Member Info for Quady

Barry don't bother with him, he only posted that, because he wanted to have a go at me. He ignores all the evidence, and has previously said, once BHP were released we would get a bid, that this would be over by Christmas, that we are doing things to put pressure on BHP to bid.
Everything he says is a bid is coming, he is the most consistently wrong poster on this chatroom.

All the best.

Possibly LunchMoney, but usually when a CEO goes, he leaves the company.
He was voted in by the PI's and that is such an usual result.
The MD&A gives the reasons.
I know that is standard speak, but maybe it is what it says.
I guess we will see.

We have no evidence that the AGM cost NM his job.
If it would have cost him his job, he would be out of Solgold.
What we do have is the next part of the evolution on taking this to production.
NM has stepped down, and is involved in the exploration.
The next part of the evolution is to get a CEO with block caving experience, and that is exactly what we are doing.

Thank you LunchMoney, that clears it up, and it's better than I thought.
I read the whole thing yesterday evening, think I need to read it again.
Not sure we require the extra 50 million, as if we can get PFS and CFP, then we can reduce the 1% to 0.5% NSR in the following years.
Interesting months ahead.

All the best.

Hello Smickster, this is where it gets a bit confusing and why I agree with Redknights figures ( roughly ).
I believe the FN money is often being reported for Alpala only, But I seem to remember reading somewhere that it was for ENSA, and so takes in Alpala and a wider area, this is how I get my rough 4 million a month for wider exploration, as not all wider exploration is Alpala.
Someone please correct me if I am incorrect.

Many thanks.

Always do my own calculations Redknight.

Correct Miagi, although I figured in the extra 50 million, it's for Alpala only, but the burn rate is 8-9 million a month, that's PFS, DFS and exploration.
I make the burn rate for exploration about 4 million a month.
Hence Why I agree roughly with Redknight.

Miagi it's not an error, as I am working from 81 million. I could be wrong, that's why we discuss things, but as it stands, I think Redknights figures are close enough.

My figures are roughly the same as yours Redknight.
I don't think the Colonel is stirring things, I think it is an honest mistake.

Colonel BHP and NCM, wanted to do that 100 million placing for an additional 25% of equity, we gave FN 1% NSR which can be reduced to 0.5% .
Hooray for NM.

Just finished reading it.
On the whole upbeat.
Looks like we have extended the ability to drawdown the extra 50 million till May, so the conspiracy theorists that said we have forgone it to work with BHP are wrong yet again.

Also the explanation that we have changed the PFS because we cannot afford it is wrong, yet another problem for the conspiracy theorists, as it gives a full detailed explanation why the redesign was necessary.

Lastly I didn't know this next bit, I will paste it in.

A 2% net smelter royalty is payable to Santa Barbara Resources Limited, who were the previous owners of the Cascabel tenements. These royalties can be bought out by paying a total of US$4 million. Fifty percent (50%) of the royalty can be purchased for US$1 million 90 days following the completion of a definitive-feasibility study and the remaining 50% of the royalty can be purchased for US$3 million 90 days following a production decision. The smelter royalty is considered to be a contingent liability as the Group has not yet completed a definitive-feasibility study at 31 December 2020 as such there is significant uncertainty over the timing of any payments that may fall due.

Don't worry beingthebanker, it want go to 10 pence, so if you want to buy in, your going to have to pay more.

Oh dear Zoros, you must learn to read, yes Aruaz want's to reverse all interference in his country, you cannot read articles in isolation, this is why you need to follow, on a week by week basis.
Aruaz priorities are pay back China and Reverse IMF deal.
He has laid out how he wants to pay off China, I think getting out the IMF loan with his other spending commitments is a bit ambitious, but let's see.
As I said it wasn't a great article,

Colonel the Chinese and the IMF don't like Aruaz. He is going to sell the state owned oil and gas, to pay back the Chinese and effectively reduce their stake in Ecuador, he also wants to raise taxes on the wealthy to eventually rid the country of the IMF loan.

Good morning Colonel and smickster, the mining referendum has gone quiet. I don't believe Perez voters will vote with Lasso, as during the last 18 months Perez support, has come from an Internet campaign, and he has the hard left supporting him. I was thinking that we may get a large number of absenteeism, but Perez backers, I feel, will do anything to keep Lasso out.

Bubble that's what Aruaz is doing, but you would know that if you did your own research. The only thing that Lasso could offer Perez voters is mass nationalism and taxing the rich until it hurts. Lasso isn't going to do that. You need to understand what Perez voters want.

Colonel if Lasso goes through, he can't offer Perez voters anything. Asking Perez voters to vote for Lasso, is like asking Jeremy Corbyn to vote for Boris Johnson.

Crewtime I was on this site for just over a year asking questions, before I brought a single share, asking questions. Nobody should be banned from a site like this apart from Paedophiles, R.ac.is.ts, people who abuse women or abuse any gender, as this is criminal behaviour, not thought crime. You can't ban people who are not invested.

Thank you guys, been looking at poll results for second round of elections in April.

Sorry we got one in November, it's every 3 months, I believe. So guess any day now.