Member Info for Quady

Sorry seems to me to be another question.
Can we find out the details of the failed fund raise.
My thinking is we asked for a premium to the current share price. Like the 46 pence raise.
Maybe that's why it failed.
If we can find out then, we can discuss the next steps for a successful fund raise.

Thank you addicknt, as I thought that was the case but I was unsure. I agree about the consequences, but it's nice to know that we have options.

With the resolutions passed at the last AGM.
Can Solgold do another offtake agreement without putting it to the vote.
Just a technical question. Not interested if it's desirable or not. Can the BOD do it. Yes or no please.

Good grief the upward movement is just normal activity.
It could have gone up or down.
Todays RNS has had absolutely no effect on the share price.

We await clarification on todays RNS.

DBW you and Redknight both have me filtered.
Strange that you can both see my posts.

Trust me Redknight no one is accusing you of having insider information.
I wouldn't accuse you of even having the relevant information and being able to put it together and come up with reasonable scenario's.

So Redknight agrees with me on another issue.
He said NM was finished, now he says he is in the driving seat.

Redknight seems to ignore NM's voting power.

Jezzoo everytime you post you become more ridiculous, I know a few posters on here, but they post so infrequently and have small holdings compared to myself. But like me have incomes built on dividends. (we don't converse on chatrooms)
I do not know any of the persistent posters on here.
But that's not going to convince the likes of you.

Seanhunter I see today's announcement as surprising, so like everyone else waiting for clarification. I would be even more surprised if we see single figures. We just have to watch developments. I think now they need to put some meat on the bone.

Seanhunter because the PFS says we require 2.7 billion, doesn't mean this cannot be staged, and also maybe we don't even require it all to construct Alpala.

Firstly this is big and when constructed and we are operational we can pay back the debt rather quickly, although I suspect we will operate a gearing ratio and pay dividends early.

We do it by some limited dilution, bonds, loans and maybe the civil engineering companies we use taking payments on staged completion. So that when we are paying back debt, we are doing it out of income. So we can gear highly for a fraction of the funding.

Seanhunter the bait and switch as you put it happened in 2015. When we declared we were going to be a miner.
But you know that, as the message has been consistent ever since.

As Redknight is not reading my posts, this is not for him.

Of course he hasn't got me filtered. He pretends he has, so he doesn't have to answer my posts, because he cannot.

He claims that he is absolutely correct in his assertions, but won't tell you what they are.

So when this plays out, he can claim he was correct all along.

Strange thing is he filtered me when he started to agree with me, even addicknt pointed that out at the time, as like addicknt he claimed we would not get the finance to go it alone. He's really not so sure of that now. In fact he's not sure of anything.

So Redknight should either say why he's absolutely correct, or keep quiet.

But the absolute worst thing he can do is say he's absolutely correct, say nothing, and later on whatever transpires say he was correct all along.

Wait a minute that is exactly what he has done.

I don't need to reply to Redknights rant, the contradictions are there for all to see.

So Redknight can't comment further but his speculation is absolutely correct.
What speculation is that.
Is it the one that says Solgold cannot raise the money to construct Alpala.
Is it Solgold can raise the money to construct Alpala.
Is it we are going to production.
Is it we are going to receive a bid.
Is it we are going to JV.
Is it we are not going to JV.

The point is Redknight you have held all these positions and more.

So which position are you absolutely correct about and not saying anything further.

You may fool most people on here, but I am not most people.

Thank you damers, now hopefully an official announcement from Solgold or even better a webinar with a decent question and answer session.

I agree Bozi, this at last is something worth discussing. The company now has to put some meat on the bone.
We know that we have a change of direction. We know certain people have gone, or have seemingly less responsibility. However I believe that NM with his shareholder position has always been key in this.

Addicknt even when I try to strike a new accord, you read into it, something that is not there.
I am a details man and so just straight talking. ( My inner technical analyst if you like)
Don't be so defensive.
Something has finally happened. It's caught us all out. And I think this is going to be at last something that's worth discussing, without all the bid nonsense that has dominated this forum for far to long.
It's really that simple.

Correct RogueNation we don't know, the only probable is that it's not a bid situation.

Look addicknt however you have tried to pretend I have no idea, let's both be constructive.
We are agreed this is not a bid situation.
To me nothing in the recent past has suggested that's the case.
I have always said the most probable outcome was we head to production.
However I have never counted out a hostile bid, because as you know, I have laid out the diverse book argument many times, explaining why if any type of bid was coming, it would in all cases be hostile, as no one is going to pay us what we want, and that means with major parties holding onto blocks of shares were never going to sell cheap. In fact NCM have said more than once that they are not selling their stake, and would like to add to their position should the opportunity present itself.
So to me this doesn't look like a hostile bid either, because by it's nature a hostile bid would come out of the blue.
So what's left.
Could it be that the change in direction that Ingo was on about, is a much faster open cut than we could imagine, and our first revenue will not come from Alpala. Or could it be Alpala will be up and running faster and as such the BOD are going to have to earn their wages and different skills are now required.
Whatever has happened, I suspect we will find out sooner rather than later, as now every shareholder has a series of targeted questions. I doubt we will get anything from our head of communications. But I would suggest that the people on here who are in contact with the company, can ask the question. Why is this happening, and now is the time to give us the detail. An open question that requires a series of closed answers.

Good grief ColonelDrake still trying to spin this to his world view. The CFO would not go if a bid was coming as has just completed a package that would have given our CFO a big pay day.
So that's not the reason.
I believe we will continue to get RNS's over the next few weeks which as usual will be consistent with Solgold becoming a producer.