Member Info for mattlilly

Do you write fiction DG1...? Your post is risible...

So here are the FACTUAL responses to your comments:

"Solgold started selling off just after March 2022" It was actually August 22 after DC's hamfisted attempt at a cashbox raise led to Ingo and Ayten resigning. Sangha had to rescue SOLG with the OOsisko deal and DC was sacked 3 days later.

SOLG at the time had delayed releasing the PFS for ages maybe 2yrs - NICK commenced the PFS in July 2019. It became a farce. In March 2020 he said they were going for DFS and the $2.85 million financing was progressing well...

The PFS was eventually released in April 2022...AFTER Nick was sacked and Keith Marshall took over.

"CGP team needed to sell the treasury shares quick" The shares are held in a subsidiary of SOLG since the merger. CGP didn't sell their shares before the merger and they can't now. There are NO former CGP Directors on the Board.

The BOARD would have to approve a sale of the CGP shares.

The BOARD, excluding the CEO and on the recommendation of the Remuneration Committee approves the issue of Options.

"However with CGP at the reigns" (see above) "they can continue to issue low priced options..."

There are 119 million options outstanding (4% of MCap). Every single one is 'out of the money'. The average exercise price is 23p...

"Eventually it’ll be low enough that someone will take the asset for maybe 20p (Scott’s slip of the tongue)"

See above...nobody can "take the asset" without 75% of the shares and Scott's latest quote was "I'll take a buck..." i.e. 80p...

So DG1...another Jonny come lately...or have you changed your moniker...?

I wasn't there but I have very close contact with the top poster on here who was.

Basically Nick is reflecting yours, Bozi's and others understandable worst fears.

So lets be clear on Nick's likely agenda (and I have nothing afgainst Nick because I'm certain his SOLG goals align with us private investors.

Nick undoubtedly wants fair value for SOLG and he would honestly state that to be £1 but would take 60p...

He is clearly ginning for Scott and Chris but his hands are hardly clean:

He totally alienated BHP and NCM when he was CEO. NCM withdrew their Biard Member Craig Jones and both voted against him leading to his 'sacking'.

His position as a NED is utterly incongruous. Best Corporate Givernance has the Board comprised of Executive Directors INDEPENDENT Directors or representatives of investors with a 15% or more stake.

Nick is none of these and he is lucky to still be there. BHP and Newmont clearly voted against him at 72% while every other INDEPENDENT Director got at least 98%

Nick strongly supported the appointment of Darryl and only turned against him after DC trashed the SP...

He is solely here for himself directly abd through DGR Global. He has driven the latter into the ground and it is only being supported by his money.

So THAT is why he wants the maximum out of SOLG.

He and Rodney, separately are trying to drum up PI support to stop the complany being sold for a song.

But it CANNOT BE unless the prospective bidder gets 75%.

I say again...the Board of Noront backed by the holders of 45.7% of the shares, RECOMMENDED the BHP all cash bid of 55c a share but Wyloo still got Noront for 110c/share...

Bob Sangha advised Wylooo's successful bid...

"6s will soon become 5s and maybe 4s as well if Noboa gets dumped at the run-off."

So WHY ON EARTH ARE YOU STILL HERE...trashing the company and all constructive, reasoned argument...?

Over the last few days you've constructed a cast iron case for dumping your shares...

And with regard to DD....have you ever actually carried out DD for a Quoted 'interested' company' or directed the response for a quoted company as I have for an IPO.

But more top the point:

What was the scale of the investment

And do you have any direct experience in mining, especially copper and gold...?

"Fewer and fewer would say no, and it's not because 25-30p represents fair value. It's because we've been starved of any meaningful progress towards turnkey and we've got an exciting regional portfolio we're paying to upkeep but doing zero work on."

Bozi...I have respect for Rodney and have joined his group.

But as you are pontificating so much on what Scott et all are doing wrong, please tell us what you would do.

But before that share with us your experienc in being a Chair/CEO or GFD of a quoted company and in mining and exploration, specifically copper and gold.

1 After DC's astonishing ineptitude SOLG was left with no chance of raising equity, hence the $100 million Osisko deal.

2 The FNV/Osisko deal ringfences anything that isn't directly connected to Alpala )hence the consolidation of Tandy)

3 So how would you raise the money top drill our regional projects?

4 And what would you do instead of progressing Alpala towards production as opposed to letting it sit there and gather dust, which would see the SP probably below 1p...

Can't you understand that the plan is to make it more and more attractive to a prospective bidder; to create incremental value; to produce a DFS which will undoubtedly produce a meaningful increase in IRR and NPV.

With the expectation that before the first sod is cut somebody will break ranks and bid.

5 As to your concerns about a low ball bid at say 25/30p...so what...?

Do you seriosuly believe a "world class" project (as FNV have described it) would not attract a counterbid(s) and...

Nobody can buy SOLG for 25/30p until they OWN 75% of the shares...

Bozi...you are doing yourself no favours on here...

I ask again...why on earth are you invested here when you constanty beat up positive views on here.

I will continue to call you out on your myopic negativity by contextualising your kneejerk posts...

So..starter for one...

"(FNV) they can bung a few hundred million on a bet like Cascabel..."

What sort of a commercial business does that...?

FNV is the 4th largest Mining Royalty and Streaming Company in the world...

