Member Info for Quady

Addicknt where I think we disagree is even with a fund raise, the share price may not move much.
This is about the wider market, so as I said I am quite relaxed.
I don't think Solgold expected Putin to invade the Ukraine, and so we have a falling share price.
Not ideal I agree, but we are where we are.
Let's see what happens.

Good morning LunchMoney, I don't think we are too far apart on our thinking.
I believe the fund raise is in hand and we will continue.
Yes surprise's can happen, but I don't think they will on this occasion.
BHP and NCM are in a really difficult position.
If we announce the updated PFS for Alpala and the PEA for Porvenir and we raise the capital to take us to DFS.
Then do they maintain their percentage.
I believe they have to.
No bid situation presents itself as Nick Mather has not let any one party acquire a dominant position, hence the diverse book.
I am relaxed about the Solgold story, and believe the best is to come.
I think once construction starts the share price will firm up.

The creation of shareholder value I feel is a red herring.
Look around any indices.
We still have Covid rampant in some parts of the world, and Putin's illegal invasion of the Ukraine.
However the elephant in the room, is worldwide government debt taken on by Covid. Government's cannot print themselves out of this, or take control of their home bond markets, as money supply would just tear everything apart. Just look what's happening in Turkey, Greece and other parts of the world.
Even UK bond markets are not in a good place.
Hence massive amounts of money leaving equities.
So as I said don't get Hung up about shareholder value as that is not in Solgolds hands or Indeed anyone elses.

Good morning addicknt, we won't cover the so called failed fund raise, as we are never going to agree.
I understand what you say.
I don't believe we will do a streaming deal, as like the previous one it would be ring fenced for Alpala only and we require funding for exploration.
So unsure what the best route is
I suspect we will get either Alpala's upgraded PFS or Porvenir's PEA by end of November. Who knows maybe both.
I think they are hoping this would have the desired effect on the share price, but more importantly the NPV. As this would allow a fund raise above the share price. If another party wanted to join us.

Morning LunchMoney, yes the company did a streaming deal and they did announce the option not to take the extra 50 million at the time they took it.
How the company fund raises is what we are speculating about now.
So like everyone else I wait and see the next stages.
But I believe we will deliver the renewed PFS for Alpala.
The PEA for Porvenir and fundraise.
And get to DFS.
At that stage other funding options open up to us.
So basically what the company has said it will do.
We have no ambiguity.

Jezzoo if you invested for a takeover, then you didn't listen to the company.

Why Shipright, it's what the company said they would do.
Therefore, it's the reason we are all invested.

Good evening, Bubble
It could be simpler.
Solgold are just doing what they said they would do.
We get updated PFS for Alpala.
PEA for Porvenir.
A fund raise.
We proceed to DFS.

That's it. Plain and simple.

HMMMM Slug removed 3 times today.
Nice to know other people are reporting him as well.
Whoops looks like he has been removed for a fourth time while writing this.
Jolly good show I say.

I don't set any great store on this type of thing.
But even though the share price is on its knees.
The forecast still looks positive.

https://markets.ft.com/data/equities/tearsheet/forecasts?s=SOLG:LSE#:~:text=Share%20price%20forecast%20in%20USD,the%20last%20price%20of%2015.80.

Kat2008 I have no idea if you are ******ed, hateful, or just a fool. Or all three.
Tens of thousands of people have died, and are continuing to die.
The people of Eastern Ukraine do not consider themselves Russian and never will.
That's why they are fighting with every resource to rid themselves of the aggressors.
Putin has done this because he sees the CIS starting to break up. It has nothing to do with NATO.
Hence Finland has now applied to join, and he will do nothing.
The Ukraine gave up it's Nuclear weapons for a treaty with Russia that guaranteed it's borders and integrity.
Putin has destroyed Russia, as they will be made to pay financially to repair the Ukraine.
Even the Russian people want rid of Putin, at the beginning they believed him, as like you they were fooled.
Whereas you are still fooled, they are not.
The latest round of sanctions from the USA and Europe will start to bite on Monday, and the backing for the Ukraine is stronger than ever.
I doubt you are ashamed to be British, as it is the British people who are ashamed that people like you live in this country.
You obviously hate this country and all its privileges.
So for your own mental health, please feel free to move to a country more in value with your valued
However now the difficult part.
I don't believe such a country exists, as certainly Russia wouldn't want you, and I cannot think of any other country that would welcome you.

I think your posts are probably the most vile I have seen, and that's saying something.
We all know why you are here and it is nothing to do with Solgold.

Very simple Jezzoo, I have family in these areas and it's not just countries bordering the Ukraine.
You really talk some rubbish, I never said you were a Putin apologist unless you support Kat2008 .

Kat2008 What a disgusting post.
Noted as a Putin Apologist.
You obviously know nothing about the history, the area or the people.

Good grief Jezzoo, you win uninformed post of the decade maybe in all history.
What has the current share price got to do with Solgold taking this to production.
Do you actually believe production costs will be raised through equity.

So RNS has not quelled the drop in the share price.
Still one person going on about a failed fund raise, still he is insignificant.

The question now is what stops the fall .
I think we now require the PFS update for Alpala, and the PEA for Porvenir.
Unfortunately that is going to take time.
Undoubtedly fund raise is happening in the background. Guess it's wait and see.
If this gets below 5p then I will be sorely tempted to break my rule and buy another tranche.
However I did not see the RNS as bad and hope we will recover by the close of business.

Correct Shipright, the fund raise didn't proceed, so it never took place.
Maybe now people on here will accept it.

Yes just skim reading, cannot see any surprises so far.

Addicknt how about a scenario where we do a equity raise at say 25 pence a share and bring another party in .
This works for two reasons.
First any person or persons coming in would acquire a block without going to the open market and thus paying less.
Second it would force BHP and NCM to take part or get diluted.

People today talking about a smelter deal.
We cannot do a smelter deal for exploration, we can only do one for Alpala, as it would be ring fenced and could only be used to bring us to DFS and start construction.

Food for thought.
Our CFO going was not a surprise for Solgold.
They knew it was happening and had someone step into her shoes immediately.
So maybe she was second choice and the person they wanted become available. Would explain why the fund raise never took place as the new person stopped it.
As we can do better.
Just a thought I have been fermenting.
After all as addicknt said she was replaced almost immediately.