Member Info for Quady

Addicknt that's crazy, what stops BHP making an offer now.
You have completely reversed your position into almost completely agreeing with me.
It is I that have been correct as we never received a bid from BHP over the years because of the diverse book and the fact we could defend.
Yet you say we were in a weak position because we were going to production.
That makes absolutely no sense, because we never even got a sniff of a bid.
Here's a news alert.
We are still going to production with a JV as this as I repeat looks to be the most likely outcome.
Still you are saying we will get a bid with zero evidence.
For which you have not been wrong once, but every single time.

Sorry addicknt you have a habit of spinning things to pretend you didn't say something.
You just contradicted yourself again.
You said BHP was in a strong position if we adopted the production route.
So because you are voting you believe BHP are in a strong position and we are heading to production.
Otherwise your latest post make's no sense.

Lastly it was I that said we could defend against any low ball bid
It is me that has been correct and you have been proven wrong yet again.

Addicknt yet again you have reversed your position for years you said BHP would just buy us and we could do nothing about it.
Now your saying vote to keep the present set-up to stop BHP acquiring us.
Makes no sense.
Besides we won't be issuing any more shares to BHP or NCM.
So don't understand how they are going to acquire a larger percentage without buying in the open market.

Lastly although we will have 86 million.
50 million of that is ring fenced to advance Alpala.

Interesting it gives more detail on the strategic review.
Which is to bring Alpala to production with hydroelectric to cut costs. Increase mine output etc.
I thought that the updated PFS would have given us that.
I don't see the difference.

Hi Covgaz
Just watching the match with friends.
I know next to nothing about football.
But enjoying it all the same.

2 - 0 to England.

What absolute rubbish posted by Redknight at 08.03 today.
He doesn't even understand that you don't use 100% of NPV to calculate any bid.

Dont disagree anon1977 I also sometimes hope I am wrong. But up till now I have been right.
I have also been worn down and probably would accept one pound a share for a tier one discovery.
Sounds terrible.
We all await the strategic review to see our current situation.

All the best.

Good evening Anon1977 ten million is what we have to achieve every trading day.
It's less than 0.5% of shares issued.

OK Redknight has lost the plot big time.
Just look at what he posted for me to read at 12.32 today.

He has posted a link in 2020 to prove he knows what he is talking about.

He has then posted 4 links saying result of the first link.

One of them is in the year 2021.
Two of them is in the year 2020.
And the last one is in the year 2016.

So, to prove his point he posts a link in 2020, and points to the result in 2016.
Apparently, he is a time traveler as well.

Got anything a bit more recent.

Ok how to attribute value to mining discoveries at various stages.

First when we were at PEA, we were about 10% of NPV.
Today at PFS at the lower end we are 30% of NPV and at the higher end 40% of NPV.

So NPV from memory (Please adjust if I am wrong) is 4.3 billion dollars.
So, convert dollars to pounds at 1.21 dollars to the pound is 3,559,838,399.89

Shall we call it 3.5 billion pounds.

Let's do the 30% calculation first:

30% of 3.5 billion pounds is 1.05 billion pounds.
We currently have 2.296 billion shares in issue.
So, 1.05 divided by 2.296 = 45.73 pence a share shall we say 46 pence.

Now the calculation at 40%.

40% of 3.5 billion pounds is 1.4 billion pounds.

So, 1.4 divided by 2.296 = 60.97 pence a share shall we say 61 pence a share.

Let's remember this is for Alpala only and doesn't take into account Porvenir or any other tenement.

So, what happens if we carry on to DFS well the calculation is 50% of NPV.
Do the calculations yourself.

Now these are rough estimates based on various stages of exploration.
It does not include the IRR and I feel that Alpala's last PFS would Favour the reduced build and faster open cut to production.

So, I have given minimum bids, however I don't believe any major holder would sell out to any other major holder at these levels and could gain an advantage in a JV with us on Alpala.

This is what makes the most sense to me, given the current circumstances.

Sorry addicknt I do know what full value is I will post my calculations.

Bubble but NCM have stated that they are not selling their stake and are looking to add if the opportunity were too present itself.
Why do you think that BHP and NCM were eventually excluded from the latest fundraise.
They both wanted a bigger percentage and instead got diluted.

addicknt that has what I have been saying for years.
We have a diverse book and NCM is part of it.
They know how to attribute value to their holding.
They will not sell their holding cheap.
That is my whole argument about the diverse book and applies to other main holders.

So, to answer your question directly.
If you get 75% of the holders accept a bid, then NM's various holdings. BHP, BlackRock and others have accepted the bid.
That means it's not a low-ball offer NCM would probably accept.

Where your argument falls down is the other main parties will not sell out to a low-ball offer and so we won't get 75% acceptance.

No one has said we expect a full value offer, so why would any of our major investors sell out cheap.

This is partly why I see the JV path to production as being the most likely outcome at this moment in time.

Redknight your making it up again.

Show me anywhere that says NCM have decided to hold as a strategic investment.
NCM have said on more than one occasion that they are not selling their holding and will look for opportunities to increase.

Good morning Shipright, it's only the same old poster's arguing with me.
You know the ones who are constantly wrong by saying a sale is imminent, month after month, year after year. Some for the past nine years.

Things addicknt has definitely said.

After end of BHP standstill agreement. We will definitely be sold by Christmas.
After PFS we will definitely be sold by the end of the month.
After recent CGP announcement, we will definitely be sold by the year end.
Now we will not be sold till early next year.

Lots of definite content.

I however have always maintained most likely outcome,

Addicknt has to maintain this misinformation otherwise he is wrong on every occasion.

DBW every time you come on here to talk about what I think.
You either get it wrong on purpose or misrepresent me.
People on here are allowed to change opinion as the facts and evidence changes.
I have always done that.
So, when you say I have not been constantly right then you are misrepresenting the facts.
I have been right up till now because every time someone like you says this will be sold, I have explained why it would not at that moment in time.
I have always said that given the facts and evidence that production is the most likely outcome.
Addicknt has tried to say I have said production was a certainty.
I have never said that.
I still believe we can bring this to production as I believe it is the most likely outcome.
However, when it was announced that we would be acquiring 100% of ENSA. I modified my view that a JV to bring us to production was the most likely outcome.
I know you find this hard to understand and I understand that you need to misrepresent me, so that your views hold water.
But that's your problem not mine.

Bubble I am convinced you don't understand trading. You certainly don't understand A trades and I haven't seen anything from you that says you understand how price movements happen.
You just repeat uninformed posts.

Not2sure why would I look silly you have just expressed what I have been saying.
On the A trades no one has been stake building as volumes too low.
A meaningful stake build at this rate would mean we were in production before such a stake was built.
Besides I have explained A trades so many times.

If an offer is put forward that all parties of the diverse book accept an offer, then we have what I have always argued a full price offer. If a hostile bid is put in, then they will end up paying more.