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And 7th highest riser today on the LSE Risers board, which will provide some good exposure and visibility to a broader market.

16% 1.03p up now. Come on Solg!

Absolutely. If construction hasn't started on the main Alpala ore body (excluding the build of the initial decline) before the next election, heads should roll.

Noboa needs to prove his worth with regard to jobs and economic opportunities and Cascabel enables both.

Dan-the-man-with-the-solg-plan now needs to use this result to his advantage and start the newsflow and keep the momentum up here.

I can see an off-book trade for c. 800k shares reported at 15:39 today at 6.2p, not showing on LSE yet.

My view:

Whilst I hope Noboa nicks it, I suspect Gonzalez will get it. But you never know till it's done. Regardless, I don't think it matters as Ecuador is so desperate for money to repay their huge debt burden that I suspect either candidate will find a way to make it happen.

I also suspect the completion of the run-off event will enable news flow to well, err, flow!

A miracle?

Failing that, the delivery of their first de-risking target (due any time now unless delayed) which will enable the next FNV/Osisko payment of c. $30m however given the depressed SP currently, not sure what price that would recover to.

Ideally Solgold (by some miracle) pull a rabbit out the hat next week and deliver the first stage de-risk to earn FNV's 2nd tranche payment and in doing so, increase the valuation by de-risking the asset further. This would provide their best defence against a cheeky low-bid offer.

Clearly a different example, but I watched music magpie get bought by ao.com for 9p a share based on the 3 month prevailing high. A total p*ss take when 12 months earlier, BT were considering buying it and the SP went to something like 40p on that.

I hope the same logic is NOT applied here based on prevailing SP... But wouldn't put it past the Chinese.

Thanks for sharing Sharket, much appreciated. Feels like we're nearing the end game here.

Absolutely haemorrhaging today. Half expecting some news to state that Scott's run off with the remaining site furniture and set fire to the layout of the site bogs/canteen, setting them back 10 months....

Nicely timed. Daily 50MA @ 7.01p, 4H 200MA @ 7.03p. Price needs to hold here else it's back to 6's we go! Hurry up with that news Dan the man...

It looks like this retrace will land somewhere around the 7-7.2p range before next leg up (subject to news). Next few weeks should see some comms...

Awesome, thanks for sharing Mathers, sounded like they had a right barney! Not long to go now..

Delayed trade of 157m shares gone through from 11am which'll be Jiangxi's purchase.

Interesting times: https://www.miningweekly.com/article/coppers-uber-bull-predicts-new-record-on-most-profitable-ever-trade-2025-03-24

Yeah I agree.

What I love about Solg (there's isn't that much) is that because it's been around for so long, literally everyone knows its story. The size of the resource is its own legend and this serves as a reassuring backdrop to future moves. With the right news, this thing can explode.

I see the pieces coming together slowly, I'm glad the governance stuff is getting sorted and I look forward to seeing II return and it would be nice to see this move up in a future MSCI rebalance. With the new tax year just around the corner and fingers crossed Noboa can sort his win out in a few weeks, It does look like there's a light at the end of this tunnel, but it's just a glimmer at the moment. I just hope we have no more boardroom bust ups and these guys get their heads down and get this thing done.

I've written to him and said that we need to see a clear and detailed update (for better or worse) of where they are with the technical de-risking work given that it enables the 2nd FNV payment. Whilst I'm semi-interested in the ExploreCo, I see the operational stuff as top priority and this has to be their immediate focus to keep the lights on and to enable II buying (what with the new appointment last week too) and drive the SP upwards.

Currently looking like this week is going to end completely flat, printing a spinning top on the weekly. Need some (I was going to write decent, but any will do) news next week or it's likely that the initial excitement over Jiangxi buying last week will fade and we could see the SP drift back down to the 7's.

Come on Dan the man, show us yer feckin plan!

Agreed.

I suspect that Solg needed the reddies to cover up the inevitable delays in getting to FNV's 2nd stage payment and they found a solution to offer their shares. I suspect they were offered to all majors and I suspect Jiangxi took them for strategic reasons because it meant that no-one else could then take them and it puts them in the lead. They clearly sweetened the deal by bunging in some free consulting services which Solg jumped at and I wouldn't be surprised if the priority technical projects to be driven forward by the technical committee (from the recent RNS) will be done by Jiangxi consulting.

People have been asking why Jiangxi didn't just buy the shares on the open market for less. They definitely could have and it seems they did to the tune of 0.9%, but I suspect this move was to block other majors from holding a larger chunk.

Who knows mate, I find it odd to believe that anyone would be consciously choosing to liquidate their position in this company unless forced by other circumstances, given the imminent re-rating that's anticipated. If you believe the 1 trades, there's bad news coming ;)

Odd, if they're truly sells, looks like someone dumping their position. Price being taken up to reach a limit sell order?