Member Info for mattlilly

Https://credendo.com/en/knowledge-hub/copper-sector-record-breaking-copper-prices-amid-speculations-supply-shortages

https://cepr.org/voxeu/columns/beyond-energy-inflationary-effects-metals-price-shocks

https://www.thetimes.com/article/copper-prices-anglo-american-boom-supply-demand-txxdhkksb

https://datacentremagazine.com/data-centres/bhp-warns-ai-boom-could-worsen-copper-shortage

https://markets.businessinsider.com/news/commodities/copper-price-outlook-forecast-record-supply-shortage-metal-demand-commodities-2024-5

And especially this...

https://www.mining.com/five-reasons-why-we-are-entering-the-next-copper-super-cycle/

You're right Bozi...and fir as long as the Trump 'bounce' continues in the US, FOMO in equity m,arkets will ensure that metals and miners languish...

But its only delaying what will be the mother and father of a metals and mining equity bull market, especially the Juniors, viz 2010/2011...

Just look at the disconnect between the Gold price at 2650 and quality gold miners like EQX...

Gold was $1400 in October 2019 and EQX was the same price as today, despite a 90% gold surge since...

Gold $1820 in Oct 20...EQX hit $17...now $7.66...despite mining much more gold...

BHP is virtually at a 2 year low

CAML, a highly profitable copper miner with a 12% yield is at a 4 year low...

We're stuck in a perfect storm...for now...

Our day will come

This could be the steal of the century when we look back...

And you know that Barrick is my favourite...moving on to copper/gold projects...

"Barrick is a sector-leading gold and copper producer. Our portfolio spans the world's most prolific gold and copper districts"

remember that I posted this on Monday:

"Autotrades sold a million shares in no time at all to drive...keep the price down after trades at 8.23..."

Six of the seven trades were for exactly 150,000 shares...

The trades were made just as the SP was moving up towards 8p and they stopped the momentum, eventually driving the SP down to the low 7s and where we are now...

So picking up on Rodne's comment, I wonder if someone systematically took out all six Marketmakers at their bid price for 150,000...?

We all know the SOLG SP is ridiculously low...its priced for failure despite FNV/Osisko betting $750 million on a mine that won't open until 2027, afyer "months" of due diligence...

Surely the TEN seriously interested parties cannot keep up this monster game of chicken indefinitely...?

Sooner or later someone has to break ranks....

I'm talking about direcy communication, one to one...

I used to have a line into Scott, Chris, Christine and Sean...

Now none of them are replying.

Perhaps you don't know that BBG was threatened with legal action if he didn;t desist with his false accusations?

And that all of them have got completely fed up with the constant barrage of abuse from certain PIs...

Don't expect anything more than monthly updates now...

Green stripes...what a surprise...

How long before he says they're blocking communication because they've got something to hide...?

Risible!

You're wasting your breath OC...paranoid schizophrenia I'm afraid...incurable...

He has single handedly blocked all communication by the company to PIs...

Frankly he has zero clue about this but has to pump his paranoid fantasies daily, hourly...just filter him...

QED addickt...different industry but GREEN and 240% spike not to be sniffed at...

Rule is CEO and Founder of Sprott which holds a stake spread across a few funds...

Middelkoop says "Solgold is a no brainer..."

Oh and in the meantime the next big step is the DFS due fairly soon plus progressing through the tedious permitting process...

What lack of progress...during Nicks reign the first PFS was produced with a mine cost of $2.7 billion and the next major step would have been a DFS in order to kickstart funding.

The trouble is that our only potential sources of funding were debt, equity or a mix of both.

Even with a MCap of $1 billion, hoew would we be able to raise that withut massive dilution?

And that is what Ingo concluded because the debt narkets were all but closed for mine building and miners.

And we had to issue equity to Jiangxi at 17p and do a $50 million Royalty deal with Osisko to keep things going.

Since then we have had no spare funds for regional drilling except by combining Tandayama and probably Blanca Nieves into Alpala.

Scott has transformed our prospects:

The revised PFS brought the mine cost down by $1 billion and with higher especially gold prices the mine is viable.

The $750 million streaming deals were a major coup and have given SOLG credibility whereas I am in no doubt that if Darryl had remained as CEO we wouldhave been bust

You and I may not want to build the mine but that is now the only way forward until the bidding starts.

However, if the copper price finally recovers there is the real prospect of a further $900 million copper streaming deal and then we are fully funded to build a turnkey mine at Alpala.

In my view that should also be transformational for the SP even though we are at the bottom of the Lassonde Curve.

We would then be able to sell the CGP stake/issue equity to fund regional drilling again.

But in the meantime look at the macro environment...

The dollar is at a 1 year high and metals prices are consequentially flat.

And even BHP is close to a three year low...

Keep the faith...

Why hasn't LSE registered the two bargains at 8.23 as the high for the day....?

Someone smart has taken advantage of the Bots to buy £37k worth at a snip!

Thank goodness the Autobots only panicked one PI into selling...

Https://www.afr.com/companies/mining/sacked-ceo-sues-solgold-for-breach-of-contract-20231212-p5equr

But was it actually settled addickt...DC took SOLG to court...maybe hes appealing...

Autobots sold a million shares in no time at all to drive...keep the price down after trades at 8.23...

Is summat about to happen...?

Miners generally going nowhere...BHP down 15% in 2 months...

Copper down from its high yesterday of $4.34 to sub $4.19...

OK RICHR...what would you do to get the SP up?

And how would you finance that?

Because you think they're worth no more than you...