Member Info for Quady

sipptrader under Basel 3 gold goes from 50% to 85% not 100%.
Just think about the timescale, if is was even remotely correct. buying gold would be a one way bet. It's not.

Redknight read what I said, I said that gold is not classified as Tier one on capital lending ratio one. So this 15,000 dollars an ounce price is rubbish.

This article is older, but factual on Basel 3.
A bit more wordy.

https://www.kitco.com/commentaries/2019-04-02/Will-Basel-III-Send-Gold-to-the-Moon-Report-2-Apr.html

Zoros the post on basel 3 you posted is incorrect, gold will not be moved to become a tier 1 asset, tier 1 refers to the lending ratio's.

It would be nice if it was, as that's roughly the time we will be mining the yellow stuff.

Redknight I am unsure what the colonel is on about. I am reasonably sure that Basel 3 doesn't kick in till 2022.
The biggest change will be the capital requirements under capital tier ratio one. But to be honest, most if not all banks should have sufficient reserves to meet their current lending, otherwise something is wrong.

Zoros what are you on about, this link is chatroom stuff, it's rubbish.
If you want to know who this poster is, then look at the history of his posts, write down what he has said at what time, and then go back and look at DBW's posts and take a note of his times and see how they bounce off each other, trying to draw me into an argument. This is DBW's friend, and I refuse to disrupt this chatroom more than is needed.

Orthencopper, I know who you are, trying to goad me. your fooling no one.

It's very simple DBW, don't be a coward hand the R.ac.ists details to admin, and let them take the required action.
My friends are not R.aci.sts, you cannot say the same.
If I did have a friend who turned out to be a R.ac.ist, R.ap.ist or thief, I would hand them in and they would no longer be a friend, and so I believe would any of my friends.

It's not offensive to assume the sex of your Labradors, but it I'd offensive to defend ******s.

RICH3R you know I am mildly dyslexic, but you know what, go ahead and take the P.iss

newtoit, your just trying to upset me.
Doesn't matter.

The next CEO, will not be a deal maker, he will be hired to bring Alpala to production, as the job requirement will be expertise in the construction of a block cave operation.

Fair enough addicknt, we will agree to disagree.

depends on the issue addicknt, are you saying that BHP will form a concert group.
NCM won't sell cheap to BHP, as BHP won't sell cheap to NCM.
It's the dynamics of a diverse book, that is one of our best defenses.

addicknt

NCM, Tenstar, DGR, NM, Blackrock and others do not equate to 19.65%.

addicknt, whilst I agree with you that a hostile bid is unlikely, I used it as an example.
In the event of a bid, below NPV, whatever that is at the time, their is no way BHP would acquire 50%, for the reasons I laid out.

Zoros your whole argument is built on a false premise, you state it's fact that no one will advance Solgold the money.
This leads me to believe you have no idea how a CFP works.
But feel free to correct me, explain why is is fact please.

addicknt we have constantly seen that the route to production, is in the hands of the company.
The reason we don't have a bid is the diverse book would stop a low bid.
I will expand a bit, as I know you don't understand this point.

Below is only an example:

Let's say BHP put in a hostile bid for 1 pound a share.
It doesn't matter how many PI's sell out.
What needs to happen is BHP require NCM, DGR, Tenstar, CGP and possibly NM to sell.
NCM will not sell, as they want to increase their stake, for future profits. ( £1 a share values us at 2 billion pounds roughly, vastly undervalued )
The only one that might sell is CGP, but that is not certain, as if they bring Alpala to production cheaper and faster, they may well change their strategy.

The point is the names mentioned above, know the value at PEA, and unless the PFS reduces the value of the PEA and says it is not worth as much, then why would anyone sell.
I don't for one minute believe we will get a bid. The reason is they need to start at the PFS NPV, and although we don't know that, I don't believe this will be under 2 pounds a share.

Agreed Bozi, no one on here is listening to the company, they couldn't be clearer, we are moving along the long road to production. We are in the process of a new PFS to deliver this faster and cheaper, along with shared infrastructure in the Alpala area.
Here's a thought, just supposing in the future we were to refine on site, and fit in with Aruaz's future of metal production in Ecuador. ( extra revenue stream and more jobs ).