Member Info for Quady

Not true Montecristo the people that I constantly say are wrong are those that have said imminent sale for the past 9 years.
They have been constantly wrong.
I have never said production was a certainty.
Those that have been constantly wrong try to spread that falsehood.
For the first time since we are about to gain 100% of Alpala I can now see an alternative root, but still at this moment in time production is still the most likely outcome for all the reasons I have previously listed.

HAHAHA you are Slug you cannot help but identify yourself.
I am not telling you how I know otherwise you might be able to disguise yourself.
Copperpot has persuaded me not to report you unless you become abusive.

So, Slug you reckon that the royalty is not ring fenced for Cascabel?

Slug you have a 100% record of being wrong.
Hubrishhunter and I both corrected you on nearly everything you have said.
Only a few of your acolytes tick you up.

Nearly there Slug a royalty is a percentage for a named area of the business in this case Cascabel.
It is not a royalty for everything Solgold produces from other tenements.
So, it cannot be used on proving up other tenements, hence it is ring fenced.
Lesson for today complete.

Sorry Eloro ColonelDrake has said this company will be brought out imminently so many times I have lost count.

Afternoon rcgl2.
I was correct by mistermeister on this.
Franco Nevada is an offtake agreement and our latest deal for 0.6% is a royalty deal.
So, information in RNS is different.
As you say it looks like an offtake agreement is more complicated.

It's a royalty deal Slug, please read up on royalty deals.

Agreed LunchMoney although 50 million I feel is more than enough to get us to DFS because when the updated PFS is finished it will be in a format that is transportable into the DFS and so save millions.
This is part of the constant improvement to the exploration program that Solgold have continuously told us about.
The question I still have is do we take the 30 million loan, from the CGP deal.
If we did then that money would not be ring fenced and could be used for anything I imagine.

Sorry LunchMoney it is for Cascabel not Alpala but it is a royalty deal and as such is ring fenced.
It doesn't need to say it in the RNS.
Thank you for the correction.

That's OK addicknt on that part I believe I am clearer as it makes sense to proceed with the DFS as these attributes mean a higher percentage value should any part or the whole be sold and is also necessary if we proceed to production.
Thank you for answering the parts I wasn't clear on.

All the best.

Thank you for the reply addicknt.

Eloro you convict yourself as being ignorant and arrogant by your own words.
Royalty and offtake agreements are always ring fenced for obvious reasons. The 0.6% and Franco Nevada's 1.27% can only be used for Alpala because they want a return for Alpala.
They are not allowed to use it for anything else and then say we don't have enough money for what you paid for.
They expect a return on their capital.

You could try understanding what these agreements are before sounding off and making a buffoon of yourself.

Good morning addicknt, thank you for your description on the strategic review.
May I ask in your experience are strategic reviews done for the best short term outcome or the best long term outcome.
I ask this because the 0.6% royalty is ring fenced to take us to DFS and cannot be spent on anything else.
So is it possible that the strategic review will also look at funding options that open up to us at DFS.
Do you think they would look at that aspect as well.

I agree addicknt, but it makes sense.
BHP or NCM are never going to bid for Solgold.
That was never their plan.
The plan was to acquire a bigger percentage as fund raising went on.
This is why Solgold have played a blinder and kept the book diverse, so no one entity has enough to make a bid that is hostile. As the other parties would have to sell up cheap.
Each time a offtake or royalty is enacted, Solgold get funds and the value is reduced for bidders.
I can now see something like a ten percent offtake for a billion and loans to support most of the remaining money with minimal dilution. Just as Solgold have always said.
We await the strategic review.
Lastly how about Solgold can reduce the ten percent offtake by half over the first five years with a buyback.

What are you on about J.Maria I am listening to Solgold not Maxit .

J.Maria nothing to do will being right, it's about listening to the company.

LunchMoney we don't have long to wait for Solgold to clarify their position.
We will all know soon.

Correct we are looking for someone to develop it.

Good afternoon addicknt this is going to production in stages.
Next stage is DFS we have sorted the funding for that.
I am unsure wherever we require the BFS before funding.
It must be clear now we can raise 3bn on offtake and loans and minimal dilution.
Many people said we would never get this far.
Once we get to DFS we have been told on two occasions I can remember that funding options open up to us.
As you know I have never said production was certain that it was the most likely outcome.
After the last couple of days, it looks more likely.