Member Info for mattlilly

Osisko's $50 million was partly to finance exploration...

"This financing provides the Company with greater optionality going forward and is an overwhelmingly positive development for all our stakeholders. SolGold is very well-positioned to advance strategic project initiatives and accelerate exploration opportunities that hold the most significant potential to generate shareholder value."

Royalty Financing is a Loan

"Royalty-based financing is a loan..."

We repay the loan through mined ore...or we can repay early...

For the idiots that wanted to sack Scott 93%

For those who continue to support Nick 73%

Interesting...Filo Corp was $1.79 less than 4 years ago...cashed ut at $33...a 19 times Multibagger...

They have never had any Revenue, they are further back than we are and as this article states, Filo shareholders should take the money and run...

“However, investors should consider the potential risks and uncertainties associated with the deal completion and inherent volatility in the mining sector.”

https://seekingalpha.com/article/4708510-bhp-group-filo-purchase-wont-come-close-to-solving-its-biggest-problem

Going back to SOLG, it is beyond doubt that we are worth far more than the current SP and irrespective of a fair value for Cascabel, I totally agree that we are wasting the potential for the cream of the other 85 prospects to add meaningful value to the SP.

As Nick has said, there may be other Alpalas out there.

Bur we have no cash available to drill them, even Porvenir, except...

Thats why I'm so excited that Scott is trying to bind Blanca Nieves into Alpala. If FNV accept that its proximity and the certainty that BN ore could be processed at the Alpala site, we can spend money on a potential new Alpala.

Otherwise the only ways to raise drilling monies for other projects are:

Borrow it...probably not more than $10m...

Issue new equity...at 5p? (Unless its to a potential bidder but then probably not more than 10p)...

Sell there CGP shares, probably at the same cost and consequences.

So we agree. And if Darryl hadn't nearly bust SOLG maybe we would already be down that road at a far higher share price.

(PS Is there any evidence for this “We appear to have batted off anyone that was interested in partnering up...”?

Thats why I conclude that the best deal would be to sell Cascabel, pay a special dividend and use the rest to develop the regional portfolio. That would spike the SP.

Wish....I lobbied for weeks through Sean and I know he was pressing Scott and Christune to use Investor Meet...but deaf ears and disdain fir us loyal holders....

Are you posting rom the beach in SL DBW.

Thanks paddy...trust to the mill...tick tock...

Not even that Brian (hows the golf by the way...)...

The FT says 2.83m and your other points are absolutely right.

Liquidity us the bane of SP progress especially as it inhibits IIs and HNW investors from buying any size...

But ut also says the serious players arent selling....

Tick tock...

I have clearly stated the path many times...

The first bid will either trigger a bidding war or end the contest at at least 60p.

80p is simply my calculation of the value of Cascabel based on the FNV/Osisko deal...

Why do want to keep arguing the potential exit price down or dampen the hopes of people who have waited years.

Noront was just an example of how a non mining bidding war can play out...and Sangha was the key player...

Solgold is on a different scale and my belief is that is why the potential predators fear making the first move.

Its prospective value and strategic significance are beyond doubt even without the other 85 projects and that value will out before a single tonne is mined...

Yes that's an opinion but look at the welter of similar views from those far more expert than me...

Please feel free to seize on minutiae and irrelevant examples to try and puncture my optimism but the rational people on here also know it is only a matter of time...

As Middlekoop said...Solgold is a "no brainer"...

SHG went from a 2017 low of 2.56 to 14.76...thats 577%...so what?

Hallelujah Brian. Thank God somebody gas said that!

Bozi you cannot compare SOLG with CEY or SHG...

Centamin is a mature miner based in Egypt.

I have been invested in it and it has had a chequered history including a mine collapse. A producing miner will always have a price that better reflects its EBITDA and P/E ratio compared to its peers.

I bought ATYM at 80p one year before first production and sold the shares at over 400 just 2 years later in full production and with not even a hint of a takeover. A mature miner.

SOLG is at the bottom of the Lassonde Curve and was nearly busted by Darryl. We all know its massively undervalued and thats without Porvenir and the other 85 prospects.

Shanta Gold was taken out at c£140 million compared to a possible £1.8 billion for SOLG.

It was also a mature miner whose SP was based on gold production, EBITDA and P/E so you could say it was fairly valued before the takeover bid.

And it had only one suitor!

There are ten seriously interested parties in the SOLG dataroom and the FNV deal vakues SOLG at c80p/share.

Please compare apples with apples...

I'm afraid I don't agree Bozi...

In December 2020 Noront was 14c/share

In May 2021 it was 24c just before Wyloos first offer of 31.5c

BHP's first ALL CASH offer having zero shares in July was 55c

In September Wyloo offered 70c

BHP came back at 75c...Wyloo trumped it at 105c...Sangha handled the bid

This will be a bigger bidding war than Noront..

A prospective bidder doesn't need to hold any shares

The SP doesn't have to be 40/50p to start with to achieve 80p...

This is the hottest unmined copper gold prospect on the planet...

All you need is the first bid...IMO a first 'knockout' bid would have to be at least 80p...

7.8538 Bid 7.949 Offered

Dummy trades

I am firmly bid at 7.77 and

Offered at 7.8446 in 100,000

Market will now take 500,000 at 7.68

Someone Bought at 8.2338...

I can sell at least 400k at the price...

The dealable quote in 100k is 7.985 to Buy; 7.80 to sell...

I suggest the MMs want stock...

Even if you voted him out thats only as a Director.

You cant stop him being CEO as long as the Board wants him...

7.99p to Buy...wide spread....whats up?

Jesus is in the house...again...

FTSE250 listing must be soon then...

Lift off...