Member Info for mattlilly

Apologies..JPM not JOM...

And Peel Hunt's previous target here was 95p so their 125p revision after the May trade show , Adam Bond stepping down and the Interim Results gives me a great deal of confidence hence my buying back in with 250,000 today having exited at 17 plus...

Eh...? Not much confidence at 4 to 12 times the current SP...?

Brokers vary for most companies...

CWR Citigroup 1500 Peel Hunt and Berenberg 650 SP 267

ITM Berenberg 59p JOM 90p (from 130) SP 49

RR. Berenberg 240 Jefferies 640 SP 518

etc etc...

This is utterly bizarre...both SOLG and AFC are being held at 10p by the MMs....I've piled into both this morning...lets see which one gets to 20p first...Peel Hunt has a 125p target for AFC...I have a £1 target for SOLG...only 10 years and waiting...

Actually a 12.5 bagger...down from a 17.5 bagger...

That has to be the most inane comment I've seen in a while:

"Peel Hunt have been stupid and misguided so far"

Peel Hunt has become known for excellence in UK equity markets, acting for 150 listed companies and over 1,200 institutional clients.

As Nomad and joint broker they have far greater access to information than you or I...do you think they would trash their reputation with a stupid reiteration of their 125p target AFTER the Results announcement?

Zeus are also joint broker...liisten to their lead Researcher after the trade show in May...200 generators in the market in 2026 worth £30 million...ammonia cracker technology worth more than the current MCap (then £180 million)

https://zeuscapital.co.uk/exclusives/3775982199/

3rd Joint Borker is RBC which has an outperform rating on the stock with a 40p price target

https://www.proactiveinvestors.co.uk/companies/news/1057468/marston-s-results-risk-being-dampened-by-wet-weather-1057468.html

PS Please can we kill this rumour that the new CEO is being appointed to take AFC private...there is absolutely no reason to say that...in fact his CV says he is exactly the CEO to take AFC to the next stage of their growth...

1 The other permits are proceeding as planned

2 We need the other $900 million in place and possibly the DFS (which they may well be working on right now having finished the Interim Accounts with a skeleton staff)

But as the note and other references stated they are also working on a funding for regional exploration, the most obvious source being an offtake on Porvenir (which is valued at minus value at present given that SOLG is so massively undervalued).

Lets be clear here...Cascabel is going to ba a Tier 1 copper/gold mine. We are funded indefinitely to develop it. The NPV at current gold/copper prices is $5.2 billion for an IRR of 39%.

So we aint going bust and we aint building the mine, so its only a matter of time.

As I and others have said and Pad's article this morning implies, Franco Nevada did detailed due dilgence on Cascabel all the macroeconomic and geopolitical factors and pledged $525 million...a huge statement of faith in Cascabel...

And the regional portfolio is in for bunce...

In fact I've just bought another 105,406 at 9.99592...taking me to 250,000 today...

Good point Mak...but they were prepared to take the risk and take on £240k worth of shares, confident that they will sell them...

Just to remind you...three months ago they targeted £13.5 million on a fund raise and ended up with £15.8 million on oversubscribed demand at 15p...the shares traded up to the 19s within days...

I think AFC is an absolute steal at these prices...

Listen...you can buy this for under 10p...

I bought back in 144,594 at 9.99p this AM...

Peel Hunt reaffirmed their 125p target AFTER the Results...

Do you think they are stupid or misguided?

And the best thing? This is a green share that I will hold for a multibag...bottom drawer...

GLA

Noboa told us he wanted our plan to move faster than we had laid out...

But I repeat...we have allthe necessary permits already to cut the first sod to build the mine...

Well done Pad...just goes to show how underrated we are...

"The recent Cascabel acquisition strengthens Franco-Nevada's competitive position by adding a potentially world-class asset to its portfolio. This move is expected to contribute to growth in the royalty/streaming sector, which has been anticipating such developments due to strong metal prices and market appetite for growth through new streams/royalties acquisitions."

