Member Info for Quady

Hi rcgl2 all companies have some form of debt, that is expressed as a percentage which is described as gearing.
The point is that we can go quicker and cheaper to get to production and the forgotten go for gold strategy.
This may well be the plan again.
We only have the PEA figures, I believe the PFS figures, with the expanded Alpala region, at higher revenues and extra gold and copper, should reset our thinking.
All Redknight and addicknt are saying is we can do nothing based on the PEA.
Agreed we only have the PEA at the moment, but their is no out the box thinking here.
We may get to production for half the cost, who knows.
We need to stop being so negative, stop telling people we are expecting a bid, and listen to what the company is saying.

Redknight the figures on how much copper, gold and Silver ETC we take from surface rich concentrate, are unknown, we need to get the PFS, and then the CFP, in order to make these calculations.
It is in the later life of the 55 year span that things drop off, not at the beginning.
Why not take an unbiased view and look at what the situation would have to be in mine output, to pay a dividend in the early years.
Please remember, higher prices for our resources.
Production faster and cheaper.
production operation costs cheaper, and increasing as we go to full block cave, along with increasing revenues.

Your arguments are nonsense, because you are creating your own straw man to knock down.

Redknight on 18 Feb 2021 14:42

Part of text pasted in below, but please feel free to read whole text.

Finally in the February 2020 MD&A we get the detailed outline plans for a PFS, including this...the first mention of production...

"Process flowsheet, process plant design, equipment requirements and cost estimating will be prepared and signed- off by Wood."

And of course no decision is made to move towards production until the completion of the Definitive Feasibility Study...which is now scheduled for Q1 2022...

So the certainty that Alpala will be taken to production exists only in your mind Quady...

18 Feb 2021 13:51

Question is...does he sell when a bid comes in...or even if the SP spikes on a JV announcement if there is one...

18 Feb 2021 11:36

I repeat...Solgold will NOT bring Alpala to production on its own...and indeed it risks making itself highly vulnerable to a takeover by seeking to do so...

I could go on and on.

Jerry you have been promising people that we will get a bid, addicknt is trying to say I am promising people a dividend, to try to deflect from himself saying constantly we will get a bid.
I have maintained given what we know up to now, that Solgold going to production is the most likely outcome.
Some of the discussion on here is ridiculous.
I can see their position slowly changing.
Already it has gone from no way can we pay a dividend to technically we can.

Redknight I have mislead no one, it is the likes of you and addicknt that have promised people that we will be bid for.

I believe debt carry is now called debt capacity, same thing.

I agree with you Gino, it's your uneducated mind.
I am mildly dyslexic, doesn't affect me.
But people ready on here to take the mickey.
What I have said in yesterdays debate is correct, and as admitted, a dividend can be paid, we just need to carry debt. All companies do this.
The problem is nearly all the we must sell it brigade, have found out that after the standstill with BHP expired, that it wasn't over by Christmas, now can only attack me for being correct.
The reasons haven't changed, and with the announcement of we are going to have an open cut and go to production cheaper and faster, production looks even more likely not less.

Hi Redknight and addicknt, nowhere have you mentioned how debt carry is accounted for, you keep mentioning accumulated losses, can you confirm that debt carry only has the interest included in that calculation, and so you could pay a dividend in year one, assuming with debt carry, you showed a profit.

RICH3R, basically addicknt is admitting that a dividend can be paid in the early years, as I asserted, I am signing off today, as watching the budget coverage.

OK Redknight this is my last post on the subject, as you are boring me.
The 3.6 year figure is the payback period on the PEA.
It doesn't mean we will pay it back over 3.6 years, it's just a financial measurement.
When the PFS arrives, we are told the resource will be greater over a wider area, with open cut, that is cheaper and quicker to build, and revenue will be on increased prices for gold, silver and copper.
We will debt carry, and taxes will be offset, we will be in profit by the end of the first full year.
So yes I believe we have options and do not need to go cap in hand to BHP or anyone else.
As an ex CEO you seem to roll over at the first hurdle and say woah is me, we have competition , we better sell the company fast, as I don't know what to do.

Interesting Redknight you believe the PEA and quote interest costs, but at the same time say we will have dilution if we go it alone.
Which one is it please.

I understand that Redknight, but we can debt carry.

Redknight what are you on about.
Have you not read what I have said.
We don't have accumulated losses.
We will have debt.
Are you suggesting that every year of production, we are going to have a loss every year, that is complete rubbish.
We will be like any other company and produce annual accounts.
This will show how much debt we carry and operating costs, as opposed to revenue and that will leave us with profit, which we will pay a dividend from.

Your post newtoit is common sense, however depends on time scales, we need the PFS and the CFP, to understand the timeframe and costs.
Once we are in production, then I believe dilution is over, and the conversation turns to how quickly we prove up other tenements, which we can bring to production, as debt funded projects.
So the big question after Alpala is producing, is what is going to be the level of debt carry.

Thank you Redknight, I have read what you posted, and you have supported my view not addicknt's.
Go back and read what I wrote yesterday.
By the way you can pay a dividend why carrying debt, it's called gearing, and I suggested a rather modest gearing ratio of around 40%.
You know as well as I do that dividends can be paid under these circumstances.
Vodafone pays a dividend when dividend cover is under 1.

Jerry I answered it, it was addicknt that said 2035, 2036, I said show the calculations.
Redknight showed what would need to be calculated.
I agreed, but added that we don't have the numbers, so no calculation could be done, and referred him to what we did know, which was the figures in the PEA.
We don't have anything else, which is my point.

Jerry I am many things but never a bully, if you remember I defended you, I am attacked day after day for my belief of the company direction. May I add this is what Solgold believes also, and yet never use bad language, just refute their arguments.
I was also one of a few that stood up to r.ac.ism. Some on here even ticked up his vile views.

As I said addicknt, you have no emotional intelligence, if it was a joke, you wouldn't have followed it up with the insults.
I guess it's just the way you are built.

Redknight what are you on, read addicknt's post, he has admitted he is wrong, but tries to pass it off as ironic.
Why don't you get that you are trying to defend someone, who has admitted they were wrong.

addicknt, we have a valuation on the PEA, so we can go on that, till we get an updated valuation on the PFS.
Those are the only factual figures we can use at this moment in time.
Agreed you have no clue what Actuarial work involves.