Member Info for Quady

Good morning Rodney.

If a bid is prepared for a company that has an untapped resource, it's valued on a percentage of NPV.

It has nothing to do with NAV.

I have been doing this for over 40 years mostly in gas and oil exploration.

You have reposted that we are an AIM company.

We are not, we have a full UK listing with all associated protections.

Stas20 we are not an AIM share, we have had a full UK listing for years now.

Agreed addicknt.

I thought I was missing something, but I should have known that anything BBG posts is ridiculous.

Thank you addicknt and Pbow.

Thank you Pbow, I agree, doesn't make any difference in a takeover situation.

We lose some costs and reporting, maybe some shareholder disclosure.

But nothing of importance in the scheme of things.

Not only did it cost us money to retain the TSX listing.

It also cost money for the extra reporting.

For the volume we got on TSX, we had to delist to save money.

People on here talking about reduced scrutiny for delisting on TSX.

Particularly in the event of a takeover.

Could they show in some detail what the reduced scrutiny is please.

Thank you Damers, I will have a read.

0.97% sounds much better.

Good evening Damers.

Is that the average for Cascabel.

Good afternoon Rodney.

Nothing you have said is disrespectful.

However when talking about NAV, there is a defined definition.

However we will agree to disagree.

I do understand why the share price is this low though.

It's historic.

When we did the first MRE the copper equivalent was 0.3%

I thought excellent, we have a tier one discovery.

Then on MRE2 they lowered the copper equivalent to 0.2% to increase the tonnage.

That's a 33% drop, and I felt they did it to make it more marketable, while defending against a takeover simultaneously.

Then came MRE3 and they lowered it to 0.16%.

They made the argument that using block caving on the high grade core was the way forward.

We all know what happened next.

The people in the data room lost interest.

They were looking at the return on capital and deciding this was not the same proposition that it first was.

We now are looking at Tandy to get high grade near the surface for open cut, but we have no idea what the cut off point is

However I still believe this is viable if we raise the capital and mine it.

I am not so sure someone is going to pay a fortune and then the cost of mining on top.

It's a huge resource, but it's not all in one place and remember that the cut off point of 0.16% copper equivalent is a lot different to the 0.3% we started at.

This is the definition of NAV from Investopedia.

Definition

Net asset value (NAV) is the difference between a company’s assets and its liabilities calculated at the end of each business day.

Stas and Rodney, I have been doing this for 40 plus years.

I know the difference between NAV and NPV.

Good morning Rodney.

The NAV is all the companies assets minus it's liabilities.

It has nothing to do with the NPV.

Which refers to the potential value.

But our resource is in the ground we are not currently mining it, so this valuation cannot be used to relate to the share price.

Everyone the NAV is under 7 pence a share.

That's just factual.

It doesn't matter if you are finding the NPV and trying to relate the.

That's crazy, as they are totally different.

Smickster I never had you down for being mad.

I only have one login.

That's all anyone needs.

Unless you are trying to get your own aliases to support your tick ups.

The fact that I don't get many tick ups should tell you I hold the minority view here.

Redknight you are a fraud.

So you have roughly 30% of your portfolio in Solgold.

No one in their right mind would invest that much.

At the time I invested I put 5% of my portfolio in Solgold.

Which was covered by dividends.

Even then I was nervous as I averaged out at 4.6 pence per share for 1.8 million shares.

Within month's their were under 1.5 pence.

The rest is history.

Rodney the NAV figure is just over 5 pence.

I think you are confusing NAV with NPV.

Redknight.

It was a discussion on NAV v NPV.

To disagree with me, shows everyone here you don't know what you are talking about.

I pointed out you were a fraud years ago.

You just show yourself up every time.

Good evening addicknt.

Just noticed it says Pbow.

It's meant to say partly.

Probably autocorrect.

Good afternoon Pbow addicknt.

Partly yes.

Afternoon Stack.

The nav is just over 5 pence.

The 10 pence figure was in response to Addicknts post of what 100% of NAV would be.