Member Info for schlemiel

At present this stock is DEAD. There's more life in a tramp's vest than there is in SOLG shares. The recent BHP Standstill Agreement's killed the share stone-dead.

Come on Mather, we need substantive and positive news before Bent Crook and his allies get their shorting teeth into SOLG

3 v 1 (55k v 5k)

nowt on th'offer

5*250k's still sat on the offer like a bad smell

http://www.mining.com/web/top-copper-miners-output-slump-adds-worry-metal-shortfall/

https://www.afr.com/business/bhps-measured-creep-of-risk-appetite-20181111-h17rop

Cook's looking to create a window of opportunity to short the stock before its closes. To create that window you need to construct a bearish case or pique a degree of uncertainty in the mind of the market. He's like a two-bit street dealer..pathetic when one considers the arrival of BHP

The pertinent question is very simple. Will Alpala be economic (generate cash profits above capex outlay) over a period of time? That is the most important consideration.

How much will a company (BHP in this instance) need to spend to bring Alpala into production and generate cash profits? £3bn? 4bn?

Compared the costs (forecast costs) of developing Alpala production to for example the Resolution mine in the US being developed by BHP and Rio.

'Seppala works for Resolution Copper Mining, a venture between the two largest mining companies in the world, Rio Tinto and BHP Billiton. Together they’ve spent more than $1 billion, including $350 million sinking the No. 10 mine shaft, in hopes of tapping nearly 2 billion metric tons of ore. Less than 2 percent of it is believed to be copper. It might not sound like much, but that’s considered dense, making it the fourth-largest undeveloped copper deposit in the world.' (this is 2016)

https://www.bloomberg.com/features/2016-arizona-copper-mine/

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The costs are enormous. A mine shaft costing $350m.

The PEA is fundamental to SOLG's value but until they start mine construction it's almost impossible to know what will happen. The uncertainty involved elevates costs beyond what we can absorb which is why SOLG should explore, drill and sell to the highest bidder and forget this nonsense about production. Mines of this size should be left to the big boys to absorb the costly mistakes that will inevitably occur when constructing such behemoths

look at the short positions over the last year on SOLG(TSX) and how they fluctuate...I am assuming COOK will try and short SOLG through the TSX

https://shortdata.ca/stock/SOLG.TO/

https://shortdata.ca/stock/CGP.V/

For TSX

https://shortdata.ca/largest-short-positions/

https://shorttracker.co.uk/companies/?sort=2&d=desc

'who Cook is'

I wonder what Mather thinks of Brent Cook's intervention? I am sure Mather and SOLG are aware of how Cook is and what his intentions are...

It is important to emphasise that only “Members” of the company are guaranteed the right to attend any General Meetings and vote on resolutions put to members. Members will be listed on the share register and only those who hold their shares in either paper certificate form or are “Personal Crest Members” will be listed in the register. If you hold shares in the nominee account of a stockbroker, you will not be on the share register and you are not a “Member” of the company. You are only the “Beneficial Owner” of the shares.

The shares held on your behalf (and for other clients) by stockbrokers in a nominee account are typically “pooled” and there will be one entry in the register for all of them, in the stockbroker’s name. The company will therefore not know you and will not recognise you as a shareholder. Indeed they will definitely not allow you to vote directly, and can bar you from attending or speaking at General Meetings. There is an alternative to “pooled” nominees used by very few stockbrokers which are “designated” nominee accounts, but the shares are still in essence held in the nominee’s name.

https://www.sharesoc.org/investor-academy/advanced-topics/nominee-accounts/

Small shareholders holding stock in nominees tend not to be aware that their stock can be loaned out for a small fee...permission to loan out stock isn't sought and isn't needed...our shares are pooled together unlike major shareholders..we are anonymous in that sense..that's my understanding..call it ill-informed

I did read that a holder can place an elevated stop loss sell order on their stock to prevent their shares being loaned. It is worth calling your broker and asking them directly about the process of shorting and can their holding be loaned out for shorting purposes.

The release of the PEA is a major event in an explorer's corporate journey and all of SOLG's hard work is leading up to this. How will the price respond to the release of the PEA for Alpala? Cook may be thinking based on experience that when a PEA is released the share price always falls back as the expectation is slowly released...that's how I interpret his musings..he's looking for a price opportunity to take advantage of

enuff from me

Just chill out about Cook. BHP's arrived and their involvement is a massive endorsement of Alpala and of the company itself.

But Cook's an equity investor not a miner. His game is to turn a paper profit on buying and selling shares. Maybe he sees an opportunity to short SOLG when it releases its virgin PEA for Alpala based on the idea that the market will expect 'X' and be delivered 'Y' and therefore be disappointed affording him a sell-off to take advantage

I bet Cook's been watching SOLG's fevered rounds of presentations across the world with Mather, Ward, Legge extolling the virtues of the upcoming PEA and he'll be thinking 'what happens if the market's disappointed'? He'll see an opportunity to make money on the downside (a short bet following the PEA release)..so Cook will be looking for any sign of weakness or doubt in SOLG news releases as we move towards Jan 2019

This is the danger of way too many presentations. If the aim is to sell (advertise ones self) the company to the highest bidder then fine but I don't believe that's the intention here. We can't have SOLG employees saying extravagant things on a public forum about future company developments and then seeing the market be disappointed..we'll get marked down if SOLG news disappoints which we saw with this BHP standstill agreement...

The prospect of a near term takeover's also receded so Cook's seen this as an opportunity to short also but you never know who's watching events - The Chinese for example and you wake up one morning and there's a large offer on the table trumping BHP. The Ecuador government won't have any qualms about having large Chinese miners on their land. if Cascabel was in the US for example I doubt a Chinese offer would be entertained

rambling as bad head..incoherent

COOK v BHP - laughable

That's Brent Cook..too many beers...apologies

I bet Rick Rule sh-t his undies when he saw BHP take Guyana's 6% at premium and then take another 100m at 45p in a new placement. Who the fluck is Rick Rule compared to BHP BILLITON anyway? A total no-mark

RICK RULE V BHP BILLITON .....it's just too embarrassing to even continue the debate

Dbw - just got in and missed the move so can't say if the 5*250k sell orders have been removed ... will confirm first thing monday morn fella

SQZ and MARL far too soon and it's cost me thousands and thousands of pounds. I'm not gonna make the same mistake with SOLG. I'm gonna hold this mother till someone grabs Mather by the lapels and puts him up against the wall with an offer he can't refuse