Member Info for mattlilly

150,000 for choice at 7.805p (i.e. same price to buy or sell)....never seen that before...

I believe its 19.25 million granted at 37p exercisable up to 27 November 2024...

Thats £7 million...BHPs daily cashflow is c£120 million and they had cash at Y/E of £9.6 Billion so why would they bother to save c£4.5 million if they eventually bid 60p/share...and in any case it would kick off a bidding war if they were prepared to pay 37p when the SP was c8p...

The demad for the stock at 8p is irrelevant and unrealistic...

How quickly do you think the SP would rise if all the current bids were taken out...?

no major holder has sold a single share...ever...

Nor Middelkoop nor Sprott etc...

But none of the 37 interested parties that Scott mentioned can buy any size except at a substantially inflated price...most institutions wouldn't get out of bed for less than £1 million which would currently buy c13 million shares or 0.4% of the MCap...

Or 4 days average TOTAL volume i.e. 8 days total average buys...

You get my point?

I only bought 100k shares and the SP immediately moved from 7.71/7.77 to 7.76/7.83...

Hi affirm...

I hear what you say but MMs are in business to make money, like you or me...

They only do so by buying or selling shares...often selling shares they don't have and buying them in lower down...

For as long as there is no liquidity and no sexy news they can mainly stimulate volume by push

They don't 'manipulate' shares.

If they have a big buy or sell order, they will 'manage' their part of the market until the order is completed. At current daily volumes of 3.8 million shares, an institutional buying order of, say 50 million shares could take weeks to complete, whereas for ATYM for example the equivalent value coukd be acquired in 3 or 4 days...

So when you say "It should have hit around 20p with that news."

The news stimulated volume of 93 million shares in 5 days...FIVE TIMES the normal daily volume...

But then the profit taking set in and the shares fell back as the shares fell 19% on volume of 88 million shares, presumably mostly sales...

Which is why we need incontrovertible, meaningful good news such as the $900 million copper offtake...then you would see a surge of buying probably much more than July, maybe to 14p or more, until the inevitable profit taking and weaker holder selling butes again...

But I would expect much better liquidity after that until the first bid arrives, when volume and the SP will BOOM...

I whlly agree with your post Bozi but with one minor inflection and a suggestion...

When you say theres a shortage of buyers I know what you mean because it would appear to be self evident but...

Remember Scott said in a telecon that in the previous week he'd had 37 'meetings' with analysts and institutions and that there were several HNW individuals in Ecuador wanting to buy the shares so...

What we actually have is a shortage of SELLERS...

As I've mentioned before and based on it being my day job as GFD of a quoted plc, the fundamental problem we have is poor liquidity...viz my post on 4 November...

"SOLG has only turned over c6% of its MCap in the last 3 months...BHP 40%...GGP has been running at c25%...ATYM c90%... "

It is self evident that there is no real selling, because the vast majority of shareholders have bought the story and they daren't sell because of FOMO...

E.g. twice in the past I've wolen up to find that the price of my SOLG shares was suddenly at least double what I had paid..

To be a Market Maker you have to guarantee to make a market at all times at the quoted price in 'Market Size' which in Solgold is 150,000 shares...

Anyone with Level 2 can tell us how many MMs there are in SOLG but they only make money when people buy or sell shares...they don't keep warehouses of shares (although sometimes they will know where they can get hold of size)

So in my experience when nothing is happening and certainly when there are negative factors they move the market down until they shake out weak holders or hit stop losses...

So although there are undoubtedly HNW and Institutional buyers of SOLG shares they cannot get the size to make it worthwhile except by pushing up the price significantly and steadily...

In normal circustances they can get shares through equity issues but with $750 million 'banked'and a probable $900 million copper streaming deal on the stocks, SOLG has no need to issue shares...ever again...

Which is why I am trying to persuade Scott/Bob to sell the CGP stake.

Givedn there are at least TEN serious players in the dataroom, I am confident that the stake could 'auction' the shares to a would be predator at a premium to the current SP.

That would have three effects:

1 The share price would break out of its downtrend and return to a steady uptrend towards 14p or more

2 It would spark takeover fever, either suggesting a bid from the buyer or a bidding war if its a new buyer

3 The move up in the SP would shake out people desperate to get out at a higher price and thereby stimulate the liquidity that the instis and HNWs need to build a holding...

Hi Guys

No panic. Sean has been off grid with his son moose hunting!

He's getting back to me this evening.

If theres anything to report I'll post

I messaged Sean 5 days ago...normally he replies ASAP so....

He's got his hands full with something...what could it be...prepping the AGM or prepping something else...?

Bozi...the post tax IRR climbs to 37% on current metal prices...

A succinct summary Novice

NEOM's "linear City" will be the largest in the world and totally powered by renewable energy...

"The NEOM Green Hydrogen Project is the world’s largest utility scale, commercially-based hydrogen facility powered entirely by renewable energy.

An equal joint venture between NEOM, Air Products and ACWA Power, the project is based on proven, world-class technologies that will include the innovative integration of a combined capacity of around four gigawatts of renewable power from onshore solar, wind and storage."

https://nghc.com/

https://www.zahid.com/tamgo-to-distribute-afc-energy-h-power-fuel-cell-generators-in-the-kingdom-of-saudi-arabia-and-other-mena-markets/

https://tamgoksa.com/2024/06/03/tamgo-afc-energy-partnership/

"AFC Energy has signed an agreement with Tamgo, a power solutions vendor for various large-scale infrastructure projects in Saudi Arabia, including Neom. "

https://www.pv-magazine.com/2023/09/05/the-hydrogen-stream-gulf-nations-moving-forward-with-tech-cooperation/

"AFC Energy plc (AIM: AFC), a leading provider of hydrogen power generation technologies, is pleased to announce that it has conditionally raised gross proceeds of £13.8 million by way of an oversubscribed placing.....

AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, is pleased to announce that the REX Retail Offer launched on 10 June 2024 via REX has now closed and the Company has conditionally raised gross proceeds of £2.0 million....

AFC Energy plc (AIM: AFC), a leading provider of hydrogen power generation technologies, is pleased to announce that it has conditionally raised gross proceeds of £13.8 million by way of an oversubscribed placing."

You brighten my day novice...a national treasure...

"I fully expect this to take another 2 years minimum, we need to accept that here ....£1 Someday soon!!!"

Why bother...?

You've posted nothing on SOLG for months, if ever...

Then with no research or justification you post that tosh...

If you're a paid deramper I'd want a refund...

Pathetic. Please slide back under your stone...filtered.

125k bought at 10.66 after hours

When will Helikon start to close...this thing has legs...

Now up 30% on the day and 36% from the bottom...

Filtered...idiot...

The 'Market' isnt saying anything Richr...its simply not interested...nobody here is really selling...there are no new shares coming to the market....institutions and HNW individuals cant build up a stake...theres no real liquidity...

SOLG has only turned over c6% of its MCap in the last 3 months...BHP 40%...GGP has been running at c25%...ATYM c90%...

As the last few RNSs have shown (down 25% since the Annual Report on 27 September) 'the Market' wants something sexy to chew on...not the appointment of GMining...

So serious question Bozi...what would have done? Sit and wait with ho cash until s/o bids...?

Issue equity at a deep discount to keep the lights on...?