Member Info for mattlilly

Gold new ATH...copper still buoyant...

Great call Lutho...do you have a crystal ball?

"RE: ISA28 Sep 2022 17:46

Factor in 20% CGT when these shares do (hopefully) recover and then it makes sense to have them in your ISA. It also seems to me inevitable that Labour will get in at the next election and who knows where the CGT rate will be then."

Wow! Copper bounced over 3% in 6 hours...Chinese buying overnight?

Theres a perfect storm coming...

Talk about volatility...

Copper 4.70 to 3.95 July to August then back to 4.30 early September but wow!

Last 24 hours...4.25 to 4.35...back to 4.25...now broken out at 4.36...

And gold....2565 to a new ATH of 2600...back to 2540 and now up to 2580...

Watch GDX, GDXJ and COPX later...

Gold, silver, copper soaring then bloodbath profit taking...

Should have known...buy on rumour, sell on fact...

G'night all...

Back to where we started...JPM rules OK...?

2600 gone...S&P at ATH...

Copper and silver still climbing...

GDXJ at a 3+ years high...

GDX at 11 year high!

Gold ATH...wiil it break 2600...?

Gold bounced off ATH...copper at 2 month high...

Gold, silver and copper flying...

Watch SOLG tomorrow...

50 plus 50 later in 2024

Plus 100 in 2025...

And 50 in 2036...

So there you are

No way 0.75...

BoE independent...

Mohammed el Erian says BoE no change but Fed cuts...

Of course...

Closed at 10.14...above the intraday high...

100p...

Meanwhile 10.92 equivalent paid on TSX...

So how about buying SOLG...?

$2 billion is almost 50p a share...nowhere near enough I'm afraid...

Certainly looks that way Adie...

Can sell 250,000 at 9.997 or buy 200,000 at 10.01...

Excellent...driven by AT trades...

Meanwhile Newmont selling assets...but not Solgold...

https://www.mining.com/web/newmont-on-track-to-get-at-least-2-billion-from-asset-sales-coo-says/

"Bristow said Barrick's goal is build a tier one copper business.....Copper is as strategic as gold is precious," said Bristow. "As you grow as a gold miner, you have to embrace copper. To keep critical mass, you've got to go to the porphyries—porphyry gold deposits—and with those porphyries come copper as well."

https://www.kitco.com/news/article/2024-08-16/copper-strategic-gold-precious-barrick-golds-mark-bristow

SOLG traded up to 10.92 on TSX last night and closed at 10.64...

Has been trading between 0.7 and 1p higher than LSE for the past week or more...

If you're interested in what Gina might do, have a look at UFO...

Bianca is not part of Cascabel...the ore will be processed through the Cascabel mill...

"The Syndicate will receive an amount in reference to 20% of the recovered gold in concentrate from Cascabel until 750,000 ounces of gold have been provided, after which the percentage will reduce to 12% for the life of the mine. The Agreement only applies to the gold produced from the Cascabel concession. Any production from other properties owned by SolGold that is not processed through the Project mill or infrastructure is not subject to the Agreement."

I repeat my post yesterday that SOLG must declare an approach that may lead to a bid

Where in the May RNSs do they allude to a "possible offer"?

"solgold sells 150m holding in treasury to jiangxi "

Thats not going to happen below at least 45p but if they had wanted to get the SP up they could have doner it long ago if this statement is true or "the approach that may lead to a bid...":

"solgold circulates put up or shut up letter to interested party. "

And...

"solgold receives first bid. accepted by solgold board"

The Solgold Board will reject the first bid unless it is well over £1 because with "multiple interested parties" and at least ten in the data room, any first bid lower than that will ignite a bidding war...

Tick tock...

PS I know you've accused the company of concealing a number of things, probably some of them on the list above, but I wonder whether you've thought of writing fiction as an author because you are investing a huge amount of time in fantasy, some of which would involve Solgold concealing material information, or at the very least information that would have the SP very much higher than 9.84p...and why spend the time speaking at conferences or taking investor calls if by releasing a fraction of the above they could achieve more price action...?

However...I am in no doubt that either by an announced sale of Cascabel or the first bid, we will have a bidding war here...