Member Info for mattlilly

Took the opportunity to buy another £20k worth...

Still tempted by this price...

£5 by 31 December

£10 in three years...if we're not bought before then...

Somebody is unloading 100k at a time...bonkers!

11p already paid...

I already said affirm...

"Once we break 10.60 with conviction the next stop will be 14p...then 16, 20, 22, 25...if we even get that far before the first serious bid..."

Miketrix..."we are not a mine builder..."

We are an explorer...

Sangha, Scott, Nick and the CGP holders just want a sale...60p minimum...

Affirm it has been a joy to see your constant positivity on here...day after day...

But we should keep in mind that there are many people on here who have been waiting for so long and some who will still be seriously under water.

There will also be Sirius type holders who have way extended themselves financially, maybe even not telling their partners how overcommitted they are...so to see the share price stagnation, day after day, week after week, month after month, must have been really hard.

So I don't blame anyone who lightens their load..even the ones who have watched sales at 10.5 then 10.00 and seen the price all away and think "I've got to get this price while I can."

So let me put this the other way round.

I've also seen the SP fall from the 40s. I dumped the vast majority of my holding in the 30s because it dawned on me this would take far longer than I would wish. But I steadily built back until with a final 500k buy at 5.95 I got my average down to 8.24.

Please be clear. I am not gloating. It is simply the backdrop for me to say that even at 9.80, with the backdrop of todays game changing news, this is an absolute steal.

How often do you get the chance to buy shares in a company with NO FINANCIAL CONCERNS for probably 10% of its true worth?

So why is the SP where it is?

Just look at the trading patterns today. Someone on here was bid 11.9p for their entire holding earlier today.

Since 8.30am there have been virtually no BUYS over 50k. Why?

Because nobody is selling. The prospective bidders don't NEED to buy. When BHP bid 75 cents for Noront they only had 3% of the shares.

But any institutions who want to buy will have to pay up for size, so just imagine what will happen when the next review puts SOLG back into the MSCI...

When SOLG dropped out, MSCI Tracker funds had to sell possibly $50m shares. How on earth will they get those back without the price flying?

Today we are seeing short term traders and weak holders selling. On a day of the biggest announcement SOLG has made since the first big find at Alpala, only 12 million shares have been traded.

That says it all for me.

So please excuse me while I go and try to buy some more.

Once we break 10.60 with conviction the next stop will be 14p...then 16, 20, 22, 25...if we even get that far before the first serious bid...

Enjoy

Italian...you know I respect you, but seriously...?

"they describe a lifeline..."

A $750 MILLION lifeline for a company with a MCap of £300 million...?

This removes ALL money worries FOREVER.

Even if SOLG wanted to build the mine this deal makes Banking Finance a walk in the park.

Prospective bidders now know that we have no money worries and even have cash to drill the best of our other prospects.

So they MUST make up their minds:

Do they buy Cascabel or Solgold?

Bozi..."we are not mine builders..." have you forgotten that?

The permits are irrelevant. The Ecuador government is trumpeting Cascabel at every opportunity. The biggest permit was the Exploitation deal.

But all of this is irrelevant.

You will understand that Cascabel is to all intents and purposes underwritten by two of the biggest streaming companies on the planet. Even if they wanted to build the mine, getting the balance of the banking finance to build the mine would now be no problem.

But also as I've said recently. This deal puts an imputed value on the gold alone in Cascabel. When you translate into gold equivalent ounces, the copper and the other 80% of the gold is now worth many many many multiples of the current SP and even when you take off the construction costs you've got an enterprise value WAY ABOVE the current SP...and that's just Cascabel.

Bob, Scott, Nick and the other former CGP holders have all made categorically clear that they are only in this to sell the company. The 'Strategic Review' was always a smokescreen, except for the important strategy of how to remove al financial worries indefinitely and force any prospective bidder to make a decision...

Make a bid...or sell to the highest bidder...

I can understand anyone who has been on here or anywhere else holding SOLG shares, maybe for an average well above the current SP (mine is 8.24) worrying whether they'll ever see real gains and even airing their concerns on here.

But this is nothing like SIRIUS. Our money worries are gone forever. companies much bigger than us have decisions to make, maybe even those who don't hold shares, like Mitsui or Barwick.

And I can tell you categorically, NICK is only interested in selling.

Scott has played a blinder. With a skeleton staff Solgold is punching well above its weight.

Best wishes as usual. Red.

Bozi I'm surprised that you are still negative on this.

Today's announcement is game changing.

And life changing for you if you still have a meaningful holding...

Right on Jack. Most people may have missed the deal making Cascabel the Bankable project that it never was before Scott.

IMO it is only lack of shares that will hold this back today.

Look at the trading patterns of the past few months. Nobody was selling in size and why would they sell now.

With no new shares to be issued...ever...institutions will find it hard to accumulate any size. And the prospective bidders wont be buying any because they dont need to.

But not by bit as the true picture is understood, Private investors and anyone else who wants to buy shares will have to pay up.

This is a coiled spring now...

If anyone here sells today they're either desperate or haven't a clue...

Let the short term traders out today and then let the serious buyers take over..

Jiangxi and others e.g. Newcrest have some serious decisions to make...

At least we dont have to sell the 155 million shares...

Read my earlier post me too...that's all you need to know...

20p open?

Wow wow wow wow wow!

It's been a long wait but this is what weve promised...

Game changer!

Secure for years.

Now let the bidding start!

XIB

My understanding was that it was due to be completed 2 weeks ago today but something changed last minute which caused Scott to cancel Hannam...

Was it triggered by the 'outing' of FNV....?

Clara Resources (Mather and Moller) have sold their 22.6% stake in 1SN and Mather has left the Board...

Is he tidying up? SOLG next when the right bid comes along...?

33 trades in 5.1/2 hours...

One share traded every 30 seconds...zzzzzzzzzz....

GDX and GDXJ at 27 month highs...

Cascabel is one of the biggest gold reserves in the world...

Barrick...Newmont...?

Which company? I was told that FNV filed them...