Member Info for Quady

Sorry mistermeister re-read your post, you are quite right.
All the best.

Mistermeister there was no funding package. We talked about one but Solgold announced it didn't go ahead with it and that a funding package would soon be announced.
Today is that announcement.

I do believe we continue to DFS, as you say it is creating value.
But more importantly it is Solgolds announced intention.
It is plan A.
Remember plan A is the preferred plan otherwise it wouldn't be called plan A.
The reference that Plan A begets plan B is only there should a bid come in that is worth looking at.

We can't do that Ortherncopper it's ring fenced for Alpala.

Agreed Bozi, but this deal is on the adjusted terms and I imagine the Franco Nevada deal and this one will both be adjusted on the PFS update.

Addicknt as I have said all along you may be correct.
But as I have always said we shouldn't concentrate on what hasn't been said, we should concentrate on what has been said.
Indeed in the not so distant past we said we are raising money to go to DFS.
After all the 50 million is ring fenced for Alpala.
Surely it's for the DFS, what else are we we going to spend it on .

I think maybe it's time to start speculation on the strategic review and what that means.
I will start.

I believe the strategic review is not just about Alpala, but all of Solgolds concessions.
It will be about how we go forward.
Surely there cannot be any doubt now that production is now a path to extract max volume. As we are about to clear the last hurdle.
Once the DFS is completed we can raise the finance.
This doesn't mean dilution as DC said recently, once we get to DFS various funding options open up for us.

Good morning Bozi, the offtake agreement is actually better than the Franco Nevada deal but only marginally.
If you remember we got 100 million for one percent.
However when the reduced PFS was announced this was increased in Franco Nevada's favour to 1.27% by memory.
So that makes 50 million 0.635%.
We have just got 50 million for 0.6%.

Thank you Hubrishunter, this is something ColonelDrake will never understand. He sees conspiracy theories everywhere.

Addicknt anon is correct, some were saying we couldn't raise cash because of the so called failed fund raise.
The biggest detractor was seanhunter. But there were others.

It will be interesting to see what happens when we open at 8am.
I believe we will get a lift, but fall back during the day as the trader's will take their profit.
Of course if volume increases and people start to hold positions again, then our reduced free float may mean we start to climb again.
Let's have the Porvenir PEA, as that's the big unknown.

On that addicknt we agree.

Good morning addicknt, the way I read it is that the 50 million is ring fenced for Alpala.
So we still need the 30 million for drilling the regionals.

Really nice find Porvenireal.
What is really good about this is the four year buyback.
So if we have open cut by 2027 and we are generating income, then this 0.6% offtake never happens.

So what happens now.
We get to DFS and we obtain funding to construct Alpala.
I believe this will be done with minimal dilution as we are looking at loans backed by Alpala value, as this by DFS will be saleable.
So we can go this alone.
Remember all the people on here shouting how finance would be hard to achieve and we are in for massive dilution.
It's not going to happen.
Nice start to the day.
Remember we also have the 30 million loan on top of this for other drilling.

I do agree Hubris hunter, however I also believe that the way the book is divided up amongst our major shareholders makes it difficult to bid as so many interested parties need to say yes.
An agreed bid is a possibility; however, a hostile bid becomes expensive.
This is part of my reasoning that I believe we are continuing to production unless one party acquires a holding above 30%.

Good afternoon, Novice unfortunately the same applies to other companies.
However, I do agree that we should see a rise in the next few weeks for all the events which we all know are coming.

Addicknt I also read that article and it makes complete sense if you read it for what it is. and in conjunction with previous BHP statements.
He is being consistent as he realizes that he doesn't need to pay top dollar as explorers have to sell at some point as that's their business.
What he is saying (reading between the lines) is at different points in the mining cycle explorers require finance.
It is what I have always said about the diverse book.
It stops a low bid because every entity knows their shares worth.
BHP are after copper explorers that need money, so they can pick them up cheap.
Or they are after a share of a copper mine at various points of the exploration story.
We are in the second category unless we cannot obtain funding.

This is why in order to obtain value we must construct Alpala.

Correct addicknt we have no demand as volume is woefully low.

For the third time Jezzoo you prove yourself to be the main stirrer on here .
But then that's what Slug supporters do isn't it.

Good grief we still have people on here who don't understand what an automatic trade is.
Did you know that over 50% of all trades on the FTSE 100 and FTSE 250 are automatic trades.
This has nothing to do with any conspiracy theory.

Your homework today is go and look up what an A trade is and try to read about it in some depth, so we can stop having these very silly posts.