Member Info for theiceberg

Wensley, i 100% see your point, I am trying to keep it to market mechanics i.e UTs etc as they sometimes apply to solg. Ggp is really just an example.
Many times we've had a UT at 16.35 which causes the price to be up 5%, then for the price to open 5% down. I.e back to where it was the day before.

Miagi, the after hours? Because it's the UT price.
You will have had two of more market makers\brokers gathering shares under order for a days, they then fill the order\ orders.
In the after hours auction they dispose of them to the client\s. Both sides does need to be booked though. This was pre arranged though, if somebody came along at random and tried to buy 120m shares in the auction it would just remain unfilled

Think about it. The pre arranged was a given, if the market makers thought they could sell shares after hours for real at 27p or Monday at 27p then why sell them at 16.28 for 21-22p?
They arnt stupid and not a charity.

Relax a bit. It wasn’t a normal UT but it was still a UT. It was pre arranged. The after hours trades are part of the market makers Declaring transfers in the book to cover the UT. All transfers have to be booked!

at risk of opening a can of worms...it's not.. It was an uncrossing trade. It doesn't mean the share price will suddenly be 27p on monday ...
If it's the culmination of the shares that were needed then a lot of newbie buying will be needed...
The uncrossing will be shares that have been gathered over x days to fill pre arranged orders plus an x margin. It shows the past not the future of the share price.
I watched the auctions, if we have a lot of unfilled bids then it can be good but the figure was high because all the bids were filled.

Maybe another example.
A high end auction sells a 1967 Ferrari you have two bidders who desperately want it. so they push the price up to 2m, then the auctioneer comes along and says "oh look we found another one, let's auction that..." Now you might attract somebody else who wants it or you might just have the remaining bidder. ..if it's just the remaining bidder then it won't fetch anything close to 2m.
Monday will be interesting over there but there is a lot off false info going about....

CD, Nick confirmed they are on the 2nd hole so they have at least 500m at La Hueca. My calculation would be 700-800m now. Essays took 3 weeks sometimes from alpala, so good 1 should be available end of the month. Hope 2 should be finished end of the month, just starting on hole 3

It's not worth arguing over the but I can't think of a recent RNS that you've been positive about, which is strange for a holder and a company that has just started its biggest multi site drill campaign in its history and just secured the largest single investment in the company for a tiny 1%.

Hopefully you might be a bit more positive addict now you've brought shares..

It's CGP not cgb, solg has risen 150% from its March lows already, CGP has risen 300% not 400%..so for us to match it it's 50p.
I am all for being positive but as I would call out zzzz for misusing figures to talk the share down, for fairness it should be done the other way...
I think many of us would hope it's more than 50p if a takeover offer comes..

It's quite sad to see the news that CGP is trying to get out -yesterday they released a sample, VTM exploration that would happen next year- they've peaked a bit early imo, as they don't have much between now and the PFS release.
Compare and contrast with SOLG, who have set up a steady flow of news over the next 2-3 weeks, including the La Hueca Hole 1 results, Hole 2 visuals, Porvenir hole 1 visuals and possible news on streaming finance decisions, along with the removal of the BHP standstill.
Rio looks like it's close to be drill ready and shurug maybe Nov/dec time.

For me the lack of value ascribed to the regionals is a perfect place for Share price improvement, as broker targets increase. Drill results are the only thing that will do this.
The PFS will also likely be at least 50% bigger re NPV leading to higher broker target.
Broker targets don't mean much to small caps, but for SOLG which is hoping to get to pensions funds, investment funds etc they are important.

The money given by FN has to be spent on the cascabel concession and on the completion of the DFS...nothing else it's a legal stipulation. Hence the need to raise for regionals.

"Key for solg and is sounds boring is the annual results and the timing of the agm...will it be before or after BHP are released.....
Very interesting indeed."

My thoughts from tuesday.
The timing of today is important as it indicates that the AGM will be within the BHP lock in period, where they have to agree with SOLG. Having the AGM within the lockin indicates that they probably arn't in friendly discussion with BHP atm.....

Sorry if it's already been mentioned, I rarely read all the board because of the 70-80% off topic posts.
Something that wasn't in the last hueca start of drilling the is in the porvenir one...
"We look forward to updating the market with visual mineralisation estimates and core photos as drilling progresses at Porvenir."
Is would seem that confidence is insanely high if they are promising this....
My guess would be that the first 10-15m gave them this confidence and next week we will get the first juice details of the visuals and xrf hints...The middle of next week will take them to 200m or so and they will have a good idea of how great porvenir will be.

A bit of order book info. Shore Capital, who had changed to a 2p spread a few weeks ago, have now gone back to a 5p spread. I.e whatever business they had has now stopped, but Cantor have reduced their spread to 2p.
It looks like Shore might have been controlling the ask at 27p for an offload (the 2m, 1m have gone)
The question would be what is Cantors involved to gather or to sell?
Judging from the larger trades yesterday and lack of stuff on the bid this morning I would say buy.
the 8am auction has 30k on the bid at 30p.....it might be a very nice day :)

A step change yesterday in the orderbook, some chunky buys and lack of selling, hopefully a good day today.

Not bad. Especially given the room and gloom spread by a few yesterday evening.
The order book was very heavy on the bid and any larger asks melted away.
A run to 30p and beyond looks decidedly likely imo.

With due respect CD unless you've got evidence I think that's bull.
Volume is far too small and the trades show that no person is picking even a significant amount up.
CGP meeting heavily promoted and it's likely to be small greedy investors.

Re regionals he did say that La Huaca is on hole 2, which was nice to know. assays could be obtained within 4 weeks, for cascabel, so it might not be too long.
I think annual results as early as tomorrow, possible friday.
Then some regional results prior the closing of the CGP BID and prior the AGM, which should just be within the BHP lock in...just.

That's because the resource figures needed to be in the PEA, time was needed for that, the mre3 figures for the PFS have already been released they arnt changing .

I am glad that Eliza has confirmed what we said yesterday. The PFS isn't delayed and will imo be released before the end of sept.

It wasn't to you addict, it was a general comment .. If you notice, if I write a comment to you i put your name, it's the only way to do it on lse...

With the news today, solg have the largest multi target drill campaign in the history of the company. If your not excited by that then investing in a company doing exploration is probably not for you!!