Member Info for mattlilly

I agree Der Sack...

And nobody seems to have mentioned this...

"No part of the Proposed Fundraising is being underwritten."

So OK, 'institutions' have taken more than they need at 15p to make a quick turn but thats life...

And it meant I didn't have to bother II and mess around to get the amount I wanted...

Onwards and upwards..?

I had a relatively modest holding and was going to take up the REX offer (which II BTW have NOT communicated to me)

When I saw this mornings price I couldn't resist at just over 15p anyway so...

Originally only needing to buy c15% to avoid dilution I've almost doubled my holding instead.

While Peel Hunt's previous target of 195p has been overtaken by events and despite them being house brokers, their target of 125p leaves plenty of wiggle room for gains as the market picks up...

Liberum at 85p and Panmure Gordon at 50p...

Apart from which it gives me a foothold in green hydrogen...thinking of my two granddaughters...

51 in 54...

47 green stripes in the last 50 posts...

Chat GPT seems to have got it soot on...most sensible poster so far...

HfH offtake funding could be provided by the likes of Trafigura, Glencore, Osjsko, Wheaton, etc as well as Jiangxi e.g. viz First Quantum...

What price Director/Insider buys at this ridiculously low price....?

A heated competition for copper among some of the biggest commodity traders is creating opportunities for miners to negotiate favorable terms ranging from huge upfront payments to extra-long contracts.

Other recent deals suggest that traders are expecting the extreme supply squeeze in copper concentrates may continue for some time. Several mining companies have clinched contracts at favorable terms that would have been unheard of just months earlier, stretching out as far as 2028, according to people familiar with the matter.

And worth waiting for...green for go...but not stripes..

Has brought the good guys out en masse...let's hope it silences the doomsters and time wasters...

So which will come first...funding or the first bid...?

Doing my bit to help...sold 10% of my JAY to buy these at 0.1435...naked punt but WTF...

Thanks again enuff...can't resist a punt...

Sold 10% of my JAY and re'invested' in UFO at 0.1435...

A million flies can't be wrong...surely...?

Thanks enuff...

Weird...what is this RNS doing on the UFO RNS feed...?

https://www.lse.co.uk/rns/UFO/replacement-board-changes-mxt437iofbvm8nr.html

Just popped in to observe the last rites on this BB...destroyed by morons and those who respond to them...

I've been on LSE (8,786 posts) for 10 years and on this BB for 8...

I have never seen anything so wasteful...

I've just counted the last 120 posts...97...NINETY SEVEN...are green stripes...81%...

Thanks to all the good guys and those that have never stopped believing the story...you will make life changing gains...

I've enjoyed the constructive exchanges and learned from others wiser than me (no not you Quady...)

We wll continue to hold our 3.1 million...

I'll see a few of you on Twitter/X and some others on ADVFN which, while it also has some dubious characters, is far better behaved than this...

Cheers and RIP SOLG LSE BB...

Thanks t

Kat...you misunderstood...I was pointing out that someone sold at 33 and somebody else bought at 38...within hours on the same day...

I continue to hold 7.2 million at an average of 0.48 and expect to make a life changing profit...

Thanks FTJNY. I didn't see the other comments.

There are several sound posters on here and I have always appreciated your thoughts and input.

I will hang around today to respond to anything positive that is unfiltered.

In future I will be present on the Twitter feed that a few good guys on here inhabit.

And although there are a few idiots on ADVFN who are also filtered, its much quieter and you hardly get the irrelevant stuff.

So if anybody wants to see any thoughts or research I post there my moniker is rougepierre...

United for life! (well 67 years so far...)

With Quady continuing his cowardly slander behind my back... :-)

And only five inconsequential posts plus 33 green stripes in the last 38, its time to go.

If the sensible people still can't bring themselves to disengage with the country idiots, what do they expect.

At least it will save me doing hours of analysis every week...

So...parting shot Quady...you've apparently said there is no interest in SOLG, totally ignoring the TEN Expressions of Interest stated in PFS3 on 12 March.

And I understand you are still attacking DBW with your blind ignorant belief that SOLG is taking Cascabel to production.

They're not.

The $10 million FACILITY is not ringfenced for Cascabel.

The only mandatory expenditure on ALL licences is $754k for the 4 years from 1 July

There are NO further drilling plans for Cascabel.

The reason for the PFS3 and the probable offtake funding is twofold:

1 To establish real value for Cascabel (heres a quick calculator, where A is the amount of funding; and B is the total copper production committed:

12,100,000/B x A = Total non discounted value of the copper production at Cascabel. Deduct $1.6 billion and you have the 'clean' value)

2 To force any intending bidders to dip their prock in the custard. Bob will invite bids.

Ingo left because he knew Cascabel could not be funded at then current metals prices without massive dilution, either through Equity or Convertibles.

So if your dream comes true Quady, you will either have to find a great dealmore cash to buy the shares to avoid dilution or even YOU Quady will actually lose money on your spectacular original purchase.

Enjoy...and bye guys...I'll pop in very occasionally to see if the monkeys are still being fed...

Sorry 38...15% bounce...

No 20 on today's all share risers list...should attract some attention...

I wonder what we will close at...?

Sold this am at 33; bought pm at 37.7...14% bounce...

Summats afoot...

I agree Jack...I was simply using a read across that implied they could have way more than $2.7 billion to spend on Solgold if Barrick made a successful bid for First Quantum...

As I said earlier, any of the majors could pick off SOLG and/or build out Cascabel from petty cash.

So taking a direct read off First Quantum (the $500 million offtake agreement was with Jiangxi...)

And assuming that "This proposed Financing ("Financing") is projected to cover a significant portion of the estimated initial capital development costs of the Project" is at least $1 billion

The offtake agreement(s) could be for as little as 50,000 tonnes of copper for the first six years...

And imagine how easy it would be to raise the other $600 million with that/those deals in the bag.

But we aren't going to build Cascabel and Jiangxi followed up their deal by buying a further 4.2% of First Quantum taking their stake to 18.5% but...

Canada will not allow the Chinese to buy Canadian mining companies and...

Barrick have already made an approach, without a stake, so...

https://financialpost.com/commodities/mining/barrick-sounds-out-first-quantum-shareholders-on-bid

What price Jiangxi sells their stake (currently valued at $2.7 billion..) to Barrick and uses the funds to mount a bid for Solgold...?