Member Info for Quady

Seanhunter have you listened to anything the company has said.
Your last post is complete fantasy.

Seanhunter dilution will be minimal. I don't know how many times the company has to say it before you listen.

Seanhunter what are you on about.
It's clear you have no idea how building Alpala will increase the share price not decrease it, as the assets we build are part of the NAV.

Thank you J.Maria_Ibarra I thought it was sooner but couldn't find reference.

Thanks Bozi, I thought Alpala DFS was sooner, but guess we just have to wait.

13th April was last drilling results that I remember.
So guess we are due some. However next news I would like is the DFS. Unsure if we get this first or the PEA for Porvenir. Guess they will be around the same time.

If everyone remembers, drilling is still proceeding, however the emphasis is on advancing Alpala.
Guess that's why drilling results have dropped off.
That and drilling updates on a three monthly basis.

Addicknt because you keep repeating the same lie, doesn't make it true. I have never said a bid could never happen, you constantly reassert that to divert from the truth that you have been constantly wrong and I have been correct up till now. I don't believe a bid will occur because of the diverse book. Something you don't understand. If the book becomes less diverse I would reassess my position. It's not that hard to understand.

Zoros what you are describing is a hostile bid. I covered why I don't believe that will happen.
I was referring to an agreed takeover and it absolutely matters.

Sorry Bozi I stand corrected, but you know what I mean.

Bubble your even wrong about me being wrong again, I have never said we are expecting a bid, so have not been wrong in the first place.

Bubble you have predicted a takeover many times you have been wrong every time and I have been correct every time.
NM has made it clear we go to production.

Good afternoon Andywest
I have explained it many times, but here goes once more.

The problem with start up companies is that they often end up as companies that issue lots of shares when they need money and the good ones end up issuing shares to a single entity .

Let's take GGP as an example : today Newcrest have or will have 75% of the shares and a controlling share, so it's game over as one day Newcrest will own it.

NM understands this and has not let any entity own more than 15%
So we always are in a state of competitive tension.
No one will sell their stock as they all want a bigger share.

This means two things:

1=) In order for a bid to be successful the bid would have to be set at such a level that the block holders of Solgold would sell and allow a single holder to obtain a bigger percentage. They cannot buy on the open market as this would be too expensive.

2) We want to head to production, this is Solgolds intention, remember production is plan A. that is our direction.
The saying plan A begets plan B is not what most people on here thinks it is.

It means should anyone put up the kind of money that would make our major shareholders sell to them, then under the right circumstances Solgold might not be able to defend. ( it is very unlikely at the moment with the book being so diverse )

If someone wants to buy GGP all they have to do is approach Newcrest and agree a bid for a friendly takeover.
If someone wants to buy Solgold, where do you start as having such a diverse book means you need to talk to many parties at once including NM.
Solgold could be taken over with a hostile bid, but the price for the bidder would be high, so I have ruled that out for the moment.
This has been why I have been confident over the years that no one will bid for us in our current format. Along with our defense and offtake to Franco Nevada.

This next bit is speculation by me believing what I believe.

When Solgold announces the CFP to construct Alpala it will be tabled in such a way that will be minimum dilution to keep the book diverse and will mainly consist of Bonds, Loans and offtake. So as to prevent a bid while constructing Alpala.

At this point I believe we will start to see the Solgold share price start to rise.

FTJNY companies don't work like that.
They have strategic plans in place, they don't sit round a table and agree to bluff.
Only by constructing Alpala can we release value.

Good morning Bozi on the CFP, we know they are talking about financing, but we are not going to get anything till after the DFS, maybe as late as the BFS. But the fact that Solgold talked about 1 billion on standby two years ago shows us what's in the pipeline.

On the issue of everyone knows what their shares are worth and no one will sell cheap.
We have to remember our market cap for a company with no revenue.
We now require the DFS, as we are on a long journey.
Seanhunter may want things to move faster, if that's the case don't invest in Mining, Oil or Gas

So seanhunter you know better than the BOD.
I will take the word of the people in the know who understand what we have and how this can be funded with minimal dilution.
Remember two years ago we announced we had a billion in hand when Alpala's build was 4.3 billion over a longer period.
Today we are in a far better position in terms of fund raising and I suspect that dilution would be even less today.
Listen to the company not the so called experts on here.

Good morning Killjoy I have covered this subject extensively.
In order for a bid to succeed the diverse book must become less diverse.
So BHP or another party needs to acquire blocks of shares.
Problem with that is everyone knows what their shares are worth and no one will sell out cheap.
So this is why we have had no bid up till now.
Lets add we have had no trouble raising funds and whatever some believe on here Solgold can raise the funds to build Alpala with minimal dilution. (the company's words not mine )
Some armchair CEO's think they know better than Solgold ( they don't )

So unless the book changes significantly we get no bid and we continue to production. ( again the company's words not mine ).

Sorry conotetas you have brought a share without understanding the company position, without understanding why no buyout has happened up till now and yet you buy in without watching any of the recent presentations.
It was our CEO that recently said we are not talking to anyone, so no bid in the offering.

Padmaster, deep down we know no bid. As we have zero evidence for a bid and lots of announcements from Solgold saying no bid.
You have to understand why we have not had a bid up till now to understand why no bid is coming.

Seanhunter thank you for sharing your thoughts. I really don't care who moans on this forum, as long as your not a ras.cist, woman hater or someone who ticks up those vile posts. I don't believe you are any of those things, but we have a tiny Vocal minority who are.
My point in asking is you say you invested to discover, prove up and sell. By the end of 2015 and certainly 2016 that was not Solgolds strategy. They clearly stated it was to become a producer.
I think if you bare that in mind, then your investment makes sense and we are in for the long haul.