Member Info for Quady

Morning smickster just type in your browser Solgold failed fund raise. It's the one from the Australian. At the top of my page. Looks like protected link so can't copy easily on here.

https://amp-theaustralian-com-au.cdn.ampproject.org/v/s/amp.theaustralian.com.au/business/mining-energy/solgold-hits-fresh-troubles-as-finance-boss-ayten-saridas-leaves-only-weeks-after-failed-raising/news-story/c971d30c3e39872c770f69671b9a72b6?amp_gsa=1&_js_v=a9&usqp=mq331AQKKAFQArABIIACAw%3D%3D#amp_tf=From%20%251%24s&aoh=16609829000474&referrer=https%3A%2F%2Fwww.google.com&share=https%3A%2F%2Fwww.theaustralian.com.au%2Fbusiness%2Fmining-energy%2Fsolgold-hits-fresh-troubles-as-finance-boss-ayten-saridas-leaves-only-weeks-after-failed-raising%2Fnews-story%2Fc971d30c3e39872c770f69671b9a72b6

Ok for some reason that doesn't display, search on Solgold failed fund raise.

I found the offending article, it says Solgold forced to withdraw fund raise.
Very melodramatic, but as you see no fund raise ever took place.

https://amp-theaustralian-com-au.cdn.ampproject.org/v/s/amp.theaustralian.com.au/business/mining-energy/solgold-hits-fresh-troubles-as-finance-boss-ayten-saridas-leaves-only-weeks-after-failed-raising/news-story/c971d30c3e39872c770f69671b9a72b6?amp_gsa=1&_js_v=a9&usqp=mq331AQKKAFQArABIIACAw%3D%3D#amp_tf=From%20%251%24s&aoh=16609823882947&referrer=https%3A%2F%2Fwww.google.com&share=https%3A%2F%2Fwww.theaustralian.com.au%2Fbusiness%2Fmining-energy%2Fsolgold-hits-fresh-troubles-as-finance-boss-ayten-saridas-leaves-only-weeks-after-failed-raising%2Fnews-story%2Fc971d30c3e39872c770f69671b9a72b6

This was a speculative story that someone posted on here.
Okay if we had a failed fund raise, we would know the terms.
Why you ask ?
Because it failed, find me the terms of the failed fund raise. I tried and failed, then read about the discussion with the major shareholders. You soon discover that no fund raise took place.
If one took place and failed, show me anything on the terms of the failed funding please.
No one can because it never took place. You will understand this, when we undertake a fund raise and all is fine.

Seanhunter we never had a failed fund raise.
It didn't happen. No official fund raise took place.
There was a discussion with our major shareholders and no agreement was reached, so Solgold didn't go ahead.
We will have a fund raise later on in the year.

Good afternoon rcgl2, I think the reason BHP/NCM don't want a cashbox issue is they won't be able to increase their percentage, and by doing so it means we get to DFS and can then raise the money ( BFS required ).
Which means game over we go to production.
Why would they want to help us get to production.
However we can do this without them.

Redknight sorry when I named you Bobo the clown. I got it so right.
You haven't got me on filter. Everyone knows that.
Also you take the Mickey because I am mildly dyslexic.
What a nice chap you must be apart from a fantasist.

That was fast. Many thanks to admin.

I see our woman hating rac.ist is back.
Could you chaps in admin please remove the most unintelligent poster on here.
Many thanks.

Okay remember everyone, Redknight has changed tactics again. He says bid by Christmas and Solgold will not go to production.

I am a patient type of fella. I guess I will get my apology after Christmas.

Jerry that doesn't even make sense.
If you are on about JV of tenements that has been talked about since 2018.
The main part is we intend to become a producer by bringing cascabel to production. That has been talked about since 2015.
Even you who tries to warp everything I say, surely cannot deny this.

Actually what am I talking about of course your find a way.

So Redknight has moved from a position of saying I didn't know what I was talking about, to completely agreeing with me. And insulting me along the way.
I have not changed my position, as I still believe that taking Cascabel to production is the most likely outcome for Solgold.
I don't suppose for one minute he will apologize to me.

Cascabel will generate 1.3 billion a year in free cash flow at 3.60 per pound of copper.
And people here say we can't raise 2.7 billion dollars.
Really, and I am the one that is incorrect. Not only can we raise the cash, but we will be paying a dividend in the second year of production, if not sooner.

LunchMoney NCM have announced many times over the years that they are not selling their stake in Solgold, and wish to increase it. They don't need to state it every week.

SharketMare it is you who is blinkered. No evidence to say NCM will sell their holding. But plenty of evidence to say that they are keeping their holding and wish to increase it.
It is you that's blinkered.

Good grief they are not seller's, stop making it up. Show me some evidence that NCM are considering selling part of, or all their holding in Solgold.
You are just making this up and rewriting history to support the ludicrous idea of a bid in the next two years.
It's all based on lies being told on this forum.
Show me anything that suggests NCM are to thinking of disposing of part or all their Solgold holding.

Ortherncopper we have CGP's cooperation I feel because they were unhappy stumping up so much cash on the old PFS.
Is it not possible that they are happy stumping up a smaller amount for the new PFS, which is cheaper and a faster route to production, giving returns sooner.

SharketMare stop it. It wasn't years ago, it was within the last year.

Addicknt we are never going to agree on Mather. Remember Mather won the vote. Agreed he stepped down, but that was maybe a bit sooner than planned, but it was planned for Mather to step down in favour of a CEO with block cave mining know how.
You said Mather was finished with Solgold. He remains a NED with a remit in our exploration program.

Next there was no recent fund raise. This was just some probing to see if funds could be raised in a certain way.
We did not have a failed fund raise.
If you think we did, please tell us it's terms and why it was turned down.

Lastly we are not hostages of BHP, as the diverse book works in our favour. I know you don't understand the situation, as you have said a bid is imminent many times.

All is fine, no need to panic.