Member Info for Quady

I think I remember that Not2sure, wasn't that the time when NCM first brought in.

Well said Padmaster and factual.
Whatever happened to EricEric.

SharketMare on point 2 I wasn't aware our CEO resigned.

SharketMare really .
We now know the so called fund raise was a discussion and Solgold decided not to proceed.
Look at major companies all over the world many with healthy balance sheets. Why have they fallen massively.
As for the resignations as addicknt said one was very quickly replaced. Make of that what you will.

Tesla, why has NM's hand been weakened he controls more shares than either BHP or NCM ?

DBW why would they all be gone?
They are doing what they said.
Try listening.

Good afternoon Seanhunter that was the whole point when NCM and later BHP invested.
NM made sure they could not take over the company cheaply.
It's worked but most on here don't understand why.
We have a diverse book which means everyone invested wants the best financial outcome. If one party held 50% of the book, then it's game over.
This share was always a long play.
I have no idea where the share price will bottom out, it may have already.
I do believe it will rise again once our next fund raise has been achieved and we carry on towards DFS.
To be fair this was always going to happen, but I admit to being surprised to how far we have fallen.
If you're looking for your payday, may I suggest end of 2025.
I would put your energies into building a dividend portfolio if that's your thing as some excellent bargains in the FTSE 100 and 250 at the moment.

ColonelDrake doesn't understand why block caving is being proposed for Alpala.
Block caving is not difficult, it's the rock fissures that makes it difficult. So block caving is not proposed for all mining projects.
However when it is because the environment and economics make sense. It is cheaper than open pit. Switching to open pit in the last years of a mines life if economically viable.
Lots of people on here pretending block cave is risky. It's not.

Just to add great time to build a dividend portfolio.
I have been buying DLG at 2 pounds.
1.85 pounds this morning.
That's a yield if over 12%

This is not a recommendation.
In fact don't buy them, as I will have some money next Wednesday to buy some more.

Good luck everyone.

I really don't get this about Darryl and the BOD.
Why not wait till the end of the year before commenting.
We have had all the communication required.
We know what is happening up till the end of the year.
We also know a fund raise is on the horizon.
So don't pretend that the BOD hasn't done their job because they have.
The share price is unimportant because we are recovering from worldwide Covid, massive worldwide debt leading to money supply problems and hence inflation and thus rising interest rates.
So surprise surprise, people are exiting stocks and shares.
Prices are falling. Something I didn't think I would see is I have lost a third of my portfolio on paper in the last year. That trust me is a lot of money even for the great Redknight.

However am I worried ?

Well of course I am, but as a seasoned investor I am aware things happen.
So am I selling. No I am not, I am buying more Vodafone, more DLG and am not increasing my holdings in BP, Lloyd's or Solgold.
I did however increase my small holding in VRS a bit.
Still a small holding, but now five times more than I had a week ago

We just shouldn't be concentrating on Solgold. In my opinion bargains to be had in lots of places.

Seanhunter you misunderstand the diverse book doesn't defend the share price. Volume does that.
The diverse book with people invested from different directions makes a cheap takeover almost impossible. Take time to think about it.

Yes Seanhunter but only a little daft.
We are not getting a bid, as the reasons are there in my last 2000 posts.
A diverse book means that a hostile bid is expensive for anyone who bids no matter what the share price is.
And nobody is going to recommend a bid which is only 50% of NPV.
So we carry on and watch the next steps.

The problem as I see it addicknt is slightly different.
If BHP and NCM take part in the latest fund raise.
Then we get to DFS and the game changes.
Because as Darryl says other funding options open up and we can construct Alpala with minimal dilution.
So they need to take part to maintain their percentage, but don't want to as that gets Solgold to where it wants to be.

We will have no trouble fund raising, but will be interesting to see what form it takes.

Interesting Smickster a streaming deal could only be for Alpala though as no one is going to do a streaming deal for exploration.

Good morning Medar.
I start by saying I don't believe this would happen.
So worst case scenario for me.

Solgold have lied we have manipulated the figures and a large quantity is uneconomical to mine.
We run out of money and cannot fund raise, then we are forced to sell off our Assets including Alpala.

More likely.

Solgold have represented accurately, we do our fund raise to get us to DFS. We start an active drilling program at our priority targets.
At DFS we raise in staged loans and minimal dilution and construct Alpala.

Thank you addicknt.

RNS are released because of regulatory information that needs to be disclosed.

This is a visit for analyst's and institutional investors.
Analyst presence to me means that they are doting the I'd and crossing the T's .
I don't see why analyst presence would be present at the beginning of a fund raise.
This is something else. Maybe we are looking at the first assessment for the Alpala build.
It could be the updated PFS is finished, but now the sanity checking is taking place.

Goodbye Slug.

Again really uninformed and unintelligent, 1.5% is not 10% but I guess your be looking at this post and still won't be able to work it out.