing glue for the last year or so, the best justification for a potential multi bagger is the huge stock of outstanding options at 60p...especially that far ahead you don't price them at 60p unless you expect to make a significant gain, which would either be on a takeover bid or the DFS...

The latter takes account of the December 2021 expiries, but there is a huge wedge due to expire in early August and look at the one which is specifically geared to a "change of ownership"

AIMHO as usual...

Current options exercisable at 60p
8 August 2020
44,500,000
(The options vest on the earlier of: (a) 18 months, or (b) a Change of Control Transaction)
6 November 2021
82,875,000
20 December 2021
11,375,000
20 December 2021
3,150,000
TOTAL: 141,900,000 currently worthless but £85.14 million at 60p...

Do you really think anyone on here appreciates your constant doom mongering...

If we want your view we'll ask...meanwhile go and troll somewhere else...

You're right...there's still a backwardation...curious...

I think at least one MM has tried to take this down today...failed first thing...clearly some varied views among them...

22.23 to buy; 22.26 to sell...

From July 15 interview:

"The market capitalisation of SolGold is well underneath the value of Alpala alone without considering the value of the 13 other projects. There is of course continual speculation that the company may receive takeover offers. It would need to be very hefty to receive my recommendation.....It’s academic to consider that, because selling the project or part of it for the company at anything like the current market capitalisation is not at all favoured. Clearly the world’s major mining houses are interested in SolGold because Alpala, because it is large, low cost, long-life and expandable, and because they have publicly stated, that they are expanding their copper mining businesses...."

Everybody keeps talking about CGP not being able to finance their contribution to Cascabel, nor borrow the money to repay it.

The following seems to make it clear that CGP don't have to repay anything until earnings start coming in...i.e. 2025 or after...

Delighted to be corrected.

"SolGold is to be repaid out of 90% of CESA's distribution of earnings or dividends from ENSA or the Cascabel Tenement to which CESA would otherwise be entitled."

I've just been firmly bid for 700,000 shares at 20.6 immediately before the close...they want your shares!!!!!

Just to make crystal clear Miagi, it could not be more clear on this Board that I do NOT foresee a takeover at 40/45p, nor would I be happy with that...

My view has consistently been that if there were a first bid at 40/45p it would not be taken seriously and would be quickly countered by at least one major...and that if an auction develops we could be taken out at least 100p , maybe 125p...

Just clarifying...more to come...