Member Info for TheItalian

@FR101, what is your P&L on GGP, if you don't mind my asking?
You talk big game but behind the self-promoting name you just seem to have the same tactics of the paid derampers, I am sure you mean better than how you come across.

While I like GGP, I like it as a trading stock given its volatility and relative predictability.
But in a fundamental sense, GGP is nowhere near comparable to SOLG.
Whereas SOLG can afford to take its chances and push as far down towards develoopment, GGP will be a pure exploration play and in the best scenario Gervaise will sell as soon as a decent buyer comes by, way before markcap reaches the current SOLG levels..

Monte, of course you were joking, the villa has to be in Positano!

They were comfortable coming out with double the previous resource statement, which had already been marketed. No point in making this update look better, when there is more to come and they can start promoting the next big number. Makes perfect commercial sense to me.

@schlemiel, have you got the full text by any chance? much obliged.

"before we even issued the first MRE"....

Absolutely agree.
On the basis that we touched almost 47p with a lower share count way before we even the first MRE, based on how big Alpala could be in actual terms, a second monster "promised-to-be" resource could propel the share price 30-40p higher on its own.

Charts don't lie, it's us being often incapable of reading them properly.
Back on the 23rd Oct, with the price at 40p, I commented about keeping an eye on the 30-36p range as a final step before the price shots up. Now it's really a matter of seeing this last wave completing and then hoping that it indeed shots up.
GLA

I find more abrasive that we have lost over 11% in two days, but that might be me Shippy.

...aaaand, the fact that the conditional financing agreement being negotiated will be based on NPV, is exactly for that reason.

If the NPV is currently estimated at around $4 Bln (£3 Bln ish), some of that money will be eaten away by financing parties and some by new equity issuance, so we are probably looking at $2-3 Bln as a better proxy for share price calculation at this point in time, which puts SOLG fair share value once the PEA is out and if the numbers are as suggested, in the range £1.10-1.60.
Now that is a valuation that we will not reach until there is a corporate event or (much later) SOLG has indeed become a producer and has delivered the annual 40 mln tonnes that have been mentioned.

So in short, great story, still massively exciting, but some way to go for those who are determined to achieve the very highest return.

GLA and DYOR

SOLG are between a rock and a hard place at the moment.
If the plan is to hold on the resource until it can be valued and potentially sold at the levels that NM has in mind, he needs not only to come up not only with a certain amount of resource and especially the high grade part of it, but he also needs the PEA at a sufficient level that allows him to negotiate the conditional funding.
At some point hopefully in 2019, SOLG should have the package deemed sufficiently viable for an offer; this is why I think that BHP has put some money down at 45p, they must have agreed with SOLG that they holding fire, but when they are allowed to put the offer through, SOLG will have a solid resource, and $2bln or so (my guess) in funding ready to be used, which makes the entire proposition easier to work with. At that stage, even if the offer doesn't come in, SOLG can move to some kind of pre-production so their options are still open.
AS someone said yesterday though, the majors will not want to allow another company to even try and become a major themselves, so there will have to be some corporate event.

It would interesting to see a similar process for SOLG, with multiple suitors lining up with offers and NM looking down on them until the right price is shown.

Not that I like this, but I think we are up to another week or so of pain, and then whatever low price we are at by then we should start to move north again. Just my view, don't shoot me!

TheItalian @ 94p.
The rationale of that number is that at that time I expect to have completed a W3 going up to about 120p and we might be in W4 or at the beginning of W5.
Of course, I prefer your £2.50!

I would be happy to be done with it, at this point if there is a takeover the price cannot possibly be too bad.

overall, with the Dow and Nasdaq under pressure, the FTSE under pressure, and a lot of red all over, I would say we are holding pretty well.
Whether or not the incoming MRE update will create a new price floor in the short term, the derisking of SOLG is happening fast, and let's not forget that this is a company that still does not produce any resource and is already worth £700mln at today's price.
If patience was ever needed, that is now, we are looking good and the next couple of quarters should be very exciting. Very shrewd to titillate investors with MRE3 content (holes 68 and 69) even before we see MRE2, a great salesman always sells the next version of something to keep the excitement high.

inconsequential I suppose

Where today people were sunbathing! We are approaching crunch time wirh SOLG and I suppose we are all somewhat tense after years of riding the share up and down, and are expecting great things. Have a great weekend and let's keep the good BB going. Soon we will be uncorking the good bottles! Forza Napoli!

Stock optons are just a very common fact of corporate life, along many other forms of conditional bonuses (bonus vesting over multiple periods, restricted stock units, partnership units, etc.). They are just a way to pay employees and management in a way that does not drain the cash each year, helps retain the goid staff, and keep everyone focussed on reaching the intended corpirate goals. Honestly, anything else is pointless just spoken out of lack of exposure to these tools. The pricing is often tentative when a company is young and the price highly volatile, the 60p are an achievable price but not as easy as some make it here or we would not be at 38p.