They have COMMITTED $750 million to Solgold...3% of their Market Capitalisation and 75% of their latest Total Revenues to Solgold...

Looks like their highly regarded Board are set for the funny farm...

Their "Diversified Portfolio with Low Risk" (see FNV website):

https://franco-nevada.relayto.com/e/2024-asset-handbook-hg395h8baqvft/kS8OiBdt36

"One of the largest copper-gold development projects in the world"

"Exploration has yielded encouraging results on the broader Cascabel concessions with the identification of a highly mineralized system at TAM, which is located approximately 6 km northeast of the Alpala deposit, offering an excellent opportunity to provide additional mill feed for upto 7 years and the potential for an earlier start of metal production froman open pit mining method. TAM is covered by the Franco-Nevada royalty."

Jordi...you've clearly done zero research into SOLG, hence your inane observation...you have only 19 posts on LSE...none at all on SOLG...

And what sort of an idiot predicts a company will go bust and then invests in it...

Best of luck in Capita...you won't lose money there either...

Can you put some flesh on your two reasons Bozi?

Why was SOLG at 40p PLUS PRIOR TO:

Darry's astonishing ineptitude

The massively revised PFS

Franco/Osisko's $750 million statement of faith

The merger with CGP creating a regional portfolio of 86 projects including Bramaderos

You're right of course cory but that won't stop buying in anticipation from 25 February.

Here is the precise wording:

"FTSE Russell, the global index provider, advises of the following indicative changes to the FTSE 100 and FTSE 250, based on data as of Tuesday 25th February 2025.

The actual review of the FTSE UK Index Series will be conducted using data as at market close on Tuesday 4th March 2025. Confirmed rebalance changes will be announced after market close on Wednesday 5th March 2025."

Https://moneyweek.com/investments/silver-and-other-precious-metals/will-platinum-and-palladium-rise

What more could they do?

They are progressing Cascabel.

They have the funding indefinitely.

They have announced the permits and process that people were crying out for (see the MD&A which probably hjarfdly anyone read...)

They are working on the DFS.

They now have several more parties in the dataroom beyond the original ten. These are Cos that have signed a NDA.

They cannot make any company bid and they cannot raise funds for regional exploration at 6p plus

So what more could they do...

I'm just as frustrated as anyone here but I just have to wait patiently as I have done for years and quietly get on with a normal life.

Have a good weekend all

Come on add...you're much smarter than that...

Because I expect SOLG to be bought out before then...

When have I ever been negative about SOLG...

If we get to December...?

BTW I've bought these on a T20 as a standalone buy away from our core holding.

So I may trade them, but I've got a month to decicde and if a low ball does come I will wait to see the effect before deciding to take a profit or not...

But my mind is open every which way and this reduces my average closer to 8p...

How have I changed my view Bozi...

I have simply said a low ball bid if it happened would stimulate a bidding war...

Panic panic thanks autotraders...bought 200k at 6.73p...!

Being massaged down for an imminent low ball bid...?

22% discount at mid price...utterly bonkers...

But...silver breaking out...after the ding dong battle this week with the fraudstrers, finally we broke $33...

Onwards to $35 and then $50...or more...and GPM is more heavily silver weighted

PS BRC silver is also massively undervalued at 36 . I believe its being held back by loose holders of the recent equity issue but analysts targets are up to 100 and beyond and it only recently traded at 53...PRE the recent rise in gold and silver...

Buys going through at 48...the spike in platinum has certainly improved liquidity here...

Back to 1032 but theres profit taking in gold and copper too after the recent surges...

Silver has definitely broken out of the $32 stranglehold

With the dollar tanking again and gold still frothy I confidently expect the markets to look at opportunities in side semi precious metals soon...

And silver and platinum look massively undervalued relative to gold...

Fear not...we're in safe hands but this has now become a trading stock for the time being...

I bought 130k at 10.23 on the appointment of the CEO.

Bought another 169k at 9.09, to average down and sold at 10.15;

Finally bought back now 150k at 9.17.

Brings my effective average down to 9p which I'm very comfortable with for the long term.

For as long as Helikon have their position I believe this may remain a trading stock but the recent flurry has certainly improved the liquidfity...

I had to leave the order on the books and pay up 0.25p for the 9.09 buy but the 150k I just bought went straight through at 0.10 below the quoted ask...

So we'll see...volatility can be your friend...

GLA

Stick to KEFI...filtered...you add nothing here...

A provision of US$716,170 has been recognised at 31 December 2024 (30 June 2023: US$716,170) for legal and employee

expenses.

GOLD STREAM BUYBACK OPTION CONTINGENT UPON A CHANGE OF CONTROL

The Gold Stream Agreement includes an option for the Group to reduce the Gold Stream Agreement by 50% within three years of the closing date of the Gold Stream Agreement or by 33.33% thereafter until the fifth anniversary of the closing date of the Gold Stream Agreement. The option is exercisable contingent upon a change of control event.

Directors pay

Scott Caldwell 265,540 Bonus 97,500 Value of options 472,039

Nicholas Mather 49,400

María Amparo Albán 48,364

Slobodan (Dan) Vujcic 75,404

Adrian (Steve) van Barneveld 55,603

Jian (John) Liu 48,399

Charles Joseland 51,797