Member Info for Quady

Bozi please by all means have a guess.
I still see no evidence we have failed on any fund raise, so on this occasion we will agree to disagree.
I dare say this will all be cleared up by Solgold in the near future.

All the best.

Bozi as you know I respect and read your posts with interest.
Berry states they are unhappy about only a few shareholders have been approached.
This is the raise, nothing has failed.
I have printed the letter so addicknt can read it.
There are so many ways to raise funds for the DFS for Cascabel.
Nothing as far as I can see has failed.
If you have further evidence, please post and I will read and possibly reconsider my statement.

OK let's stop addicknt rewriting history, and let's nail DBW's statement to the post.
Both have stated that a fund raising attempt has failed.
Let's remind them of their ridiculous statements in the future, not only through lack of evidence, but also because the RNS states we are raising money for the DFS for Cascabal And Berry's letter states they are unhappy about the current fund raising.
At no point does either document say anything has failed.

DBW you would make a terrible technical analyst.
You cannot read a basic statement.
They don't like the way the fund raise is going about.
Nothing has failed.
They don't like the fact that they are not part of the fund raise.
You have truncated the statements in the letter to try to change the meaning.
However you have failed .

Now try to redeem yourself a little and read the letter.

Good grief addicknt read the letter.
No fund raising has failed.
No major shareholder is unhappy.
Only Berry Street capital is unhappy.
Read it and you realize it's the polar opposite of what you are saying.

Letter below:

28th July 2022
Statement re SolGold Plc

Berry Street Capital Management LLP has been an investor in SolGold Plc (“the Company”) since late
2020. We have subsequently added to our exposure through public market share purchases as well as
through the Company’s 2021 share offering.
As an investor in the Company, it has been very difficult to follow a great project being managed so poorly
at the corporate level both before, and after, the publication of the Pre-Feasibility Study. In our view, the
Company’s latest attempt to fund raise unfortunately only demonstrates the Management and the Board’s
lack of understanding of 1) their shareholder base and 2) the basic mechanics of capital markets.
We believe the Board should represent the entire shareholder base and not only a select group who might
be exercising control. Hence, we urge the Board to act fully independently and begin a strategic review
imminently to initiate a sale process of the Company.

Good post BNC let's keep it factual.

SharketMare it doesn't say that.
Please point out where it says that. Either in the RNS or the Berry Street capital letter. It says the complete opposite.

Good morning SharketMare you are making the same mistake as addicknt.
We have not had a failed funding raise.
The only evidence being quoted on here is the Berry Street capital statement.
Read it, it clearly states that it is unhappy with the way it's being raised. Nothing has failed.
We are raising the money to advance to the next stage of production, which is the DFS. We are progressing as planned. Just a few more years to see us to production.

The last few days on this forum have been mad.
All because of the DGR presentation which saw NM state we are going to prove up and sell.
Sure that has always been the plan. Along with our mission statement that we are going to become a producer.
The statements are not mutually exclusive.
Take some time to work through what has been said over the past couple of years.
Nothing has changed.

The world's largest shareholder is not the world's largest miner.
It's Nick Mather through various holdings.

Surely addicknt not only are you admitting that the diverse book is not only an asset, but by attracting more bidders and potentially more shareholders, that this strengthens our position by making the book more diverse and making low bids near on impossible.

Who knows addicknt, you may start to show some potential as an investor.

Addicknt we are not running out of money.
We are going to raise more.
That's the whole point.
As you know I have never held a top level job, never even been a manager.
But the skill I bring to this forum are my investing skills and my problem solving skills.
Read the letter from Berry Street capital and point out the parts that support what you are saying.
I have given people here a blow by blow account of what the letter says.
I have been factual and accurate.

Morning smickster on Berry Street capital, their is no indication that they are selling Solgold. In fact the letter says in the past they have increased their position.

It is upset that it hasn't been invited to take part in the latest fund raise. ( That's me reading between the lines ).

People on here are so desperate for a sale, that they are now blatantly making things up.
They should just relax and let the Solgold story play out.
This is a long term investment, it always was and still is.

Addicknt read the berry capital letter.
It says the opposite of what you are saying.
It is upset that the wider ownership of shareholders is not included in the fundraise.
Nothing has failed.
That is their point.
It's the way it's being proposed that they disagree with.

Addicknt I am very good at reading between the lines, and as an ex technical analyst, I understand why as a problem solver you first identify the problem you are trying to solve and not the symptoms.
In your 05.41 post you ask RK why the fund raise failed.
Yet we have zero evidence that a fund raise has even taken place let about failed.
They are in discussion, the RNS clearly states that.
Try reading it.
We have an RNS laying out the direction of the company. You should know by now that RK, tries to stretch points to sound authorative.
Nothing has failed.

Okay addicknt your last comment is just silly.
Where in the RNS does it say we failed on funding.
If you read it, it says the complete opposite.
It says we are looking at options to take Cascabel to DFS including talking about an issue of shares.
It makes it clear that it is not our only option.
Where does it say we failed to raise funds.
Where does any official communication say we failed to raise funds.

Addicknt we have not failed to fund raise.
This is about one avenue of funding.
This is a non story.
People on here are just exaggerating this story to confirm their bias.
Let's wait for an official announcement.

Good grief what failed fund raising, can someone publish the story, as I have been searching for this and found nothing.

Good grief Redknight has really lost the plot, he is now talking about a fund raise for Alpala, after telling me this could never be done and pretending I said the opposite.
I think it's time you had a serious lay down, and collect your thoughts before contradicting yourself further.

Oh dear I suspect I know who dazzlingDarryl is as the comment is really unintelligent.
Let me help you out.
In order to get to become a producer, we have a roadmap.
The next step on the roadmap is the DFS.
Easy when you think about it.

Bubble their is a huge difference in raising funds for exploring and production.
You should at least understand the difference.
Minimum dilution for production, but all the money raised for further exploration is all dilution.
Hence my position.

I think the RNS is very informative.
It says amongst other things that we are raising money for the DFS.
We wouldn't be doing this if a bid was forthcoming.
We are doing this as we are carrying on with the journey to production.