Member Info for Quady

Correct colonelDrake Lasso just wants it built.
We have taxes to pay if we sell and we are having a strategic review to work out the best way to advance Cascabel.
So we are going to build it as 20% tax take and possibly more is a lot.

Good grief this is depressing to read.
We will get over one pound a share, this is why we get no bids yet.
We will not be based on NAV as Colonel Drake says.
It will be on a percentage of NPV, when we are further along the production route.

Hi Jezzoo like most on here unsure what is happening.
I believe we need to wait for the strategic review.
I do still believe on the balance of evidence we are taking this to production on the evidence before us.
But I am perplexed by current events.
I am curious as to why we haven't had a clear RNS.
It's possible that we are waiting for the placing of a financial agreement.

Okay AsharT reported for being Slug.
Goodbye Slug, nobody here wants your hate apart from DBW and a few deluded individuals.

Sorry been away for a few days having fun with friends, at a star party.
I see sluggy is back. Don't worry he's going soon. Even though his best friend DBW is supporting him.

Thank you for your observations everyone.
I believe however once we raise the money the hurdles are not too difficult to overcome.
Let's see what the strategic review says.

Telsa if we take this to production we do what the big guys do.
We bring in a person to manage it. we bring in a structural engineering company to build it.
This is because best processes and practices are constantly updated.
All we have to do is raise the money.
This is how the big companies do it. They do not have people on their payrolls who build mines.

Morning Addicknt yes you are correct although some have drill holes and rock chip sampling .
Really they are looking for partners to bring about further exploration and possible PEA's .

Mog999 we have to remember that 20 tenements equating to 10 properties are up for sale or JV, so if Gina Rinehart wants an interest in any of the other tenements, she doesn't need to buy NCM's share of Solgold, she can just deal with Solgold direct.

Amazing the mining minister has said Solgold is going to production and people on here ignoring facts and evidence again and talking rubbish.
As usual Redknight ( chief rubbish talker ) is saying a bid is going to happen soon.
Why on earth can't this chatroom be talking about Solgold and how we are going to achieve funding and production instead of a fantasy bid.
Let's see if our so called experts on here really know what they are talking about and put forward scenarios for finance with minimal dilution as that is what Solgold have promised us many times.

As I said DBW two peas in a pod.

I see the Childish bully boy is back.
Goodbye Slug.

Seanhunter if you have been here you know what I have been doing for 40 years I am an ex broker and more importantly a part qualified actuary (the mathematicians of the financial world ) Lastly I spent most of my life as a technical analyst , which I come out of retirement now and again to take on the occasional project.

Just a thought.
Those of you in regular communication with Solgold could ask when Solgold would be issuing an update on this latest piece of news.

Same here Padmaster.
Unfortunately it seems our opportunity to see this extraordinary sight is receding.
All the best.

Seanhunter I have been doing this for over forty years.
As a takeover target, we just became a much tougher proposition.
The whole point of Solgold is we discovered this world class deposit at Cascabel.
So with that one fact, you only need to ask yourself one question.
How big does a world class deposit have to be, so that the company that discovered it can develop it.

I also wish you a swift recovery Redknight.
Take care.

Understand addicknt.
However the government may act as guarantor, if Solgold have presented a credible path to production, negating the requirements for the DFS and BFS.
I suspect we are going to get news of this sooner rather than later.

One final point.
It doesn't mention Alpala, it talks about Cascabel, so we could be talking about a piggyback operation to bring Alpala to a full block cave production facility.

Maybe the Government is standing behind us on this.
After all if any company has the backing of the country, then funding becomes cheaper and easier.
Maybe this is part of the strategic review.

Addicknt do you think the mining minister of Ecuador would have made such a statement without fully understanding the situation and talking to Solgold how construction of a mine was going to be achieved to bring about production.
It's inconceivable.