Member Info for Quady

Monte that's not the point, companies have to account to shareholders for spending.
A CEO isn't going to get up and say at a shareholder meeting, " Great news chaps, we have just acquired Solgold, and paid far more than it's worth, drinks all round, paid for by your dividends. Now how about re-electing me for a few more years ".

addicknt, I know you don't get the argument, so as I remember you said this would be all over after the standstill agreement was finished last October.
The reasons you were wrong are many, but the diverse book argument is a key component.
Tell me what went wrong with your prediction, as you say the diverse book is a weakness.

DBW, I agree we should be on the same side.
You are correct it stops us getting taken out cheap.
On why I think it will stop a bid. I only think that, because they would have to bid at near or full value, and I don't believe that will happen, as the Majors want us cut price.
Many on here don't understand the diverse book argument, and don't even know the ramifications.

Monte I think you are on about when BHP brought their first 10% at a higher price than the market value at the time.
If memory serves me right, this was near the end of 2016, as earlier on in the year NCM brought in at 6 pence a share, when the price was around 3 pence a share.
But I may be wrong as doing this from memory.

Monte I have seen that on here before.
BHP have never bid for Solgold.

Thank you Monte, my point is I have been here since 2012, I invested in 2013, and nearly everyone has said we will get a bid week after week.
In order for someone to bid, it has to stand a chance of success.
So something that would make me consider a bid was in the offing would be some consolidation of the diverse book.
For example someone buying CGP's 7.6%
This has not happened, and now CGP seem reasonably happy to hold.
I think this has been about the cost of bringing Alpala to production, and now the stake holders all seem more contented.

Oh dear Mog I thought you were better than that.
I will answer your questions however.
The main holders of Solgold are not distressed.
The CGP question is interesting.
Everyone on here thinks CGP want to sell.
Maybe they are looking for the income, when we go to production, and didn't want to be diluted to hell, with the original plans to build Alpala.
They seem happier to cough up a smaller amount to get to production.
You have to look at this through the eyes of a major holder, not a PI.
They don't want to sell below value, they want the proceeds from Alpala and other tenements once they are in production.

After all ask yourself at what price would BHP sell their holding for.

Hi Mog it's not luck.
The book has to change.
BHP cannot do anything with their holding, unless they can convince the other major parties to sell to them.
Now here is the Elephant in the room.
Why would any major holder of Solgold shares sell below their value.
They wouldn't.

People on here seem to think a one pound offer would be successful.
Ask yourself this.
Why would NCM or anyone else sell to BHP for one pound a share. The PEA values us at £1.50 a share, think what the PFS will value us at.
After all would BHP sell to NCM for one pound a share. Of course not.
Yes some PI's would sell up, but BHP would end up not owning it.

Now if BHP owned over 30% the story would be different, but it's not, and that is the power of a diverse book.

Addicknt the RNS said yesterday business as usual for Alpala.

Then illuminate this board addicknt, and explain why we never had a bid shortly after the standstill for BHP ended last October.
Remember I was the one that predicted we would get no bid.
You and others told me I didn't know I was talking about, and a bid was imminent. I remember one mail from you, that said this would all be over by Christmas.
Well Christmas has come and gone, no one has bid for Solg or CGP.
The diverse book argument with other information explains why.
You on the other hand continuously rubbish me, for being correct.

Agreed sipptrader, they are in competition with each other, not acting in concert.
That is the power of a diverse book, among other things.

One other thing Zoros, Basel 3's implementation date quoted by the Colonel is wrong.
Implementation date is 1st Jan 2023. ( check it out for yourself )
But countries are stress testing their banks at a different rate.
The effect on the gold price will be minimal.

Zoros like many on here you misunderstand the diverse book argument, the size of the bid is only relevant if they overpay.
I have been in this position many times over my lifetime, and Solgold is no different.
As I said there is more to the argument, but you asked for an answer in one line.

Zoros diverse book.
Their did it in two words, but many more reasons as well.

Zoros their is no conundrum why no one has shown an interest in Solgold.
Just read my last 1000 posts.

I believe Covid is the biggest hurdle in Ecuador, will post up to date stats in first link. and truly awful story in second link.

https://www.bing.com/search?q=covid+vaccinations+in+ecuador&form=ANNTH1&refig=8eb162f4996d4b5a9f6df61645de9aaa&sp=-1&ghc=1&pq=covid+vaccinations+in+ecuador&sc=0-29&qs=n&sk=&cvid=8eb162f4996d4b5a9f6df61645de9aaa

https://time.com/5933689/ecuador-covid-19-vaccine-scam/

Sorry DBW, just seen it.

Zoros I cannot remember the day or provide you evidence, but did briefly reach 80 pence a share, as Solomon gold, also a fraction of the shares in issue that their is today.

mistermeister what are you on about, it was Redknight referring to the original PEA not me.
Or are you on about something entirely different, could you phrase your question clearly please.

Agreed DBW.
I also consider it positive, apart from our mutual dislike of each other, I do read your posts with interest.
Wishing you all the best.