Bought 200k this am at 10.007...looks like someobody followed me...

The most significant thing was I couldn't buy any on a T20 or even a T10...none...but my T2 deal for 200k sailed through...

Suggests to me that MMs are nervous of taking a long position on a sale because they expect the SP to go higher...

I'm finding it hard to type messages...keeps stopping input...

Https://www.proactiveinvestors.co.uk/companies/news/1052510/afc-energy-s-significant-strategic-milestones-highlighted-by-broker-peel-hunt-1052510.html

(Auditors) Conclusions relating to going concern

"Based on the work we have performed, we have not identified any material uncertainties relating to events

or conditions that, individually or collectively, may cast significant doubt on the Group's and the Company’s

ability to continue as a going concern for a period of at least twelve months from when the financial

statements are authorised for issue."

Fixed Salary: The CEO receives an annual base salary of US$300,000, payable monthly, for the performance of executive duties at the Company. The CEO’s base remuneration was increased from US$200,000 with effect from 1 January 2024, however the uplift in amount was only paid post year end.

Benefits: The CEO receives a monthly ex-patriate payment of US$10,000 due to relocating to Ecuador. Lodging, medical insurance and pension contributions are paid to the CEO.

Short-Term Incentive: 50/100/150% (Threshold/Target/Stretch respectively of base salary US$300,000). Payable in 50% cash and 50% shares in Company.

Long-Term Incentive: The maximum long-term incentive is up to 200% of base salary (currently US$300,000) in each financial year (starting with the financial year beginning 1 July 2024).

Recruitment Inducement (Sign-on Bonus): The CEO received a Sign-on Bonus of US$200,000 payable over the first 12 months of employment. In addition, to secure his appointment and for retention purposes, Mr. Caldwell was granted (on 17 March 2023) an exceptional award of 30,000,000 options over ordinary shares in the Company, with an exercise price of £0.17 which will vest and be exercisable subject to the below performance conditions:

Darryl Cuzzubbo 2023 996,349

On 6 September 2024, Mr. Mather has stepped down as a Trustee of the Mather Foundation and consequently has no Non-Beneficial Interest to declare as at the date of this document. Prior to him stepping down and post 30 June 2024, the Mather Foundation, sold 450,000 shares. Mr. Joseland acquired 86,000 shares on 1 August 2024.

There are no requirements or restrictions on Directors to hold shares in the Company. The Directors’ Remuneration Policy does outline guidelines that each Executive Director is to maintain a shareholding in the Company equivalent to 200% of base salary to drive a long- term focus and alignment with shareholders. Scott Caldwell’s holding meets this guideline.

The primary focus of the Nomination Committee will be to identify and appoint a new Chair for the Company. Following the changes to the Board and Executive Management over the past 24 months, the Committee will look to reassess the current skills matrix and identify gaps against future needs. As the Company de-risks the Cascabel Project and moves closer to project development, it is clear that future changes, whether that be through addition of further Directors or education of the current membership, will be needed

CHAIR

Liam Twigger stepped down as our Non-Executive Chair on 20 December 2023. Since then, Scott Caldwell has acted as Chair at Board meetings. It is the intention of the Directors to appoint a new Chair to the Board in due course.

Mr.Liu brings over 30 years of private investment advisory experience

to the SolGold board, with a diverse background spanning multiple

sectors, including mining, energy, technology, consumer, and

healthcare. He previously worked as a partner at Valuestone Advisors

for mining investments, as an advisor at Jiangxi Copper Corp for its

overseas M&A projects, as a partner at Greenwoods PE Funds, as a

director at Mousse Partners and Actis, and as an associate at Merrill

Lynch Direct Investment Group. His experience includes assisting

portfolio companies in strategy formation, fundraising, investing and

corporate governance.

"As we continue to enhance our Board composition, including the search for a new Chair..."