Member Info for mattlilly

For those that questioned my Cornerstone buy 2 weeks ago...

Up 46% today...Multibag coming up...

AIMHO as usual...

Market quote 18.78/19.5

!00,000 quote 19.1/19.5...

Get ready for liftoff...

Market quote 18.7/19

True market in 100,000 is 18.85/19.25...

Only a matter of time....

AIMHO as usual...

18.7/19.1 in 100,000 vs market quote of 18.6/19...

Going up....

True spread in 100,000 17.88/18.27 vs quote of 17.72/18.16...

Keep the faith...

Thanks mate...LLB apprised me on the other Board...I missed that...

Don't know what happened in the post below...the missing word is shares...hope you're not disappointed...

This is simply an opinion...

I have felt strongly recently that NM would be prepared to sell Alpala to fund becoming a major producer from the other prospects...(remember the recent RNS where he said they had six more like Alpala...)

I wonder if the reason why BHP did not want a seat at the table was because they did not want to compromise their independence and being able to bid...

I believe Newcrest are there genuinely as a prospective partner to block cave mine the prospect. Maybe NM also sees them as a 'poison pill' in the event of a bid...they clearly aren't as strong as other prospective bidders financially and could surely only consider a ************** based bid. That's not going to happen.

So I stick with my considered view that S/O will bid shortly (Barrick, London, Newmont or whoever)...that will release BHP to be able to make a counter...the end game is NM sells Alpala but keeps SOLG...

But unless there is a bid beforehand I expect the CGP takeover to go ahead...CGP up 11.11% overnight to their highest for 5 weeks...

I believe that the reason why NM is so desperate to complete the CGP takeover is because it will massively strengthen his hand either in the funding round or in a bid defence...

As to today, after the 800k and 400k buys (the latter at 19.5), I think the MMs have pulled this down to rebuild their books...

AIMHO as usual and I'm always open to alternative views...1 million plus at 19.60 average and holding...

The results were pretty good...P/E ratio on last week's price down to a ludicrous historic 3.5 times....

However, this was all before CVD kicked off...

Demand has collapsed...mining shuttered in until yesterday...what concerns me is that Cash was below £4 million at 31 December and Net Current Assets were only £3.6 million...that must have significantly worsened in 3 months...

Will they need to make an equity call...how far can they stretch their creditors...

Had a fantastic run but we may see some consolidation before moving forward again, mainly because there are going to be some horrific numbers coming out of the US in the next 3/4 weeks and glob al GDP is still tanking...

The cash support in Europe and the US is to help people and businesses survive...we're not going to see a consumer boom with suddenly loads of car sales...

Not doomsaying, just being pragmatic...meanwhile well done Alberto again!

Directors purchases...CGP takeover...first cheeky bid...first stage financing...BOOM!!!

Its going to open well up in Canada this aft...closed last night at 15.64p equivalent...

17.72/18.48 in 100k

No trades between 14.49 and 15.17...very odd...are they holding this back, or are we in equilibrium...?

Just did dummy buy/sells in 100,000...the true price is 17.72/18.32 cf the quote of 17.52/18.00....

Market quote 17/17.3 but ACTUAL quote in 100,000 each way is 17.06/17.49...

Onwards and upwards...

My suspicion is the MMs are holding this down while the Directors Buys are complete...I suspect the 11 deals of c£5000 since 10.02 are all Directors' Buys...

Maybe their broker set a limit of 17.5, in which case they will have to move it up in steps until the order is fulfilled...

You can bet Nick wants to complete these below 20p...

After they're complete the SP may fall back until the RNS when they will spike up IMHO..

Although market size is 30,000 I can't get a firm quote above 35,000 shares...(17.43)...I think the MMs are holding this back because they can't get stock...

However I'm bid 16.66 for 100,000 and 17.27 for 50,000 despite the 'quote' of 17.20/17.46...

Ready for lift-off...?

Steady stream of buys at 17.46...eight worth £4963 so far, i.e. £5000 inc charges...

Bid moving up to match...20 here we come...?

Brilliant BNC...I looked at it with great interest...Elliott Wave theory...haven't used that for years...brilliant...what does Fibonacci say...

Interesting...

CGP has 170 million shares in SOLG...if you don't believe in CGP you shouldn't believe in SOLG...

"Cascabel fails..."? What are you smoking...?

In conclusion, I'm counting on either/both a substantial rerating of SOLG (aren't you...?) or a successful takeover of CGP (which is surely one of the last two 'shoes' to fall before either successful financing or a takeover bid from a major...

AIMHO as usual and all views welcome...

1 Because it is massively undervalued cf SOLG (its c alley arbitrage, which is why I bought MAG.TSX instead of FRES when both own Juanicipio...)

2 Because (between me and the missus) 1 million is enough. I will reduce when they hit 20p having bought a load in the 11s to average down

3 It is 5000 shares so far...softly softly catchy monkey...don't want to overpay...

4 Wouldn't you be tempted by the chance to turn £5600 into £56,000...?

CORNERSTONE CAPITAL RESOURCES INC COM NPV(POST REV SPLIT)
C$1.97 - C$1.9695 5,000 C$9,847.72 £5,600.17 C$2.28 0.02% buy