Member Info for mattlilly

Trading at 11p on TMX

450k 9.96...

Still wanting 400k at 9.94

They'll take 400k at the full bid (9.93)

Good timing though...minigapping...10p paid....ready to ffly...?

Sandfire anyone...?

Exactly...all these people who say we have to acquire loads of permits before anyone will make a move...

Solgold just had the 2nd best hole ever discovered in South America when NCM and BHP made their first moves...

If your scenario is anywhere near, you don't need any announcements, just someone prepared to pay 45p...

In 2016 Maxit was running a process whereby Newcrest would get a stake at c12p/share.

In the middle of that BHP offered to buy a 10% stake at c17p.

The SOLG Board including Scott and advised by Maxit (Sangha) declined the offer and completed the Newcrest deal.

By July 2017 CGP had 10% by virtue of their 'current' 154 million...

Newcrest increased their holding to 14.54% by participating in a £45 million 'Bought Deal' in November 2017

But BHP wouldn't gp away...on 4 September 2018 it bought Guyana Goldfields 6.1% at 27p...a 20% premium over the market

And then on 16 October 2018 SOLG issued a further 100 million shares to BHP at 45p, a 28% premium to the market, giving them 11.2%...

Sangha was advising Solgold...

Just goes to show

Somebody must be mopping up these sales...

34 million vs 5 million Buys...

"1. Interested party / consortium outlines interest to Solgold.

2. Party confirms that it will commence full due diligence with the intention of tabling a bid within 9 months (on or before 30 September 2024).

3. Exclusivity to conclude transaction is granted to interested party in return for Solgold understanding the value range of the future bid (low-high range) "

Doesnt this fall foul of the following...?

"Following an approach to the target board, the target will be responsible for making any required announcement unless it has unequivocally rejected any approach (in cases of doubt, the Panel should be consulted).

Such an announcement (known as a "possible offer announcement") need only be a short announcement stating, for example, that the target has received an approach "which may or may not lead to an offer being made for the company".

The trouble is BBG that you're making it up as you go along...

Mather has never said he would accept a price below 80p...

Bob has said they have no intention of selling the CGP stake if they don't have to...

And right now they don't...

However I've said all along that it would be a smart move to sell the stake to get the bidding war going...

So 45p from Jiangxi, Barrrick or Mitsui would do the trick...

Happens every day mate...

Its not a real price, its just while the final auction is taking place (i.e.UT - uncrossing trade - to settle MMs' books)

Closed at 361.50 (360/362)

Hope this helps...

Don't worry...you'll see £4 soon IMO...(Ihave 34,000 having doubled my holding in the last 10 days

Not before time...watch GDX; and GDXJ; as well.

Close to 4 year; and 2 year highs respectively...

Still being bought steadily in Canada at 10.73...

SP 'gapped up' twice on 12 and 13 September...

Last time it gapped up it went from 8.8 to over 13 in a week, i.e. from a lower starting point...

Consolidating now? If only the persistent seller would clear, selling 100ks close to the Bid...

No surprises in the major holdings..the merger dilution took both Norges and Blackrock sub 3%

I didn't notice this before re the Offtake:

"Payments to SolGold equivalent to 20% of the spot gold price for each ounce of gold

delivered..."

DFS H2 2025

Construction starts 2026

"Near neutral NPV effect on Project"

"Cascabel has one of the largest gold resources amongst primary gold mines and assets worldwide,

the second largest not controlled by a major"

"Upcoming:

 Signing of Complementary & Amended Investment Protection Agreement

 Completion of Permitting/Environmental and Social Impact Assessment"

"Optimization Opportunities for Further Analysis"

UPDATED PREFEASIBILITY STUDY: PHASED START-UP APPROACH

 Refine optimum grade/tonnes, production profile

 Refine capital and operating costs

 Assess additional tailings sites with reduced footprint and distance to deposit

AISC $0.95/lb copper

"Proportion of Revenue Impacted by Stream" is only 5% of total gold production for the life of the mine

 Review opportunity to expand the mill and extend mine life and potential to include entire resource

 Tandayama America open pit potential for early production

SOLG bought up to 11.02 equivalent today...

344,500 at 10.73...biggest single bargain and highest daily volume for 6 weeks and only an hour into the trading session...

So much for arbitrage...

SP very quiet despite copper recovering more than 6% in the last week...

I'm wondering if somebody is sniffing around...

I know the only thing Alberto fears is a takeover bid and surely now is the perfect time...

So much news pending and with the Spanish domicile sorted this quarter ATYM could enter the FTSE250 with Tracker Fubds then having to buy stock.

Canaccord have a price target of £5.85 and I am on record as predicting £5 by the end of the year...

So a predator would need to move now IMO...

Don't overlook the metals prices Bozi...

I think the surge to 10p plus was based on the All Time High in gold and copper recovering...

Gold still close to ATH...

Copper and silver flying...close to 2 month highs...

GDXJ is at a 2.1/2 year high and GDX close to a 4 year high...

This is where the majors start to sharpen their pencils like they did in 2010/11...

Watch out for 43+ on GDX (now 40.05)

Wheaton Precious Metals just hit an All Time High...FRES is up 15% in the last week...

In the past SOLG has been correlated with gold...

PS I only asked because it looks like somebody has unloaded over a million this morning...

SP tp return to 10p plus if they're finished...?