Member Info for Quady

Oh well, I guess that means the finance has been sorted, and why we have two new finance guys.

We do appear to be moving a little faster.

I don't like the announcement that the government of Ecuador is going to accelerate the withdrawing of concessions that are not used.

How do we stand with that.

Announced at PDAC.

On this we agree addicknt.

However it could be other majors are of the same opinion.

Hence more weight to the weight have to take this to production to extract greatest shareholder value.

I got from the video, that they want to eek out as much as they can from their current portfolio.

They don't want to buy discoveries, they want producing mines at a reasonable price.

To buy a discovery, they want high grades.

We are not high grades, we are massive in material, but not high grade.

We are required to take this to production, so then we can then increase mine life, with increased profits.

Good morning Darren.

Don't worry.

This share price is not being manipulated.

It's people with conspiracy theories.

Sometimes people sell out a position over time, this is how they get out without crashing the price.

.

Covgaz it doesn't matter, it's a long term solution.

We currently have power, just we require a lot more.

Bandit, your missing my point, I know Solgold won't spend a penny.

But this is going ahead on the understanding that Solgold will purchase power at a special rate, so in order to build, they must be confident that we can take a large slice of the 200MW.

Otherwise they wouldn't build it.

Good grief, not only does Redknight not know what an automatic trade is, he also doesn't understand what an uncrossing trade is.

Sharketmare your missing the point.

The agreement is between Solgold and Semaiac.

Hence they are committing to spend a lot of money.

They would only do this if Solgold can build this.

They would never commit to this on the rumour of a sale.

Your missing the point SharketMare.

If this was going to be built by anyone else.

Then that would have to be announced first.

The agreement is between Semaica and Solgold.

Hence it's Solgold going forward.

Semaiac would never announce this on what maybe.

It has been given solid assurance's.

Addicknt DC's statement is not relevant.

He is embroiled in a court case.

You are snatching at straw's here.

You however have not answered the question.

Semaiac would not spend this upfront without understanding who is going to build this

They would not take the chance that someone else would own it and gamble on timelines and costs

That's ridiculous.

They are doing this because undertakings have been given by Solgold, so that Semaiac can do this and make money.

Addicknt you make my point, when you say ownership by a major mining company with deep pockets.

But that's not the situation.

We are not owned by a major mining company with deep pockets.

My earlier point was about confidence.

Semaiac would not undertake this project on the promise of a sale as this could fall through.

This is the strongest statement so far that we are going to production.

Nicely summed up Eloro.

May I add one thought for your consideration.

The reason we have not had a bid or won't get one is the diverse book.

Anyone who wanted to bid, would have to do so on an agreed basis.

That means they would have to agree a price with the main holders.

Sounds expensive to me.

Next a hostile bid.

Yes that's doomed as again only needs one or two main holders to say we want more or more likely we are not selling our share because we want our stakes in Cascabel.

So the question is what are we left with?

Addicknt that's ungenerous it's not spin.

Ask yourself a question.

What would give Semaiac the necessary confidence to construct.

It wouldn't be a sale of Cascabel, that could fail.

It has to be that Solgold has a plan to Advance Cascabel to becoming revenue earning.

Nothing else would do.

I listened to what he said addicknt.

The fact we are not producers, means that we require that expertise.

Either through a project manager with civil engineering contracts and support or through buying the expertise in maybe joint venture with someone with the knowledge.

Jezzoo Quady always makes sense.

Ask yourself why the we are going to be sold mob, have said anything of substance over the last decade.

Semaica know, I repeat know that we are going to production.

Good morning rcgl2.

That's my point, they don't have a reasonable amount of confidence.

Nobody would undertake such a project with just a reasonable amount of confidence.

This is nailed on.

Semaica know what's happening.

They must to announce this.

Semaica are a major civil engineering company associated with mostly the mining industry.

Ask yourselves one question.

Would Semaica undertake such a project without being sure that Solgold can construct this mine?

Of course not, so the question is what do Semaica know?

Well we know one thing, that is it's not going to be sold.

The reason we know this is because nobody would sanction such a project without understanding the costs and revenues.

So I am guessing that the strategic review is close.

I am going to stick my neck out here.

I believe that we may even have a JV partner and funding is about to be agreed.

Otherwise why would such an announcement be made today.

I see that people on here, well some of them think I am a know it all.

Maybe the fact that I am reasonably well read and educated and have achieved things in my life, you see as something that deserves derision.

Kat the one thing you don't know is history.

You know nothing about Russian or Slavic history and that last comment shows you know nothing about what led up to 1933.

Maybe that's why you post such rubbish.

Hitler was not chosen for no reason.

I know you added sarc at the end, but if you had a clue, you wouldn't have made such a comment in the first place.