Member Info for Quady

NM has always said we are going to production, it is uninformed posters on here, that have been constantly saying for the eight years, I have been here, that we are going to be sold, that have been wrong. NM has brought this company to where we are now, which has been impressive. The only people hurting now, are those that brought in above the current price, that believed a bid was imminent.

RedKnight, Keith Marshall is not in the running, he has said he doesn't want it.

Zoros they are looking for someone outside the company with block caving experience to bring Alpala to production, they have already excluded Keith.

Nobody in Solgold, will become the new CEO, we need someone with block caving experience,
We know our direction, we are going to production, cheaper and faster.

Just for people, who are interested in Ecuadors election, you can see the percentages people got, then look at what they stand for, and you will see, where I am coming from.

https://www.statista.com/statistics/1202112/share-votes-cast-general-presidential-election-ecuador/

Paul, Xavier Hervas, is a left leaning Socialist, who got nearly 16% of the vote. His voters are a natural foot in for Perez, plus all the others. However if Lasso in the runoff then Perez voters, will look to the center ground, and the same for Perez, as Lasso voters will gravitate to the centre.

Paul nobody knows how an election is going to turn out. It's just in Ecuadors case, people are seeing their standard of living eroded, and they want something different. So those that believe that debt should be paid down to give their children a better life vote one way, and those that are hurting now, and need a better life vote another way, and everything in between. To some extent we have all been watching the political landscape develop over the past 2 years, and the things that were important to the people of Ecuador have changed. Moreno got in on promises of more jam tomorrow. Aruaz is promising everything, more jam tomorrow, and some today. He is a socialist talking about paying down debt, and raising taxes. Not raising taxes to spend massive amounts of money. You have seen in the first round, how people have voted, and we are talking about, who he run off against. Will it be Lasso or Perez. There were 16 parties in the first round. We all know, how the top three did. May I suggest you look at number 4, then look at the percentage of the vote they got, and what they stood on.
My point is Aruaz doesn't need a swing from Lasso or Perez, look at the other candidates, and I think you will have your answer. This is Aruaz's to lose, not Lasso or Perez's to win.

All the best.

Paul, I doubt you will get a negative reply, as whoever gets in, Solgold will work with them.

Redknight nobody has bid up till now.
If someone buys CGP, that may change the situation.
Depending on who buys them.

Paul the article is from the Peoples dispatch and it labels Lenin Moreno as right wing.
I think that says something about the quality of the article.

Agreed Pinot, we have Lasso on the Right, and Perez on the left, and Aruaz in the middle, say centre left.
So although we may have some single issue policies, that we are unaware of, as we don't live in Ecuador, you won't have a huge transfer of votes, from left to right or right to left, most will go to Aruaz, and with a lead of over 10% and being the central candidate, I would be personally stunned, if he was to lose.
We may see a lot of people not voting in the second round on April 11th.

All the best.

Thank you Pinot, as it says some way to go, but no bad news.

Colonel we are not 6 or 7 years off.
We don't know until we get the PFS.
But since we are cutting in early, we will have a limited production project earlier, while we advance to block cave. BHP don't own this company, it is owned by many parties, as we have a diverse book. Let's see them try a bid, and see what happens.
They know, that's why we don't have a bid. The CFP is I believe being put together, as the PFS comes to fruition. So waiting for end of year. Although we never tabled the two motions that allow another company to come in and dilute BHP and NCM, we can still dilute them in a limited way, so they won't be advancing 3% per year, unless they buy on the open market, and they certainly won't do that.

It's not a buy Bubble it's an uncrossing trade.

Thank you Redknight, good to hear the CFP continues, some on here believe that BHP and NCM are pulling the strings. That is obviously not the case, and yes Silver and Copper price helps.

Jerry, I agree on the PFS, but the resource is there. It hasn't evaporated. If we can increase the resource by expanding the area, and cut into the mine quicker and cheaper, then I believe the finance is there. Let's remember, we are doing this because an opportunity has presented itself. Not because it was unaffordable.

I know DBW can't see my post, but to my mind he is correct. Addicknt doesn't make the distinction between a CFP and future drilling. He seems to lump financing all in the same box.
We have been told repeatably that people are queuing up to finance Alpapa.
It appears to me that the delay to get to DFS is offset with bringing a larger resource than Alpala to production quicker and cheaper, doesn't mean the finance options have dried up, but if anything, they will be greater and cheaper.

Tiger, why do you think none of these things have happened.
It would not turn out as you imagine.

Another post where addicknt has misrepresented everything I have said, and associates others peoples posts with mine.

1=) I have never mentioned NM's age or said he wouldn't step down, I have never got involved in such discussions.

2=) His re-election did give the Majors a bloody nose, it showed them that the PI's not only supported NM. but the company as well, and showed them, we won't be taken over cheap. He pretends this didn't happen, and spins it out as a disaster.

3=) He is not an experienced investor, as he doesn't understand the diverse book argument.
We see constantly, that the diverse book has stopped a bid, as it almost makes it impossible to take us out cheap, as the other blocks would have to sell up cheap, and they won't do that.
If BHP had double the shares, say 26% of the company, this would be nearly impossible to defend from a cheap takeout, but he clearly doesn't understand this.

4=) He has changed his story saying he doesn't put a timeline on a bid, but as I am sure you all know, he has many times shifted the timeline, as although he never sets a date, he states events would lead to a takeover.
After that event has passed, he just moves on and picks another event. It's ridiculous.

Redknight you make a good point in NM's share holdings and influence, and I take that on board.
As Barry says the idea was that NM was always going to step down, as we transitioned to become a producer has been reported more than once, but completely ignored, because it doesn't support his argument. ( he never let's the facts get in the way of his postings )
We know in some detail, thanks to the MD&A the reasons for the changes in the PFS.
Just look back at the rubbish that has been talked about.
First we would never sign the Franco Nevada deal, as it was a bluff to get a bid from BHP. Even though we were told many times it was covid holding up things.
Then we were told that once BHP were released from standstill, that this would be over by Christmas.
We are still being told a bid is imminent, even though we have changed the BOD over time, to improve governance and bring in experience to build a block cave mine, and move to production.
We have more than one reference saying we are looking for the CEO to have experience of building a block cave operation in South America.
The way some of the armchair CEO's talk, you would think that no one in the world has that experience. I think it's a possibility that someone has already been found, and are coming on board, and are disengaging from their existing role.

I have always said that we need to get the HLD and LLD correct, and this is exactly why the PFS is changing.
How do I know that, because the MD&A lays it out in some detail.
We have the conspiracy theorists that say that it was too expensive to build.
They should read the MD&A slowly, it says no such thing, and lays out that significant cost savings can be achieved and why wouldn't you do this.
Remember we are expanding Alpala construction, I guess like me you are thinking that this is going to pull in more resource than we currently have, and that could lead to a significant increase in the PFS, possibly some of the higher figures that have been discussed on here.

All the best.