Member Info for mattlilly

Hi

I hope your mate got into 1SN...

Best

RK

Https://mailchi.mp/latam-investor/volatile-metal-markets-puts-spotlight-on-latin-american-mining?e=8bd6c0b920

10.73 equivalent in Canada

All the remaing permits will be incidental once we get the $900m...

FNV did 6 months Due Diligence...they've committed £100m already...do they look like gamblers...?

Don't get hung up on the permits...they are a bureacratic process and will trickle through...

But Cascabel is Noboa's flagship $3.2bn flagship project and we only have to invest $1.6 billion to be cash positive 4 years after cutting the first sod...

So I beleve once the $900m seals this as a turnkey project, the bids will come...

If not before...Gold just hit $2500...tick tock...

Breaking out...2488...new ATH...

Respect as usual addickt.

Pushing towards a new All Time High again...just 4 dollars shy...

3rd time lucky?

And when it pushes through $2500 SOLG becomes a Gold play IMO...

Lets see...could be today...

Luke...there are now no permits that would prevent a bid, but the completion of the $900m funding will put Cascabel in 'turnkey' status and then there is no reason not to nid.

Hi addickt...

Just read the article and everything checks out with what I was told confidentially.

Including BS's 'volley' at DC resulting from DC's unauthorised 'spilling of the beans' to FNV befoe the Osisko deal had been finalised.

And the latter gels with the earlier incident that was not mentioned.

DC's 'lone ranger' act started wth the widely publicised failed 'cashbox' equity fundraise in July 2022.

An Oz based arm of Barclays was given authority to attempt such an exercise by the CEO. When the major shareholders found out they were not best pleased because it would have diluted their proportions.

This information got out into the City and it precipitated a halving of the share price in 6 weeks, not helped by Ingo's resignation and Ayten's termination.

Unsurprisingly the latter two had expressed strong reservations against the exercise, but it got some Board support so Ingo went.

When it very publicly failed, AS resigned, withdrew it and was sacked. Unlike DC she has never taken an action against the Company.

It seems significant that the Osisko deal on 7 November stabilised the SP which contiued to recover to almost 20p...shrugging off DC's termination.

The uncertainty and potential dilution arising from the proposed Cornerstone acquisition saw the SP fall some 25% to 13p but once it was completed, including Scott's appointment and Bob's statements about a bid, the SP recovered again to over 22 by April.

There being no follow through, the SP began a steady 10 month decline until it bottomed out sub 6p. Any potential recovery was stymied by the relegation from the MSCI Index which saw over 50 million shares sold in a couple of weeks.

Now it has stabilised and I believe the key announcements in the next couple of months will see it recover to at least 20p.

A final footnote.

I was never impressed with Liam. I had a one hour one to one with him in early 2020, during which he didn't seem to recognise the gross inadequacies of SOLG's corporate governance. It has since become known that major shareholders had also made representations about the shocking inadequacy of SOLGs corporate governance.

It took till 5 August 2020 for them even to contemplate according with the Code on Corporate Governance, which I had implemented in an AIM plc in 2006...!

And that was down to the company basically being run by LT, NM and Moller.

And yet even then fraud was discovered in 2022 leading to Jason's departure.

Solgold is in a much better place now. Scott has cleared the decks; there is a clear strategy; and we are finally moving towards what Nick wanted years ago...the sale of Cascabel, or indeed Solgold at £1 or more...

Hi Eish...

Nobody really knows...

There should be no worries now....cash secured for 2 years (but none for developing the regionals)

SP bottomed on the $10m Facility news and rose at least 35% on the $750m...

There is clearly long term resistance around 15/16 and I don't see why say a $250m streaming/offtake deal on Porvenir wouldn't push us up there, because the funds would be available without restriction for both drilling the most prospective regionals and for general company purposes...

But the biggie would be the $900 million copper offtake deal which would seal Cascabel as a turnkey project.

At current gold, silver and copper prices the Gross NPV is well clear of $4 billion or 105p a share and even Scott has said that Cascabel is worth at least a buck (i.e. 80p).

I believe the ideal strategy is to sell Cascabel, pay a special dividend and use the balance to develop the regionals in absence of a Porvenir funding...

So the $900m could see a rerate towards the next big resistance at c20p...

So why is the SP stuck in a rut when it was c12p only 4 weeks ago?

Immediately following the $750m funding, Scott had 35 meetings with FMs and analysts in one week...and there is big interest from HNW Ecuadorians wanting to get into the stock.

But there is now no need to issue new equity and they have no interest in selling the 6% 'own shares' below a minimum of 25p...why should they...?

There will always be selling by weak holders and/or traders on a price surge and I'm guessing that those are being soaked up by instis.

So with no long term holders selling I believe there are two fundamental reasons why we're stuck in a trading range again:

1 the market liquidity problem remains...I couldn't buy more than 100k, then 50k then 30/35k to build up that 500k plus over an hour or so this afternoon and even after 16.00 I was being bid for 400k above the market bid...

2 The poor communications management. I do hope the reason isn't the cost of issuing a RNS...but if you take out PDMR transactions and routine announcements like quarterly results, there have only been 17 'newsy' RNSs in the last 18 months.

We had 32 'interesting' RNSs in Nick's last 18 months as CEO...

And the problem is that Scott is doing private briefings and investor calls to selected 'influencers' rather than issuing RNSs.

And despite the likes of DBH and 'Jack' doing a sterling job, its just not the same.

And then you get Solgold Management, like you and I, wondering why the SP seems stuck in a rut...

My personal view but I hope this helps

Yep!

Closing at 10.12?

Gold bounced off the All Time High today...

Copper up 6% in a week, just in time for a streaming deal...

Market now short of stock...I'm bid 10.05 for 400k...

Could be an interesting UT...

With money worries banished...a prospective $900m copper streaming deal....permits a formality...Scott saying Cascabel worth at least a buck...and 80+ regionals in for zilch...10p and below is a ludicrous undervalue...

Sorry...10.05 and 10.02...

And another 215,000 at 10.005 average...

So...513114 at c10.002

Bought 298114 at c10p...

Bonkers

Wrong...Im talking about these...

https://maatecalidadambiental.ambiente.gob.ec/wp-content/uploads/2024/07/25-MAPA-DE-PENDIENTES.pdf

https://maatecalidadambiental.ambiente.gob.ec/wp-content/uploads/2024/07/28-MAPA-DE-INFLUENCIA-DIRECTA-AIRE.pdf

The documents I posted yesterday...