Member Info for Quady

I agree addicknt, but the statement stands from what NM said while representing DGR.
I think the most likely outcome is he sells when either we are a producer or on our way to production, and the share price is in a good place.

SharketMare in the interests of accuracy.
That's not quite what he said.
First of all it was a presentation given by DGR not Solgold, so it was from DGR'S perspective.
What was said that eventually DGR'S shares in Solgold would be sold.
Nothing to do with any bid.

Sorry Italian I have changed my mind twice on this.
Between 2013 and 2015 I believed we would be sold.
Between 2015 and 2022 I believed production was the most likely outcome. That's a big change in my opinion.
During 2022 I now believe that with the wrapping up of ENSA, that we will JV this.
The point is I do discuss and explain my thinking.
But we have a cohort on here that believe we are going to be sold and when you ask them why and what has changed that we obtain a bid and they become insulting because they have no idea.
Agreed I am guilty of giving as good as I get, but also I engage in intelligent discussion with those that want it without insult.

Good morning Italian, hope you are well.
Disagree the point of a stocks and shares forum is to discuss ideas and outcomes.

All the best.

Addicknt I believe you misunderstand the argument.
I accept that things change.
I have always said that.
I have always modified my thinking as things change, that's how I invest.
We are undergoing change at the moment with the acquisition of 100% of ENSA, and because of that I now believe we go to production as a JV.
However for a bid to be successful we need to see one of the parties consolidate their position.
They need a much larger holding then they currently hold.
This is the main reason we have not had a bid up till now.

We haven't even had a stalking horse.
The point is how does Solgold proceed from here.
Remember the position has never changed that we require max value.
The only way we get that is if we continue to production.
Once we are on the way, we will see if someone will make a serious bid.
But it won't be around 40-50 pence a share, that just won't cut it.
I doubt a pound a share will cut it once we are on our way.
But make no mistake, on our way we must be.
We cannot stand still hoping someone will buy us.
Because all that will happen is our share price just lingers and declines.
This is why we have to move forward to production.
We have no choice.

Sorry addicknt I am in disagreement.
NCM have publicly stated on more than one occasion that they would like to increase their holding in Solgold and that their holding was not for sale.
Forget what the media says.

But you make my point on the strength of the diverse book
Let's imagine for a moment I am wrong and you are correct.
Then NCM are not a distressed seller and so will want full value or a bit more for their stock.
This means no change.
Now let's imagine I am right and you are wrong.
Then Solgold are looking to JV this to take Alpala to production.
NCM might be interested in a JV with Solgold as a partner or as a partner along with others.

Thank you Bogota for clarifying.

Thank you Bogota just the one fund, that's where the 30 million have been sold from.
No need for any conspiracy theories.

Novice I have one ID and I don't use ADVFN.

What on earth are you on about Redknight click on my name and read my posts.
It was me that stated that.
Show me where I have said anything different.

Correct Redknight now go back and read what I said and understand the context.

Exactly DBW take the mickey out the fact I have mild dyslexia, about sums you up as a supporter of Slug.

DBW I don't know what to say to you apart from learn to read.
The funds and ETF's managed by BlackRock hold the shares.
Not Black Rock the company.

OK Redknight I will answer you next.
I have been investing since I was 19, I am now 61.
I never plan an outcome date.
Learnt that early on.
I derive my income from dividend holding shares.
Solgold is just a flutter.
I am up as I averaged at 4.6 pence for my holding.
I have another flutter on the go VRS, I am averaged at 19.2 pence so down on that, but adding to my position.
I am quite happy to take a ten or twenty year view at my age as I know that things change.
On the dividend side, I take an immediate view.
So horses for courses.
I have more than enough for my needs, which are not great and allow me the odd extravagance, like a new car or holiday etc.
But when I die it will be my daughters and various local charities that benefit, so probably different mindset to most on here.

Next you state BlackRock fund managers are selling shares in the funds.
Yes that is exactly what I have said, it's the changing percentages held in the funds or ETF's or indeed the fund is divesting itself of Solgold shares.
You are stating exactly what I have said.
Black Rock do not hold Solgold shares in their own right, that is my point.
Click on my name, and read my posts.

Addicknt that's my point you are making it for me.
The fund managers decide the mix of the fund.
Percentages are changed and sometimes shares are added or they are removed from the fund.
That is exactly what I am saying.
No one in Black Rock is selling shares in a fund or ETF to manipulate the price of Solgold.
That is just ridiculous.

That's my point Bozi, BlackRock are not selling shares.
The shares being sold belong to funds and ETF's.
So it's their clients shares in Solgold that are being sold.
I repeat BlackRock are not selling Solgold shares.
That statement is factual.

Bozi I didn't answer it for that reason.
Nobody knows it's a non question.
On BlackRock I have stated my position more than once and I have asked you are you stating that BlackRock holds Solgold shares that are not in an ETF or fund.
It is you that has not clarified your Position.
Lastly when I get something wrong I always say sorry and thank the person for correcting me as we are all after accurate information on this forum.

What absolute rubbish Bozi on the funding of Alpala nobody knows how it's going to be done and I mean no one not even you, so this cannot be discussed as fact.
On the BlackRock question I have answered you, but you have not clarified your answer.
If anyone has mislead anyone on here then you are the guilty party.

Complaint noted Jezzoo.
I dare say it's because you haven't posted any rubbish recently.
But doubt you could eclipse Andywest.
Just read his posting history.
But not too much of it, as it will give you permanent brain damage.

Bozi are you saying BlackRock in their own right and it's not through the selling of funds and ETF's .
Because if your not then you are 100% agreeing with me.
Let's have a clear statement from you, as I have given you a clear statement.

So the question is are you saying that BlockRock holds Solgold shares that are not in Funds or ETF's.

A yes or no will surfice.